MoraSwap Crypto Exchange Review: Is This Decentralized Exchange Worth Trying?

When you're looking for a new crypto exchange, you want something safe, easy to use, and actually active. MoraSwap claims to be a decentralized exchange - a DEX - where you trade directly from your wallet without handing over your keys. But here’s the real question: is it just another tiny platform lost in the noise, or does it have something real to offer?

What Exactly Is MoraSwap?

MoraSwap is a decentralized exchange built on automated market maker (AMM) technology. That means there’s no order book. Instead, trades happen against liquidity pools - pools of crypto tokens locked in smart contracts. You swap one token for another directly, like swapping cash for euros at a currency kiosk, but instead of a bank, it’s code running on a blockchain.

Its interface is simple: go to moraswap.com/exchange/swap, connect your wallet (MetaMask, WalletConnect, etc.), pick your tokens, and hit swap. No sign-up. No KYC. That’s the whole point of a DEX. But simplicity doesn’t equal safety or reliability.

Trading Volume Tells a Clear Story

Numbers don’t lie. On November 19, 2025, MoraSwap’s DEX trading volume was around $564,630. That sounds like a lot until you compare it to the real players. Uniswap does over $1 billion in volume daily. PancakeSwap does $500 million. Even smaller DEXes like Raydium or SushiSwap regularly hit $20-50 million.

Meanwhile, MoraSwap’s spot trading volume? Just $67.75. That’s not a typo. That’s less than the cost of a coffee. This tells you one thing: MoraSwap isn’t a centralized exchange pretending to be decentralized. It’s a pure DEX - and a very small one.

Why does this matter? Low volume means thin liquidity. If you try to swap a large amount of a lesser-known token, you’ll get crushed by slippage. You might expect to trade 100 tokens for 50 of another, but end up getting only 35 because there’s not enough money in the pool. That’s not a bug - it’s the default setting on low-volume DEXes.

Security: No Audits, No Transparency

One of the biggest red flags? No public smart contract audits. Major DEXes like Uniswap or SushiSwap have had their code reviewed by top security firms like CertiK, Trail of Bits, or OpenZeppelin. Their audit reports are public. You can read them. You can check for backdoors, reentrancy bugs, or admin keys that could drain funds.

MoraSwap? Nothing. No reports. No GitHub commits. No team names. No LinkedIn profiles. No Twitter threads from developers explaining how the system works. That’s not just quiet - it’s suspicious.

And yet, the platform is live. People are trading. That doesn’t mean it’s safe. It just means someone is willing to take the risk. In DeFi, that’s common. But if you’re holding more than a few hundred dollars in crypto, you shouldn’t be using a platform with zero transparency.

Supported Tokens and Liquidity Pools

Based on what’s visible on the swap interface, MoraSwap supports a handful of tokens - mostly newer or low-market-cap coins. You’ll find a few Ethereum-based tokens, maybe some BSC or Polygon-based ones. But nothing major. No ETH, no USDT, no WBTC. No stablecoins worth trusting.

That’s a problem. Most traders use stablecoins like USDC or DAI as a bridge between risky altcoins. Without them, you’re stuck in a loop: swap Token A for Token B, then Token B for Token C, then Token C back to Token A - each time paying fees and losing value to slippage.

Compare that to Uniswap, which has over 10,000 trading pairs and deep liquidity for the top 50 tokens. MoraSwap feels like a garage project. Not bad for learning - dangerous for serious trading.

User Experience: Barebones and Unpolished

The interface works. It loads. You can connect your wallet. You can swap. That’s it. There’s no price chart. No order history. No wallet tracking. No analytics. No mobile app. No support chat. No FAQ page worth reading.

On Kraken or Bitget, you get 24/7 customer service, live chat, email replies, and detailed guides. On MoraSwap? You’re on your own. If you mess up a transaction, there’s no one to call. No refund policy. No help center. Just a blockchain that can’t be undone.

And the community? Almost non-existent. No Reddit threads. No meaningful Twitter engagement. The official handle @moraswap_amm posts maybe once a week. No announcements. No roadmap. No updates. That’s not a sign of a thriving project. It’s a sign of a project that’s barely holding on.

Who Is MoraSwap For?

Let’s be honest. MoraSwap isn’t for most people. If you’re new to crypto, you should stick to centralized exchanges like Kraken or Coinbase. They’re regulated, insured, and easy to use.

If you’re an experienced DeFi user looking for a high-risk, high-reward play - maybe you’re testing a new token on a tiny DEX - then MoraSwap might be worth a tiny test. But only with money you’re okay losing.

It’s not a replacement for the big players. It’s not a competitor. It’s a sandbox. A place to experiment. A testnet with real money.

How It Compares to Other DEXes

Here’s how MoraSwap stacks up against three other DEXes:

The gap isn’t small. It’s massive. MoraSwap doesn’t just trail behind - it’s in a completely different league.

Should You Use MoraSwap?

If you’re a developer testing a new token or a trader chasing a 100x on a coin no one’s heard of - sure, go ahead. Put in $10. See what happens. Treat it like a lottery ticket.

If you’re trying to swap your ETH for USDC safely? Don’t. Use Uniswap or Coinbase. If you’re holding more than $500 in crypto? Don’t risk it on a platform with no audits, no support, and no track record.

MoraSwap isn’t a scam. Not yet. But it’s not a solution either. It’s a gamble with zero safety net. And in crypto, the only thing more dangerous than a bad exchange is a quiet one.

Final Verdict

MoraSwap is a real DEX. It works. You can trade. But it’s not trustworthy. Not yet. Not without audits. Not without volume. Not without a team you can find.

It’s a ghost town with a working ATM. You can withdraw money - but who’s behind the machine? And what happens if the power goes out?

For now, treat MoraSwap like a novelty. A curiosity. A warning sign. Not a tool.

If you're looking for a reliable DEX, stick with Uniswap, SushiSwap, or PancakeSwap. They’ve proven themselves. MoraSwap? Keep it on the sidelines - for now.