Decentralized Exchange

AirSwap Review 2023 – A Comprehensive Guide to the Zero-Fee Decentralized Exchange

Author: Sohrab Khawas

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    Decentralized finance (DeFi) has been gaining attention in recent years, providing an alternative to centralized exchanges by allowing users to trade cryptocurrencies without the need for intermediaries. These decentralized exchanges, also known as DEXs, have become increasingly popular due to their security and transparency features. Among them, AirSwap stands out as a unique DEX with its own token AST. In this review, we will cover everything you need to know about the AirSwap DEX. 


    Official Web Address 
    HeadquartersUnited States
    Country of OriginUnited States
    FounderMichael Oved and Don Mosites
    Founding Year2017
    Exchange TypeDecentralized
    Trading OptionsSwap
    Gas fees0
    No of Tokens100+
    Native TokenAST
    Fiat currenciesNot supported
    Mobile AppNo official App

    What is AirSwap?

    AirSwap is a decentralized cryptocurrency exchange that allows users to trade Ethereum tokens directly with one another. The platform, created by a US-based startup, is unique in that it offers features beyond those found on other decentralized and centralized exchanges. It is becoming increasingly popular due to its native crypto token and its lack of trading, deposit, and withdrawal fees.

    Unlike other decentralized exchanges, AirSwap is a standalone service that does not rely on third-party assistance for storing and managing user funds. This means that users are in complete control of their crypto assets and can execute trades anonymously, as account registration is not required. Additionally, the platform provides a secure and user-friendly experience, making it a great option for high-volume traders.

    The platform’s native token, AST, is used to pay for platform utilities and is the main source of revenue for the platform. The platform does not charge any fees on deposits and withdrawals and users can participate in proposals and voting by using AST.

    Airswap exchange page

    Features of AirSwap

    AirSwap offers a number of features that make it an attractive option for traders. Some of these features include

    • Decentralized: AirSwap operates on the Ethereum blockchain, which means that it is not controlled by any central authority. This decentralization provides a high level of security and transparency for users.
    • Transaction Fees: The platform does not charge any transaction fee which is a massive advantage for crypto investors.
    • Peer-to-Peer: AirSwap allows users to trade tokens directly with one another, without the need for an intermediary. This eliminates the need for users to trust a central authority with their funds.
    • Token Listing: AirSwap has a token listing process that allows new tokens to be added to the platform. This enables a wider variety of tokens to be traded on the platform.
    • Easy to Use: AirSwap has a user-friendly interface that makes it easy for beginners to start trading on the platform. However, a learning curve is there for using this. 

    Cryptocurrencies Supported on AirSwap

    Airswap supports different types of digital currencies that are built on the Ethereum blockchain. These include 

    • Ethereum
    • AirSwap token
    • Augur Coin
    • Ox Protocol
    • Aelf
    • Basic Attention Token
    • Binance Coin
    • Bloom token
    • Dai
    • DigixDAO.

    How to Start Trading on AirSwap

    Starting to trade on AirSwap is relatively straightforward. Here’s a quick guide on how to get started:

    • Go to the AirSwap exchange
    • Search for the token you want to buy in the checkout widget or ticker section
    • Enter the number of tokens you want to buy
    • Click on “Get quotes”
    • Review quotes from different peers
    • Optional: add the gas fee for faster transaction
    • Sign the confirmation of the trade within the wallet
    • Wait for the transaction to be settled and credited to your wallet

    Exchange Fees and Supporting Payments

    The native Token of the platform is AST. It is used to pay for platform utilities and is the main source of revenue for the platform. AirSwap does not charge any fees on deposits or withdrawals. The users can participate in proposals and voting using AST. It does not support Fiat currency, hence you need to buy Ethereum from other central exchanges to begin swapping on this exchange. 

    Customer Support

    AirSwap has a customer support team that is available to assist users with any issues they may encounter while using the exchange. Users can contact customer support via the AirSwap website or through the company’s social media channels.


    Airswap is a decentralized exchange built on the Ethereum network. One of the key features of Airswap is that it does not charge any fees on transactions, deposits, or withdrawals. Instead, the exchange generates revenue through its native token, the Airswap token. Every maker is required to stake 250 Airswap tokens.

    One of the main advantages of using a decentralized exchange like Airswap is that users keep control of their own funds, which reduces the risk of security breaches. Additionally, since decentralized exchanges have servers spread out around the globe, it is much more difficult for hackers to gain access to all of them, providing an additional layer of security.


    Is AirSwap Safe?

    AirSwap is a secure decentralized exchange that distributes its services globally, making it difficult for hackers to access all of its servers. Users also do not store their funds in the exchange, making it even more secure.

    How AirSwap benefit from its native token – AST?

    AirSwap uses its own token, AirSwap-token, and instead of charging trading fees, it requires users to stake 250 tokens. This provides the exchange with a significant competitive edge. They make a profit from the AirSwap-token and do not charge any withdrawal or deposit fees. They do not allow fiat-crypto trading which may deter some new investors.

    What cryptocurrencies are supported on AirSwap?

    AirSwap supports most ERC tokens and platform-native tokens that are managed on the Ethereum blockchain.

    Can I trade fiat currency on AirSwap?

    No, AirSwap does not support fiat-crypto trading.

    • Security
    • User Experience
    • Fees
    • Customer Support


    • No trading fees
    • No censorship
    • Full control for users
    • No account registration required
    • Standalone exchange


    • Only supports Ethereum-based tokens
    • No Fiat Currency supported
    • Less liquidity
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