n.exchange vs THORChain
It is a trade-off. n.exchange has the higher Safety grade (6.1 against 5.9), while THORChain has the higher Privacy grade (8.5 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 →
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
| n.exchange | 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, ETH, USDT, USDC, SOL, LTC, XRP, XMR, PAXG | BTC, ETH, LTC, BCH, DOGE, ZEC, SOL, RUNE |
| Pay with | Crypto, Monero | Crypto |
| Fees | Fees included in quotes; terms allow an AML/KYC compliance fee of up to 5% and up to 5% on approved refunds | Source-chain gas, outbound gas and a liquidity fee that varies with swap size and pool depth (per FAQ) |
| Founded | 2016 | Not published |
| 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 | 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 n.exchange
Accepts MoneroOwn liquidityAML screeningMay request IDExcludes US usersLegal entity disclosed5+ years operatingRuns an affiliate programmeClosed source
Both
No registration
Only THORChain
No email neededNo phone neededOpen sourceNon-custodialAnonymous operator
Where they sit among instant swaps
Questions
Is n.exchange or THORChain safer?
n.exchange has the higher Safety grade: n.exchange 6.1, THORChain 5.9, out of 10.
Does n.exchange or THORChain require KYC?
n.exchange is KYC level 3 (ID on risk flag). THORChain is KYC level 0 (ID never required).
Which has more incidents on record?
n.exchange has 0 and THORChain has 1 documented incident in the registry.