Paxful vs SimpleSwap

Paxful2.0/5

VS

SimpleSwap4.1/5

Feature	PaxfulVisit	SimpleSwapVisit
Ratings
Our score	2.0/5	4.1/5
User rating	No reviews yet	No reviews yet
Fees	2.5	3.0
Security & trust	1.5	4.0
Asset selection	2.0	5.0
Ease of use	3.0	4.5
Support	1.5	4.0
Specs
Markets	P2P	Spot
Maker fee	0%	Not disclosed
Taker fee	1%	Not disclosed
Coins listed	Not disclosed	2,800
Fiat deposit methods	P2P	Card
KYC required	Not disclosed	No
Staking / earn	No	Not disclosed
Mobile app	Not disclosed	Yes
Security features	Not disclosed	Non-custodial architecture, Direct wallet settlements
Futures & perpetuals	No	No
Copy trading	No	No
P2P market	Yes	No
Earn / savings products	No	Not disclosed
Referral program	Not disclosed	Yes
Company
Founded	2015	2018
Headquarters	United States	—
Investors	Not disclosed	Not disclosed
Strengths and weaknesses
Pros	No trading fees charged to crypto buyers Supported over 350 local and international payment methods Over 140 countries supported prior to closure Fee-free monthly crypto withdrawals up to $1,000	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	Ceased all trading and deposit operations on November 1, 2025 Plea agreement incurred $7.5 million in US regulatory penalties Vendor spreads ranged from 5% to 50% above market rates P2P sellers paid a 1.00% platform fee on all completed trades	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	Historical P2P exchange research, Tracking crypto regulatory enforcement actions	Registration-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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