CryptoLocally vs SimpleSwap

CryptoLocally1.6/5

VS

SimpleSwap4.1/5

Feature	CryptoLocallyVisit	SimpleSwapVisit
Ratings
Our score	1.6/5	4.1/5
User rating	No reviews yet	No reviews yet
Fees	2.5	3.0
Security & trust	1.5	4.0
Asset selection	2.0	5.0
Ease of use	1.0	4.5
Support	1.0	4.0
Specs
Markets	P2P	Spot
Coins listed	Not disclosed	2,800
Fiat deposit methods	P2P	Card
KYC required	No	No
Mobile app	Not disclosed	Yes
Security features	Escrow smart contracts	Non-custodial architecture, Direct wallet settlements
Futures & perpetuals	No	No
Copy trading	No	No
P2P market	Yes	No
Earn / savings products	Yes	Not disclosed
Referral program	Not disclosed	Yes
Company
Founded	2019	2018
Headquarters	Hong Kong	—
Investors	Alameda Research, 3Commas, Genesis Block, IOSG Ventures +3	Not disclosed
Strengths and weaknesses
Pros	Non-custodial trading architecture using on-chain escrow smart contracts No mandatory identity verification (KYC) required to trade Supported multiple base networks including EOS, Tron, Ethereum, and BNB Chain Integrated user reputation and feedback scoring for counterparty evaluation	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	Platform discontinued and website offline since October 2024 Relied on lead funding from Alameda Research Non-custodial escrow remains vulnerable to fiat counterparty payment disputes	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	Historical peer-to-peer exchange research, Discontinued EOS and Tron trading, Non-custodial crypto market studies	Registration-free crypto-to-crypto swaps, Non-custodial cross-chain transfers, Trading rare altcoins without CEX balances

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