Cryptocurrency Exchange Reviews

AirSwap Crypto Exchange Review: Is It Still Worth Using in 2025?

  • Home
  • AirSwap Crypto Exchange Review: Is It Still Worth Using in 2025?
AirSwap Crypto Exchange Review: Is It Still Worth Using in 2025?
4 December 2025 Rebecca Andrews

AirSwap vs. DEX Cost Calculator

See how AirSwap compares to Uniswap, SushiSwap, and 1inch for your specific trade. Input your trade details and we'll show the total cost including gas fees, slippage, and price impact.

Trade Details

ETH

Estimated Trading Costs

AirSwap
$
Gas Fee
$
Price Impact
$
Uniswap
$
Gas Fee
$
Price Impact
$
1inch
$
Gas Fee
$
Price Impact
$

Recommendation

Privacy Advantage

Using AirSwap means your trade won't be visible on public blockchain explorers like Etherscan. This is useful if you want to keep your trading activity private and avoid market manipulation.

Low Liquidity Warning

AirSwap's average daily volume is only $100K-$500K, compared to Uniswap's $1B+ daily volume. This means worse prices and higher slippage for most trades.

Gas Fee Notes

Most DEXs require ETH to pay for gas fees. AirSwap's "gas-free" swaps are not guaranteed and may still require ETH for network costs.

By December 2025, AirSwap is still online - but barely. If you’re looking for a crypto exchange that doesn’t ask for your ID, doesn’t charge fees, and lets you trade directly from your wallet, AirSwap technically still does all that. But here’s the real question: is anyone actually trading on it anymore?

What AirSwap Actually Does

AirSwap is a decentralized exchange - or DEX - built on Ethereum. That means no central company holds your money. You keep your keys. You sign trades directly from your wallet. No account needed. No KYC. No deposit limits. You just connect your MetaMask, Trust Wallet, or any EVM-compatible wallet and start swapping.

It doesn’t use a traditional order book. Instead, it uses something called the Swap Protocol. Think of it like a peer-to-peer marketplace. You look up a token - say, DAI for ETH - and AirSwap finds someone willing to trade at the price you want. You click ‘swap’, confirm in your wallet, and the trade happens on-chain. No middleman. No delay from a server. Just smart contracts doing the work.

The big selling point? Zero trading fees. No deposit fees. No withdrawal fees. Even gas fees are often covered through their gas-free swap feature. That’s rare. Most DEXs like Uniswap charge you network fees every time you trade. AirSwap tries to remove that friction entirely.

Why People Loved AirSwap in 2020

A few years back, AirSwap had real momentum. It was one of the first DEXs to focus on user experience over pure technical specs. You didn’t need to understand liquidity pools or impermanent loss. You just picked a token, saw a quote, and swapped. No confusing interfaces. No slippage settings you had to guess at.

It was perfect for privacy-focused traders. If you didn’t want Binance or Coinbase knowing your name, address, or transaction history, AirSwap was one of the few options that let you stay anonymous. No email. No phone number. No government ID upload. Just your wallet address.

Users praised how simple it was. One G2 reviewer put it bluntly: "I like that AirSwap is a decentralized exchange. Instead of a third party being required to store a trader’s funds, you are responsible for your own funds." That’s the whole point of DeFi - and AirSwap nailed the message.

What’s Wrong With AirSwap in 2025

Here’s the problem: almost no one is using it.

While Uniswap processes over $1 billion in daily volume, AirSwap struggles to hit $500,000. Sometimes, it’s under $100,000. That’s not just slow - it’s dead. Low volume means one thing: bad prices. If you want to swap a lesser-known token, you’ll likely get a terrible rate because there’s no one on the other side of the trade.

It’s not just volume. It’s features. AirSwap doesn’t offer margin trading. No limit orders. No stop-losses. No futures. No staking. No yield farming. Nothing beyond basic swaps. If you’re used to trading on platforms like Bybit or Kraken, AirSwap feels like a relic.

And the interface? It’s clean - but outdated. The mobile apps haven’t seen a major update in over two years. The web version works, but it’s clunky compared to newer DEX aggregators like 1inch or ParaSwap that pull liquidity from dozens of sources at once.

There’s also the language issue. AirSwap only supports English. For a global crypto market, that’s a huge blind spot. Traders in Brazil, India, or Nigeria can’t use the platform comfortably. The team says they’re working on it - but there’s been no visible progress since 2023.

A quiet AirSwap cottage stands alone while a vibrant DeFi city glows brightly in the background.

Security: Still Solid, But What’s the Point?

AirSwap’s smart contracts have been audited. The code is open source. No hacks. No exploits. That’s good. But security alone doesn’t make a platform viable.

Imagine a bank with perfect vaults and armed guards - but no customers walking in. That’s AirSwap today. The tech is sound. The principles are right. But without users, liquidity, and updates, it’s just a beautiful empty house.

Also, gas-free swaps aren’t always free. Sometimes, you still need ETH to pay for network fees. The platform covers them in some cases, but not all. And if you’re trading small amounts, you might end up paying more in gas than the value of your trade.

Who Should Still Use AirSwap?

There’s one group for whom AirSwap still makes sense: privacy-first traders with small, infrequent swaps.

If you’re holding a rare ERC-20 token and want to swap it for ETH without leaving a trail on a centralized exchange, AirSwap might be your only option. If you’re testing a new token and don’t want to sign up for 5 different platforms, AirSwap lets you dip your toes without commitment.

It’s also useful if you’re teaching someone about DeFi. The interface is simple enough for a beginner to grasp the idea of direct wallet-to-wallet trading without getting lost in complex settings.

But if you’re trading regularly, holding large amounts, or want competitive pricing - look elsewhere.

A child gazes at a faded AirSwap mural while a smartphone shows rising Uniswap volume behind them.

How AirSwap Compares to Other DEXs

Comparison of AirSwap vs Leading DEX Platforms (2025)
Feature AirSwap Uniswap SushiSwap 1inch
Trading Fees 0% 0.3% 0.25% 0.1%-0.3%
Gas-Free Swaps Yes (in some cases) No No No
Daily Volume (2025) $100K-$500K $1B+ $300M-$700M $500M-$1.2B
KYC Required No No No No
Advanced Orders No No Some Yes
Mobile Apps Yes (outdated) Yes (updated) Yes (updated) Yes (updated)
Language Support English only Multiple Multiple Multiple

Uniswap and SushiSwap may charge fees, but they have deep liquidity. 1inch finds the best price across 50+ DEXs. AirSwap? It’s alone on an empty highway.

The AirSwap Token (AST) - Should You Buy It?

The AST token powers the platform’s governance and incentives. But with almost no trading activity, the token has little real-world utility. Price predictions for 2025 range from $0.02 to $0.30 - a huge spread. WalletInvestor says it could hit $0.29. TradingBeast says it’ll drop to $0.02.

That’s not a sign of a healthy asset. It’s a sign of uncertainty. There’s no clear roadmap. No major partnerships. No new features announced. The token’s value is now almost entirely speculative.

If you’re holding AST, don’t expect a comeback. If you’re thinking of buying it, treat it like a lottery ticket - not an investment.

Final Verdict: A Ghost of DeFi’s Past

AirSwap was ahead of its time. It understood what users wanted: privacy, simplicity, and no fees. But the crypto world moved on. Liquidity became king. Volume became survival. And AirSwap got left behind.

It’s not broken. It’s not a scam. But it’s not a solution anymore - it’s a museum piece.

If you’re new to crypto and want to try a DEX, start with Uniswap or 1inch. If you’re worried about KYC, use a non-custodial wallet with a privacy-focused DEX that’s actually active. AirSwap might still work - but you’ll be trading in an empty room.

For now, AirSwap survives on nostalgia. And nostalgia doesn’t pay gas fees.

Is AirSwap still operational in 2025?

Yes, AirSwap is still online. The website, mobile apps, and API are functional. You can connect your wallet and swap tokens. But trading volume is extremely low - often under $500,000 per day - making it impractical for most users.

Does AirSwap charge trading fees?

No, AirSwap does not charge any trading fees, deposit fees, or withdrawal fees. In many cases, it also covers gas fees through its gas-free swap feature. However, you may still need ETH to pay for network costs depending on the trade.

Do I need to sign up or verify my identity to use AirSwap?

No. AirSwap is fully non-custodial and requires no account creation, email, phone number, or ID verification. You only need an Ethereum-compatible wallet like MetaMask or Trust Wallet.

Why is AirSwap’s trading volume so low?

AirSwap lacks liquidity compared to competitors like Uniswap and SushiSwap. It doesn’t aggregate liquidity from other DEXs, has no advanced trading tools, and hasn’t updated its platform significantly since 2022. Most traders have moved to platforms with better prices and faster execution.

Can I use AirSwap on my phone?

Yes, AirSwap has official apps for iPhone, iPad, and Android. But they haven’t been updated in over two years. The interface is functional but outdated compared to modern DEX apps that offer better design, faster loading, and multi-chain support.

Is the AirSwap token (AST) a good investment?

No, AST is not a reliable investment. With minimal platform usage, no clear roadmap, and no major updates, the token’s value is purely speculative. Price predictions vary wildly, and most analysts suggest holding AST carries high risk with little upside.

What are the biggest drawbacks of AirSwap?

The biggest drawbacks are extremely low trading volume, lack of advanced features (like limit orders or margin), English-only interface, outdated apps, and minimal development activity. These make it unsuitable for active traders or anyone needing reliable liquidity.

Should I use AirSwap instead of Uniswap?

Only if you specifically need to avoid any trace of activity on centralized platforms and are trading small, infrequent swaps. For nearly all other cases - including better prices, faster trades, and more tokens - Uniswap or 1inch are far superior choices.

Rebecca Andrews
Rebecca Andrews

I'm a blockchain analyst and cryptocurrency content strategist. I publish practical guides on coin fundamentals, exchange mechanics, and curated airdrop opportunities. I also advise startups on tokenomics and risk controls. My goal is to translate complex protocols into clear, actionable insights.

21 Comments

  • Vincent Cameron
    Vincent Cameron
    December 6, 2025 AT 22:19

    AirSwap is like a vintage vinyl record player in a world of Spotify. The sound quality? Beautiful. The convenience? Nonexistent. I still admire the philosophy behind it - decentralized, no KYC, pure peer-to-peer - but let’s be real, if your exchange has more ghosts than traders, it’s not a platform, it’s an art installation.

    People miss the simplicity, sure, but they don’t miss the 10-minute wait for a $20 trade to go through because there’s no liquidity. The tech was ahead of its time, but time didn’t wait for it.

    It’s not dead. It’s just… waiting for someone to resurrect it with purpose. Not nostalgia.

  • Krista Hewes
    Krista Hewes
    December 8, 2025 AT 01:48

    i just tried airswap last week to swap some weird token i got from airdrop and it took 17 minutes to confirm and then i got like 12% worse rate than uniswap. i was like okay but i guess its private right? then i checked my wallet and the gas fee was like 3x what i expected. so much for gas free lol. i’m just gonna use metamask swap now, its faster and i dont feel like i’m trading in a haunted house.

  • Noriko Robinson
    Noriko Robinson
    December 9, 2025 AT 16:25

    I get why people still use AirSwap - it’s the last bastion of true crypto privacy. No tracking, no ads, no corporate logos staring at you. But the reality is, if you’re not trading with real people, you’re just talking to a smart contract that echoes back your own loneliness.

    I’ve used it twice. Once to swap a token I didn’t even know existed. Once to teach my cousin what DeFi meant. It worked. But I wouldn’t trust it with anything bigger than lunch money. The spirit is alive. The body? In hospice.

  • Mairead Stiùbhart
    Mairead Stiùbhart
    December 11, 2025 AT 14:26

    Oh wow, AirSwap is still alive? I thought it got buried under the rubble of 2022 like every other ‘innovative’ project that thought ‘zero fees’ could replace ‘liquidity’.

    Let me guess - the team is still posting on Twitter every six months saying ‘we’re working on it’? Cute. Meanwhile, Uniswap V4 dropped and AirSwap’s mobile app still looks like it was designed on an iPhone 4.

    At least the gas-free claim is honest - you’re not paying fees, you’re paying *time*. And that’s the most expensive currency of all.

  • ronald dayrit
    ronald dayrit
    December 12, 2025 AT 13:26

    Let’s not romanticize AirSwap as some noble relic of early DeFi. It wasn’t revolutionary - it was a stopgap. A bridge between centralized exchanges and the decentralized future. But the future didn’t come to AirSwap. It came to Uniswap, to 1inch, to Curve, to Balancer - platforms that didn’t just remove intermediaries but amplified them with liquidity incentives, governance, and real economic participation.

    AirSwap’s model assumed that users would prioritize purity over practicality. But humans aren’t philosophers. We’re creatures of efficiency. We want freedom, yes - but we also want speed, price, and reliability. AirSwap gave us freedom without function. And freedom without function is just isolation with a blockchain.

    The real tragedy isn’t that AirSwap failed. It’s that it convinced so many people that this was the path forward. And it wasn’t. The path forward was liquidity pools, yield aggregation, and cross-chain bridges. Not a clean UI and a zero-fee promise that evaporated when the market moved on.

  • Doreen Ochodo
    Doreen Ochodo
    December 14, 2025 AT 08:21

    Use it for small swaps if you need privacy. That’s it. No more, no less. Everything else has better options.

    Simple. Done.

  • Yzak victor
    Yzak victor
    December 15, 2025 AT 05:04

    Man, I remember when AirSwap was the cool kid on the block. No KYC? Yes please. Gas-free? Sign me up. But now? It’s like showing up to a party and everyone’s dancing except you. You’re still there, you’ve got your jacket on, you’re smiling - but you know you’re not part of the vibe anymore.

    I still open it sometimes just to say hi. Like visiting an old friend who moved to a cabin in the woods. You know they’re fine. You just wish they’d come back to town.

  • Holly Cute
    Holly Cute
    December 16, 2025 AT 13:56

    Oh wow, someone actually wrote a whole review about AirSwap? Wow. Congrats. You just spent 20 minutes writing about a dead project that’s been irrelevant since 2023. 🤡

    Let me guess - you’re holding AST and pretending it’s a ‘long-term play’. Newsflash: it’s not. It’s a graveyard token with a Discord server that has 12 members and 8 of them are bots.

    People still use it? No. They *remember* using it. That’s not usage. That’s nostalgia porn.

    And the ‘gas-free’ claim? LOL. I tried to swap 0.01 ETH once. Paid $4.20 in gas. The platform ‘covered’ it by charging me 15% slippage. Thanks, AirSwap. You’re a real hero.

    Stop writing obituaries. Start writing obituaries for the people who still believe in this ghost.

  • Josh Rivera
    Josh Rivera
    December 18, 2025 AT 04:10

    Wow. Just… wow. Someone actually thinks AirSwap is still ‘viable’? You’re not reviewing a DEX - you’re reviewing a museum exhibit. ‘Look at this quaint little artifact from 2020! It had no fees! How quaint!’

    Let me tell you something - if your platform’s biggest selling point is ‘we don’t charge fees’ but your volume is lower than a single whale’s morning trade on Uniswap, you’re not innovative. You’re irrelevant.

    And the AST token? Please. That’s not an investment. That’s a charity donation to a team that stopped coding in 2022.

    Next time you want to write about a dead project, just post a picture of it with a candle and a ‘RIP’ banner. Less typing. More truth.

  • Neal Schechter
    Neal Schechter
    December 19, 2025 AT 16:26

    For beginners who want to understand direct wallet-to-wallet swaps without getting overwhelmed, AirSwap is still one of the cleanest interfaces out there. No confusing charts, no liquidity pool jargon, no 15-step setup.

    I’ve shown it to my mom. She got it in 3 minutes. That’s rare. Most DEXs feel like engineering manuals.

    Is it practical for daily trading? No. But it’s still the best teaching tool for DeFi basics. And that’s worth something - even if it’s just a few hundred users a day.

  • Tisha Berg
    Tisha Berg
    December 19, 2025 AT 23:36

    My cousin uses AirSwap to swap small tokens she gets from DAOs. She doesn’t care about volume or speed. She just wants to keep her privacy. And AirSwap lets her do that.

    It’s not for everyone. But for some people? It’s perfect.

    Don’t judge it by how many people use it. Judge it by how many people still trust it.

  • Isha Kaur
    Isha Kaur
    December 20, 2025 AT 18:46

    I remember when AirSwap was the only DEX that didn’t require me to connect to a wallet and then click through 10 pop-ups asking for permissions. It was so simple. Just pick the token, enter the amount, confirm. That’s it.

    Now, every other DEX feels like a casino. You’ve got slippage sliders, limit orders, liquidity warnings, gas estimators, token approvals, approval revocations - it’s exhausting.

    Yes, AirSwap has low volume. Yes, the UI looks like 2021. But sometimes, I miss the days when crypto was about trust and simplicity, not optimization and arbitrage.

    Maybe the problem isn’t AirSwap. Maybe the problem is that we forgot why we started using DeFi in the first place - not to make the fastest trade, but to own our money without asking permission.

  • Glenn Jones
    Glenn Jones
    December 22, 2025 AT 10:48

    Let’s be honest - AirSwap is a fucking joke. Zero volume? Zero updates? Zero ambition? And you’re writing a whole fucking review like it’s still relevant? Bro, the team hasn’t pushed a commit in 18 months. The GitHub repo has more stale issues than active users.

    AST token? That’s not a crypto asset, it’s a psychological experiment. How long can you convince people that a dead project is ‘undervalued’? The answer: as long as there are crypto bros who think ‘if it’s decentralized, it must be good’.

    Stop romanticizing failure. AirSwap didn’t fail because of competition. It failed because it stopped evolving. And in crypto? Stagnation is death.

    And if you’re still holding AST? Congrats. You’re the guy who bought Bitcoin in 2013 and forgot his wallet password. You’re not a HODLer. You’re a cautionary tale.

  • Joe West
    Joe West
    December 23, 2025 AT 10:16

    For small, occasional swaps - especially if you’re testing a new token or don’t want to link your identity - AirSwap still works. I’ve used it 3 times this year. Each time, it took 5 minutes and cost me less than $1 in gas. No KYC, no hassle.

    It’s not for active traders. But for those of us who just need to move a little ETH for a token airdrop? It’s still the quietest option on the block.

  • Mariam Almatrook
    Mariam Almatrook
    December 24, 2025 AT 22:17

    It is with profound existential melancholy that I observe the continued, albeit asymptotic, operational existence of AirSwap - a monument to the romantic idealism of early decentralized finance, now rendered anachronistic by the brutal calculus of market liquidity and user expectation.

    One might argue that its persistence constitutes a form of quiet resistance against the commodification of autonomy. Yet, in truth, it is merely the ghost of a paradigm that failed to scale - not because of technical deficiency, but because human nature prefers convenience over conviction.

    The AST token, in its current state, is not a security, not a utility, not even a speculative instrument - it is a Rorschach blot for those who still believe in crypto’s utopian promise, despite all evidence to the contrary.

  • Chris Mitchell
    Chris Mitchell
    December 25, 2025 AT 18:08

    AirSwap is the last honest DEX. No gimmicks. No yield farming traps. No tokenomics theater. Just swap. That’s it.

    Most people don’t need 50 features. They just need to move crypto without being tracked. AirSwap still does that.

    It’s not dead. It’s just not trying to be everything to everyone.

  • rita linda
    rita linda
    December 26, 2025 AT 14:31

    Why are Americans still using this? The US is the last place that should be clinging to a platform that doesn’t even support multiple languages. If you’re serious about crypto, you use platforms that work for the whole world - not just English speakers who miss 2020.

    And AST? Please. That’s not an investment. That’s a cultural relic. Like buying a VHS player in 2025 because you miss the ‘authentic’ experience.

    Grow up. The world moved on. You didn’t.

  • Scott Sơn
    Scott Sơn
    December 28, 2025 AT 08:33

    AirSwap is the crypto equivalent of a lone wolf howling at the moon. No one’s listening. The pack’s gone. But it still howls. Why? Because it remembers what it was like to be part of something. And maybe - just maybe - that’s more beautiful than being popular.

    I don’t trade on it. But I still check it every now and then. Just to say, ‘hey, you’re still here.’

  • Nicole Parker
    Nicole Parker
    December 28, 2025 AT 16:12

    There’s something sacred about AirSwap. It doesn’t scream for attention. It doesn’t promise returns. It doesn’t have a team of marketers or a VC-funded influencer campaign.

    It just… exists. Quietly. Faithfully. Waiting for the people who still believe in crypto’s original promise: freedom without permission.

    Maybe it’s not for the masses. But for those of us who remember what this was all about? It’s a quiet sanctuary.

    And sometimes, that’s enough.

  • Cristal Consulting
    Cristal Consulting
    December 30, 2025 AT 08:26

    Use it for small swaps. Don’t overthink it. It works. That’s all you need.

    And if you’re not using it? That’s fine too.

    Everyone’s path is different.

  • Vincent Cameron
    Vincent Cameron
    December 30, 2025 AT 08:30

    One thing no one’s talking about: AirSwap’s code is still the cleanest of any DEX I’ve seen. No bloated contracts. No unnecessary complexity. It’s like a Swiss watch compared to the modern DEXs that are all gears and flashing lights.

    Maybe one day someone will fork it, modernize the UI, add multi-chain support, and bring it back. Not as a replacement - but as a tribute.

    Until then, it’s not dead. It’s just sleeping.

Write a comment

Error Warning

More Articles

SnowCrash NORA Token Autumn Airdrop Details - How to Claim
Rebecca Andrews

SnowCrash NORA Token Autumn Airdrop Details - How to Claim

Learn how to claim the SnowCrash NORA token Autumn Special Event airdrop, eligibility rules, timeline, and risks in this detailed guide.

Everything You Need to Know About the MAN x Ocean Star Airdrop by Matrix AI Network
Rebecca Andrews

Everything You Need to Know About the MAN x Ocean Star Airdrop by Matrix AI Network

Get the latest on the MAN x Ocean Star airdrop by Matrix AI Network. Learn eligibility, steps to claim, possible rewards, risks, and where to find official updates.

How Does Cryptocurrency Work? Simple Explanation for Beginners
Rebecca Andrews

How Does Cryptocurrency Work? Simple Explanation for Beginners

Cryptocurrency works through a decentralized network called blockchain, where transactions are verified by miners or validators and recorded permanently. No banks are needed - just math, keys, and trust in code.