The growth of the cryptocurrency industry has allowed for the rapid growth of the products and services that come with it. The following guide introduces the best cryptocurrency applications designed to facilitate the activities of long-term investors and short-term traders. From exchange and brokerage apps to portfolio trackers, market data providers and wallets – Today we are going to review Wazirx vs CoinSwitch – Which should you choose? Read on to understand a few things before you start trading.
WazirX and CoinSwitch are crypto exchanges based in India. Both Wazirx and CoinSwitch were able to survive the RBI ban. Wazirx has been acquired by Binance and CoinSwitch has launched its latest CoinSwitch Kuber platform.
WazirX Vs CoinSwitch Kuber Fees
Fees The biggest concern for new crypto investors is the transaction fees of crypto exchanges. While CoinSwitch Kuber does not charge deposit and withdrawal fees on their app, they do have hidden fees. Every time you buy cryptocurrency on CoinSwitch, the company deducts 12% of the purchase cost. In addition, CoinSwitch has different buy and sell prices for their cryptocurrencies, which is an unusual practice. On the other hand, WazirX is completely honest about its fees. WazirX charges a flat 0.2 per cent fees on all crypto trading/ transactions. Moreover, depositing money through bank transfer costs Rs.5.9 and withdrawing money from WazirX costs from Rs.5 to 10.
WazirX Vs CoinSwitch Kuber Review
Both apps have a Google Playstore rating. According to several complaints about CoinSwitch on the Google Playstore, the app can be very slow during peak hours. For WazirX, reviews are generally good, but people complain about high mining costs. Currently, WazirX has a 3.9 rating on the PlayStore, but CoinSwitch also has a 3.9 rating.
CoinSwitch has a clean UI and user experience, while WazirX has more difficult applications. Beginners who are unfamiliar with crypto should choose CoinSwitch because the app is very easy to use. However, the WazirX app contains a lot of important information and resources that may be useful for deep cryptocurrency traders.