SimpleSwap Legitimacy FAQ
Direct answers to the questions people ask most often when checking whether SimpleSwap is legit and safe.
Is SimpleSwap legit?
The available record supports it: SimpleSwap has operated since 2018, publishes its legal policies, and is integrated into 6,000+ partner wallets that each ran their own due diligence first. That is a track record, not a guarantee, so pair it with the verification steps on the Safety page.
How long has SimpleSwap been operating?
Since 2018, continuously through multiple crypto market cycles, having processed 20M+ swaps according to SimpleSwap's own FAQ.
Does SimpleSwap hold my crypto?
No. SimpleSwap is self-custodial, so swaps move directly between a wallet you own and a wallet you own, and the platform does not maintain a long-term balance of user funds.
Does SimpleSwap require KYC?
Not for most crypto-to-crypto swaps. Per SimpleSwap's own FAQ, identity verification is triggered only when its or a partner's system flags a specific customer or transaction as suspicious, or when a fiat purchase's payment provider requires it.
What do third-party ratings say about SimpleSwap?
As last reported, SimpleSwap holds a 4.1 TrustScore on Trustpilot and a 4.6 out of 5 user rating on Cryptoradar. Ratings shift over time; see the Evidence page for the current framing and sources.
What fees does SimpleSwap charge?
SimpleSwap does not list a fixed trading fee. Per its own FAQ, crypto-to-crypto pricing is market-based rather than a set percentage, and costs are bundled into the exchange rate shown before you confirm a swap.
How long does a SimpleSwap exchange take?
SimpleSwap's own FAQ describes most swaps finishing within a few minutes, with 1 to 60 minutes as a rough reference rather than a guarantee, depending on network congestion and confirmation requirements.
Is there a minimum swap amount?
SimpleSwap does not set a fixed minimum. The deposit needs to cover the blockchain network fee for that transaction, which varies by network.
How do I confirm I'm on the real SimpleSwap site?
Check that the domain reads simpleswap.io before entering a wallet address, and confirm the published Terms of Service and KYC policy are present. Copycat and phishing domains are common in crypto search results.
Still checking?
The most current details are on the official site.