NinjaSwap Crypto Exchange Review: Is This DEX Still Operational?

• by Alexies Diaz
• Nov 28 2025
• Cryptocurrency

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If you're looking for a new crypto exchange to trade tokens on Binance Smart Chain, you might have come across NinjaSwap. But here’s the truth: NinjaSwap isn’t a working exchange anymore. It’s a ghost project. No one’s trading on it. No one’s adding liquidity. And if you try to use it, you’ll likely lose money - not because it’s hacked, but because it’s dead.

What NinjaSwap Actually Is (or Was)

NinjaSwap was launched as a decentralized exchange (DEX) built on Binance Smart Chain (BSC). It followed the same model as Uniswap: users could swap tokens directly from their wallets without a middleman. It also offered liquidity farming and staking, letting people earn rewards by locking up their tokens in pools.

The platform had its own token, NINJA, with a maximum supply of 3.8 million. It claimed to use something called an Automatic Minting Offering (AMO) to distribute tokens, but no one ever clearly explained how it worked. More importantly, according to CoinMarketCap’s last update in November 2025, both the circulating and total supply of NINJA are listed as zero. That means no tokens are actually in circulation - which makes the whole system meaningless.

Why You Can’t Trade on NinjaSwap

Let’s say you want to swap BNB for NINJA. You connect your MetaMask wallet, go to the NinjaSwap interface, and try to make a trade. What happens?

The liquidity pool for NINJA/BNB has only $1,247 in total value, according to DEXTools as of October 2025. That’s less than what you’d spend on a decent pair of sneakers. For context, PancakeSwap - the dominant DEX on BSC - has over $1.2 billion in liquidity just for its top token pairs.

With such tiny liquidity, slippage becomes a nightmare. A $100 trade could lose 25-40% of its value before it even confirms. That’s not slippage - that’s a trap. You’re not trading. You’re giving money to the last person who dumped their NINJA tokens.

And there’s no buy pressure. No one’s buying NINJA. No one’s selling it either - because there’s no point. The price is effectively zero. CoinGecko doesn’t even list active markets for NINJA anymore.

No Security Audits, No Transparency

One of the biggest red flags? NinjaSwap’s smart contract has never been audited by any reputable firm. Not CertiK. Not SlowMist. Not even a small independent auditor. The contract address (0x93e7...D84C10) is live on BSCScan, but it’s unverified in terms of security. That means no one has checked for backdoors, minting exploits, or rug-pull mechanisms.

Compare that to PancakeSwap, which has been audited multiple times and has a public bug bounty program. NinjaSwap? Nothing. Zero transparency. If you put money into this, you’re trusting code written by anonymous developers with no track record - and no accountability.

No Users, No Community, No Support

Real crypto projects have communities. NinjaSwap has silence.

Check Reddit: a post asking “Any experience with NinjaSwap?” from November 2025 got zero replies. On Trustpilot, CryptoSlate, and BitcoinTalk - no reviews. Not one. Not even a complaint. That’s not because everyone loves it. It’s because no one’s using it.

There’s no Telegram group. No Discord server. No customer support email. No Twitter account with more than 50 followers. No documentation. No guides. If you get stuck trying to connect your wallet, you’re on your own. And you won’t find help anywhere.

Why NinjaSwap Doesn’t Appear in Any Rankings

If a project doesn’t show up in industry reports, it’s because it doesn’t exist in the real market.

DappRadar’s Q3 2025 report lists the top 20 BSC DEXs. NinjaSwap isn’t there. CoinGecko doesn’t track its volume. DeFi Llama doesn’t count its TVL. Messari’s DeFi report doesn’t mention it. Cointelegraph’s March 2025 DEX comparison covered 35 exchanges - NinjaSwap wasn’t one of them.

The top 5 DEXs on BSC control 92% of all trading volume. NinjaSwap’s market share? Below 0.01%. It’s not a niche player. It’s invisible.

What Experts Say (Spoiler: They Don’t Say Anything)

Here’s the strangest part: no one’s talking about NinjaSwap - because there’s nothing to talk about.

CoinDesk’s 2025 DeFi report? No mention. Delphi Digital’s market analysis? Called it a “zombie protocol.” CryptoRank gave it a 0.8% chance of surviving past Q1 2026. SwapSpace’s January 2025 price prediction said NINJA might drop to $0.0005553. That’s not a prediction - that’s a eulogy. The token’s value is already below that.

Even the few users who commented on forums called it a “low-liquidity trap.” One wrote: “Zero volume on DEXTools makes this impossible to trade without massive slippage.” That’s the closest thing to a user review you’ll find.

Is NinjaSwap a Scam?

It’s not technically a scam - at least not in the way you think. There’s no evidence the devs stole funds. No one withdrew liquidity and ran. The contract is still live, but inactive.

This is worse. It’s an abandoned project. The team disappeared. The token lost all value. The community vanished. The liquidity dried up. And now, it’s just a static webpage with a smart contract that no one uses.

It’s what happens when a team launches a token, gets a CoinMarketCap listing, and then stops working. They didn’t build a product. They built a listing.

What Should You Do Instead?

If you want to trade tokens on BSC, use PancakeSwap. It’s the most reliable DEX on the chain. It has billions in liquidity, regular audits, a huge user base, and a team that updates the platform every month.

If you’re into staking or farming, try BakerySwap or ApeSwap. Both have active communities, documented roadmaps, and real trading volume.

Never invest in a token that has no liquidity, no reviews, and no team. Even if the website looks professional, even if the whitepaper sounds smart - if no one else is using it, you’re the first and last sucker.

Final Verdict: Avoid NinjaSwap

NinjaSwap isn’t a crypto exchange you can use. It’s a relic. A cautionary tale. A reminder that in DeFi, popularity isn’t about marketing - it’s about real users, real liquidity, and real activity.

Don’t waste your time. Don’t waste your money. Don’t even click the link.

If you’re looking for a decentralized exchange on BSC, stick with the ones that matter. NinjaSwap? It’s gone.