Compare ShapeShift vs Simex Exchange
On this page, you can compare ShapeShift with Simex. Which exchange is better to use? You can compare exchange characteristics, fees, trading features, safety, and social media presence.
At the end of this page, you can see our final ratings for both exchanges.
In the table below you can see general information on both exchanges. ShapeShift was founded in 2014 in Switzerland. Simex was founded in 2015 in USA.
When choosing an exchange for trading, you should take into account how long it has been an active market player. Older exchanges usually have a good reputation and tend to be more reliable. It may be a good decision to use the older exchange, which is ShapeShift. At the same time, newer projects may be more technologically advanced.
You should also pay attention to where the exchange is located. Some countries have strict financial regulations, which makes it difficult to seek court assistance when needed.
ShapeShift is Decentralized and Simex is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
ShapeShift has a mobile app available for iOS and Android. Simex doesn't have a mobile app.
ShapeShift has 1 language available, which is English. Simex has 7 languages available, including English, Korean, Russian, Chinese, Indonesian, Malay and Hindi.
| Company | ||
|---|---|---|
| User rating | 4 user reviews | 7 user reviews |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 4 user reviews | 7 user reviews |
Cryptogeek rating
Trust Score
How it worksAbout
|
ShapeShift was founded by Eric Voorhees in 2014. Online exchanger based in the Swiss town of Geneva. The main function is the quick conversion of bitcoin and popular altcoins with the highest possible protection of transactions. The peculiarity of the exchange is that client assets are not stored on the site itself. And this, undoubtedly, increases the security of the service, although it somewhat impoverishes the functionality. You can find more information on the ShapeShift team and the project here.
|
Simex was launched in Russia as a coin exchange in 2015. This platform has a great liquidity. The volume of the platform is more than $ 320 mln. The exchange has an interesting tool – the coin aggregator.
|
Founding Date
| 2014 | 2015 |
Country
| Switzerland | USA |
Type
| Decentralized | Centralized |
Languages
| English | English, Korean, Russian, Chinese, Indonesian, Malay, Hindi |
Mobile app
| iOS, Android | - |
Full address
| Zug, CH (HQ) 11 Gubelstrasse | 2770 S Maryland Pkw, Suite 300 Las Vegas, NV 89109 |
Fees
| To simplify the process, ShapeShift has given the entire list of the charges that they charge from the users, and some of the popular ones are - Bitcoin - 0.0006 BTC Bitcoin Cash - 0.0002 BCH Ethereum - 0.002 ETH Ethereum Classic - 0.01 ETC Ripple - 0.5 XRP Monero - 0.02 XMR These are the miner's fee, instead of ShapeShift's own transaction charges. Unlike other exchanges, that charge the users a fix amount on their transactions, ShapeShift charges different amounts, depending upon the currency you are trading in. | 0.2% is the commission paid by the maker and the taker of a cryptocurrency transaction. |
| About |
ShapeShift was founded by Eric Voorhees in 2014. Online exchanger based in the Swiss town of Geneva. The main function is the quick conversion of bitcoin and popular altcoins with the highest possible protection of transactions. The peculiarity of the exchange is that client assets are not stored on the site itself. And this, undoubtedly, increases the security of the service, although it somewhat impoverishes the functionality. You can find more information on the ShapeShift team and the project here.
|
Simex was launched in Russia as a coin exchange in 2015. This platform has a great liquidity. The volume of the platform is more than $ 320 mln. The exchange has an interesting tool – the coin aggregator.
|
|---|---|---|
| Founding Date | Founding Date 2014 | Founding Date 2015 |
| Country | Country Switzerland | Country USA |
| Type | Type Decentralized | Type Centralized |
| Languages | Languages English | Languages English, Korean, Russian, Chinese, Indonesian, Malay, Hindi |
| Mobile app | Mobile app iOS, Android | Mobile app - |
| Full address | Full address Zug, CH (HQ) 11 Gubelstrasse | Full address 2770 S Maryland Pkw, Suite 300 Las Vegas, NV 89109 |
| Fees | Fees To simplify the process, ShapeShift has given the entire list of the charges that they charge from the users, and some of the popular ones are - Bitcoin - 0.0006 BTC Bitcoin Cash - 0.0002 BCH Ethereum - 0.002 ETH Ethereum Classic - 0.01 ETC Ripple - 0.5 XRP Monero - 0.02 XMR These are the miner's fee, instead of ShapeShift's own transaction charges. Unlike other exchanges, that charge the users a fix amount on their transactions, ShapeShift charges different amounts, depending upon the currency you are trading in. | Fees 0.2% is the commission paid by the maker and the taker of a cryptocurrency transaction. |
Trading
ShapeShift trading volume is 57,838.0. The exchange has 940 available trading pairs. Fiat trading is not available on the exchange. Margin trading is not available.
Simex trading volume is 81,377,280.0. The exchange has 16 available trading pairs. Fiat trading is not available on the exchange. Margin trading is not available.
Please note: The bigger number of available trading pairs provides you with more trading opportunities, but may cause technological shortcomings at the same time.
Volume
| 57838 | 81377280 |
Pairs
| 940 | 16 |
Coins
| 40 | 14 |
Fiat trading
| - | - |
Deposit
| Depends on currency and volume | Free |
Fees
| Transaction Mining | Percentage |
Margin
| - | - |
| Volume | Volume 57838 | Volume 81377280 |
|---|---|---|
| Pairs | Pairs 940 | Pairs 16 |
| Coins | Coins 40 | Coins 14 |
| Fiat trading | Fiat trading - | Fiat trading - |
| Deposit | Deposit Depends on currency and volume | Deposit Free |
| Fees | Fees Transaction Mining | Fees Percentage |
| Margin | Margin - | Margin - |
Safety
Two factor authentication
Verified
| Unverified | Unverified |
| Two factor authentication | Two factor authentication | Two factor authentication |
|---|---|---|
| Verified | Verified Unverified | Verified Unverified |
Social
Website
| shapeshift.io | simex.global |
| @ShapeShift_io | @simexinvest |
Number of followers
| 105000 | 2223 |
| Website | Website shapeshift.io | Website simex.global |
|---|---|---|
| Twitter @ShapeShift_io | Twitter @simexinvest | |
| Number of followers | Number of followers 105000 | Number of followers 2223 |
Rating
| User rating | 4 user reviews | 7 user reviews |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
ShapeShift user rating is 2.8, based on 4 user reviews. Simex user rating is 3.6, based on 7 user reviews.
We also calculate the special Cryptogeek TrustScore based on the characteristics of each exchange.
| We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score? |
|---|
| We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score? |
On this page, you can compare ShapeShift with Simex. Which exchange is better to use? You can compare exchange characteristics, fees, trading features, safety, and social media presence.
At the end of this page, you can see our final ratings for both exchanges.
In the table below you can see general information on both exchanges. ShapeShift was founded in 2014 in Switzerland. Simex was founded in 2015 in USA.
When choosing an exchange for trading, you should take into account how long it has been an active market player. Older exchanges usually have a good reputation and tend to be more reliable. It may be a good decision to use the older exchange, which is ShapeShift. At the same time, newer projects may be more technologically advanced.
You should also pay attention to where the exchange is located. Some countries have strict financial regulations, which makes it difficult to seek court assistance when needed.
ShapeShift is Decentralized and Simex is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
ShapeShift has a mobile app available for iOS and Android. Simex doesn't have a mobile app.
ShapeShift has 1 language available, which is English. Simex has 7 languages available, including English, Korean, Russian, Chinese, Indonesian, Malay and Hindi.