Coinswitch has a Big Advantage. It allows you to buy Alts, on any altcoin exchange, without you having to use the altcoin exchange or be signed up to it as they will purchase the Alts their side.
There has never been a easier way to buy $DTB and altcoins. I very rarely recommend anything, but i stress tested Coinswitch with 5 transactions at different times of the day, all went through fast and with a low fee, in fact most with the same withdraw fee a exchange would take, very impressed.
Most people can use exchange to buy. I am trying to find a reason to use CoinSwitch over an exchange like Bittrex... The only reasons I see are:
1. The users is new to crypto and cannot register on a exchange, as the new user registrations are currently closed
2. For some people, the reason not to buy from exchanges, are the currently enforced verification policies. So I wonder does CoinSwitch provide some advantage for those people?
So... does Coinswitch currently allow new user registration and does it enforce user verification?
Good Questions thank you, SO....
From the owner of the exchange himself, anyone can buy up to 3BTC of crypto without any KYC stuff.. thats a good amount right there. Then i guess if you wanted more, a VPN would easily do the job.
And you hit nail on the head, people cant really sign up to Bittrex right now, yes, there is theat application form, but its 4 weeks since i applied and still no message, not holding my breath, so this service from coin switch is really great for anyone wanting to buy Bittrex only tokens, or ANYWHERE that you cant sign up to.
But not only that, i found the fee the same as Bittrex and for anyone new getting into crypto, the process is so super easy, it is the ideal "bridge" for beginners to know how to buy crypto and then send to a wallet.
I tested about 5 transactions and all went through quickly from 15 to 30mins, only times it was slower was when "America" was awake.
You can sign up to coinswitch easily.
1. email address (can be any you like)
2. Phone number (can be any you like as its for sms verification, i used a online service for free to get the verification code)
https://www.receive-sms-online.info/(it is all in the video i made).
So overall really great service, a absolute shapeshift killer as , far as i am aware, shapeshift give you one exchange rate, Coinswitch is like a price comparison site also and will let you, the buyer chose the best deal.