THORChain vs YBEX
THORChain has the higher grade on both axes: Safety 5.9 against 3.0, and Privacy 8.5 against 2.7.
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 →
YBEX
Instant swap with a private mode, using an exchange as liquidity provider; high-risk deposits frozen until KYC
Privacy
2.7/ 10
Poor
Safety
3.0/ 10
Poor
ID on risk flag KYC 3 Docs reviewed Full review →
Side by side
| THORChain | YBEX | |
|---|---|---|
| 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 | No | No |
| Coins | BTC, ETH, LTC, BCH, DOGE, ZEC, SOL, RUNE | BTC, ETH, USDT, XMR |
| Pay with | Crypto | Crypto, Monero |
| Fees | Source-chain gas, outbound gas and a liquidity fee that varies with swap size and pool depth (per FAQ) | Not published |
| Not available in | Site terms exclude sanctioned jurisdictions and those flagged by FATF; the FAQ says the protocol has no geographic restrictions | EU/EEA residents, citizens and entities (AML policy s.1.5 and terms) |
| Incidents on record | 1 | 0 |
| Published tests (180 days) | 0 | 0 |
Only THORChain
No email neededNo phone neededOpen sourceNon-custodial
Both
No registrationAnonymous operator
Only YBEX
Accepts MoneroThird-party liquidityAML screeningMay request IDClosed sourceRuns an affiliate programme
Where they sit among instant swaps
Questions
Is THORChain or YBEX safer?
THORChain has the higher Safety grade: THORChain 5.9, YBEX 3.0, out of 10.
Does THORChain or YBEX require KYC?
THORChain is KYC level 0 (ID never required). YBEX is KYC level 3 (ID on risk flag).
Which has more incidents on record?
THORChain has 1 and YBEX has 0 documented incidents in the registry.