5 Signs That a Crypto Swap Platform Might Be a Scam

The cryptocurrency world is booming with innovation and opportunity, but it's also filled with platforms that aren't what they claim to be. As more users enter the digital asset space, especially those looking for fast and seamless crypto swaps, the risk of falling prey to scam platforms also rises. If you're planning to swap crypto online, understanding the red flags of scammy services can save your funds—and your peace of mind. Let’s take a close look at five signs that a crypto swap platform might be a scam , and why choosing a trusted name like CoinoSwap , a reliable instant crypto exchange aggregator , is essential. 1. No Transparency on Fees or Rates A major red flag is when a platform doesn’t clearly disclose its fees or exchange rates. Scammy sites often lure users in with seemingly good rates and then charge outrageous hidden fees right before the swap is finalized—or worse, after it’s too late to cancel. Legitimate services like CoinoSwap make transparency a pr...