Key Data

• Trading Name: Swapify.io
• Legal Entity: not given
• Activities: Crypto OTC Trading
• Location: Cyprus
• Regulations: not given 
• Key People: not given
• Latest news: Swapify
• Latest update: August 2, 2024

Swapify.io presents itself as a professional and secure platform for OTC crypto trading, offering features like enhanced liquidity and competitive rates. However, potential users should be cautious as the site lacks extensive public reviews and transparency about its team and regulatory compliance. The platform’s promise of “no hidden fees” and “24/7 expert assistance” may appeal to high-volume traders, but the actual user experience and security measures remain unclear. As with any financial service, especially in the volatile cryptocurrency market, thorough due diligence is recommended before engaging with Swapify.

Related Schemes

Swapify is part of the platform Seven Finances, which also includes:

• GatoWay
• PSPBox

Regulation

Swapify claims to be an EU-licensed platform for OTC crypto trading. However, the website does not provide any verifiable license numbers or specific registration details. This lack of transparency might raise concerns for potential users who seek assurance about regulatory compliance and the platform’s legitimacy.

Customer Reviews

Swapify currently does not have any customer reviews available, which could be a cause for concern. The absence of customer feedback makes it difficult to assess the quality and reliability of their services from an end-user perspective.

Key People

Swapify, while claiming to be EU-licensed and part of the Seven Finances group alongside GatoWay and PSPBox, provides no information about its team or key people on its platform. This absence of transparency may be concerning for users who value knowing the backgrounds and qualifications of those managing the platform. The lack of visible regulatory details and team information could be seen as a potential risk factor for users considering using their services

Conclusion and Rating

Due to a lack of transparency regarding its EU licensing, team, and key personnel, we rate the platform as ORANGE both in compliance and merchant reliability. This cautionary rating reflects the insufficient information provided, which could pose risks for potential users. Prospective users should approach with caution and consider more transparent alternatives.