PumpSwap (Pump.fun) Review (October 2026): Fees, US States and Licenses

Best for: Solana memecoin trading

4.3/10

US access 20%5.0
Regulation 20%3.0
Security record 15%7.0
Cost 15%5.0
Range 10%4.2
Popularity 15%1.0
Data quality 5%7.0

By Vahe Hakobyan Verified October 5, 2026 Medium confidence No affiliate links

Taker fee— Not verified
US states— Not verified
New York— Not verified
Coins— Not verified
CustodyNon-custodial
App Store— Not verified

Our verdict

PumpSwap is the Solana exchange attached to the Pump.fun token launchpad, operated by Baton Corporation, Ltd. under British Virgin Islands law. Fees on canonical pools run from 1.25% down to 0.30% as a token's market cap grows. Terms dated September 25, 2026 bar US persons from the perpetuals feature. DefiLlama showed $12.97 billion in 30-day volume on October 5, 2026.

Pros

About $12.97 billion in 30-day volume
Published fee schedule, last updated May 20, 2026
Tokens move from bonding curve to PumpSwap pools

Cons

Fees up to 1.25% on small-cap tokens
Perpetuals not available to persons in the United States
Prohibited-jurisdiction list could not be read in full

PumpSwap (Pump.fun) fees

Maker / taker: — Not verified
Simple buy: — Not verified
Volume tiers: 0.30%-1.25% per swap depending on token market cap
ACH deposit: — Not verified
Wire deposit: — Not verified
Card purchase: — Not verified
USD withdrawal: — Not verified
Crypto withdrawal: Network fee only
Minimum deposit: — Not verified

Is PumpSwap (Pump.fun) available in my state?

Pump.fun terms updated September 25, 2026 state the Perpetuals Feature is not available to persons in the United States; whether spot trading is open to US users could not be confirmed.

The list of states this platform serves is not verified yet.

New York: — Not verified
ID check (KYC): No
Withdraw crypto: Yes
Funding: Crypto

Is PumpSwap (Pump.fun) regulated?

US operator: — Not verified
Parent company: Baton Corporation, Ltd. (England address; BVI governing law)
State licenses: — Not verified
New York license: — Not verified
Founded: — Not verified
Headquarters: — Not verified

How secure is PumpSwap (Pump.fun)?

Proof of reserves: N/A (non-custodial)
Audits: — Not verified
Insurance: — Not verified

Incidents since 2019

None found in the sources checked.

Crypto held on a platform is not covered by FDIC or SIPC insurance.

What you can do on PumpSwap (Pump.fun)

Spot

Perpetuals feature excluded for persons in the United States per terms.

Apps: Web
Support: — Not verified

PumpSwap (Pump.fun) FAQ

Can I withdraw crypto from PumpSwap to my own wallet?

Yes. PumpSwap lets US users send crypto to an external wallet.

Does PumpSwap require ID verification?

No account or ID check is needed for on-chain swaps on PumpSwap.

Alternatives to PumpSwap (Pump.fun)

Not financial advice. Crypto prices are volatile and you can lose everything you put in. World-Crypt earns nothing from the platforms reviewed here.