CoinSwitch is one of the services that often gets mentioned as a ShapeShift competitor. Let’s see how ShapeShift vs CoinSwitch comparison looks like:
|Operation principle||trading bots on exchanges + own reserves||aggregates offers from other exchanges: shapeshift, changelly, cryptopia, bitswap, bittrex, hitbtc, changenow, changer, blocktrades etc.|
|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.