SimpleSwap vs LetsExchange: the United Kingdom numbers
SimpleSwap has the longer track record (since 2018 vs 2021). Full SimpleSwap vs LetsExchange breakdown for United Kingdom, verified against official pages on July 31, 2026.
- Verified
- 31 Jul 2026
- Sources
- Official sources cited
- Market
- United Kingdom
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- Market
- en-GB / GB
- Page
- comparison
- Updated
- 31 Jul 2026
Referral terms vary by region and account state.
LetsExchange does not currently accept United Kingdom customers under its published terms, so SimpleSwap is the practical choice locally regardless of the fee math. On the published numbers themselves: the platform has the longer track record (since 2018 vs 2021); LetsExchange lists more assets (6120 vs 2800). Every figure was re-checked against official pages on July 31, 2026, and the row-level sources are one click away below.
exchange
SimpleSwap
- market
- United Kingdom
Referral terms vary by region and account state.
Swap with SimpleSwapSimpleSwap and its counterpart are lined up on the same published rows below — entry-tier costs, verification, coverage, and local availability — with the winning cell decided by the published number alone, re-checked on July 31, 2026. Where a platform does not publish a figure, the row says so instead of guessing, because an unpublished number is a real answer about transparency too. Use the availability row first if you are signing up from United Kingdom: a cheaper venue that cannot legally take your registration is not cheaper.
| Brand | Published value | Source | Availability | |
|---|---|---|---|---|
| SimpleSwapTop pick for United Kingdom | Fee model: Spread-based: no explicit percentage fee on crypto-to-crypto swaps; margin is built into the quoted rate · Rate types: Floating and fixed rate; fixed-rate swaps require deposit within 20 minutes and have upper limits; floating-rate swaps have no restrictions | SimpleSwap official website | accepts United Kingdom | Open account |
 LetsExchange | Fee model: Commission embedded in quoted rate (You Get amount); components: blockchain fees + liquidity provider + AML verification + LetsExchange commission; no numeric % published; 'no hidden fees' · Rate types: Floating (market) rate and guaranteed fixed rate | LetsExchange official website | not available in United Kingdom |
Each check below names the platform whose published number wins that row outright, using the values re-verified on July 31, 2026. SimpleSwap and its rival keep their source links in the last row, so any cell can be audited in one click before you commit funds — and if a provider stops publishing a value, the row flips to "not published" on the next re-check rather than staying frozen.
| Check | SimpleSwap | LetsExchange |
|---|---|---|
| Fee model | Spread-based: no explicit percentage fee on crypto-to-crypto swaps; margin is built into the quoted rate | Commission embedded in quoted rate (You Get amount); components: blockchain fees + liquidity provider + AML verification + LetsExchange commission; no numeric % published; 'no hidden fees' |
| Rate types | Floating and fixed rate; fixed-rate swaps require deposit within 20 minutes and have upper limits; floating-rate swaps have no restrictions | Floating (market) rate and guaranteed fixed rate |
| Custody model | Non-custodial: crypto sent directly to user wallet, not stored on the service | Non-custodial; FAQ: platform doesn’t store users’ funds; exchanges executed by third-party liquidity partners |
| KYC policy | No mandatory KYC / sign-up; KYC triggered only for transactions flagged as suspicious; optional voluntary verification via SumSub for account perks | No mandatory registration/KYC; risk-based KYC may be triggered at company discretion or by third-party liquidity partners, who may suspend/freeze transactions pending KYC/KYT; no numeric no-KYC threshold published |
| Listed assets | 2800+ cryptocurrencies (homepage; FAQ still says 'more than 1000 currencies') | 6130+ cryptocurrencies (live homepage counter) |
| Founded | Operating since 2018 per site copyright line (no explicit 'founded in' statement found; Wikipedia article does not exist) | Operating since 2021 (footer: © 2021-2026 LetsExchange) |
| Current promotion | Crypto Exchange Free from sign-up, limits, complications | Swap, buy, and sell crypto secure and hassle-free |
| Availability | accepts United Kingdom | not available in United Kingdom |
| Official source | SimpleSwap official website | LetsExchange official website |
Using SimpleSwap or LetsExchange from United Kingdom
Signing up from United Kingdom puts SimpleSwap and LetsExchange under a local rulebook, and it is not what the fee table alone tells you. The Financial Conduct Authority (FCA) supervises firms carrying on cryptoasset activity in the United Kingdom under the anti-money-laundering regime. Cryptoasset firms doing business in the UK must hold FCA cryptoasset registration under the Money Laundering Regulations (MLRs) before providing in-scope services. How money actually reaches the order book here: Faster Payments (FPS) is the dominant GBP deposit rail — near-instant bank-to-bank transfers between UK accounts. Faster Payments settles quicker than the legacy BACS and CHAPS systems, with per-transfer limits set by individual banks. On tax treatment in this market: HMRC treats gains from selling, exchanging or giving away cryptoasset tokens as subject to Capital Gains Tax for individuals, above an annual tax-free allowance.
- Which is better: SimpleSwap or LetsExchange?
- LetsExchange does not currently accept United Kingdom customers under its published terms, so SimpleSwap is the practical choice locally regardless of the fee math.
- How is crypto regulated in United Kingdom?
- The Financial Conduct Authority (FCA) supervises firms carrying on cryptoasset activity in the United Kingdom under the anti-money-laundering regime. — Cryptoasset firms doing business in the UK must hold FCA cryptoasset registration under the Money Laundering Regulations (MLRs) before providing in-scope services. (source: fca.org.uk).
- How does ChainCosts earn from this page?
- If you open an account through a link here, the provider may pay us a commission. It never changes the price you pay, and it has no input into which cell wins a row — the published numbers decide.
At a glance
Key facts
- Market
- United Kingdom
- Verified
- 31 Jul 2026
- Data completeness
- Only figures backed by the cited sources are shown; anything we could not verify is left out.
ChainCosts may earn a commission if you sign up through a partner link on this page. This never changes the numbers we publish.
Not financial, tax, custody, or investment advice. Verify live terms with the provider before acting.
exchange
SimpleSwap
- market
- United Kingdom
Referral terms vary by region and account state.
Swap with SimpleSwapRoute fit
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Machine-readable summaryen-GB / GB
- Canonical source
- https://chaincosts.com/en-GB/compare/simpleswap-vs-letsexchange
- What this page does
- comparison screening with visible partner-link disclosure
- Offers covered
- SimpleSwap
- Evidence
- 3 cited sources: SimpleSwap official website, LetsExchange official website, ChainCosts exchange fee checklist
- Partner links
- Partner actions go through ads.chaincosts.com; source links stay direct.
- Not advice
- Informational only. Verify provider terms, eligibility, and fees before acting.
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