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5.5/10
Instant Exchangers
Company file: SimpleSwap, owners, incidents →
SimpleSwap
Coverage is the product: more than 2,800 coins, many of which no exchange lists. Pricing on those long-tail pairs is wide and the margin is not published, orders are filled by partners you never see, and funds released after a compliance freeze lose 1% with a $100 minimum. Since its 7 Sep 2026 terms it no longer serves the EU, UK or US.
Best for: Very broad long-tail coin support outside the EU, UK and US
Company file: SimpleSwap, owners, incidents →How this score was reached
5.5 is the weighted average of the five pillar findings below, minus one published deduction. Real weaknesses. Suitable only for a narrow, informed use case.
- Custody & Security25%
- 6.6
- Cost & Fee Transparency30%
- 6.2
- Regulation & Legal Standing15%
- 5.6
- Performance & Reliability15%
- 7.0
- Access & Support15%
- 7.6
Transient custody with no incidents on file. Routes through partner liquidity, so the counterparty on any given swap is not disclosed, and section 8.1 of the terms allows funds to be frozen during enhanced due diligence.
No fee line: the margin sits inside the quote and is not published, and spreads are widest on the long-tail pairs that are the reason to use it. The terms add a 1% fee, minimum $100, on returning frozen funds, which is not shown when you price a swap.
Registered in the Marshall Islands with limited disclosure of corporate structure relative to the volume handled. It withdrew from all 27 EU states, the UK and the US in its 7 Sep 2026 terms, about two months after MiCA’s transition period ended.
Completion is reliable on majors and variable on long-tail assets, where it depends on partners that can trigger holds of their own.
Very broad coverage, no account and a simple flow, but since 7 Sep 2026 unavailable in the EU, UK, US, Japan, China and India.
Deductions applied
- −1.0Undisclosed cost. A material cost of using the service is documented somewhere other than the fee schedule — in the terms, in a help article, or in a condition attached to a reward — where a user pricing the product would not find it.
Strengths
- Long-tail coverage of 2,800+ coins that exchanges will not touch
- No account and a simple flow
- Loyalty tiers cut the margin by 5% to 40%
Against it
- Unpublished margin, widest on the long-tail pairs that are its main draw
- Frozen funds are returned minus 1%, minimum $100, a cost set in the terms
- No longer serves the EU, UK or US since 7 Sep 2026
Coverage is the product, and the price of it
SimpleSwap will swap more than 2,800 coins, many of which no exchange will list, which is a real reason to use it. Pricing on exactly those long-tail pairs is wide and the margin is not published. Orders are filled by partner liquidity providers you never see, and those partners can trigger compliance holds of their own.
The cost a user pricing a swap will not find is in the terms: frozen funds released after review are returned minus 1%, with a $100 minimum, so a small swap caught in review can lose most of its value. That carries our undisclosed-cost penalty. Since its 7 Sep 2026 terms it no longer serves any EU country, the UK or the US.
Frequently asked questions
Is SimpleSwap good value?+
On major pairs, competitive. On the long-tail assets that are its main draw, spreads are wide and the margin is not published, so compare the final amount against a live mid-market price.
What happens if SimpleSwap freezes my swap?+
The terms let it freeze funds during enhanced due diligence, and user reports describe holds on $50,000+ swaps lasting weeks. If the funds are released, it keeps 1% of the returned amount with a $100 minimum.
Can I use SimpleSwap in the EU or UK?+
No. The terms in force from 7 Sep 2026 bar all 27 EU member states, the UK, the US, Japan, China and India, among others.
Assessed by
By Emily Volker
Editor-in-Chief · September 27, 2026
◆ Disclosure
CoinRadar Daily is a non-commercial project. We have no commercial relationship with SimpleSwap, earn nothing from any link on this page, and carry no advertising or sponsorship anywhere on the site. Findings rest on public sources; we did not open an account or transact.
Rubric v2.0How we score →
The rest of the instant exchangers table
- 04SimpleSwap — you are hereVery broad long-tail coin support outside the EU, UK and US5.5
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