SimpleSwap.io VS Gate.io

Compare SimpleSwap.io VS Gate.io and see what are their differences

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SimpleSwap.io

SimpleSwap is an instant cryptocurrency exchange without sign-up and upper-limits.

Gate.io

Gate.io is dedicated to security and your experience, offering you not only a secure, simple and fair Bitcoin exchange but also promising to safeguard your asset and trading information.

Landing page //
2023-02-07

SimpleSwap is an instant cryptocurrency exchange. The service is free from sign-up and has a user-friendly interface that provides an easy exchange process. SimpleSwap offers more than 900 crypto and fiat currencies.

SimpleSwap has a Mobile App that is available on two platforms: iOS and Android.

Taking part in the SimpleSwap Loyalty Program you can receive a cashback in BTC. Moreover, service has introduced Invite system recently, which gives an ability to get cashback for you and your fellows. Also the platform offers its customers and partners an Affiliate Program with API, referral links, and widgets available.

SimpleSwap is available in 10 languages.

Landing page //
2023-07-14

SimpleSwap.io

Website: simpleswap.io
Pricing URL: -
Platforms: Web Android iOS
Release Date: 2018 April

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Gate.io

Website: gate.io
Pricing URL: Official Gate.io Pricing
Platforms: -
Release Date: 2013 January
Startup details
Country: United States
State: Illinois
City: Malta
Employees: 100 - 249

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SimpleSwap.io features and specs

User-Friendly Interface
SimpleSwap.io has an easy-to-navigate and clean interface, making it accessible for both beginner and experienced crypto users.
No Account Registration
Users can swap cryptocurrencies without needing to register an account, ensuring privacy and quick transactions.
Wide Range of Supported Cryptocurrencies
SimpleSwap.io supports a large number of cryptocurrencies, providing flexibility for users who want to exchange various types of digital assets.
Fixed and Floating Rates
The platform offers both fixed and floating exchange rates, allowing users to choose the option that best suits their needs.
Affiliate Program
SimpleSwap.io provides an affiliate program where users can earn commissions for referring new users, offering an additional income stream for users.
24/7 Customer Support
The platform offers round-the-clock customer support to assist users with any queries or issues they may encounter.

Possible disadvantages of SimpleSwap.io

Higher Fees
Compared to traditional exchanges, SimpleSwap.io may have higher fees, especially when using the fixed rate option.
Lack of Advanced Trading Features
SimpleSwap.io is designed for straightforward swaps and lacks advanced trading features like limit orders or margin trading.
No Fiat Currency Support
The platform does not support fiat currency exchanges, limiting users who are looking to trade between fiat and cryptocurrencies.
Price Fluctuations
During high market volatility, the difference between quoted and actual rates can be significant, impacting the final amount received.
Not Regulated
SimpleSwap.io is not regulated by financial authorities, which might be a concern for users looking for a more secure and compliant trading environment.

Gate.io features and specs

Wide Range of Cryptocurrencies
Gate.io offers a large selection of cryptocurrencies for trading. This allows users to diversify their portfolios and trade a variety of digital assets.
Advanced Trading Features
The platform provides advanced trading features such as margin trading, futures contracts, and lending opportunities, catering to both novice and professional traders.
High Liquidity
Gate.io boasts high liquidity, ensuring that users can easily buy and sell assets without significantly impacting market prices.
Security Measures
Gate.io employs multiple layers of security, including two-factor authentication (2FA), cold storage for funds, and encrypted communication, to protect users' assets and data.
User-friendly Interface
The platform has an intuitive and user-friendly interface, making it easier for new users to navigate and execute trades.

Possible disadvantages of Gate.io

Regulatory Uncertainty
Gate.io is not regulated by any major financial authorities, which might pose a risk for users, particularly in terms of legal protections and adherence to financial regulations.
Limited Fiat Support
The platform has limited support for fiat currencies, which can be a drawback for users looking to deposit or withdraw fiat directly.
Customer Support
Some users have reported slow response times from customer support, which can be frustrating during urgent situations or technical issues.
Complexity for Beginners
Despite its user-friendly interface, the abundance of features and trading options may still be overwhelming for beginners who are new to cryptocurrency trading.
Withdrawal Fees
Gate.io has relatively higher withdrawal fees for certain cryptocurrencies compared to other exchanges, which can impact the cost-efficiency of frequent withdrawals.

Analysis of SimpleSwap.io

Overall verdict

SimpleSwap.io is generally regarded as a good option for users looking for a straightforward and efficient way to exchange cryptocurrencies. Its ease of use, extensive list of supported coins, and strong customer support make it a dependable choice for both novice and experienced cryptocurrency users.

Why this product is good

SimpleSwap.io is often praised for its user-friendly interface, a wide variety of supported cryptocurrencies, and no registration requirement for exchanges. It is known for allowing users to make swaps easily without the need to create an account, which enhances privacy and speeds up the transaction process. The platform also provides competitive exchange rates and has a responsive customer support team to assist users with any issues they might face. Additionally, it offers a loyalty program that rewards users for their exchanges.

Recommended for

SimpleSwap.io is recommended for cryptocurrency traders and enthusiasts who value privacy and convenience. It is ideal for users who prefer not to go through lengthy registration processes and for those who trade a diverse range of cryptocurrencies. It's also suitable for individuals who appreciate direct customer support and wish to benefit from a loyalty program incentivizing frequent usage.

Analysis of Gate.io

Overall verdict

Gate.io can be considered a good exchange for those who are looking for a versatile trading platform with numerous options. However, potential users should consider factors such as trading fees, regulatory concerns, and user reviews before making a decision. It's important to conduct due diligence to determine if Gate.io aligns with individual trading needs and risk tolerance.

Why this product is good

Gate.io is one of the older cryptocurrency exchanges that offers a wide array of altcoins and trading pairs, appealing to users seeking variety beyond the most popular cryptocurrencies. It provides features like margin trading, futures, and a user-friendly interface. Additionally, it has a comprehensive security structure with audits and proof of reserves, enhancing user trust.

Recommended for

Experienced cryptocurrency traders looking for a wide selection of coins.
Users interested in margin trading or futures.
Traders who place a high value on security features such as proof of reserves.

SimpleSwap.io videos

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How to use SimpleSwap?

Gate.io videos

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Gate.io Review: Is Gate.io Safe? (My Experiences After 3+ YEARS!)

Category Popularity

0-100% (relative to SimpleSwap.io and Gate.io)

SimpleSwap.io

Gate.io

Cryptocurrencies

30 30%

Cryptocurrencies

70% 70

Cryptocurrency Exchange

30 30%

Cryptocurrency Exchange

70% 70

Crypto

29 29%

Crypto

71% 71

Bitcoin

100 100%

Bitcoin

0% 0

User comments

Share your experience with using SimpleSwap.io and Gate.io. For example, how are they different and which one is better?

Reviews

These are some of the external sources and on-site user reviews we've used to compare SimpleSwap.io and Gate.io

SimpleSwap.io Reviews

Omifa

over 3 years ago

Great!

Everything went well!

The exchange office helped a lot, figured out the situation, and carried out the exchange within 3 minutes. For which many thanks to all the employees of the exchange office.
Roy

· engineer · over 3 years ago

Helpful support

Had an issue with my swap, (forgot to indicate the destination tag for my XRP token), got my refund within the few hours, so happy abt it) thank you guys for helping me
Donald

almost 4 years ago

Reliable exchange

I am using this platform quite often and definitely, can suggest it to others, never had any issues.

Best Non-KYC Crypto Exchanges: Buy BTC Without KYC

SimpleSwap is an instant crypto platform that was launched in April 2018 and registered in the Marshall Islands. This service lets you exchange cryptocurrencies as well as buy crypto for fiat. Through SimpleSwap’s integration with many of the biggest platforms, you can swap a very large selection of cryptocurrencies, over 900 digital assets are freely available for exchange.

Source: stealthex.io

Top 8 Crypto Swapping Sites/Platforms For 2024; Here’s List

SimpleSwap is a simple and reliable rapid cryptocurrency and fiat-to-crypto exchange service. It is a simple-to-use platform with no sign-up and allows you to swap more than 500 currencies.It is available as a desktop website as well as an Android and iOS mobile app. SimpleSwap does not provide deposit storage, just an instant coin exchange service.

Source: coingape.com

Gate.io Reviews

Avani

about 1 year ago

Not all coins were found, but the experience was positive from using it.

Social recommendations and mentions

Based on our record, Gate.io seems to be a lot more popular than SimpleSwap.io. While we know about 2729 links to Gate.io, we've tracked only 84 mentions of SimpleSwap.io. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

SimpleSwap.io mentions (84)

Just sent 0.147ETH down the drain, thanks to multichain.org!
Check out https://simpleswap.io/ next time. Source: almost 2 years ago
Where to buy now?!?!
After doing the exchange on simpleswap.io for theta can I then send it to theta wallet? Source: almost 2 years ago
In case you didn't know.
I literally used simpleswap.io ...but would have no issue using any of the others. The most important thing is to keep each swap on the same chain. So if you're sending UCDc to convert it to MATIC....be sure that your USDc is being send on the matic chain and that you are selecting MATIC coin to be received over the matic chain. I will attach a screenshot....if I can. I'm new to using reddit. Usually I just... Source: almost 2 years ago
Converting Ethereum into Bitcoin
I'm sure people will correct me and say there's better ways but I've had good success using simpleswap.io for swapping between chains and that's how I flip my stables into bitcoin. Their terms state that they may ask for kyc but they never have for me. Source: almost 2 years ago
Trying to bridge BTC to polygon???
I cant find any info that is valid on this topic. The only platform where Ive seen this service available is simpleswap.io which I have read people say is a scam. Source: almost 2 years ago

Gate.io mentions (2729)

usdc5
A mate of mine transferred usdc from binance into gate.io and its coming up as usdc5 (delisted) and can trade it at all? Source: over 1 year ago
Daily Crypto Discussion - December 6, 2023 (GMT+0)
Godamn no wonder, gate.io moons price more than mexc haha. Source: over 1 year ago
Two USDT Withdrawals Stuck and no response to ticket
So I've never had any issues before withdrawing or depositing to gateio. But for some reason unknown to me my last two withdrawals are stuck at "verifying". I've opened a ticket 24 hours ago and no response. Would love just a reply to know what is going on here, communication from gate.io has been non-existent so it makes the situation frustrating. Source: over 1 year ago
Deposit to Gate.io problem
Was depositing OMI to gate.io but the coins didn't arrive to my account, ticket 959244. They said I had to submit a "retrieval application" and pay a 100 USDT fee while I did exactly as I was instructed during the deposit process, so I am not going to pay a 100 USDT fee. No further response/action for two weeks. Source: over 1 year ago
How to get my IP address to change to a location outside of USA so I can start trading crypto on all exchanges?
Companies like Gate.io will not allow people who have IP Addresses in the USA to use their crypto accounts. I want to reroute my IP address so it now is in a foreign country that Gate.io and other companies allow (like the Netherlands)*. Source: over 1 year ago