Chainflip vs SimpleSwap
Chainflip has the higher grade on both axes: Safety 8.3 against 5.0, and Privacy 7.1 against 2.9.
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 →
SimpleSwap
Instant swap service with a broad coin list and an explicit freeze clause
Privacy
2.9/ 10
Poor
Safety
5.0/ 10
Caution
ID on risk flag KYC 3 Docs reviewed Full review →
Side by side
| Chainflip | SimpleSwap | |
|---|---|---|
| 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, XMR, USDT, LTC, SOL, XRP, TRX |
| Pay with | Crypto | Crypto, Monero |
| Fees | Not published | Fee built into the rate; returning frozen funds costs 1% (minimum $100) per terms |
| Founded | Not published | 2018 |
| Jurisdiction | Germany | Not published |
| Not available in | Persons subject to sanctions regimes are barred by the front-end terms; no country list published | US, UK, most EU states, China, India, Japan and sanctioned countries (terms s.4.3) |
| 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 SimpleSwap
Accepts MoneroThird-party liquidityAML screeningMay request IDExcludes US usersClosed source5+ years operatingRuns an affiliate programmeRefund without ID
Where they sit among instant swaps
Questions
Is Chainflip or SimpleSwap safer?
Chainflip has the higher Safety grade: Chainflip 8.3, SimpleSwap 5.0, out of 10.
Does Chainflip or SimpleSwap require KYC?
Chainflip is KYC level 2 (ID in rare cases). SimpleSwap is KYC level 3 (ID on risk flag).
Which has more incidents on record?
Chainflip has 0 and SimpleSwap has 0 documented incidents in the registry.