BIT Crypto Exchange vs SimpleSwap

BIT Crypto Exchange3.4/5

VS

SimpleSwap4.1/5

Feature	BIT Crypto ExchangeVisit	SimpleSwapVisit
Ratings
Our score	3.4/5	4.1/5
User rating	No reviews yet	No reviews yet
Fees	4.0	3.0
Security & trust	2.5	4.0
Asset selection	4.5	5.0
Ease of use	3.5	4.5
Support	3.0	4.0
Specs
Markets	Spot, Futures, Options, Margin, OTC	Spot
Maker fee	0.1%	Not disclosed
Taker fee	0.1%	Not disclosed
Coins listed	Not disclosed	2,800
Fiat deposit methods	Not disclosed	Card
KYC required	Yes	No
Proof of reserves	No	Not disclosed
Staking / earn	Yes	Not disclosed
Mobile app	Yes	Yes
Licenses & registrations	Singapore MPI, Hong Kong TCSP, Hong Kong Money Lender, Switzerland SRO, UK AR, US MSB, BVI VASP	Not disclosed
Security features	Cold storage, Account-level isolation, Multi-sig protocols, Segregated custody	Non-custodial architecture, Direct wallet settlements
Futures & perpetuals	Yes	No
Copy trading	Not disclosed	No
P2P market	Not disclosed	No
Earn / savings products	Yes	Not disclosed
User protection fund	No	Not disclosed
Referral program	Not disclosed	Yes
Company
Founded	2019	2018
Headquarters	—	—
Investors	Not disclosed	Not disclosed
Strengths and weaknesses
Pros	Spot fees from 0.1% and futures maker fees starting at 0.03% Cross-asset trading across crypto, tokenized commodities, and US and HK stocks Regulated across seven jurisdictions, including Singapore, Switzerland, and the UK Pioneered dual-currency and multi-scenario structured yield instruments	No account registration required for standard crypto-to-crypto swaps Non-custodial model delivers converted assets directly to personal wallets Extensive catalog covering more than 2,800 cryptocurrencies Choice between fixed guaranteed rates and floating market rates
Cons	Centralized custody without public proof-of-reserves audits No user deposit insurance fund for crypto holdings Direct account funding relies on crypto and stablecoins rather than direct fiat deposits Equities and select structured products are restricted in Hong Kong and other jurisdictions	Built-in exchange spreads can exceed traditional spot order-book trading fees Transactions flagged by automated AML risk scoring trigger sudden KYC holds No order books, limit orders, futures, or margin trading Fiat purchases rely on third-party processors with separate fees and verification
Best for	Traders combining crypto and equities, Active crypto futures and options traders, Investors seeking tokenized real-world assets	Registration-free crypto-to-crypto swaps, Non-custodial cross-chain transfers, Trading rare altcoins without CEX balances

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