Linkswap Crypto Exchange Review: Why It Shut Down and What Happened to Your Funds
Linkswap was a short-lived DeFi exchange that shut down in 2022. This review explains why it failed, what happened to user funds, and what to use instead in 2025.
When you try to swap tokens on Linkswap, a decentralized exchange built for quick token swaps on Ethereum and other EVM chains. Also known as LinkSwap DEX, it’s meant to be fast, cheap, and simple—but when it stops working, you’re left staring at a spinning loader or a failed transaction error. This isn’t just bad luck. It’s usually one of five real, fixable problems.
First, liquidity pools, the reserve of tokens that lets you trade one asset for another. Also known as token liquidity, it’s what keeps swaps running can dry up. If no one’s added enough ETH, USDC, or other tokens to the pool, your trade just can’t go through. This happens often with new or low-volume tokens. You’ll see a "slippage too high" error or a zero-price quote. It’s not Linkswap breaking—it’s the market not having enough depth.
Second, your wallet’s approval limit, the permission you give a DEX to spend your tokens. Also known as token allowance, it’s often set too low or expired. Many users approve only $10 worth of a token, then try to swap $100. The transaction fails because the DEX can’t touch more than what’s allowed. Or worse—you approved months ago, and the contract changed. Re-approve with a higher limit and reset the permission.
Third, network congestion, when too many people are using Ethereum or other blockchains at once. Also known as gas wars, it causes delays and failed transactions. If you’re on Ethereum and the gas price is $50+, your swap might sit in the mempool for hours—or get dropped. Switch to a faster chain like Polygon or Arbitrum if Linkswap supports it. Or bump your gas fee manually in your wallet.
Fourth, browser or wallet extensions can interfere. MetaMask, Trust Wallet, or Phantom sometimes block transactions due to security alerts—even when they’re safe. Try a different browser, clear cache, or use a mobile wallet. If you’re on a VPN or proxy, turn it off. Many DEXs block traffic from known anonymizing services.
Fifth, the token you’re trying to swap might be a scam or a honeypot. Some tokens look real but lock liquidity or prevent selling. If the token has no audit, zero community, and was launched yesterday, Linkswap isn’t broken—you’re trying to trade a dead asset. Check the token’s contract on Etherscan. Look for renounced ownership, locked liquidity, and real holders. If it’s a meme coin with no roadmap, walk away.
Linkswap itself rarely crashes. The platform is stable. The problems come from the layers around it: your wallet, the network, the token, or your settings. Most fixes take under five minutes. Re-approve your token. Check the liquidity pool. Switch networks. Clear your cache. You’ll be swapping again in minutes.
Below, you’ll find real reviews and deep dives into exchanges and DeFi platforms that face the same issues—whether it’s Polycat Finance’s dead liquidity, Libre Swap’s one-trading-pair trap, or OpenSwap’s ghost token. If you’ve ever been stuck with a failed swap, these posts will show you how to spot the red flags before you lose time—and money.
Linkswap was a short-lived DeFi exchange that shut down in 2022. This review explains why it failed, what happened to user funds, and what to use instead in 2025.