Explace vs Swap Market
Swap Market has the higher grade on both axes: Safety 7.3 against 3.0, and Privacy 9.3 against 2.7.
Explace
Swap service that routes orders through a choice of third-party liquidity providers
Privacy
2.7/ 10
Poor
Safety
3.0/ 10
Poor
ID on risk flag KYC 3 Docs reviewed Full review →
Swap Market
Open-source front end for atomic swaps between Bitcoin, Lightning, Liquid and Rootstock
Privacy
9.3/ 10
Excellent
Safety
7.3/ 10
Strong
ID never required KYC 0 Docs reviewed Full review →
Side by side
| Explace | Swap Market | |
|---|---|---|
| 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 | Yes |
| Coins | BTC, ETH, BNB, XRP, SOL, TRX, DOGE, ZEC, XMR, LTC, USDT | BTC, L-BTC, RBTC |
| Pay with | Crypto, Monero | Crypto, Lightning |
| Fees | Not published | Set by each backend provider and shown before the swap |
| Limits | Not published | Set by each backend provider |
| Founded | Not published | 2024 |
| Not available in | United States, Cuba, Iran, North Korea, Sudan, Syria, Crimea, Donetsk, Luhansk, Zaporizhzhia and other comprehensively sanctioned territories | Not published |
| Incidents on record | 0 | 0 |
| Published tests (180 days) | 0 | 0 |
Only Explace
Accepts MoneroThird-party liquidityAML screeningMay request IDExcludes US usersRuns an affiliate programmeClosed sourceAnonymous operator
Both
No registration
Only Swap Market
No email neededNo phone neededTor onion serviceAccepts LightningOpen sourceNon-custodialSelf-hostable
Where they sit among instant swaps
Questions
Is Explace or Swap Market safer?
Swap Market has the higher Safety grade: Explace 3.0, Swap Market 7.3, out of 10.
Does Explace or Swap Market require KYC?
Explace is KYC level 3 (ID on risk flag). Swap Market is KYC level 0 (ID never required).
Which has more incidents on record?
Explace has 0 and Swap Market has 0 documented incidents in the registry.