Demystifying cryptocurrency, how CoinSwitch is making crypto palatable for the masses

• ByStartupStory     |    November 26, 2021

“I believe that we missed out on the first digital revolution and I never wanted to miss out on the second one. People chose to leave India and work with companies like Google, Facebook but I chose to stay back and maybe play my part in creating the next generation of these companies.”

• Ashish Singhal Founder and CEO at CoinSwitch

A Mission to make crypto investing as easy as ordering food

CoinSwitch is a cryptocurrency exchange that provides users with the way to invest in cryptocurrencies by aggregating all leading exchanges and comparing cryptocurrency prices in real time. They support over 300 different cryptocurrencies, digital currency, altcoin, cryptocoin with more than 45000 pairs for exchange. With an abundance of crypto startups predominant in the Indian startup lifestyle, CoinSwitch is a remarkable pioneer.

The Founder’s curiosity

Ashish Singhal, unarguably talented says that he is a hacker at heart, winning all major hackathons in India such as The Sequoia hack, Amazon Srujan, and Google Code, proving his love and dedication to the craft. He was curious about the crypto market in the early years. As he got more and more immersed, he realized that crypto may contain solutions to prevailing problems in the traditional fintech systems.

He posits that he has been building products to solve the underlying problems in crypto since 2016 and this gave rise to the creation of CoinSwitch, a major leap in crypto exchange technology.

Crypto competitors

With competitors as huge as coinDCX, which has gained nearly 100 million USD as funding, and becoming India’s first crypto unicorn, CoinSwitch faces serious competition, especially since India is leading the charge for South Asia and Oceania as one of the fastest growing cryptocurrency markets globally. Other firms that are in the rat race such as The local unit of Binance, the world’s largest crypto exchange, WazirX has a crypto-trading platform focused on bitcoin but offers its own token as well called WRX.

Why CoinSwitch?

safety of Funds
The foremost thing to check in a cryptocurrency platform is fund security. Since you are going to make a deposit you should know if your money is safe and secure. There have been many instances of trading platforms going bankrupt which means investors losing their hard-earned money. CoinSwitch is a stable, reputed, and well-funded platform where your deposits are safeguarded. The company is funded by leading venture capitalists like Sequoia Capital and the founders are all based out of India. But having said that, take some time to go through the platform’s website to know more about it.

Tokens Support

Another important criterion that makes CoinSwitch a good platform to trade is the fact that they support more than 100 cryptocurrencies. Most exchanges support only the top few like Bitcoin, Etherium, etc but there is more to digital currencies than only these. Every investor in this market knows that there is a huge list of altcoins that are considered stable and a good investment option. So using CoinSwitch for trading means that you can opt from any of these and manage the risk better. But before you signup as an investor make sure to check out the tokens that you are intending to purchase are supported.

Finally, as per the motto of CoinSwitch

With CoinSwitch Kuber crypto investing is as easy as ordering food online by combining transparent pricing with an extensive knowledge hub so users can make informed decisions and thrive in a dynamic digital investment world. Its vision is centered around creating an investment ecosystem that simplifies investment.

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