SimpleSwap vs LetsExchange: the Indonesia numbers
SimpleSwap vs LetsExchange for Indonesia: published fees, verification rules, and availability side by side, checked on July 29, 2026.
- Verified
- 29 Jul 2026
- Sources
- Official sources cited
- Market
- Indonesia
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- Market
- en-ID / ID
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- comparison
- Updated
- 29 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 Indonesia, so the right pick depends on which row matters most to you. Every figure was re-checked against official pages on July 29, 2026, and the row-level sources are one click away below.
exchange
SimpleSwap
- market
- Indonesia
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 29, 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 Where a platform does not publish a figure, the row says so instead of guessing, because an unpublished number is a real answer about transparency too.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 Indonesia: 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 Indonesia | 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 Indonesia | Open account |
Each check below names the platform whose published number wins that row outright, using the values re-verified on July 29, 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') | 6120+ 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 Indonesia | accepts Indonesia |
| Official source | SimpleSwap official website | LetsExchange official website |
Using SimpleSwap or LetsExchange from Indonesia
Signing up from Indonesia puts SimpleSwap and LetsExchange under a local rulebook, and it is not what the fee table alone tells you. Indonesia's Financial Services Authority (OJK) supervises digital financial assets including crypto assets for retail users, having taken over regulation and supervision duties from Bappebti under the mandate of Article 8 number 4 and Article 312 paragraph (1) of Law Number 4 of 2023 (P2SK Law). Crypto trading platforms operate under OJK Regulation POJK 27/2024 on the Trading of Digital Financial Assets Including Crypto Assets, which requires Digital Financial Asset trading operators to obtain licensed status and to submit periodic and incidental reports to OJK. How money actually reaches the order book here: BI-FAST, Bank Indonesia's fast payment system, is the backbone of the country's retail payment system infrastructure, accelerating payments via various instruments and channels securely and affordably in real time and available 24/7, making it the default rail for funding accounts in rupiah. null. On tax treatment in this market: Indonesia's Directorate General of Taxes states that transfers of crypto assets, now treated as equivalent to securities, are no longer subject to VAT, while income from crypto transactions remains subject to final Income Tax (PPh) Article 22 at 0.21% of the transaction value through domestic electronic trading operators (PPMSE) or 1% through foreign PPMSE. 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 Indonesia; the table above shows which platform wins each row so you can weight what matters to you.
- How is crypto regulated in Indonesia?
- Indonesia's Financial Services Authority (OJK) supervises digital financial assets including crypto assets for retail users, having taken over regulation and supervision duties from Bappebti under the mandate of Article 8 number 4 and Article 312 paragraph (1) of Law Number 4 of 2023 (P2SK Law). — Crypto trading platforms operate under OJK Regulation POJK 27/2024 on the Trading of Digital Financial Assets Including Crypto Assets, which requires Digital Financial Asset trading operators to obtain licensed status and to submit periodic and incidental reports to OJK. (source: ojk.go.id).
- 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
- Indonesia
- Verified
- 29 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
- Indonesia
Referral terms vary by region and account state.
Swap with SimpleSwapexchange
LetsExchange
- market
- Indonesia
Referral terms vary by region and account state.
Swap with LetsExchangeRoute fit
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Machine-readable summaryen-ID / ID
- Canonical source
- https://chaincosts.com/en-ID/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.
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