Is UniSwap A Good Broker or a Scam?
UniSwap says it is a “decentralized, crypto-trading protocol” that promises clients can “swap, earn and build” their cryptocurrency holdings. It has an impressive website and positive reviews, but according to the FCA it isn’t regulated. We can’t say for certain that UniSwap is a scam. In fact, it may not be run by people with bad intentions. However, there is always an inherent risk dealing with unregulated platforms, exchanges and brokers.
We Have Some Concerns with UniSwap
If you want to trade or earn cryptocurrencies on UniSwap, at least be aware that it isn’t regulated. Many crypto fans are not that enthusiastic about regulators–they may enjoy the free, wild, wild west feeling of the blockchain. However, if something goes wrong, an unregulated protocol or platform can only do so much to track down your funds. So if you are aware of the risk, you can choose whether or not to take that chance. We don’t recommend unregulated platforms and urge you to look for licensed exchanges instead.
UniSwap Red Flags
- No license
Lost Money to UniSwap? Talk to Us!
ReportScamOnline experts understand brokers–reliable ones and scam operations. We have researched brokers and have created these reviews to help consumers make the right choice for trading. We recommend that you avoid UniSwap and instead find a reliable and licensed broker. If you have lost money to this broker, contact us and we will launch an investigation that will bolster your claim.