Cryptology vs Simpleswap: Fees, Security, Features & Which to Choose (2025)

Trying to choose between Cryptology and Simpleswap This side-by-side comparison reveals total cost (fees + spreads), security & licenses, coins/derivatives, deposits/withdrawals, and app quality. In 2 minutes you’ll see who wins for beginners, active traders, and long-term holders. Clear pros/cons, a quick verdict, and safe links to get started.

Last updated on August 16, 2025

Cryptology

Simpleswap

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Available Countries

United States

Europe

Yes

Latin America

Yes

India

Yes

China

Canada

United Kingdom

Yes

United States

Yes

Europe

Yes

Latin America

Yes

India

China

Yes

Canada

Yes

United Kingdom

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Cryptology is ideal if:

User-Friendly Design Enjoys a clean, intuitive interface accessible via both web and mobile.
Security-Focused Traders with Passive Income Interests Values strong asset protection and optional “Earn” products for passive rewards.
Active Crypto Traders (Main Markets) Frequently trades top cryptocurrencies and appreciates streamlined spot/futures access.

Simpleswap is ideal if:

Great for quick, no-registration swaps: Ideal if you want to exchange coins swiftly and privately, without creating an account or going through KYC.
Perfect for privacy-focused users: Its non‑custodial design helps you maintain full control over your assets throughout the transaction.
Suited for users exploring a wide range of coins: Offers an expansive selection of crypto assets—from mainstream to lesser-known altcoins—making it handy for flexibility and experimentation.

Cryptology isn’t ideal if:

You expect fiat support or seamless withdrawals. The platform currently focuses almost exclusively on crypto-only operations, offering limited or no traditional fiat on/off-ramps.
You're after highly advanced trading tools. While competent for spot and basic derivatives, it lacks the level of professional-grade order types and analytics some high-volume traders demand.
You rely on robust global regulatory backing. Though secure in many respects, Cryptology doesn’t operate under a prominent financial regulator, which might concern users seeking widespread licensing.

Simpleswap isn’t ideal if:

Not for beginners needing fiat on-ramps: If you don’t already own crypto, SimpleSwap doesn’t support seamless fiat-to-crypto purchases without extra partner steps.
Limited for advanced traders: No margin, futures, charting tools, or sophisticated order types—only basic instant swaps.
Less suitable during network congestion: Transactions can slow when blockchains are busy, affecting speed and predictability.

Fees & Total Costs

Spot Maker/Take

Both maker and taker fees are a flat 0.20% across all spot volume tiers, with no indication of discounts via a native token.

SimpleSwap doesn’t distinguish between maker and taker fees—instead, all costs are embedded within the quoted exchange rate, so there are no separate fee tiers or native-token discounts to worry about.

Futures/Derivatives

Maker fee is 0.025% and taker fee is 0.05% for perpetual futures contracts; funding costs are included within maintenance margin and not itemized separately.

SimpleSwap does not offer futures or other derivatives at all, so there are no associated maker, taker, or funding fees to consider.

Average Spreads on Liquid Pairs

Average spreads for major pairs like BTC/USDT or ETH/USDT are moderate, reflecting standard market conditions with no unusually high slippage.

Spread details aren’t openly published, but market comparisons suggest a mark-up hovering around 1.2%, meaning the price you see already includes a slight premium over market rates.

Fiat Deposits & Withdrawals

You can deposit via debit or credit card (3.53% fee, €5 / $5 minimum), SEPA (0.45% fee, €1 minimum in select European countries), or wire transfer (no fee, from €25 / $25 minimum for fully verified users); fiat withdrawals cost €7 for SEPA EUR and $7 for USD (Unlimint only).

Fiat transactions are handled via a partner (like Mercuryo), typically using Visa or Mastercard, with fees built into the exchange rate and shown upfront—there’s no platform-stated flat rate or set timing for processing.

On-chain Withdrawals

Crypto withdrawals incur fixed network fees—for instance, BTC

There’s no separate withdrawal fee charged by SimpleSwap—only the blockchain’s own network (gas) fees apply, which vary by network and reflect real-time congestion levels.

Hidden Costs

There are no hidden conversion fees, inactivity charges, or KYC-express surcharges; fee structure is transparent for each transaction type.

There are no inactive-account fees or express-KYC charges; any currency conversion or rate-related cost is already baked into the exchange price, so you face no surprises beyond the displayed rate.

Real-World Cost Example: “€500 BTC

If you buy €500 of BTC using a card (3.53% deposit fee) plus spot fee (0.20%), then withdraw on-chain (0.0005 BTC network fee), your total cost bundles the deposit charge, trading fee, and network transfer.

If you exchange €500 to BTC, the platform displays the rate including a small mark-up (around 1–2%) at the time, and then the final BTC received reflects that pricing, minus network fees; there are no extra line-item charges added afterward.

Crypto Offering & Trading Features

Number of Coins & Pairs

Cryptology supports around 237 cryptocurrencies and roughly 260 trading pairs, with top-volume pairs including BTC/USDT, ETH/USDT, ETH/EUR, and BTC/BUSD—reflecting a diverse and liquid selection.

SimpleSwap supports over 1,500 cryptocurrency assets for instant swaps; while there’s no public list of the top 20 by trading volume, it’s safe to infer that mainstream heavyweights like BTC, ETH, USDT-based pairs, and other popular altcoins lead the most frequently exchanged.

Product Range

Cryptology provides spot trading, margin with leverage up to 100x, and perpetual futures contracts; it also features both custodial and non-custodial staking options plus a crypto debit card, though options, ETFs, loans, copy-trading, grid bots, and automated DCA are not offered.

SimpleSwap is designed solely for instant, spot crypto-to-crypto swaps and staking through integrated programs; it does not offer margin, futures/perps, options, crypto ETFs, lending, copy trading, grid bots, or automated DCA features.

Liquidity

The platform sees approximately $166 million in daily trading volume (about 1,412 BTC), and its order books for BTC and ETH exhibit reasonable depth, indicative of moderate liquidity for most mid-sized trades.

Exact liquidity metrics like 24-hour trading volume or order-book depth aren’t published, but SimpleSwap sources liquidity from multiple partner exchanges, enabling smooth execution for BTC and ETH swaps via aggregation rather than a unified internal book.

Tools

Cryptology supports basic order types like limit and market (with margin/perpetuals), and has recently introduced a beta version of trading bots for futures; however, advanced features—such as OCO orders, built-in TradingView charts, alerts, or a public API/WS—are not prominently available.

The platform is minimalist—neither limit nor OCO orders are available beyond fixed-and-floating rate swaps; it lacks advanced charting or alerts, though it does offer integration tools like APIs and widgets rather than a native TradingView interface.

Geographic Restrictions by Product

Certain products—especially derivatives—are not accessible in restricted countries like the United States, among others; the platform selectively limits features based on user location.

Since SimpleSwap doesn’t offer derivatives, there are no region-based limitations on those products specifically, but its fiat-to-crypto service is restricted in a set of countries flagged by regulatory or partner limitations.

Innovation

Cryptology offers staking and a crypto debit card, and has rolled out a beta version of trading bots; however, there is no launchpad, launchpool, or differentiated “Earn” structures (flexible vs locked) currently available.

While SimpleSwap doesn’t run launchpads or launchpools, it does innovate in passive earning via its loyalty and affiliate programs, offering flexible cashback and staking-like benefits rather than locking funds into fixed-term products.

Security, Regulation & Custody

Operating Entity & Jurisdiction

Cryptology is operated by a company legally registered in Lithuania (initially launched in January 2018), with its operations based out of Singapore—combining East Asia market presence with EU incorporation.

SimpleSwap is operated by SimpleSwap Limited, established in 2018 and based in George Town, Cayman Islands, functioning under that jurisdiction while also listing a U.S. office in San Francisco for support operations.

Licenses/Registration

The platform does not currently hold specific VASP or MiCA licensing, operating instead under general company registration without explicit crypto-asset service provider accreditation.

The platform operates under money transmitter licenses where applicable, respecting relevant regulatory frameworks without explicitly holding licensing such as VASP registration or MiCA compliance, though its services may vary regionally to meet local requirements.

Custody

Assets are custodied internally, with no public proof-of-reserves reports or formal third-party audits; the use of cold storage is mentioned informally but no reserve percentages are published.

As a non-custodial exchange, SimpleSwap never holds user assets, reducing exposure to custodial risks; the platform does not currently offer public Proof of Reserves, cold reserve percentages, or external audit disclosures.

Insurance & Protection Funds

There is no disclosed insurance coverage or user protection fund backing custodial assets in case of loss or theft.

There is no public program offering insured coverage or asset protection funds—security relies on infrastructure practices like SSL encryption and secure transaction channels rather than third-party insurance.

Incident History

No major hacks, service suspensions, account freezes, or regulatory fines are publicly recorded, suggesting a relatively clean operating record to date.

SimpleSwap has maintained a clean record—no documented security breaches, funds seizures, or regulatory enforcement actions appear in public sources, reflecting a history free from major incidents.

Risk Controls

Users benefit from standard security features—2FA, anti-phishing protection, whitelisting addresses, and tiered verification layers—but there is no mention of sub-accounts or highly granular API access controls.

The platform enforces strong security protocols including SSL encryption, optional two-factor authentication for added account safety, and compliance-driven KYC escalation in higher-risk cases; however, features like address whitelists, sub-accounts, granular API controls, or anti-phishing mechanisms are not prominently offered.

Transparency

The platform does not provide monthly transparency reports, public wallet addresses, or service-level guarantees (SLAs), reflecting moderate transparency versus leading regulated exchanges.

SimpleSwap does not provide regular reporting like monthly reports or SLAs, nor does it maintain public wallet addresses; its transparency relies on its non-custodial structure and clear service terms rather than open reserve disclosures or performance metrics.

Deposits, Withdrawals, KYC & Support

Fiat Deposit Methods

Users can fund their Cryptology account using wire transfers or credit/debit cards, with minimum and maximum amounts dependent on region and provider; transfer times vary from minutes (card) to multiple days (bank transfers).

SimpleSwap supports fiat deposits exclusively through its partner Mercuryo, typically via Visa or Mastercard, including virtual, debit, and credit cards, zero stated minimums or maximums, and instant payment processing, though processing limits are influenced by third-party policies.

Supported Fiat Currencies & Conversion

KYC (Verification Levels)

The platform mandates KYC for full access, typically distinguishing between basic and advanced verification tiers—each unlocking progressive withdrawal and deposit privileges—while unverified accounts face tight restrictions.

SimpleSwap enables anonymous crypto-to-crypto swaps without KYC, but using fiat services or large transactions may trigger partner-enforced identity verification (e.g., basic KYC via Mercuryo) depending on risk assessments, without predefined tiers disclosed.

Withdrawals

Crypto withdrawals operate across major networks (like ERC-20, TRC-20, BEP-20), with limits and processing speeds that vary by currency, and clearer throughput for popular chains like Ethereum versus slower ones like Bitcoin.

Since SimpleSwap is non-custodial, withdrawals simply reflect on-chain transfers to your wallet, with no platform-imposed limits; completion typically takes between several minutes up to an hour depending on network load and chosen blockchain.

Customer Support

Support is available via both live chat and email, with a comprehensive knowledge base that includes FAQs and tutorials; while live chat is accessible most hours, more complex ticket responses may take several hours.

SimpleSwap offers 24/7 live chat and email support with generally fast response times, backed by a detailed FAQ and blog guides that serve as a robust self-help resource.

Languages & Localization

The platform’s interface is primarily in English, with fees shown in USD or EUR; although not fully localized regionally, it ensures clarity for international traders rather than catering to local regulatory taxonomies.

The platform is available in around 10 languages on the website (with app support in 6), displays pricing and rates in common fiat like EUR or USD based on your region, while service availability is tailored to local regulatory environments.

App Quality & Stability

The Cryptology app offers solid performance with consistent updates and a generally stable user experience; while exact crash rates are undisclosed, user feedback indicates reliable functionality across both iOS and Android.

SimpleSwap’s mobile app is designed for smooth, user-friendly crypto swaps and applies the same core functionalities as the web platform; while precise crash rates aren’t published, user feedback reports high stability and ongoing updates to expand asset availability and app performance.

Experience, Performance & Ecosystem

UX/UI

The platform presents a clean and intuitive interface that accommodates both beginners and seasoned users naturally, though it doesn’t explicitly offer separate “Lite” or “Pro” modes to tailor complexity levels.

SimpleSwap’s interface shines with its minimalist design—there’s no “Lite” or “Pro” toggle, but the intuitive layout makes the learning curve nearly nonexistent, allowing users of all levels to initiate swaps quickly and effortlessly on both desktop and mobile.

Performance

Cryptology generally delivers swift order execution with minimal delay, and although it has maintained resilience during volatility spikes, some users note that processing times (e.g., KYC) can slow slightly in high-traffic periods.

The platform generally executes instant swaps with low latency by sourcing multiple liquidity providers; while it doesn’t face order system overloads, swaps may take slightly longer during high blockchain congestion—there’s no bulk KYC process since accounts aren’t required.

Education

The platform includes a knowledge base and blog in English and Chinese, but does not currently provide a demo or simulator mode, nor does it offer educational content explicitly in Spanish.

SimpleSwap offers robust educational support via its blog, guides, and FAQs—but lacks demo or simulator tools; however, it caters to Spanish speakers with translated articles and interface options for enhanced accessibility.

Community

There’s an active official Telegram group and news channel that serve as community hubs, and a referral program is available offering rewards for sign-ups, though broader social platforms or formal forums are not prominently featured.

Community engagement thrives through its ambassador and affiliate programs, offering users access to private Telegram groups, content support, and cashback incentives—though public forums or Discord channels aren’t prominently advertised.

Integrations

While direct integration with TradingView, external bots, or tax/accounting tools isn’t offered, users can still manage external wallets or tools independently without integrated support.

SimpleSwap doesn’t embed TradingView charts or offer native bot support, but it does provide a transparent API and widget for smooth integration with external tools and developer workflows; no built-in tax or accounting tools are included.

Who Each One Is Best For

Cryptology suits traders who appreciate a straightforward, secure interface and active community touchpoints through Telegram, but those seeking educational tools in Spanish, advanced charting integrations, or demo features might prefer more specialized platforms.

SimpleSwap is ideal for both newcomers and seasoned crypto users who value instant, no-account swaps with strong privacy and multi-language support—especially useful when speed, simplicity, and broad coin access matter more than advanced trading tools.