Fswap vs THORChain
THORChain has the higher grade on both axes: Safety 5.9 against 4.0, and Privacy 8.5 against 3.6.
Fswap
Account-free swap service with a Private mode that refunds flagged orders instead of asking for ID
Privacy
3.6/ 10
Poor
Safety
4.0/ 10
Caution
ID on risk flag KYC 3 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
| Fswap | THORChain | |
|---|---|---|
| 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 | No |
| Coins | BTC, XMR, ETH, USDT, USDC, SOL, LTC, TON, ZEC, DASH, BNB | BTC, ETH, LTC, BCH, DOGE, ZEC, SOL, RUNE |
| Pay with | Crypto, Monero | Crypto |
| Fees | Not published | Source-chain gas, outbound gas and a liquidity fee that varies with swap size and pool depth (per FAQ) |
| Not available in | Terms 2.4: jurisdictions under comprehensive international sanctions, including OFAC-sanctioned jurisdictions | 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 Fswap
Accepts MoneroThird-party liquidityAML screeningRefund without IDClosed sourceRuns an affiliate programme
Both
No registrationAnonymous operator
Only THORChain
No email neededNo phone neededOpen sourceNon-custodial
Where they sit among instant swaps
Questions
Is Fswap or THORChain safer?
THORChain has the higher Safety grade: Fswap 4.0, THORChain 5.9, out of 10.
Does Fswap or THORChain require KYC?
Fswap is KYC level 3 (ID on risk flag). THORChain is KYC level 0 (ID never required).
Which has more incidents on record?
Fswap has 0 and THORChain has 1 documented incident in the registry.