BitSwitch vs THORChain
THORChain has the higher grade on both axes: Safety 5.9 against 3.9, and Privacy 8.5 against 4.0.
BitSwitch
Signup-free swap with a refund address and a hybrid of own and third-party liquidity
Privacy
4.0/ 10
Caution
Safety
3.9/ 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
| BitSwitch | THORChain | |
|---|---|---|
| Category | Instant Swaps | Instant Swaps |
| KYC policy | ID on risk flag | ID never required |
| Custody | Custodial | Non Custodial |
| Sign-up | No account needed | No account needed |
| Open source | No | Yes |
| Tor onion address | No | No |
| Coins | BTC, ETH, XMR, USDC, ETC, POL | BTC, ETH, LTC, BCH, DOGE, ZEC, SOL, RUNE |
| Pay with | Crypto, Monero | Crypto |
| Fees | Not published | Source-chain gas, outbound gas and a liquidity fee that varies with swap size and pool depth (per FAQ) |
| Founded | 2022 | Not published |
| Not available in | Not published | 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 BitSwitch
Accepts MoneroMay request IDClosed source
Both
No registrationNo email neededAnonymous operator
Only THORChain
No phone neededOpen sourceNon-custodial
Where they sit among instant swaps
Questions
Is BitSwitch or THORChain safer?
THORChain has the higher Safety grade: BitSwitch 3.9, THORChain 5.9, out of 10.
Does BitSwitch or THORChain require KYC?
BitSwitch is KYC level 3 (ID on risk flag). THORChain is KYC level 0 (ID never required).
Which has more incidents on record?
BitSwitch has 0 and THORChain has 1 documented incident in the registry.