Comparison of Coins.Ph vs Simpleswap [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the Coins.Ph vs Simpleswap comparison!

Your expert: Alejandro Borja

Coins.ph

Coins.Ph

  • Threenvest valuation: 3,7/5
  • US legal: No
  • Security: High 4,6/5
  • Mobile App: Yes
Go exchange

Investing risks losing your money

Your expert: Xavier Tarrasó

simpleswap

Simpleswap

  • Threenvest valuation: 3,5/5
  • US legal: No
  • Security: High 4,5/5
  • Mobile App: No
Go exchange

Investing risks losing your money

Main points

Fees

≤3,99%

Earns

Yes

Customer service

4/5
≈ 1,20%/2%

Fees

No

Earns

3/5

Customer service


Recommended for

Beginners

Yes

Trading

No

Passive income

Yes

Buy and hold

Yes
Yes

Beginners

No

Trading

No

Passive income

Yes

Buy and hold


Comparison of fees

Rating

3.8 – Reasonable fees with strong local support in the Philippines.
4.0 – Competitive fees with a focus on instant crypto swaps.

Level

≤3,99%
≈ 1,20%/2%

Brief explanation

Coins.ph maintains a simple and transparent fee structure, which is a significant advantage for users. The platform charges a spread on buy and sell transactions, typically around 0.5% to 1%, which is competitive within the industry. This spread varies depending on the specific cryptocurrency and market conditions. Additionally, for transactions such as sending money or paying bills directly from the wallet, minimal fees are applied, which are clearly outlined on their website. This approach helps users manage their costs effectively while engaging in various cryptocurrency transactions.
SimpleSwap’s commission structure is streamlined to cater primarily to crypto-to-crypto transactions. It charges a variable fee for each transaction, which typically ranges from 0.1% to 0.5% depending on the specific cryptocurrencies involved and market conditions. This fee is integrated into the exchange rate displayed at the time of the transaction, ensuring transparency. The platform does not impose additional fees for deposits or withdrawals in cryptocurrencies, which is a significant advantage for users looking to minimize costs. However, users should be aware of network fees determined by the blockchain of the cryptocurrency being used, which are not controlled by SimpleSwap but are necessary for processing the transactions on the respective networks.

Coins.Ph

Coins.ph
Read Coins.ph review
  • Regulated Security: Coins.ph operates under the regulatory oversight of the Bangko Sentral ng Pilipinas (BSP), ensuring compliance with local financial regulations and standards.
  • High Trading Volume and Liquidity: Coins.ph consistently shows robust trading volumes, demonstrating a healthy trading environment which indicates reliability and a stable trading platform.
  • Reputation and Reviews: Having established a significant presence since 2014, Coins.ph is well-regarded for its service quality and customer focus, with positive reviews from a vast user base across the Philippines.
  • Transparency: Coins.ph maintains a high level of transparency in its operations, particularly with clear information on fees and the security measures it employs to protect user assets.
  • Customer Service: The platform is known for its excellent customer support, providing users with a reliable resource for any issues or inquiries, which enhances user trust and satisfaction.
  • Pros
  • Regulated by Central Bank of Philippines.
  • Over 50 diverse trading assets.
  • Low fees among licensed exchanges.
  • Cons
  • Limited to Philippines and Thailand.
  • Lacks advanced trading features.

Read Coins.ph review

Simpleswap

simpleswap
Read Coins.ph review
  • Security Methods: SimpleSwap ensures security by utilizing standard encryption protocols and security measures, safeguarding user transactions and data from unauthorized access.
  • Number of Cryptocurrencies: Supporting over 300 cryptocurrencies, SimpleSwap provides a diverse and extensive range of trading options, which speaks to its robustness and adaptability in the dynamic crypto market.
  • Trading Volume and Liquidity: Although specific numbers on trading volume aren't disclosed, the variety of cryptocurrencies supported and the platform's ability to fulfill swap requests promptly suggest a healthy level of liquidity.
  • Customer Service: SimpleSwap offers reliable customer support, which is crucial for user trust. Their support is accessible and designed to assist users with any issues or questions they may encounter.
  • Reputation and Reviews: The platform has gained positive reviews from users for its ease of use and efficiency. These testimonials build credibility and trust among potential and existing users, highlighting SimpleSwap's commitment to user satisfaction.
  • Pros
  • User-friendly interface
  • Supports many cryptocurrencies
  • No registration required
  • Cons
  • No fiat currency support
  • Limited trading features

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Product selection

Native token

No
No

Earns

Yes
No

NFT marketplace

No
No

Cripto/debit card

No
No

Company information

Full name

Betur Inc. dba Coins.ph
SimpleSwap Ltd

Regulation

Regulated in Filipinas
Not regulated

Year founded

2014
2018

Founder

Ron Hose
Unknown

Payment methods

Transfers

No
No

Mastercard

No
No

Wire transfer

No
No

Card

No
No

Comparative table

Coins.Ph FEATURES Simpleswap
The minimum trade amount varies by cryptocurrency, with popular currencies like Bitcoin having very small minimum requirements, allowing for micro-transactions.
Minimum Trade
SimpleSwap supports flexible trading with no minimum deposit, making it accessible for casual users and beginners to start trading with any amount.
Coins.ph charges competitive rates, typically lower than many other licensed exchanges in the region. This includes a spread on buy/sell transactions and minimal fees for crypto transfers.
Trading and Transaction Fees
The platform operates with a straightforward fee structure but lacks the transparency of detailed fee breakdowns that might benefit users looking for cost efficiency.
Coins.ph offers over 50 cryptocurrencies, providing a diverse range of options for traders.
Number of Cryptocurrencies
Offers a wide variety of over 300 cryptocurrencies, providing users with extensive options for trading different digital assets.
The platform supports numerous trading pairs involving major cryptocurrencies and Philippine Pesos, catering extensively to local market needs.
Crypto-to-Crypto Trading Pairs
Supports numerous trading pairs, allowing for versatile crypto-to-crypto exchanges, though it could expand into more niche or emerging cryptocurrencies.
The Coins.ph website provides clear information on fees, processes, and security measures, enhancing user trust and compliance transparency.
Website Transparency
While the website is user-friendly, it could improve by providing more detailed information about the company’s background and operational logistics.
Coins.ph does not offer an exchange card for in-store purchases.
Credit/Debit Card
SimpleSwap focuses solely on cryptocurrency exchanges and does not provide additional financial tools like an exchange card, limiting its utility for everyday transactions.
Coins.ph offers a secure digital wallet service with robust security measures including 2FA. Highly secure with a user-friendly interface.
Storage Offering
Provides secure storage options, though detailed information on security measures and storage capabilities could be more transparent.
Currently, Coins.ph does not offer staking services for earning rewards on crypto assets. This is a significant area for potential growth and user engagement.
Staking and Rewards
Limited staking options and rewards are available, which could be enhanced to attract long-term investors.
Both mobile and desktop interfaces are available, with the mobile app being particularly praised for its user-friendly design. Excellent accessibility and usability across devices.
Mobile App and Desktop
Offers a functional mobile app that is efficient and convenient for trading on the go, although further enhancements could improve user experience and features.
Known for its effective customer service with multiple channels including live chat and email support. While generally good, there is room for faster response times and extended support hours.
Customer Service
Generally receives positive feedback for customer service, but could benefit from extended support hours and faster response times.
Users can easily deposit and withdraw funds using various methods including bank transfers, credit/debit cards, and even through physical retail partners. Highly accessible but could benefit from reduced fees and faster processing times for certain methods.
Deposit and Withdraw
Crypto deposits and withdrawals are supported, but the addition of fiat options and reduction of withdrawal fees would improve this feature.

Key features

Analysis tools

Basic tracking and charting
No trading tools, primarily a swap service

Mobile APP

No
No

Security

High 4,6/5
High 4,5/5

Additional features

Crypto-to-fiat services, bill payments, mobile top-ups, staking
Instant crypto swaps, SimpleSwap Earn, loyalty program

Anonymity

No
Yes

Key points

Available cryptocurrencies

10+
300+

User-friendliness

Features a simple and user-friendly interface that is suitable for beginners. The platform focuses on making cryptocurrency trading accessible and easy to understand.
SimpleSwap features an intuitive and user-friendly interface that is easy to navigate, making it suitable for beginners. The platform focuses on providing a seamless trading experience.

Value for money

Provides good value for money with competitive fees and strong local support in the Philippines, making it a good choice for regional users.
Delivers good value for money with competitive fees and a straightforward swapping service, making it an easy option for quick trades.

Countries of operation

Philippines
Global, including United States, Canada, United Kingdom, Australia, Germany

Best for

Suitable for users in the Philippines looking for a reliable platform with local support and competitive fees.
Best for traders looking for a straightforward and quick cryptocurrency swapping service with competitive fees.

Base currencies available

PHP, BTC
BTC, ETH (varies by transaction)

Account

Trading

Coins.ph is a popular exchange in the Philippines, offering easy fiat integration and a user-friendly platform. It supports a decent range of cryptocurrencies but has higher fees.
SimpleSwap is a non-custodial exchange known for its fast and anonymous transactions. It offers a wide range of cryptocurrencies but lacks advanced trading features and tools.

Deposit and withdrawal

Coins.ph is popular in the Philippines, offering easy fiat and cryptocurrency deposit methods. Withdrawals are processed efficiently, with competitive fees.
SimpleSwap is a non-custodial exchange known for its fast transactions. It supports various deposit methods, and withdrawals are processed quickly with low fees.

Account opening process

Coins.ph offers a seamless and user-friendly account opening process. Users need to provide personal information, verify their identity, and typically get their account approved within a day. It’s efficient and secure.
SimpleSwap offers an easy and quick account registration process. Users need to submit personal details and verify their identity. The process is fully digital and typically takes less than a day to complete.

KYC required?

Yes
No

Customer Service

Coins.ph offers support through email and live chat. The response time is quick, and the support team is available 24/7, making it reliable for users in the Philippines.
SimpleSwap offers customer support via email and live chat. The response time is quick, but the support team is not available 24/7, which may be a drawback for some users.

Security

Coins.ph offers robust security features, including 2FA and cold storage. It is regulated by Philippine authorities, providing a secure environment for investors.
SimpleSwap offers strong security with 2FA and encryption. Despite its robust security measures, the platform is not regulated by top-tier financial authorities, which could be a concern for some investors.

Which of these exchanges is for you?

alejandro-borja-analista-de-brokers.webp

Alejandro Borja

As an expert analyzing Coins.ph, I highly recommend this platform for users in the Philippines and Thailand looking for a user-friendly and secure way to engage with cryptocurrencies. Its integration with local financial services, compliance with regulatory standards, and competitive fees make it an excellent choice for both new entrants and seasoned traders in the crypto space. Whether you’re looking to simply buy and sell crypto or use it for everyday transactions like bill payments and remittances, Coins.ph provides a reliable and convenient service.
Xavier-tarraso-mascarell.jpg

Xavier Tarrasó

As an expert on cryptocurrency exchanges, I find SimpleSwap to be a commendable platform for those just starting with cryptocurrencies. Its straightforward and intuitive interface removes much of the complexity typically associated with crypto trading. This accessibility makes it an excellent choice for newcomers who might be overwhelmed by more advanced trading platforms. However, it’s important to note that while SimpleSwap excels in simplicity and ease of use, it may not fully satisfy the needs of more seasoned traders looking for advanced trading tools and features. For those just entering the crypto space, SimpleSwap offers a gentle introduction without the intimidating barriers to entry seen in other exchanges.

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How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

 

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).


For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

More comparatives Coins.Ph and Simpleswap