FAQ
Which coins can be traded?
Currently, you can trade Ethereum (ETH) against Ethereum tokens (ERC-20) or trade two Ethereum tokens with each other. All trades occur on the Ethereum network.
What are the advantages of SwitchCoin?
- Direct selection of your trading partner or via link
- Set your own price, independent of market rates
- Trade your own or newly created tokens
- Low fees: 0.2% seller + 0.2% buyer
- Tokens safely stored in the Smart-Contract
- Cancelable at any time
- Automatic refund if offer expires
- Maximum validity: 72 hours
How does an OTC deal work?
- Set the price
- Create the deal in the Smart-Contract (small Ethereum fee)
- Deposit tokens securely into the contract
- Send the link to the buyer
- Buyer must have Ethereum to accept the contract
- Tokens are automatically transferred after acceptance
Do I need to register and log in?
No, registration is not required. However, it is recommended to:
- Access all OTC links anytime
- Receive the newsletter with crypto updates
- Participate in collaborative actions for influencers
Is the platform legally secure?
Yes. SwitchCoin fully complies with German law. Smart-Contracts are audited and ensure that no tokens are sent to third-party accounts.
What fees apply?
Seller: 0.2% of tokens
Buyer: 0.2% of tokens
Ethereum fees: Small cost for using the Smart-Contract (network dependent)
Can I cancel at any time?
Yes. As long as an offer has not been accepted, it can be canceled at any time. Tokens are safely returned to your wallet.
Which tokens are supported?
- Listed Ethereum tokens (ERC-20)
- Your own newly created tokens
- Unlisted tokens – no restrictions