SimpleSwap vs tZERO

SimpleSwap4.1/5

VS

tZERO3.4/5

Feature	SimpleSwapVisit	tZEROVisit
Ratings
Our score	4.1/5	3.4/5
User rating	No reviews yet	No reviews yet
Fees	3.0	3.0
Security & trust	4.0	4.5
Asset selection	5.0	2.5
Ease of use	4.5	3.0
Support	4.0	3.5
Specs
Markets	Spot	Spot, OTC
Coins listed	2,800	Not disclosed
Fiat deposit methods	Card	Not disclosed
KYC required	No	Yes
Accepts US customers	Not disclosed	Yes
Staking / earn	Not disclosed	No
Mobile app	Yes	Not disclosed
Licenses & registrations	Not disclosed	SEC-registered Broker-Dealer and ATS, SEC-registered Transfer Agent, FINRA Member, CFTC-registered DCO
Security features	Non-custodial architecture, Direct wallet settlements	Institutional key management, Regulated custody, API authentication
Futures & perpetuals	No	Yes
Copy trading	No	No
P2P market	No	No
Earn / savings products	Not disclosed	No
Referral program	Yes	Not disclosed
Company
Founded	2018	2014
Headquarters	—	United States
Investors	Not disclosed	Intercontinental Exchange (ICE)
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	Operates an SEC-registered and FINRA-member broker-dealer alternative trading system Holds CFTC approval as a Derivatives Clearing Organization for derivatives clearing Licensed to custody tokenized securities using its own wallet and key infrastructure Backed by New York Stock Exchange parent company Intercontinental Exchange
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	Strict KYC and accreditation requirements restrict retail and anonymous trading Does not support standard spot trading for broad retail cryptocurrency pairs Custody model relies on centralized broker-dealer safekeeping rather than self-custody Secondary trading liquidity remains limited relative to major crypto exchanges
Best for	Registration-free crypto-to-crypto swaps, Non-custodial cross-chain transfers, Trading rare altcoins without CEX balances	US accredited tokenized securities investors, Institutions needing FIX-connected clearing rails, Issuers listing real-world assets compliantly

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