Deribit vs SimpleSwap

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

Deribit4.0/5
VS
Feature
Ratings
Our score4.0/54.1/5
User ratingNo reviews yetNo reviews yet
Fees4.03.0
Security & trust4.54.0
Asset selection3.55.0
Ease of use4.04.5
Support4.04.0
Specs
MarketsSpot, Futures, OptionsSpot
Coins listedNot disclosed2,800
Fiat deposit methodsNot disclosedCard
KYC required Yes No
Accepts US customers NoNot disclosed
Mobile app Yes Yes
Security features2FA, Security Key, Address whitelisting, Insurance fundNon-custodial architecture, Direct wallet settlements
Futures & perpetuals Yes No
Max leverage (x)50Not disclosed
Copy tradingNot disclosed No
P2P marketNot disclosed No
User protection fund YesNot disclosed
Referral programNot disclosed Yes
Company
Founded20162018
Headquarters——
InvestorsNot disclosedNot disclosed
Strengths and weaknesses
Pros
  • Over 85% market share in Bitcoin and Ethereum options
  • Up to 50x leverage on perpetuals and futures
  • Portfolio margin available to offset options and futures risk
  • Free testnet with simulated funds for 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
  • Mandatory KYC identity verification before deposits or trading
  • Does not accept customers from the United States
  • Session profits locked until the 08:00 UTC daily settlement
  • Centralized custody model exposes user funds to exchange risk
  • 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 forCrypto options traders, Institutional market makers, Quantitative derivatives trading firmsRegistration-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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