Looking for an exchange to ‘instantly’ swap your your coins and tokens?
SimpleSwap is a reputable non-custodial crypto exchange, offering quick swaps for a wide range of cryptocurrency pairs.
With no KYC required, you can easily take advantage of market opportunities without the hassle.
This post provides a detailed review of SimpleSwap, its features, and how to instantly swap your coins for your preferred choice.
Let’s get started!
What is SimpleSwap? An Overview
Founded in 2018 and headquartered in the Asia-Pacific, SimpleSwap is a top instant exchange.
As a non-custodial platform, it puts the power back in your hands, enabling you to trade seamlessly using your own wallet without ever surrendering control of your fund.
Custodial exchanges like Binance, Bybit, Kucoin, and Gate.io maintain full control over users’ funds.
While this model is common for centralized exchanges, it comes with significant risks, as potential hacks or security breaches can lead to devastating losses, as seen with the collapse of FTX and WazirX.
SimpleSwap is a world-class platform, offering a simple way to buy and sell crypto, either with fiat or crypto.
With more than 500 coin support, the exchange is ideal for traders looking for a user-friendly exchange to instantly trade tokens with no KYC.
SimpleSwap is compared with its alternative in a later part of this post. Continue reading!
SimpleSwap Features
The exchange is designed to cater to users of all types, both beginners and experts. Here are some of the features:
- Simple and intuitive user interface
- Large number of coin supports (over 500)
- 24/7 customer support available
- Web platform, Android, and iOS mobile app
- Attractive loyalty program for users and affiliates
- Buy crypto with a credit/debit card
- Instant coin swaps across multiple chains
- Secure and decentralized trading
- Supports 10 languages.
- Low fee
- No KYC required
How SimpleSwap Works | Services
SimpleSwap operates as an aggregator, scanning multiple crypto exchanges to find and present users with the best rate for their coin swaps.
This is similar to the trading experience on platforms like Uniswap or Jupiter.
However, the key difference is that SimpleSwap operates as a CeFi platform and doesn’t only utilise liquidity pools like those DeFi platforms.
With just a click of a button, traders can choose from a diverse range of trading pairs and get automatically connected for the most efficient swap.
SimpleSwap services include:
– Swap coins
Simpleswap offers both crypto on-ramp and off-ramp services.
To swap coins, traders simply select their preferred trading pair and fill out the necessary details, such as the amount and the receiving address.
Once they hit the ‘swap’ button and send the specified token to the displayed deposit address, their transaction is completed within minutes.
– Loyalty
SimpleSwap users automatically become Loyalty Program participants once they sign up.
The loyalty program ensures that each user receives a cashback on every transaction made.
The potential cashback a user can earn increases based on their 90-day trading volume and levels, as shown in the table below.
– Pay outs
SimpleSwap doesn’t provide a crypto wallet.
However, the ‘Payout’ feature allows users and affiliates to easily withdraw their cashback and earnings.
The ‘Address Book’ for storing crypto wallet addresses from previous transactions and the ‘Dashboard’ for tracking crypto portfolios are also part of the services offered.
One of SimpleSwap’s most impressive features as an instant exchange is its extensive range of supported coins and trading pairs.
Check out the next section for more details!
Supported Currencies | Countries Supported | Payment Methods
Supported Currencies
– Cryptocurrencies
SimpleSwap spoils its users with an abundance of coin support.
With over 500 supported coins, it offers an extensive array of options to meet every trading needs.
The most popular ones include:
- BTC, ETH, BNB, SOL, LTC, BCH, TRX, USDT, USDC, AVAX, TON
- MATIC, NOT, ZK, ZERO, STG, XMR, XIO, GHST, ARB, OP, AKRO
- DOGE, BUNK, FLOKI, PEOPLE, ACA, ACS,1INCH, APT, AIDOGE
- ARKM, FET, AVAIL, BABYDOGE, BAT, BIT, BLAST, BLUR, BOB
- BOME, PEPE, ADA, UNI, WIF, JUP, WEN, W, ATH, AAVE, AEVO
- ALT, AI, TIA, BB, IDEX, QUICK, DATA, FLUX, SLF, PENDLE, CHR
SimpleSwap supports the instant trading of virtually all cryptos, including the recently listed DOGs.
Traders can easily find their swap options by searching in the search bar.
– Fiats
- USD
- EUR
- GBP
While USD and EUR are used for both buying and selling on the exchange, GBP is only supported for the buy option.
For example, you can purchase BTC with USD, GBP, or EUR. However, when selling BTC, only EUR and USD are accepted.
Additionally, crypto can only be bought or sold for fiat for specified trading pairs.
Countries Supported
SimpleSwap is a global exchange that supports fiat-to-crypto transactions worldwide, except in the following FATF-listed countries:
- Bangladesh, Bolivia, Burundi, Central African Republic, China
- Cuba, the Democratic Republic of the Congo, Ecuador, Iran, Iraq
- Lebanon, Libya, Mali, Morocco, Nepal, Nicaragua, North Korea
- Saudi Arabia, Somalia, Sudan and Darfur, South Sudan, Syria
- Venezuela, Yemen, Zimbabwe, Colombia, Kyrgyzstan, Pakistan, Vietnam
Payment Methods
- Credit card
- debit card
- Apple Pay
- Google Pay
- Bank transfer
- Cryptos
How to Buy/Sell or Instantly Swap Crypto with SimpleSwap
You can instantly swap nearly all cryptocurrency for crypto or fiat with Simpleswap.
Here’s a step-by-step guide on how to do it:
1. First, you need to sign up with this link.
2. Once logged in, click on ‘Currencies’ and select any option.
3. The swap interface will display.
Choose your preferred option:
- swap crypto for crypto via the ‘Exchange’ menu or
- swap crypto for fiat through the ‘Buy/Sell’ menu.
Once selected, use the ‘search bar’ to find the crypto you want to swap, enter the amount, and click on the ‘Exchange’ button.
Note that while you can buy most crypto for crypto, you can only do so with fiat for few specific coins.
4. Complete the request: choose between a ‘float or ‘fixed’ rate, enter the recipient wallet address, and click the ‘Create Exchange’ button.
- A float rate means the amount you receive can vary with market volatility
- With the fixed rate, you receive the amount specified at the initiation of the transaction
Note that the fixed rate isn’t available for all coin swaps.
5. An Exchange ID will be created. Proceed with the payment by depositing the specified crypto to the displayed wallet or making a fiat payment as instructed.
After the payment is made, your asset will be credited to the recipient wallet within a few minutes.
Considering using SimpleSwap? Hit the button below!
Customer Support | Public Opinion
The exchange provides a detailed FAQ section that answers most questions that users may have.
Additionally, a 24/7 live chat is available, accessible via the message icon at the bottom of the exchange interface.
Responses are prompt, so you can be confident that your issues will be resolved quickly.
You can also reach out to the exchange through its social media channels, including:
- Twitter – @SimpleSwap_io
- Discord – https://discord.com/invite/3D3JwTnsk5
- Facebook – https://web.facebook.com/SimpleSwap.io
Or via their Email – support@simpleswap.io
Again, the exchange boasts a star rating of 4.3 and numerous positive responses from over 2,000 reviews on Trustpilot.
This impressive review suggests that a large number of users are satisfied with the exchange.
SimpleSwap vs Changelly vs Shapeshift
ShapeShift and Changelly, two popular instant cryptocurrency exchange platforms, stand out as strong opponent to SimpleSwap.
Let’s compare them in the following table.
| Parameters | Shapeshift | Changelly | SimpleSwap |
| Year Founded | 2014 | 2015 | 2018 |
| Extensive Coin Support | ✓ | ✓ | ✓ |
| Trading Pairs | Limited pairs for off-ramp transactions | Over 500 trading pairs | Wide range of trading pairs |
| Services Supported | Coin swaps | – Coin swaps via exchanges – Defi Swaps – Changelly Pro | Operates as Dapp (Bridge, swap, earn) Crypt off-ramp |
| Fiats | 3 (GBP, EUR, USD) | USD, EUR, AUD, GBP, NGN, GHS, CAD, and 70+ | – 60+ including, USD, EUR, GBP, AUD, ALL, INR, etc. |
| ID Verification | None | None | None |
| UI | User-friendly | Intuitive | Intuitive |
| Fees | Based on market condition | 0.25% (floating rate) | 0% ( coin swaps) under 2% (crypto off-ramp) |
Although, the three exchanges are ideal and highly competitive for instant coin swap, SimpleSwap is a great option for traders who prioritize user-friendliness.
FAQs
The exchange has operated securely for over 5 years. Moreover, it keeps users in full control of their funds.
There are no specific minimum or maximum limits on any coin, as long as the amount transacted covers the fees.
However, if an insufficient amount is entered, the system will automatically display the minimum tradeable amount.
SimpleSwap doesn’t charge a standard percentage-based fee.
Instead, fees are determined by market analysis and displayed for each transaction, covering both network and trading costs.
The Exchange ID contains all the information about a swap on the exchanges.
It is also used to track a transaction if any issues arise.
Conclusion
SimpleSwap should be on your radar if you are looking for a user-friendly instant exchange to quickly swap tokens.
Moreover, the exchange’s cashback program makes it attractive for users looking to earn from their transactions.
The only disadvantage is that its support for just three fiat currencies limits its accessibility to users of other local currencies.
Nonetheless, is a great option for swapping nearly all tokens without surrendering full control of your asset.
Leave us a comment below: What’s your thoughts on SimpleSwap?
Has this review compelled you to sign up with the exchange?
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