Lighter vs SafeTrade
Lighter has the higher grade on both axes: Safety 6.2 against 5.7, and Privacy 7.5 against 5.8.
Lighter
Zero-fee perpetuals and spot order book on an Ethereum layer 2, used with your own wallet
Privacy
7.5/ 10
Strong
Safety
6.2/ 10
Fair
No ID mentioned KYC 1 Docs reviewed Full review →
SafeTrade
Small-cap spot exchange with email sign-up and no ID clause in its terms
Privacy
5.8/ 10
Fair
Safety
5.7/ 10
Fair
No ID mentioned KYC 1 Docs reviewed Full review →
Side by side
| Lighter | SafeTrade | |
|---|---|---|
| Category | No-KYC Exchanges | No-KYC Exchanges |
| KYC policy | No ID mentioned | No ID mentioned |
| Custody | Non Custodial | Custodial |
| Sign-up | No account needed | Email required |
| Open source | No | No |
| Tor onion address | No | No |
| Coins | USDC, ETH, BTC, LIT | BTC, USDT, XMR, LTC, DOGE, ETH, SOL, USDC |
| Pay with | Crypto | Crypto, Monero |
| Fees | Standard accounts: 0% maker and taker on regular orders, 0.01% on TWAP/advanced orders and RFQ; Premium/Advanced from 0.004% maker / 0.028% taker | 0.10% maker / 0.10% taker on listed pairs (fees page) |
| Founded | Not published | 2018 |
| Jurisdiction | Not published | Panama |
| Not available in | United States, Canada, United Kingdom, China, North Korea, Russia, Ukraine, Cuba, Iran, Venezuela, Syria | Not published |
| Incidents on record | 0 | 0 |
| Published tests (180 days) | 0 | 0 |
Only Lighter
No registrationNo email neededNon-custodialExcludes US users
Both
No phone needed
Only SafeTrade
CustodialClosed sourceRequires emailAccepts Monero5+ years operatingLegal entity disclosedRuns an affiliate programme
Where they sit among no-kyc exchanges
Questions
Is Lighter or SafeTrade safer?
Lighter has the higher Safety grade: Lighter 6.2, SafeTrade 5.7, out of 10.
Does Lighter or SafeTrade require KYC?
Lighter is KYC level 1 (no ID mentioned). SafeTrade is KYC level 1 (no ID mentioned).
Which has more incidents on record?
Lighter has 0 and SafeTrade has 0 documented incidents in the registry.