SimpleSwap vs XT.COM Exchange

How SimpleSwap vs XT.COM Exchange compare on our ratings, exchange specs, funding, pros and cons.

Feature
Ratings
Our score4.1/53.2/5
User ratingNo reviews yetNo reviews yet
Fees3.03.0
Security & trust4.02.5
Asset selection5.04.5
Ease of use4.53.5
Support4.03.0
Specs
MarketsSpotSpot, Futures, Margin, P2P, Copy trading
Maker feeNot disclosed0.2%
Taker feeNot disclosed0.2%
Coins listed2,8001,000
Fiat deposit methodsCardP2P
KYC required No No
Accepts US customersNot disclosed No
Proof of reservesNot disclosed Yes
Staking / earnNot disclosed Yes
Mobile app Yes Yes
Security featuresNon-custodial architecture, Direct wallet settlementsProof of reserves, Bug bounty
Futures & perpetuals No Yes
Max leverage (x)Not disclosed125
Copy trading No Yes
P2P market No Yes
Earn / savings productsNot disclosed Yes
Referral program Yes Yes
Company
Founded20182018
Headquarters—Seychelles
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
  • Over 1,000 cryptocurrencies available for spot trading
  • Derivatives trading with up to 125x leverage
  • Unverified accounts allow daily withdrawals up to $200,000
  • Fully covered user losses following the November 2024 hot-wallet exploit
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
  • Standard spot maker and taker fees of 0.2% are higher than major competitors
  • Prohibited for all United States residents and citizens
  • Flagged by Dubai VARA for operating without a local regulatory license
  • Suffered a $1.7 million hot-wallet security exploit in November 2024
Best forRegistration-free crypto-to-crypto swaps, Non-custodial cross-chain transfers, Trading rare altcoins without CEX balancesNon-US high-leverage derivatives traders, Global altcoin and token hunters, Traders using automated bot strategies

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