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AirSwap Review

Last Updated on July 1, 2024

James Headshot
Written by
Adam Headshot
Edited by
AirSwap logo
3.14
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.
Visit AirSwap

The Bottom Line Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

AirSwap is a cryptocurrency exchange using atomic swap technology on the Ethereum blockchain. It ensures secure and direct token swaps without centralized intermediaries. The platform has features like gasless swaps, a fee-free trading model, and advanced protocols like RFQ and LastLook, which enhance user experience.

AirSwap’s strong security measures include using Ethereum smart contracts for order settlement and proactive responses to potential security exploits. At the same time, its governance and operation are powered by the AirSwap Token (AST), which plays a crucial role in liquidity and platform governance.

Table of Contents
Disclaimer: This is not a validation of cryptocurrency or any particular provider, service, or product. It should not be taken as advice to engage in trading or use any services. Please check our terms and conditions.

Pros

  • Decentralized platform ensures user control over assets
  • Peer-to-peer trading reduces the risk of price manipulation
  • No trading fees for direct swaps between wallets
  • Global accessibility for users with an internet connection
  • Supports a wide range of ERC20 tokens for diverse trading options

Cons

  • Limited to Ethereum and ERC20 tokens, lacking broader cryptocurrency support
  • No fiat currency trading pairs which might limit new users
  • Lesser-known platform which can impact liquidity and trading volume
  • Lacks advanced trading features found in traditional exchanges
  • Relatively smaller user base compared to mainstream exchanges

Quick Summary

Headquarters Location United States
Total Supported Cryptocurrencies 1000+
Trading Fees 0%
Deposit Methods Cryptocurrency
Support Twitter, Help Center Articles
Mobile App Has no mobile app.

AirSwap is a decentralized peer-to-peer token exchange using Ethereum’s blockchain technology. It allows participants to swap tokens directly in a secure environment. What makes AirSwap stand out from other crypto exchanges is its proficiency in addressing challenges associated with peer-to-peer trading, like counterpart discovery and pricing strategies, all while safeguarding user confidentiality and ensuring liquidity.

AirSwap homepage

For traders who seek out platforms and companies for trade operations, AirSwap is worth considering for future trading endeavors. AirSwap’s mission is to combine decentralized technology with user-friendly design.

The Swap Protocol is at the core of AirSwap’s operations. By leveraging Ethereum smart contracts for settlement and atomic swaps to minimize counterparty risk, AirSwap provides a strong and reliable foundation for crypto trading. The platform’s indexer and optional oracle also facilitate price discovery, offering a solution to low liquidity and market volatility.

About AirSwap

Originating from the creative minds at Fluidity, AirSwap emerged and later merged with ConsenSys, benefiting from the expertise of industry titans like Michael Novogratz and co-founder Joseph Lubin.

This exchange took off after an event in October 2017 when it held an ICO that sold 150 million AST tokens to investors out of a total supply of 500 million, this event being a cornerstone in AirSwap’s evolution.

AirSwap features

Supported by these expert entrepreneurs and pushed by a successful ICO, AirSwap has established itself as a decentralized exchange in decentralized finance. Continuously innovating and adapting to the crypto sector, it offers users an alternative to conventional centralized exchanges.

AirSwap has a number of active social profiles including Facebook, Twitter, Instagram, LinkedIn, Discord, Reddit, Telegram and YouTube.

AirSwap Supported Cryptocurrencies

AirSwap supports 1000+ digital assets, including tokens and cryptocurrencies. Its integration with MetaMask and support for widely used ether-stablecoin pairings establish it as a significant player in decentralized trading.

The platform offers cryptocurrency investors an opportunity to broaden their portfolio of digital assets. It provides seamless swapping from fiat currency to cryptocurrency and various token exchanges. By accommodating numerous currencies and different digital wallets, AirSwap offers flexibility to meet investors’ demands in the cryptocurrency space.

Trading Experience

Trading on crypto exchanges can be pretty intimidating. Yet, AirSwap’s approach to trading and intuitive platform appeal to beginners and experienced traders alike. Initiating trades is straightforward; users look up the token they want to start trading with, get price quotes from others in the community, and finalize their trade directly in their wallet.

AirSwap’s dedication manifests through unique features like gas-free swaps and removing deposit and withdrawal fees. Its high trading volume showcases the trading community’s confidence in AirSwap.

This decentralized trading platform provides control over personal funds due to its non-custodial design and protects transactional anonymity, ensuring the confidentiality of trades. These attributes show AirSwap’s work to promote an environment that respects user privacy while engaging in trading activities.

The Swap Protocol is at the heart of AirSwap and offers several advantages. For example, the use of an indexer along with an optional oracle aids price discovery, which is especially beneficial in markets experiencing lower liquidity. It also gives users confidence when participating in transactions involving asset pairs that are not heavily traded.

AirSwap exchange marketing

AirSwap Fees

Trading fees can be a barrier for many involved in the cryptocurrency market. AirSwap offers an attractive alternative by eliminating fees on trades and charges for account withdrawals and deposits. Doing so embodies a transparent and equitable model that echoes decentralization ideals.

Type Fee
Trading Fee 0%

Security - Is AirSwap Safe?

AirSwap’s security measures are designed to instill confidence in its users. The platform employs Ethereum’s smart contracts to settle orders, which ensures that transactions are completed with the highest level of security. Moreover, by processing trades off-chain, AirSwap effectively eliminates the risk of front-running, a prevalent concern in crypto trading.

AirSwap’s proactive approach to security was demonstrated on September 12, 2019, when an internal security review identified a potential exploit in a newly released smart contract. The team swiftly rolled back to the original contracts and took immediate action to secure affected users’ funds, showcasing their commitment to maintaining a secure trading environment. This incident shows AirSwap’s readiness to address vulnerabilities head-on to protect its community.

AirSwap Customer Support

The platform offers a customer support portal and email assistance, ensuring users have access to help when needed. A comprehensive help center provides users with guides and articles to address common issues, demonstrating AirSwap’s dedication to user support.

While the effectiveness of AirSwap’s customer support has received mixed feedback, especially concerning complex issues, the team strives to address concerns as swiftly as possible. This commitment to enabling users to resolve their issues efficiently shows the platform’s user-centric philosophy while doing their best to excel in customer service.

AirSwap support

AirSwap Support Channels

  • Facebook
  • Twitter
  • Instagram
  • Live Chat
  • Help Center Articles
  • Support Ticket

AirSwap Token (AST)

The AirSwap platform relies heavily on the AirSwap Token (AST) for its operations and governance. AST is important in signaling trading intentions, incentivizing market makers by establishing liquidity pools, and ensuring the platform’s core mechanisms function effectively.

Market makers must stake these tokens to advertise their willingness to trade. In contrast, those who take up offers (the market takers) reap the benefits of this system-provided liquidity without the need to possess any AST token.

Owning AST tokens protects users against common trading hazards like price slippage and avoids dishonest trading partners. Therefore, it solidifies its status in maintaining integrity in the space that surrounds Airswap’s marketplace activities.

Roadmap and Future Plans

Many factors can influence AirSwap’s future, including how decentralized finance becomes more mainstream, shifts in regulatory environments, and technological breakthroughs. As it goes through these changes, AirSwap must continue introducing groundbreaking features and maintaining a competitive edge in the cryptocurrency industry.

This commitment has been highlighted by the launch of NFT marketplaces suited to specific needs and an upgraded over-the-counter trading capability known as OTC 2.0. All these events signal the company’s dedication to progressing in decentralized finance (DeFi).

How to Sign Up on AirSwap

  1. Create Account - Visit the AirSwap website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
  2. Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
  3. Transferring Funds - Once your account has been verified you'll be able to deposit using a range of different cryptocurrencies, remember that this exchange only supports cryptocurrency.
  4. Start Trading Crypto - That's it! You should now have everything in place to start trading.

Deposit Methods

  • Cryptocurrency

AirSwap Alternatives

1inch logo

1inch

3.77
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
1000+

Trading Fees
0%

Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR + 40 others

Visit 1inch
OKX logo

OKX

3.62
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
353+

Trading Fees
-0.005% - 0.10%

Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR, NZD + 85 others

Visit OKX
Bancor logo

Bancor

3.84
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
100+

Trading Fees
0.1%

Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR, NZD + 70 others

Visit Bancor

Final Thoughts

Our review of AirSwap shows that this platform is a powerful entity in the decentralized peer-to-peer token trading space. Through its dedication to protecting user privacy while enhancing experience, AirSwap sets itself up as an influential participant in the DeFi space. The AST token plays a crucial role in both governance and functionality on the platform, highlighting Airswap’s focus on community values.

Indeed, AirSwap shows immense promise and opportunity for growth. As it adapts based on feedback from its active community involvement, it becomes a great option for secure and fair token trading practices.

AirSwap FAQs

AirSwap is not owned by a single entity or individual but is a decentralized platform. It was originally developed by a team called Fluidity, which later merged with ConsenSys, a blockchain software technology company.

The platform is designed to facilitate peer-to-peer trading on the Ethereum blockchain without needing a centralized intermediary.

AirSwap tokens, known as AST, are owned by various individuals and entities that have purchased or earned them. AST is a cryptocurrency that powers the AirSwap decentralized platform, and there is no single coin owner.

Holders of the token can participate in the platform’s governance, among other utilities.

AirSwap faces competition from other decentralized exchange (DEX) platforms and DeFi protocols that offer peer-to-peer trading services. Some notable competitors in the space include Uniswap, SushiSwap, 0x, and Kyber Network.

Each platform has unique features and offerings in the DeFi space.

AirSwap coin, or AST, is the native utility token of the AirSwap decentralized platform. It is used for various functions, including governance, where token holders can propose and vote on changes to the platform.

AST operates on the Ethereum blockchain, allowing for seamless integration with other DeFi protocols and Ethereum-based assets.

Yes, on AirSwap, you can conduct trades while maintaining anonymity, which upholds user privacy and security during the transaction.

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Methodology

At Crypto Head we use a rigorous research and rating process to assess each platform. Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details.

About The Authors

James Headshot
Written by

Crypto Technical Writer

James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.

His extensive experience in the industry and ability to present complex concepts in an understandable manner make his articles a valuable resource for readers seeking to navigate the ever-evolving crypto landscape.

Check James out on:
Adam Headshot
Edited by

Co-Founder / Managing Editor

Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.

His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.

Check Adam out on: