Coinswap presents itself as a legitimate trading platform, but the evidence tells a different story. Here is what our review of Coinswap uncovered.
None found
High (4/4)
Undisclosed
Avoid — do not deposit
Who is Coinswap?
Coinswap markets itself as an online trading and investment service. Its public site is presented at https://coinswap.fm/. As with most operations of this kind, the polished front end conceals a lack of the basic protections a real, regulated broker is required to provide.
Is Coinswap regulated?
We could find no evidence that Coinswap holds a valid licence from any recognised financial regulator. Trading client funds without authorisation is one of the strongest indicators of a scam — there is no regulator to complain to, and no protection for your money.
Red flags we identified
- Offshore or shell-company registration used to avoid oversight
- Opaque or anonymous corporate ownership
- Unrealistic profit claims and pressure to deposit more
- No credible physical address or verifiable corporate record
- No verifiable licence from a recognised financial regulator
Our analysis
On 30 Nov 2022, the Swiss Financial Market Supervisory Authority (FINMA) issued a warning that Coinswap was not entered in commercial register. You may visit: https://www.finma.ch/en/finma-public/warning-list/coinswap-fm/
Can you recover money lost to Coinswap?
If you have deposited with Coinswap, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.
Were you scammed by Coinswap?
You may still have options. Our team can trace where your funds went and tell you honestly whether recovery is realistic — with a free, confidential case review.
Start a free recovery review →Warning: never pay an upfront fee to anyone “guaranteeing” recovery. Cleverecovery does not guarantee outcomes.