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Swop Review: What You Should Know Before Using It

Swop is a Waves-focused decentralized exchange for crypto swaps, but there isn’t enough published detail to assess its costs or safety.

By the SkyBitcoins review team · Updated

SkyBitcoins rating

Not rated yet

At a glance

Swop key facts

Swop key facts
TypeDecentralized exchange
ChainsWaves, Unit0
TokenSWOP
FunctionCrypto swaps; passive-income investing is mentioned
Value locked$379K+5.2% 7d
Audits2 audits listed
Updated

Swop FAQs

What is Swop?

Swop is a decentralized exchange for swapping cryptocurrencies in the Waves ecosystem. Its description also mentions investing assets for passive income, but the specific products and terms are unclear.

What fees does Swop charge?

Swop doesn’t publish enough fee information to establish the cost of a trade. As with other decentralized exchanges, you may pay network fees as well as any swap fee; check the transaction details before confirming.

Is Swop safe to use?

Two audits are listed for Swop, but their scope and findings aren’t clear. Swop’s custody and security arrangements also can’t be assessed from the published details, so don’t connect a wallet or deposit funds unless you understand the risks.

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How we checked

Sources

  1. defillama.com/protocol/swop(opens in a new tab)

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