Slingshot Finance Fee Calculator
Slingshot Finance
0% trading fees
Gas Fee:
$0.00
Uniswap
0.3% trading fees
Trading Fee:
$0.00
Gas Fee:
$0.00
Your Savings
When compared to Uniswap
$0.00
on a $0.00 trade
Slingshot Finance saves you 0% in fees
Slingshot Finance isn’t another crypto exchange that charges you 0.5% just to swap tokens. It doesn’t hold your keys. It doesn’t require ID verification. And as of late 2025, it still offers 0.00% trading fees-a rarity in a space where even decentralized platforms now charge 0.3% or more. But is it safe? Is it practical? And with Magic Eden now owning it, is this the quiet underdog that’s about to blow up?
What Is Slingshot Finance?
Slingshot Finance is a non-custodial, cross-chain decentralized exchange (DEX) aggregator. That means it doesn’t store your crypto. You keep your private keys. When you trade, Slingshot doesn’t act as a middleman-it finds the best price across multiple DEXs like Uniswap, PancakeSwap, and QuickSwap, then executes the trade directly from your wallet. It supports Arbitrum, Polygon, Binance Smart Chain, and more. Over 40,000 tokens are available to trade, and you can connect your bank account directly to deposit fiat and convert it to crypto in one flow.Unlike centralized exchanges like Coinbase or Binance, Slingshot doesn’t freeze accounts or demand KYC. That’s a big deal for users who’ve seen their funds locked up during exchange collapses like FTX. Slingshot’s model is built on the idea that you should own your assets-not a company.
How Slingshot Makes Money (If It Doesn’t Charge Fees)
This is the question everyone asks: How is this possible? If Slingshot charges 0% to trade, how does it pay its developers, servers, and security teams?The answer lies in its revenue model. Slingshot earns revenue through liquidity provider (LP) rebates. When you trade, Slingshot routes your order to DEXs that pay it a small fee for directing traffic. Think of it like a search engine getting paid to send users to specific websites. The trade itself is free for you, but Slingshot gets paid behind the scenes by the liquidity pools it taps into.
This model works as long as trading volume stays high enough to generate rebates. But here’s the catch: Slingshot’s monthly web traffic is only around 1,820 visits, according to FxVerify’s 2023 data. That’s tiny compared to Uniswap, which handles over $56 billion in monthly volume. Low volume means lower rebates. Without more users, this model could become unsustainable.
Why Cross-Chain Matters
Most DEXs are stuck on one blockchain. Uniswap is Ethereum-only. PancakeSwap is BSC-only. Slingshot lets you trade across chains without wrapping tokens or using bridges. You can swap a token on Polygon for one on Arbitrum in a single click. That’s huge.Before Slingshot, moving assets between chains meant multiple steps: send ETH to a bridge, wait 10-30 minutes, pay gas on both ends, then swap on the target chain. Slingshot cuts that down to one transaction. It’s like having a universal adapter for crypto.
For traders who use multiple chains-say, holding $SOL on Solana, $MATIC on Polygon, and $ARB on Arbitrum-this saves time, reduces errors, and cuts gas fees dramatically. It’s not just convenient. It’s a game-changer for active traders who don’t want to manage 5 different wallets and 3 bridges.
Mobile App and User Experience
Slingshot’s web interface is clean, simple, and fast. No clutter. No confusing menus. You connect your wallet (MetaMask, Phantom, etc.), pick your tokens, and hit swap. Even beginners can figure it out in under a minute.But the real push is the mobile app. As of late 2025, the iOS and Android apps are still in development, with a waitlist active since late 2022. Apple App Store reviews (as of 2023) call it “the fastest cross-chain trading app to buy and sell crypto.” That’s high praise, especially coming from users tired of clunky DeFi interfaces.
Once launched, the mobile app will likely be Slingshot’s biggest growth driver. Mobile crypto trading is exploding, and most DEXs still lag behind centralized apps in UX. If Slingshot nails this, it could attract a whole new wave of retail traders.
Security: Non-Custodial, But Not Risk-Free
Slingshot is non-custodial. That means your crypto never leaves your wallet. No one can freeze your funds. No one can hack your account because there’s no central database to breach.But here’s the reality: you’re still responsible for everything. If you send tokens to the wrong address, they’re gone. If you click a phishing link and sign a malicious approval, your wallet is drained. Slingshot can’t help you if you make a mistake. That’s true for every DeFi platform.
Also, Slingshot has no regulatory oversight. FxVerify confirmed in 2023 that no government body regulates it. That’s fine if you’re in a crypto-friendly country. But if you’re in the U.S., the SEC is cracking down hard on unregistered exchanges. Using Slingshot could put you in legal gray territory, especially if you’re trading tokens classified as securities.
Who Is This For? Who Should Avoid It?
Use Slingshot if you:- Want 0% trading fees and hate paying gas on every swap
- Trade across multiple chains regularly
- Prefer full control over your assets
- Don’t need margin trading, futures, or advanced charting tools
- Are comfortable with DeFi and managing your own keys
- Need to buy crypto with a credit card (it doesn’t support direct card deposits)
- Want regulatory protection or FDIC-style insurance
- Need high liquidity for large trades (slippage can be high on low-volume pairs)
- Expect customer support to fix your mistakes
Slingshot isn’t for beginners who just want to buy Bitcoin and hold it. It’s for active traders who want speed, low cost, and cross-chain freedom.
The Magic Eden Factor
In early 2024, Magic Eden-the biggest NFT marketplace on Solana-acquired Slingshot Finance. This wasn’t just a funding round. It was a strategic pivot.Magic Eden already had 2 million users, deep infrastructure, and brand trust in the crypto space. By acquiring Slingshot, it moved from being an NFT platform to a full DeFi hub. That means Slingshot now has access to resources it never had: engineering teams, marketing budgets, and user onboarding systems.
Expect integrations soon: NFT trading directly from Slingshot, wallet-to-wallet NFT swaps, and maybe even tokenized NFT royalties. Magic Eden’s involvement could turn Slingshot from a niche tool into a major player.
Final Verdict: Worth Trying?
Slingshot Finance isn’t perfect. It’s small. It’s unregulated. Its revenue model is unproven at scale. But it’s also one of the few platforms that actually delivers on the promise of DeFi: fast, cheap, and user-owned trading.If you’re tired of paying fees just to swap tokens, if you’re juggling multiple chains, or if you just want to try a truly non-custodial exchange-Slingshot is worth testing. Start with a small amount. See how it feels. Watch for updates from Magic Eden.
It’s not the next Binance. But for traders who care about control and cost, it might be the best thing to happen to decentralized trading since Uniswap.
Is Slingshot Finance safe to use?
Slingshot is non-custodial, meaning your funds stay in your wallet, which makes it safer than centralized exchanges like Coinbase or Binance. However, it has no regulatory oversight, so there’s no legal protection if something goes wrong. You’re responsible for your own security-double-check addresses, avoid phishing links, and never share your seed phrase.
Does Slingshot Finance charge any fees?
Yes, but not for trading. Slingshot charges 0.00% maker and taker fees on all trades. However, you still pay network gas fees to the blockchain you’re using (like Polygon or Arbitrum). These are paid directly to miners/validators, not to Slingshot. The platform earns revenue through rebates from liquidity providers, not user fees.
Can I buy crypto with a credit card on Slingshot?
No. Slingshot doesn’t support direct credit card purchases. You can connect your bank account via fiat on-ramps like MoonPay or Wyre to deposit USD and convert it to crypto, but you can’t use a card. For card purchases, you’ll need a centralized exchange first, then transfer funds to Slingshot.
Is Slingshot Finance available on mobile?
A mobile app for iOS and Android is in development, with a waitlist active since late 2022. As of late 2025, it hasn’t been officially released. The web version works fine on mobile browsers, but a native app will likely offer better performance and easier access to wallet features.
Why did Magic Eden buy Slingshot Finance?
Magic Eden, the largest Solana NFT marketplace, acquired Slingshot to expand beyond NFTs into broader DeFi services. This move lets Magic Eden offer users a way to trade tokens, not just NFTs, creating a one-stop shop for crypto assets. It also gives Slingshot access to Magic Eden’s user base, engineering resources, and brand credibility.
How does Slingshot compare to Uniswap?
Uniswap is Ethereum-only and charges 0.3% fees on most trades. Slingshot supports multiple chains (Arbitrum, Polygon, BSC) and charges 0% fees. Slingshot is better for cross-chain trading and lower costs, while Uniswap has deeper liquidity and higher trading volume. If you’re only on Ethereum, Uniswap is still the default. If you’re multi-chain, Slingshot wins.
Is Slingshot Finance regulated?
No. Slingshot Finance operates without regulatory oversight from any government agency, including the U.S. SEC. This makes it risky for users in countries with strict crypto regulations. While this gives users freedom, it also means no legal recourse if something goes wrong.
0% fees? Yeah right. This is how they get you to trade more so they can rake in LP rebates. Classic. I've seen this movie before. You think you're saving money but you're just feeding the machine.
I've been using Slingshot for 6 months. No issues. Gas fees are the only cost. The UI is clean. Just don't send funds to the wrong address.
Let me guess-you're the guy who still thinks DeFi is 'decentralized' while using a wallet connected to a centralized fiat on-ramp. Slingshot is the only thing keeping real crypto alive. Uniswap is a corporate mascot now. This? This is the future. And you're just here to complain because you don't understand it.
The cross-chain functionality is genuinely impressive. I used to juggle 3 different wallets and 2 bridges just to move between Polygon and Arbitrum. Now it's one click. The only downside is the lack of mobile app-still waiting since 2022. But the web version works flawlessly on mobile browser.
I'm concerned, though, about the regulatory gray zone-especially for U.S. users. The SEC has been very clear that any platform facilitating token swaps without registration is operating illegally, and while Slingshot doesn't hold your keys, it's still acting as a facilitator. The fact that Magic Eden, a company with significant U.S. exposure, now owns it, makes me wonder if this is a slow pivot toward compliance-or a very risky gamble. I don't want to lose my assets, but I also don't want to accidentally violate federal law just because I wanted to save 0.3% on a swap.
I'm from India and I've been using this for a while. No KYC is a game changer here. Banks freeze accounts for crypto activity, but Slingshot? Nothing. I swap between BSC and Polygon daily. Gas fees are low, and the interface is simple. Only problem is the waitlist for mobile app. Still waiting. But honestly, I'm not surprised. Good things take time.