Bitfinex vs SimpleSwap

How Bitfinex vs SimpleSwap compare on our ratings, exchange specs, funding, pros and cons.

VS
Feature
Ratings
Our score3.4/54.1/5
User ratingNo reviews yetNo reviews yet
Fees4.53.0
Security & trust2.54.0
Asset selection4.05.0
Ease of use3.54.5
Support3.04.0
Specs
MarketsSpot, Futures, Margin, OTCSpot
Maker fee0%Not disclosed
Taker fee0%Not disclosed
Coins listed622,800
Fiat deposit methodsNot disclosedCard
KYC requiredNot disclosed No
Staking / earn YesNot disclosed
Mobile app Yes Yes
Licenses & registrationsRegulated in El Salvador, Registered in the British Virgin IslandsNot disclosed
Security featuresNot disclosedNon-custodial architecture, Direct wallet settlements
Futures & perpetuals Yes No
Copy tradingNot disclosed No
P2P market Yes No
Earn / savings products YesNot disclosed
Referral programNot disclosed Yes
Company
Founded20122018
HeadquartersBritish Virgin Islands—
InvestorsNot disclosedNot disclosed
Strengths and weaknesses
Pros
  • Recorded 0 trading fees for spot, margin and derivatives
  • Supports margin, derivatives, OTC and peer-to-peer funding markets
  • Offers API access for programmable trading
  • Available in 52 countries
  • 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 exposes users to exchange and withdrawal-freeze risk
  • 119,756 BTC were stolen in the August 2016 breach
  • A $75,000 CFTC fine followed in June 2016
  • Margin and derivatives can magnify trading losses
  • 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 forProfessional margin traders, Derivatives traders, OTC digital-asset tradingRegistration-free crypto-to-crypto swaps, Non-custodial cross-chain transfers, Trading rare altcoins without CEX balances

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.

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