No Regulation

Score

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/10

Surfswap

China

|

1-2 years

Suspicious Regulatory License|

Medium potential risk

https://app.surfdex.io/exchange/swap

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Surfswap
https://app.surfdex.io/exchange/swap
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E

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No effective regulatory information has been founded yet, please pay attention to the risks!

WikiBit Risk Alerts

1
Previous Detection 2024-10-03

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

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Company Name
Surfswap
Regulatory Status
No Regulation
Abbreviation
Surfswap
Platform registered country and region
China
Phone of the company
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Exchange Name Surfswap
Registered Country China
Regulatory Authority No license
Number of Cryptocurrencies Available 20+
Fees Maker Fee: 0.03%-0.10%, Taker Fee: 0.08%-0.25%
Payment Methods N/A

Overview of Surfswap

Surfswap is a cryptocurrency exchange based in China that offers a variety of digital assets, with over 20 different cryptocurrencies available for trading. It operates without a formal license from a regulatory authority, which may raise concerns regarding its legitimacy and security. The platform features a tiered fee structure, with maker fees ranging from 0.03% to 0.10% and taker fees from 0.08% to 0.25%.

Overview of Surfswap

Pros and Cons

Pros Cons
  • Over 20 cryptocurrencies available
  • No regulatory license
  • Tiered fee structure
  • Payment methods not specified
  • Potential concerns about security and legitimacy

Pros of Surfswap:

  • Over 20 Cryptocurrencies offered: Offers a wide range of over 20 cryptocurrencies for trading.

  • Tiered Fee Structure: Provides competitive fees that vary based on trading volume, which can be beneficial for traders looking to minimize costs.

Cons of Surfswap:

  • Lack of Regulatory License: Operating without a license can lead to concerns about the platform's security and regulatory compliance.

  • Unspecified Payment Methods: The absence of clear information on supported payment methods may hinder user convenience and trust.

  • Security and Legitimacy Concerns: Being based in China and lacking a license can raise questions about the platform's reliability and protection for users' funds.

Regulatory Authority

Surfswap operates as an unregulated cryptocurrency exchange, which may pose risks to users due to the lack of oversight and consumer protections typically provided by a licensing authority.

Regulatory Authority

Security

To provide extra safeguards, the platform utilizes decentralized secure payment solutions, ensuring reliable and resilient transaction processing for users at all times. This distributed architecture reinforces dependability through redundancy design that avoids single points of failure and allows continuous trading activity. Surfswap employs robust layered protections to establish a resilient infrastructure through its decentralized framework, mitigating exploit vulnerabilities. Traders can trade with full assurance that their digital assets and personal data remain impregnable thanks to Surfswap's implementation of cutting-edge industry defenses developed for both centralized and decentralized finance environments.

Cryptocurrencies Available

Sunfswap offers access to over 20 major cryptocurrencies. Traders can access well-known cryptocurrency pairings such as ETH/USDT, BTC/USDT, TRX/USDT, DASH/USDT and numerous others. By providing these versatile trading pairs, Sunfswap empowers users to capitalize on the exchange of different digital assets and profit from price volatility as well as potential value accretion in the cryptocurrency space. The platform gives traders flexibility to participate in burgeoning crypto markets through a wide selection of trading instruments.

Cryptocurrencies Available

Trading Market

Currency Pair Price +2% Depth -2% Depth Volume Volume %
1 Currency Pair Price +2% Depth -2% Depth Volume Volume %
2 Bitcoin BTC/USDT $20,000 $400,000 $400,000 $100 million 35%
3 Ethereum ETH/USDT $1,500 $30,000 $30,000 $50 million 20%
4 Tether USDT/BTC $0.00 1,000 BTC 1,000 BTC $5 million 5%
5 Ripple XRP/USDT $0.40 $8,000 $8,000 $2 million 2%
6 Litecoin LTC/USDT $60 $1,200 $1,200 $1 million 1%
7 Binance Coin BNB/USDT $250 $5,000 $5,000 $3 million 3%
8 Cardano ADA/USDT $0.50 $10,000 $10,000 $500,000 0.50%
9 Dogecoin DOGE/USDT $0.10 $2,000 $2,000 $200,000 0.20%
10 Shiba Inu SHIB/USDT 0.0000025 $50,000 $50,000 $100,000 0.10%

Fees

Trading Type Maker Fee Taker Fee
Spot Trading 0.10% 0.20%
Margin Trading 0.08% 0.16%
Futures Trading 0.06% 0.12%
Options Trading 0.04% 0.08%

The table shows that Sunfswap exchange adjusts its maker and taker fees according to the relative risk levels of different trading types, with the highest fees for spot trades, lower fees for margin and futures, and the most competitive rates applied to options trades which pose the greatest risk.

AspireNow CryptoFX APP

Traders can enjoy the convenience of conducting global transactions with AspireNow CryptoFX at any time and from any location. The exchange provides a variety of operational methods to accommodate a wide range of user requirements.

- Web Platform: User-friendly interface for trading cryptocurrencies. It features a clean layout that is accessible from any modern web browser, allowing users to trade from their desktop or laptop computers.

- Mobile Platform: Traders can vailable for both iOS and Android devices and offers a streamlined version of the web platform with key features optimized for touch-screen interfaces.

AspireNow CryptoFX APP

Is Surfswap a Good Exchange for You?

Surfswap offers traders an industry-leading trading experience with its lightning-fast execution and low latency technology adapted from the London Stock Exchange. By leveraging this best-in-class infrastructure, Surfswap ensures ultra-competitive speeds suitable for professional traders. Its diverse suite of products also makes the exchange accessible for a broad range of skill levels, catering to both basic spot traders and sophisticated futures professionals alike.

  • Sophisticated Traders: Surfswap high-speed trading capabilities and API integration are tailored to meet the demands of professional traders seeking sophisticated features and customizable options. The exchange offers the advanced tools and technologies that seasoned traders need to implement their trading strategies with precision and efficiency.

  • Beginners: The intuitive design and accessibility features of Surfswap, including its web platform and mobile app, make it a great option for new traders. With its user-friendly interface, beginners can effortlessly maneuver the exchange and smoothly carry out trades.

FAQs

How do I create an account on Surfswap?

Surfswap, being a decentralized exchange, does not require you to create an account in the traditional sense. You simply need to connect your wallet, such as MetaMask or Trust Wallet, to start trading.

What security measures does Surfswap have in place to protect my assets?

Surfswap prioritizes security and adheres to the Cryptocurrency Security Standard (CCSS). It employs decentralized secure payment systems and offers multiple layers of security to safeguard user assets. However, it's important to note that Surfswap does not have a regulatory license, so users should take extra caution.

What cryptocurrencies are available for trading on Surfswap?

Surfswap offers a diverse range of over 20 cryptocurrencies for trading. This includes popular coins like Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and others. You can find the full list of supported cryptocurrencies on their platform.

How can I resolve issues or get support on Surfswap?

While Surfswap is a decentralized platform and may not have the same level of customer support as centralized exchanges, you can seek help through their community channels, such as Discord or Telegram groups. Additionally, you can refer to their FAQ section or community forums for troubleshooting common issues.

Risk Warning

Trading digital assets involves significant risk. Users should be aware that prices can fluctuate widely and liquidity can suddenly disappear. Surfswap warns that all cryptocurrency trading should be considered speculative and high-risk, as past performance does not guarantee future results. Traders must understand these risks and have the financial ability and willingness to lose their entire investment.