SimpleSwap
Best for published terms and documentation
How it rates
- Service reachable without an account
- Documentation or FAQ published
- Terms and conditions published
- Corporate entity not established from public sources
Each indicator scores 2, 1 or 0. A pillar is the points earned over the points available; the overall score is the weighted sum. Every source below is public — check any of them yourself.
- Met
- Met
- Met
- PartialOperator identifiable from published material
Service published under its own domain; corporate entity not established at this check.
simpleswap.io/ - PartialNo custody of user funds claimed in this assessment
Custody arrangements are not verifiable from the desk and are not scored.
simpleswap.io/
- Met
- Met
- Partial
- Met
- Met
- Met
- Met
- Met
- Met
- Not metOperator entity disclosed
Not established from public sources at this check.
- Met
- Met
- Met
- Not metCorporate entity identifiable
Not established from public sources at this check.
- Not metRegulatory status published
Not established from public sources at this check.
- Met
- Met
- Met
- Met
- Met
A no-registration instant exchanger that does not store swap history, offering fixed and floating rates across a wide asset range, with settlement times that vary widely.
Our assessment
SimpleSwap is a low-friction entry point to this category: no registration, fixed and floating rate modes on supported pairs, and no swap history retained on the account you never created. Settlement is slower and less predictable than the fastest services here, ranging from about five minutes to an hour.
Not storing history is a real distinction
Most exchangers keep a record tying your addresses together, which is exactly the data an analytics firm or a subpoena would want. A service that does not retain swap history removes that linkage at the source. It is a policy rather than a cryptographic guarantee — you are trusting a statement — but it is a statement most competitors do not make.
Settlement time is a cost
Five to sixty minutes is a wide range, and on a floating rate the market moves for the whole of it. That variance is the hidden price of the service: the quoted rate and the received rate can differ materially on a slow swap in a fast market. Choosing the fixed rate transfers that risk to the operator for a premium.
What you are trusting
There is no account, no balance and no recourse. Once funds are sent, the operator's willingness to complete the swap is the only guarantee. Every service in this category shares that structure, which is why our counterparty pillar carries 30% weight here — more than in almost any other category we score.
Who it suits
SimpleSwap fits users who value not leaving a stored history and can tolerate variable settlement times. Users who need speed should compare ChangeNOW; users who want the best available rate should route through an aggregator such as Swapzone or SwapSpace.
Frequently asked
Does this score mean SimpleSwap is trustworthy?
No. It measures what is published and reachable before use: the service, its terms and its documentation. Custody, routing and corporate structure are not tested by us.
Why do all providers score zero on corporate entity?
Because this class of service rarely publishes it. The indicator is identical for every provider in the category, so the comparison stays fair.
Are rates or spreads compared here?
No. Verifying quoted rates requires live transactions, which we do not perform. The rubric covers disclosure, not execution.