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KyberSwap is a decentralized cryptocurrency exchange (DEX) that launched on the Ethereum mainnet in 2018. Users can trade Ethereum (ETH) and 70+ listed ERC20 tokens on KyberSwap. The exchange utilizes Kyber Network’s on-chain liquidity protocol to make token swaps seamless for all available tokens.

Kyberswap Exchange - 2020 Comprehensive Review

Overall Score:

7.5
Trusted
Liquidity:
6.5 of 10
Purchase Options:
6.5 of 10
Ease of use:
8 of 10
Trust:
9 of 10
Fees:
7.5 of 10
Support:
6 of 10

Kyberswap Exchange Overview

Trading Fees Maker: 0% / Taker: 0%
Exchange Type Decentralized
Fiat Trading No
Purchase Options Crypto Deposits, Credit Cards
Android App Yes
iOS App Yes
Trading Options Spot Trading
Order Types Limit, Market
Exchange Token Kyber Network
Token Benefits The token is used for liquidity providers to pay listing fees. Traders also benefit from 100% Trading fee discount if you hold 2,000 KNC Tokens.
Charting Software TradingView
KYC Check No
KYC Rules Without KYC, each wallet address has a daily trading limit of $50,000 USD.
IEO Platform No
Education Resources No
Convert Micro Balance Yes
Institutional Accounts Yes
Trading API Yes
Deposit Insurance No
Withdrawal Speed Fast
Customer Service Support Ticket System
Promotions Frequent Trading Competitions.

Kyberswap Mobile App Features

Deposits

Yes

Withdrawals

Yes

Price Alerts

Yes

Margin Trading

No

Margin Funding

No

Live Chat Support

No

Kyberswap Trading Fees (Maker & Taker)

TierMonthly Volume RequirementMakerTakerMaker
Discount
Taker
Discount
Token Swaps$1.00 + KNC Balance = 0.000.00%0.00%0.00%0.00%
Limit Orders$1.00 + KNC Balance = 2,000.000.10%0.10%0.00%0.00%

Kyberswap Withdrawal Fees

KyberSwap has no withdrawal fees or minimum withdrawal amount requirements. Users must ensure that they have enough Ethereum (ETH) to pay for withdrawals, which are subject to gas fees.

Kyberswap Markets & Volume

Rank

135

Total Assets

54

Total Markets

53

Volume 24h

$1,217,866.29

Volume 7d

$45,799,256.12

Volume 30d

$482,261,540.00

Kyberswap Top Markets

Crypto AssetsPricePairs24h Volume
EthereumETH$375.0041$8,853,297.82

Kyberswap Supported Stablecoins

Stablecoin AssetsPricePairs24h Volume
USD CoinUSDC$1.001$2,073.85
TetherUSDT$1.001$770.21
DAIDAI$1.011$478.22
TrueUSDTUSD$1.001$33.73
Paxos StandardPAX$1.001$2.99

Kyberswap Exchange Alternatives

Rating7.5/105.5/106/10
Trading FeesMaker : 0%
Taker : 0%
Maker : 0.1%
Taker : 0.1%
Maker : 0.1%
Taker : 0.2%
Fiat TradingNoNoNo
Purchase OptionsCrypto Deposits, Credit CardsCrypto DepositsCrypto Deposits
Trading OptionsSpot TradingSpot TradingSpot Trading
IEO PlatformNoNoNo
Mobile AppsYesNoNo
HeadquartersSingaporeMaltaPanama
Learn MoreReviewReviewReview

Pros and Cons

Pros

  • Fiat Deposit Options - KyberSwap has partnered with Coindirect to give users an option to buy ETH with fiat. Although fees are quite high at 3.5%, KyberSwap is currently the only decentralized exchange that supports fiat deposits.
  • Liquidity - KyberSwap utilizes Kyber Network’s on-chain liquidity protocol that aggregates liquidity from a wide range of reserves. Traders don’t have to worry about the availability of market makers and takers for listed tokens - a very common problem on other DEXs.
  • Wrapped BTC (WBTC) - Kyber is a founding merchant, liquidity provider, and a DAO member of WBTC. This ERC20 token is used to represent the value of Bitcoin on the Ethereum blockchain. WBTC is listed on KyberSwap as well as other centralized and decentralized exchanges.
  • Popular Wallet Integrations: - Kyber has integrations with a number of popular crypto wallet providers including MyEtherWallet, imToken, Coinbase, and Enjin. Wallet owners can trade tokens using Kyber without having to leave these applications.
  • Limit Orders - Unlike other DEXs, Kyber provides a solution for non-custodial limit orders. This means traders can place limit orders without having to lock funds on the exchange. No deposits or withdrawals are required and funds remain in wallets until trades are executed. Fees for limit orders are as low as 0.1%, and KNC holders can make gas-free trades.
  • Mobile App - Available on iOS and Android, the mobile app version of KyberSwap is rich in features. Users can swap ERC20 tokens, create limit orders, transfer tokens, set price alerts, and create a watchlist for their favorite tokens.
  • Supported Tokens - 70+ ERC20 tokens are available for trading. Popular tokens available in addition to Kyber's native KNC token include: BAT, DAI, MKR, LINK, ZRX, and USDT.

Cons

  • Ethereum Blockchain Assets Only - Kyber does not currently support crypto assets that aren’t built on the Ethereum blockchain. This is currently the standard among decentralized exchanges.
  • Trading Costs Dependent On Gas Fees - Fees for market orders can vary and depend heavily on the amount of congestion on the Ethereum network. Gas fees for market orders increase as more users send transactions on Ethereum simultaneously. Until Ethereum’s scalability issues are solved, gas fee inconsistency is likely to remain an issue for KyberSwap.

Frequently Asked Questions

Is KyberSwap safe?

Does KyberSwap have a mobile app?

How are KyberSwap fees calculated?

What is the Kyber Network Crystal (KNC)?

Does KyberSwap offer margin trading?

Summary

As of November 2019, over 490,000 transactions have been made on KyberSwap. This accounts for roughly 4% of the total transactions on Ethereum-based DEXs. Only IDEX, Ether Delta, and DDEX have more total transactions.

What sets KyberSwap apart from other decentralized exchanges is their focus on building a simple, yet powerful user experience that reduces the friction of decentralized trading. Integrations with many of the market’s top wallets demonstrate how Kyber is making it easier, faster, and cheaper to complete decentralized crypto-to-crypto trades.

Blockfer recommends KyberSwap for users seeking a private and seamless decentralized trading experience.

Learn More Best Features

KyberSwap Official Website

  • Low trading fees. Free for market buy orders and 0.1 fees for Maker / Taker limit orders.
  • One of the largest decentralized, non-custodial exchanges.
  • Great decentralized liquidity on ETH/DAI ETH/USDC and ETH/USDT markets.

Legal & Regulation - Facts & Figures

Legal Name KYBER NETWORK PTE. LTD
Incorporated Country Singapore
Headquarters Singapore
Year Founded 2017
CEO Loi Luu
Total Employees 25-50
Regulators Monetary Authority of Singapore (MAS)
Links Website, Crunchbase, Whitepaper, Source code, Twitter, Blog, LinkedIn

Methodology: How We Review And Compare

Our mission is to provide the most informative, unbiased, and useful reviews and comparisons possible for products and services in the blockchain finance industry. Assessments are powered by experts with years of relevant experience.

The decentralized cryptocurrency exchanges found in this category have been tested extensively by our team as part of the review process. Factors we analyze in our decentralized exchange reviews and comparisons include: liquidity, user experience, trading fees, trading options, listed assets, reputation, and wallet integrations.

The Blockfer Promise: We do everything in our power to keep content up to date and in the best interests of our audience. Blockfer does not shy away from poor ratings. Products or services that do not meet our reputability standards will be rated as 'Not Trusted'. Compensation from partners does not, and will never, effect our review process.

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