Friends, today let’s discuss the CoinSwitch Kuber app.Reasons for CoinSwitch Kuber we are discussing today are many people experiencing hard times in finding exchange to get in to the crypto world.Understanding an exchange can be a big task for newcomers, and then there’s trading, understanding Bitcoin’s price fluctuations, and the overall crypto landscape. CoinSwitch Kuber is an easy exchange to use, so we will discuss how to enter and use it in simple language, covering its buy/sell options, interface, and more.
Why Multiple Exchanges?
Whether you are new or have been using other exchanges, sometimes we need multiple exchanges. For instance, if someone in your house asks you to invest ₹10,000, investing in your own exchange may not be feasible, as it won’t show their profit or loss. Multiple exchanges come in handy in such situations. If you are looking for another exchange, CoinSwitch Kuber can be an option because it is very simple. Let’s explore how to use the mobile app step by step.
Getting Started with CoinSwitch Kuber
Downloading the App
After downloading the app from both Android and iOS, the first thing you should do is perform your KYC (Know Your Customer). Go to the profile and input your information therein; make sure your ID, Aadhar, and PAN card are included because these are needed for KYC completion. To make your deposit, you need to accomplish your KYC first. For depositing money, you can use the top option. You can deposit any amount via UPI, and it will be instant without needing any reference number. Everything is automatic.
Home Page Features
On the home page, you will see a banner at the top displaying their latest campaign details, followed by a watchlist. This watchlist feature is unique and not available in many exchanges. It allows you to create a personalized watchlist. Below that, there are trending coins and additional information about the exchange.
Managing Your Portfolio
Next, let’s move to the portfolio section. Here, you can see your current value of the tokens or coins you have bought. For example, it shows ₹1,237 with an 11% increase from the ₹110 invested. This feature is unique to Indian exchanges like CoinSwitch Kuber.
Here you will see any remaining money from your wallet. At the moment, there are Ethereum and Bitcoin in the wallet. For instance, in the market section, there are options such as ‘All,’ ‘Watchlist,’ ‘Top Gainers,’ and ‘Top Losers.’ Top gainers and losers are very useful especially for newbies in cryptocurrencies because they give a hint about top and worst performing coins in the past 24 hours.
Placing Buy and Sell Orders
Now, let’s look at how to place buy and sell orders quickly. For instance, if you are to sell Ethereum, click on sell button and select the percentage to sell (25%, 50%, 100%), then preview the sell order for confirmation. CoinSwitch Kuber does not charge any fees at the moment.
Market and Limit Orders
The options available are market and limit. Market option allows for immediate purchase/sale at the prevailing price, whereas limit option requires one to specify a particular price point for purchase/sale transactions to take place.
Using the QR Code
The QR code option allows you to request tokens from someone sitting next to you, similar to how you request money on Google Pay. The other option lets you send money to another exchange by entering the recipient’s address.
Conclusion
CoinSwitch Kuber is a simple exchange without much technical complexity. It’s ideal for beginners or those looking for a secondary exchange that is easy to use. To download the exchange, use this link.
