CoinSwitch Kuber
CoinSwitch
CoinSwitch has over 25 million users in India and is a $1.9B unicorn, operating as a multi-exchange aggregator registered with FIU-India. As an aggregator, the spread it applies is not always fully transparent.
Data & conditions
| Maker / Taker fee | 0% / 0% |
|---|---|
| Markets | Spot |
| Max leverage | 25× |
| Supported assets | 150+ |
| Trading pairs | 100+ |
| Fiat on-ramp | Yes |
| Deposit methods | UPI, IMPS, NEFT, RTGS |
| Geo restrictions | USA, Cuba, Iran, North Korea, Syria, Sudan, Afghanistan, Pakistan, Crimea |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | APAC · 1+ countries |
| Regulator | FIU-India |
| OAM Italy registration | No |
| Segment | B2C |
| MiCA / License status | FIU India FIU-India |
Strengths
- 25M+ users India; unicorno $1,9B; aggregator multi-exchange; FIU-India.
- No notable sovereignty advantage documented.
Weaknesses
- Aggregator: spread not sempre transparent.
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (FIU-India): reporting to authorities and freezes on order.
- Geographic restrictions (USA, Cuba, Iran, North Korea, Syria, Sudan, Afghanistan, Pakistan, Crimea).
Verdict
The good-but-not-top score fits the facts: CoinSwitch is a $1.9B unicorn with over 25 million users in India and FIU-India registration, but as a multi-exchange aggregator the spread it applies isn't always transparent, and that is the main drawback for anyone who wants clear costs. India-centric, with no access from Italy.
On the sovereign axis CoinSwitch is weak like any custodial with full KYC: no self-custody, no anonymity. Its aggregator nature makes things worse for the crypto-native, since it adds yet another layer of intermediation between the user and on-chain execution — the opposite of trustless operation.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
What are CoinSwitch Kuber's fees?
On CoinSwitch Kuber, spot fees are maker 0% / taker 0%. They drop with monthly volume and VIP tier.
Is CoinSwitch Kuber regulated in Europe?
Regulatory status of CoinSwitch Kuber: FIU-India. Licence: FIU India.
Does CoinSwitch Kuber publish Proof of Reserves?
Proof of Reserves publication is not documented for CoinSwitch Kuber. No third-party reserve audit is documented. Reserve transparency is a critical factor after the FTX collapse.
Can I send transfers to third-party IBANs from CoinSwitch Kuber?
No, CoinSwitch Kuber is an exchange and does not allow transfers to third-party IBANs: fiat withdrawals return to a bank account in your own name.
Does CoinSwitch Kuber support derivatives and futures?
CoinSwitch Kuber does not offer derivatives: it focuses on spot trading.
Sources
- Official service page Maker/taker fees · Regulatory framework · Derivatives · Bug bounty · +5 Data verified on Jun 15, 2026
- business-standard.com Data verified on Jun 15, 2026
- cs-india-support.coinswitch.co Deposit methods Data verified on Jun 15, 2026
- cs-usstocks-support.coinswitch.co OAM Italy registry · Geo restrictions Data verified on Jun 15, 2026
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- techcrunch.com Valuation · Stock ticker · Stock listing · IPO date Data verified on Jun 15, 2026
- businessoutreach.in Founders Data verified on Jun 13, 2026
- cryptotimes.io Proof-of-Reserves Data verified on Jun 13, 2026
- tradersunion.com Geographic availability Data verified on Jun 13, 2026
- tradingfinder.com Trading pairs · Max leverage Data verified on Jun 13, 2026
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