About SimpleSwap
SimpleSwap is a non-custodial cryptocurrency exchange aggregator focused on providing instant crypto-to-crypto and crypto-to-fiat swaps. Targeted towards retail users who seek ease-of-use and direct access, SimpleSwap eliminates the need for account registration; users can perform swaps by providing only a receiving wallet address. The platform aggregates rates from multiple partner exchanges to facilitate these swaps quickly and efficiently.
SimpleSwap supports the exchange of over 600 cryptocurrencies and tokens, offering a broad selection for users based in Europe, with specific attention to EUR (Euro) as a key fiat currency. The service allows users to purchase cryptocurrencies using Euro via credit or debit cards, and is accessible through both a web interface and dedicated mobile applications.
Unlike traditional exchanges, SimpleSwap does not hold customer funds, providing a layer of security against centralized exchange risks. Its business model is transparent, with fees included in the displayed exchange rate, and customer support is available 24/7 in several languages including European ones. The platform also offers an affiliate program and API access for developers seeking integrations.
Despite its streamlined approach, SimpleSwap may not meet the needs of users requiring advanced trading features or robust fiat withdrawal options. It is best suited for those wanting fast, straightforward crypto swaps or quick crypto purchases with minimal friction.
Pro's of using SimpleSwap
- No Registration Required: Fast, privacy-friendly swaps with no need to create an account.
- Wide Cryptocurrency Support: Offers over 600 crypto assets, suitable for diverse needs.
- Ease of Use: Simple, intuitive interface ideal for beginners and those wanting a minimal process.
- EUR Card Purchases: Supports buying crypto with Euros via credit or debit cards for European users.
- Non-Custodial Security: Users retain control of their funds, reducing exchange-related risks.
Con's of using SimpleSwap
- Higher Fees Than Major Exchanges: Prices can be less competitive, especially for large volumes.
- Limited Fiat Withdrawal: Mainly supports fiat-to-crypto, with few options for withdrawing Euros.
- No Advanced Trading Tools: Absence of order books, limit orders, margin trading, and similar features.
- KYC for Fiat Transactions: Identification is required for fiat purchases, reducing anonymity.
- Possible Slippage on Illiquid Assets: Fast swaps may result in less favorable rates for volatile or low-liquidity tokens.
What are alternatives for SimpleSwap
- Changelly (changelly.com): Similar non-custodial swap aggregator with broad crypto and fiat/EUR support.
- Swapzone (swapzone.io): Another crypto swap aggregator, supports instant exchanges and EUR purchases.
- Kraken (kraken.com): Fully featured, regulated exchange in Europe, supports EUR deposits/withdrawals and advanced trading.
- Bitstamp (bitstamp.net): Established European exchange with EUR banking integration and higher liquidity.
- Uniswap (uniswap.org): Decentralized Ethereum-based exchange for crypto-to-crypto swaps without an intermediary.
- Coinbase (coinbase.com): Regulated exchange with SEPA and card support for EUR, suitable for beginners and fiat transactions.
- CoinSwitch (coinswitch.co): Aggregator offering simple swaps and fiat-to-crypto services with a user-friendly interface.