Becoswap Crypto Exchange Review: Why It Doesn't Exist (And How to Avoid Scams)

If you're looking for a new crypto exchange called Becoswap, you might be in for a surprise. After checking every major industry source from 2026, there's zero evidence this platform exists. Let's unpack why that's a huge red flag.

Cryptocurrency exchanges like Coinbase, Binance, and Kraken have detailed public records. They're covered by trusted sources like Bitcoin.com, CoinGape, and Benzinga. These platforms publish fee structures, security protocols, and user experiences. But Becoswap? Nothing. No reviews. No regulatory filings. Not even a mention in security audits. That's not how legitimate exchanges operate.

How to Spot a Fake Crypto Exchange

Scammers create fake exchanges to steal your crypto. Here's how to check if a platform is real:

Regulatory compliance: Legitimate exchanges are licensed. Coinbase is regulated by the SEC in the US. Gemini is licensed in New York. Check for official registration details. In the US, exchanges must register with the SEC or state regulators. Kraken is registered with the CFTC as a futures commission merchant.
Security features: Real exchanges use cold storage, insurance, and third-party audits. Bitstamp uses PGP-secured email communication. Gemini insures holdings against theft. Binance stores 90% of assets in cold storage and undergoes quarterly audits by firms like PwC.
User reviews: Look for consistent feedback on trusted sites like Trustpilot or Reddit. Scam exchanges either have no reviews or fake testimonials. For example, Coinbase has over 4.5 stars on Trustpilot with 10,000+ reviews. Fake platforms often have identical positive reviews across multiple sites.
Transparent fees: Legitimate exchanges clearly list trading fees. Coinbase charges 0.5%-4% for buys/sells. Binance starts at 0.1% for spot trading. Scam exchanges hide fees or promise "zero fees" with hidden costs.

Trusted Alternatives to "Becoswap"

Instead of chasing non-existent platforms, stick to verified exchanges:

Coinbase is a regulated exchange known for its beginner-friendly interface and clear fee structure. It holds a BitLicense in New York and insures 95% of customer assets. Basic buy/sell fees range from 0.5% to 4% depending on payment method.
Binance is the largest exchange by trading volume, with tiered fees starting at 0.1% for spot trading. It supports over 350 cryptocurrencies and offers staking rewards up to 12% APY. Binance undergoes regular security audits by top firms like Deloitte.
Kraken is a security-focused exchange with transparent fee schedules and strong compliance. Fees start at 0.16% for makers and 0.26% for takers. Kraken is regulated in the EU under MiFID II and holds a NYDFS license.
Gemini is a New York-based exchange with insurance coverage for digital assets. It insures 95% of customer funds and offers zero-fee trading for certain pairs. Gemini is registered with the SEC as a broker-dealer.
Bitstamp is one of the oldest exchanges, with advanced fraud detection and cold storage. Founded in 2011, it's regulated in the EU and uses PGP-encrypted email for customer communication. Withdrawal fees are clearly listed on their website.
Swapuz is a non-custodial exchange supporting 3,000+ digital assets. Unlike Becoswap, Swapuz is verified by Bitcoin.com and has active user communities. It was founded in 2020 and is often confused with fake "Becoswap" scams.

Person reaching for crumbling rocket symbol as shadowy figure steals crypto

Red Flags That Mean "Run"

If you see any of these, walk away immediately:

No clear website or contact information (e.g., no physical address or customer support email)
Promises of guaranteed high returns ("10x profits in 24 hours!") or "risk-free" trading
No details about security measures or audits (e.g., "We use blockchain security" without specifics)
Pressure to deposit funds quickly ("Limited-time offer!" or "Your account will be frozen if you don't act now")
Only accepts cryptocurrency payments for account verification
Unverified social media accounts with no real user engagement
Zero reviews on Trustpilot or Reddit (legitimate exchanges have hundreds of verified reviews)

Scammers often create fake exchanges to exploit new users. They might promise "free crypto" or "10x returns" to get you to deposit funds. Once you send crypto to their platform, they vanish. In 2025 alone, over $1.2 billion was lost to crypto scams according to Chainalysis. Always verify before depositing funds.

Person depositing coins into vault with shield, surrounded by keys and locks

Frequently Asked Questions

Is Becoswap a real crypto exchange?

No. After thorough research across all major industry sources in 2026, Becoswap does not exist as a legitimate cryptocurrency exchange. It's likely a scam or a misspelling of another platform like Swapuz. No regulatory body, security firm, or trusted review site has ever listed Becoswap.

How can I check if an exchange is legitimate?

Verify regulatory licenses, check for security features like cold storage and insurance, read user reviews on trusted platforms, and ensure the exchange has a transparent fee structure. Legitimate exchanges like Coinbase and Kraken provide all this information publicly. For example, Coinbase's SEC registration is publicly searchable on the SEC's website.

What should I do if I think I've been scammed?

Immediately stop all transactions, report the scam to authorities like the FTC or local cybercrime unit, and contact your bank or payment provider. Never send more funds to recover losses-this is a common follow-up scam tactic. Chainalysis reports that 95% of recovered crypto comes from early reporting.

Are there any exchanges similar to "Becoswap"?

There's no known exchange named Becoswap. However, Swapuz is a legitimate non-custodial exchange supporting 3,000+ assets. Always double-check names-scammers often use similar-sounding platforms to trick users. For example, "Becoswap" sounds like "Binance" or "Swapuz" but is entirely fake.

How do I protect myself from crypto scams?

Stick to well-known exchanges with proven track records. Never click on unsolicited links promising high returns. Enable two-factor authentication, use hardware wallets for large holdings, and research platforms thoroughly before depositing funds. In 2026, Coinbase and Binance reported a 40% drop in scam-related losses after implementing stricter user verification.