SimpleSwap vs Toobit

SimpleSwap4.1/5

VS

Toobit3.9/5

Feature	SimpleSwapVisit	ToobitVisit
Ratings
Our score	4.1/5	3.9/5
User rating	No reviews yet	No reviews yet
Fees	3.0	4.5
Security & trust	4.0	3.5
Asset selection	5.0	4.0
Ease of use	4.5	4.0
Support	4.0	3.5
Specs
Markets	Spot	Spot, Futures, Copy trading, P2P, OTC
Maker fee	Not disclosed	0%
Taker fee	Not disclosed	0%
Coins listed	2,800	Not disclosed
Fiat deposit methods	Card	Card, Apple Pay, P2P
KYC required	No	Yes
Accepts US customers	Not disclosed	No
Proof of reserves	Not disclosed	Yes
Mobile app	Yes	Yes
Licenses & registrations	Not disclosed	Polish Financial Supervision Authority VASP, US FinCEN MSB
Security features	Non-custodial architecture, Direct wallet settlements	ISO/IEC 27001:2022, Bee-Safe infrastructure, Proof of Reserves, Anti-phishing code, Passkeys, Google Authenticator
Futures & perpetuals	No	Yes
Max leverage (x)	Not disclosed	500
Copy trading	No	Yes
P2P market	No	Yes
User protection fund	Not disclosed	Yes
Referral program	Yes	Yes
Company
Founded	2018	2022
Headquarters	—	Cayman Islands
Investors	Not disclosed	Not 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	Registered as a Virtual Asset Service Provider with the Polish Financial Supervision Authority Publishes monthly 1:1 proof of reserves data Perpetual contract leverage available up to 500x Card and Apple Pay deposits supported across 50 fiat currencies
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	Discontinued all services for United States customers in July 2024 Requires full KYC verification for fiat and standard operations Centralized custody model exposes user deposits to platform insolvency risks Zero-fee promotional spot rates exclude API trading activity
Best for	Registration-free crypto-to-crypto swaps, Non-custodial cross-chain transfers, Trading rare altcoins without CEX balances	High-leverage derivatives traders, European crypto traders needing VASP compliance, Traders seeking tokenized equity contracts

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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