QUESTION
What is the CoinSwitch app and how does it work?
ANSWER
CoinSwitch is a cryptocurrency exchange aggregator platform that provides users with the ability to trade various cryptocurrencies across multiple exchanges. When a user wants to make a trade, CoinSwitch compares rates across these platforms and presents the user with the best possible options, streamlining the process of finding favorable exchange rates. Users can trade Bitcoin, Ethereum, Ripple, and many other digital currencies without needing to create an account on multiple exchanges. They simply select the cryptocurrency they wish to exchange, choose the pair, and enter their wallet address. CoinSwitch then facilitates the transaction through a partner exchange that offers the best rate, and the coins are directly sent to the provided wallet address once the trade is complete.
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