No ratings yet.


SwapSpace has become a popular platform for crypto traders seeking the best exchange rates across multiple exchanges. As an exchange aggregator, it simplifies finding optimal rates by compiling offers from over a dozen reputable crypto exchanges worldwide. 

In our SwapSpace review, we’ll examine the platform’s interface, supported cryptocurrencies, and non-custodial model. We’ll also analyze its unique features, such as instant swapping without registration and the swap tracker. Our goal is to determine if this platform is a safe option for users.

Regulated by:Unregulated Crypto Exchange
Is This Company Safe?You may experience issues. If so, please contact our company for fund recovery
Known Websites:swapspace.co 
Have Warnings from:N/A
Registered in:SVG
Operating since:2019
Trading Platforms:Web
Maximum Leverage:N/A
Minimum Deposit:2 USD
Deposit Bonus:N/A
Trading Assets:Cryptocurrencies
Free Demo Account:Unavailable
How to Withdraw from This Company?If this company refuses to return your money – contact your bank or financial regulator or us for professional assistance in recovering your funds.

As an exchange aggregator, SwapSpace is not regulated by any financial authority or body. It does not custody user funds or assets, nor does it facilitate trades on its own platform. Instead, it merely compiles and displays exchange rates and trade facilitation services offered by various integrated crypto exchanges.

SwapSpace’s regulatory compliance and legal status largely depend on the exchanges it partners with. According to the website, Its integrated exchanges are well-established platforms that adhere to relevant regulations in their respective jurisdictions. 

Major partners like Binance, Changelly, ChangeNow, and others have secured operating licenses and registrations as needed. The company is based in Saint Vincent and the Grenadines (SVG), which has no crypto regulations and is known for housing countless shady acts. 

The platform claims to follow all applicable laws and carry out required compliance measures, such as KYC and AML checks, through its exchange partners when necessary. However, as an unregulated entity, SwapSpace lacks the investor protection that regulated platforms offer.

Instead of trusting unlicensed imposters, we recommend you trust firms that are regulated by esteemed financial market authorities such as the FCA (UK), ESMA (Europe), CFTC (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), etc. 

Trader Reviews – Sharing Experiences

As of this writing, there are 505 SwapSpace reviews on trustpilot.com. The exchange received an impressive average score of 4.6/5. Countless users have taken to the forum to express their satisfaction with the platform. There were bound to be some complaints, but that’s normal for any business.

A Reddit thread we found explains how a user recovered funds lost on SwapSpace, indicating that the whole thing got resolved. As far as user feedback goes, the platform has garnered some nice comments about its performance.

Before investing money online, always check what regulators and users say about a particular platform or website to ensure you are dealing with a transparent entity and not cyber crooks like UFMInvest

Who Are SwapSpace’s Targets?

The SwapSpace exchange was founded in 2019. Since then, it has mainly been providing services to investors who reside in the following countries:

  • United States
  • United Kingdom
  • Germany

These three states are renowned for having heavy financial regulations and unforgiving watchdogs that oversee the markets. They meticulously scrutinize participants to prevent fraudsters like Cred Capital from deceiving users. Since SwapSpace is a pure exchange, it is not subject to regulatory oversight, which is a disadvantage for users.

How the Crypto Platform Works

The exchange operates as a non-custodial platform, meaning users do not need to go through any SwapSpace login or SwapSpace app to create accounts to access the service. Instead, the process is simple – visit the website and select the cryptocurrencies you wish to exchange. The firm will fetch real-time rates from its integrated partner exchanges.

Once you choose your desired exchange rate, SwapSpace will provide the deposit address to which you can send your crypto funds. After depositing, the exchange handles the actual trade and sends the received crypto directly to your personal wallet address. There is no intermediary wallet involved.

The entire process doesn’t require users to sign up or share any personal information, except when an integrated exchange demands KYC/AML checks for larger trade volumes. 

SwapSpace generates revenue through commissions from the exchanges for trades. While convenient, this non-custodial model means the firm never has control over user funds. It merely fetches and displays rates, facilitating the connection between traders and their partner exchanges. The individual exchanges used are responsible for secure transfers.

Fee Structure

One of the major advantages of using SwapSpace is its fee-free model. The firm does not charge users any deposit fees, withdrawal fees, or trading commissions. As an aggregator platform, it generates revenue by receiving a share of the trading fees from the cryptocurrency exchanges integrated into its system. 

These exchanges charge their standard trading fees, displayed to the user when selecting an exchange rate.

Essentially, users pay only the trading fees of whichever exchange they choose to execute their trade, with no additional charges from SwapSpace. This fee structure is uniform across all the supported cryptocurrencies on the platform.

Customer Support

Regarding user queries and issues, SwapSpace support is available across multiple channels. The website provides an email contact form and a live chat option for users to contact the customer service team quickly.

SwapSpace is also active on major social media platforms like X, Telegram, and Reddit. The company’s Telegram and Discord channels are particularly active for support inquiries.

Funding Options and Refund Methods

The website lists several payment methods for depositing funds and withdrawing them:

  • MasterCard
  • Visa
  • ApplePay
  • GooglePay

As a non-custodial platform, the funding process is straightforward. Users must set up their own private crypto wallets before using the service. However, if you suspect unwanted practices, explore alternative withdrawal methods.

A MasterCard/VISA card transaction can be reversed via a chargeback. You can request a chargeback at your issuing bank within 120 days of the transaction. Reversing crypto transactions is challenging and requires specialized tracing software like CipherTrace. Fortunately, our team is experienced in assisting victims in recovering funds.

Key Information To Consider About SwapSpace

SwapSpace is a crypto exchange aggregator that allows quick rate comparison and swapping across multiple integrated exchanges. Its pros include no registration required, wide coin support, and no additional fees. Its cons are a lack of regulation, dependence on partner exchanges for security, and limited direct customer support. 

We offer professional services and assistance if you have issues with the SwapSpace crypto platform and cannot withdraw your funds. Use the form below to book your free consultation with Scam Brokers Reviews.

Book a free consultation with us and start the chargeback process.

FAQ Section

What is SwapSpace?

SwapSpace is a crypto exchange aggregator that allows quick rate comparison and swapping across multiple integrated exchanges.

Is SwapSpace Reliable?

It isn’t a regulated exchange but integrates with regulated partner exchanges. Call us if you have SwapSpace withdrawal issues.

How to Use SwapSpace?

To use SwapSpace, select your crypto pair, choose the best exchange rate, provide a withdrawal address, and swap instantly without registration.





Source:

https%3A%2F%2Fscambrokersreviews.com%2Fcrypto-scams%2Fswapspace-review%2F

Rate (Out of 5 stars)

Add Your Comment

Powered By: Greet

We use cookies

We use tools such as cookies to enable essential services and functionalities on our site for better experience By using FinRecoveryInc website, you agree to the use of cookies
OK

Get In Touch

    Are you a victim of a scam?

    Our team of experts will help you secure a refund.

    Start A Free Consultation