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Instant Crypto Exchangers · OBOL rating

SimpleSwap review

Does what the name says at a middling price, with the category's standard risk of a swap stalling in review.

6.6/10
Mixed
#9 of 15 instant crypto exchangersChecked August 2026
The short answer

SimpleSwap does exactly what its name promises: no account, wide asset coverage, a clear interface and settlement that works. Pricing sits in the middle of the category with the margin undisclosed, and flagged transactions face the same slow, document-heavy review process as elsewhere.

Best forSimple no-account swaps across many chains

Score breakdown

Category rubric →
  1. True costweight 25%
    6.5avg 6.7
  2. AML & refund conductweight 25%
    5.5avg 5.9
  3. Rate transparencyweight 20%
    6.5avg 7.1
  4. Coverageweight 15%
    8.5avg 8.0
  5. Supportweight 15%
    6.5avg 6.6

this service category average across 15Score = Σ mark × weight. Usable, but there are better options for most people. Methodology.

The evidence behind each mark

Scoring rules →
CriterionMarkWhat we foundSourceChecked
True cost6.5not sourced yetnot sourced yet—
AML & refund conduct5.5not sourced yetnot sourced yet—
Rate transparency6.5not sourced yetnot sourced yet—
Coverage8.5not sourced yetnot sourced yet—
Support6.5not sourced yetnot sourced yet—

What we liked, and what fell short

Liked
  • Broad coverage with a genuinely simple flow
  • No account required and reasonable minimums
  • Fixed-rate option is honoured in normal conditions
Fell short
  • Margin is average and not disclosed separately
  • Holds on flagged transactions can take weeks to resolve

Why the marks landed where they did

There is not much to say about SimpleSwap, which in this category is close to a compliment. It supports several hundred assets, requires no registration, distinguishes clearly between fixed and floating rates, and settles reliably when nothing trips a screen.

Pricing

The margin is embedded in the quote and typically runs somewhere between 0.4% and 1% depending on the pair's liquidity, with a premium on fixed rates. That is mid-table: cheaper than Changelly or Godex, more expensive than FixedFloat or SideShift. Since nothing is itemised, comparing the quote to market mid remains the only way to know.

Compliance and support

Deposits flagged by screening are held pending verification, and users report resolution timelines running from days to weeks with documentation requests. Support responds through tickets, without live escalation. This is the category baseline rather than a specific failing, and it is the reason nobody in this section scores above 7.5.

Coverage

Broad enough for most needs across major chains and a long tail of tokens, with reasonable minimums. It lacks the very widest catalogues of ChangeNOW or LetsExchange and covers considerably more than the boutique services.

Who should use SimpleSwap

Users who want a straightforward swap and are not optimising for the last half per cent. If you are price-sensitive, use an aggregator such as SwapSpace or Trocador to compare before committing — SimpleSwap will often appear in those results, and you will see immediately whether it is the best available quote.

FAQ

Does SimpleSwap need an account?
No. Standard swaps require no registration, though flagged transactions can still trigger verification before release.
What is SimpleSwap's fee?
Undisclosed and embedded in the rate, typically between 0.4% and 1% depending on the pair, with a premium for fixed rates.
Is SimpleSwap trustworthy?
It has operated since 2018 without a major incident. The standard risks apply: custody during the swap and the possibility of a compliance hold.
SimpleSwap or FixedFloat?
FixedFloat is cheaper and states its fee openly. SimpleSwap supports more assets. For anything FixedFloat covers, it is usually the better choice.