BasicSwap vs LocalCoinSwap
BasicSwap has the higher grade on both axes: Safety 6.4 against 4.7, and Privacy 9.2 against 6.0.
BasicSwap
Self-hosted cross-chain DEX using atomic swaps for Bitcoin, Monero and more
Privacy
9.2/ 10
Excellent
Safety
6.4/ 10
Fair
ID never required KYC 0 Docs reviewed Full review →
LocalCoinSwap
P2P marketplace for 20+ cryptocurrencies with non-custodial trade options
Privacy
6.0/ 10
Fair
Safety
4.7/ 10
Caution
No ID mentioned KYC 1 Docs reviewed Full review →
Side by side
| BasicSwap | LocalCoinSwap | |
|---|---|---|
| Category | P2P Exchanges | P2P Exchanges |
| KYC policy | ID never required | No ID mentioned |
| Custody | Non Custodial | Mixed |
| Sign-up | No account needed | Email required |
| Open source | Yes | No |
| Tor onion address | No | No |
| Coins | BTC, XMR, LTC, PART, FIRO, DASH | BTC, ETH, LTC, USDT, USDC, DAI |
| Pay with | Crypto, Monero | Bank transfer, Cash |
| Jurisdiction | Decentralised / none | Not published |
| Incidents on record | 1 | 0 |
| Published tests (180 days) | 0 | 0 |
Only BasicSwap
No registrationNo email neededNo phone neededAccepts MoneroOpen sourceNon-custodialSelf-hostable
Both
Nothing distinct
Only LocalCoinSwap
Accepts cashRequires emailClosed source
Where they sit among p2p exchanges
Questions
Is BasicSwap or LocalCoinSwap safer?
BasicSwap has the higher Safety grade: BasicSwap 6.4, LocalCoinSwap 4.7, out of 10.
Does BasicSwap or LocalCoinSwap require KYC?
BasicSwap is KYC level 0 (ID never required). LocalCoinSwap is KYC level 1 (no ID mentioned).
Which has more incidents on record?
BasicSwap has 1 and LocalCoinSwap has 0 documented incidents in the registry.