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

Trying to choose between Coinswitch and Changenow 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

Coinswitch

Changenow

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Available Countries

United States

Europe

Yes

Latin America

Yes

India

Yes

China

Canada

Yes

United Kingdom

Yes

United States

Yes

Europe

Yes

Latin America

Yes

India

China

Yes

Canada

Yes

United Kingdom

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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.

Changenow is ideal if:

You value privacy and self-custody — ChangeNOW is non-custodial and doesn’t require registration for most swaps, keeping you in full control of your funds.
You seek convenience and speed — It enables fast, no-account-needed swaps across a wide range of cryptocurrencies, ideal for quick, frictionless trades.
You want flexibility to upgrade — With ChangeNOW Pro, you can access optional perks like cashback, enhanced security, and better transaction tools when you're ready to level up.

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.

Changenow isn’t ideal if:

You want advanced trading features — If you're into charting tools, order types, margin, or futures, ChangeNOW's simple swap interface might feel too basic.
You expect swift, direct support — Without live chat or phone options, help is slower, often via tickets or messaging channels.
You prioritize strict regulation — ChangeNOW operates without formal licensing from leading financial regulators, which may concern users who value regulatory oversight.

Fees & Total Costs

Spot Maker/Take

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.

ChangeNOW doesn’t operate with traditional maker/taker fee tiers—its costs are embedded in floating (or optionally fixed) exchange rates that vary by currency pair and volume, with no public tier schedule or explicit native-token discounts, though using the NOW token can yield rebate perks through cashback mechanisms.

Futures/Derivatives

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.

ChangeNOW does not currently offer futures or derivative trading, so there are no maker/taker or funding fees of that type.

Average Spreads on Liquid Pairs

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.

While ChangeNOW doesn’t publish spread data, it sources liquidity from partners and embeds margin within the quoted floating rate—spreads are typically competitive and dynamically adjusted based on real-time market conditions.

Fiat Deposits & Withdrawals

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.

Fiat purchases on ChangeNOW are facilitated through third-party providers (e.g., Simplex, Transak, Guardarian) using Visa or Mastercard; fees depend on the provider (typically a few percent), and processing times range from near-instant to several minutes.

On-chain Withdrawals

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.

ChangeNOW doesn’t charge separate withdrawal fees—network (mining) fees are passed through as dynamic costs based on the chosen blockchain (e.g., BTC, ETH, TRX), reflected in the quoted rate rather than stated separately.

Hidden Costs

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.

ChangeNOW doesn’t impose inactivity penalties or hidden fees; currency conversion and network fees are included in the exchange quote, and express KYC (if triggered) depends on transaction specifics, with any associated costs transparently presented before confirmation.

Real-World Cost Example: “€500 BTC

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.

Suppose you buy €500 worth of BTC via ChangeNOW’s fiat gateway—the quote would include the provider’s purchase margin (around a few percent), underlying spread to liquidity, and on-chain sending fee, all bundled in the total you see before confirming purchase.

Crypto Offering & Trading Features

Number of Coins & Pairs

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.

ChangeNOW supports over 1,225 cryptocurrencies and more than a million exchange pairs, giving you access to virtually any major or niche token in the market.

Product Range

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.

ChangeNOW offers instant spot swaps, non-custodial swaps, native wallet staking, and crypto-backed loans via ChangeNOW Pro, but it does not currently provide margin, perpetuals, options, ETFs, copy trading, grid bots, or automatic DCA.

Liquidity

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.

Liquidity is aggregated through multiple exchange partners, ensuring robust 24-hour volumes and order depth for major assets like BTC and ETH—even though precise statistical metrics are not publicly disclosed.

Tools

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.

The platform refrains from offering advanced tools—no limit, stop, OCO orders, custom alerts, charting, TradingView integration, or APIs are openly provided; its focus is on simplicity and instant swaps rather than complex trading infrastructure.

Geographic Restrictions by Product

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.

As a swap-first platform, ChangeNOW does not typically impose product-based geographic blocks, but advanced features like Pro loans or staking may have regional restrictions depending on local compliance and third-party partner availability.

Innovation

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.

While ChangeNOW lacks crypto ETFs or launchpad offerings, it has innovated in token utility—offering automatic staking of its native NOW token in Pro accounts, flexible crypto loans collateralized with major coins, and easy wallet-integrated staking in NOW Wallet.

Security, Regulation & Custody

Operating Entity & Jurisdiction

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.

ChangeNOW is operated by CHN Group LLC, registered in Saint Vincent and the Grenadines, with roots dating back to 2017 and additional administrative presence in the Netherlands. (Information compiled from official sources.)

Licenses/Registration

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.

While it doesn’t hold specific exchange licenses or operate as a regulated VASP (Virtual Asset Service Provider) under frameworks like MiCA, ChangeNOW complies with global AML/KYC mandates by triggering identity checks when its risk engines flag transactions.

Custody

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.

The platform is primarily non-custodial—users send and receive directly from their own wallets—but offers optional custodial service via ChangeNOW Pro Custody (a hot wallet model). It does not publicly share PoR, audit results, or precise cold storage ratios.

Insurance & Protection Funds

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

There’s no public mention of insurance coverage or dedicated asset protection funds, though ChangeNOW demonstrates active anti-fraud and risk-response measures when unauthorized activity is detected or reported.

Incident History

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

ChangeNOW has a strong track record of catching suspicious transactions in real time—successfully halting and assisting recovery of funds in cases like SIM-swap thefts and phishing scams, working with law enforcement to return millions to victims.

Risk Controls

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.

The platform enforces automated AML checks, address whitelisting for Pro users, and KYC triggers as needed. However, it doesn’t offer typical user security features such as 2FA, sub-accounts, granular API permissions, or anti-phishing tools.

Transparency

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.

ChangeNOW publishes trust-focused updates—highlighting recovered funds and AML activity—but does not provide continuous transparency tools like public wallets, monthly reserve reports, or service-level agreements (SLAs).

Deposits, Withdrawals, KYC & Support

Fiat Deposit Methods

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.

ChangeNOW facilitates fiat-to-crypto purchases through third-party partners such as Simplex, Transak, and Guardarian, enabling payment via Visa/MasterCard, Apple/Google Pay, SEPA, SWIFT, PIX, Revolut, and more. Minimum purchase amounts typically start around $50 (or equivalent), with no firm maximum on classic exchanges, and most transactions finalize within minutes though timing can vary by provider and method.

Supported Fiat Currencies & Conversion

KYC (Verification Levels)

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.

ChangeNOW generally operates registration-free and KYC-free for smaller transactions, but it may prompt identity verification via its third-party partner if transactions are large or flagged. Completing KYC under the Pro tier unlocks higher transaction and withdrawal limits, rate advantages, and additional Pro features, with verification typically processed in minutes.

Withdrawals

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.

On-chain crypto withdrawals occur across supported networks—like ERC-20, TRC-20, BEP-20, etc.—and are processed in real time based on network conditions; there are no preset withdrawal limits for classic exchanges, though Pro users may benefit from elevated thresholds.

Customer Support

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.

ChangeNOW offers 24/7 customer support via live chat and email/ticket systems, backed by a comprehensive help center. Response times are generally quick (particularly via live chat), and its self-help knowledge base covers most common topics—though dedicated response patience may vary depending on case complexity.

Languages & Localization

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.

The platform supports multiple languages (around 15) and displays pricing in common fiat formats (€, $, etc.), offering localized experiences in many regions; however, availability of features and compliance may differ by jurisdiction.

App Quality & Stability

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.

The ChangeNOW mobile apps are available on Android and iOS and deliver a streamlined experience for swaps; while formal crash-rate data isn’t public, user rankings are strong (around 4.7–4.8/5 on app stores), and the app receives regular updates to enhance performance and fix bugs.

Experience, Performance & Ecosystem

UX/UI

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.

The platform features a clean, intuitive interface ideal for beginners—swaps proceed in just a few clicks—while the Pro tier introduces a richer dashboard with transaction history, analytics, cashback tracking, and more advanced features tailored to power users

Performance

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.

ChangeNOW delivers near-instant swap execution thanks to its aggregator model, even during volatile periods; KYC processing within Pro remains efficient, and there’s no known backlog during bull-market surges.

Education

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.

While there’s no formal academy or simulation tools, ChangeNOW provides educational articles (especially via its blog) covering topics like crypto strategy and security practices—though Spanish content appears limited

Community

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.

Community engagement centers around Telegram, Twitter Spaces AMAs, and blogs; additionally, ChangeNOW rewards referrals with customizable affiliate links offering commission—developers and partners can integrate swaps via widget, API, or bot for seamless referrals

Integrations

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.

ChangeNOW offers a robust API with 99.99% uptime and sub-second response times, enabling integration into bots, widgets, or partner platforms; while there’s no native TradingView or tax tool, users can export swap history via CSV for external accounting or analytics

Who Each One Is Best For

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.

The platform shines for users who seek fast, private, no-frills crypto swaps—regular users will appreciate the simplicity of the Lite experience, while frequent traders and businesses benefit from Pro’s added tools, cashback, loans, and AML features.