Cowrie Research

swapped-com-primary-sources-2026-04-27

4 min read

Swapped.com primary-source snapshot

Last reviewed: 2026-04-27 UTC

Project status snapshot

What the official materials say

1) Brand continuity and current source-of-truth shift

  • URLs:
  • Key takeaways:
    • The legacy kado.money domain currently redirects to swapped.com, which strongly suggests a live brand migration or replacement rather than a separate still-active product line
    • In this review pass, docs.kado.money and a legacy Kado docs path both failed TLS negotiation, while docs.swapped.com loaded successfully
    • For practical research purposes, the current first-party source of truth appears to have moved from the Kado branding to the Swapped branding, and this is worth recording explicitly so future researchers do not treat the dead/legacy docs host as the canonical docs surface

2) Homepage, company page, and business/product overview

  • URLs:
  • Key takeaways:
    • The homepage presents Swapped as a simple buy/sell crypto service with 30+ cryptocurrencies, 40+ payment methods, 150+ countries, and strong regulation/compliance messaging
    • The about page says Swapped was founded in Denmark in 2021 and frames the company as access infrastructure for individuals, businesses, and platforms rather than only a retail app
    • The business page makes the partner posture explicit by foregrounding productized integration surfaces, especially Swapped Ramp and Swapped Connect
    • The combination of consumer-facing copy plus a dedicated business product page is the first clue that Swapped should be cataloged as embedded access infrastructure, not just a public storefront

3) Ramp product and on-ramp/off-ramp integration model

  • URLs:
  • Key takeaways:
    • Swapped Ramp is positioned as an embeddable on-ramp and off-ramp product rather than a standalone consumer flow only
    • The docs describe a signed iframe model with publishable API keys, HMAC-SHA256 URL signing, wallet-address parameters, optional redirect and callback URLs, configurable markups, and other embed controls
    • The public docs sitemap shows a real operational doc surface including price, payment-method, payout-method, supported-asset, payment-status, and transaction endpoints plus webhook and sandbox pages
    • This is a strong categorization signal: Swapped is running a developer-facing checkout and money-movement control plane, not merely a static affiliate widget

4) Swapped Connect and deposit/top-up workflow

  • URLs:
  • Key takeaways:
    • Swapped Connect is framed as a way for platforms to let users deposit or top up by sending crypto directly from connected wallets and exchanges without manual wallet-address copying or network selection
    • The docs explicitly describe three connection models: direct connection, API-key connection, and proxy connection
    • This is a meaningful differentiation from a normal fiat on-ramp because it shows Swapped also wants to sit inside crypto-native deposit and transfer flows between platforms, exchanges, and wallets
    • The product is therefore better understood as deposit and transfer orchestration infrastructure layered alongside the ramp product

5) Regulatory/funds-flow posture and structured metadata

  • URLs:
  • Key takeaways:
    • llms.txt states that Swapped is a non-custodial cryptocurrency platform operated by Swapped ApS in Denmark and lists multiple regulatory registrations spanning Denmark, Norway, FinCEN, Fintrac, and ASIC-related registration references
    • The funds-handling page provides unusually concrete operational detail for a public marketing/legal page, including reserved-vs-held-funds behavior for instant payments, segregated funds for bank-transfer flows, refund handling, and six-hour validity windows for inbound sell-side crypto transfers
    • The fees page says Swapped sources real-time prices from multiple liquidity providers and applies an internal Best Execution policy, which is a useful clue that pricing and order routing are operationally managed rather than purely static or manual
    • Together these pages make Swapped easier to classify as operational payments infrastructure rather than a generic “buy crypto” brand

Whitepaper / technical-doc status

  • No canonical Swapped.com or Kado whitepaper/litepaper surfaced in this pass.
  • The strongest current source of truth is the Swapped website, docs portal, structured llms.txt file, and legal/funds-handling documentation.
  • The brand migration from Kado to Swapped is itself an important research note because older Kado docs paths may mislead future discovery work.

Research notes

  • Best current category for the library: fiat-crypto on/off-ramp infrastructure / embedded checkout and deposit widgets / payments control plane.
  • Most important categorization clues:
    • signed iframe integration model
    • webhook/callback and sandbox docs
    • Connect product for wallet/exchange deposit orchestration
    • explicit pricing, payment-method, and transaction endpoints in the public docs sitemap
  • Important caveat: some structured claims, especially in llms.txt, are richer than the visible public product pages. Keep the homepage/business/docs/legal surfaces as the anchor when summarizing the company.
  • Important maintenance note: if follow-up research is needed, use docs.swapped.com rather than the legacy docs.kado.money host.

Graph View