SWAP.MY is an instant cryptocurrency exchange service. Its website clearly highlights “Non-Custodial / No KYC” and offers access via a Telegram Bot, account registration, and API Key-based API integration. Based on the disclosed information, it looks more like a lightweight crypto-to-crypto swap tool than a full-service exchange with an order book, fiat gateways, and derivatives.
The platform emphasizes non-custody, says it does not collect personal identity information, and states that it will not freeze or hold user funds. This may appeal to users who prioritize privacy and self-custody. On KYC, the terms state that identity data is not collected. On fees, all transaction fees are shown before the user confirms a transaction, but the main text does not disclose fixed rates, variable spreads, network fee rules, or minimum swap amounts. The supported assets and trading pairs page only shows “Loading currencies,” and the main text does not list specific assets, so coverage cannot be assessed. On security, apart from the non-custodial commitment, there is no visible explanation of cold wallets, insurance, audits, or risk-control mechanisms. On compliance, the terms only prohibit illegal, fraudulent, or sanctioned activities, with no information on licenses or place of registration. Fiat deposits/withdrawals, leverage, and derivatives are also not disclosed.
SWAP.MY’s pricing transparency lies in showing fees before confirmation, but this does not mean its fee structure is predictable. Users also need to bear risks such as cryptocurrency volatility, network delays, failed transactions, and smart contract issues. Its policy on mistakenly sent assets is relatively strict: for mistaken transfers under USD 1000, it will not attempt recovery; for amounts above USD 1000, it will only assist on a best-effort basis and does not guarantee success.
The advantages are no KYC, non-custody, a potentially lightweight workflow, and support for API integration. The drawbacks are limited disclosure, especially around supported assets, fees, compliance, and security protections. It is suitable for experienced users making small, quick crypto swaps, or for developers who want to embed swap functionality into their products. It is less suitable for users who need strong regulatory protection, fiat on/off-ramps, customer-service fallback, or advanced trading features.
The main text does not provide information on access from mainland China, network connectivity, or payment restrictions, so this remains unknown. Users in China should independently assess network accessibility, local compliance requirements, and the risks of crypto-asset trading. If you need deeper market liquidity and fiat services, you can compare centralized platforms such as OKX and Binance. If you prefer on-chain non-custodial swaps, you can compare DeFi tools such as Uniswap. If you only need instant crypto swaps, similar services such as Changelly, ChangeNOW, and FixedFloat may also be worth considering.
⚠ This review is compiled from public sources and does not constitute a purchase recommendation. Verify all facts on the vendor's official site. Verify on swap.my official site.
swap.my is an Malaysia Crypto provider. TG4G tracks its product information, an overall rating of 6.0/10, and a China-accessibility score of Workable. Click "Visit Official Site" to reach swap.my directly.