BloFin vs SimpleSwap

BloFin3.5/5

VS

SimpleSwap4.1/5

Feature	BloFinVisit	SimpleSwapVisit
Ratings
Our score	3.5/5	4.1/5
User rating	No reviews yet	No reviews yet
Fees	4.0	3.0
Security & trust	3.0	4.0
Asset selection	3.5	5.0
Ease of use	4.0	4.5
Support	3.0	4.0
Specs
Markets	Spot, Futures, Copy trading	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	Not disclosed	No
Accepts US customers	No	Not disclosed
Staking / earn	Yes	Not disclosed
Mobile app	Yes	Yes
Licenses & registrations	US FinCEN MSB, Cayman Islands CIMA	Not disclosed
Security features	Not disclosed	Non-custodial architecture, Direct wallet settlements
Futures & perpetuals	Yes	No
Copy trading	Yes	No
P2P market	Not disclosed	No
Earn / savings products	Yes	Not disclosed
Referral program	Yes	Yes
Company
Founded	—	2018
Headquarters	Cayman Islands	—
Investors	KuCoin, SIG Asia Investments, Matrix Partners China	Not disclosed
Strengths and weaknesses
Pros	Competitive base futures fees of 0.02% maker and 0.06% taker Independent multi-position mode allows up to 10 distinct positions per contract Backed by a $50 million Series B round involving KuCoin, SIG Asia Investments, and Matrix Partners China Dedicated demo trading APIs for automated algorithmic strategy testing	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 user deposits to platform counterparty risk Subject to jurisdiction limits and region-based access restrictions Withdrawal fees vary by asset and blockchain network	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	Cryptocurrency derivatives traders, API and algorithmic bot developers, Futures copy trading followers	Registration-free crypto-to-crypto swaps, Non-custodial cross-chain transfers, Trading rare altcoins without CEX balances

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