SimpleSwap Review
Fixed and floating rates, non-custodial by default
of 10
SimpleSwap states it uses no classical percentage fee, instead offering a market-analysed rate, and provides both a 20-minute fixed rate and a floating rate. It requires no account, triggers KYC only on flagged transactions, and auto-refunds compliance holds.
No money changes hands. This is a non-commercial project: no advertising, no sponsored placements, and no affiliate or referral links. Links to the services below earn us nothing. Every overall score is the plain average of the criteria shown on the page, so you can check the arithmetic yourself — see our rating methodology and how the site is funded.
Fee
No classical percentage; margin in the rate
Fixed rate
Locked 20 minutes
Floating rate
Market rate at processing
Custody/KYC
Non-custodial; KYC only on flagged transactions
Coverage
2,800+ cryptocurrencies, 20+ providers
Scores
Each criterion carries equal weight. The overall score is the average of these 5 scores — (3.0 + 9.0 + 9.0 + 8.0 + 2.0) ÷ 5 = 6.2.
Pros
- Fixed rate locks for 20 minutes; floating rate uses the market rate at processing
- No account needed and no funds kept on the platform
- KYC only if a transaction is flagged as suspicious
- Compliance-triggered holds are automatically sent back to the refund address
- Aggregates 20+ CEX and DEX providers across 2,800+ cryptocurrencies
Cons
- No percentage fee is published — the margin is inside the offered rate
- The operating entity is not named on the pages read
- Broad aggregation means the effective rate depends on third-party providers
Custody and KYC, stated well
SimpleSwap states you do not need to create an account or keep funds on the platform, and that KYC only happens if its system or a partner's flags a transaction as suspicious. When a compliance check is triggered, the funds are automatically sent back to the refund address. That is a clear, user-favourable statement of exactly when identity checks apply and what happens to held funds — the strongest part of the entry.
Two rate options
A fixed-rate exchange locks the rate for 20 minutes; a floating rate uses the market rate available when the swap is processed. Both are documented.
The fee is not a number
SimpleSwap states plainly that it does not use a classical percentage, offering instead a rate based on market analysis. That is honest about the model but leaves the margin unquantified, which is why the fee score is low. The operating entity is not named either.
The company behind it
SimpleSwap discloses no company name at all: its terms give only a business address in George Town, Cayman Islands, with no named operating entity and no founders. For a non-custodial swap service, an address without an identifiable company is thin disclosure, and it is the main caveat to weigh against the service's convenience.
How it compares
LetsExchange
Non-custodial, but figures are undisclosed
Swapzone
Zero aggregator fee, undisclosed underlying spread
Godex
No-registration swaps, undisclosed spread
Changelly
A stated floating-rate fee, little else
ChangeNOW
Detailed refund rules, undisclosed spread
SideShift
Fixed and variable rates with a clear refund window
ChangeHero
The one exchanger that names its operator
FixedFloat
The rare exchanger that publishes its fee
Sources
Scored from published primary sources rather than hands-on use. Every figure above comes from one of the pages below, on the date shown. Manufacturers change prices and specifications without notice — if something here no longer matches the source, tell us and we will correct it.
- 1.SimpleSwap — FAQ (fees, rates, custody, refunds) — checked
- 2.SimpleSwap — terms of service — checked
Frequently asked questions
Does SimpleSwap charge a percentage fee?
No. SimpleSwap states it does not use a classical percentage, offering instead a rate based on market analysis, so the margin sits inside the quoted rate.
Does SimpleSwap require KYC?
Only if a transaction is flagged as suspicious. Otherwise no account is needed, and compliance holds are automatically refunded to the refund address.
Nothing here is financial advice. Editorial policy · How we score · How we're funded.