Chainflip vs Lightning Loop
It is a trade-off. Chainflip has the higher Safety grade (8.3 against 8.0), while Lightning Loop has the higher Privacy grade (7.8 against 7.1).
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 →
Lightning Loop
Lightning Labs' non-custodial submarine swap service for moving sats between Lightning and on-chain
Privacy
7.8/ 10
Strong
Safety
8.0/ 10
Strong
No ID mentioned KYC 1 Docs reviewed Full review →
Side by side
| Chainflip | Lightning Loop | |
|---|---|---|
| Category | Instant Swaps | Instant Swaps |
| KYC policy | ID in rare cases | No ID mentioned |
| Custody | Non Custodial | Non Custodial |
| Sign-up | No account needed | No account needed |
| Open source | Yes | Yes |
| Tor onion address | No | No |
| Coins | BTC, ETH, SOL, USDC, USDT, DOT, TRX, FLIP | BTC |
| Pay with | Crypto | Crypto, Lightning |
| Fees | Not published | Loop service fee varying with on-chain conditions, plus on-chain and routing fees; 30,000-sat no-show prepayment on Loop Out |
| Founded | Not published | 2019 |
| 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
Independent auditLegal entity disclosed
Both
No registrationNo email neededNo phone neededOpen sourceNon-custodial
Only Lightning Loop
Accepts Lightning5+ years operating
Where they sit among instant swaps
Questions
Is Chainflip or Lightning Loop safer?
Chainflip has the higher Safety grade: Chainflip 8.3, Lightning Loop 8.0, out of 10.
Does Chainflip or Lightning Loop require KYC?
Chainflip is KYC level 2 (ID in rare cases). Lightning Loop is KYC level 1 (no ID mentioned).
Which has more incidents on record?
Chainflip has 0 and Lightning Loop has 0 documented incidents in the registry.