ioBanker Trading Fee Calculator
ioBanker charges 0.25% maker fee and 0.35% taker fee on BitShares-based tokens. This calculator helps you understand the exact costs of your trades.
⚠️ Note: ioBanker's liquidity is limited for many pairs. Actual costs may be higher due to slippage.
When you hear the name ioBanker DEX is a decentralized cryptocurrency exchange built on the BitShares blockchain, the first question is usually: should you trust it? This ioBanker crypto exchange review looks at the platform’s core features, fee model, security posture, and how it stacks up against the big players in 2025.
What is ioBanker DEX?
ioBanker DEX launched on December 9, 2018, and is registered in Estonia. It markets itself as a supporter of the newer DeFi ecosystem that runs on BitShares a blockchain platform originally created in 2014 for fast, fee‑free transactions. The exchange promotes what it calls “HONEST” protocols, a branding term for a suite of BitShares‑based smart contracts.
How a Decentralized Exchange Works
Unlike Coinbase a centralized U.S. exchange that holds user funds in custodial wallets or Kraken another major centralized platform with extensive security audits, a DEX lets you trade directly from your own wallet. No funds sit on a central server; trades are settled on‑chain via smart contracts. That model promises greater privacy and resistance to hacks that target a single custody point.
Supported Assets and Liquidity
ioBanker is a niche player. Its catalog revolves around assets that live on the BitShares network - primarily BTS, SMART, and a handful of tokenized versions of popular coins. By comparison, Binance US offers 158 cryptocurrencies with deep order books and Crypto.com lists over 300 digital assets. The limited token list means liquidity can be thin, especially for lesser‑known pairs. If you need to swap a large amount of BTC for ETH, you’ll likely find tighter spreads on Uniswap, SushiSwap, or PancakeSwap-established DEXes that run on Ethereum, Polygon, and BSC.
Fee Structure
ioBanker charges a flat 0.25% maker fee and a 0.35% taker fee, payable in the traded asset. There are no withdrawal or deposit fees because you move funds from your own wallet. For reference, Coinbase charges between 0% and 3.99% depending on payment method and volume, while Kraken offers fees from 0% to 0.4% with volume discounts. If you trade modest amounts, ioBanker’s fees are competitive; however, its thin liquidity can cause hidden costs through slippage.
Security and Regulatory Standing
Security is the biggest unknown for ioBanker. The platform’s website offers a brief statement about using “industry‑standard encryption,” but there is no publicly‑available proof of third‑party audits, bug bounty programs, or insurance coverage. In contrast, Kraken runs a dedicated security lab and publishes regular proof‑of‑reserve reports.
Estonia once earned a reputation for crypto‑friendly licensing, but recent regulatory tightening now requires exchanges to hold an e‑money license and undergo AML/KYC checks. ioBanker does not disclose whether it holds such a license, nor does it provide a clear KYC flow on its sign‑up page. Users may be trading in a legal gray area, which could expose them to compliance risks if authorities decide to clamp down.
User Experience and Community Support
The UI is minimalist: a dark‑mode chart, order‑book pane, and a wallet connect button. Because it’s a DEX, you must have a BitShares‑compatible wallet (e.g., BitShares Wallet, Graphene‑Ledger) before you can place orders. Newcomers who are accustomed to the click‑and‑deposit flow of Coinbase often stumble at the wallet‑connection step.
Support channels are limited to a Telegram group and a simple email address. There is no 24/7 live chat, no ticketing system, and no publicly visible community forum. A quick search for “ioBanker reviews” returns only a handful of Reddit mentions, most of which are older (2019‑2021) and express mixed sentiment. The lack of recent community chatter suggests low adoption.
Comparative Snapshot
| Exchange | Type | Assets Offered | Typical Fees | License (Estonia) | Security Highlights |
|---|---|---|---|---|---|
| ioBanker DEX | Decentralized | ~15 BitShares‑based tokens | 0.25% maker / 0.35% taker | Not disclosed | Encryption claim; no public audit |
| Coinbase | Centralized | 235+ | 0%‑3.99% (varies) | U.S. Money Transmitter | FDIC insured, SOC 2, bug bounty |
| Kraken | Centralized | 350+ | 0%‑0.4% | Various EU licences | Kraken Security Lab, proof‑of‑reserve |
| Uniswap (v3) | Decentralized | ≈5,000 ERC‑20 | 0.05%‑1% (pool fee) | None (protocol level) | Open‑source, audits by multiple firms |
Pros and Cons
- Pros
- Fully non‑custodial - you keep private keys.
- Low flat fees compared with many centralized platforms.
- Focus on BitShares DeFi protocols, useful for niche traders.
- Cons
- Very limited asset list; low liquidity on most pairs.
- Security and regulatory info are scarce - higher risk.
- Steep learning curve for users unfamiliar with BitShares wallets.
- Minimal customer support and community presence.
Who Should Consider ioBanker?
If you are already invested in the BitShares ecosystem, need to trade BTS‑based tokens, and value total control over your private keys, ioBanker can be a handy tool. For traders who prioritize broad asset access, deep order books, and regulated protection, mainstream exchanges like Coinbase, Kraken, or even other DEXes such as Uniswap are safer bets.
Final Thoughts
ioBanker DEX is a classic example of a specialized DeFi playground that lives in a shadow of the massive exchanges dominating 2025. Its non‑custodial model aligns with the original spirit of crypto, but the lack of transparent security audits, licensing clarity, and active community support makes it a high‑risk choice for most users. If you decide to experiment, start with a small amount, keep your private keys offline, and continuously monitor the BitShares network for any security advisories.
Is ioBanker DEX regulated in Estonia?
Public records do not show a specific crypto‑exchange licence for ioBanker. While Estonia offers a favorable framework, the platform has not disclosed any licensing or AML/KYC procedures, so regulatory status remains uncertain.
What wallets can I use with ioBanker?
You need a BitShares‑compatible wallet. Popular choices include the official BitShares Web Wallet, Graphene‑Ledger, and the BitShares Mobile App.
How do fees on ioBanker compare to Uniswap?
ioBanker charges a flat 0.25‑0.35% per trade. Uniswap’s fee depends on the pool, typically 0.05%‑1% plus gas costs on Ethereum, which can be significantly higher during network congestion.
Is there a way to recover funds if I lose my private key?
No. Because ioBanker is non‑custodial, the exchange does not hold your keys. Losing the private key means losing access to the funds permanently.
Can I trade Bitcoin on ioBanker?
Only wrapped or tokenized versions of Bitcoin that exist on the BitShares blockchain are tradable. Native BTC on its own blockchain is not listed.
Jenna Em
October 20, 2025 AT 09:39Every time a new exchange appears, I wonder who's really pulling the strings behind the curtain. The fact that ioBanker hides its licensing details feels like a red flag waving in the wind. If they truly care about decentralization, why not put their audits on public view? It makes me think that someone is counting on users' trust to mask something bigger. In the end, anonymity can be a double‑edged sword.
Stephen Rees
October 26, 2025 AT 15:39It’s easy to get caught up in the hype, yet the silence from the team says more than any marketing splash ever could. The lack of transparent security audits should give anyone a pause before diving in. Even a quiet whisper about hidden partnerships can turn the whole picture upside down.
Katheline Coleman
November 1, 2025 AT 21:39Dear community, I would like to inquire about the specific regulatory obligations that ioBanker must fulfill within the Estonian jurisdiction. Could the authors clarify whether the exchange possesses an e‑money licence or any AML/KYC framework? Additionally, information regarding third‑party security assessments would be greatly appreciated. Thank you for your assistance.
Amy Kember
November 8, 2025 AT 03:39What about the wallet options it actually supports the list is short but functional
You need a BitShares compatible wallet before you can trade
No mobile app yet but the web wallet works fine
Evan Holmes
November 14, 2025 AT 09:39Looks like another niche DEX with more questions than answers.