Swapped.com

What Swapped.com does

Swapped.com operates a non-custodial crypto on-ramp and off-ramp platform that lets retail users buy and sell more than 30 cryptocurrencies using more than 40 local payment methods across more than 150 countries, with end-to-end onboarding and checkout reportedly completing in around 30 seconds and a minimum transaction of EUR 7. The technology stack is built around non-custodial rails that deliver purchased crypto directly to user-controlled wallets, instant delivery subject to compliance and anti-fraud checks, and three integrated products: Swapped Ramp (the core consumer on/off-ramp), Swapped Connect (an embedded widget for partner platforms and wallets), and Swapped Commerce (a merchant checkout widget whose merchant-wallet infrastructure is operated via Fireblocks). Swapped does not hold customer fiat or digital assets at any point, eliminating custody risk on the customer side and balance-sheet exposure on the company side.

The business is organized as a multi-entity regulated group: Swapped ApS in Denmark serves as the headquarters and MiCAR Crypto-Asset Service Provider under the Danish Financial Supervisory Authority (company number 42865397), while wholly-owned subsidiaries — Swappedcom Inc. in Delaware (FinCEN MSB, NMLS, and a Michigan Money Transmission License with pending applications in New Mexico, Arkansas, and Georgia), Swapped ApS NUF in Norway, Swapped ApS in Australia (ASIC DCE), and Bitinvestor ApS in Canada (Fintrac MSB) — serve each jurisdiction under its local regime. Revenue is generated through transaction fees on credit-card purchases (4.02%) and bank-transfer purchases (2.42%) plus equivalent fees on crypto sales and on Swapped Commerce merchant processing, with rates that the company publicly positions below Moonpay, Transak, and Paybis on a like-for-like basis.

Go-to-market is a product-led, self-serve consumer motion supplemented by B2B widget distribution; the public-facing website, blog, SEO content, email newsletter, and Trustpilot reviews (4.7/5, claimed as the highest among crypto on-ramps) drive top- and mid-funnel acquisition, while the Connect and Commerce widgets plus the Hyperliquid partnership (announced March 2026) drive partner-channel volume. The company reports a customer base of 2.5M+ users against a listed headcount of 1-10, indicating a highly automated operating model.

Name

Swapped.com

Legal name

Swapped ApS

Website

https://swapped.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Swapped.com is a regulated, non-custodial crypto on-ramp and off-ramp platform that lets retail users in 150+ countries buy and sell 30+ cryptocurrencies via 40+ local payment methods, with embedded widget distribution and MiCAR, FinCEN, ASIC, and Fintrac registrations.

Ownership category

akta.pro rank

Product category

Cryptocurrency On-Ramp and Off-Ramp Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks (FSADAIAE)

akta.pro secondary industries

Crypto Payment Gateways & Checkout APIs (FSADAIAA), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)

Keywords

• Crypto on-ramp
• Fiat-to-crypto exchange
• Non-custodial wallet
• Crypto payment processing
• Merchant checkout widget

Headquarters

HQ city

Brabrand

HQ country

Denmark

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Operations, Marketing or Sales, Personnel, Infrastructure

Revenue model

1. Crypto On-Ramp Transaction Fees: Swapped charges transaction fees on crypto purchases via credit card (4.02%) and bank transfer (2.42%), including spread on exchange rates and payment processing costs. Users see all fees transparently before confirming a transaction.
2. Crypto Off-Ramp Transaction Fees: Swapped charges transaction fees on crypto sales (off-ramp) and swaps. Fees are disclosed prior to transaction execution. Minimum order value is EUR 7 or equivalent.
3. Swapped Commerce (B2B Widget): Swapped Commerce enables merchants to accept crypto payments via an embedded widget. Swapped acts as a technical intermediary, routing crypto from end users to merchants. Revenue is generated through transaction processing fees passed through to merchants.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Swapped.com operates a non-custodial cryptocurrency on-ramp and off-ramp platform that lets retail users buy and sell 30+ cryptocurrencies using credit cards, bank transfers, and 40+ local payment methods across 150+ countries, with crypto delivered directly to user-controlled wallets in seconds. It also offers Swapped Connect, an embedded widget enabling third-party crypto platforms to facilitate deposits, and Swapped Commerce, a merchant checkout widget for accepting cryptocurrency payments, with merchant settlement handled via Fireblocks wallet infrastructure.

Product overview

Swapped.com operates as a multi-product crypto fintech platform comprising three main offerings: Swapped Ramp (the core non-custodial on-ramp/off-ramp service for buying and selling 30+ cryptocurrencies via 40+ payment methods globally); Swapped Connect (a deposit facilitation service enabling crypto transfers from wallets and exchanges); and Swapped Commerce (a merchant-focused payment processing widget for businesses accepting cryptocurrency payments). The company is registered and regulated across the EU (via Swapped ApS under Danish FSA supervision), Norway, Australia, Canada, and the US (via Swappedcom Inc. with FinCEN MSB registration).

Differentiator

Problem solved

Functional benefit

Brands

• Swapped Ramp: Crypto on-ramp and off-ramp service allowing users to buy and sell digital assets using fiat currency.
• Swapped Commerce
• Swapped Connect

Products and services

• Swapped Ramp Non-custodial fiat-to-crypto and crypto-to-fiat on-ramp/off-ramp service enabling retail users in 150+ countries to buy and sell 30+ cryptocurrencies (BTC, ETH, stablecoins, etc.) using credit cards, bank transfers, and 40+ local payment methods. Crypto is delivered directly to the user's own wallet in seconds with no account holding required and a EUR 7 minimum order.
• Swapped Connect Embedded white-label widget for third-party crypto platforms and exchanges that abstracts wallet address and network complexity, allowing their end users to deposit crypto from external wallets and exchanges smoothly and securely.
• Swapped Commerce Cryptocurrency payment processing solution for merchants that lets online businesses accept crypto payments from end users via an embedded checkout widget, with merchant wallets hosted by Fireblocks for secure on-chain settlement.

Segments1 record

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature4 records

Partnerships

One partnership is on record.

• HyperliquidflagshipTechnology or Integration · 20 March 2026Hyperliquid, a leading decentralized perpetual exchange, announced the launch of a fiat on-ramp feature in testing with Swapped.com, enabling users to fund their accounts directly via credit card and bank transfer without needing prior crypto. The feature collapses the traditional multi-hop onboarding funnel (CEX → stablecoin → bridge) into a single in-app flow using non-custodial rails. Hyperliquid is simultaneously experiencing rapid growth with oil-linked perpetuals exceeding $1.2 billion in 24-hour volume and its $HYPE token breaking above $42.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• BitPay: BitPay is a long-established crypto payment processor offering merchant checkout and consumer wallet services, comparable to Swapped Commerce's merchant payment processing use case.
• Moonpay: Moonpay is the leading crypto on-ramp/off-ramp provider offering fiat-to-crypto purchases via cards and bank transfers globally, with the same core use case, customer base, and fee-based model that Swapped directly competes with.
• Transak: Transak operates a global crypto on-ramp/off-ramp network integrated into wallets and dApps, offering similar fiat-to-crypto services to retail users via cards and local payment methods — directly comparable to Swapped's Ramp and Connect products.
• Paybis: Paybis is a crypto on-ramp and exchange platform serving retail and B2B partners with fiat-to-crypto purchases, explicitly named by Swapped as a fee-comparison competitor in the same on-ramp category.
• Ramp Network: Ramp Network is a non-custodial crypto on-ramp integrated into wallets and DeFi platforms, directly comparable in product architecture, embedded-widget distribution model, and target user base to Swapped.
• Alchemy Pay: Alchemy Pay operates a fiat-crypto on-ramp network enabling merchants and consumers to buy crypto with local payment methods globally, comparable to Swapped on payment-method breadth and merchant integrations.
• CoinGate: CoinGate is a crypto payment gateway and on/off-ramp for merchants and individuals, comparable to Swapped Commerce for merchant checkout and Swapped Ramp for retail buying.

Broad incumbents

• Coinbase: Coinbase is a publicly listed centralized exchange offering its own fiat on-ramp bundled with trading, custody, and staking — competing as a broader incumbent platform that includes on-ramp functionality overlapping with Swapped Ramp.
• Binance: Binance is the largest global centralized exchange providing bundled fiat on-ramps within a wider spot, derivatives, and DeFi product suite, representing broad-incumbent competition to standalone on-ramps like Swapped.
• Stripe (crypto on-ramp): Stripe has integrated crypto on-ramp functionality through partnerships and its stablecoin rails, posing broad-incumbent risk for embedded on-ramp use cases that compete with Swapped Connect and Commerce.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/swappedcom

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Swapped.com