Poloniex vs SimpleSwap

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

VS
Feature
Ratings
Our score3.0/54.1/5
User ratingNo reviews yetNo reviews yet
Fees3.03.0
Security & trust1.54.0
Asset selection4.55.0
Ease of use3.54.5
Support3.04.0
Specs
MarketsSpot, FuturesSpot
Coins listedNot disclosed2,800
Fiat deposit methodsNot disclosedCard
KYC requiredNot disclosed No
Accepts US customers NoNot disclosed
Mobile appNot disclosed Yes
Security featuresNot disclosedNon-custodial architecture, Direct wallet settlements
Futures & perpetuals Yes No
Copy tradingNot disclosed No
P2P marketNot disclosed No
Referral programNot disclosed Yes
Company
Founded20142018
HeadquartersUnited States—
InvestorsNot disclosedNot disclosed
Strengths and weaknesses
Pros
  • Spot and futures markets in one exchange account
  • Dedicated API access for spot and futures trading
  • Network coverage includes 11 named blockchains
  • Operating history dates to January 2014
  • 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
  • Customers face custodial exposure to exchange-controlled wallets
  • A November 2023 breach stole more than $114 million
  • Futures trading adds liquidation and leverage 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 forSpot crypto traders, API-based trading, Futures tradersRegistration-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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