ShapeShift Review (October 2026): Fees, US States and Licenses

Best for: Multichain swaps without KYC

5.1/10

US access 20%9.0
Regulation 20%3.0
Security record 15%6.3
Cost 15%5.0
Range 10%4.5
Popularity 15%1.3
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 Store4.2 ★ · 82

Our verdict

ShapeShift is a non-custodial DeFi platform governed by the ShapeShift DAO through the FOX token. It works with users' own wallets or its own ShapeShift Wallet and routes swaps across Ethereum, Bitcoin, Cosmos, Solana and other chains. Its FAQ says it is accessible worldwide without KYC, and it charges a flat 0.55% fee per trade.

Pros

No KYC to trade or connect a wallet
Flat 0.55% fee published in the FAQ
Swaps across Bitcoin, Ethereum, Cosmos and Solana

Cons

0.55% fee is higher than many DEX aggregators
No accountable company; run by a DAO
Predecessor ShapeShift AG settled SEC charges in 2024

ShapeShift fees

Maker / taker: — Not verified
Simple buy: — Not verified
Volume tiers: Flat 0.55% ShapeShift fee on every trade, plus network fees
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 ShapeShift available in my state?

ShapeShift's FAQ (read Oct 5, 2026) says the platform is accessible worldwide and needs no KYC, and its terms of service name no excluded countries.

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 ShapeShift regulated?

US operator: — Not verified
Parent company: ShapeShift DAO
State licenses: — Not verified
New York license: — Not verified
Other: Governed by ShapeShift DAO (FOX token holders); terms say it is not affiliated with ShapeShift AG
Founded: — Not verified
Headquarters: — Not verified

How secure is ShapeShift?

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

Incidents since 2019

2024settlementMarch 5, 2024: predecessor company ShapeShift AG settled SEC unregistered-dealer charges for its 2014-2021 platform with a $275,000 penalty.

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

What you can do on ShapeShift

Spot
Self-custody wallet
API

Bring-your-own-wallet DeFi interface with its own ShapeShift Wallet, cross-chain swaps and a swap widget/API; FOX is the governance token.

Apps: Web, iOS
Support: Help center

ShapeShift FAQ

Can I withdraw crypto from ShapeShift to my own wallet?

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

Does ShapeShift require ID verification?

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

Alternatives to ShapeShift

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