Instant Swaps · October 2026
12 instant swaps that do a similar job to THORChain, ranked by Safety grade. THORChain itself is graded Privacy 8.5 and Safety 5.9.
THORChain is graded 8.5 for privacy and 5.9 for safety. The closest instant swaps by Safety grade are GhostSwap (8.4), Chainflip (8.3), Swap Market (7.3). 4 of the 12 alternatives listed here have terms that rule out ID checks entirely.
| # | Service | KYC | Privacy | Safety | Evidence | Accepts | Incidents |
|---|---|---|---|---|---|---|---|
| 01 |  GhostSwap Tor onion address Accepts Monero No account needed Open source Swap front-end routing orders through third-party processing partners | Never KYC 0 | 10.0 | 8.4 | Docs reviewed | BTCETHXMR +3 | |
| 02 |  Chainflip No account needed Never holds your funds Open source Cross-chain DEX protocol for native BTC, ETH, SOL and stablecoin swaps | Rare KYC 2 | 7.1 | 8.3 | Docs reviewed | BTCETHSOL +5 | |
| 03 |  Swap Market Tor onion address No account needed Never holds your funds Open source Open-source front end for atomic swaps between Bitcoin, Lightning, Liquid and Rootstock | Never KYC 0 | 9.3 | 7.3 | Docs reviewed | BTCL-BTCRBTC | |
| 04 |  eigenwallet Accepts Monero No account needed Never holds your funds Open source Desktop wallet for peer-to-peer BTC-to-XMR atomic swaps, formerly UnstoppableSwap | Never KYC 0 | 8.9 | 7.0 | Docs reviewed | BTCXMR | |
| 05 |  Bitania Accepts Monero No account needed Instant crypto swap paying out from its own liquidity, with PGP-signed swap receipts and a SimpleX bot | Never KYC 0 | 8.5 | 6.4 | Docs reviewed | BTCLTCXMR +6 | |
| 06 |  Godex Accepts Monero No account needed Registration-free instant exchange with no stated volume limits | Not mentioned KYC 1 | 7.6 | 6.3 | Docs reviewed | BTCETHXMR +4 | |
| 07 |  n.exchange Accepts Monero No account needed May ask for ID Costa Rica-registered instant swap with internal reserves and a formal CDD/EDD programme | On risk flag KYC 3 | 3.1 | 6.1 | Docs reviewed | BTCETHUSDT +6 | |
| 08 |  xchange.me Tor onion address Accepts Monero No account needed Accountless floating-rate swap from privacy coins and BTC into 200+ assets | Not mentioned KYC 1 | 6.6 | 5.9 | Docs reviewed | BTCXMRETH +4 | |
| 09 |  SideShift.ai Accepts Monero No account needed May ask for ID Account-free shifting service with automated risk screening; not available in the US | On risk flag KYC 3 | 4.2 | 5.9 | Docs reviewed | BTCETHXMR +4 | |
| 10 |  WizardSwap Tor onion address Accepts Monero No account needed No-JavaScript swap service for privacy coins that says it uses its own liquidity | Not mentioned KYC 1 | 8.2 | 5.5 | Docs reviewed | BTCXMRLTC +5 | |
| 11 |  NativeSwap No account needed Never holds your funds Wallet-connect interface for native cross-chain swaps via THORChain and Maya | Not mentioned KYC 1 | 7.3 | 5.5 | Docs reviewed | BTCETHSOL +5 | |
| 12 |  Alfacash Accepts Monero May ask for ID Long-running instant crypto exchange operated by a Nevis-registered company | On risk flag KYC 3 | 2.4 | 5.5 | Docs reviewed | BTCETHLTC +5 |
Check the rules where you live
Listings describe services. Whether a provider may serve you depends on local licensing rules.THORChain vs GhostSwapTHORChain vs ChainflipTHORChain vs Swap MarketTHORChain vs eigenwalletTHORChain vs BitaniaTHORChain vs GodexTHORChain vs n.exchangeTHORChain vs xchange.me
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THORChain's own FAQ states that its THORFi feature was defaulted on in the first quarter of 2025, and that the TCY token was introduced as part of the resulting debt restructuring. Users owed funds by THORFi received TCY, a claim on a share of protocol revenue, in place of the assets they had deposited. Ordinary swaps were not part of the default.
Funds lost Source: thorchain.org ↗
Common reasons are a held transaction, a change in terms, missing coins or payment methods, or simply wanting a second option. THORChain currently has 1 incident on record.
By Safety grade, GhostSwap (8.4 out of 10, Privacy 10.0). The right choice depends on the coins and payment methods you need, so compare the list.
Each one shows its KYC level, from 0 (ID never required) to 4 (mandatory). 8 of the 12 listed are level 0 or 1.