Coinw vs Switchere: Fees, Security, Features & Which to Choose (2025)

Trying to choose between Coinw and Switchere 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

Coinw

Switchere

⚠️ We look for what’s best for you.

₿ Getting into crypto? With eToro you can start in minutes: buy/sell top coins, set recurring buys, track markets, and use Social/CopyTrader features.

👉 Start here and explore the crypto offer.

Available Countries

United States

Europe

Yes

Latin America

Yes

India

China

Canada

United Kingdom

Yes

United States

Yes

Europe

Yes

Latin America

Yes

India

China

Canada

Yes

United Kingdom

Thinking about starting with crypto? This is for you.

In select regions, eToro offers a $10 welcome bonus when you open an account today.*

🎯 An account built to help you start with crypto—without the hassle.

➕ Buy and sell top cryptocurrencies in minutes

➕ Recurring buys, price alerts, and advanced charts

➕ Social/CopyTrader™ to follow experienced investors

➕ One of the largest and most trusted platforms worldwide

Limited-time promotion — still available.

*Offer subject to terms, eligibility and regional availability. Don’t invest unless you’re prepared to lose all the money you invest.

Coinw is ideal if:

Power-hungry trader? CoinW combines spot, futures (up to 200× leverage), ETFs, copy-trading, and automated bots—making it a strong fit if you value advanced, diverse trading tools.
Seeking passive income? It supports staking, crypto-earning programs, P2P, mining pools, and structured rewards—great if you like to earn on assets while you trade.
Global coverage matters? With multilingual support, services in over 120–200 countries, and localized trading centers, CoinW caters well to international users outside restricted zones.

Switchere is ideal if:

Effortless fiat-to-crypto gateway – ideal if you want a no-fuss, speedy way to convert USD or EUR into crypto using cards or online banking, with funds delivered directly to your wallet.
Friendly for total beginners – offers a streamlined, intuitive platform that removes complexity, making it a welcoming entry point into crypto for new users.
Regulated and non-custodial setup – delivers peace of mind through legal compliance and ensures you retain control of your crypto by sending purchases straight to your own wallet.

Coinw isn’t ideal if:

You rely on fiat-to-crypto pairs: CoinW doesn’t offer direct trading between fiat and crypto—if that’s essential, this platform may not suit your needs.
You value top-tier customer support or insurance: Users often note limited support channels and the absence of fund insurance or proof of reserves.
You prefer strongly regulated exchanges: CoinW lacks robust licensing in many territories and experienced a security breach—so cautious traders might pass.

Switchere isn’t ideal if:

Limited crypto selection – if you're looking for a broad portfolio that includes niche altcoins, Switchere only offers a basic range of major tokens.
Premium pricing for convenience – the platform’s streamlined experience comes with higher-than-average purchase costs, which may deter budget-conscious users.
Browser-only access – no dedicated mobile app means you’ll need to navigate the platform via web browser on phones and tablets, which could affect convenience for on-the-go use.

Fees & Total Costs

Spot Maker/Take

CoinW’s spot fees begin at a standard rate (around 0.2% for both maker and taker), with reductions available through a VIP program tied to holdings of its native token (CWT)—higher VIP levels yield notably lower rates, down to as low as 0.01%.

Switchere primarily serves as a straightforward “buy crypto” service rather than a traditional exchange, so it doesn’t offer maker/taker fee tiers by volume or discounts for using a native token—it simply charges a built-in processing fee for every transaction.

Futures/Derivatives

Futures trading features a flat maker fee of 0.01% and taker fee of 0.06% across all pairs, complemented by periodic funding fees applied to perpetual contracts based on current rates.

Switchere does not support derivatives or futures trading, so there are no maker/taker fees or funding rates to consider.

Average Spreads on Liquid Pairs

While exact spreads aren’t published, highly liquid pairs like BTC/USDT and ETH/USDT generally enjoy narrow spreads, making them cost-efficient for active spot and futures trading.

There’s no transparent order book or spread data since you purchase directly via a widget; the cost is embedded in the exchange rate presented at time of purchase.

Fiat Deposits & Withdrawals

Fiat can be deposited via third-party credit/debit services (no bank transfers), with fees and processing times subject to the provider—not the exchange—but usually processed relatively quickly; withdrawal options may be limited and depend on region and method.

You can pay using credit/debit cards, Apple Pay, Google Pay, SEPA/instant bank transfers—fees and processing speeds vary by method, and cashouts are not handled since crypto goes straight to your wallet.

On-chain Withdrawals

Crypto withdrawals incur dynamic network-based fees that vary by blockchain (e.g., BTC, ETH, TRX), adjusting to reflect current congestion rather than employing fixed flat rates.

Switchere doesn’t charge separate withdrawal fees

Hidden Costs

Beyond visible trading fees, you may encounter subtle costs such as currency conversion charges when using fiat, potential inactivity or maintenance fees, premium or expedited KYC offerings, or trading-tool access fees that are not always clear at first glance.

The platform clearly displays all fees before confirmation; there are no extra charges for inactivity, fast-track KYC, or currency conversions—you just pay the visible processing plus the network fee.

Real-World Cost Example: “€500 BTC

If you purchase €500 of BTC, total cost might include a spot trading fee (a percentage deducted from the €500), a small spread between buy and sell price, and an on-chain withdrawal fee based on the crypto network—together defining the effective conversion cost.

You’d see a single total cost that includes the platform’s processing fee and the blockchain cost—everything is bundled into the final euro-to-BTC rate shown at checkout.

Crypto Offering & Trading Features

Number of Coins & Pairs

CoinW supports over 1,000 cryptocurrencies and more than 500 spot trading pairs, with the most active comprising BTC/USDT, ETH/USDT, SOL/USDT, ETH/USDC, and XRP/USDT among the top by daily volume.

Switchere supports over 180 cryptocurrencies, covering a wide variety of tokens from major coins to DeFi, GameFi, and utility assets; the most traded usually include Bitcoin, Ethereum, Tether, Solana, and Cardano.

Product Range

The platform offers a wide suite of tools including spot, futures/perpetuals, crypto ETFs, staking or “earn” features, P2P and OTC access, grid trading bots, Auto-Invest (DCA), and both spot and futures copy-trading; loan or margin offerings are implied through futures and ETF leverage.

The platform focuses exclusively on spot purchases—there’s no margin, derivatives, options, ETFs, staking/earn programs, loans, copy trading, grid bots, or automated DCA services available.

Liquidity

CoinW shows robust activity, with 24-hour volumes ranging significantly—commonly in the multi-billion-dollar range—and BTC/USDT typically commands the bulk of liquidity; order-book depth isn’t directly visible to users but is implied to be strong behind top pairs.

As a fiat-to-crypto gateway rather than an order-book exchange, Switchere does not provide public 24-hour volume or order book depth metrics for BTC or ETH pairs.

Tools

Users can access advanced tools such as limit, stop, and OCO orders, automated trading strategies via bots, portfolio alerts, and API/real-time data interfaces; while details on native TradingView aren’t confirmed, the platform emphasizes rich charting and automation features.

There are no advanced order types like limit, stop, or OCO; nor are there alerts, in-platform charting tools, API/WS access, or native TradingView integration.

Geographic Restrictions by Product

Some features—especially derivatives and certain trading tools—are restricted in jurisdictions such as the United States and possibly others, with eligibility depending on user location and local regulations.

While Switchere is broadly available across many regions, advanced trading tools simply don’t exist anywhere, so there are no geographic restrictions in that sense—everyone has the same (limited) functionality.

Innovation

CoinW continues to expand its offering with Launchpad or similar token-launch events, flexible “Smart Earn” options, and Auto-Invest (DCA) features—designed to support both active and passive users in building diversified strategies.

The platform currently does not offer launchpads, launchpools, flexible vs locked earn programs, or similar innovation-driven products—it remains strongly rooted in streamlined fiat-to-crypto simplicity.

Security, Regulation & Custody

Operating Entity & Jurisdiction

CoinW is operated by a company founded in 2017 and legally registered in St. Vincent and the Grenadines, with its operational headquarters now located in Dubai (UAE), reflecting its dual presence across offshore registration and MENA-based operations.

Switchere is operated by SH EUROPE UAB (and services are provided by PayBis Poland Sp. z o.o.), with its legal foundation in Lithuania (HQ in Vilnius) and operations regulated under Estonian jurisdiction—creating a dual-layer structure that combines Lithuanian incorporation with Estonian oversight.

Licenses/Registration

The exchange holds a license from the Financial Services Authority of St. Vincent and the Grenadines and has secured a digital currency trading services license with Australia’s AUSTRAC; it is also actively engaging with Dubai’s VARA toward obtaining VASP accreditation.

The platform holds virtual currency service licenses from Estonia’s Financial Intelligence Unit, affirming legal compliance under EU standards for handling cryptocurrency exchanges and wallet operations.

Custody

CoinW employs its own custody via a multi-layered framework including cold–hot wallet separation, multi-signature and multi-party computation for key security, plus real-time integrity monitoring; however, it has yet to provide public proof-of-reserves or detailed audit data.

Switchere operates as a non-custodial gateway—crypto assets are sent directly to your personal wallet rather than held under its control, with no public proof-of-reserves or cold storage disclosures, as it does not hold funds itself.

Insurance & Protection Funds

Beyond its deep integration with third-party security provider CoinCover—which offers real-time fraud protection and enhanced asset defense—the platform does not publicly disclose a dedicated insurance fund or compensation scheme for user losses.

There are no publicized funds or insurance schemes to cover user balances, as the model avoids custodial risks by transferring all assets directly to users’ personal wallets.

Incident History

In 2023 CoinW suffered a notable security breach involving approximately $13 million in losses; in response, it swiftly strengthened its setup with MPC wallets and intensified monitoring and emergency response systems to bolster security posture.

To date, there are no widely reported hacks, suspension events, or major regulatory penalties associated with Switchere; it maintains a comparatively incident-free record.

Risk Controls

Users benefit from comprehensive risk controls such as multiple 2FA options, withdrawal whitelists, anti-phishing features, IP and behavior-based anomaly detection, and layered security for API access—though some features require manual activation.

The platform employs industry-standard security measures—including SSL/TLS encryption, 3D Secure for card payments, and mandatory identity verification via AML/KYC—however, features like 2FA, whitelists, or granular API permissions are not prominently offered.

Transparency

While CoinW emphasizes its proactive security stance and compliance, the platform does not currently offer monthly transparency reports, public wallet addresses, or formally published SLAs, which limits independent verification of operations.

Switchere provides clear upfront cost disclosures and limit tiers, but lacks public monthly transparency reports, publicly viewable wallet addresses, or guaranteed service-level agreements (SLA) for operations.

Deposits, Withdrawals, KYC & Support

Fiat Deposit Methods

CoinW allows fiat deposits through third-party gateways like ADVcash, Mercuryo, ITEZ, and Alchemy Pay—covering digital wallets, bank transfers, and card payments with region-dependent minimums (e.g., from ~$15) and typically near-instant execution via these providers.

You can fund purchases using debit or credit cards (Visa, Mastercard, Maestro), SEPA transfers, and even e-wallets like Neteller or M-Pesa, with typical deposit times ranging from 5 to 30 minutes depending on the method, and flexible per-transaction limits based on your verification level.

Supported Fiat Currencies & Conversion

KYC (Verification Levels)

CoinW offers tiered verification

There are tiered verification levels—basic (no documentation required) lets you transact up to around €700 monthly, ID/address verification raises limits to around €15,000, and adding proof of income unlocks effectively unlimited purchasing power.

Withdrawals

Withdrawal limits increase with KYC level; processing times may include security hold periods like T-plus intervals; supported networks vary per asset, but typically include common chains such as ERC-20, TRC-20, BEP-20, with fees and availability shown at withdrawal time.

Since Switchere operates as a non-custodial fiat-to-crypto service, there’s no direct “withdrawal” feature—instead, purchased crypto is instantly sent to your own wallet on relevant networks (e.g., ERC-20), subject only to the built-in blockchain fee.

Customer Support

CoinW offers around-the-clock customer service via live chat and email, backed by an online help center and FAQs—though exact response times vary depending on workload and query complexity.

Support is available around the clock via live chat and email, typically responding quickly, and is supplemented by an in-app FAQ/knowledge base to guide you through common questions and transaction flows.

Languages & Localization

The platform supports multiple languages with a fully English-native interface, displays amounts in USD or EUR when relevant, and tailors services with regional fiat options and compliance aligned to user jurisdiction.

The platform supports multiple languages (including English, Spanish, French), displays prices in your local fiat (EUR or USD), and adjusts payment options based on your region to maintain regulatory compliance.

App Quality & Stability

The CoinW mobile app is regularly updated across iOS and Android, with good reported stability and infrequent app crashes—enhanced by performance improvements deployed in recent versions to streamline the trading experience.

Switchere offers a mobile app for both Android and iOS, noted for its simple, smooth interface; while user reviews suggest occasional crashes, it is regularly updated, providing a dependable experience for on-the-go users.

Experience, Performance & Ecosystem

UX/UI

CoinW delivers a clean, intuitive interface that helps newcomers find their footing quickly, while more seasoned users benefit from a deeper layout featuring sophisticated tools and adjustable trading views, though it doesn’t explicitly label them as “Lite” or “Pro” modes.

The interface is clean and ultra-simple, with no “Lite/Pro” toggles—making it beginner-friendly, but potentially too basic for advanced users craving flexibility or customization.

Performance

The platform reliably processes trades with minimal latency under normal conditions, although extremely volatile market spikes may occasionally strain performance; KYC processing typically remains fast, though demand surges in bull markets can slightly slow verifications.

Transactions are generally smooth and fast, though during major market surges verification queues and payment processing can slow things down slightly for new users.

Education

CoinW includes a learning hub packed with tutorials, webinars, and market updates, but lacks fully interactive demo trading; some content is offered in Spanish alongside English materials, though the depth may vary.

There’s no formal academy, demo environment, or Spanish-language tutorials—Switchere keeps things minimal, relying on straightforward interface cues instead of built-in educational content.

Community

Users can connect through official Telegram channels, referral programs offering meaningful rewards, and community campaigns—but an integrated forum or Discord hub isn’t prominently featured on the exchange itself.

While there’s no dedicated forum or Discord channel, a basic referral program encourages word-of-mouth growth; otherwise, community interaction happens through external platforms.

Integrations

CoinW supports embedded TradingView capabilities, its own trading bots, and API hooks enabling external automation; however, it doesn’t currently offer direct tax-report or dedicated accounting tool integrations.

The platform stands alone—there are no built-in integrations with TradingView, external bots, tax reporting tools, or accounting suites, keeping it simple but limited for advanced workflows.

Who Each One Is Best For

The platform is ideally suited to altcoin hunters and privacy-focused traders who value tool-rich environments and automation, while those seeking hand-holding features like demo access, fiat-crypto bridges, or built-in reporting may find it less aligned with their needs.

Switchere is best suited for newcomers or occasional buyers looking for a fast and hassle-free fiat-to-crypto purchase experience—professionals who want powerful tools or automation might find it too bare-bones.