Brighty App vs SimpleSwap: Neobank IBANs vs Non-Custodial Swaps
Brighty App is a European hybrid digital bank and custodial crypto platform, while SimpleSwap is a non-custodial swap aggregator launched in 2018. Customers on Brighty App receive personal named IBAN accounts in EUR, GBP, and USD alongside Mastercard debit cards and Fireblocks custody. SimpleSwap executes wallet-to-wallet trades across more than 2,800 digital assets without requiring users to create an account or deposit balances.
Custody and account structures form the fundamental distinction between both services. Brighty App is a regulated financial service requiring mandatory identity verification, offering SEPA transfers and Aave yield vaults. In contrast, SimpleSwap requires no registration for standard crypto-to-crypto exchanges. The platform routes transactions directly between private external wallets by aggregating liquidity across more than 20 exchange partners, eliminating custodial holding periods entirely.
Quick verdict
The core difference centers on everyday banking utility versus permissionless asset variety. Brighty App integrates fiat payment rails, debit card spending, and custodial storage, while SimpleSwap provides direct wallet-to-wallet swaps across thousands of tokens without user accounts.
Choose Brighty App if you reside in Europe or the United Kingdom, want personal named IBANs to deposit fiat via SEPA or Faster Payments, and plan to spend digital assets through a physical or virtual Mastercard. It also fits users seeking passive stablecoin yields deployed through Aave.
Choose SimpleSwap if you hold your own private keys and want to swap assets without mandatory identity verification or account registration. It is also the better option for traders who need access to rare altcoins across 2,800 supported cryptocurrencies, or those who prefer avoiding centralized custody.
| Feature | ||
|---|---|---|
| Ratings | ||
| Our score | 4.0/5 | 4.1/5 |
| User rating | No reviews yet | No reviews yet |
| Fees | 4.0 | 3.0 |
| Security & trust | 4.5 | 4.0 |
| Asset selection | 3.0 | 5.0 |
| Ease of use | 4.5 | 4.5 |
| Support | 3.5 | 4.0 |
| Specs | ||
| Markets | Spot | Spot |
| Coins listed | Not disclosed | 2,800 |
| Fiat deposit methods | Bank transfer, SEPA, Faster Payments | Card |
| KYC required | Yes | No |
| Accepts US customers | No | Not disclosed |
| Proof of reserves | Yes | Not disclosed |
| Staking / earn | Yes | Not disclosed |
| Mobile app | Yes | Yes |
| Licenses & registrations | VQF SRO (Switzerland), RDWW-1690 (Poland) | Not disclosed |
| Security features | Fireblocks custody, Proof of reserves, Multi-factor authentication, Segregated funds | Non-custodial architecture, Direct wallet settlements |
| Futures & perpetuals | No | No |
| Copy trading | No | No |
| P2P market | No | No |
| Earn / savings products | Yes | Not disclosed |
| User protection fund | Yes | Not disclosed |
| Referral program | Not disclosed | Yes |
| Company | ||
| Founded | — | 2018 |
| Headquarters | Switzerland | — |
| Investors | Futurecraft Ventures | Not disclosed |
| Strengths and weaknesses | ||
| Pros |
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| Cons |
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| Best for | European crypto spenders, Stablecoin yield earners, Users needing named European IBANs | Registration-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.
FAQ
Do Brighty App and SimpleSwap require identity verification?
Brighty App requires mandatory identity verification before opening an account or accessing its IBANs. SimpleSwap operates without account registration or KYC for standard crypto swaps.
Which platform holds customer assets?
Brighty App holds customer assets using custodial wallets secured by Fireblocks with offline key storage. SimpleSwap is non-custodial and delivers exchanged funds directly to the user's external destination wallet.
Which service supports more cryptocurrencies?
SimpleSwap supports a much broader selection, offering trades across more than 2,800 cryptocurrencies and 3.2 million pairs. Brighty App limits its catalog to a smaller collection of major assets including Bitcoin, Ethereum, and selected stablecoins.
Can you spend crypto on debit cards with either platform?
Brighty App provides physical and virtual Mastercard debit cards compatible with Apple Pay and Google Pay for spending fiat and crypto balances. SimpleSwap does not offer debit cards, personal IBANs, or banking infrastructure.