CoinEx Exchange vs SimpleSwap

CoinEx Exchange3.3/5

VS

SimpleSwap4.1/5

Feature	CoinEx ExchangeVisit	SimpleSwapVisit
Ratings
Our score	3.3/5	4.1/5
User rating	No reviews yet	No reviews yet
Fees	3.5	3.0
Security & trust	2.5	4.0
Asset selection	4.0	5.0
Ease of use	3.5	4.5
Support	3.5	4.0
Specs
Markets	Spot, Futures, Margin	Spot
Coins listed	Not disclosed	2,800
Fiat deposit methods	Card	Card
KYC required	Not disclosed	No
Accepts US customers	No	Not disclosed
Proof of reserves	Yes	Not disclosed
Staking / earn	Yes	Not disclosed
Mobile app	Yes	Yes
Licenses & registrations	Estonia FIU crypto operating license, Poland VASP	Not disclosed
Security features	2FA, Cold storage segregation, Anti-phishing code, Device management, Risk reserve fund	Non-custodial architecture, Direct wallet settlements
Futures & perpetuals	Yes	No
Copy trading	No	No
P2P market	No	No
Earn / savings products	Yes	Not disclosed
User protection fund	Yes	Not disclosed
Referral program	Yes	Yes
Company
Founded	2017	2018
Headquarters	Seychelles	—
Investors	Not disclosed	Not disclosed
Strengths and weaknesses
Pros	Published monthly proof of reserves verification reports AMM liquidity pools let users earn shares of trading fees Licensed as an operating exchange in Estonia and registered in Poland Wide asset selection spanning hundreds of spot and perpetual markets	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	Permanently barred from operating in the United States Suffered a $54 million hot wallet exploit in September 2023 Fiat on-ramps require third-party providers with external fee structures No registration or licensing in the United Kingdom, Australia, or Japan	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	Non-US altcoin traders, Perpetual futures and margin traders, Users providing AMM liquidity	Registration-free crypto-to-crypto swaps, Non-custodial cross-chain transfers, Trading rare altcoins without CEX balances

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