AfroDex Review: Is This African Crypto Exchange Legit or a Scam?

When you hear AfroDex, a decentralized crypto exchange targeting African markets. Also known as AfroDex DEX, it claims to offer low-fee trading without KYC for users across Nigeria, Kenya, and South Africa. But here’s the problem: there’s no verified team, no public audit, and no real trading volume. Sites that pop up as "AfroDex" are mostly clones or phishing pages. Real decentralized exchanges like OneDex, a niche DEX built for the MultiversX blockchain at least have transparent code and active communities. AfroDex doesn’t even have that.

Many users stumble onto AfroDex after searching for crypto options in regions with limited banking access. They’re drawn by promises of fast, free trades — but end up losing funds to fake deposit addresses or withdrawal delays. This isn’t unique to Africa. Scam exchanges like LocalTrade, an unregulated platform linked to lost funds and recovery scams have used the same playbook globally. The difference? AfroDex hides behind vague marketing about "financial freedom for Africa," while offering zero proof it exists beyond a website and a Telegram group.

What’s worse, some of these fake platforms copy real project names to trick people. If you’re looking for a trustworthy DEX in Africa, you need more than a flashy logo. You need public smart contract addresses, verified team members, and real on-chain activity. PayCash Swap, a crypto exchange with zero reviews and no security details got shut down for exactly this reason — and AfroDex is following the same path.

Don’t confuse hype with legitimacy. If a platform doesn’t show its code, doesn’t name its founders, and doesn’t have a history of transactions, it’s not a platform — it’s a trap. The real crypto revolution in Africa isn’t built on mystery exchanges. It’s built on tools like P2P networks, peer-to-peer trading systems that let users bypass banks, and regulated platforms that actually answer your questions.

Below, you’ll find real reviews of crypto exchanges — both the ones that work and the ones that vanish overnight. You’ll see how scams like AfroDex mimic real projects, what red flags to spot before you deposit, and which African-friendly exchanges actually deliver on their promises. No fluff. No promises. Just facts from users who lost money, and others who found safe ways forward.