switchere account opening

Detailed Process for Opening an Account on Switchere

1. Visit the Switchere Website or Mobile App:
   • Navigate to Switchere via your web browser or download the Switchere app from the App Store or Google Play.
2. Start Registration:
   • On the homepage, click the ‘Register’ button located in the upper right corner.
3. Choose Registration Method:
   • You can sign up using your email address or through social media accounts like Facebook or Gmail.
4. Fill in the Registration Form:
   • If using email, enter your email address and create a secure password. The password should be at least eight characters long and include uppercase and lowercase letters, a number, and a special character.
   • Read and agree to the Terms of Use, Privacy Policy, and other legal documents by ticking the appropriate checkbox.
   • Click ‘Complete Registration’ to proceed.
5. Email Verification:
   • Check your email for a verification code sent by Switchere. Enter this code on the website to verify your email address and activate your account.
6. Enable Two-Factor Authentication (2FA):
   • For added security, enable 2FA. Go to your account settings and follow the instructions to set up 2FA using Google Authenticator or Authy. This involves scanning a QR code and entering a verification code generated by the authentication app.

Additional Notes:

• Basic Verification:
  • Basic transactions up to $700 do not require KYC (Know Your Customer) verification, making the process quicker and easier.
• Advanced Verification:
  • For higher transaction limits, complete further verification steps such as identity and address verification, which involve uploading documents like your ID and a utility bill.

Types of Accounts on Switchere

1. Basic Account:
   • Features: Limited to basic transactions with lower limits.
   • Verification: No KYC required for transactions up to $700, making it suitable for users who prefer minimal verification processes.
2. Verified Account:
   • Features: Higher transaction limits and access to more features.
   • Verification: Requires identity verification (ID verification). This involves submitting a government-issued ID and a selfie with the ID.
3. Address Verified Account:
   • Features: Increased purchase limits and access to a wider range of services.
   • Verification: Requires address verification. Users need to provide proof of residence, such as a utility bill or bank statement.
4. Bank Card Verified Account:
   • Features: Highest transaction limits and full access to all platform features.
   • Verification: Involves verifying a bank card by submitting photos of the card and a selfie with the card. This unlocks the maximum transaction limits and additional security features.

Minimum Deposit on Switchere

Switchere does not have a specific minimum deposit requirement; however, it does have minimum transaction amounts for buying and selling cryptocurrencies. Here are some details to keep in mind:

1. Transaction Minimums:
   • For cryptocurrency purchases, the minimum amount typically starts at around $50. This can vary depending on the cryptocurrency you are purchasing and the current market conditions.
2. Payment Methods:
   • You can fund your account using various payment methods such as credit/debit cards, bank transfers (SEPA), and other supported payment options. Each method may have its own minimum transaction limits.
3. No Specific Minimum Deposit:
   • Unlike some platforms that require a minimum deposit to open an account, Switchere allows users to start trading with the minimum transaction amount required for their chosen cryptocurrency purchase.
4. Basic Verification Limit:
   • For unverified accounts, the transaction limit is set at $700. Users need to complete further verification to increase this limit.

Countries Eligible to Open an Account on Switchere

Supported Countries: Switchere supports users from over 160 countries, providing extensive access to its cryptocurrency exchange services. Some of the key countries include:

1. United States
2. Canada
3. United Kingdom
4. Germany
5. Australia
6. France
7. Italy
8. Spain
9. Netherlands
10. South Korea
11. Japan

These countries, among many others, have full access to the platform’s features, including buying, selling, and exchanging cryptocurrencies.

Restricted Countries: There are certain jurisdictions where Switchere services are not available due to regulatory restrictions. These include, but are not limited to:

1. Afghanistan
2. Algeria
3. Bangladesh
4. Bolivia
5. Cambodia
6. China
7. Ecuador
8. Iraq
9. Kyrgyzstan
10. Morocco
11. Nepal
12. Pakistan
13. Vietnam