Our Score
Instaswap.io Review
User Review
Summary

InstaSwap is a Non-Custodial Exchange Platform that allows users exchange directly at market price within minutes. As a privacy focused platform, your personal data are safe and never shared. Keeping your anonymity intact.

Overall
80
Pros
  • Competitive Market Rates
  • Fast 10 - 30 mins transactions
  • High Exchange Limits
  • Good support
Cons

What is InstaSwap?

InstaSwap is an instant cross-chain cryptocurrency exchange that allows you to exchange crypto instantly, buy it with a bank card or even sell it. Our service provides the most convenient crypto to crypto rates and supports over 50 cryptocurrencies available for exchange.

Exchanger your Crypto and Fiat

How safe is your service?

InstaSwap is one of the most outstanding and leading instant exchange platforms that have gained trust over thousands of users from all over the world. Our service provides safe and instant transactions without revealing the user’s identity. Our rates are the most reliable that a user can find in similar services with the list of currencies increasing rapidly. Last but not least our service neither stores or holds your crypto.

No Account/Login System

Since the main point of mixing coins is to provide a layer of anonymity to users, it is intuitive to a No Account System, where users are not required to create an account before they can start to mix their coins. In order to mix coins, you can follow the following steps: 

  1. Choose the desired currency you wish to mix.
  2. Enter the destination address to receive the clean coins.
  3. Set the percentage fee
  4. Set the delay duration
  5. Download the Letter of Guarantee.
  6. Send the coins to the generated address.
  7. Receive clean coins

What are network fees?

Currently, you don’t have to pay network fees. There is only one transparent service fee – 0.4%, and that’s it! Each time any amount of cryptocurrency is sent or exchanged, the currency goes through a blockchain. This process requires a small fee called a ‘network fee’. The network fee is a commission that a blockchain takes from the amount sent in each currency.

Automatic log removal

To increase the level of privacy provides to their users, they are deleting all logs once transactions are completed and this happens in no more than 24 hours. Alternatively, users can also manually delete their logs once their transactions have already been processed.

How do I buy cryptos using a bank card?

The process is quite simple and takes a few minutes. The proceeding goes through our partner for the provider pairs or through InstaSwap for the double pairs (pairs that are not provided by our partner (MoonPay):

Select a default currency which can be USD, GBP or EUR from the widget menu.

Set the fiat amount and choose the crypto you want to buy. Transaction limits are set by our provider. Detailed information on limits and fees for our provider is given below.

Carefully check the rate and the amount you are going to receive.

Specify your cryptocurrency wallet address and proceed to purchase cryptocurrency.

In all cases, you will need to verify your email address by entering a 4-digit verification code you get in your email inbox.

Enter your billing and residential addresses to proceed.

Provide your bank card data.

What are Double Pairs?

Double Pairs are not supported by our Fiat Provider and go through both platforms (Moonpay first and then InstaSwap). For instance, when you choose a coin that is not supported by our provider, your Fiat will go through our Provider in order to be exchanged to Bitcoin. Following that exchange, Bitcoin will be then exchanged through our platform to the currency you chose to buy with Fiat. You will be informed of the whole procedure by the use of email from both our Fiat provider and InstaSwap. Users will also be able to see the procedure live.

Can I use bank cards from another region?

You may pay with a 3D-secure card from any country and in any currency. However, transactions will be in either USD, GBP or EUR. In order to eliminate the costs of multiple conversions, we recommend using USD / EUR bank cards. We recommend that you should use debit cards instead of credit ones in order to ensure that your transaction won’t be declined by a bank (which issued the card) thus having more chances to complete the purchase.

Good Support

There are two options for users to contact for support questions. Users can contact them through email and through telegram. The more advisable way of contacting the platform for any questions or problems on your transactions is through Telegram as it has a really good end-to-end encryption feature that safekeeps your conversations. Support usually responds within 24 hours, a pretty good response time across the industry.