Is It Safe to Move Coins Through SimpleSwap?
The SimpleSwap crypto exchange is self-custodial: it does not maintain a long-term cryptocurrency balance for users, and swaps move directly between a wallet you own and a wallet you own. That shifts responsibility for wallet addresses, network selection and key security onto the user.
What Keeps Your Coins Out of Reach
No standing balance. SimpleSwap does not hold user funds between swaps; crypto moves wallet to wallet in a single transaction.
Routed across liquidity providers. Swaps are filled through 20+ CEX and DEX sources rather than a single custodial venue.
Keys stay with you. SimpleSwap does not manage or store private keys, and never asks a user for them.
Where Things Actually Go Wrong
Wrong address or network. Blockchain transactions are irreversible. Sending USDT on the wrong network can mean permanent loss.
Floating-rate movement. A floating rate tracks the live market and can move against you before execution.
Lookalike domains. The only official SimpleSwap domain is simpleswap.io. Copycat sites target crypto users.
Timing can also be affected by network congestion or blockchain confirmation delays outside the SimpleSwap exchange's control, since swaps depend on third-party liquidity and the underlying networks. See SimpleSwap's own infrastructure model, in the words of its Head of Infrastructure, on the homepage.
Habits That Prevent Most Losses
Use the official domain. Confirm simpleswap.io before entering any wallet address.
Double-check addresses and networks. Verify both before sending funds.
Start with a small amount if unsure. Choose a fixed rate for price certainty.
Keep your seed phrase offline. SimpleSwap will never ask for it.
Allow time for confirmations. Congested networks can take longer to clear.
Use official support for reviews. If a swap is paused for compliance, respond through official channels on SimpleSwap.
Begin at the official site
Every swap should start from simpleswap.io and nowhere else.