Stable Swap has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Sellebit. We’ve received over 3 complaints against Stable Swap.
It’s not clear who owns Stable Swap or who runs the company. The domain name “stableswap.live” was registered secretly on October 26, 2023. Its YouTube channel has marketing videos in Taglish that are aimed at Filipinos. The channel is hosted by Pat Gallardo, who previously pushed another platform before joining Stable Swap. According to data from March 2024, most of the people who visit its website are from the Philippines and Australia. Even though Stable Swap says it works with Topjuan Tech, it doesn’t have the necessary government licenses. This makes it very hard to believe that it is legal and that investing in it is safe.
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Key Takeaways
Is Stable Swap Regulated? Do They Have a License?
Ownership and executive information is not disclosed on the official website of Stable Swap. The domain “stableswap.live” was registered privately on October 26th, 2023. Users can easily navigate to the company’s official YouTube channel by clicking on the provided link.
The promotional videos on Stable Swap’s YouTube channel predominantly use Taglish, a combination of Tagalog and English, suggesting a focus on the Filipino audience. Pat Gallardo, the host of the videos, also shares Stable Swap marketing content on his personal YouTube channel. Before his association with Stable Swap, Gallardo was actively promoting another platform called Swych from September 2023 onwards.
According to SimilarWeb’s data for March 2024, the website of Stable Swap receives the highest amount of traffic from the Philippines (71%) and Australia (23%). Based on the data, it appears that there is a notable level of interest in Stable Swap’s offerings within the region.
Partnership with Topjuan Tech Stable Swap aims to establish credibility by partnering with Topjuan Tech, a company that offers merchant payment processor services through “topwallet.ph.” However, it’s important to note that Topjuan Tech is not registered with the Philippine SEC.
It is important to note that this relationship does not absolve one from their legal obligations under securities law.
It’s important to be cautious when dealing with MLM companies that lack transparency regarding their management, particularly when considering investing your money. This lack of transparency is quite concerning.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Stable Swap is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Stable Swap, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at Stable Swap
Stable Swap does not offer any products or services that can be sold directly to consumers. Affiliates are limited to promoting the Stable Swap membership exclusively.
Invest cryptocurrency with the promise of returns across three tiers as offered by Stable Swap affiliates.
| Term | Daily Return | Duration (Days) |
|---|---|---|
| Short Term | Up to 0.1% | 60 |
| Medium Term | Up to 0.2% | 120 |
| Long Term | Up to 0.35% | 300 |
Stable Swap provides referral commissions on investments made by recruited affiliates up to three levels deep.
- Tier 1 (direct recruits): 5%
- Level 2: 2%
- Level 3: 1%
A 10% match is paid on daily returns to affiliates who are directly recruited.
Participating in the income opportunity with Stable Swap requires an investment in cryptocurrencies, namely tether (USDT) and USD Coin (USDC). However, becoming an affiliate is completely free.
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
Stable Swap Customer Service: Do They Handle Complaints Well?
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, customer support won’t resolve your issues and become increasingly unavailable.
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Stable Swap Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like Stable Swap tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust Stable Swap reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Stable Swap, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Stable Swap enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Stable Swap reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Stable Swap.
You should always look out for consumer complaints. In the case of Stable Swap, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Stable Swap? You can share your complaint in the comment section or submit an anonymous tip.
Is Stable Swap Legit Or a Scam?
Using new investments to fund ROI withdrawals presents Stable Swap as a Ponzi scheme. Given the lack of items aimed at retail customers, the MLM structure has some features of a pyramid scheme. Without any new investments, the scheme is doomed to fail, putting most participants at danger of losing their money.
Stable Swap is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Stable Swap can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Stable Swap?
All the evidence suggests that Stable Swap is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Frequently Asked Questions
Is Stable Swap a scam?
Can I withdraw money from Stable Swap?
Where is Stable Swap Located?
How do I get my money back from Stable Swap?
How The Stable Swap Online Scam Works
Intelligence Commissioner investigates & reviews online money-making opportunities. We strive to provide critically helpful information to our readers and assist them in identifying scams. 
