Swap Market vs SwapGate
Swap Market has the higher grade on both axes: Safety 7.3 against 3.0, and Privacy 9.3 against 2.7.
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 →
SwapGate
Instant crypto swap service with fixed and floating rates, no account needed
Privacy
2.7/ 10
Poor
Safety
3.0/ 10
Poor
ID on risk flag KYC 3 Docs reviewed Full review →
Side by side
| Swap Market | SwapGate | |
|---|---|---|
| Category | Instant Swaps | Instant Swaps |
| KYC policy | ID never required | ID on risk flag |
| Custody | Non Custodial | Custodial |
| Sign-up | No account needed | No account needed |
| Open source | Yes | No |
| Tor onion address | Yes | No |
| Coins | BTC, L-BTC, RBTC | BTC, XMR, ETH, USDT, TRX, SOL, ZEC, XRP |
| Pay with | Crypto, Lightning | Crypto, Monero |
| Fees | Set by each backend provider and shown before the swap | 0.5% floating rate, 1% fixed rate, plus network fee (per terms) |
| Limits | Set by each backend provider | Not published |
| Founded | 2024 | Not published |
| Not available in | Not published | US and US territories, Russia, Belarus, Iran, North Korea, Syria, Afghanistan, Yemen, Libya, Pakistan, Somalia, Sudan and other listed territories per terms; EU/EEA residents excluded per AML policy |
| Incidents on record | 0 | 0 |
| Published tests (180 days) | 0 | 0 |
Only Swap Market
No email neededNo phone neededTor onion serviceAccepts LightningOpen sourceNon-custodialSelf-hostable
Both
No registration
Only SwapGate
Accepts MoneroThird-party liquidityAML screeningMay request IDExcludes US usersAnonymous operatorClosed sourceRuns an affiliate programme
Where they sit among instant swaps
Questions
Is Swap Market or SwapGate safer?
Swap Market has the higher Safety grade: Swap Market 7.3, SwapGate 3.0, out of 10.
Does Swap Market or SwapGate require KYC?
Swap Market is KYC level 0 (ID never required). SwapGate is KYC level 3 (ID on risk flag).
Which has more incidents on record?
Swap Market has 0 and SwapGate has 0 documented incidents in the registry.