Flipster vs SimpleSwap

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

VS
Feature
Ratings
Our score3.8/54.1/5
User ratingNo reviews yetNo reviews yet
Fees4.53.0
Security & trust3.54.0
Asset selection4.05.0
Ease of use4.04.5
Support3.04.0
Specs
MarketsSpot, Futures, Copy tradingSpot
Maker fee0.02%Not disclosed
Taker fee0.06%Not disclosed
Coins listedNot disclosed2,800
Fiat deposit methodsNot disclosedCard
KYC requiredNot disclosed No
Proof of reserves YesNot disclosed
Staking / earn YesNot disclosed
Mobile app Yes Yes
Licenses & registrationsDubai VARA VASP (VL/26/07/002)Not disclosed
Security featuresISO/IEC 27001, CER.live AAA rating, Official channel verificationNon-custodial architecture, Direct wallet settlements
Futures & perpetuals Yes No
Max leverage (x)100Not disclosed
Copy trading Yes No
P2P marketNot disclosed No
Earn / savings products YesNot disclosed
Referral programNot disclosed Yes
Company
Founded20212018
HeadquartersPanama—
InvestorsNot disclosedNot disclosed
Strengths and weaknesses
Pros
  • VIP0 futures maker fee of 0.02% and futures and spot taker fee of 0.06%
  • Holds a full operational Exchange Services license from Dubai VARA (VL/26/07/002)
  • Over 400 trading pairs listed across spot and perpetual markets
  • Passively yields interest on USDT balances while maintaining margin
  • 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
  • Custodial model exposes funds to exchange solvency and counterparty risk
  • High-leverage perpetuals up to 100x carry steep liquidation risks
  • Proof of reserves reporting does not cite an external independent auditor
  • 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 forPerpetual futures traders, Traders seeking yield on margin collateral, Users following automated copy trading strategiesRegistration-free crypto-to-crypto swaps, Non-custodial cross-chain transfers, Trading rare altcoins without CEX balances

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