Baltex vs THORChain
THORChain has the higher grade on both axes: Safety 5.9 against 3.0, and Privacy 8.5 against 2.7.
Baltex
Swap service with standard, Monero-routed private, DEX and card-purchase modes
Privacy
2.7/ 10
Poor
Safety
3.0/ 10
Poor
ID on risk flag KYC 3 Docs reviewed Full review →
THORChain
Cross-chain DEX protocol for native asset swaps, with an official swap interface
Privacy
8.5/ 10
Excellent
Safety
5.9/ 10
Fair
ID never required KYC 0 Docs reviewed Full review →
Side by side
| Baltex | THORChain | |
|---|---|---|
| Category | Instant Swaps | Instant Swaps |
| KYC policy | ID on risk flag | ID never required |
| Custody | Mixed | Non Custodial |
| Sign-up | No account needed | No account needed |
| Open source | No | Yes |
| Tor onion address | No | No |
| Coins | BTC, XMR, ETH, USDT, USDC, SOL, ZEC, TON | BTC, ETH, LTC, BCH, DOGE, ZEC, SOL, RUNE |
| Pay with | Crypto, Monero, Card | Crypto |
| Fees | Fee included in the quoted rate; user-error refunds only above $50 with a $50 processing fee plus network fees; AML refunds carry network fees only (per terms) | Source-chain gas, outbound gas and a liquidity fee that varies with swap size and pool depth (per FAQ) |
| Limits | Minimum set dynamically with reference to network fees | Not published |
| Founded | 2025 | Not published |
| Not available in | Not listed; terms say availability may be restricted where crypto activity is prohibited or limited by law | Site terms exclude sanctioned jurisdictions and those flagged by FATF; the FAQ says the protocol has no geographic restrictions |
| Incidents on record | 0 | 1 |
| Published tests (180 days) | 0 | 0 |
Only Baltex
Accepts MoneroClosed sourceThird-party liquidityAML screeningMay request ID
Both
No registrationAnonymous operator
Only THORChain
No email neededNo phone neededOpen sourceNon-custodial
Where they sit among instant swaps
Questions
Is Baltex or THORChain safer?
THORChain has the higher Safety grade: Baltex 3.0, THORChain 5.9, out of 10.
Does Baltex or THORChain require KYC?
Baltex is KYC level 3 (ID on risk flag). THORChain is KYC level 0 (ID never required).
Which has more incidents on record?
Baltex has 0 and THORChain has 1 documented incident in the registry.