In This Article we guide you How To Use Coinswitch App For Buying And Selling Cryptocurrencies . Read our complete article for more details .
Cryptocurrency has quickly become a trendy investment option, and many are turning to cryptocurrency exchanges such as Coinswitch for trading digital assets and investing.
Due to its user-friendly interface and wide array of supported cryptocurrencies, Coinswitch is increasingly used among traders for purchasing or selling crypto assets. We will walk through each step necessary in using Coinswitch successfully when buying or selling digital assets.
Here Is Step By Step Guide How To Use Coinswitch App For Buying And Selling Cryptocurrencies
Step 1: Download Coinswitch App
First step to Coinswitch is downloading and installing the Coinswitch app onto your mobile device, available both on App Store and Google Play Store and free to download.
After doing this, create an account by providing your email address and setting a password – simple yet effective!
Step 2: Add Funds to Your Coinswitch Wallet
Before purchasing or selling cryptocurrency on Coinswitch, funds must first be added to your wallet. To do this, click the “Add Funds” button on the home page of the app; imps/nft transfers can all be used – plus since Coinswitch supports multiple fiat currencies you can select your preferred deposit currency!
Step 3: Buy Cryptocurrencies on Coinswitch
To purchase cryptocurrency, simply tap on the “Buy” button on Coinswitch’s home screen. A page will load with all available cryptocurrencies supported by Coinswitch; choose which cryptocurrency you would like to buy and enter an amount before clicking “Place Order”.
Your funds in Coinswitch wallet will then be used to complete your purchase.
Step 4: Sell Cryptocurrencies on Coinswitch
If you want to sell your cryptocurrencies on Coinswitch, simply tap on the “Sell” button on its home screen. This will bring up a list of supported cryptocurrencies; select one and set an amount to sell before clicking “Confirm Sale”.
Proceeds of sale will then appear in your Coinswitch wallet so that they may be transferred out later to your bank account or wallet.
Step 5: Track Your Portfolio on Coinswitch
Coinswitch provides a portfolio tracking feature to allow you to keep an eye on your cryptocurrency holdings.
To utilize it, click on the “Portfolio” button on the home screen app. Here, you will see a list of your holdings along with their current value and percentage change over time.
How To Secure Your Coinswitch Account ?
Secure your Coinswitch account is key for safeguarding both funds and personal information from unapproved access. Here are some strategies on how to best secure it:
Password Security: Using a strong password is the cornerstone of cyber defense. Combining upper and lowercase letters, numbers and symbols into one password for increased protection against hackers.
Implement Two-Factor Authentication (2FA): Two-factor authentication provides extra protection by requiring a verification code when signing in, similar to using Google Authenticator which generates unique codes every 30 seconds. With Coinswitch support of Google Authenticator you can easily set this up.
Verifying Your Account: Coinswitch requires its users to complete a KYC (Know Your Customer) verification process in order to protect themselves against fraudulent activities and ensure only authorized people can gain access to their account. This helps avoid potential forgery.
Keep Your Coinswitch Account Information Secure: Be wary of sharing any of your Coinswitch account information, such as password and 2FA code, with anyone. Also be mindful of phishing scams where attackers send fraudulent emails that seem to come from Coinswitch but ask you for account data.
Use a hardware wallet: If you possess significant cryptocurrency holdings, consider placing them in a hardware wallet – an offline physical device which stores private keys securely so as to prevent hackers from accessing them and thus protecting against possible theft of funds.
By following these tips, you can help secure your Coinswitch account and protect funds from unauthorized access. Furthermore, it’s vital that you remain up-to-date on security best practices to protect the safety of cryptocurrency investments.
About Coinswitch
Coinswitch is a cryptocurrency exchange aggregator and trading platform which enables users to buy, sell, and trade cryptocurrencies. Established in 2017 by Ashish Singhal, Govind Soni, and Vimal Sagar Tiwari in India.
Coinswitch provides support for over 400 cryptocurrencies, such as Bitcoin, Ethereum, Ripple, Litecoin and many others. Coinswitch’s key feature is its ability to search across multiple exchanges to identify the best rates when buying and selling cryptocurrency – so users can get great trades without manually searching multiple platforms themselves!
Coinswitch provides an intuitive mobile app, available for both iOS and Android devices, which makes trading cryptocurrency simple for its users. The interface makes trading straightforward.
Conclusions
Coinswitch is an intuitive app for buying and selling cryptocurrency with ease, as outlined here in this article. Simply follow these steps to begin trading cryptocurrencies quickly on Coinswitch – but please exercise caution and research carefully prior to investing! Happy trading!
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