Chainflip vs THORChain
It is a trade-off. Chainflip has the higher Safety grade (8.3 against 5.9), while THORChain has the higher Privacy grade (8.5 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 →
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
| Chainflip | THORChain | |
|---|---|---|
| Category | Instant Swaps | Instant Swaps |
| KYC policy | ID in rare cases | ID never required |
| 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, ETH, LTC, BCH, DOGE, ZEC, SOL, RUNE |
| Pay with | Crypto | Crypto |
| Fees | Not published | Source-chain gas, outbound gas and a liquidity fee that varies with swap size and pool depth (per FAQ) |
| Jurisdiction | Germany | Not published |
| Not available in | Persons subject to sanctions regimes are barred by the front-end terms; no country list 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 Chainflip
Independent auditLegal entity disclosed
Both
No registrationNo email neededNo phone neededOpen sourceNon-custodial
Only THORChain
Anonymous operator
Where they sit among instant swaps
Questions
Is Chainflip or THORChain safer?
Chainflip has the higher Safety grade: Chainflip 8.3, THORChain 5.9, out of 10.
Does Chainflip or THORChain require KYC?
Chainflip is KYC level 2 (ID in rare cases). THORChain is KYC level 0 (ID never required).
Which has more incidents on record?
Chainflip has 0 and THORChain has 1 documented incident in the registry.