Ankerswap Crypto Exchange Review - Is It Legit or a Scam?
Sep, 22 2025
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If you’re looking for an Ankerswap review, you’ve come to the right place. The short answer? There’s no credible evidence that Ankerswap even exists as a legitimate cryptocurrency exchange in 2025. Below we break down why the name is missing from every trusted source, what red flags to watch for, and how you can protect yourself when choosing a platform to trade crypto.
Why Ankerswap Doesn’t Appear in Trusted Listings
Industry databases such as CoinGecko and Alchemy’s Dapp Store catalog hundreds of exchanges that meet clear thresholds - minimum daily volume, third‑party security audits, and verified corporate registration. A deep dive across these sites, plus regulator registries (ASIC, FINCEN, EU licensing bodies), returns zero mentions of Ankerswap.
Even the most comprehensive market reports - from Cryptonews Australia’s 2025 exchange roundup to Koinly’s fee and compliance guide - list only established platforms like Binance, Coinbase, Kraken, and regional players such as Swyftx. The absence suggests one of three possibilities:
- It’s a brand new venture that hasn’t met listing thresholds (unlikely given the six‑month operational history most directories require).
- It’s a rebranded or misspelled name for an existing exchange (no evidence of that either).
- It’s a fraudulent or non‑existent entity designed to lure unsuspecting traders.
Given that even nascent, low‑volume exchanges like Day1x appear in Alchemy’s directory, the most plausible scenario is that Ankerswap is not a real exchange.
How to Verify a Crypto Exchange’s Legitimacy
Before you commit any funds, run through this systematic vetting process:
- Check official registries. Look for a corporate registration number, ASIC license (Australia), or a FINCEN charter (US). Legit platforms proudly display these details on their “About” page.
- Search reputable aggregators. CoinGecko, CoinMarketCap, and Alchemy maintain strict inclusion criteria - a missing listing is a red flag.
- Confirm security audits. Third‑party audits from CertiK, Hacken, or Quantstamp should be publicly linked. No audit, no trust.
- Read community feedback. Trustpilot, Reddit (r/CryptoCurrency, r/Bitcoin), and specialized forums surface real‑world experiences. An exchange with zero mentions after months of operation is suspicious.
- Evaluate fee transparency. Transparent fee schedules (e.g., 0.1%‑0.6% spot trading) indicate regulatory compliance. Hidden or vague fees often accompany scams.
- Test API and developer support. Real exchanges provide API docs, SDKs, and active GitHub repos. Absence suggests the platform isn’t built for integration.
Applying this checklist to Ankerswap fails every step - no registration, no listing, no audit, no community chatter, no API docs.
Red Flags Specific to Ankerswap
Even without concrete details, the pattern of omission tells a story. Here are the warning signs you should treat as deal‑breakers:
- No verifiable headquarters. Legit exchanges disclose a physical address; Ankerswap’s web pages (if they exist) provide none.
- Zero trading volume data. Platforms like Binance report daily volumes in the billions; no analytics service shows Ankerswap’s numbers.
- Lack of KYC/AML policies. Regulatory compliance is non‑negotiable for reputable crypto businesses. Ankerswap’s absence from any KYC guideline is suspicious.
- No security certifications. CertiK, Hacken, and other audit firms have no record of assessing Ankerswap.
- No user reviews. Even the smallest exchanges accrue at least a handful of Trustpilot or Reddit comments. Ankerswap is silent across all forums.
Alternatives You Can Trust
If you’re new to crypto or just need a reliable platform, consider these vetted options that meet all the checks above:
- Binance - Global leader, 500+ assets, robust security, transparent fee tiers.
- Coinbase - US‑regulated, strong KYC, beginner‑friendly UI, clear fee schedule.
- Kraken - High liquidity, low fees (0‑0.4% spot), strong compliance record.
- Swyftx - Australian ASIC‑registered, 4.3/5 Trustpilot rating, perfect for NZ and AU users.
- OKX - Offers trading bots, derivatives, and a solid audit trail.
All of these exchanges appear in CoinGecko’s trust‑scored rankings, have published security audits, and host active developer communities.
Quick Checklist for Safe Exchange Trading
| Criteria | What to Look For |
|---|---|
| Regulatory License | ASIC, FINCEN, EU MiCA, or similar official registration. |
| Security Audits | Third‑party reports from CertiK, Hacken, or Quantstamp. |
| Trading Volume | Verified daily volume on CoinGecko or CoinMarketCap. |
| Transparent Fees | Published maker/taker rates, withdrawal fees. |
| Community Feedback | At least 10+ reviews on Trustpilot/Reddit. |
| Developer Support | Public API docs, SDKs, active GitHub repo. |
Any platform that fails one or more rows should be approached with extreme caution.
Next Steps and What to Do If You’ve Already Used Ankerswap
Found yourself stuck with an account on a site that can’t be verified? Here’s a recovery plan:
- Stop all deposits immediately. Withdrawing is your only safe exit.
- Document everything - screenshots, email correspondence, transaction IDs. \n
- Report the incident to your local financial regulator (e.g., New Zealand’s Financial Markets Authority) and to any anti‑fraud hotlines.
- If you suspect theft, file a police report with the transaction hashes; blockchain analysis firms can sometimes trace funds.
- Consider reaching out to community watchdogs like r/CryptoCurrency’s “Scam Alerts” thread for additional support.
The best defense is prevention, but if you’re already in the weeds, acting fast can limit loss.
Is Ankerswap a real cryptocurrency exchange?
No credible source lists Ankerswap as an operating exchange in 2025. Lack of registration, audit reports, and community feedback strongly indicates it does not exist as a legitimate platform.
How can I verify if a crypto exchange is legit?
Check regulatory licenses, search trusted aggregators (CoinGecko, CoinMarketCap), look for third‑party security audits, read user reviews, and confirm transparent fee structures and API documentation.
What are common red flags for scam exchanges?
Missing registration, zero trading volume, no security audits, vague KYC policies, absence of user feedback, and lack of developer resources are typical warning signs.
Can I recover funds if I’ve deposited into a fraudulent exchange?
Recovery is difficult, but you should stop deposits, document everything, report to regulators and law enforcement, and share details with crypto‑crime watch groups.
Which exchanges are safe for beginners in New Zealand?
Swyftx (ASIC‑registered) and Coinbase (US‑regulated) are widely recommended for NZ users due to clear KYC, strong security, and local support.
