Comparison of Flipster vs Switchere [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the Flipster vs Switchere comparison!

Your expert: Alejandro Borja

flipster

Flipster

  • Threenvest valuation: 3/5
  • US legal: No
  • Security: High 4/5
  • Mobile App: Yes
Go exchange

Investing risks losing your money

Your expert: Xavier Tarrasó

switchere

Switchere

  • Threenvest valuation: 3/5
  • US legal: Yes
  • Security: High 4/5
  • Mobile App: No
Go exchange

Investing risks losing your money

Main points

Fees

0%

Earns

No

Customer service

2/5
only card 3.60%

Fees

No

Earns

3/5

Customer service


Recommended for

Beginners

No

Trading

No

Passive income

No

Buy and hold

No
Yes

Beginners

No

Trading

No

Passive income

No

Buy and hold


Comparison of fees

Rating

3.8 – Competitive fees with additional benefits for high-volume trading.
3.9 – Reasonable fees with additional benefits for instant purchases.

Level

0%
only card 3.60%

Brief explanation

Flipster operates on a competitive fee structure, making it an attractive choice for traders. The platform charges 0% trading fees for both makers and takers, which is notably lower than the industry average. This fee model allows users to maximize their trading profits without worrying about high transaction costs. Additionally, the platform offers no deposit fees, further reducing the cost of trading. Withdrawal fees are transparent and depend on the specific cryptocurrency being withdrawn, aligning with standard practices in the industry. For users interested in leveraged trading, Flipster’s fees remain competitive. The cost-effectiveness of trading on Flipster, combined with its extensive range of over 200 cryptocurrencies, positions it favorably against many other exchanges. This transparency in fee structure, coupled with the absence of hidden charges, ensures that traders can plan their strategies without unexpected costs, making Flipster a highly economical choice for both novice and experienced traders.
Switchere’s fee structure is designed with simplicity in mind, catering to users who value straightforward transactions. The exchange primarily charges a fee on the conversion of fiat to crypto, and this fee is transparently incorporated into the exchange rate displayed at the time of purchase. The typical transaction fee ranges from 1% to 2%, depending on the payment method and the specific currencies involved. This simplicity allows users, especially beginners, to easily understand the costs associated with their transactions without worrying about additional hidden charges.

Flipster

flipster
Read flipster review
  • Year Founded: Established in 2021, Flipster has rapidly grown and demonstrated its commitment to innovation and user experience in the cryptocurrency market.
  • Customer Service: Flipster provides 24/7 customer support through live chat and email, ensuring users can get assistance whenever they need it, enhancing overall user satisfaction.
  • Security Methods: Flipster employs advanced security protocols, including two-factor authentication (2FA), cold storage for the majority of user funds, and regular security audits, ensuring a high level of protection for user assets.
  • Reputation and Reviews: Early user feedback has been largely positive, highlighting the platform’s ease of use, comprehensive trading tools, and responsive customer support.
  • Volume Managed: The platform handles significant trading volumes, indicating a high level of activity and trust among its user base.
  • Pros
  • Exceptional liquidity for altcoins.
  • Innovative Flipster Earn Pool feature.
  • Quick perpetual futures listings.
  • Cons
  • Limited options for passive income.
  • New platform, less track record.

Read flipster review

Switchere

switchere
Read flipster review
  • Year Founded: Switchere was established under Estonia's progressive and stringent regulatory framework, enhancing its credibility as a trustworthy platform.
  • Security Methods: Adhering to rigorous security protocols required by Estonian law, Switchere ensures that user data and funds are protected through advanced security measures, including SSL encryption and compliance with AML (Anti-Money Laundering) policies.
  • Reputation and Reviews: Switchere has built a positive reputation among its users for its ease of use and reliable customer service. This is reflected in consistently good reviews across various consumer feedback platforms.
  • Transparency: The platform maintains high transparency in transaction fees and exchange rates. It discloses all costs upfront, ensuring users are not met with unexpected charges.
  • Customer Service: Switchere offers robust support with quick response times, providing users with a dependable resource for resolving issues and inquiries, which is essential for new entrants in the crypto market.
  • Pros
  • Easy for beginners
  • No registration for small buys
  • Instant card purchases
  • Cons
  • Limited cryptocurrency options
  • Higher transaction fees

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Product selection

Native token

No
No

Earns

No
No

NFT marketplace

No
No

Cripto/debit card

No
No

Company information

Full name

Unknown
Unknown

Regulation

Not regulated
Not regulated

Year founded

Unknown
2019

Founder

Unknown
Unknown

Payment methods

Transfers

No
Yes

Mastercard

No
Yes

Wire transfer

No
No

Card

No
Yes

Comparative table

Flipster FEATURES Switchere
The minimum trade amount on Flipster is user-friendly, allowing beginners to start trading with a small initial investment.
Minimum Trade
Switchere offers a low minimum trade amount, making it accessible for beginners or those looking to experiment with small transactions.
Flipster charges moderate fees, which are competitive but not the lowest in the market.
Trading and Transaction Fees
The fees are relatively high compared to industry standards, which might deter frequent traders or those dealing in larger volumes.
Flipster offers a wide range of cryptocurrencies, providing users with ample choices for diversification.
Number of Cryptocurrencies
Switchere supports a limited but essential selection of cryptocurrencies, suitable for those new to crypto but restrictive for diverse portfolios.
The platform supports several crypto-to-crypto pairs, though the selection is not as extensive as some competitors.
Crypto-to-Crypto Trading Pairs
Offers basic trading pairs; however, it lacks the variety provided by larger exchanges, limiting strategic trading options.
Flipster maintains a transparent website with clear information on fees, terms, and supported assets.
Website Transparency
The website clearly outlines fees, processes, and security measures, providing users with the information they need to make informed decisions.
Credit and debit card support is available, but with higher fees compared to bank transfers.
Credit/Debit Card
Switchere focuses on direct cryptocurrency purchases with fiat and does not provide additional financial tools like a branded exchange card.
Flipster provides secure storage options with robust security measures for users’ assets.
Storage Offering
Offers secure storage solutions, though it might lack some advanced security features available on more specialized platforms.
Staking options are available, offering moderate rewards for users who participate.
Staking and Rewards
Limited options for staking and rewards, which could be expanded to encourage longer-term investments and user retention.
The platform offers both a mobile app and desktop version, both of which are well-designed and user-friendly.
Mobile App and Desktop
Both mobile and desktop platforms are user-friendly and reliable, though they may lack some functionalities expected by advanced users.
Customer service is responsive and available through multiple channels, though some users report occasional delays.
Customer Service
Generally responsive and helpful, but some users may experience delays during peak times.
Deposits and withdrawals are straightforward, but fees can be higher than some other platforms.
Deposit and Withdraw
The process is straightforward, but the high fees for some operations and limited methods for withdrawal can be a drawback.

Key features

Analysis tools

Unknown
No significant tools, mainly a buying platform

Mobile APP

No
No

Security

High 4/5
High 4/5

Additional features

Margin trading, futures trading, staking, Flipster Earn program
Instant crypto purchases, staking, Switchere wallet, educational resources

Anonymity

Yes
No

Key points

Available cryptocurrencies

Information not readily available
10+

User-friendliness

Flipster offers a user-friendly platform that is easy to navigate, making it suitable for beginners. The interface is designed to facilitate a smooth trading experience with all necessary features easily accessible.
Switchere provides a straightforward and easy-to-use platform that is ideal for beginners. The interface is clean and intuitive, making it easy to navigate and execute trades.

Value for money

Provides decent value for money with competitive fees and a user-friendly interface, though it may not have the lowest fees compared to some competitors.
Provides decent value for money with competitive fees and a user-friendly interface, though it may lack some advanced features.

Countries of operation

United States, Canada, United Kingdom, Australia, Singapore
Global, including United States, Canada, United Kingdom, Australia, Germany

Best for

Best for traders seeking a user-friendly platform with competitive fees and a wide range of supported cryptocurrencies.
Ideal for traders seeking a user-friendly platform with competitive fees and a wide range of supported cryptocurrencies.

Base currencies available

Not widely known
EUR, USD, BTC

Account

Trading

Flipster provides a secure platform with a decent range of cryptocurrencies. It has competitive fees but lower liquidity compared to larger exchanges.
Switchere provides a secure platform with easy fiat integration and a decent range of cryptocurrencies. It offers competitive fees but lacks advanced trading tools.

Deposit and withdrawal

Flipster offers standard deposit and withdrawal methods like bank transfers and crypto deposits. Withdrawals are processed efficiently, with low fees.
Switchere supports various deposit and withdrawal methods, including bank transfers and cryptocurrencies. Withdrawals are processed efficiently, with low fees.

Account opening process

Flipster offers an easy and quick account opening process. Users need to provide personal information and verify their identity. The process is fully digital and typically takes less than a day to complete.
Switchere offers a straightforward and user-friendly account registration process. Users need to provide personal information and verify their identity. The process is efficient and typically takes less than a day to complete.

KYC required?

No
Yes

Customer Service

Flipster offers customer support via email and live chat. The response time is quick, but the support team is not available 24/7, which may be a drawback for some users.
Switchere offers customer support via email and live chat. The response time is quick, but the support team is not available 24/7, which may be a drawback for some users.

Security

Flipster employs robust security features, including 2FA and encryption. However, it lacks regulation from major financial authorities, which might be a concern for some investors.
Switchere employs robust security features, including 2FA and encryption. However, it is not regulated by major financial authorities, which might be a concern for some investors.

Which of these exchanges is for you?

alejandro-borja-analista-de-brokers.webp

Alejandro Borja

As an expert at Threenvest, I highly recommend Flipster for its user-friendly interface and comprehensive trading options. Whether you’re new to crypto trading or an experienced trader, Flipster offers a wide range of over 200 cryptocurrencies and leverage up to 50x, making it an ideal platform to explore and maximize trading opportunities. The innovative Flipster Earn Pool is a unique feature that allows you to earn passive income on your idle funds. With robust security measures and 24/7 customer support, Flipster ensures a reliable and secure trading experience.
Xavier-tarraso-mascarell.jpg

Xavier Tarrasó

As a cryptocurrency expert reviewing various platforms, I find Switchere to be a notably accessible exchange for newcomers to the cryptocurrency market. The platform’s straightforward design eliminates the usual complexities associated with crypto transactions, making it exceptionally user-friendly. For anyone looking to start their journey into cryptocurrencies with minimal hassle, Switchere’s ability to process direct purchases through credit and debit cards offers a significant convenience. However, while it’s ideal for beginners due to its simplicity, more experienced traders might find the limited selection of cryptocurrencies and higher transaction fees a bit restrictive. Therefore, I recommend Switchere for those new to the space or for casual users not looking to engage in more complex trading activities.

View all comparisons against Flipster

View all comparisons against Switchere

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

 

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).


For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

More comparatives Flipster and Switchere