Verified: SwapSwop's Domain Name Https://swapswop.io/registered In 2019 And Is A Company That Provides Cryptocurrency Exchange.
As For Regulation, It Has Been Verified That SwapSwop Does Not Currently Have Any Valid Licenses.
And It Has Been Verified That The Company Has A Lot Of Negative Reviews In The Industry. Investors Are Advised To Proceed With Caution.
And Most Non-compliant Brokers Will Not Disclose And Provide Their Direct And True Contact Information, Such As Phone Number Or Company Address.
Note: As An Unregulated Company, This Means That Customers' Investments May Not Be Adequately Protected. Due To The Lack Of Regulatory Bodies To Hold Companies Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If Trading With Unregulated Companies, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated Ones As Much As Possible When Choosing A Trade.
According To The Company's Official Website:
SwapSwop Claims To Be An Instant Cryptocurrency Exchange Platform That Supports The Trading Of More Than 400 Cryptocurrencies And Tokens. Users Can Trade Without Registration And It Is Easy To Operate. The Platform Offers Floating And Fixed Exchange Rate Options To Meet The Needs Of Different Users.
Floating Exchange Rates Vary According To Real-time Changes In The Market And May Cause The Number Of Coins Received To Vary; While Fixed Exchange Rates Ensure That The Exact Number Received Is Known At The Time Of The Transaction.
In Addition, SwapSwop Declares Its Commitment To Maintaining Low Handling Fees, Usually Between 0.1% And 0.7%, With The Most Common Being 0.3%. Currently, The Platform Does Not Yet Support The Use Of Credit Cards To Purchase Cryptocurrencies, But This Feature Is Being Actively Developed.
SwapSwop Is Registered In Estonia And Its Official Address Is: Harju Maakond, Tallinn, Kesklinna Linnaosa, Vesivärava Tn 50-201, 10152.
Users Can Exchange Directly Without Registration When Trading With SwapSwop. Just Select The Currency Pair You Want To Exchange, Send The Deposit, Specify The Receiving Address, And The Platform Will Handle The Rest Of The Transactions.
For Stellar (XLM) Transactions, The User Can Specify Memo Text Or Memo ID To Ensure The Correct Processing Of The Transaction. All Fees And Commissions Are Already Included, And The Platform Strives To Remain Competitive. Usually, The Dynamic Commission Is Between 0.1% And 0.7%, And The Most Common Is 0.3%.
If The Trading System Suspects That The Asset Is Involved In Illegal Activities, The User May Be Asked To Perform A KYC Procedure, But This Is Very Rare. Currently, SwapSwop Does Not Support The Use Of Credit Cards To Buy Cryptocurrencies.
