Crypto Exchange Risk Assessment Tool
How secure is your exchange?
Answer these questions based on your exchange's transparency and security practices. This tool uses criteria from the Joyso exchange review to calculate your risk score.
If you’ve heard about Joyso as the "world’s first hybrid decentralized exchange," you’re not alone. But here’s the problem: there’s almost no real-world data to back it up. Joyso claims to blend the speed of centralized exchanges with the security of decentralized ones, but when you dig deeper, the details vanish. No verified trading volume. No public audit reports. No user reviews on Trustpilot or Reddit. Just a website and a whitepaper that sounds impressive - until you realize it’s missing the one thing every crypto exchange needs: proof.
What Is Joyso, Really?
Joyso positions itself as a hybrid exchange, meaning it doesn’t fully control your funds like Binance or Coinbase, but it also doesn’t force you to manually approve every trade like Uniswap. Instead, it says it uses smart contracts on Ethereum to handle trades automatically. That sounds great in theory. You keep your keys. Trades happen on-chain. No middleman stealing your assets. But here’s the catch: Joyso only supports one trading pair - JOY/ETH. That’s it. No BTC, no SOL, no USDT, no altcoins beyond its own token. If you’re looking to trade anything else, you’ll need to go elsewhere. Most users don’t want to trade one token. They want options. Joyso doesn’t offer them. The JOY token is an ERC20 token built on Ethereum. That means every trade you make on Joyso costs gas fees in ETH. If Ethereum is congested, your trade could take minutes - not seconds. And if you’re new to crypto, you might not even know what gas fees are. Joyso doesn’t explain this clearly on its site. It assumes you already know how to use MetaMask or Trust Wallet. For beginners, that’s a barrier.Security Claims vs. Reality
Joyso says it’s secure. But what does that mean? It doesn’t publish its security practices. No details on cold storage. No mention of insurance funds. No proof of third-party audits. Compare that to Binance, which discloses its SAFU fund and regularly publishes proof-of-reserves. Or Kraken, which is audited by top firms like Grant Thornton. Joyso doesn’t even name its security team. Industry standards say a trustworthy exchange should have:- Multi-factor authentication (MFA) - Joyso doesn’t confirm if it’s enabled
- Cold storage for 95%+ of assets - no numbers given
- Regular security audits - none published
- Withdrawal whitelists - no mention
- Anti-phishing codes - not referenced
No User Data. No Reviews. No Track Record.
This is the biggest red flag. Joyso launched sometime in the early 2020s - but no one knows exactly when. There are no user reviews on Trustpilot. No active discussions on Reddit’s r/CryptoCurrency. No YouTube tutorials explaining how to use it. No Medium posts from early adopters sharing their experience. In 2025, if a platform has zero public feedback, it’s either brand new - or it’s abandoned. Joyso’s website looks polished, but polished websites can be built in a weekend. Real platforms grow slowly. They earn trust through transparency. Joyso doesn’t show any of that. Compare this to Uniswap. It launched in 2018. By 2023, it had over $44 billion in monthly trading volume. People talked about it. Critics poked holes in it. Developers improved it. Joyso has none of that history.
Fees? Liquidity? Support? Unknown.
Most exchanges charge 0.1% to 0.5% per trade. Joyso doesn’t say. Is it lower? Higher? Hidden fees? No info. Liquidity is critical. If you want to sell 10,000 JOY tokens, can you? Or will your order drag the price down because there’s no one buying? Joyso’s trading volume is undisclosed. Without volume, you’re trading in a ghost market. Customer support? No email address listed. No live chat. No Twitter account with active responses. If something goes wrong - your funds get stuck, your transaction fails - who do you call? No one.Who’s Behind Joyso?
Every major exchange has a known team. Binance has Changpeng Zhao. Coinbase has Brian Armstrong. Even lesser-known platforms list their founders with LinkedIn profiles and past experience. Joyso? Nothing. No team page. No bios. No press releases. No interviews. That’s not just unusual - it’s risky. In crypto, anonymity isn’t privacy. It’s a warning sign.Is Joyso a Scam?
Not necessarily. But it’s definitely unproven. There’s no evidence Joyso has stolen funds. No reports of hacks. No lawsuits. But there’s also no evidence it’s trustworthy. Think of it like a restaurant with no menu, no reviews, no chef name, and no health inspection records. The building looks nice. The lights are on. But you don’t know what you’re eating - or if it’s safe. Joyso might be legitimate. But without transparency, it’s impossible to say.
Who Should Use Joyso?
Only one kind of person should consider Joyso: someone who already holds JOY tokens and wants to trade them for ETH - and doesn’t mind the risk. If you’re trying to build a diversified crypto portfolio? Joyso won’t help. If you want to trade BTC, SOL, or stablecoins? Forget it. If you need customer support? Don’t count on it. If you care about security? You need more than a website claim.What Are the Alternatives?
If you want a hybrid exchange with real traction, try:- OKX - Offers both centralized and decentralized trading under one roof, with high liquidity and clear security practices
- Gate.io - Supports thousands of tokens, has a strong track record, and publishes regular audits
- Uniswap - Fully decentralized, transparent, open-source, and used by millions
- Bitget - Combines easy UI with strong security, and supports fiat on-ramps
The Bottom Line
Joyso sounds like a smart idea on paper. Hybrid exchanges could be the future. But right now, Joyso is a concept without substance. It’s a website with a whitepaper and a token - not a functioning exchange. If you’re looking to trade crypto in 2025, don’t gamble on a platform that won’t tell you its name, its team, its fees, its volume, or its security measures. There are dozens of alternatives that do. Why risk your funds on silence? Until Joyso publishes real data - real audits, real user numbers, real support channels - treat it like a prototype. Not a platform.Is Joyso a legitimate crypto exchange?
Joyso claims to be a legitimate hybrid decentralized exchange, but there is no verifiable evidence to support this. It lacks public audits, user reviews, trading volume data, team information, and security disclosures - all standard for any reputable exchange. Without these, it cannot be considered legitimate by industry standards.
Can I trade Bitcoin on Joyso?
No. Joyso only supports one trading pair: JOY/ETH. You cannot trade Bitcoin, Ethereum (except for swapping to JOY), or any other cryptocurrency on the platform. This severely limits its usefulness for most traders.
Does Joyso have a mobile app?
There is no official mobile app for Joyso. The platform appears to be web-only, which means you must use a browser and connect your wallet manually. This adds friction and increases the risk of phishing if you’re not careful.
Are my funds safe on Joyso?
Joyso claims to use non-custodial smart contracts, meaning you control your keys. But without proof of security audits, cold storage, or insurance funds, there’s no way to confirm your funds are protected. If the smart contract has a bug or is exploited, you could lose everything - and there’s no support team to help you recover.
Why doesn’t Joyso have any user reviews?
The absence of reviews suggests either very low user adoption or a lack of trust. Established exchanges have thousands of reviews on Trustpilot, Reddit, and crypto forums. Joyso has none. This is a major red flag - real platforms grow through user feedback, not just marketing claims.
Should I invest in the JOY token?
Investing in JOY is extremely high risk. The token’s only use case is trading on Joyso - which has no proven liquidity or user base. If Joyso fails or disappears, JOY becomes worthless. There’s no utility beyond speculation. Treat it like a lottery ticket, not an investment.