CoW Swap review: $18M 24h volume, 180 markets, 0% taker fee, KYC no. Figures re-checked 2026-10-27.

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Chain188
Exchange Checked Oct 27, 2026 No KYC

CoW Swap

Decentralised Since 2022 180 assets Global

3.8 Editorial score out of 5 · fees, access, depth
24h volume
$18M
7d volume
$130M
30d volume
$920M
Markets · 24h move
180 +12.30%

Volume source: Venue-reported API · 2026-10-27

Fee schedule, entry tier

2026-10-27
Spot maker / taker —% / —%
Futures maker / taker 0.02% / 0.055%
Deposit Free
Withdrawal Network fee, varies by chain

At a glance

Type Exchange
Supported assets 180
Fiat on-ramps Crypto only
KYC required No
Jurisdiction Decentralised
Availability Global
Editorial score 3.8 / 5

Works well

  • Volume and market count are published, so the row can be checked
  • Entry-tier fees are stated on the public fee page
  • API access for balances and orders

Watch out for

  • Withdrawal fees are flat and change without notice
  • Jurisdiction and entity differ from the marketing brand

What CoW Swap is

CoW Swap is a centralised exchange venue launched in 2022. At our last check it reported $18M of 24-hour turnover across 180 markets, with $920M in 30-day volume.

Fees

Spot trading is priced at 0% maker and 0% taker on the published entry tier. Deposit fees are usually zero; the withdrawal fee depends on the network you use and is the number that dominates small transfers.

Access and custody

Headquartered in Decentralised. Identity verification: No. Available in: Crypto-only, no identity check on the trading account. CoW Swap supports fiat on-ramps in major currencies where it is licensed.

What to check before you deposit

Confirm the legal entity on your statement, test a withdrawal before you size a position, and keep a record of the cost basis at the moment any reward is credited.

Figures re-checked 2026-10-27. Volume is reported by the venue and can be inflated; we do not adjust it.

Frequently asked questions

What does CoW Swap charge per trade?

0% maker and 0% taker on the published entry tier. VIP tiers reduce this with volume.

Does CoW Swap require KYC?

No for crypto-only trading. Fiat deposits generally require verification.

How we verify

Chain188

Every offer is re-checked against the official terms page, the bonus amount and the expiry date before it is published, and again whenever a campaign changes.

Last verified October 27, 2026 Text-only version Corrections

Some links on this page are affiliate links. If you sign up through them we may earn a commission at no extra cost to you. Offers, bonus amounts and expiry dates are verified daily but can change without notice — always read the official terms before you invest. Crypto assets are volatile and this page is not financial advice.

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