7 Best CoinSwitch Alternatives in 2022 (Apps & Sites Like CoinSwitch.co)

Last Updated: July 10, 2022
There are a bunch of sites like CoinSwitch available in the market for a range of platforms, including Windows, Mac, Online / Web-based, Android, and Linux, we’ve searched the internet for the top CoinSwitch alternative sites so that you don’t have to.
Best CoinSwitch Alternative Sites: Top 7 Cryptocurrency Sites that You Should Try in 2022
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If you’re interested in investment and have searched on the web about cryptocurrency exchange platforms, you might have come across the CoinSwitch Kuber platform.

It’s the first bitcoin and cryptocurrency exchange aggregator.

While some traders love CoinSwitch because it offers a simple way of exchanging cryptocurrency, others find it ineffective as it doesn’t support fiat deposits via wire transfer or bank transfer.

Whether you’re a new investor or a professional miner looking for some best CoinSwitch alternative sites, this write-up is for you.

Although there are a bunch of sites like CoinSwitch available in the market for a range of platforms, including Windows, Mac, Online / Web-based, Android, and Linux, we’ve searched the internet for the very best CoinSwitch alternative sites so that you don’t have to.

Best CoinSwitch Alternatives in 2022:

CoinSwitch

Here are the 7 best CoinSwitch alternatives that you should need to try in 2022:

Pionex

image 49

It comes with no surprise that traders use technological solutions for trading in the technologically concentrated field like cryptocurrencies.

And this results in an increase in the popularity of automated trading, commonly called “bot trading.”

However, the biggest problem associated with automated trading is that its process is quite complex.

Although you can’t program these by yourself, you seriously need to have some programming background to check the bot and modify its code if required.

Also, the cost of renting or buying bots from their respective creators is pretty high. In short, bot trading is more troubling than its worth.

Well, all these problems were solved with the launch of Pionex, one of the bestest CoinSwitch alternative sites, in 2019. The site provides 16 built-in trading bots, all free of cost.

However, traders do need to pay a small trading fee in the same manner as they’d pay at any exchange while trading manually.

It’s the best platform for traders who are starting their trading journey with trading bots.

The exchange has a user-friendly interface and comes with detailed tutorials that explain the working of each bot.

Despite being a newly launched exchange, its daily trade volume already amounts to over $30 million.

Pros and Cons Using Pionex:

Pros
  • Pionex offers 16 free-to-use trading bots
  • The exchange comes with a low fee of only 0.05% on all transactions
  • It’s available for both iOS and Android
  • Pionex supports over 120 different cryptocurrencies
Cons
  • The platform doesn’t have a demo account
  • You can’t fund your account with a fiat deposit

eToro

image 50

Another CoinSwitch alternative, eToro, is an Israel-based multi-asset brokerage and social trading company that offers financial and copy trading services like crypto and forex.

It has registered offices in the United States, Cyprus, Australia, and the United Kingdom.

The value of the company was $800 million in 2018, which tripled to $2.5 billion in just two years.

The exchange platform offers trading in 27 types of cryptocurrencies. While it’s enough for new crypto investors, advanced or professional investors may find it limited.

Some of the popular coins of eToro include Bitcoin Cash (BCH), Ethereum (ETH), NEO, Uniswap, Dogecoin, Bitcoin (BTC), EOS, Litecoin (LTC), Stellar Lumens (XLM), and Ethereum Classic (ETC).

Available on both iOS and Android, eToro supports two different apps, namely the eToro Money wallet app and eToro Cryptocurrency Trading app.

On one side, the trading app resembles the web platform, while on the other, the wallet app helps in sending and receiving tokens and also converts users’ cryptocurrencies to coins.

You must know that if you want to transfer coins off the eToro platform, the only alternative available is via the eToro Money wallet app.

Pros and Cons Using eToro:

Pros
  • eToro is an established platform
  • The platform offers you a choice between crypto CFDs and cryptocurrencies
  • The eToro platform is regulated in various jurisdictions
  • It provides the option to beginners to copy the trading strategy of experienced traders
Cons
  • The platform is not beginner-friendly
  • Its fee structure is very complex
  • eToro provides limited customer support

Uphold

Uphold

Formerly known as Bitreserve, Uphold is a site like CoinSwitch that allows its users to purchase and convert all kinds of goods and currencies, including cryptocurrencies such as Bitcoin, for free.

The Cloud Computing-based platform, Uphold enables its users to move, transfer, and convert cryptocurrencies from any other users to anywhere.

In a recent report, the platform declares that it has empowered over $930 million in cash transactions for more than ten thousand users across 174 countries worldwide.

It even accounts for almost 22% of all public Bitcoin exchanges all over the world.

Headquartered in Charleston, South Carolina, Uphold has branches in San Francisco, London, Braga, and Shanghai.

With 58 cryptocurrencies, 27 fiat currencies, and four precious metals, Uphold is both a versatile and reliable platform for trading.

The multi-asset trading platform added Ripple (XRP) cryptocurrency in March 2018, offering zero transaction charges to members on the purchase of the first 5 million XRP.

Pros and Cons Using Uphold:

Pros
  • The exchange platform is cost-effective
  • It provides commission-free trading on every asset
  • Uphold is user-friendly and is highly customizable
  • The multi-asset platform supports direct cross-asset trading
Cons
  • Compared to other platforms, Uphold offers a limited number of assets
  • Its educational section is less organized

Binance

Binance

Binance is a well-known cryptocurrency exchange site like CoinSwitch and was founded back in 2017.

It’s the largest cryptocurrency exchange across the world when it comes to the daily trading turnover of cryptocurrencies.

Focused on altcoin trading, the platform rules the international exchange space. However, in 2019, Binance was banned in the United States.

Moreover, the company soon introduced its spin-off platform Binance.US, especially for American users.

The platform provides over 50 different types of cryptocurrencies to trade and is the best platform for someone who is looking for more advanced charting than a bunch of other exchanges.

With remarkable features, reasonable pricing, and charting abilities, Binance is indeed a better CoinSwitch alternative.

The company, during its lifetime, has launched two cryptocurrencies: Binance Coin (BNB) in June 2017 and Binance Smart Chain (BSC) in September 2020.

Binance Coin (BNB) is one of the most popular cryptocurrencies, having the third highest market capitalization.

The company’s users even need to pay fees on trading with Binance Coin.

Pros and Cons Using Binance:

Pros
  • Binance has an extremely massive coin selection
  • The rates of instant and non-instant buy fee is quite low
  • Along with trading, the platform offers various other services
Cons
  • Its corporate structure is not completely transparent
  • Binance user’s account verification is pretty difficult
  • The platform is not available throughout the world

Webull

image 1

In case you’ve got a limited budget or just want to risk a limited sum of money, Webull could be a better alternative for this purpose.

Webull Financial LLC is a Chinese electronic trading platform that can be accessed via both desktop computers and mobile apps.

It’s a great platform for commission-free trading of stocks, cryptocurrencies, exchange-traded funds, and more.

In fact, users don’t need to meet any minimum deposit criterion to start a Webull account and can buy and sell cryptocurrency from the platform by just paying a small fee of $1 per trade.

As a result, traders can become skilled at crypto trading even with little capital. Moreover, taking about fees and commissions, the platform provides each of its markets on the basis of spread.

Crypto trading at Webull comes with a spread of a minimum of 1%, which is barely competitive. You can choose to fund your Webull account from a bank wire or ACH.

However, the former will cost you around $8 in fees while depositing and $25 when withdrawing.

Pros and Cons Using Webull:

Pros
  • The account opening process of Webull is fast and easy
  • It’s one of the best trading platforms for traders with a limited budget
  • The platform offers free stock, ETF, and options trading
Cons
  • Webull comes with a limited products portfolio
  • Amounts in Webull can be deposited and withdrawn via bank transfer only
  • It doesn’t provide any live chat support

Coinbase

image 52

Although the cryptocurrency industry has been full of shady exchanges and fraudulent coins, Coinbase was successful in avoiding any form of controversies.

Coinbase, a site like CoinSwitch, offers an extremely user-friendly interface, lowering the obstacles to entering the cryptocurrency investment market, which is generally looked at as convoluted and confusing.

The exchange even provides insured custodial wallets to traders and investors for storing their investments.

Coinbase also carries coverage of data breaches and hacking, and users’ cash is stored in bank accounts that are insured by the Federal Deposit Insurance Corporation (FDIC).

Moreover, the custodial accounts of Coinbase are quite convenient for new traders who have lesser trading knowledge. However, it owns secret keys to the coins and not the investor.

In addition, the platform offers its premium version called the “Coinbase Pro version” with the same pricing structure but evidently more options on the basis of indicators and charts.

The Pro version is best for investors who have greater trading knowledge, offering features that are more advanced.

Pros and Cons Using Coinbase:

Pros
  • It offers an extremely easy to use exchange
  • The platform offers a higher liquidity rate
  • There are nearly 100 types of cryptocurrencies in Coinbase
  • Coinbase provides insured cryptocurrencies
Cons
  • Compared to most of the exchanges, it’s quite expensive
  • Its users don’t have any control over their wallet keys

Gemini

image 53

Suppose you’re a seasoned or professional trader who normally allocates a considerable amount of money to your investments.

In that case, there is a greater possibility that you’ll be going to love to do crypto trading on the Gemini app.

The high-rated crypto trading site like CoinSwitch, Gemini, is one of the very few crypto trading platforms to be licensed by the New York State Department of Financial Services.

As soon as you download this trading app to your device, institutional-grade security, as well as a range of insurance schemes that will benefit you.

However, on the darker side, the number of crypto assets supported on the platform is limited, and its charges are also high.

For example, you’ve to pay a commission of 1.49% per slide on all exchanges over $200.

Pros and Cons Using Gemini:

Pros
  • The platform is available in all American states
  • It’s licensed by the New York State Department of Financial Services
  • Gemini supports over 50 cryptocurrencies
  • It offers insurance to digital assets against any hacks
Cons
  • The platform is somewhat costlier
  • Gemini is not suitable for new traders

FAQs

Are There More CoinSwitch Alternatives?

Yes, there are many, for example:

• WazirX
• Unocoin
• CoinDCX
• Bisq
• Voyager
• Kraken
Bitcoin IRA
• BlockFi
• Hodlnaut
• Crypto.com

Why Invest in Crypto?

Today, everyone (well, mostly) talks about cryptocurrencies. This could be based on the sudden increase in the price of digital assets and how we can forget the flurry of ads featuring various celebrities telling us crypto is the future.

With nearly 8,000 different types of cryptocurrencies, we’re living in a world of rapid crypto expansion.

As per various data, cryptocurrencies have a market cap of nearly 2 trillion US dollars and a daily volume of 90 billion US dollars or more.

Thus, it’s pretty evident that the cryptocurrency industry has been growing and will continue to be so in the near future.

Cryptocurrency (or, as we may say, digital currency) has become way more accessible for an average individual after its recent increase in popularity.

In fact, many brokerage firms enable investors to bid and offer cryptocurrencies alongside their mutual funds, stocks, and other investments.

In addition, some of the best cryptocurrency exchanges have made the crypto trading process even more user-friendly.

While investing in cryptocurrencies is one of the best ways to increase your earnings, you should keep in mind that they’re not right for everyone. In fact, they’re still a partially speculative investment.

This kind of investor can expect a roller coaster ride, no matter if they make money in the long term or not.

With that being said, if you have a relatively high-risk tolerance and trust in the long-run potential of cryptocurrencies, then there’s no harm in holding some cryptocurrencies as an investment for the future.

Conclusion

And with that, we’re at the end of our write-up; in this post, we’ve talked about the seven best CoinSwitch alternative sites and also mentioned some other alternative options you can choose from depending on your criterion.

If you’re a beginner in crypto trading, choosing the right exchange for your goals is significantly important.

If you’re looking to get started with your crypto trading journey, eToro may be one of the best alternatives for you.

That’s because this exchange offers CopyTrader functionality; that is, you can copy the trading strategy of successful traders.

On the contrary, if you want to invest in a platform with lesser risk, Coinbase seems to give the most security.

All the assets held in Coinbase’s hot storage are insured, and 98% of the user’s funds in cold storage are also secured.

However, in our opinion, Pionex is the best exchange platform and edges the rest with its extraordinary features.

With more than 12 trading for seamless automation, advanced features, and a fluidic mobile UI, Pionex is the most loved platform among the traders, irrespective of their experiences.

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Written by Thomas McGovern

Thomas has over a decade of experience with blockchain and cryptography. He writes regularly for EarthWeb and holds a M.S. in Mathematics.
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