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Balance vs ShapeShift

How Balance vs ShapeShift compare on our ratings, wallet specs, funding, pros and cons.

Balance2.7/5
VS
ShapeShift4.2/5
Feature
BalanceVisit
ShapeShiftVisit
Ratings
Our score2.7/54.2/5
User ratingNo reviews yetNo reviews yet
Security2.54.0
Ease of use3.04.0
Chain support2.54.5
Features2.54.0
Privacy3.04.5
Specs
KYC requiredNot disclosed No
Wallet typeNot disclosedMobile, Web
CustodyNot disclosedSelf-custodial
ChainsNot disclosedEthereum, Bitcoin, Solana, BNB Chain, Arbitrum, Base, Polygon, Avalanche, Tron, Cosmos, Other
PlatformsNot disclosediOS, Android
Open sourceNot disclosed Yes
Hardware wallet supportNot disclosed Yes
In-app swapsNot disclosed Yes
StakingNot disclosed Yes
Buy crypto in appNot disclosed Yes
WalletConnectNot disclosed Yes
Swap feeNot disclosed0%
Company
Founded—2014
HeadquartersUnited StatesSwitzerland
InvestorsNot disclosedEarlybird Venture Capital, Access Venture Partners, Blockchain Capital, Lakestar +3
Strengths and weaknesses
Pros
  • The Balance prototype demonstrated sending Ether through Optimism
  • Public GitHub repository
  • Zero platform commission fees charged on decentralized trades
  • No identity verification or KYC required to swap or store funds
  • Covers more than 10,000 assets across 48 native blockchains
  • Direct hardware wallet connectivity for Ledger and Tangem devices
Cons
  • Permanent loss of funds if the recovery seed phrase is lost
  • Team size listed as 1 to 10 employees
  • Third-party routing protocols and automated market makers impose variable swap fees and spreads
  • Cross-chain execution risks depend entirely on third-party bridge and DEX contract security
  • Users bear total responsibility for managing unassisted seed-phrase recovery
  • Trustpilot average rating stood at 3.0 out of 5 in March 2026
Best forEthereum layer 2 users, Self-custodial asset holders, Users sending Ether through OptimismKYC-free cross-chain asset swaps, Multichain DeFi asset management, Hardware wallet integration users

Highlighted cells show the stronger value in each row. Data comes from each provider's site and public sources; check details before you sign up.