Oasis Swap Crypto Exchange Review: Why This Platform Is No Longer Operational

If you're looking to trade crypto on a decentralized exchange and came across Oasis Swap, stop. This platform doesn't exist anymore - not as a working service, not as a live website, and certainly not as a safe place to put your money. It vanished quietly in late 2021, leaving behind confused users, abandoned wallets, and a trail of failed withdrawals. What you’re seeing today is either a ghost site, a scam copycat, or outdated search results clinging to a dead project.

What Was Oasis Exchange?

Oasis Exchange launched in 2019 as a decentralized exchange (DEX) based in South Korea. Unlike centralized platforms like Binance or Coinbase, it claimed to let users trade directly from their own wallets - no KYC, no account creation, no middleman holding your funds. That sounds great on paper. But here’s the catch: it never solved the biggest problem all DEXs face - keeping liquidity alive.

At its peak in February 2021, CoinMarketCap reported $1.5 billion in daily trading volume. That’s bigger than most DEXs today. But that number was fake. Or at least, it was inflated. No one could verify those trades on-chain. No blockchain explorer showed matching transactions. The volume was just numbers on a screen, not real trades happening on Ethereum.

Why Did Oasis Exchange Die?

There are three reasons this exchange collapsed - and they’re the same reasons most DEXs fail.

First, liquidity dried up. Liquidity is the lifeblood of any exchange. If no one’s putting money into the pools, trades can’t happen. Oasis Exchange had no incentive program. No token rewards. No partnerships with market makers. When users started pulling their funds out, there was nothing to replace them. By September 2021, CoinMarketCap dropped it from tracking entirely. The volume went from $1.5B to zero in seven months.

Second, users couldn’t withdraw. Hundreds of people posted on Reddit and Trustpilot saying they tried to pull out ETH, USDT, or other tokens - and the platform just didn’t process it. Some reported seeing their trades confirmed on the site, but nothing ever showed up on Etherscan. That’s a red flag so big it should’ve shut the whole thing down. When a DEX can’t return your crypto, it’s not a technical glitch - it’s a failure of trust.

Third, support vanished. The Discord server, which once had over 12,000 members, shrunk to under 300 by August 2021. Telegram support tickets went unanswered for over 11 days on average. Their website documentation was broken. Wallet integration guides didn’t work. By mid-2021, MetaMask and other major wallets stopped supporting Oasis Exchange because its smart contracts were outdated and unsafe.

Oasis Exchange vs. Oasis Network - Don’t Get Confused

This is critical: Oasis Exchange is NOT the same as Oasis Network. They sound alike, but they’re completely different.

Oasis Network is a live, active Layer 1 blockchain launched in 2020. It has its own token, ROSE, and a real development team. It’s used for privacy-focused applications and has partnerships with the World Economic Forum. Its decentralized exchange, YuzuSwap, is still running with over $5 million in daily volume as of mid-2025. Binance even invested $200 million into its ecosystem in December 2021.

Oasis Exchange? No team. No code updates since 2021. No GitHub commits. No wallet support. No community. Just a dead domain that expired in January 2022.

If you see someone promoting “Oasis Swap” today, they’re either misinformed or trying to sell you something that doesn’t exist.

What Happened to the Users?

User reports paint a grim picture. Trustpilot archives show 17 reviews averaging just 1.8 out of 5 stars. Common complaints:

• “I tried to withdraw 3 ETH - it showed as processed, but never arrived.”
• “The site says I made a trade, but Etherscan shows nothing.”
• “I emailed support 12 times. No reply.”
• “My wallet is still connected, but I can’t access my funds.”

Chainalysis flagged Oasis Exchange in its 2022 Crypto Crime Report as a “ghost exchange” - a platform that looks active but is actually dead, designed to lure users into depositing funds before disappearing. It’s not a hack. It’s a scam by omission.

How Does This Compare to Real DEXs Today?

Compare Oasis Exchange to what’s working now:

• Uniswap: $1.2 billion daily volume in Q2 2025. Active GitHub with over 1,200 commits in 2024. Community governance. Regular upgrades.
• PancakeSwap: $850 million daily volume. Built on BSC. Strong tokenomics. Incentives for liquidity providers.
• YuzuSwap (on Oasis Network): $5.9 million daily volume. Backed by Binance. Active development.

Oasis Exchange had none of that. No tokenomics. No governance. No incentives. No transparency. It was a DEX without a backbone.

Is There Any Way to Recover Funds?

No. If you deposited funds into Oasis Exchange after mid-2021, they’re gone. The smart contracts are inactive. The servers are offline. The company, Guardian Holdings Co., Ltd., hasn’t responded to inquiries since 2021. Legal recourse is nearly impossible - it was a South Korean-based operation with no clear jurisdiction for international users.

The only thing left is the domain. It now redirects to a placeholder page. Some scam sites have copied the name to trick people into connecting wallets. Don’t fall for it.

What Can You Learn From This?

Oasis Exchange is a textbook case of how not to build a DEX. Here’s what to watch for before using any decentralized exchange:

• Check the volume on-chain: Use Etherscan, BscScan, or Solana Explorer to verify trades. Don’t trust exchange-reported numbers.
• Look at GitHub: Is there recent code activity? If the last commit was over a year ago, the project is likely dead.
• Check community size: Discord and Telegram should have hundreds or thousands of active members, not ghosts.
• Read user reviews: Look for patterns. If 10 people say “I can’t withdraw,” that’s not a coincidence.
• Know the difference between names: Oasis Exchange ≠ Oasis Network. Same name, totally different projects.

Final Verdict: Avoid Oasis Exchange Completely

Oasis Exchange is dead. It stopped functioning in late 2021. There is no revival plan. No team. No code. No support. The only reason it still pops up in searches is because of outdated articles and SEO spam.

If you’re looking for a safe, working DEX, stick with the ones that have proven track records: Uniswap, PancakeSwap, or YuzuSwap (on Oasis Network). They’re active, transparent, and have real communities behind them.

Oasis Exchange? Don’t even think about it. It’s a graveyard for crypto funds.