Pearl Exchange Review: What You Need to Know About This Crypto Platform

When people ask about Pearl Exchange, a cryptocurrency trading platform that surfaced in 2023 with claims of low fees and fast trades. Also known as PearlSwap, it was marketed as a niche alternative for traders tired of high fees on bigger exchanges. But here’s the thing—there’s almost no public data on it. No official website. No verified team. No listings on CoinMarketCap or CoinGecko. That’s not normal for a platform that wants real users.

Most crypto exchanges you can trust—like Honeyswap, QuickSwap, or Hyperliquid—have clear documentation, active communities, and public audits. Pearl Exchange doesn’t. It shows up in a few forum threads, mostly from users asking if it’s a scam. One person claimed they deposited $500 and never got their tokens back. Another said the site disappeared after a week. These aren’t isolated complaints—they’re red flags stacked high. Even if the platform was real, the lack of transparency makes it dangerous. Trading on an exchange with no public track record is like driving a car with no brakes and no license plate.

What’s worse, Pearl Exchange is often confused with legitimate platforms like Honeyswap, a decentralized exchange on Gnosis Chain with real users and open-source code, or AirSwap, a peer-to-peer trading protocol that’s been around since 2018. Those platforms have audits, GitHub activity, and user guides. Pearl Exchange has none of that. It’s not a tool—it’s a ghost. And in crypto, ghosts don’t just vanish—they take your money with them.

If you’re looking for a low-cost DEX, there are dozens of real options. QuickSwap V4 on Base works well for small trades. Honeyswap is great if you’re on Gnosis Chain. Even AirSwap lets you trade directly with others without a middleman. But Pearl Exchange? It’s not on any list of trusted platforms. No regulator, no community, no history. Just a name and a promise. Don’t risk your funds on something that won’t even tell you who’s behind it. The crypto world has enough scams already. You don’t need to add one to your portfolio.

Below, you’ll find real reviews of actual crypto platforms—some that work, some that failed, and others that vanished overnight. Learn what to look for before you deposit a single dollar.