Which among CoinSwitch Kuber and WazirX is the better Crypto Exchange platform?
Cryptocurrency has become one of the most trending topics in India and has also gained a lot of media and market attention in the country. People are often seeing talking and discussing it on social media platforms and creating a lot of hype regarding it. Now, let’s take a look at which of these is the better performing cryptocurrency exchange in India CoinSwitch or WazirX.
The cryptocurrency industry has seen unprecedented growth in recent months. The values of Bitcoin, Etherum and other cryptocurrencies have peaked. Although cryptocurrencies were once considered a fringe hobby, they are now being adopted by a growing number of people all over the world as it becomes apparent that they are here to remain. The crypto and blockchain industries have attracted a number of big brands, banks, and financial institutions. More coins are being introduced to the market as the crypto industry matures and grows in popularity. Many people in India have been interested in investing in cryptocurrencies in the last few months. Although getting started with cryptocurrencies can be challenging, many Indian exchanges, such as CoinSwitch Kuber, WazirX, and Zebpay, have made cryptocurrency investment quite simple for Indians. We’ll compare CoinSwitch Kuber vs WazirX in this article to help you decide which is the better choice for you.
Charges on CoinSwitch Kuber vs WazirX
The most pressing issue for potential crypto buyers is the fees paid by crypto exchanges for transactions. Although there are no fees for depositing and withdrawing money from CoinSwitch Kuber, there are some secret fees. When you buy a cryptocurrency on CoinSwitch, the firm deducts 1-2 percent of the purchase price. Furthermore, CoinSwitch’s cryptocurrencies have separate purchasing and sale rates, which is an uncommon occurrence.
WazirX, on the other hand, is totally transparent about its fees. Both crypto trading/transactions on WazirX are charged a flat fee of 0.2 percent. Furthermore, depositing money via bank transfer costs Rs.5.9, although withdrawing money from WazirX costs somewhere between Rs.5 and Rs.10.
Rating and Reviews CoinSwitch Kuber Reviews vs WazirX
On Google Play, both apps have received a lot of positive feedback. According to a few CoinSwitch user reviews on Google Play, the app will become extremely sluggish during peak trading hours. The majority of reviews for WazirX are favorable, but users complain about the high withdrawal and deposit fees. WazirX currently has a 3.9 rating on the PlayStore, while CoinSwitch has a 3.9 rating as well.
It’s worth noting that CoinSwitch has a very simple UI and UX, while WazirX is much more complex. CoinSwitch is a good option for beginners who aren’t that familiar with cryptocurrency. It’s simple software to use. The WazirX software, on the other hand, has a variety of valuable functionality and details for crypto traders with a lot of experience.