How to Start Crypto Trading with CoinSwitch Kuber

by Asheen Chowdhury  |  June 22, 2021

Congratulations! You’re here! Cryptocurrency is no longer this complex, mysterious financial revolution that everyone else is talking about.

It’s right here! At your fingertips and on your mobile screen.

You don’t need to be an Elon Musk level Billionaire or an anonymous master hacker to enter the world of Bitcoin and Crypto. In fact, with the right partner to sort out the nitty gritties for you, it’s as simple as trading stock or investing in real estate or Gold. All you need to know is how to use the CoinSwitch Kuber app!

You must be wondering why 6 million Indians have made us their Crypto app of choice. Well, we deliver you the best cryptocurrency trading experience ever. We pride ourselves on being user-driven – catering to your needs in the simplest, most no-nonsense way possible. 

Our app is the easiest way to get into Crypto, but yeah, even the simplest of things need to come with an instruction manual, right? 

Here’s our super-quick guide on how you can get started on CoinSwitch Kuber and become a Crypto Rockstar! (Or a Crypto pro at the very least 😛)

The Fastest KYC Ever  

Here’s the deal. Cryptocurrencies themselves are built on strong blockchain ledgers, which means that each transaction is transparent, immutable and decentralized.

What is Blockchain technology, you ask? Read this to know more.

However, Crypto regulations are still a work in progress worldwide, and India is no exception. One of the hard and fast rules in this state of flux is that Crypto transactions have to be accounted for so that the government knows what’s going on.

Which is why you, our valued user, have to tell us who you are. Cryptocurrency is legal in India, but the government doesn’t want Crypto to get into the hands of anyone with an illegal bent of mind, and neither do we.

Don’t worry about it, though, because our KYC process is super fast and super easy (Definitely much easier than filing your taxes!)

What do you need to have ready?

  • PAN Card
  • Any one of your Aadhar Card, Driving License or Passport
  • A phone with a front camera

Once you have these ready, it’s a simple three-step process.

Get Started with Crypto on CoinSwitch Kuber Now!

Check out the video below to see how to go about it.

 

Here’s how to use the CoinSwitch Kuber app

1. Depositing Money into your CoinSwitch Wallet

Once you’ve linked your bank account to your CoinSwitch profile, making transactions is just a matter of a few clicks. You’ll find the ‘Deposit INR’ option on the top right of your home screen, as well as at the top of your Portfolio section.

We support UPI transactions, which means you can make direct deposits using payment apps like Google Pay, Phone Pe and others.

You can also make direct deposits from your registered bank account. This can be done via NEFT, RGS or IMPS.

2. Choosing your First Crypto

To buy Crypto, you need to go to the Market section on CoinSwitch Kuber. Here you’ll find all the Cryptocurrency that we currently have listed, along with important information such as price charts, market rank, market cap, circulating supply and trading activity.

You can see the Top Gainers and Top Losers in this section. To make it easier for you to monitor Cryptocurrency that you want to buy, you can add them to your personalized Watchlist – As simple as adding your favourite songs to a playlist.

Once you’ve bought Crypto, it will show up on the Portfolio section of the app. Here you can see what your wallet looks like, with a list of the Cryptocurrency that you currently own.

This section is where you need to check out essential details like your current investment value, initial invested value, gain or loss percentage (both on individual Coins and your total investment) and total INR balance.

3. Buying and Selling Crypto

When you choose to buy a cryptocurrency or sell it, you have an additional choice of how you want to buy or sell based on your unique trading needs and what you feel will get you maximum gains.

We currently support three types of orders –

  • Market Order – Buy or sell your specified amount of Crypto instantly at the current market buy price.
  • Limit Order – Set a specific price to buy or sell a particular Cryptocurrency, and we will execute the order automatically when it hits that price. Read this article to know more.
  • Auto-Limit Order – Sell Crypto at market sell rates instead of buy rates. Place this order, and we’ll automatically sell once the market sell price reaches the market buy price. Sounds complex? This article will help you understand this better.

4. Withdrawing Money from your CoinSwitch Wallet

Once you have sold your Crypto and made some gains, you can transfer your earnings straight to your registered bank account. Worried about CoinSwitch Kuber withdrawal fees? Well, you’ll be glad to know there’s no such thing.

There are no CoinSwitch Kuber fees that you need to pay for deposits, trading or withdrawals. All you need to do to withdraw is –

  • Go to your Portfolio
  • Tap on Total INR Balance
  • Tap on Withdraw at the bottom right
  • Enter your desired amount
  • Tap on Withdraw

5. Depositing Crypto Directly into Your Wallet

Different people, different habits. Some of you may want to maintain multiple wallets, while some may want to use CoinSwitch as your one true Crypto wallet. (We highly recommend the latter method).

In any case, you can easily make direct Crypto deposits and withdrawals to and from your wallet. Here’s how-

Direct Cryptocurrency Deposits

  • Visit the detailed page on CoinSwitch for the coin you want to deposit
  • Tap on the QR code icon on the top right
  • Tap your coin address for deposits to copy the code
  • Go to the Crypto wallet that you want to transfer from
  • Click on Withdraw/Transfer
  • Paste the deposit address that you copied in step 3
  • Confirm the transfer

Direct Cryptocurrency Withdrawals

  • Visit the detailed page on CoinSwitch for the coin you want to withdraw
  • Tap on the Send icon on the top right (next to QR code icon)
  • Tap Add Address
  • Add wallet name, wallet address and destination tag (as required)
    Example:
    Wallet Name: John Doe XRP
    Wallet Address: rQ3fNyLjbvcDaPNS4EAJY8aT9zR3uGk17c
    Destination Tag/Memo: 1543210
  • The withdrawal address is activated after 24 hours, after which you can transfer following the same steps > Select the address > Tap on Withdraw

 *Please note that only 5 alternate wallet addresses can be added per coin

6. Gift Vouchers and Referrals 

We’re all about spreading the love and helping get every Indian into the financial revolution that is Crypto. That’s why we have a strong referral program and a bunch of great partners who might reward you with gift vouchers.

To check out your referral and in-app rewards, click the little gift icon at the bottom centre of your home screen. You can start sending out referrals from here either via Whatsapp or SMS. Your rewards will also appear here as scratch cards; all paid out in Bitcoin that is then added to your wallet.

To redeem Gift Vouchers, visit the Profile section on your app, click on Redeem Gift Voucher, enter your code and enjoy your rewards!

7. DYOR Do Your Own Crypto Research

We’re literally living on the cutting edge – a brand-new company working in a market sector that has JUST started actualizing its potential. That’s why there’s one mantra we always love to tell our users – ‘Do your own research!’

Crypto is an amazing phenomenon that has the capability to completely change how finance in this world works. We’ve made buying and selling Crypto easy, but if you want to go in-depth into the heart of Crypto, we have the right resources for you to get there.

Introducing you to Kuberverse!

This is a free, comprehensive and pretty damn interesting repository for all things Crypto related. Here you’ll find everything from the history and origins of different coins to analytical articles, weekly updates, fun reads and much more.

For those of you who want even more, we have a YouTube channel too. You can also follow us on social media for regular updates.

P.S: KuberVerse is an educational initiative. Anything expressed here directly or indirectly is not investment advice. And we ask you to do your own research before investing.

 

Frequently Asked Questions

 

  • Is it safe to trade in CoinSwitch Kuber?

Yes. All your funds are safeguarded by meticulous and cutting-edge cyber security measures. All transactions are safe, secure and protected.

  • How reliable is CoinSwitch?

You can rely on us to make sure that every rupee you invest on our app is accounted for. We consider our customer’s needs our utmost priority and provide 24/7 customer support to help make sure you get the best out of your CoinSwitch experience.

  • Can I withdraw money from Coinswitch?

Yes, you can. All you have to do is add a registered bank account and you can withdraw your earnings straight from your CoinSwitch wallet.

  • Can we trust CoinSwitch?

Trust is what makes our world go round. We have 7.5 Million Indians investing with us and we make sure that we always do right by them and leave no room for dissatisfaction.

  • How does CoinSwitch app work?

That’s what this article is about isn’t it. Once you go through it, you’ll see that it’s as simple as ordering food, groceries, clothes or anything else on your phone. If you still have any doubts, just reach out to us at support@coinswitch.co, and we’ll resolve them for you.


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