Liquidswap v0.5 Crypto Exchange Review: Zero Fees, Limited Pairs, and the Aptos Edge

Most crypto exchanges charge you every time you trade. Even the big ones like Binance or Coinbase take 0.1% to 0.2% per swap. That adds up fast - especially if you’re trading small amounts often. But Liquidswap v0.5 doesn’t charge anything. Not for makers. Not for takers. Zero fees. That’s not a promo. It’s how the platform works.

What Is Liquidswap v0.5?

Liquidswap v0.5 is the first decentralized exchange built on the Aptos blockchain. It launched in 2023 and has stayed focused on one thing: making swaps on Aptos cheap and simple. Unlike centralized exchanges that hold your money, Liquidswap lets you keep full control. Your private keys? Still in your wallet. Your funds? Never touched by the platform. That’s the core promise of any DEX - and Liquidswap delivers it.

It supports 22 tokens and 30 trading pairs as of late 2025. That includes APT, USDT, USDC, and a few other major coins on Aptos. You can’t trade every coin on Earth here - but you don’t need to. This isn’t meant to compete with Uniswap or PancakeSwap. It’s built for people already in the Aptos ecosystem.

How It Works: Connect, Swap, Earn

Using Liquidswap is familiar if you’ve used other DEXs. You open your wallet - like Pontem, Nightly, or MathWallet - and connect it to the site. No email. No KYC. No forms. Just your wallet and your keys.

Then you pick a pair: say, APT to USDT. You enter how much you want to swap. The platform shows you the estimated output. You click ‘Swap’ and confirm the transaction in your wallet. The trade happens on-chain. It takes a few seconds. You get your tokens. That’s it.

There’s no order book. No matching engine. It uses automated market makers (AMMs) like most DEXs. But Liquidswap adds smart routing. That means it checks multiple liquidity pools at once to find the best rate for your swap. It doesn’t always pick the deepest pool - it picks the cheapest one. That’s where the zero fees come in. The platform covers costs through other means, like liquidity provider incentives.

If you want to earn, you can add liquidity. Put APT and USDT into a pool. You get LP tokens in return. As people trade that pair, you earn a share of the fees. Even though trading is free, liquidity providers still get paid. That’s rare. Most DEXs charge users to fund the pool. Liquidswap doesn’t. It’s a direct incentive to keep the platform liquid.

Zero Fees - But What’s the Catch?

There’s no hidden fee. No surprise charge. But there are trade-offs.

First, the selection is narrow. 30 trading pairs is tiny compared to Uniswap’s 10,000+. If you want to trade Solana tokens, Ethereum-based coins, or obscure altcoins, you’re out of luck. Liquidswap doesn’t support them. It’s not designed for that.

Second, it’s not for beginners. You need to understand what a wallet is. You need to know how gas works on Aptos. You need to recognize phishing sites. If you’re new to crypto, this isn’t the place to start. There’s no customer support chat. No help center. If something goes wrong, you’re on your own.

Third, data updates are slow. According to Cointelegraph, price and volume data on Liquidswap refreshes every 24 hours. That’s not real-time. It’s delayed. That means if you’re day trading or reacting to market swings, you might be working with outdated numbers. It’s fine for long-term holders or occasional swappers - not for active traders.

Who Is This For?

Liquidswap v0.5 isn’t for everyone. But it’s perfect for three types of people:

• Aptos users who want to swap tokens without paying fees every time.
• Liquidity providers looking to earn passive income with low risk and no trading fees eating into profits.
• DeFi veterans who value non-custodial control and don’t need hundreds of trading pairs.

If you’re someone who holds APT and wants to swap it for USDT to ride out a market dip - Liquidswap is one of the best tools for that job.

If you’re trying to trade Solana to Cardano or buy a new meme coin - look elsewhere.

Compared to Other DEXs

Let’s put Liquidswap next to the big names:

Liquidswap doesn’t compete on volume or pair count. It competes on cost and simplicity - for a single chain. That’s its niche. It’s not trying to be the biggest. It’s trying to be the cheapest on Aptos.

Security and Regulation

Liquidswap is not regulated. No government body oversees it. No license exists. That’s normal for DEXs - but it’s still a risk. If the smart contract has a bug, you lose your money. If the website gets hacked, you might get phished. There’s no insurance. No chargeback. No refund policy.

That’s the trade-off for freedom. You control your assets - but you also carry all the responsibility. If you don’t know how to check a contract address or verify a wallet link, you shouldn’t use this platform.

That said, Aptos itself is built with security in mind. It uses Move, a language designed to prevent common smart contract exploits. That gives Liquidswap a stronger foundation than many Ethereum-based DEXs.

Traffic and Adoption

Traffic numbers tell a quiet story. Liquidswap gets around 3,100 visits a month. That’s low. For comparison, Uniswap gets over 10 million. Liquidswap ranks 397 out of 604 crypto exchanges in organic traffic. The bounce rate is 57%. People come, they swap, they leave. Few stick around.

That doesn’t mean it’s failing. It means it’s serving a small, focused group. Most users aren’t browsing. They’re doing one thing: swapping APT for USDT. Once they’re done, they’re gone. The platform isn’t designed for long sessions. It’s designed for quick, cheap swaps.

Future Outlook

Liquidswap’s future depends on Aptos. If Aptos grows - more apps, more users, more DeFi - then Liquidswap will grow with it. If Aptos stalls, Liquidswap will stay small.

Right now, it’s the only DEX on Aptos with zero fees. That’s a strong first-mover advantage. Other DEXs might launch on Aptos soon - but they’ll have to match the fee structure to compete. That’s pressure on the whole ecosystem to keep costs low.

For now, Liquidswap v0.5 is a quiet winner for Aptos natives. It’s not flashy. It’s not crowded. But it does one thing extremely well: swaps without fees.

Final Verdict

Liquidswap v0.5 isn’t the best DEX overall. It’s not even the best DEX for most people. But if you’re on Aptos and you swap tokens regularly - it’s the best choice you have.

Zero fees. Non-custodial. Cross-chain swaps. Liquidity rewards. All of that adds up to real savings over time.

But if you want a wide selection of tokens, real-time prices, or hand-holding support - look elsewhere. This is a tool for users who already know what they’re doing.

It’s not for beginners. It’s not for speculators. It’s for builders, holders, and swappers who want to keep more of their gains - and don’t mind doing a little homework to get there.