When people search for iSwap crypto exchange, a platform falsely advertised as a decentralized trading option. Also known as iSwap DEX, it has no official website, no blockchain presence, and zero user verification. There’s no team, no audit, no liquidity pool—just a phishing site copying the names of real DEXes to steal your crypto. This isn’t a glitch or a new project. It’s a scam, and it’s active right now.
Scammers love to use names that sound like real platforms—like iSwap, AnimeSwap, or LongBit—because they’re easy to misspell and hard to verify. These fake exchanges show up in Google results, Telegram groups, and TikTok ads. They promise low fees, fast trades, or free tokens. But if you sign in, connect your wallet, or click "claim," you’re handing over your keys. Once that happens, your crypto is gone forever. Real exchanges like Shadow Exchange, a fast, low-fee DEX on the Sonic blockchain, or KyberSwap Classic, a non-custodial swap platform on Avalanche, publish their code, list their team, and have public audits. They don’t need you to trust them blindly—they prove they’re real.
You’ll find plenty of posts here about other fake exchanges that looked convincing until they vanished—TradeOgre shut down after Canada seized $40 million, LongBit was a ghost site with no users, and AnimeSwap doesn’t exist on Sui. These aren’t outliers. They’re the rule. The crypto space is full of copycats and quick scams. The only way to stay safe is to check: Is there a live website with real documentation? Are there active social channels with verified accounts? Has anyone traded here and left a public review? If the answer is no, walk away. Even if the site looks polished, even if it has fake testimonials, even if it promises you 10x returns. Real platforms don’t need to promise the moon. They just need to work.
What you’ll find below are real reviews of exchanges that actually exist—some good, some risky, but all verified. You’ll learn why Upbit got fined $34 billion for skipping KYC, why Bitsonic only works for Korean speakers, and why Libre exchange is only for Bitcoin purists. You’ll see how fake airdrops like CovidToken and HyperGraph (HGT) are designed to trick you into paying gas fees just to get nothing. And you’ll find out how to protect yourself from the next iSwap before it even shows up in your search results.
iSwap was a fast cross-chain crypto exchange that completed swaps in 3 seconds, ideal for traders needing speed. But with no updates since 2022, its safety and availability are uncertain in 2025.