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

Trying to choose between Raydium 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 September 7, 2025

Raydium

Simpleswap

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United States

Europe

Yes

Latin America

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India

Yes

China

Yes

Canada

United Kingdom

Yes

United States

Yes

Europe

Yes

Latin America

Yes

India

China

Yes

Canada

Yes

United Kingdom

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Raydium is ideal if:

If you thrive in the Solana ecosystem, Raydium’s high-speed, low-cost swaps and deep liquidity integration make it a natural fit.
If you're focused on strategic DeFi participation, its Fusion Pools and community-driven token offerings offer advanced, flexible yield opportunities.
If you value non-custodial trading with order-book precision, Raydium’s hybrid AMM design delivers professional execution without sacrificing decentralization.

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.

Raydium isn’t ideal if:

If you prefer multi-chain access, Raydium’s strong Solana reliance may feel limiting compared to DEXs that support Ethereum, BNB Chain, or others.
If transparency matters deeply to you, Raydium’s largely anonymous founding team can raise concerns about long-term accountability.
If you prioritize ultra-robust security, ongoing DeFi exploit risks and Solana-dependency may be a deterrent despite audits.

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

fee tiers & native-token discounts Raydium applies a straightforward spot trading fee (maker and taker both), typically around 0.25%, with pools varying based on design—some concentrated-liquidity or specialty pools offer lower tiers down to 0.01%, and fees funnel back into liquidity rewards and RAY buybacks, though no explicit discount for using RAY is mentioned in their core documentation.

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/taker & funding During its futures/perpetuals beta phase via the Orderly Network, Raydium offered remarkably low costs—0% maker fees and 0.025% taker fees—supported by Solana’s gas-free environment; funding rates weren’t prominently disclosed, suggesting they might align with market norms or be negotiated per contract.

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

Thanks to its AMM structure integrated with the OpenBook order book, Raydium delivers competitive pricing and tight spreads on high-liquidity pairs like BTC/USDT or ETH/USDT, leveraging deep order flow to minimize slippage and price impact for traders.

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

Raydium does not support fiat on-ramps or off-ramps—it operates strictly in crypto, so users must first acquire assets on other platforms; this means no direct methods, no fiat fees or timing to report, as all funding must occur via SPL-compatible wallets.

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

Withdrawals on Raydium only incur blockchain network (“gas”) fees, which are dynamic depending on Solana network pressure; there’s no fixed withdrawal fee from the protocol itself, so you only pay the variable SOL-based cost for execution.

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 essentially no hidden or extra fees on Raydium—no conversion or inactivity charges and no KYC express or expedited processing costs—since user assets remain self-custodied, and the protocol maintains a fully decentralized, permissionless stance without such financial add-ons.

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

Imagine buying €500 worth of BTC via Raydium: you’d first swap an equivalent amount of crypto—incurring a ~0.25% swap fee plus minimal slippage—then withdraw BTC to your wallet, paying only the on-chain SOL network fee; there’s no fiat fee, and all costs stay modest and transparent.

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

Raydium supports over a thousand SPL-based tokens and boasts more than a thousand trading pairs, while its top 20 pairs by volume typically include heavy hitters within the Solana ecosystem with significant liquidity and trade activity.

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

Raydium delivers core DeFi services such as spot swaps, staking, yield farming, token launchpad (AcceleRaytor), concentrated liquidity provisioning (Fusion Pools), and perpetual futures trading—all within a self-custodial, on-chain environment.

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

24h Volume & Book Depth Raydium often records daily volumes in the tens to hundreds of millions of dollars, supported by combined pool and order-book liquidity, which ensures ample depth—especially for major assets like BTC-SOL or ETH-SOL equivalents on Solana.

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

Users benefit from advanced trading features like limit orders, integration with OpenBook’s on-chain order book, real-time trading analytics, and straightforward interaction via wallet-connected interfaces, though classic charting tools like TradingView aren’t native.

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 decentralized features of Raydium—especially derivatives or token launches—may be inaccessible to residents of restricted territories such as the U.S. and others, while core swapping and staking remain broadly available

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

Raydium stands out with its permissionless launchpad for token offerings and the option for flexible vs locked staking; launch initiatives like AcceleRaytor and concentrated liquidity pools offer dynamic ways to participate in emerging projects.

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

Raydium is developed by a decentralized team operating under Solana’s framework, without a publicly registered corporate entity or formal headquarters, reflecting typical DeFi protocol structure.

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 protocol does not hold formal regulatory licenses like VASP or MiCA registration, operating instead as a permissionless DeFi platform without centralized oversight.

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

Users retain full self-custody of their assets with no third-party custody; while audits and bug bounty programs bolster confidence, there’s no published proof of reserves or specified cold storage ratio.

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’s no on-chain insurance or formally designated protection fund from Raydium—risk mitigation relies on community governance, audits, and bounty incentives rather than external insurance mechanisms.

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

In late 2022, Raydium suffered a significant liquidity exploit (~$5M) due to a private key compromise, after which emergency governance steps and DAO-funded compensation were enacted to address losses.

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

Smart contracts are controlled via upgradeable programs safeguarded by Squads multisig; there’s an active bug bounty system, but typical end-user protections like 2FA, whitelists, or API permission tiers are not part of its non-custodial design.

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 maintains visible on-chain admin controls, regular audit disclosures, and governance updates, but does not provide formal monthly reports or SLAs—transparency is primarily through protocol documentation and community channels.

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

Raydium does not support any fiat deposit methods—no bank transfer, card, or e-wallet options—so users must initially acquire crypto elsewhere before interacting with the protocol.

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

Raydium does not support any fiat deposit methods—no bank transfer, card, or e-wallet options—so users must initially acquire crypto elsewhere before interacting with the protocol.

KYC (Verification Levels)

Being a decentralized protocol, Raydium requires no KYC at any level—there are no identity verification steps, thus no transaction limits or tiers tied to KYC status.

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

Limits, Timing & Networks

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

Raydium offers support through a help center, email, and active community forums like Discord and Telegram, but does not provide 24/7 live chat or guaranteed response times.

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

Raydium’s interface is primarily provided in English, with no native Spanish support, no fiat-denominated pricing, and no country-specific localization features for regulatory compliance or currency display.

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

Raydium’s mobile app supports full DeFi functionality with a smooth interface and high responsiveness; while exact crash metrics aren’t published, user feedback indicates consistent performance and frequent feature refinements.

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

Raydium’s revamped V3 interface delivers a cleaner, more intuitive navigation, consolidating pools, dashboards, and portfolio elements into one layout; while it doesn’t offer separate “Lite” or “Pro” modes, the design balances simplicity for newcomers with advanced routing features beneficial to experienced DeFi users.

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

With Solana’s high throughput under the hood, Raydium provides fast order execution and smooth interface performance, though network congestion on Solana can occasionally introduce delays during extreme volatility or 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

Raydium offers educational content through its Academy and governance forums, but lacks built-in demo or simulator tools and has limited Spanish-language resources, relying mostly on English documentation and community translations.

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

Raydium maintains an active base across Discord, Telegram, Twitter, and governance town halls, fostering strong community engagement and support—though it doesn’t currently offer a formal referral program.

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

Raydium supports SDK and API access, allowing third-party integration with tax platforms, external bots, and accounting tools; however, it lacks native TradingView integration, so charting relies on built-in graph elements or external platforms.

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

Raydium shines for users immersed in the Solana ecosystem who value fast, composable DeFi trading and liquidity tools, while casual crypto users or those seeking multi-chain, fiat-based simplicity may find interfaces like centralized exchanges or cross-chain DEXs more accessible.

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.