Swapin review

Trading costs 0.8% per trade, and that rate sits above the 0.2% median across exchanges of this type. If you place a lot of orders, the rate matters more than anything else on the account. Anyone buying a small amount now and then will feel the difference less.

Withdrawals are covered by Included in transaction fee, so nothing extra is charged on the way out and the cost stays in the trading rate. The outgoing side is therefore easy to model, because the whole cost sits at the point of sale and the transfer carries no added charge. That is among the clearer cost structures in the category.

Fiat deposits run through sepa, which suits euro area accounts paying in from a local bank. Cards and instant bank rails are not listed among the deposit methods, so a bank transfer is the main route in. Anyone used to paying by card will find the options here narrower than at a larger exchange.

Swapin lists 8 coins, which is a small selection by the standards of this category. The median across exchanges sits higher, so the pairs you can trade here are limited to a short list of majors. If you follow a long tail of smaller tokens, you will need another venue.

Swapin appears on the register of the Financial Intelligence Unit in Estonia, and the operating company is Ungaro LLC. Registration with a financial intelligence unit is an anti money laundering registration. Check separately what cover applies to balances held on the account, because that sits outside the licence.

Support runs on email and help centre, so questions go by email or through the help centre. There is no live chat or phone line listed, which means no instant answer when a deposit is stuck. The help centre does cover the routine questions, so check there first.

Swapin is a cex, so balances sit on the exchange books rather than settling peer to peer. That makes buying straightforward, with a taker fee of 0.8% on each trade. Derivatives are not offered, so this is a spot account only. Funds depend on the operator for custody as a result.