Both WazirX and CoinSwitch Kuber have grown to become the two largest cryptocurrency exchanges in India when considering their total active users.
One key distinction between both exchanges is that CoinSwitch Kuber does not offer native wallet support, whereas WazirX does. This ultimately means that if you use CoinSwitch, you need to buy or download a third party external wallet (which can be insecure).
In the table below, we provide a high-level overview of the differences between both WazirX and CoinSwitch Kuber for Bitcoin investors in India.
One of the main aspects people like to compare for cryptocurrency exchanges in India is the total trading fees and charges. As mentioned in the table above, the fees on CoinSwitch are nearly double that of WazirX. If you are price sensitive on fees, we recommend that you avoid Coinswitch.
Another aspect to consider when trading on Coinswitch is the wide spreads on the price. You might notice that the price difference to buy or sell Bitcoin is really wide, this is because Coinswitch have hidden fees that make the price of cryptocurrencies on their platform more expensive.
If you join WazirX using this link you will get another 5% off trading fees.
WazirX Fees are 0.2% and CoinSwitch Fees are 0.5% per trade.
Overall WazirX is the better exchange for fees, cryptocurrency selection and wallet/funds security. Although CoinSwitch is the newer exchange that is backed by very wealthy investors, their product is still second best to India's largest crypto exchange WazirX.
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