Bitcoin Forum

Is it safe to use paraswap.io to buy tokens? I'm not sure because I dont want to get scammed in the process.

Yes its a legit dex platform but make sure you don't leave your wallet connected to any dex even if its paraswap, disconnect after every successful trades.

Of course it is unless the platform is compromised which I doubt. Most projects that launch airdrops are safe especially when they are dex that has supported by a lot of people who uses degen. Ive seen paraswap platform but too bad didnt get the airdrop for that.

You can also check whether their website is secure or not. But for me its safe to buy tokens there.

Is there any reason why you need to use paraswap instead of many popular dex e.g. uniswap, pancakeswap, dydx etc. I don't think it's about the tokens doesn't listed on the popular one, since in dex there's no need verification to get listed. If you doubt, better to not use it... there's no many informations about this dex too.

Well, Paraswap is just an aggregator that uses all AMMs behind the scenes. I've gotten over 5% difference on a swap because of this (lots of unbalanced pools everywhere). :)

What token are you trying to buy on paraswap? I like pancakeswap and Apeswap more than paraswap, even Biswap is better, Paraswap is safe but not that popular like the rest I made mentioned.

It honestly takes confidence to use new markets, including what you mentioned. If you feel safe and get the best source for evidence then do it. Even myself choose to trade more securely with exchanges that already have good credibility and many of its users. It is better to allocate to other markets if you are in doubt. But there's little advice if you've been sure, I think you're creating a new wallet to connect with. So it's one of the efforts to reduce losses even more. Precisely the capital you want to use trading there, do not put other assets there.

It's legit dex but it has low liquidity compared with another dex. This token officially launched by paraswap team https://coinmarketcap.com/currencies/paraswap/

You can check the domain that already listed on CMC and it was saying paraswap io. that means if that site was legit site and you will not be scammed when you wanna tray to use it.

You can also try to double check the domain or join in the tele group to make sure if you are visiting the right address

First, check if it is a real paraswap because the space has scam products that copy the main product. I used to trade with this DEX too, and it's really safe for me and many of my friends, I remember many users have also received large airdrops from it, so there's no need to be afraid to use it. :)

I'm not experienced with ParaSwap because still it’s not a popular Decentralized exchange as like PancakeSwap and UniSwap. But i don’t see any bad reviews about ParaSwap so it’s looks a legit DEX. I would like to suggest if you have any doubts then you will go to buy tokens in others reputable exchanges to safe transaction.

Paraswap did some airdrop thats as good as 1inch some weeks back, this dex is a trusted crypto swapping platform, you only have to make sure that you are visiting the right link https://paraswap.io because scammers might create a fake one, always crosscheck every link before visiting.

Don't worry about that caused by that's an official domain and you will never be scammed by that. I have been using it as well and it's safe to be used by anyone. Why don't you even try to check it through use the link that published by its official social channel if you are feeling worry with it?
Some members above me have been saying the same thing like me too if that was safe to be used by you and you must not feel worry again. You can use paraswap service safely without any problem. As long as the domain used io at the end of its name and it can be trusted.
So far so good. You can also verify that through CMC as well if you are still feeling doubt about that.

I've personally never used paraswap, and it's the first time I've heard of it. however, if there are no conditions that require you to sell or buy there, and you are hesitant to use it, you should choose another more reliable DEX such as pancakeswap or sushiswap. however, if you require to use it, then consider it well to use it as wisely as possible. some sources that I see say that the liquidity is low.

I use paraswap. For maximum security, you can connect to this exchange from an additional wallet, buy the desired token and transfer it to the main wallet. If there are no tokens on your additional wallet, then you have nothing to lose.

that's a correct site. Im also using it right now to trade some garbage tokens and PSP as well. Paraswapio was safe and it's the mainsite of paraswap. As long as the domain was not using other than io and it's safe. If you are feeling worry about this decentralized exchange site and why don't you just try to use another dex which has more good reputation compared with the paraswap? it seems like that if you are also feeling worry to connect your wallet.