Switchere is the easiest method to acquire Bitcoin, Litecoin, or Ethereum due to currency and also United States dollars together with the support of plastic or debit card games. Launched in the fall of 2019, it involves an instant exchange service based in Estonia.
Even though this is a relatively new market, the platform will previously realize its own perfectly cleaned theory – to be a comfortable gateway to exchange fiat money units into cryptocurrencies.
The practicality of purchase, certified procedures, and a large degree of security – look only certain advantages of choosing Switchere as the main site to buy cryptocurrencies.
How Switchere works
Switchere allows you to buy cryptocurrency with the support of a plastic or debit card game. In addition, it provides a chance to realize interchange among different supported cryptocurrencies. For example, you can exchange Bitcoin (BTC) for Ethereum (ETH).
Orders in Switchere work differently. By default, if you place an order, it directly lends you the location of your cryptocurrency wallet. Earlier already after that, as well as only you make a purchase, Switchere sends the cryptocurrency to this appearance wallet.
Most cryptocurrency exchanges store your cryptocurrencies in controlled wallets. Switchere provides you with a similar option, so you can choose to send your order to a Switchere wallet, but this market is not generally associated with accumulation.
Someone sells cryptocurrency because of you, and you try to save it, in case you do not want Switchere to hold it because of you.
You can buy an account and even start using Switchere, providing only the key information.
However, to spend more than 150$ in the exchange, you should argue your uniqueness. For the population of the United States of America, there is only one level of control. For this purpose, you should provide a photo of your identity card and selfies.
Switchere users from outside the United States of America also have all possibilities to realize cryptocurrency without exception and also to buy from its resources by bank transfer. Together with the target of North American consumers, bank transfers and also the realization of cryptocurrency is not envisaged at all.
Switchere Trading fees
The main service offered here is the purchase of ETH, LTC, BTC, XRP, EOS, or USDT20 together with the support of VISA or MasterCard or the mutual exchange of them friend to friend. In this way, there are no commissions due to the purchase or interchange. But there is a special commission due to the processing of transactions.
Payment due to processing is 3.60% due to any transaction. It is difficult to compare this commission with the trader’s commissions in simple concentrated exchanges, as this platform assumes more precisely a crypto store than a cryptocurrency trading platform.
But it is necessary to understand that in the usual according to the sphere trader commissions of concentrated exchanges for today formalize approximately 0.10%-0.15%.
Switchere Withdrawal fees
This market does not have any standard fees due to the removal of money, as the withdrawal component is considered as well as a component of the initial transaction.
At the same time, a special commission due to the use of blockchain in the amount of 0.0005 BTC is built into the transaction.
Taking this into account, I believe that to compare with other exchanges in our list of exchanges, it is more rational to define 0.0005 BTC as a commission due to the total amount of money charged by Switchere.
In this exchange, it is possible to buy cryptocurrency as well as together with the support of bank transfer, as well as together with the support of plastic card games.
According to the last facet, in case you have each of the banks of Vietnam, Thailand, Malaysia or Vietnam mentioned in the figure below. Since Switchere allows the expansion of the immeasurable in fiat currency, it is characterized equally as an “initial level market”.
Another significant superiority of Switchere is the help department. I was very surprised with how quickly they meet the problems – this is in such a case that other exchanges need to streamline to perfection.
In addition, this help desk operates around the clock, so that you can get support regardless of this or that period you intend to purchase bitcoins. Online chat is probably the quickest method to get in touch with them.
I did this on Saturday afternoon and also almost instantly acquired support from Yunus. Someone appeared quite competent regarding the service and also managed to answer our problems more correctly.
Unfortunately, nowadays period there is no Switchere mobile add-on, even though we tried it in a mobile browser and also it was responsive so that you can apply it to your phone, however, we would like them to make a complete mobile add-on to make the purchase of cryptocurrency in the process even easier and also instant.
Period – the best security control and Switchere has a relatively insignificant situation of activity, for this reason, it is difficult to note to what extent it is not dangerous.
But one can be noted with full confidence – the site is made in such a way that it does not need to guarantee the safety of buyers’ money, which automatically limits the degree of notching with the purpose of users.
Most cryptocurrency exchanges require sending resources directly to the wallets of the exchange. But Switchere goes in the opposite direction – it sends resources directly to your wallet, and for this reason, the responsibility for their safety is entirely in you.
Along with no less, you can protect your account together with the support of two-factor verification (2FA) based on Google, which ensures that no person will not be able to acquire access to your account in case someone hacks your pass.
In addition, there is a role of mechanical exit from the concept, which by default creates in this case, regarding than indicates – introduces the user from the platform through ten minutes of doing nothing.
In the options of the account can change this meteorological parameter: 5 min. – the shortest interval, Sixty minutes. – the longest.
The platform itself uses SLL and TSL encryption, which means the data exchange between you and the exchange is done using the SHA-256 hash algorithm – the same one that secures the Bitcoin and Litecoin blockchains.
Switchere also uses the 3D secure protocol, which is the standard for securing online card payments.
Last but not least, Switchere is a regulated exchange, which means the platform is trustworthy. Unlike unregulated custodial exchanges, it can’t just disappear with your money or holdings, making it a reliable and trustworthy cryptocurrency gateway.
Thus, let’s summarize the result: Switchere is today’s market that charges wildly high commissions – up to 20%, which makes it almost unsuitable for use.
The market looks great and also functions well, and has good help, but all without exception these nuances will not allow you to use it if the commissions remain the same.
My committee – refrain from using Switchere and also use another instant exchange, such as Bitit, which is also very elementary in use, but charges many times fewer commissions than Switchere.