n.exchange vs Swap Market
Swap Market has the higher grade on both axes: Safety 7.3 against 6.1, and Privacy 9.3 against 3.1.
n.exchange
Costa Rica-registered instant swap with internal reserves and a formal CDD/EDD programme
Privacy
3.1/ 10
Poor
Safety
6.1/ 10
Fair
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
| n.exchange | 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, USDT, USDC, SOL, LTC, XRP, XMR, PAXG | BTC, L-BTC, RBTC |
| Pay with | Crypto, Monero | Crypto, Lightning |
| Fees | Fees included in quotes; terms allow an AML/KYC compliance fee of up to 5% and up to 5% on approved refunds | Set by each backend provider and shown before the swap |
| Limits | Not published | Set by each backend provider |
| Founded | 2016 | 2024 |
| Jurisdiction | Costa Rica | Not published |
| Not available in | United States, United Kingdom, Iceland, Morocco, Algeria, Ecuador, Bolivia, North Macedonia, Egypt, Saudi Arabia, Iraq, Pakistan, Nepal, Bangladesh, China, Kyrgyzstan, Bahrain, Namibia, Qatar, Afghanistan, North Korea, Syria, Iran, Cuba, Belarus, Crimea, Venezuela, Russia | Not published |
| Incidents on record | 0 | 0 |
| Published tests (180 days) | 0 | 0 |
Only n.exchange
Accepts MoneroOwn liquidityAML screeningMay request IDExcludes US usersLegal entity disclosed5+ years operatingRuns an affiliate programmeClosed source
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 n.exchange or Swap Market safer?
Swap Market has the higher Safety grade: n.exchange 6.1, Swap Market 7.3, out of 10.
Does n.exchange or Swap Market require KYC?
n.exchange is KYC level 3 (ID on risk flag). Swap Market is KYC level 0 (ID never required).
Which has more incidents on record?
n.exchange has 0 and Swap Market has 0 documented incidents in the registry.