Simpleswap Review 2022: Legit Or Scam? | Pros & Cons | Must Read

SimpleSwap is an instant Crypto trading platform that allows users to buy or sell 500+ crypto and fiat currencies without signing up. Founded in 2018, the platform aims to make the crypto exchange process quick, simple and safe. We’ll take you through a detailed SimpleSwap review for an in-depth look at the platform.

The user-friendly interface of Simple Swap allows users to instantly buy and sell crypto and fiat currencies from the comfort of their homes. The exchange was launched with the main idea of simplifying the crypto trading & exchange process and making it accessible for every trader. Overall, the platform claims to offer the best-in-class services.

Through this Simpleswap review, we will discover to what extent these claims are true. In today’s review of Simpleswap, let’s look closely at the exchange’s crypto token offerings, security, coverage, digital asset support, transaction fees, deposits, and withdrawals.

SimpleSwap At Glance: Quick Overview

Official Website	www.simpleswap.io
Establishment Year	2018
Headquarters	Ajeltake, Marshall Islands
Available Cryptocurrency	500+ including Bitcoin, Litecoin, Dogecoin
Crypto Trading Pairs	Available
Native Token	SWAP coin
Supported Countries	Available in Most Countries, except the US
Minimum Deposit	N/A
Simpleswap Deposit Fees	Free
Supported Fiat Currencies	USD, EURO, GBP, & More
Transaction Fees	Vary depending on currency and payment methods
SimpleSwap Withdrawal Fees	Free
Mobile Application	Available
Customer Support	Live Chat, Email and Social Networks

What Is Simpleswap? Introduction

SimpleSwap is an instant crypto trading platform that allows users to trade their cryptocurrencies or buy new crypto assets through numerous crypto exchanges. In addition, Simple Swap supports over 500 coins, including its native token – Simpleswap coin.

The best part about the platform is that it doesn’t require the users to register or sign up. Instead, it allows them to make a transaction on its website or through a simple swap app.

The platform makes instant trading possible across all the supported Crypto exchanges. In addition, the platform supports both floating and fixed rates for trading crypto assets.

The company has also started an affiliate and a loyalty program to entice new users to be a part of the platform’s growth. The program lets users earn cashback in BTC.

It also offers the best crypto wallet – SimpleHold wallet, based on AES encryption, which can be used as a browser plugin.

Is SimpleSwap IO Legit?

Yes, Simple Swap is a legit crypto exchange platform that abides by the local laws and regulations of the regions where it operates. The platform has a presence in all most countries worldwide.

As SimpleSwap is not a decentralized platform, and thus, the developing team itself oversees the regulations. After using the platform for more than 3 months, SimpleSwap seems to be the legit and safe crypto trading platform.

The aim of this Simpleswap review is to test the platform in terms of security, regulation and services. So, we analyzed the platform’s reputation on various review websites. Simpleswap has a good user base, with the majority of clients being happy with the services. Let’s check out:

SimpleSwap Reviews – Trustpilot (Trustscore: 4.7)

Simple Swap Reviews – Google Play Store

How Do I Use SimpleSwap?

SimpleSwap is a platform that connects users to a number of top cryptocurrency exchanges where they can buy or sell cryptocurrencies. With 500+ Crypto coins available for investors and traders, the platform provides plenty of trading options to users.

The platform is quite intuitive and easy to understand, even for novices. Here’s how you can use SimpleSwap:

Simply choose the crypto coin you wish to swap and choose another crypto coin.
Now, enter the values & wallet address to complete the transaction.
When the swap process is over, you will get the desired crypto.

(The transaction charges are included in the exchange crypto price. However, the platform does not have transaction or trading fee information).

Is SimpleSwap Safe?

Yes, SimSwap is a safe crypto exchange as it aims to offer the safest trading environment to crypto traders in the decentralized finance industry. The wallet also comes with a high-security rating with its AES encryption method.

The platform doesn’t store any assets, so it is basically safe from any cyber-attacks. However, while considering the platform’s security, users should consider every factor, such as the exchange, the protocols, and the wallet.

SimpleSwap Review: Top Features

The platform offers a long list of features and benefits to its users. Here’s the list of features through which you can get the best user experience on SimpleSwap:–

Simple Swap enables instant trades through crypto exchanges, and the funds are typically deposited instantly.
Apart from the instant exchange service, the company also offers a light crypto wallet that works well with the platform.
The SimpleHold wallet supports an extensive range of crypto assets.
Simple swap offers a 24/7 live chat feature through which users can connect to the support team.
Price alert notifications can also be set up on the platform through the mobile app and order history.
The benefit of using the platform without sign-up is yet another feature.

SimpleSwap Integration To Other Platforms:

As an instant crypto exchange, the platform is integrated into some prominent crypto exchanges. The SimpleSwap app searches for the most profitable exchange rates for its users in a short time through its partner network.

Simpleswap exchange partners include

Binance
HitBTC
Huobi
Kraken
BitFinex
OKEX
KuCoin
STEX

SimpleSwap Review: Pros And Cons

In this section of the SimpleSwap review, let’s take a closer look at the SimpleSwap advantages and disadvantages to understand whether it is a good fit for you or not.

Pros	Cons
Support 500+ Crypto coins	Lacks Advanced Trading Bots, and Social Trading Options
User-friendly Interface	Doesn’t function like a simple exchange platform
Incentive-based loyalty and affiliate programs
Offer Own Crypto token – Simple swap coin

Is SimpleSwap Free?

No, SimpleSwap is not free; instead, it charges a network fee for all the trades that take place on the platform. As the fee structure is not aptly stated, the crypto prices are believed to include the fee in them beforehand.

Although the transaction fee is a part of the exchange rate, users can choose between a floating rate or a fixed one. Additionally, the platform doesn’t charge any withdrawal fee as it never stores any cryptocurrency assets.

SimpleSwap Loyalty Program & Bonus

In this section of the SimpleSwap review, let’s find out details of the ongoing loyalty program and Simpleswap bonuses & offers.

SimpleSwap Loyalty Program

After creating an account on SimpleSwap, the users will automatically join the loyalty program. For every successful crypto exchange, users will receive a reward in SWAP coins. By collecting SWAP, users can upgrade their cashback subscription to receive BTC.

SimpleSwap Bonus

The platform is offering 1000 SWAP to all registered users. No promo code to apply. Any registered user can claim the reward.

What Payment Methods Does Simpleswap.io Platform Support?

Investors who are looking to buy crypto assets can do so with the help of the Simple swap.io platform. The platform allows investors to seamlessly buy or sell the crypto. For this, it primarily supports two types of payment modes:

Credit Card (VISA & MASTERCARD)
Fiat Currencies, such as USD, GBP, EURO, etc.

How To Open A SimpleSwap Account?

The best part of using the Simple swap platform is that it allows traders to trade on the platform without needing to sign up or register. Simply visit the official website – www.simpleswap.io, and start trading. The feature sets this platform apart from other exchanges.

Users can directly buy, sell, or swap digital currencies without completing the KYC or verification process. However, users must complete the verification process in case of wrong transfers.

Despite being a sign-up-free platform, Simpleswap allows users to create an account. Here’s how you can create an account on SimpleSwap:

Visit the official website and click on the ‘Get the Account’ icon.
Now, fill in your email and password and complete the verification process.
Alternatively, you can log in through Google and Facebook accounts. However, the verification process must be completed successfully to enjoy additional services.

How To Buy and Sell Cryptocurrency On Simpleswap?

The entire process of buying and selling cryptocurrency on Simple swap is quite intuitive. Here’s how you can buy or sell crypto on Simpleswap:

To buy or sell Crypto on the platform, visit the official website or download the Simple Swap app.
Now, choose the trading pairs based on the 500+ cryptocurrencies available on the platform.
Enter the amount and recipient’s wallet address, and confirm the transaction.

Read WazirX Review 2022: Pros and Cons Revealed

SimpleSwap Review: User-Interface

Before deciding on an exchange, look at the trading view to determine whether it suits you the best. In our opinion, the buy interface at SimpleSwap io is relatively easy to understand, even if you’re a novice crypto investor. However, it fails to offer all the advanced buy/sell features to more seasoned traders.

The common thing that every trading view shares are that they all show the order book or at least part of the order book, a price chart of the cryptocurrency, and order history.

Does SimpleSwap Have An App?

Yes, SimpleSwap offers an advanced and intuitive mobile application. However, most crypto traders think desktop versions provide them with the best trading conditions. Due to bigger screens, traders can view more crucial information.

The trading chart is also easiest to read on simpleswap.io. However, not all crypto investors require web-based versions for their trading. Instead, some investors prefer to do trading via their mobile phones.

SimpleSwap app allows traders to enjoy similar services as the desktop version. You can download the Simple swap app on both the App Store and Google Play.

Is SimpleSwap A Wallet?

No, SimpleSwap is not a wallet, but a crypto exchange that offers wallet services, namely SimpleHold Wallet. The service allows platform users to store 200+ crypto coins and NFTs. Using the wallet, you can send, receive or transfer cryptos instantly.

Here are some features of SimpleSwap Wallet:

Secure AES-encrypted backups
Transparent
Private
Light

SimpleSwap Review: Supported Countries & Currencies

The platform serves various continents and several countries. The primary focus of the company is on Europe and Asia. However, the platform is exempted in the United States (US).

Additionally, the available fiat currencies on the platform include US Dollars (USD), British Pound Sterling (GBP), EURO (EUR), etc. The complete list of Crypto trading pairs is available on the company site.

Read 8 Best Crypto Trading Platform UK

How Does Simpleswap Differ From Other Cryptocurrency Exchanges?

The platform has two broad features that set it apart from most other platforms. First, as a trading system, the platform is integrated with some of the most prominent and influential crypto exchanges worldwide.

This makes the platform offer a genuinely unparalleled crypto offering, with more than 500 coins to choose from. Secondly, the system provides an instant trading option without any complications, limits, or time-consuming registrations.

Traders can instantly trade or exchange cryptocurrency through a streamlined user interface via a website or Simpleswap app (available for iOS and Android devices).

Last but not least, the Simpleswap loyalty program & affiliate program are one-of-a-kind and best suited for novice and seasoned traders.

SimpleSwap Review: Customer Service

SimpleSwap io has an excellent reputation among its users and partners around the world. Additionally, the platform provides exceptional customer support and reliable service through the live chat option.

Moreover, it also allows users to connect to the support team through Twitter, Telegram, email etc. In our opinion, the support staff & the tech team is highly responsive and answer accurately to users’ queries.

When we tried calling customer support, the support team responded swiftly, and we had a great customer service experience. Simple swap users can also check out FAQ Section if they have any additional questions.

Users can contact SimpleSwap customer support via:

Email: [email protected]
FAQs Section
Live Chat
Social Networks

Conclusion

After analyzing this detailed Simpleswap review, we came to the conclusion that this instant crypto trading platform provides a highly simple-to-use interface.

It provides a medium for crypto traders to start trading immediately without needing to go through any verification or registration process.

The platform is one of our top recommendations for those who want to instantly trade a wide range of cryptos without needing liquidity pools. The long list of features and benefits makes it a more convenient and transparent platform.

However, the only drawback is that it is not a fully-functional crypto exchange, so if you’re looking for a reliable crypto trading platform with plenty of features, you can head to InvestBy. Open an account with InvestBy to make your Crypto trading experience more enhanced.

FAQs

What Is SWAP?

SimpleSwap Coin (SWAP) is a native crypto token of Simpleswap exchange. It also serves as an internal currency for the platform’s Loyalty Program. The holders of SWAP can get benefits such as unique branded items for crypto fans, BTC cashback subscription, and participation in contests & promo activities.

What Is Simpleswap?

SimpleSwap is an instant crypto trading platform that allows users to trade their cryptocurrencies or buy new crypto assets through numerous crypto exchanges. In addition, Simple Swap supports over 500 coins, including its native token – SimpleSwap coin.

The best part about the platform is that it doesn’t require the users to register or sign up. Instead, it allows them to make a transaction on its website or through a simple swap app.

Is Simpleswap.IO Real?

Yes, Simpleswap io is a real crypto trading platform allowing traders to instantly place cryptocurrency trades. In addition, Simple Swap supports over 500 coins, including its native token – SimpleSwap coin. You can read our SimpleSwap review for more details.

Can US Citizens Use Simpleswap?

No, the services are not available in the US. However, the company is working on making the services accessible for US residents

Can You Buy Crypto on Simpleswap.io?

Yes, it is possible to buy and sell crypto on the platform. Traders can trade a great selection of popular crypto tokens available in the cryptocurrency market. The platform offers a positive experience.

What Is Simpleswap IO?

Simple swap.io is an instant crypto trading platform that allows customers to swap Cryptos in the most convenient way possible. For more details, you can check out Simpleswap reviews from its existing users. The app has received a majority of positive feedback.

Is Tfuel On SimpleSwap?

Yes, Theta Fuel (Tfuel) Crypto coin is available on the platform. To buy Tfuel on SimpleSwap, follow these steps:

Simply choose Tfuel and choose another crypto coin.
Now, enter the values & wallet address to complete the transaction. When the swap process is over, you will get Tfuel.

How Long Does It Take For Simple swap?

Coin exchange on the platform usually takes 5 minutes to 1 hour. You can read our SimpleSwap review for more details.

Do Simpleswap Offer Mobile Trading?

Yes, the system offers an intuitive mobile application – A simple swap app. It allows traders to enjoy similar services as the desktop version. You can download the Simple swap app on both the App Store and Google Play.

Is It Possible To Get A Full Refund?

Before investing in cryptocurrencies, ensure you fully understand the market conditions, as you will not be refunded if you place a bad trade. However, you will be refunded if your money gets struck at the payout stage.

How To Join The SimpleSwap Loyalty Program?

To join SimpleSwap loyalty program, you should create a Customer Account and activate the Loyalty Program in the “Subscription” tab.

After that, you will get cashback in SWAP for every crypto exchange. By collecting SWAP, users can upgrade their cashback subscription to receive BTC.

Can Simple Swap Be Trusted?

Yes, Simple Swap can be trusted as that abides by the local laws and regulations of the regions where it operates. The platform has a presence in all most countries worldwide.

As SimpleSwap is not a decentralized platform, and thus, the developing team itself oversees the regulations. After using the platform for more than 3 months, SimpleSwap seems to be the legit and safe crypto trading platform.

Is SimpleSwap A KYC?

SimpleSwap doesn’t follow any AML/KYC policy. Customers are free from submitting any of their private data by default.

Is Simpleswap A Good Company?

Yes, it is a good company as it allows customers to swap Cryptos in the most convenient way possible. In addition, Simple Swap supports over 500 coins, including its native token – the SimpleSwap coin. You can read our SimpleSwap review for more details.

How Do I Contact Simpleswap Support?