Gemini vs SimpleSwap

Gemini3.4/5

VS

SimpleSwap4.1/5

Feature	GeminiVisit	SimpleSwapVisit
Ratings
Our score	3.4/5	4.1/5
User rating	No reviews yet	No reviews yet
Fees	3.0	3.0
Security & trust	4.0	4.0
Asset selection	3.0	5.0
Ease of use	3.5	4.5
Support	3.0	4.0
Specs
Markets	Spot, OTC	Spot
Maker fee	0.2%	Not disclosed
Taker fee	0.4%	Not disclosed
Coins listed	74	2,800
Fiat deposit methods	Not disclosed	Card
KYC required	Not disclosed	No
Accepts US customers	Yes	Not disclosed
Proof of reserves	Yes	Not disclosed
Staking / earn	Yes	Not disclosed
Mobile app	Yes	Yes
Licenses & registrations	New York Department of Financial Services Limited Purpose Tr, French crypto registration	Not disclosed
Security features	Cold storage, Hardware security key support, Withdrawal address allowlisting, SOC 1 Type 2, SOC 2 Type 2, ISO 27001, Captive insurance for hot wallet theft	Non-custodial architecture, Direct wallet settlements
Futures & perpetuals	Not disclosed	No
Copy trading	Not disclosed	No
P2P market	Not disclosed	No
Earn / savings products	Yes	Not disclosed
Referral program	Not disclosed	Yes
Company
Founded	2014	2018
Headquarters	United States	—
Investors	D1 Capital Partners	Not disclosed
Strengths and weaknesses
Pros	New York trust-company charter with NYDFS oversight Periodic proof-of-reserves reporting for customer funds ActiveTrader maker fees start at 0.20% Hardware security-key support and withdrawal allowlisting	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	Standard interface fees total 2.49% before other costs Centralized custody exposes funds to platform and withdrawal risk Gemini Earn shut down after Genesis suspended withdrawals SEC and CFTC actions affected Gemini products and operations	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	US crypto investors, Regulation-focused traders, Institutional custody clients	Registration-free crypto-to-crypto swaps, Non-custodial cross-chain transfers, Trading rare altcoins without CEX balances

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