Overview
SimpleSwap is a simple and quick service to buy, sell, and exchange one type of cryptocurrency for another without sign-up. Website and Mobile App let you instantly exchange crypto you have in your crypto wallet for over 600 different tokens and coins.
The cool part about SimpleSwap is that you can exchange the crypto you have in Coinbase, Crypto.com, Binance (any exchange or wallet that lets you send crypto) and have the crypto you’re exchanging for deposited into a different wallet.
This means you could trade Bitcoin from Coinbase and have Ethereum deposited into your Trust Wallet or MetaMask for the equivalent amount. It is one of the easiest ways I have tried exchanging cryptocurrency.
How to Use SimpleSwap
You can start using SimpleSwap in four easy steps:
- Choose the crypto exchange pair
- Enter the recipient’s address
- Send cryptocurrency you want to exchange
- Receive the coins you want to get
SimpleSwap Fees
SimpleSwap’s fees come from the commission paid to the mining network to include your transaction in a block. So it’s usually between 0.1 – 5% of the transaction amount, but their tool will show you how crypto you’re getting in return. There may be slightly cheaper ways to exchange cryptocurrencies, but you’re getting convenience, speed, and ease of use by using SimpleSwap.
SimpleSwap Alternatives
Coinbase and Crypto.com do not have the same functionality that SimpleSwap does. FTX and Binance let you trade some cryptos without fees, but they don’t have the same selection as SimpleSwap.io has. Furthermore, they require registration. With SimpleSwap you have a choice to swap crypto without registration or sign up and get BTC cashback for every successfully finished exchange.
