SimpleSwap vs Swap Market
Swap Market has the higher grade on both axes: Safety 7.3 against 5.0, and Privacy 9.3 against 2.9.
SimpleSwap
Instant swap service with a broad coin list and an explicit freeze clause
Privacy
2.9/ 10
Poor
Safety
5.0/ 10
Caution
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
| SimpleSwap | 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, XMR, USDT, LTC, SOL, XRP, TRX | BTC, L-BTC, RBTC |
| Pay with | Crypto, Monero | Crypto, Lightning |
| Fees | Fee built into the rate; returning frozen funds costs 1% (minimum $100) per terms | Set by each backend provider and shown before the swap |
| Limits | Not published | Set by each backend provider |
| Founded | 2018 | 2024 |
| Not available in | US, UK, most EU states, China, India, Japan and sanctioned countries (terms s.4.3) | Not published |
| Incidents on record | 0 | 0 |
| Published tests (180 days) | 0 | 0 |
Only SimpleSwap
Accepts MoneroThird-party liquidityAML screeningMay request IDExcludes US usersClosed source5+ years operatingRuns an affiliate programmeRefund without ID
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 SimpleSwap or Swap Market safer?
Swap Market has the higher Safety grade: SimpleSwap 5.0, Swap Market 7.3, out of 10.
Does SimpleSwap or Swap Market require KYC?
SimpleSwap is KYC level 3 (ID on risk flag). Swap Market is KYC level 0 (ID never required).
Which has more incidents on record?
SimpleSwap has 0 and Swap Market has 0 documented incidents in the registry.