iZiSwap (Scroll) Crypto Exchange Review: Zero Fees, No Reviews, and Big Risks

When you hear about a crypto exchange that charges zero fees for every trade, your first thought might be: Too good to be true? That’s exactly the question swirling around iZiSwap on Scroll - a decentralized exchange that promises free swaps but delivers almost no user feedback, no audits, and very little proof it’s safe to use.

iZiSwap runs on the Scroll blockchain, an Ethereum Layer 2 network designed to cut gas fees and speed up transactions. It’s part of the iZumi Finance ecosystem, which has been around since 2021, but iZiSwap itself launched in 2023. That makes it young - and that’s the problem. In crypto, age isn’t just a number. It’s trust. And iZiSwap has almost none of it.

Zero Fees? Yes. But What Else Is Missing?

The biggest selling point of iZiSwap is simple: no maker or taker fees. That’s rare. Even top DEXs like Uniswap charge 0.05% to 0.3%. On centralized exchanges like Binance, you pay 0.1% per trade. iZiSwap claims 0.00%. That’s a huge draw, especially for frequent traders or those moving small amounts where fees eat into profits.

But here’s the catch: this fee structure is confirmed only for the zkSync version of iZiSwap. For the Scroll version? There’s no official documentation. No public contract breakdown. No clear statement on their website. That’s not transparency - it’s ambiguity. And in crypto, ambiguity is a red flag.

Even if the fees are truly zero, you still pay gas fees on Scroll. That’s unavoidable. But Scroll’s Layer 2 tech does keep those low - often under $0.10 per trade. So while you’re not paying iZiSwap anything, you’re still spending money to use the network. The real question isn’t whether it’s free - it’s whether it’s safe.

No Reviews. No Ratings. No Trust.

Go to FxVerify, CashbackForex, or Trustpilot. Search for iZiSwap (Scroll). You’ll find nothing. Zero reviews. Zero ratings. Zero user experiences. Not one person has left a comment saying they had a good trade, a smooth withdrawal, or even a bad experience.

This isn’t normal. Even brand-new DEXs like Dotswap or Fraxswap get at least a handful of early adopters posting screenshots, complaints, or praise. The complete silence around iZiSwap suggests one of two things: either nobody’s using it - or everyone who tried it ran into trouble and walked away.

And then there’s the traffic. The iZumi Finance website (which hosts iZiSwap) gets about 65,800 visits a month. That sounds like a lot - until you realize it’s ranked 262nd out of 612 crypto exchanges. The bounce rate? 55%. The average visit? Just over a minute. People land on the site, glance at the zero-fee headline, and leave. They’re not staying. They’re not trading. They’re not trusting it.

What’s Actually On iZiSwap?

According to available data, iZiSwap supports 13 cryptocurrencies and offers 20 trading pairs. That’s not a lot. Compare that to Uniswap, which supports thousands of tokens. Or even BakerySwap, which runs on BSC and has over 200 active pairs. iZiSwap’s selection is limited to a few major tokens - likely ETH, USDC, SCROLL, and maybe a handful of iZumi-related tokens.

There’s no clear list of supported tokens on their site. No search function. No token discovery. You’re expected to know what you want and type it in manually. That’s not user-friendly - it’s exclusionary. If you’re not already deep into the Scroll ecosystem, you won’t even know what’s available.

It also lacks basic features you’d expect: no limit orders, no staking dashboard, no yield farming interface shown publicly, no governance token (like UNI or SUSHI) to give users a say in the platform’s future. It’s just a swap tool - nothing more, nothing less.

No Audits. No Security Proof.

Security is the foundation of any DeFi platform. Without it, your money is just a smart contract waiting to be exploited.

There are no publicly available audit reports for iZiSwap’s smart contracts. No CertiK, no PeckShield, no Hacken. No bug bounty program. No disclosure policy. No incident history published. Nothing.

That’s not just risky - it’s reckless. In 2024 alone, over $1.2 billion was lost to DeFi exploits. Most of them happened because teams skipped audits or hid vulnerabilities. If you’re putting money into a platform that won’t show you its security credentials, you’re not investing - you’re gambling.

And here’s the kicker: iZiSwap is fully decentralized. That means no customer support. No email. No live chat. No phone number. If your transaction fails, your funds get stuck, or a bug breaks your liquidity pool - you’re on your own. There’s no team to contact. No refund policy. No insurance. Just a blockchain and a smart contract that can’t be changed.

Who Is This For?

Let’s be honest: iZiSwap (Scroll) isn’t for most people. It’s not for beginners. It’s not for casual traders. It’s not even for most DeFi users.

The only people who might benefit are those who:

• Already use Scroll as their main Layer 2 network
• Have small amounts of crypto they’re willing to risk
• Are actively testing new protocols for research or early access rewards
• Don’t mind trading in the dark - with no reviews, no audits, and no safety net

If you’re looking to move $500 or $5,000 and want to sleep at night, this isn’t the place. There are dozens of other DEXs with real track records, active communities, and verified security. Why risk it on a platform that doesn’t even have a single user review?

The Bigger Picture: Why Scroll Matters - But Doesn’t Save iZiSwap

Scroll itself is promising. It’s an Ethereum Layer 2 built on zkEVM technology, which means it’s secure, scalable, and fully compatible with Ethereum tools. Projects like Aave, Uniswap, and Compound are already deploying on Scroll. That’s a good sign.

But iZiSwap isn’t Scroll. It’s one small, unproven app built on top of it. Just because the network is solid doesn’t mean every app on it is. Think of it like building a restaurant in a new mall. The mall might be state-of-the-art - but if the restaurant has no menu, no chef reviews, and no health inspection, you’re not eating there.

iZiSwap is that restaurant. Scroll is the mall. And right now, the restaurant is empty.

What Should You Do?

If you’re curious and want to experiment:

1. Use only a tiny amount - $10 or less.
2. Connect your wallet (MetaMask or Phantom) and switch to the Scroll network manually.
3. Check the contract address on Etherscan or ScrollScan - does it match the one on iZumi’s official site?
4. Try swapping a small amount of ETH for USDC. Watch the gas fee. Watch the confirmation time.
5. Don’t add liquidity. Don’t stake. Don’t lock funds.

If everything works smoothly and you get your tokens back - great. But don’t celebrate. Just log out and wait.

Wait for audits. Wait for reviews. Wait for a public roadmap. Wait for someone - anyone - to say they made money or got help when something went wrong.

Until then, treat iZiSwap (Scroll) like a construction site: look, don’t touch.

Alternatives That Actually Work

If you want zero or low fees on a reliable DEX, here are better options:

• Uniswap (Ethereum or Polygon) - Highest liquidity, trusted audits, 0.05% fee
• BakerySwap (BSC) - Low gas, active community, 0.1% fee
• Curve Finance - Best for stablecoin swaps, low slippage
• QuickSwap (Polygon) - Fast, cheap, 100+ trading pairs
• Swap based on Scroll - Try ScrollSwap or Stargate - both have public audits and more user activity

These platforms have been tested. They have communities. They have support. They have history. iZiSwap has none of that.

There’s no shame in waiting. In crypto, the biggest winners aren’t the first ones in - they’re the ones who didn’t lose everything trying to be first.