FuguSwap vs THORChain
THORChain has the higher grade on both axes: Safety 5.9 against 4.0, and Privacy 8.5 against 7.0.
FuguSwap
Instant swap whose terms rule out KYC entirely; flagged orders are auto-refunded after an hour
Privacy
7.0/ 10
Strong
Safety
4.0/ 10
Caution
ID never required KYC 0 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
| FuguSwap | THORChain | |
|---|---|---|
| Category | Instant Swaps | Instant Swaps |
| KYC policy | ID never required | 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, USDT | BTC, ETH, LTC, BCH, DOGE, ZEC, SOL, RUNE |
| Pay with | Crypto | Crypto |
| Fees | Service fee included in the quoted rate | Source-chain gas, outbound gas and a liquidity fee that varies with swap size and pool depth (per FAQ) |
| Not available in | United States, Cuba, Iran, Russia, Belarus, North Korea, St. Kitts and Nevis, Syria and territories under broad international sanctions (terms s.7) | 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 FuguSwap
AML screeningRefund without IDThird-party liquidityExcludes US usersClosed sourceRuns an affiliate programme
Both
No registrationNo email neededNo phone neededAnonymous operator
Only THORChain
Open sourceNon-custodial
Where they sit among instant swaps
Questions
Is FuguSwap or THORChain safer?
THORChain has the higher Safety grade: FuguSwap 4.0, THORChain 5.9, out of 10.
Does FuguSwap or THORChain require KYC?
FuguSwap is KYC level 0 (ID never required). THORChain is KYC level 0 (ID never required).
Which has more incidents on record?
FuguSwap has 0 and THORChain has 1 documented incident in the registry.