PrimeXBT vs SimpleSwap

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

VS
Feature
Ratings
Our score4.0/54.1/5
User ratingNo reviews yetNo reviews yet
Fees4.53.0
Security & trust3.54.0
Asset selection4.05.0
Ease of use4.04.5
Support4.04.0
Specs
MarketsFutures, MarginSpot
Maker fee0.01%Not disclosed
Taker fee0.05%Not disclosed
Coins listed602,800
Fiat deposit methodsBank transfer, CardCard
KYC requiredNot disclosed No
Accepts US customers NoNot disclosed
Mobile app Yes Yes
Licenses & registrationsSouth Africa FSCA, El Salvador CNAD, El Salvador BCRNot disclosed
Security featuresNot disclosedNon-custodial architecture, Direct wallet settlements
Futures & perpetuals Yes No
Max leverage (x)1,000Not disclosed
Copy tradingNot disclosed No
P2P market No No
Referral program Yes Yes
Company
Founded20182018
HeadquartersSt. Lucia—
InvestorsNot disclosedNot disclosed
Strengths and weaknesses
Pros
  • Crypto perpetual maker fees start at 0.01%
  • Cross-margin trading lets you use crypto collateral on traditional CFDs
  • No deposit fees and no recurring account inactivity penalties
  • Licensed by the FSCA in South Africa and CNAD in El Salvador
  • 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 available to traders based in the United States
  • High maximum leverage increases liquidation risk for active margin positions
  • Centralized custody model
  • Crypto withdrawals incur network fees
  • 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 forHigh-leverage crypto perpetual traders, Cross-asset CFD and forex speculators, Algorithmic traders using MetaTrader 5Registration-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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