AuraSwap Crypto Exchange Review: A High-Risk, Low-Liquidity DEX Not Worth Your Funds

When you hear the name AuraSwap, it sounds like just another crypto exchange trying to jump on the DeFi bandwagon. But if you dig into the numbers, the truth is far less exciting - and far more dangerous. As of December 2025, AuraSwap recorded a 24-hour trading volume of just $623.85. That’s less than the cost of a decent dinner in London. For comparison, Uniswap handles over $2 billion daily. AuraSwap isn’t just small - it’s barely alive.

What Even Is AuraSwap?

AuraSwap is a decentralized exchange (DEX) built on the Polygon blockchain. It launched in 2023 with one main promise: near-zero gas fees. That sounds great, right? But here’s the catch - it only supports two tokens: AURA and MSTR. And out of three trading pairs, only two actually move any money. The third, MSTR/MAG, shows $0 in volume. That’s not a glitch. It’s a red flag.

The platform uses a basic Automated Market Maker (AMM) model, the same one Uniswap uses. But unlike Uniswap, there’s no documentation, no tutorials, no developer resources. You won’t find a whitepaper. No roadmap. No team names. Just a website and a Telegram group with 387 members - most of whom are asking if their funds are stuck.

Trading Volume? More Like Trading Illusion

Coingecko shows AURA trading at $0.051707, but here’s the twist: the token’s own page says its 24-hour volume is $0.00. Meanwhile, the exchange page says $623.85. That’s not a data delay - that’s a contradiction. And it’s not alone.

One trading pair, AURA/CEUSDC, makes up 89% of all volume. That means almost every trade on AuraSwap is just people swapping AURA for USDC. No real market depth. No institutional interest. Just speculation.

Worse, CoinGecko flagged one of these trades as an “outlier against the average.” That’s crypto-speak for “someone is washing their own trades.” Think of it like a casino dealer shuffling the same card over and over and pretending it’s a winning streak. That’s what’s happening here.

Liquidity? Barely There

Liquidity is the lifeblood of any exchange. Without it, your trades don’t execute. They implode.

AuraSwap’s total liquidity for AURA is $45. That’s not a typo. Forty-five dollars. Try swapping $500 worth of USDC for AURA, and you’ll likely see your slippage hit 40% or more. One Reddit user reported his $500 trade moved the price so hard he lost $200 just in price impact. Another user on Bitcointalk described a $200 trade that spiked AURA from $0.051 to $0.078 - then crashed back down in under a minute.

There’s no order book. No depth chart. Coingecko doesn’t even show +2% or -2% depth metrics. That means even tiny trades cause massive price swings. This isn’t trading. It’s gambling with zero house edge - because the house isn’t even there.

Why You Shouldn’t Buy AURA on AuraSwap

The AURA token itself is a meme coin with no utility. It doesn’t pay staking rewards. It doesn’t grant governance. It doesn’t fund development. Its only job is to be traded on a platform that barely works.

According to YouTube analyst Alex Becker, 75% of all AURA tokens are held in just 10 wallets. Each of those wallets holds over $100,000 worth. That’s called “whale concentration.” It means a single person can dump their holdings and crash the price in seconds. And they have every incentive to do it - because the fully diluted valuation (FDV) of AURA is only $170,000. That’s a tiny market cap waiting to be manipulated.

Even CoinCodex, a site that lists obscure tokens, advises: “Don’t buy AURA directly on AuraSwap. Buy Bitcoin on Binance, send it to CoinEx, then trade for AURA there.” That’s not a recommendation. That’s a warning.

No Support. No Security. No Future

If something goes wrong - if your transaction fails, if your funds disappear - who do you call? There’s no customer service. No live chat. No email address. No help center. Traders Union checked the site in November 2025 and found zero support channels.

The platform doesn’t even have a GitHub repo. No code updates. No bug fixes. No announcements. The last social media post from AuraSwap was in September 2025. That’s four months of silence.

And here’s the kicker: the exchange is incorporated in the British Virgin Islands - a jurisdiction known for zero financial regulation. The SEC’s December 2025 update labeled exchanges like this as “Category C: High Risk.” That means if the SEC ever cracks down, your funds won’t be protected. You won’t get a refund. You won’t get a lawsuit. You’ll just lose everything.

Who Even Uses This?

CryptoRank says only 142 unique wallet addresses interacted with AuraSwap in the past 30 days. That’s fewer than the number of people who attended the last Bitcoin meetup in Bristol. Most of those users are either speculators chasing a 10x pump or people who got AURA as airdrops and don’t know what to do with them.

There’s no community. No forum activity. No educational content. No influencers promoting it. Just a few desperate traders posting on Reddit and Bitcointalk asking: “Is my money gone?”

What’s the Alternative?

If you want to trade AURA, you can do it on CoinEx or Gate.io - both are centralized exchanges with real liquidity, real security, and real support. You’ll pay slightly higher fees, but you won’t risk losing your entire position to a 40% slippage.

If you want to use a DEX on Polygon, try QuickSwap. It handles over $10 million in daily volume. It has dozens of trading pairs. It’s audited. It has a team. It has a website that actually works.

AuraSwap isn’t a competitor. It’s a cautionary tale.

Final Verdict: Avoid AuraSwap

AuraSwap doesn’t offer anything you can’t get elsewhere - and it offers far more risk. The volume is microscopic. The liquidity is nonexistent. The token has no utility. The team is anonymous. The support is absent. The regulatory risk is high.

This isn’t a “hidden gem.” It’s a sinking ship with no lifeboats.

If you’re new to crypto, stay away. If you’re experienced, you already know this isn’t worth your time. If you’ve already traded here - stop. Withdraw what you can. And don’t look back.