When you trade crypto on Minswap, a decentralized exchange built specifically for the Cardano blockchain. Also known as Minswap DEX, it lets you swap tokens directly from your wallet—no sign-up, no middleman, no custody of your funds. Unlike centralized exchanges, Minswap runs on smart contracts, meaning your money stays in your control the whole time.
Minswap is part of a growing wave of Cardano DeFi, a set of financial tools built on Cardano that operate without banks or brokers. It’s one of the most used platforms on the network, handling millions in daily trades. It works using an AMM protocol, an automated market maker that sets prices based on supply and demand in liquidity pools. Instead of relying on order books like traditional exchanges, Minswap uses pools of tokens locked in smart contracts. When you trade ADA for a token like $ADA or $SHIBA, you’re swapping against these pools—not another person.
Because it’s built on Cardano, Minswap benefits from low fees and high security. But it’s not perfect. Liquidity can be thin for smaller tokens, and impermanent loss is a real risk if you’re providing liquidity. That’s why users who stick with it learn to pick the right pools and understand how price swings affect their returns. You’ll also find that Minswap isn’t just a trading tool—it’s a gateway to staking, yield farming, and even token launches on Cardano.
Below, you’ll find real reviews, breakdowns of how to use it safely, and warnings about fake sites pretending to be Minswap. No fluff. No hype. Just what actually works—and what to avoid.
Minswap is a Cardano-based decentralized exchange offering low fees and ERC-20 token conversion. This review covers its features, MIN token, usability, security risks, and whether it's worth using in 2025.