Coinswap Review

About Coinswap

Coinswap (coinswap.fm) operates as a cryptocurrency trading or exchange service that is not licensed or regulated by any recognized financial regulator. The Swiss Financial Market Supervisory Authority (FINMA) issued an official warning dated November 30, 2022, stating that the entity operating under the name “Coinswap” is not entered in the commercial register and lacks regulatory authorization. The company does not hold any licences from other major regulators such as FCA, ASIC, CySEC, or CFTC, and no registration number or verification through official databases is available.

Multiple independent sources categorize Coinswap as unsafe or a scam. According to Traders Union (updated September 4, 2025), FINMA has placed Coinswap.fm on its warning list, and the company is unregulated by Level 1, 2, or 3 regulatory bodies. Similarly, BrokersView labels its operating status as “SCAM,” citing the FINMA warning and the absence of regulation as decisive red flags.

Who it’s for

• There is no verified regulated authority or license; therefore, Coinswap is not suitable for individuals seeking legally protected trading environments.
• The platform may attract individuals unaware of regulatory importance, but this presents substantial risk given the lack of oversight and investor protection.

Pros and cons

Pros

• No verifiable advantages identified through official regulatory or legitimacy sources.

Cons

• Absence of any regulatory licence or oversight from recognized financial authorities.
• Inclusion on FINMA’s warning list as an unauthorized entity operating in Switzerland.
• Assessment by Traders Union indicates high risk, with no regulation at any level.
• BrokersView categorizes the platform as “SCAM” due to unregulated nature and FINMA warning.