Question 1

Is CoinSwitch the easiest crypto app in India?

Accepted Answer

CoinSwitch (formerly CoinSwitch Kuber) is designed specifically for beginners with a very simple buy/sell interface, no trading charts, and one-tap crypto purchases. It is the most downloaded crypto app in India.

Question 2

Is CoinSwitch registered and regulated in India?

Accepted Answer

Yes. CoinSwitch is registered with FIU-IND and compliant with Indian regulations. It is backed by major investors including a16z, Sequoia India, and Ribbit Capital, making it one of the most well-funded Indian crypto platforms.

Question 3

Does CoinSwitch automatically deduct TDS?

Accepted Answer

Yes. CoinSwitch automatically deducts 1% TDS on qualifying sell transactions and provides TDS certificates. Your TDS appears in Form 26AS and can be claimed as advance tax when filing ITR.

Question 4

What are CoinSwitch trading fees?

Accepted Answer

CoinSwitch charges no explicit trading fee but earns through a spread (difference between buy and sell price). For small investments, this is convenient but may be higher cost than exchanges with explicit low fees at large volumes.

Question 5

Can I do SIP on CoinSwitch?

Accepted Answer

Yes. CoinSwitch offers a "Crypto SIP" feature for automatic weekly or monthly crypto purchases. You can set up a SIP from as low as ₹100 per week across BTC, ETH, and other top coins.

Question 6

How do I calculate tax on CoinSwitch transactions?

Accepted Answer

Download your CoinSwitch trade history from the app under Profile → Statements → P&L Report. Use the data with our Crypto Tax Calculator to compute your 30% + 4% cess liability under Section 115BBH.

Maker Fee	0.25% (spread)
Taker Fee	0.25% (spread)
INR Deposit Methods	UPI, Bank Transfer
INR Withdrawal Fee	₹0 (UPI)
Crypto Withdrawal Fee	Not supported (INR only)
KYC Required	Yes — mandatory
TDS Handling	✅ Auto-deducted

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