Coinswitch vs Shapeshift

Ever since Shapeshift implemented the loyalty program that’s in reality a KYC policy, people started looking for ShapeShift alternatives.

CoinSwitch is one of the services that often gets mentioned as a ShapeShift competitor. Let’s see how ShapeShift vs CoinSwitch comparison looks like:

  Shapeshift.io CoinSwitch
Operation principle trading bots on exchanges + own reserves aggregates offers from other exchanges: shapeshift, changelly, cryptopia, bitswap, bittrex, hitbtc, changenow, changer, blocktrades etc.
Platform Web-based Web-based
Fees 0 but they claim to earn up to 0.5% on the exchange rate 0% to 0.49% included into conversion rate
Account necessary? yes depends on the exchange you select
KYC “basic personal details”
Can buy crypto with credit/debit cards? no Yes, 100+ coins
Credit/debit card limits   Depends on the exchange you select

 

As you can see the main difference is that CoinSwitch is an aggregator that offers more options. You can actually buy Bitcoin with a credit card using CoinSwitch (100+ coins as well), unlike Shapeshift.

If you need a service just for your coin exchange then CoinSwitch might find better deals for you as well, since it aggregates APIs from nearly 10 crypto exchange platforms.

Coinswitch vs Shapeshift verdict – give CoinSwitch a shot for a chance of a better deal.

Sign up to CoinSwitch here.`

1 Comment
  1. Mike says

    I used both coinswitch and shapeshift, in principle, I am satisfied, but everyone has a drawback – account registration and limits. Therefore, I am increasingly inclined to use innovative platforms, for example, changenow.io, where are no limits and accounts. I think it is more convenient.

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