HitBTC vs SimpleSwap

HitBTC3.0/5

VS

SimpleSwap4.1/5

Feature	HitBTCVisit	SimpleSwapVisit
Ratings
Our score	3.0/5	4.1/5
User rating	No reviews yet	No reviews yet
Fees	3.0	3.0
Security & trust	3.5	4.0
Asset selection	3.0	5.0
Ease of use	3.0	4.5
Support	2.5	4.0
Specs
Markets	Spot, Futures, OTC	Spot
Coins listed	56	2,800
Fiat deposit methods	Not disclosed	Card
KYC required	Yes	No
Accepts US customers	No	Not disclosed
Mobile app	Yes	Yes
Licenses & registrations	British Virgin Islands registration	Not disclosed
Security features	Two-factor authentication	Non-custodial architecture, Direct wallet settlements
Futures & perpetuals	Yes	No
Copy trading	Not disclosed	No
P2P market	Not disclosed	No
Referral program	Not disclosed	Yes
Company
Founded	2013	2018
Headquarters	Hong Kong	—
Investors	Not disclosed	Not disclosed
Strengths and weaknesses
Pros	Continuous operational history dating back to February 2014 Provides FIX API access and colocation for high-frequency market makers HIT utility token grants fee discounts across trading products OTC trading desk available for large block trades with minimal price slippage	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	Not accessible to traders in the United States or Japan Unregulated exchange operating without formal financial licenses No statutory user protection for customer balances Centralized custody exposes account balances to platform counterparty 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 for	Non-US algorithmic traders, Market makers needing FIX APIs, High-volume OTC crypto buyers	Registration-free crypto-to-crypto swaps, Non-custodial cross-chain transfers, Trading rare altcoins without CEX balances

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