COINSWITCH KUBER REVIEW | STORY | JOURNEY | FEATURES IN INDIA IN 2023
COINSWITCH KUBER REVIEW | Today’s latest updated news about India’s trusted crypto exchange platform i.e. kuber application. So let’s see the full review, benefits, features by the legal way in India.
COINSWITCH KUBER REVIEW
THE HISTORY OF COINSWITCH KUBER INDIAS 1ST LEGAL CRYTO EXCHANGE WITH 14+ FEATURES
Lets start from the journey of coinswitch kuber from 2017-2023. One of the co-founders, Mr. Ashish Singhal said that we started coinswitch kuber in 2017 with the simple objective of simplifying crypto, right, today, we are trying to just solve that… lots more let’s see how coinswitch is safe for all Indian crypto users, How to download the app free in India with a full review.
WHAT IS COINSWITCH KUBER?
And coinswitch kuber is one of the products for India, which basically is trying to solve the adoption problem. And currently, people are very reluctant to get into crypto, they see charts, they see order books, they get confused. coinswitch kuber objective is very simple. Anyone who wants to come into crypto should have the experience of similar to say ordering food on swiggy or ordering something from Amazon, right? It should be that that has been a couple of things you are done with, right. And that is what we are providing with coinswitch kuber. And hopefully, you know help provide simplicity to the market in India and be able to grow by solving user problems.
WHEN COINSWITCH KUBER APPLICATION STARTED?
Okay, great. coin switch kuber you started in 2017? What was the problem? What did you solve with coinswitch kuber. So a little background again on that we are 3 co-founders of coinswitch kuber we came from companies like Amazon, Microsoft, Zynga printing a lot of their production techniques. And the important thing to note about this is that we are hackers, any hackathon that you can think of in India, including Sequoia hack who will vote for India, LinkedIn hacks, you would have won it and coinswitch kuber started with the hack itself. So, we and during our journey when we launched coinswitch kuber so we built this for ourselves, and when we launched within a month we were doing a million dollars a day. So, this solidified that you know, this was a problem which was faced by a lot of traders right. And that’s why Sequoia came on board with our seed funding. And you know, being an amazing partner ever since. So tell me about the motivation behind coinswitch kuber application. Or Yeah, and how did it start? Making simple and user-friendly its kuber objective. And so just to share a story, how do we measure because everyone says its very simple application but there is no objective there is no good A lot of different people of different ages with different knowledge to be able to get into crypto keys. Right. And that is the whole premise of why we build a constitution in India. India was not able to participate in it, right. At this point, a lot of different users retail users would want to see what crypto is and if they go to exchanges to figure it out, they will never get into it. So can we make a product that basically simplifies the way that people can buy and sell cryptocurrencies or enter into crypto right. So that is a very simple way that we entered in India with and the last month data we see that you know, we have succeeded a lot in our assumptions but with the one month I’m really really satisfied with what we went out to solve and to the level that we were me and my team were able to solve
IS COINSWITCH KUBER LEGAL IN INDIA?
Coinswitch is really legal in India right now on this exchange you can buy or sell cryptocurrencies online easily with high security. So let’s go to know more about the latest updates.
WHAT ARE THE IMPORTANT REASONS OF COINSWITCH KUBER EXCHANGE/APPLICATION?
So coinswitch kuber application is important for two reasons. First is Kuber is a God of wealth. how most of the people see cryptocurrency is as well as well Right? but you already know the connotations. And all that, so we didn’t want to get into it. The second biggest thing for kuber application, why to name it, was that for us for, you know, people like who believe in crypto replace like a protector in this ever-changing word.
WHAT IS THE MEANING OF KUBER OF COINSWITCH APPLICATION?
The meaning of kuber in Sanskrit we call as world protector. Okay, these two things made us you know, nailed down on the name to be so there is a lot of thought that went into it. Where is the order went away? Taurus, I like that. Usually, we name our products based on Greek gods and this comes from Amazon. There are a lot of products are running in the global market by coinswitch kuber. We usually try to keep the name of the gods because you know, people have some feeling in India, the intention was not to name after a court, but to name after something that people can relate to. Right. And Kuber was ultimately we nailed down on Kuber, making sure that you know, both the other side of crypto where people are new to it and see it as a will plus people who are purists like probably you are able to relate to it as well.
MEASURING SUCCESS OF COINSWITCH KUBER
Let’s talk about certain specifications of the product, we are building the right product or not it was about solving the problem within three weeks, we reach about 100,000 users on free lunch. So that was a great thing in itself and after our product launch, we focus a lot on onboarding, making onboarding easier, making sure that people are able to deposit funds by crypto just like they use kuber or, you know, credit or any other an application which is known for their experience, right. And in the first year, we crossed a million dollars in deposit itself. And hopefully this month, we will go five x first year first one. So in June, we crossed about 10 Cr in deposits. Reading was anyway separate, right, which we don’t focus on investing money is something of a restriction, that is the problem that you’re solving, whether people become so used to investing in crypto, that they put their money in it. So how we measure our success is by the number of deposits or the amount of deposits that we are receiving. So buyers and sellers are selling and buying crytocurrencies which is totally demands on market only we are able to do that in one place and make the experience seamless, they don’t have to worry about pricing, they don’t worry about anything it has to be simple, it has to be fast and it has to have the best price right coinswitch kuber application is known for them in the global market. And we want to bring all that to the Indian market with added simplicity. Hopefully, we will cross about $5 million in deposit. And within a month we do five x is really, you know, tremendous, So, how many minimum deposit allows in coinswitch kuber application the minimum deposit in coinswitch kuber application is 101.
User protection is not at the forefront. Right. regulations are not about hindering the growth of any industry or any income. It’s about user protection is to make sure that we are working our hard-earned money. So how we saw mutual funds stock market, you know, the evolution of that in India is through regulations. So I personally believe that the regulation, the faster the regulation comes, and the better it is for the community. And the better it is for the company to follow them and make sure that you know, they are user-focused, they make sure that their money is as secure as possible. We already do those things. We already try to follow several regulations, although there are…