SimpleSwap vs LetsExchange: the India numbers
SimpleSwap vs LetsExchange for India: published fees, verification rules, and availability side by side, checked on July 31, 2026.
- Verified
- 31 Jul 2026
- Sources
- Official sources cited
- Market
- India
Next step
Ready to open an account? Use the partner link below
Compare the verified fees on this page first. When you are ready, the button opens the provider in a new tab through our tracked partner link — you still see their official signup flow.
SimpleSwapexchangeNo extra cost to you · Official provider site · Commission disclosed
How we earn · How we verify fees
- Market
- en-IN / IN
- Page
- comparison
- Updated
- 31 Jul 2026
Referral terms vary by region and account state.
The published numbers split this one: SimpleSwap has the longer track record (since 2018 vs 2021); LetsExchange lists more assets (6120 vs 2800). Neither side sweeps the table for India, so the right pick depends on which row matters most to you. 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
- India
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 Where a platform does not publish a figure, the row says so instead of guessing, because an unpublished number is a real answer about transparency too.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 India: a cheaper venue that cannot legally take your registration is not cheaper.
| Brand | Published value | Source | Availability | |
|---|---|---|---|---|
| SimpleSwap | 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 India | 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 | accepts India | Open account |
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 India | accepts India |
| Official source | SimpleSwap official website | LetsExchange official website |
Using SimpleSwap or LetsExchange from India
Signing up from India puts SimpleSwap and LetsExchange under a local rulebook, and it is not what the fee table alone tells you. Financial Intelligence Unit - India (FIU-IND), Department of Revenue, Ministry of Finance, oversees crypto (virtual digital asset) service providers under the anti-money-laundering framework. Crypto exchanges must register with FIU-IND as Virtual Digital Asset Service Providers (VDA SPs) in the Reporting Entity regime under the Prevention of Money Laundering Act; registration is a pre-requisite to operate. How money actually reaches the order book here: Unified Payments Interface (UPI), the instant payment system operated by the National Payments Corporation of India, is the dominant local deposit rail for retail payments. UPI accounts for the overwhelming majority of digital payments in India and is the largest real-time payment system in the world. On tax treatment in this market: Income from transfer of virtual digital assets is taxed at a flat rate of thirty per cent under Section 115BBH of the Income-tax Act, with no set-off or carry-forward of losses. None of this market context changes the SimpleSwap figures in the table above — it decides how you act on them.
- Which is better: SimpleSwap or LetsExchange?
- The published numbers do not produce a single winner for India; the table above shows which platform wins each row so you can weight what matters to you.
- How is crypto regulated in India?
- Financial Intelligence Unit - India (FIU-IND), Department of Revenue, Ministry of Finance, oversees crypto (virtual digital asset) service providers under the anti-money-laundering framework. — Crypto exchanges must register with FIU-IND as Virtual Digital Asset Service Providers (VDA SPs) in the Reporting Entity regime under the Prevention of Money Laundering Act; registration is a pre-requisite to operate. (source: fiuindia.gov.in).
- 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
- India
- 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
- India
Referral terms vary by region and account state.
Swap with SimpleSwapexchange
LetsExchange
- market
- India
Referral terms vary by region and account state.
Swap with LetsExchangeRoute fit
Who should use this page
swap or exchange screening where users need the destination, fee model, and source references in one place.
- Confirm the provider serves this market before creating an account.
- Check live fees, bonus terms, limits, and identity requirements on the provider site.
- Use the partner link only when the destination still matches SimpleSwap and the visible terms look acceptable.
- Do not assume availability, pricing, or bonuses are identical across countries.
- Avoid depositing or submitting documents until provider terms match your own risk tolerance.
- Remember that partner actions go through ads.chaincosts.com; official source links remain direct.
Machine-readable summaryen-IN / IN
- Canonical source
- https://chaincosts.com/en-IN/compare/simpleswap-vs-letsexchange
- What this page does
- comparison screening with visible partner-link disclosure
- Offers covered
- SimpleSwap, LetsExchange
- 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.
Alerts
Get fee and exchange alerts
A short digest when fees, bonuses, or exchange terms materially change.
- Fee, bonus, and access changes worth checking before signup.
- Market-aware updates when an offer becomes unavailable or less competitive.
- Email or Telegram only; one contact method is enough.