AirSwap Crypto Exchange Review: Is This Decentralized Exchange Still Worth Using in 2025?

By Robert Stukes    On 6 Dec, 2025    Comments (14)

AirSwap Crypto Exchange Review: Is This Decentralized Exchange Still Worth Using in 2025?

AirSwap Trade Suitability Calculator

Find out if AirSwap is the right decentralized exchange for your trading needs based on your priorities and requirements. Answer a few questions to see if AirSwap makes sense for your specific situation.

When you want to trade crypto without handing over your keys, AirSwap promises a clean, fee-free experience. No sign-up. No KYC. No custody. Just direct peer-to-peer swaps between wallets. Sounds ideal, right? But here’s the reality in December 2025: AirSwap still works - but almost no one is using it.

How AirSwap Actually Works

AirSwap isn’t like Binance or Coinbase. There’s no order book. No matching engine. No central server holding your money. Instead, it’s built on Ethereum smart contracts that let you trade directly with other users. You pick a token you want to sell, enter the amount, and AirSwap finds someone willing to buy it - often another user on the platform. You approve the trade in your wallet, and the swap happens on-chain.

The magic trick? Gas-free swaps. For many trades, AirSwap covers the Ethereum network fee for you. That’s rare. Most DEXs make you pay gas on top of trading fees. AirSwap doesn’t charge anything - no deposit fees, no withdrawal fees, no trading fees. That’s a big deal if you’re doing small, frequent trades or just swapping tokens occasionally.

You don’t need an account. Just connect your wallet - MetaMask, WalletConnect, or any Ethereum-compatible one - and you’re in. No email. No phone number. No ID. That’s the whole point. If you care about privacy, AirSwap delivers.

Why AirSwap Feels Like a Ghost Town

Here’s the problem: liquidity. In 2025, AirSwap’s daily trading volume hovers around $200,000 to $500,000. Compare that to Uniswap, which does over $2 billion every single day. That’s 4,000 times more.

What does that mean for you? If you want to trade ETH for a popular token like LINK or AAVE, you might find a match. But try swapping a lesser-known token - say, a new DeFi project or a small-cap altcoin - and you’ll likely get no quotes at all. The platform just doesn’t have enough people trading those pairs.

Even the interface, which used to be praised for being simple, feels empty. You open the app, pick a token, and wait. And wait. Sometimes, you get a quote from someone who’s offline. Sometimes, you get nothing. It’s frustrating when you’re used to instant trades on centralized exchanges.

Who Still Uses AirSwap?

The users who stick with AirSwap aren’t day traders. They’re privacy-first individuals. People who don’t want exchanges knowing what they own. People who’ve been burned by centralized platforms freezing funds or requiring KYC. One G2 reviewer put it perfectly: “I like that AirSwap is a decentralized exchange. Instead of a third party being required to store a trader’s funds, you are responsible for your own funds.”

That’s the core appeal. If you’re trading small amounts of crypto you’re not planning to sell anytime soon - maybe you’re holding a token you got from a DAO or airdrop - AirSwap lets you move it without jumping through hoops. No need to register on a platform that might freeze your account later.

It’s also useful if you’re testing a new wallet or want to try a DEX without risking your main funds. The low friction makes it a good sandbox.

The AirSwap Token (AST): A Dead Asset?

AirSwap has its own token, AST. It was meant to be used for governance and incentives. But in 2025, it’s barely moving. Trading volume for AST is negligible. Most holders are long-term believers or early investors who never sold.

Price predictions vary wildly. WalletInvestor says AST could hit $0.29 by 2025. PricePrediction.net says it’ll drop to $0.022. Neither is likely to be right. The truth? AST has no real utility anymore. There’s no staking. No yield. No voting power. The team hasn’t launched any new features tied to the token in over two years.

If you’re holding AST, don’t expect it to rebound. It’s not a speculative asset anymore - it’s a relic. Selling it now might be smarter than waiting for a miracle.

Split-screen pixel art comparing busy Uniswap trading activity with AirSwap's empty, static interface.

What AirSwap Gets Right

Let’s be fair. AirSwap nailed a few things.

  • No KYC - Still one of the few DEXs that doesn’t ask for your passport.
  • Zero fees - No hidden charges. No surprise gas bills.
  • Wallet-first design - You’re always in control. No custodial risk.
  • Gas-free swaps - The platform often pays your Ethereum fees. That’s rare.
  • Mobile apps - Works on iOS and Android. No web-only trap.

It’s clean. It’s simple. It’s exactly what a DEX should be - if it had users.

What AirSwap Gets Wrong

The flaws are brutal in 2025.

  • Zero liquidity - Most tokens can’t be traded. You’re stuck with ETH, WBTC, USDC, maybe a few top 50 tokens.
  • English only - No Spanish, no Chinese, no Arabic. International users are locked out.
  • No advanced features - No limit orders. No stop-loss. No margin. No futures. You can’t even set a price target.
  • No development updates - The last major update was over a year ago. No roadmap. No new features announced.
  • Weak support - If you run into an issue, your best bet is the Discord. Responses are slow, if they come at all.

It’s like a beautifully designed car with no fuel. It looks great. But it won’t move you anywhere.

How AirSwap Compares to Other DEXs

AirSwap vs. Top DEXs in 2025
Feature AirSwap Uniswap SushiSwap 1inch
Trading Fees 0% 0.3% 0.25% 0.1%-0.5%
Gas Fees Paid by Platform? Yes (in many cases) No No No
Daily Volume (2025) $200K-$500K $2B+ $800M $1.5B
KYC Required? No No No No
Advanced Orders? No No Yes Yes
Language Support English only 10+ languages 8+ languages 12+ languages
Mobile App Yes Yes Yes Yes

Uniswap is the default choice for most users. It’s fast, has deep liquidity, and works with almost any token. SushiSwap and 1inch offer better features and more languages. AirSwap? It’s the quiet one in the corner. It doesn’t compete - it just exists.

A retro-futuristic gas station with &#039;ETH FUEL - <h2>Should You Use AirSwap in 2025?</h2> HERE&#039; sign, symbolizing AirSwap&#039;s zero fees and abandoned token value.

Should You Use AirSwap in 2025?

If you’re looking for a reliable, high-volume exchange to trade crypto - skip AirSwap. Go with Uniswap or 1inch. They’re faster, cheaper in the long run (even with gas), and have way more options.

But if you’re someone who:

  • Wants to avoid KYC at all costs
  • Has a small amount of a niche token you want to move privately
  • Don’t mind waiting for a trade to match
  • Prefer full control over your funds

Then AirSwap still has a purpose. It’s not the best DEX. But it’s one of the few that truly puts user control above everything else.

Just don’t expect miracles. Don’t expect volume. Don’t expect updates. And definitely don’t invest in AST hoping for a comeback. That ship has sailed.

How to Start Using AirSwap

If you still want to try it, here’s how:

  1. Get an Ethereum wallet - MetaMask is easiest.
  2. Buy a little ETH (for gas, if needed).
  3. Go to www.airswap.io.
  4. Click “Connect Wallet” and pick your wallet.
  5. Choose the token you want to trade.
  6. Enter the amount.
  7. Review the quote. If it’s good, click “Swap” and confirm in your wallet.

That’s it. No forms. No waiting. No verification. Just a direct swap.

Final Thoughts

AirSwap was ahead of its time. It proved you could build a truly decentralized exchange without fees, without custody, without identity. That’s powerful.

But in 2025, being ahead of your time isn’t enough. The market moved. Liquidity became king. Users want speed, volume, and features. AirSwap didn’t keep up.

It’s not broken. It’s just forgotten.

Use it if you need privacy for a small trade. But don’t rely on it. Don’t bet on it. And don’t confuse nostalgia for utility.

Is AirSwap safe to use?

Yes, AirSwap is safe in terms of security. Since it’s non-custodial, your funds never leave your wallet. Trades happen via smart contracts on Ethereum, which are open-source and audited. The risk isn’t hacking - it’s low liquidity. You might not find a buyer for your token, or the quote might be poor. But your crypto won’t be stolen.

Does AirSwap charge any fees?

No. AirSwap charges 0% trading fees, 0% deposit fees, and 0% withdrawal fees. In many cases, it even covers your Ethereum gas fees. That’s rare. Most DEXs make you pay gas on top of their own fees. AirSwap doesn’t.

Can I trade any crypto on AirSwap?

Only Ethereum-based tokens (ERC-20). But even then, liquidity is thin. You can easily trade ETH, USDC, WBTC, or top 50 tokens. For anything smaller - like a new DeFi token or a meme coin - you’ll likely get no quotes. The platform just doesn’t have enough users trading those pairs.

Is AirSwap better than Uniswap?

Only if privacy and zero fees are your top priorities. Uniswap has 10,000x more liquidity, supports more tokens, has better tools, and works faster. AirSwap’s only advantage is no fees and no KYC - but Uniswap also has no KYC. So unless you’re trading a very niche token and need gas-free swaps, Uniswap is the better choice for almost everyone.

Should I buy the AirSwap token (AST)?

No. AST has no real use anymore. There’s no staking, no governance voting, no rewards. The token’s price has been stagnant for years. Analysts give wildly different predictions - from $0.02 to $0.30 - but none of them are backed by current activity. If you own AST, consider selling. If you don’t, don’t buy it.

Why is AirSwap so slow?

It’s not slow - it’s empty. AirSwap doesn’t have a matching engine like centralized exchanges. It relies on peer-to-peer quotes. If no one is offering to buy your token, you wait. There’s no liquidity pool to pull from. The platform works fine technically - it’s just that almost no one is using it anymore.

Does AirSwap have a mobile app?

Yes. AirSwap has official apps for iOS and Android. You can connect your wallet, find quotes, and swap tokens on your phone. The apps are simple and work well - but again, you’ll still face the same problem: not enough users trading to get good prices.

Can I use AirSwap without ETH?

You need ETH to pay for gas on the Ethereum network - unless AirSwap covers it for your trade. In many cases, it does. But if you’re trading a token that requires a custom contract or a less common pair, you might still need ETH for gas. Always keep a small amount of ETH in your wallet when using AirSwap.

14 Comments

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    nicholas forbes

    December 7, 2025 AT 12:52
    I used AirSwap last week to move some obscure DeFi token I got from a DAO airdrop. Took 12 minutes to find a match, but it worked. No KYC, no drama. Still the only way I trust to move private holdings.
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    Regina Jestrow

    December 9, 2025 AT 11:46
    I love that AirSwap exists, but it's like finding a vinyl record store in a world of Spotify. Beautiful, nostalgic, but... is it practical? I tried swapping a new memecoin and got zero quotes. Felt like shouting into an empty canyon.
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    Tom Van bergen

    December 10, 2025 AT 06:25
    AirSwap isn't dead it's just evolved beyond your need for speed. You want liquidity? Use Uniswap. You want freedom? Use AirSwap. Stop pretending the market should bend to your impatience. The blockchain isn't Amazon Prime
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    Sandra Lee Beagan

    December 11, 2025 AT 07:48
    As someone from Canada who's watched crypto evolve, AirSwap feels like a quiet protest against surveillance finance 🌱. I don't use it daily, but I keep a little ETH there just to remind myself that control is still possible. It's not about volume, it's about principle.
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    Ben VanDyk

    December 12, 2025 AT 02:54
    The article got most things right. But it's misleading to say AirSwap 'doesn't work.' It works perfectly. It's just that nobody cares anymore. That's not a bug, it's a market signal.
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    Elizabeth Miranda

    December 13, 2025 AT 22:56
    I used to be obsessed with DeFi until I got my wallet frozen on a 'trusted' exchange. Now I only use non-custodial tools. AirSwap is slow, but it's mine. No one can take it. No one can audit me. That’s worth more than liquidity.
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    Chloe Hayslett

    December 14, 2025 AT 08:13
    AirSwap? More like AirSnooze. If you're still using this in 2025, you're either a crypto archaeologist or you missed the last 5 years of innovation. Get with the program.
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    Jonathan Sundqvist

    December 15, 2025 AT 07:17
    I tried AirSwap once. Took 20 mins to swap 0.1 ETH for USDC. Meanwhile on 1inch it was 45 seconds. I just don't get why anyone would choose this unless they're trying to punish themselves.
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    Thomas Downey

    December 16, 2025 AT 02:57
    The decline of AirSwap is emblematic of the broader failure of the decentralized finance movement to scale intelligently. Aesthetic purity without utility is not innovation-it is romanticism masquerading as progress. We must demand more than ideological purity.
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    Annette LeRoux

    December 17, 2025 AT 19:59
    I still use AirSwap for small swaps 🌿 Sometimes I just need to move a token without feeling like I'm signing a privacy waiver. It’s not fast, but it’s honest. And in this world? That’s rare. 🙏
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    Krista Hewes

    December 19, 2025 AT 03:26
    i tried airswap last month and it was so slow i thought my wallet was broken but then i checked and it was just no one else using it lol. still cool that it exists tho
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    ronald dayrit

    December 20, 2025 AT 08:14
    The real tragedy isn't that AirSwap is unused-it's that its philosophy was correct. Decentralization without custodians, without intermediaries, without surveillance-this was the promise. But the market chose convenience over conviction. We traded sovereignty for speed. And now we wonder why our networks feel hollow. AirSwap didn't fail. We did.
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    Doreen Ochodo

    December 20, 2025 AT 19:02
    Keep AirSwap alive if you value privacy. It's not for trading-it's for freedom. Small moves. Quiet wins. You don't need volume to be sovereign.
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    Yzak victor

    December 22, 2025 AT 18:16
    Honestly? I respect AirSwap. It’s not the tool for most people, but it’s the tool for the right people. I use it to test new wallets or move small tokens I don’t want to touch on any exchange. It’s like a digital safe deposit box you can swap from. Doesn’t need to be popular to be valuable.

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