PLATOV vs THORChain
THORChain has the higher grade on both axes: Safety 5.9 against 4.0, and Privacy 8.5 against 2.7.
PLATOV
Broker-model crypto and fiat exchanger routing orders to partner exchanges since 2017
Privacy
2.7/ 10
Poor
Safety
4.0/ 10
Caution
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
| PLATOV | 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, XMR, LTC, XRP, SOL, TRX, ZEC, DASH | BTC, ETH, LTC, BCH, DOGE, ZEC, SOL, RUNE |
| Pay with | Crypto, Monero, Card, Bank transfer | Crypto |
| Fees | About 0.5% service fee plus about 2% spread per the fee FAQ | Source-chain gas, outbound gas and a liquidity fee that varies with swap size and pool depth (per FAQ) |
| Limits | Crypto-to-crypto $20 to $50,000; KYC may be requested above 1,000 USDT | Not published |
| Founded | 2017 | Not published |
| Not available in | AML/KYC policy section 9: United States, Canada, Singapore, Malaysia, Nigeria, Saudi Arabia, Iran, North Korea and others | 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 PLATOV
Accepts MoneroThird-party liquidityAML screeningMay request IDExcludes US usersClosed source5+ years operating
Both
No registrationAnonymous operator
Only THORChain
No email neededNo phone neededOpen sourceNon-custodial
Where they sit among instant swaps
Questions
Is PLATOV or THORChain safer?
THORChain has the higher Safety grade: PLATOV 4.0, THORChain 5.9, out of 10.
Does PLATOV or THORChain require KYC?
PLATOV is KYC level 3 (ID on risk flag). THORChain is KYC level 0 (ID never required).
Which has more incidents on record?
PLATOV has 0 and THORChain has 1 documented incident in the registry.