Chainflip vs InstantExchangers
Chainflip has the higher grade on both axes: Safety 8.3 against 3.6, and Privacy 7.1 against 3.0.
Chainflip
Cross-chain DEX protocol for native BTC, ETH, SOL and stablecoin swaps
Privacy
7.1/ 10
Strong
Safety
8.3/ 10
Strong
ID in rare cases KYC 2 Docs reviewed Full review →
InstantExchangers
Nigerian e-currency exchanger with crypto swaps and naira buy/sell; ID required above AML thresholds
Privacy
3.0/ 10
Poor
Safety
3.6/ 10
Poor
ID on risk flag KYC 3 Docs reviewed Full review →
Side by side
| Chainflip | InstantExchangers | |
|---|---|---|
| Category | Instant Swaps | Instant Swaps |
| KYC policy | ID in rare cases | ID on risk flag |
| Custody | Non Custodial | Custodial |
| Sign-up | No account needed | No account needed |
| Open source | Yes | No |
| Tor onion address | No | No |
| Coins | BTC, ETH, SOL, USDC, USDT, DOT, TRX, FLIP | BTC, ETH, USDT, XMR, LTC, TRX, SOL, ZEC, DASH, DOGE |
| Pay with | Crypto | Crypto, Monero, Bank transfer, Gift card |
| Fees | Not published | Fees from 0.1% (homepage); refunds for high-AML addresses 3% or USD 5 minimum |
| Founded | Not published | 2010 |
| Jurisdiction | Germany | Not published |
| Not available in | Persons subject to sanctions regimes are barred by the front-end terms; no country list published | Not published |
| Incidents on record | 0 | 0 |
| Published tests (180 days) | 0 | 0 |
Only Chainflip
No email neededNo phone neededOpen sourceNon-custodialIndependent auditLegal entity disclosed
Both
No registration
Only InstantExchangers
Accepts MoneroAML screeningMay request IDClosed sourceAnonymous operatorRuns an affiliate programme
Where they sit among instant swaps
Questions
Is Chainflip or InstantExchangers safer?
Chainflip has the higher Safety grade: Chainflip 8.3, InstantExchangers 3.6, out of 10.
Does Chainflip or InstantExchangers require KYC?
Chainflip is KYC level 2 (ID in rare cases). InstantExchangers is KYC level 3 (ID on risk flag).
Which has more incidents on record?
Chainflip has 0 and InstantExchangers has 0 documented incidents in the registry.