Coinmama vs Coinswitch: Fees, Security, Features & Which to Choose (2025)

Trying to choose between Coinmama and Coinswitch This side-by-side comparison reveals total cost (fees + spreads), security & licenses, coins/derivatives, deposits/withdrawals, and app quality. In 2 minutes you’ll see who wins for beginners, active traders, and long-term holders. Clear pros/cons, a quick verdict, and safe links to get started.

Last updated on August 16, 2025

Coinmama

Coinswitch

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Available Countries

United States

Yes

Europe

Yes

Latin America

Yes

India

Yes

China

Yes

Canada

Yes

United Kingdom

Yes

United States

Yes

Europe

Yes

Latin America

Yes

India

China

Yes

Canada

Yes

United Kingdom

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Coinmama is ideal if:

Effortless for beginners — Streamlined, no-frills interface lets you buy crypto and send it straight to your own wallet in just a few taps.
Global and flexible — Available in nearly 190 countries with a wide range of local payment methods to suit diverse needs.
Built for safety and autonomy — Non-custodial model means you always control your funds, supported by robust regulatory compliance and encryption.

Coinswitch is ideal if:

Perfect for quick, hassle-free trades — its aggregator model lets you instantly compare and access the best prices across multiple exchanges without managing several accounts.
Great for beginners and casual users — ultra-simple interface, fast KYC, and mobile support make it easy to get started and trade on the go.
Handy for privacy-focused and non-custodial users — you keep control over your assets, with no need to deposit funds into the platform itself.

Coinmama isn’t ideal if:

Not for advanced traders — Lacks tools like charts, limit orders, and margin trading, making it unsuitable if you need sophisticated trading features.
Limited crypto variety — Offers a relatively small selection of coins, which may frustrate users looking for broader portfolio options or niche tokens.
No built-in wallet or phone support — You must use your own external wallet for storage, and customer support lacks direct phone access for urgent communication.

Coinswitch isn’t ideal if:

You need advanced trading tools — CoinSwitch’s aggregator model doesn't offer structured margin trading, charting, or deep order book functionality.
You expect full transparency on fees — its fees are embedded in the quoted rates, which may feel less clear than openly itemized costs.
You rely on ready access to fiat withdrawals — crypto-to-fiat conversions and bank withdrawals might be slower or less seamless than full-fledged exchange platforms.

Fees & Total Costs

Spot Maker/Take

Coinmama doesn’t operate with traditional maker/taker tiers based on order book liquidity—instead, it charges a flat commission plus a built-in spread, with loyalty-based fee reductions (up to around 25% off) for users who reach certain cumulative spending thresholds over time.

CoinSwitch applies a tiered fee model for spot trading where fees decrease as your 30-day trading volume grows—casually higher at entry-level tiers, tapering gradually for higher volumes to reward active traders, without locking you into token-based discounts.

Futures/Derivatives

Coinmama currently does not offer futures, margin, or derivative trading, so there are no related maker, taker, or funding costs involved.

On CoinSwitch PRO, perpetual futures contracts include distinct maker and taker costs—maker being lower than taker—and although explicit funding rates aren’t publicly outlined, they operate as standard for perpetual contracts, adjusting with market conditions and applied periodically.

Average Spreads on Liquid Pairs

While specific spread numbers aren’t publicly listed, Coinmama embeds a markup—commonly known as a spread—within the quoted rate on top of its commission, meaning any trade price you see already includes a buffer above market mid-price.

Although specific spread figures aren’t published, CoinSwitch leverages aggregated liquidity from multiple venues, so spreads on major pairs like BTC/USDT or ETH/USDT tend to be competitive, reflecting real-time best market prices sourced from deeper pools.

Fiat Deposits & Withdrawals

You can fund your account via bank transfers (SEPA, SWIFT, Open Banking) or card/e-wallets (Visa/Mastercard, Apple Pay, Google Pay, Skrill), with free options for some bank channels and a percentage-based “express fee” for cards and wallets; Fiat withdrawals are sent back to your original payment method, typically taking one to several business days to process.

Fiat transactions are handled via standard banking channels (like transfers or UPI/net banking), offering reliable but somewhat slower processing, with modest cost differences depending on method—fast and instant options are often available but may incur slightly higher charges.

On-chain Withdrawals

Crypto withdrawals to your own wallet are facilitated without extra platform fees, but actual network fees apply and depend on the blockchain (e.g., Bitcoin, Ethereum, Tron), varying dynamically with network congestion and gas rates.

Crypto withdrawals—when accessible—are priced according to network demand, meaning fees adapt dynamically (e.g. BTC, ETH, TRX), rather than being pegged to fixed amounts, helping align closely with actual blockchain conditions.

Hidden Costs

Additional implicit costs may come from currency conversion if using non-fiat-native methods or local currency—plus small surcharges for instant payments through certain methods—while there are no inactivity fees and identity verification is required but generally included as part of the signup process, not as a premium service.

Users should stay aware of currency conversion spreads when moving between fiat or crypto pairs, fees tied to prolonged inactivity or expedited KYC processes, and possible deviations embedded in quoted prices that may not appear separately itemized.

Real-World Cost Example: “€500 BTC

If you buy €500 worth of Bitcoin, the price you pay includes Coinmama’s commission and built-in spread, and sending that BTC to your wallet means you’ll also incur the standard blockchain network fee—but there are no surprises beyond the displayed total at checkout.

Buying approximately 500 EUR worth of BTC would involve the spot fee applied to that amount, plus any spread embedded in the purchase price, and then the chosen method’s withdrawal or network cost; in practical terms that means slightly less than 500 EUR in BTC once all trading and transfer costs are accounted for.

Crypto Offering & Trading Features

Number of Coins & Pairs

Coinmama offers over 40 cryptocurrencies in total, including around 19 of the top 30 by market cap. Its top-20 by volume mainly include familiar names like Bitcoin (BTC), Ethereum (ETH), Tether (USDT), BNB, Solana (SOL), XRP, and others, ensuring exposure to the most traded assets.

CoinSwitch offers access to hundreds of cryptocurrencies—figures vary between 250+ to 650+ depending on the platform tier—and more than 45,000 trading pairs in total, with the top 20 by volume typically including major assets like BTC/USDT, ETH/USDT, SOL, ADA, and BNB on CoinSwitch PRO.

Product Range

Coinmama focuses exclusively on spot purchases and simple swaps—offering no margin, perpetuals, options, ETFs, staking programs, loans, copy trading, grid bots, or automatic DCA functionality.

Users can trade spot and perpetual futures (no margin) and now have access to crypto options with flexible expiries; original aggregator features include SIP (automated regular buys), SmartInvest, and advanced API functionality, while products such as ETFs, staking, loans, copy-trading, grid bots, or automated DCA aren’t supported.

Liquidity

Being a broker rather than an exchange, Coinmama doesn’t display order books or real-time volume data for pairs like BTC or ETH; liquidity is assured through its own inventory, making market depth and 24-hour volumes internal and not publicly shown.

While CoinSwitch doesn’t maintain its own order book, it taps into partner exchanges to deliver deep liquidity, especially on BTC and ETH pairs—ensuring solid 24-hour volume and book depth via aggregated sources, even though precise volume figures aren’t publicly disclosed.

Tools

Coinmama offers none of the typical advanced trading tools—there are no limit, stop, or OCO orders, no alerts, no charting interface, no public API or WebSockets, and no native integration with TradingView for analysis.

The PRO interface includes essential order types like market, limit, and stop-loss (plus OCO in some cases), integrated TradingView charts, real-time alerts, and a robust API/WS setup for both spot and futures—though native TradingView remained limited to charting without full platform integration.

Geographic Restrictions by Product

All of Coinmama’s services are globally accessible where regulations permit; no additional products like derivatives or margin are available anywhere, so there are no region-specific product restrictions beyond general country bans.

Advanced instruments such as futures and the newly launched crypto options are generally limited to Indian users or select jurisdictions; more restrictive regions may only have access to basic spot aggregation services, not derivative products.

Innovation

Coinmama doesn’t support features like launchpad or launchpool initiatives, nor does it offer flexible or locked earning programs—its current setup remains strictly focused on one-time fiat-to-crypto purchases without ongoing yield products.

CoinSwitch continues innovating with features like crypto options offering multiple expiry choices, and varied investment tools like SIP and SmartInvest; however, traditional forms like launchpads, launchpools, flexible vs locked yield programs remain absent from its ecosystem.

Security, Regulation & Custody

Operating Entity & Jurisdiction

Coinmama is operated by a regulated company incorporated in Ireland (originally founded in Israel in 2013) and is part of Wellfield Technologies, with its current main base in Vancouver, Canada.

CoinSwitch is operated by operating entities such as Bitcipher Labs LLP (and related entities), incorporated in India and headquartered in Bengaluru, and has been active since its founding in 2017, serving as one of the country’s primary crypto platforms.

Licenses/Registration

Coinmama is registered as a Money Services Business (MSB) with the U.S. Financial Crimes Enforcement Network (FinCEN) and also compliant with Canadian regulation under FINTRAC, ensuring proper oversight in these key jurisdictions.

The platform is registered with India’s Financial Intelligence Unit (FIU-IND) and complies with KYC, AML, and CFT regulations; it also holds ISO/IEC 27001:2022 certification for its data security framework.

Custody

Coinmama operates on a non-custodial model—meaning you always control your crypto, as they don’t hold tokens on your behalf—and there is no public proof of reserves, auditing statements, or disclosed cold-storage ratios.

Custody is managed via trusted third-party custodians using multi-party computation (MPC) safeguards and encrypted cloud infrastructure; CoinSwitch publishes regularly audited Proof of Reserves reports that consistently show it holds assets equal to or exceeding client holdings.

Insurance & Protection Funds

The platform does not advertise any insurance or user fund protection schemes, so users rely primarily on Coinmama’s non-custodial approach for the safety of their crypto holdings.

There is no public mention of any insurance policy or dedicated protection fund for user assets beyond standard safeguards and reserve backing.

Incident History

Coinmama experienced a data breach in 2019, involving compromised emails and hashed passwords of older accounts; since then, no major hacks or regulatory penalties have been reported publicly.

There are no notable past incidents of hacks, service suspensions, freezes, or regulatory fines reported for CoinSwitch, indicating a clean security track record.

Risk Controls

Security measures include two-factor authentication (strongly recommended for users), but Coinmama does not currently offer advanced features like address whitelisting, anti-phishing layers, sub-accounts, or granular API permissions.

To protect user assets, CoinSwitch enforces two-factor authentication (2FA), PIN or biometric app locks, SSL/TLS encryption, anti-phishing measures, and secure API key management; however, support for sub-accounts or API permission granularity is not prominently featured.

Transparency

The exchange does not provide transparent, publicly available reports like monthly proof-of-reserves, accessible wallet addresses, or service-level agreements for uptime—but emphasizes clarity about its regulatory standing and verification processes.

CoinSwitch demonstrates transparency through independently reviewed Proof of Reserve publications and publishes reserve audits; while live wallet addresses are sometimes shared, there’s no formal SLA or regular monthly user reports.

Deposits, Withdrawals, KYC & Support

Fiat Deposit Methods

You can fund your Coinmama account using bank transfers, credit/debit cards, and e-wallets (like Skrill or Neteller), as well as regional systems such as Giropay, PIX, and PSE, with minimum amounts usually starting around $5–$20 and daily or monthly maximums tied to your verification level; processing times vary by method, with cards and e-wallets instantly crediting your account and banks typically taking longer.

The platform supports Indian users primarily with UPI and bank transfers, offering straightforward deposit flows with rapid crediting; there are generally no stated minimums or maximum limits, yet processing can take up to 24–48 hours in edge cases.

Supported Fiat Currencies & Conversion

KYC (Verification Levels)

Verification is tiered

Identity verification is quick and streamlined through a video-KYC process; most users complete a single KYC tier sufficient to unlock full trading capabilities—there are no distinct “basic” or “advanced” tiers publicly outlined, and limits are implied rather than formally segmented.

Withdrawals

Crypto withdrawals are sent directly to your own wallet and incur only the standard blockchain fee; fiat withdrawals return funds through the original payment method, with a minimum typically around $30 and timing dependent on the payout channel.

Withdrawals are available via supported networks such as ERC-20 or TRC-20 where applicable; timing is generally swift once initiated, though specific withdrawal ceilings aren’t transparently listed and depend on network conditions and anti-fraud checks.

Customer Support

Support is available 24/7 via live chat and email, backed by a rich knowledge base and academy content for self-help—though phone support isn’t offered, allowing generally quick replies and practical guidance.

Support includes 24/7 availability through in-app chat, email ticketing, and a dedicated FAQ hub that handles common issues; response times vary but generally resolve routine inquiries promptly, with clear procedural guidance available online.

Languages & Localization

The platform’s interface is primarily in English, but supports multiple fiat currencies (like €/USD/GBP) for display, and adapts payment options and compliance to match local regulatory requirements across different countries.

The interface is fully English and tailored for Indian users with INR display and local payment integration; fees appear in INR though sometimes mirrored for understanding in USD/EUR, and regulatory messaging aligns with Indian compliance norms.

App Quality & Stability

Coinmama operates via a web-based service and does not offer a mobile app; while the website is reliable and regularly updated, there’s no downloadable application to discuss in terms of stability or crash performance.

CoinSwitch’s mobile app receives frequent updates, with recent versions focused on improved UI, enhanced security, performance optimization, and greater stability; overall, the app is robust and reliable for daily trading.

Experience, Performance & Ecosystem

UX/UI

Coinmama uses a clean, modern web interface that’s highly intuitive—there’s no Lite or Pro toggle, keeping it straightforward and instantly approachable for newcomers who just want to buy crypto quickly.

The mobile app provides a clean, intuitive interface designed for instant onboarding, ideal for beginners, while CoinSwitch PRO caters to advanced users with a denser, more data-rich screen optimized through a recent redesign for better structure and faster coin discovery.

Performance

Purchases are generally processed swiftly after payment confirmation, with minimal order latency even during busy periods; KYC processes remain efficient, and there’s little evidence of significant delays during bull runs.

An enhanced matching engine powers faster trade executions and clear pre-trade pricing details, helping reduce lag even during volatile periods; historically, the platform maintains stability under load with no widely reported outages or excessive KYC delays.

Education

Coinmama offers a helpful Academy hub with beginner-friendly articles in English, though it lacks demo trading tools or simulators, and currently doesn’t provide education content in Spanish.

CoinSwitch maintains an active content hub featuring educational video series on futures and options, beginner-friendly explainers, and technical analysis blogs; however, while rich in English, the platform lacks Spanish-language learning resources or a full demo/simulator environment.

Community

While Coinmama doesn’t host an official forum or Discord, it does run a robust affiliate/referral program with tools and dashboards, fostering a grassroots community of promoters rather than active chat groups.

The platform fosters an engaged user base through its newsletter updates, educational blogs, and community-driven feedback programs, and offers a referral program rewarding both users and friends, though there’s no official presence on Discord or public forum channels.

Integrations

The platform remains minimalist with no external integrations—there’s no TradingView, bot support, tax accounting tools, or bookkeeping connectors, keeping the focus purely on one-click fiat-to-crypto purchases.

CoinSwitch PRO supports API trading with robust endpoints for spot and futures, including features like arbitrage-finder; it doesn’t yet offer native TradingView chart embeddings, external bot support, tax-specific integrations, or accounting tools.

Who Each One Is Best For

This platform excels for buyers who value simplicity and speed, especially beginners; advanced traders seeking analytics, automation, or educational languages beyond English may prefer more feature-rich alternatives.

CoinSwitch suits beginners and long-term investors who value simplicity, trust, and educational support, with PRO attracting semi-professionals or tech-savvy traders; full-fledged traders or institutional users seeking highly customizable tools may find the platform’s ecosystem still maturing.