Comparison of Simpleswap vs Cointiger [ 2024 ]

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

Your expert: Alejandro Borja

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

Your expert: Xavier Tarrasó

cointiger

Cointiger

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

Investing risks losing your money

Main points

Fees

≈ 1,20%/2%

Earns

No

Customer service

3/5
0,08%/0,15%

Fees

No

Earns

3/5

Customer service


Recommended for

Beginners

Yes

Trading

No

Passive income

No

Buy and hold

Yes
No

Beginners

Yes

Trading

No

Passive income

No

Buy and hold


Comparison of fees

Rating

4.0 – Competitive fees with a focus on instant crypto swaps.
4.0 – Competitive fees with additional benefits for token holders.

Level

≈ 1,20%/2%
0,08%/0,15%

Brief explanation

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.
CoinTiger offers competitive trading fees with a clear and straightforward structure. For spot trading, the exchange charges a 0.15% fee for takers and a 0.08% fee for makers. This is quite favorable compared to the global average of around 0.25%. For futures trading, the fees are even lower, with makers paying 0.025% and takers paying 0.07%. CoinTiger also has a VIP system that offers tiered discounts based on trading volume, which can significantly reduce these fees. There are no deposit fees, but withdrawal fees vary depending on the cryptocurrency, with Bitcoin withdrawals costing 0.0005 BTC, which is below the industry average .

Simpleswap

simpleswap
Read simpleswap 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

Read simpleswap review

Cointiger

cointiger
Read simpleswap review
  • Year founded: CoinTiger was founded in 2017, establishing itself as a relatively mature player in the cryptocurrency exchange market .
  • Volume managed: CoinTiger has demonstrated significant trading volume, with a peak 24-hour trading volume reaching $673.3 million in October 2022, reflecting high activity and liquidity on the platform .
  • Number of users: The platform has amassed over 2 million users globally, indicating a broad user base and a significant level of trust from the community .
  • Reputation and reviews: Despite some mixed reviews, CoinTiger generally maintains a positive reputation in the crypto community, supported by its user-friendly platform and competitive fees .
  • Security methods: CoinTiger implements robust security measures, including two-factor authentication (2FA), cold storage for cryptocurrencies, and partnerships with security firms like John Wick Security Lab .
  • Pros
  • Robust security measures implemented.
  • Wide selection of cryptocurrencies available.
  • Competitive trading fees.
  • Cons
  • Customer service can be slow.
  • Complex interface for beginners.

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Product selection

Native token

No
No

Earns

No
No

NFT marketplace

No
No

Cripto/debit card

No
No

Company information

Full name

SimpleSwap Ltd
TAI YI INTERNATIONAL TECHNOLOGY PTE. LTD.

Regulation

Not regulated
Not regulated

Year founded

2018
2017

Founder

Unknown
Unknown

Payment methods

Transfers

No
No

Mastercard

No
No

Wire transfer

No
No

Card

No
No

Comparative table

Simpleswap FEATURES Cointiger
SimpleSwap supports flexible trading with no minimum deposit, making it accessible for casual users and beginners to start trading with any amount.
Minimum Trade
Allows low minimum trade amounts, making it accessible for beginners.
The platform operates with a straightforward fee structure but lacks the transparency of detailed fee breakdowns that might benefit users looking for cost efficiency.
Trading and Transaction Fees
Competitive fees but could be lower for high-volume traders.
Offers a wide variety of over 300 cryptocurrencies, providing users with extensive options for trading different digital assets.
Number of Cryptocurrencies
Supports over 150 cryptocurrencies, providing diverse trading options.
Supports numerous trading pairs, allowing for versatile crypto-to-crypto exchanges, though it could expand into more niche or emerging cryptocurrencies.
Crypto-to-Crypto Trading Pairs
Wide variety of trading pairs available, enhancing trading flexibility.
While the website is user-friendly, it could improve by providing more detailed information about the company’s background and operational logistics.
Website Transparency
Clear information available, but lacks detailed regulatory disclosures.
SimpleSwap focuses solely on cryptocurrency exchanges and does not provide additional financial tools like an exchange card, limiting its utility for everyday transactions.
Credit/Debit Card
Does not offer its own exchange card for purchases and benefits.
Provides secure storage options, though detailed information on security measures and storage capabilities could be more transparent.
Storage Offering
Provides secure storage with cold wallet options, ensuring asset safety.
Limited staking options and rewards are available, which could be enhanced to attract long-term investors.
Staking and Rewards
Offers staking options with competitive rewards, appealing to passive income seekers.
Offers a functional mobile app that is efficient and convenient for trading on the go, although further enhancements could improve user experience and features.
Mobile App and Desktop
User-friendly mobile app and desktop interface, facilitating easy access and trading.
Generally receives positive feedback for customer service, but could benefit from extended support hours and faster response times.
Customer Service
Limited support options and slow response times, needing improvement.
Crypto deposits and withdrawals are supported, but the addition of fiat options and reduction of withdrawal fees would improve this feature.
Deposit and Withdraw
Supports various deposit and withdrawal methods but can face delays.

Key features

Analysis tools

No trading tools, primarily a swap service
Basic charting tools, technical indicators

Mobile APP

No
No

Security

High 4,5/5
High 4/5

Additional features

Instant crypto swaps, SimpleSwap Earn, loyalty program
Margin trading, futures trading, staking, CoinTiger token (TCH) rewards

Anonymity

Yes
Yes

Key points

Available cryptocurrencies

300+
100+

User-friendliness

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.
CoinTiger offers a user-friendly platform that is easy to navigate, making it suitable for beginners. The interface is designed to facilitate a smooth trading experience with all necessary features easily accessible.

Value for money

Delivers good value for money with competitive fees and a straightforward swapping service, making it an easy option for quick trades.
Offers good value for money with competitive fees and a wide range of supported cryptocurrencies, making it an affordable option for traders.

Countries of operation

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

Best for

Best for traders looking for a straightforward and quick cryptocurrency swapping service with competitive fees.
Best for traders seeking a platform with a wide range of cryptocurrencies and competitive fees.

Base currencies available

BTC, ETH (varies by transaction)
USDT, BTC

Account

Trading

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.
CoinTiger offers a wide range of cryptocurrencies and advanced trading tools. It has competitive fees but lower liquidity compared to larger exchanges.

Deposit and withdrawal

SimpleSwap is a non-custodial exchange known for its fast transactions. It supports various deposit methods, and withdrawals are processed quickly with low fees.
CoinTiger offers multiple deposit options like bank transfers and cryptocurrencies. Withdrawals are processed quickly, with competitive fees.

Account opening process

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.
CoinTiger provides a seamless account registration process. Users need to fill out personal details and verify their identity. The process is fully digital and typically takes less than a day to complete.

KYC required?

No
No

Customer Service

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.
CoinTiger provides support via email and live chat. The support team is responsive and available 24/7, ensuring users get timely assistance.

Security

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.
CoinTiger ensures security with 2FA and cold storage. However, it is not regulated by top-tier financial authorities, which might be a concern for some users.

Which of these exchanges is for you?

alejandro-borja-analista-de-brokers.webp

Alejandro Borja

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.
Xavier-tarraso-mascarell.jpg

Xavier Tarrasó

As an expert on our website, I recommend CoinTiger for its diverse range of cryptocurrencies and user-friendly mobile app, which make trading accessible for both beginners and experienced users. However, it’s important to be aware of some limitations, such as slower customer support response times and regulatory transparency. Overall, CoinTiger is a solid choice for those looking to explore a wide variety of digital assets with ease.

View all comparisons against Simpleswap

View all comparisons against Cointiger

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.

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