#65 of 115 in the US ranking · DEX aggregator

Velora (formerly ParaSwap) Review (October 2026): Fees, US States and Licenses

Best for: Fee-free aggregated swaps

5.2/10

US access 20%9.0
Regulation 20%3.0
Security record 15%7.0
Cost 15%5.0
Range 10%4.5
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

Velora, formerly ParaSwap, is a non-custodial DEX aggregator operated by Laita Labs Ltd for the Velora Foundation. Its terms, last updated April 1, 2025, say the service is delivered without charges and do not exclude US persons, though Americans cannot join incentive programs. DefiLlama showed $1.37 billion in 30-day volume across nine chains on October 5, 2026.

Pros

Terms state the service is delivered without charges
Terms do not exclude US persons
Supports intent-based limit orders and cross-chain swaps

Cons

Americans are excluded from incentive programs
VLR market cap about $775,000 per DefiLlama
Terms list China among prohibited territories

Velora (formerly ParaSwap) fees

Maker / taker: — Not verified
Simple buy: No Velora service fee per its terms; Velora may keep trade surplus; gas extra
Volume tiers: No charge on website or API per terms; partner fees possible
ACH deposit: — Not verified
Wire deposit: — Not verified
Card purchase: — Not verified
USD withdrawal: — Not verified
Crypto withdrawal: Network (gas) fee only; funds stay in the user's wallet
Minimum deposit: — Not verified

Is Velora (formerly ParaSwap) available in my state?

Velora Terms of Use (last updated Apr 1, 2025) bar sanctioned territories and listed persons but not US persons; section 3.4.2 excludes Americans from incentive programs.

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 Velora (formerly ParaSwap) regulated?

US operator: Laita Labs Ltd
Parent company: Velora Foundation
State licenses: — Not verified
New York license: — Not verified
Founded: 2019
Headquarters: — Not verified

How secure is Velora (formerly ParaSwap)?

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 Velora (formerly ParaSwap)

Spot
Advanced trading
API

Apps: Web
Support: — Not verified

Velora (formerly ParaSwap) FAQ

What are Velora's fees?

Simple buy: No Velora service fee per its terms; Velora may keep trade surplus; gas extra.

Is Velora regulated in the US?

US customers are served by Laita Labs Ltd.

Can I withdraw crypto from Velora to my own wallet?

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

Does Velora require ID verification?

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

Alternatives to Velora (formerly ParaSwap)

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