SimpleSwap vs WazirX

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

VS
WazirX3.0/5
Feature
Ratings
Our score4.1/53.0/5
User ratingNo reviews yetNo reviews yet
Fees3.04.0
Security & trust4.01.5
Asset selection5.04.0
Ease of use4.53.5
Support4.03.0
Specs
MarketsSpotSpot, Futures
Coins listed2,800300
Fiat deposit methodsCardBank transfer
KYC required No Yes
Mobile app Yes Yes
Licenses & registrationsNot disclosedFIU-IND registration, India
Security featuresNon-custodial architecture, Direct wallet settlementsMandatory two-factor authentication, End-to-end encryption, BitGo custody
Futures & perpetuals No Yes
Max leverage (x)Not disclosed150
Copy trading NoNot disclosed
P2P market NoNot disclosed
Referral program Yes Yes
Company
Founded20182018
Headquarters—India
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
  • FIU-IND registered crypto exchange operating in India
  • Perpetual futures markets with leverage up to 150x
  • Zero-fee spot trading available for ₹99 per month
  • Supports direct INR bank transfers via IMPS, NEFT, and RTGS
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
  • Suffered a 2024 cyberattack leading to asset shortfalls
  • User balances remain subject to ongoing restructuring and rebalancing
  • Mandatory KYC prevents non-verified or anonymous trading
Best forRegistration-free crypto-to-crypto swaps, Non-custodial cross-chain transfers, Trading rare altcoins without CEX balancesIndian crypto spot traders, INR-settled futures traders, High-volume traders using monthly subscriptions

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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