Lightning Loop vs THORChain
It is a trade-off. Lightning Loop has the higher Safety grade (8.0 against 5.9), while THORChain has the higher Privacy grade (8.5 against 7.8).
Lightning Loop
Lightning Labs' non-custodial submarine swap service for moving sats between Lightning and on-chain
Privacy
7.8/ 10
Strong
Safety
8.0/ 10
Strong
No ID mentioned KYC 1 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
| Lightning Loop | THORChain | |
|---|---|---|
| Category | Instant Swaps | Instant Swaps |
| KYC policy | No ID mentioned | 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 | BTC, ETH, LTC, BCH, DOGE, ZEC, SOL, RUNE |
| Pay with | Crypto, Lightning | Crypto |
| Fees | Loop service fee varying with on-chain conditions, plus on-chain and routing fees; 30,000-sat no-show prepayment on Loop Out | Source-chain gas, outbound gas and a liquidity fee that varies with swap size and pool depth (per FAQ) |
| Founded | 2019 | Not published |
| Not available in | Not 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 Lightning Loop
Accepts Lightning5+ years operating
Both
No registrationNo email neededNo phone neededNon-custodialOpen source
Only THORChain
Anonymous operator
Where they sit among instant swaps
Questions
Is Lightning Loop or THORChain safer?
Lightning Loop has the higher Safety grade: Lightning Loop 8.0, THORChain 5.9, out of 10.
Does Lightning Loop or THORChain require KYC?
Lightning Loop is KYC level 1 (no ID mentioned). THORChain is KYC level 0 (ID never required).
Which has more incidents on record?
Lightning Loop has 0 and THORChain has 1 documented incident in the registry.