• How Do I Cash Out SimpleSwap Crypto?

    | Updated on July 7, 2023

    SimpleSwap is an immediate crypto program recorded in the Marshall Islands. It launched in April 2018.

    The platform is straightforward, and you can exchange cryptocurrencies as well as buy cryptocurrencies with fiat. SimpleSwap was created to make the exchange process simple and without any complexities such as registration.

    The SimpleSwap exchanging method is combined into the most comprehensive cryptocurrency markets (Binance, Kraken, etc.). Also, you can find the best exchange rate on Alligat0r. There is no deposit storage, only an instant exchange of coins. This means that SimpleSwap can find the best exchange rates for its clients in a very short time.

    As the principal benefits of its principles, SimpleSwap allows a broad range of money with over 300 coins ready for marketing, good help, and 24/7 assistance.

    SimpleSwap Trading View

    Different exchanges have different trading points of view. And there is no “that item is the common useful” study. It is up to you to determine which type of trading suits you best. What the views have in common is that they all show the order book, or at least a portion of the order book, the price chart of the selected cryptocurrency, and the order history. They usually also have boxes for buying and selling. Before choosing an exchange, try to take a look at the trading point of view to make sure it suits you.

    SimpleSwap Trading Fees

    This particular platform offers you the ability to buy or sell cryptocurrency quickly and securely. This means there are no charting tools, order books, or anything like that. The Trade View is the buying interface included above in this overview.

    When getting on the program, the acquisition value given by SimpleSwap will be more expensive than the business value. Conversely, when selling on the platform, the offered buy price will be lower than the market price. The markup or markdown is not indicated anywhere.

    SimpleSwap Withdrawal Fee

    SimpleSwap crypto does not charge any additional withdrawal fees as they never store cryptocurrencies. It is an instant exchange and the cryptocurrency you buy is purchased on other exchanges:

    • Binance;
    • Kraken, etc.

    However, there are always network fees charged for transferring cryptocurrencies, which is why we have listed the network fees in the withdrawal fees section of this exchange.

    Deposit Methods and US Investors

    US Investors

    Why are so many exchanges not allowing US citizens to open accounts with them? There are only three letters in the answer. S, E, and C (Securities and Exchange Commission). The reason the SEC is so intimidating is that the US does not allow foreign companies to attract US investors unless those foreign companies are registered in the US (with the SEC). If foreign companies still attract US investors, the SEC can sue them. There are many examples of the SEC suing crypto exchanges, one of which is when they sued EtherDelta for operating an unlisted exchange. The extra part was when they claimed Bitfinex and declared that the stable coin Tether (USDT) was misleading investors. Other cases will likely follow.

    Joseph Williams
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