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Switchere Cryptocurrency Exchange Review: It Is Safe Or Legit Exchange

by Cws Team
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Switchere Cryptocurrency Exchange Review: It Is Safe Or Legit Exchange

About Switchere Cryptocurrency Exchange

Switchere Cryptocurrency Exchange is an exchange registered in Estonia with an exchange license from the Estonian authorities. It has been active since 2019. They promotes three special things as the main advantages with its platform. First, it markets its transparent workflow. Second, it pushes that the security on the platform is robust. This is of course very important. Third and finally, the platform markets that it is legally compliant.

Operating Company 

Exchange NameSwitchere Cryptocurrency Exchange
Support24/7
Withdraw Fee0.0005 
Deposit FeeFree
Taker Fee3.60%
Maker Fee3.60%
Official SiteHomepage

How To  Start With Switchere Cryptocurrency Exchange

To Start Trading With Switchere Cryptocurrency Exchange Indian Residents First Have To Sign Up For An Account By Following The Steps Below.

Step 1. Click On The “Login/Signup” Link On The Top Right Hand Corner Of The Switchere Exchange Website.

Step 2. In The Form, Fill In Your First Name, Last Name, Mobile Number, Email ID And Password.

Step 3. If You Have A Referral Code, Enter The Code While Creating Your Account.

Step 4. Submit The Form And Wait For An Activation Email To Be Sent To You.

Step 5. Click On The “Confirm Email” Link In The Activation Email.

Step 6. After Your Account Is Activated, You’ll Be Sent A 6 Digit One Time Password (OTP), Which You Have To Enter After Logging Into Your Switchere Cryptocurrency Exchange .

Switchere Trading fees

The main service offered here is buying ETH, LTC, BTC, XRP, EOS or USDT20 with VISA or MasterCard, or trade them for each other. Therefore, there aren’t really any taker or maker fees to compare with. However, there is a processing fee for your transactions.

The processing fee is 3.60% per transaction. It is difficult to compare this processing fee with the trading fees at regular centralized exchanges, seeing as this platform is more a crypto shop than a crypto trading platform. One should be aware though that the industry average trading fees for centralized exchanges today are around 0.10%-0.15%

Switchere Withdrawal fees

This exchange does not have typical withdrawal fees, as the withdrawal element is sort of part of the initial transaction. However, they do have a blockchain fee of 0.0005 BTC built into the transaction. Considering this, we feel that for comparison purposes with the other exchanges in Exchange List, it makes most sense to list 0.0005 BTC as the withdrawal fee charged by Switchere.

Deposit Methods

At this exchange, you can purchase crypto through both bank transfer and credit card. At least if you have any of the banks in Vietnam, Thailand, Malaysia or Vietnam listed in the below picture. As Switchere permits fiat currency deposits, it qualifies as an “entry-level exchange”.

Easy to use

If you’re looking for a crypto exchange with a short learning curve, Switchere fits the bill. Its order tool is very beginner friendly. Plug in the amount you want to spend, select the cryptocurrency you want, and provide a payment method.

By default, the exchange asks you for a wallet address where it will send your crypto. If you don’t have one, you can use a crypto wallet on Switchere instead. It’s better to use your own wallet, though, because Switchere doesn’t offer much information on its security or how it keeps funds safe.

Safe, Transparent & Fair Exchange

Switchere is one of the most reliable online exchanges for buying cryptocurrencies. The company is a licensed provider of financial services, with guaranteed legal compliance and a secure infrastructure system for fast crypto exchange services at fair prices.

Major Advantages

Fast Processing

One of the fastest and easiest way to buy or convert crypto.

High Spending Limits

Simply the best place without redundant bureaucracy.

WYSIWYG Algorithm

Receive exactly the same amount you have paid for.

Instant Delivery

Fill in the order form and get your coins instantly!

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