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Exchange Review
This exchange has been marked as dead or inactive and is either gone or recommended not to use.

MultiSwap


Exchange Fees

BTC 0.000051 Withdrawal Fee • 0.50% Taker Fee • 0.50% Maker Fee

Deposit Methods

No Wire transfer No Credit Card

UPDATE 11 November 2021: When trying to access the website of MultiSwap today, we were unsuccessful. We only received an Error 503 (Service Unavailable). There have been no preceding messages on system maintenance or new websites or anything similar.

Accordingly, we believe that this exchange has closed down and we have marked it as "dead" in our Exchange Graveyard. If the exchange's website would become accessible again and the error is just temporary, we will "revive" it and bring it back to our Exchange List.

To find a reliable exchange where you can start an account, just use our Exchange Filters and we'll help you find the right platform for you.

MultiSwap is an aggregator of exchanges. You can swap tokens here, and also place limit orders for a wide variety of tokens (see below). The orders you place are not only placed against the platform's own order book. Rather, it is placed against a number of other order books as well. This is what makes it an "aggregator". It is not evident from the exchange's website which exchanges that are part of the aggregation (unlike 1inch.Exchange, where this information is set out very clearly). But, seeing as a number different order books apparently are available, the order book should be thicker than normal.

A competitive edge with this platform is its fast transaction times. Transactions take on average 5-30 minutes to complete, and on the date of first writing this review (16 April 2020), the average transaction time was 8.42 minutes.

The platform supports trading in all of the following cryptocurrencies.

MultiSwap Supported Cryptos

MultiSwap Statistics

Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen crypto and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can see that it feels right to you. At this exchange, the swap interface is very simple. It is present on the landing page of the exchange's website, and it looks like this:

MultiSwap Swap Interface

Never forget to check the fees of an exchange you are interested in trading at. There are a number of top crypto exchanges who don’t charge different fees between takers and makers. Usually, it is called that such exchanges’ trading fees are “flat”. MultiSwap offers a flat trading fee of 0.50% and does accordingly not care about whether you are a taker or a maker. For investors who prefer to pick-up existing orders from the order book, this might be an attractive trading fee model.

Fees of 0.50% are above the industry average, which is around 0.25%. One should consider whether this exchange has a strong offering to investors in other respects that outweighs the disadvantage of this somewhat higher trading fee.

MultiSwap does not charge any withdrawal fees for withdrawing cryptos, except for the network fee. The network fee is not charged by the exchange per se, so the platform is not enriched by this fee. It should be noted though that there are exchanges that – as a favour to its customers – themselves assume the network fee so that the withdrawal for the customers in fact is 0.

To conclude, the withdrawal fees here are competitive indeed.

This exchange does not accept any other deposit method than cryptos, so new crypto investors are restricted from trading here. If you are a new crypto investor and you wish to start trading at this exchange, you will have to purchase cryptos from another exchange first and then – as a second step – deposit them here. Don’t worry though, you can find a so called “entry-level exchange” simply by using our Exchange Finder tool.

The servers of DEXs spread out all across the globe. This is different from centralized exchanges that normally have their servers more concentrated. This spread-out of servers leads to a lower risk of server downtime and also means that DEXs are virtually immune to attacks. This is because if you take out one of the servers, it has little to no impact on the full network of servers. However, if you manage to get into a server at a centralized exchange, you can do a lot more harm.

Also, if you make a trade at a DEX, the exchange itself never touches your assets. Accordingly, even if a hacker would somehow be able to hack the exchange (in spite of the above), the hacker can not access your assets. If you make a trade at a centralized exchange, however, you normally hold assets at that exchange until you withdraw them to your private wallet. A centralized exchange can therefore be hacked and your funds held at such exchange can be stolen. This is not the case with a DEX.