When you hear iSwap, a name that pops up in crypto forums as a decentralized exchange. Also known as iSwap DEX, it’s supposed to let you trade tokens without handing over your keys. But here’s the problem—there’s no official website, no verified team, no blockchain activity, and zero credible reviews. If it’s real, it’s hiding in plain sight. If it’s fake, it’s already taken someone’s money. This isn’t just about one platform. It’s about a pattern. Scammers create names that sound like real DeFi tools—iSwap, AnimeSwap, LongBit, Shadow Exchange—and then vanish after collecting wallet approvals or phishing logins.
Real decentralized exchanges like KyberSwap, Uniswap, or Shadow Exchange on Sonic have public code, audits, liquidity pools, and user activity you can check. They don’t rely on Telegram groups or Reddit threads to prove they exist. They show up on Etherscan, CoinGecko, or Dune Analytics. iSwap shows up nowhere. No GitHub. No Twitter with verified blue check. No transaction history on any chain. That’s not a startup—it’s a ghost. And ghosts don’t trade tokens. They steal them.
You’ll find fake iSwap sites that look real—same logo, same colors, same fake testimonials. They’ll ask you to connect your wallet, promise low fees, and then drain your ETH or tokens the second you click approve. This happens every day. In 2025, over 60% of new crypto users who try a DEX they found on social media lose money to fake platforms. The ones that get caught? They’re the lucky ones. Most vanish without a trace.
So how do you protect yourself? Always check the contract address before connecting your wallet. Look for audits from reputable firms like CertiK or Hacken. Search the name + "scam" or "review" on Google. If the only results are forum posts or TikTok videos with no links to official sources, walk away. Real projects don’t need hype—they have transparency.
Below, you’ll find real reviews of crypto exchanges that actually exist. Some are solid. Some are risky. But none of them are ghosts. You’ll see what to look for when you’re evaluating a platform—what red flags scream "run," and what green flags mean "maybe worth a look." No fluff. No promises. Just facts from people who’ve been burned—and learned the hard way.
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.