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Benaiah A. Akinlade photo
Nigeria, Osogbo, Osun State, Nigeria
1 Level
165 Review
110 Karma

Review on SwapSwop by Benaiah A. Akinlade

Revainrating 5 out of 5

My experience with SwapSwop crypto exchange

SwapSwop is an Estonian based cryptocurrency exchange that prides itself in protection customers identity through the use of state of the art web based security features from SSL certificates which is also responsible for the protection of customers assets.

I discovered that the exchange is rich with a whole wide variety crypto assets for trading.

The anonymous nature of the exchange platform protects the identity of users and allows users to work without restrictions and limits.

The exchange did not require me to make any registration or sign up before making transactions. I only needed to select a pair to trade and fulfill the requirements to complete my transactions.

There is a transaction fee of about 0.1% to 0.7% charged on my transactions which is quite low compared to some exchanges.

KYC is not a basic requirement on the exchange but KYC can be required if a user is suspected of illegal activities

The exchange currently doesn’t have the option of buying cryptocurrency with bank cards which is a bit frustrating for someone like me who purchases crypto assets through my cards.

The exchange is still growing, but there’s still a long way to go.

Pros
  • The customer service responds well and quickly to complaints.
  • The time of completing transactions is fast
  • The platform has most of the more popular and well known cryptocurrency assets
  • The fees charged on transactions are not too exorbitant
  • The website is simple and quite easy to navigate
Cons
  • The website provides same or similar services to well established competitors
  • The exchange is still relatively new in the crypto space and may struggle to compete at a high level
  • The anonymous nature of the transactions can encourage illegal transactions
  • The exchange still has a long way to go to compete with well established competitors
  • The information on the website about the exchange is not well detailed

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