SimpleSwap is a user-friendly and safe crypto and fiat exchange platform. This exchange does not mandate signing up to make swaps and supports over 1500 cryptocurrencies.The platform provides 24/7 support, Loyalty program, Affiliate Program and Invite system with bonuses for you and your fellows. In this SimpleSwap review, we will be analyzing the features of this exchange. Keep reading to know more about SimpleSwap in detail.
Summary
| Mobile App | Available on both android and iOS devices. |
| Fees | No withdrawal fee. Charges network fee. |
| Security | High-security system |
| Best For | Everyone looking for simple and fast exchanges without registration. |
| Pros | Simple user interface. Excellent referral and affiliate program. Loyalty program with up to 0.4% BTC cashback. |
Table of Contents
What is SimpleSwap?
SimpleSwap is a cryptocurrency exchange based in the Marshall Islands that debuted in April 2018. It allows both crypto-to-crypto exchange and fiat-to-crypto transactions.
There is no deposit storage; only quick coin exchanges are available. Furthermore, no registration is needed to make crypto exchanges.
It offers a diverse selection of coins, with 600+ coins available for purchase, as well as dependable service and 24-hour assistance. It also offers a fantastic affiliate program with a great variety of tools (such as API, affiliate links, widgets, etc.).
Its easy user interface and speedy transactions attract a large number of customers. It has also created a Mobile App to make the crypto exchange process even more convenient.
SimpleSwap Review: Products
- Affiliate Program: SimpleSwap’s affiliate program program presents you with a great opportunity to earn a 0,4% revenue share of the exchange amount if it is completed using your referral link on SimpleSwap. Add a referral link in your article or incorporate the SimpleSwap widget into your service to get a reward.
- SimpleSwap Loyalty Program: SimpleSwap offers customers BTC cashback for every successful transaction. The SimpleSwap Loyalty Program has four levels. In order to unlock them, users need to reach specific exchange volumes within a 90-day period: Bronze (0 BTC), Silver (0.25 BTC), Gold (1.5 BTC), and Platinum (10 BTC). Customers receive Bitcoin cashback based on their level, ranging from 0.05% to 0.4%. Once a level beyond Bronze is achieved, it is retained permanently, regardless of future exchange volumes. The minimum withdrawal amount for all levels is 0.006 BTC.
To join the SimpleSwap Loyalty Program, simply create a Customer Account. Once done, you’ll automatically become a participant in the Program. To start receiving cashback, users will just need to make the exchanges under their customer accounts.
- SimpleSwap Invite System: The Invite System rewards users for bringing friends to SimpleSwap, fostering mutual benefits and encouraging platform growth. Users can find their unique referral link in their account and share it with friends. The referrer receives a 0.4% BTC cashback subscription for three days. Additionally, the invited friend gets $50 in BTC upon registration before making an exchange.
SimpleSwap Review: Mobile Application
SimpleSwap is available on both web browsers as well as mobile applications. Its mobile application is supported by both iOS and Android. It does not require an account for making exchanges and enables quick transactions while supporting the features of this swap site on a web browser.
How to use SimpleSwap?
Read the following steps carefully to learn how to use SimpleSwap and trade on it:
- Go to the SimpleSwap homepage.
- This crypto exchange does not mandate registration to swap crypto, so you can start right away.
- Then choose either the floating rate or fixed rate.
- There is a chance that the cryptocurrency rate will fluctuate for the worse or for the better during a floating-rate transaction. As a result, the amount you receive may fluctuate. Nothing can modify the amount you receive during a fixed-rate exchange. These exchanges are immune to rate swings and market fluctuations.
- Under the first drop-down list, choose the crypto or fiat currency you want to exchange.
- Then in the second drop-down bar, select the cryptocurrency that you would like to buy.
- Enter the recipient’s address and click on Exchange to complete the transaction.
Benefits of Registering
Even though SimpleSwap does not require its users to register, there are certain benefits to being a registered customer to this instant exchange. A customer account enables you to participate in their Loyalty Program.
With the Loyalty Program, you would earn Bitcoin cashback for all your finished exchanges on SimpleSwap. Aside from that, you will have access to your Exchange History, which will allow you to track all of your operations done through various devices.
SimpleSwap Review: Fees
SimpleSwap does not charge any withdrawal fees. It charges a network fee, depending on the crypto you buy. It accepts payments via Visa and Mastercard.
Is SimpleSwap Safe?
Yes, SimpleSwap is safe as it offers a high level of security that is akin to that of some of the largest exchanges and platforms in the decentralized financial industry. The company’s wallet also has a good security rating as a consequence of its AES encryption technique.
Because SimpleSwap does not keep any assets, it is not a common target for cyber assaults. Individuals are encouraged to examine all factors when evaluating safety and security, such as the exchange, protocols, and wallet.
SimpleSwap Review: Customer Support
SimpleSwap has a live chat that allows users to connect with the support team easily if they have a concern or a question. The support team has been able to maintain a high level of responsiveness and promptness in responding to users’ inquiries.
Furthermore, the support staff may be reached by Twitter, Telegram, email, and other channels. Users may also look through the FAQ section to get answers to their questions.
SimpleSwap Review: Pros & Cons
| PROS | CONS |
|---|---|
| Has attractive Loyalty and Affiliate programs | You might need KYC verification to settle some transaction disputes. |
| No Signing up requirement | |
| No need for KYC verification | |
| Instant transactions | |
| No withdrawal fee | |
| Secure system |
SimpleSwap Review: Conclusion
SimpleSwap is a great platform for crypto exchange because it has more than 400 cryptocurrencies available, doesn’t require registration, and makes the exchange process simple and user-friendly. Furthermore, it allows purchasing crypto with Visa and Mastercard.
SimpleSwap provides innovative features like its Affiliate and Loyalty program as well as its SWAP coin. Its gift shop is a cool attraction for crypto fans.
The SimpleSwap Mobile App is available on both Android and iOS devices. Overall, this crypto exchange is a great platform for beginners as it facilitates speedy transactions and there is no hassle for signing up.
Frequently Asked Questions
Why should I trust SimpleSwap?
SimpleSwap is a project that is created for the convenience of customers and has been in the market for more than 3 years. The SimpleSwap users don’t need to create accounts or store depositsand hence, the customers are protected from any kind of financial theft. Also, they provide the best rates comparing a wide range of reliable trading platforms.
Does SimpleSwap require KYC?
No, SimpleSwap does not require KYC but there are cases when they conduct KYC of designated customers and/or transactions. This only happens if their system or their partners’ system recognizes the transaction as suspicious.
Can I buy crypto for fiat on SimpleSwap?
You can buy crypto for fiat currencies right on SimpleSwap using Visa or MasterCard.
What card can I use to buy crypto on Simpleswap?
Your card must comply with the requirements of SimpleSwap’s partner, Mercuryo: only Visa and MasterCard are accepted – virtual, prepaid, debit, and credit cards (make sure to check if your pre-paid card is eligible for crypto-related purchases).
Mercuryo doesn’t accept Maestro cards, doesn’t support PayPal and Revolut cards at the moment. WIRE or SEPA transfers are also not accepted.
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