Switcheo Exchange Logo
Exchange Review

Switcheo Exchange

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Exchange Fees

Bitcoin Logo 0.00047 Withdrawal Fee • 0.20% Taker Fee • 0.20% Maker Fee

Deposit Methods

No Wire transfer No Credit Card Yes Cryptocurrency

Switcheo Exchange Review

A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of Switcheo Exchange consists of four parts: general information, fees, deposit methods and security.

General Information

Switcheo Exchange is another one of the decentralized exchanges. As of the date of last updating this review (19 July 2019), the exchange has managed to obtain 34,800 global traders, which really shows it is doing something right.

The exchange has a four-part guarantee to its users, as set out in the below picture.

Switcheo Network Promises

We really feel that the above promises resonate with what we feel is important with crypto exchanges.

General info on decentralized exchanges

Decentralized exchanges are becoming increasingly more popular. They are definitely gaining market shares against their centralized counterparts. You have probably heard of at least one of the following exchanges that are all decentralized exchanges: Binance DEXEtherDelta, Bibox, Bitshares Asset Exchange, Waves DEX, Bancor Network, OpenLedger DEXIDEX, Token Store, Bisq, Counterparty DEX, Burst Asset Exchange, AirSwap.io, Fcoin Exchange, Barter DEX, DEx.top, Ethermium. Right?

But why are they so popular? Well, probably due to one or several of the below facts:

  • They do not require a third party to store your funds, instead, you are always directly in control of your coins and you conduct transactions directly with whoever wants to buy or sell your coins.
  • They normally do not require you to give out personal information. This makes it possible to create an account and right away be able to start trading.
  • Their servers are localized in many different places across the globe leading to a lower risk of server downtime.
  • They are essentially immune to hacker attacks.

At Switcheo, you can trade a large number os less known altcoins against the NEO-token. You can also trade directly from your wallet file. This means that you don’t have to worry about deposit times and hidden fees anymore!


We have no reason to believe that US-investors would be prohibited from trading at Switcheo Exchange. There are no prohibitions against US-investors in the exchange’s Terms and Conditions or anything similar. But, as always, any US-investors interested in trading here should in any event form their own opinion on any issues arising from their citizenship or residency.

Switcheo Exchange Trading View

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 cryptocurrency 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 ascertain that it feels right to you. The below is a picture of the trading view at Switcheo Exchange:

Switcheo Network Trading View

Switcheo Exchange Fees

Switcheo Exchange Trading fees

This trading platform charges 0.20% per trade, regardless of whether you are a taker or a maker. Their fee model is thus a “flat fee model”. 0.20% is a competitive fee, as the global industry average is somewhere in the area of 0.25% per trade. Also, if you hold the Switcheo Exchange Token, trading fees will be reduced to 0.075% (meaning a 50% discount).

Switcheo Exchange Withdrawal fees

This platform only charges the network fee when you withdraw crypto. This is a more consumer friendly withdrawal fee model than what industry average in the crypto industry.

Deposit Methods

Switcheo Exchange does not accept any deposits of fiat currency. This means that new cryptocurrency investors (i.e., investors without any previous holdings of cryptocurrencies) can’t trade here. In order to purchase your first cryptocurrencies, you need a so called entry-level exchange, which is an exchange accepting deposits of fiat currency. Find one by using our Exchange Finder!

Switcheo Exchange Security

The servers of decentralized exchanges normally spread out 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 decentralized exchanges are virtually immune to attacks. This is because if you take out one of the servers, it makes little to no difference for the network of servers in its entirety. 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 decentralized exchange, 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 hacker can therefore hack a centralized exchange and steal your funds held at such exchange.

As this exchange is a decentralized exchange, we feel that it is appropriate to award it a security score of A+ (regardless of its score in the Mozilla Observatory-test).


Finally, as mentioned above, this is a decentralized exchange. Decentralized exchanges are still a minority on the cryptocurrency exchange market, with the centralized exchanges still dominating the field (mostly due to better liquidity). In any event, if you’re looking for a decentralized exchange, you could also check out the following quite popular ones:

  1. DDEX
  2. Ethermium
  3. Counterparty DEX
  4. Bibox
  5. EtherDelta
  6. AirSwap.io
  7. Fcoin Exchange