SimpleSwap vs SmartFi

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

VS
SmartFi1.9/5
Feature
Ratings
Our score4.1/51.9/5
User ratingNo reviews yetNo reviews yet
Fees3.02.5
Security & trust4.01.0
Asset selection5.02.0
Ease of use4.52.5
Support4.02.0
Specs
MarketsSpotSpot
Maker feeNot disclosed0.5%
Taker feeNot disclosed0.5%
Coins listed2,800Not disclosed
Fiat deposit methodsCardNot disclosed
KYC required NoNot disclosed
Accepts US customersNot disclosed Yes
Mobile app YesNot disclosed
Licenses & registrationsNot disclosedFinCEN MSB (US)
Security featuresNon-custodial architecture, Direct wallet settlementsNot disclosed
Futures & perpetuals NoNot disclosed
Copy trading NoNot disclosed
P2P market NoNot disclosed
Earn / savings productsNot disclosed Yes
Referral program YesNot disclosed
Company
Founded2018—
Headquarters—United States
InvestorsNot disclosedNot disclosed
Strengths and weaknesses
Pros
  • 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
  • 0% fee for Smart Swap and SmartTRADE conversions
  • 0% deposit fee
  • FinCEN MSB registration number 31000178271453
  • Offers trading, wallet and lending products in one platform
Cons
  • 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
  • Chapter 11 bankruptcy proceedings began on June 20, 2024
  • SMTF and BBB withdrawals are restricted
  • About $200 million in unsecured claims are involved
  • 0.5% maker and taker fees apply to order-book trades
Best forRegistration-free crypto-to-crypto swaps, Non-custodial cross-chain transfers, Trading rare altcoins without CEX balancesUS crypto holders reviewing legacy accounts, SmartTRADE conversion users, SMTF token holders

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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