There’s a lot of confusion out there about iExchange. If you searched for it looking for a place to buy Bitcoin, trade altcoins, or move funds between wallets, you’re going to be disappointed. iExchange isn’t a crypto exchange at all. It’s a calculator app - and that’s it.
Let’s cut through the noise: if you’re trying to trade crypto, you need a platform that lets you place orders, track live prices, and securely store your assets. iExchange does none of that. Instead, it’s an iOS-only app called iExchange: Crypto Calculator, designed to help you convert one cryptocurrency to another, calculate profit or loss on a trade, or figure out how much your holdings are worth in USD or AUD. It’s like having a digital ruler for your crypto portfolio - useful, but not a toolbox.
What iExchange Actually Does
The app, available only on the iOS App Store, is built for one thing: calculations. It takes your crypto holdings - say, 0.35 BTC or 1,200 ETH - and shows you their current value in fiat currency (like Australian dollars or US dollars). It also lets you convert between different coins. Need to know how much SOL you’d get for your 500 ADA? The app does the math.
It’s not flashy. There are no charts. No order books. No buy/sell buttons. No wallet integration. You can’t deposit money. You can’t withdraw anything. You can’t even stake or earn interest. It doesn’t connect to any exchange. It doesn’t track your real portfolio. It just takes numbers you type in and gives you back a result.
Think of it like a currency converter app for crypto. You’d use it before you trade - to estimate what your position might be worth - but never during or after. It’s a helper tool, not a trading platform.
Why People Get Confused
The name “iExchange” is misleading. It sounds like it should be a crypto exchange - something like Binance, Kraken, or Coinbase. But it’s not. The developers chose a name that mimics real exchanges, which is why so many users end up here thinking they’ve found a place to trade.
Compare it to real exchanges. Platforms like Kraken or Bybit offer:
- Real-time trading with order books and liquidity
- Multiple order types: market, limit, stop-loss, trailing stop
- Fiat on-ramps (buy crypto with bank transfer or credit card)
- Two-factor authentication and cold storage for security
- API access for automated trading
- Staking, lending, and futures trading
iExchange has none of these. Not one.
It’s not that the app is bad - it just doesn’t promise what it doesn’t deliver. The problem is, most people don’t read the fine print. The App Store listing calls it a “cutting-edge app for seizing control of your financial destiny.” That’s marketing language. It sounds powerful. But power means nothing if you can’t actually move money.
Security? No Real Protection
Real exchanges protect your funds with multiple layers of security: two-factor authentication, withdrawal whitelists, encrypted data storage, and insurance against hacks. Many keep 95%+ of user funds in cold storage.
iExchange? There’s no account system. No login. No wallet. No funds are ever stored on the app. That means there’s no risk of it being hacked - because there’s nothing to steal. But it also means there’s no protection for your assets. If you’re looking for a safe place to hold crypto, this isn’t it. It’s a calculator. Period.
Who Is This App For?
It’s useful for one group: people who want to quickly estimate the value of their crypto holdings without logging into multiple exchanges.
For example:
- You have Bitcoin on Coinbase, Ethereum on Kraken, and Solana on Phantom. You don’t want to log into all three just to add up your total. You open iExchange, enter the amounts manually, and get a total in AUD.
- You’re thinking of swapping 200 DOGE for XRP and want to see what the current rate gives you before you go to a real exchange.
- You’re tracking your portfolio’s growth over time and need to calculate profit/loss manually.
If you’re doing any of that, it’s a decent tool. It’s simple, clean, and works offline. But if you’re trying to trade, invest, or store crypto - skip it.
What You Should Use Instead
If you’re in Australia and want to actually trade crypto, here are better options:
- Independent Reserve - Local Australian exchange, regulated, supports AUD deposits, strong security.
- Coinspot - Popular in Australia, easy to use, supports 200+ coins.
- Binance - Global giant, low fees, advanced trading tools.
- Kraken - Trusted, secure, great for beginners and pros.
These platforms let you buy, sell, trade, stake, and store. They have real customer support. They’re audited. They’ve been around for years. They handle real money.
iExchange? It handles numbers. That’s it.
Final Verdict: Tool, Not a Platform
Don’t let the name fool you. iExchange is not a crypto exchange. It’s a calculator. And while calculators are useful, they don’t replace trading platforms.
If you’re looking for a way to track your crypto value across wallets, this app might help. But if you want to buy Bitcoin, sell Ethereum, or earn interest on your holdings - look elsewhere.
The crypto world is full of tools that sound like exchanges. Always check what the app actually does before you waste time - or worse, send money to the wrong place.
Is iExchange a real crypto exchange?
No, iExchange is not a crypto exchange. It’s an iOS app called "iExchange: Crypto Calculator" that helps users convert between cryptocurrencies and fiat currencies. It doesn’t allow trading, deposits, withdrawals, or wallet storage.
Can I buy Bitcoin on iExchange?
No, you cannot buy Bitcoin or any other cryptocurrency on iExchange. The app has no trading functionality, no order books, and no fiat on-ramps. It only calculates values based on numbers you manually enter.
Is iExchange safe to use?
It’s safe in the sense that it doesn’t store your funds or require a login - so there’s nothing to hack. But it’s not a secure place to hold crypto because it doesn’t handle crypto at all. If you’re looking for safety, use a regulated exchange with cold storage and two-factor authentication.
Why does iExchange sound like a real exchange?
The name "iExchange" is intentionally similar to real exchanges like Binance or Kraken. This naming tactic confuses users into thinking it’s a trading platform. Always check the app’s description and features - not just the name - before assuming what it does.
Does iExchange work on Android?
No, iExchange is only available on the iOS App Store. There is no Android version. It’s also not available as a web app or desktop application. If you’re on Android, you’ll need to find an alternative calculator or use a full exchange app.
What’s the difference between iExchange and a real crypto calculator?
There’s no major difference. iExchange is one of many crypto calculator apps. Others include CoinMarketCap’s calculator, CoinGecko’s converter, and even built-in tools on exchanges like Binance. The key is: all of them only calculate - they don’t trade. iExchange just happens to be one with a misleading name.
Should I use iExchange to track my crypto portfolio?
You can, but it’s inefficient. You have to manually enter every holding. Real portfolio trackers like Delta, Blockfolio, or even CoinGecko automatically sync with your wallets and exchanges. iExchange requires constant manual updates - not ideal if you’re serious about tracking your investments.
