SimpleSwap vs Webull

SimpleSwap4.1/5

VS

Webull3.5/5

Feature	SimpleSwapVisit	WebullVisit
Ratings
Our score	4.1/5	3.5/5
User rating	No reviews yet	No reviews yet
Fees	3.0	4.0
Security & trust	4.0	3.0
Asset selection	5.0	3.0
Ease of use	4.5	4.5
Support	4.0	3.0
Specs
Markets	Spot	Spot, Futures, Options, Margin
Maker fee	Not disclosed	0%
Taker fee	Not disclosed	0%
Coins listed	2,800	Not disclosed
Fiat deposit methods	Card	Bank transfer, Card, ACH
KYC required	No	Yes
Accepts US customers	Not disclosed	Yes
Mobile app	Yes	Yes
Licenses & registrations	Not disclosed	SEC, FINRA, SIPC, FCA, AFM
Security features	Non-custodial architecture, Direct wallet settlements	2FA, SIPC insurance, FDIC sweep program
Futures & perpetuals	No	Yes
Copy trading	No	Not disclosed
P2P market	No	No
User protection fund	Not disclosed	Yes
Referral program	Yes	Yes
Company
Founded	2018	2016
Headquarters	—	United States
Investors	Not disclosed	Shunwei Capital, Xiaomi, Coatue Management, General Atlantic +1
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	Zero-commission trading for US stocks, exchange-traded funds, and options Regulated by the SEC and FINRA with SIPC-insured securities accounts Extended-hours trading available across pre-market and after-hours sessions Includes paper trading and direct API access for automated orders
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	Cryptocurrency trades require a separate Webull Pay account Fined $3 million by FINRA in March 2023 regarding options compliance Mandatory KYC identity verification for all account holders
Best for	Registration-free crypto-to-crypto swaps, Non-custodial cross-chain transfers, Trading rare altcoins without CEX balances	US multi-asset retail traders, Active options and equity investors, Algorithmic traders needing broker APIs

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