LetsExchange vs SimpleSwap

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

VS
Feature
Ratings
Our score2.8/54.1/5
User ratingNo reviews yetNo reviews yet
Fees2.53.0
Security & trust2.04.0
Asset selection4.55.0
Ease of use2.54.5
Support3.04.0
Specs
MarketsSpotSpot
Coins listed6,1542,800
Fiat deposit methodsBank transfer, Card, Apple Pay, Google PayCard
KYC required No No
Mobile appNot disclosed Yes
Security featuresNot disclosedNon-custodial architecture, Direct wallet settlements
Futures & perpetuals No No
Copy trading No No
P2P market No No
Earn / savings products NoNot disclosed
Referral program Yes Yes
Company
Founded20212018
Headquarters——
InvestorsNot disclosedNot disclosed
Strengths and weaknesses
Pros
  • Supported over 5,000 crypto assets and 300 blockchain networks
  • Non-custodial trades did not require LetsExchange to hold user balances
  • Instant crypto-to-crypto swaps required no mandatory account sign-up
  • Integrated on-ramps supporting more than 60 fiat currencies
  • 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
  • Permanently ceased all exchange operations on October 1, 2026
  • Customer support assistance concludes entirely after November 30, 2026
  • Fiat purchase ramps relied on third-party processors requiring external KYC
  • Suffered a past social media account compromise on X
  • 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 forFormer users resolving final payouts, Historical crypto liquidity researchRegistration-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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