Our Score
Shapeshift.io Review
User Review
Summary

ShapeShift is a revolutionary part of the cryptocurrency ecosystem. It is how a digital marketplace should work. The platform gives you the power to quickly swap between assets in a seamless, safe, and secure environment. ShapeShift is a web and API platform created in August of 2014 to provide instant Bitcoin and altcoin conversion with the maximum level of consumer protection and efficiency.

Overall
90
Pros
  • Mobile friendly page
  • Good support
Cons

What is ShapeShift?

Founded in 2014 by Bitcoin veteran Erik Voorhees, ShapeShift is the only cryptocurrency trading platform offering zero-commission crypto trading and self-custody. ShapeShift.com allows users to buy crypto with fiat, trade, track, and secure their crypto through a simple and beautiful web interface. Users always stay in control of their keys. ShapeShift is based in the United Kingdom, with offices in London, UK, and Denver, Colorado.

Standard Pool: Traditional and offers the basic type of mixing, where they mix your funds with incoming funds from other clients.

Smart Pool: This pool uses three different sources of coins to cleanse your coins. They use parts of huge mixing amounts of the Standard Pool, private reserves of Smartmixer and funds from investors.

Stealth Pool: The Stealth Pool isn’t related in any way to coins of the Standard Pool. Instead, it relies only on reserves of Smartmixer and Coins from Investors. It is the safest method to mix your coins.

Trade Crypto for Free with FOX Tokens

Why should I use ShapeShift?

Because ShapeShift gives you zero-commission crypto trading and you always stay in control of your crypto private keys. We’re the only crypto platform that offers this, and it’s presented in a beautiful and easy web interface that you’ll love.

What is the FOX token?

FOX is our loyalty token and allows users to trade for free on the ShapeShift Platform. Users that verify their accounts earn 100 FOX tokens. Each token held in a platform wallet gives that user $10 of free trade volume, every 30 days. While trading is commission free, standard network mining fees still apply to each trade.

Automatic log removal

To increase the level of privacy that 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.

Smart code

A Smart Code is a unique hash that is generated with your first mixing operation. This link is very important, because only with this, the platform can ensure that a person never receives his own cryptocurrencies back after mixing. Additionally, this link allows you to benefit from their Smart Loyalty Program. The more you mix with this link, the bigger the discounts on the fees. Just make sure to enter your Smart Code before every Mixing Operation.

Have you ever been hacked or lost customer funds?

ShapeShift has never lost customer funds, because unlike other exchanges, it doesn’t hold customer funds. In 2016, ShapeShift was hacked by a rogue employee who sold company information to nefarious parties. Fortunately, ShapeShift’s self-custody model proved effective, and no consumer funds were at risk or lost.

You can start mixing even by using your smartphone

In the fast-paced, mobile-centric world, it is important that services can be accessed through mobile phones. With this, you can download mobile app on both iOS and Android, allowing you to mix coins with just one tap of your finger.

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.

How does ShapeShift trading compare to other exchanges?


ShapeShift uniquely offers free trading and a powerful platform to manage your crypto. Free means ShapeShift adds zero commission, spread, or transaction fees to our competitive trade rates. Additionally, we have pioneered the noncustodial model meaning we have never and will never have access to your private keys.