SimpleSwap vs tastytrade

SimpleSwap4.1/5

VS

tastytrade3.8/5

Feature	SimpleSwapVisit	tastytradeVisit
Ratings
Our score	4.1/5	3.8/5
User rating	No reviews yet	No reviews yet
Fees	3.0	4.0
Security & trust	4.0	4.0
Asset selection	5.0	3.0
Ease of use	4.5	4.5
Support	4.0	3.5
Specs
Markets	Spot	Spot, Futures, Options, Margin
Coins listed	2,800	Not disclosed
Fiat deposit methods	Card	Bank transfer, ACH
KYC required	No	Yes
Accepts US customers	Not disclosed	Yes
Proof of reserves	Not disclosed	No
Staking / earn	Not disclosed	No
Mobile app	Yes	Yes
Licenses & registrations	Not disclosed	FINRA, SEC, NFA, SIPC, ASIC
Security features	Non-custodial architecture, Direct wallet settlements	Two-factor authentication, Real-time monitoring, SIPC coverage
Futures & perpetuals	No	Yes
Copy trading	No	No
P2P market	No	No
Earn / savings products	Not disclosed	No
User protection fund	Not disclosed	No
Referral program	Yes	Yes
Company
Founded	2018	2011
Headquarters	—	United States
Investors	Not disclosed	IG Group
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	Options commissions are capped at $10 per leg with zero closing fees Zero-commission trading on all US-listed stocks and exchange-traded funds Regulated by the SEC and FINRA with SIPC equity protection Advanced tools for multi-leg option analysis, backtesting, and order chains
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	Crypto trading and custody are routed through a third party, Zero Hash Cryptocurrency balances are not protected by SIPC insurance or NFA oversight Fined $200,000 by FINRA in January 2026 for customer complaint reporting issues Does not support decentralized wallet connections or native on-chain crypto withdrawals
Best for	Registration-free crypto-to-crypto swaps, Non-custodial cross-chain transfers, Trading rare altcoins without CEX balances	Active multi-leg options traders, Futures and micro futures traders, US retail investors seeking regulated brokerage

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