Highest Safety grade
GhostSwap
- Privacy
- 10.0
- Safety
- 8.4
- No account needed
- Accepts Monero
- Holds your funds
- Nobody accountable
Trade · October 2026
No-KYC crypto swap services
Instant swap services convert one cryptocurrency into another without an account: you paste a receiving address, send your coins and the service pays out. They are the most-used no-KYC tools, and also where most frozen-funds reports come from.
The reason is liquidity. Many swap sites do not hold their own reserves. They pass your order to a larger upstream exchange, and that exchange screens incoming coins. If its screening flags your deposit, the swap stops and you are asked for identity or source-of-funds documents by a company you never chose. Small test swaps go through, which is why star ratings look fine while large swaps get stuck. Each listing here shows the liquidity model, what the terms say about holds, and every documented incident with its outcome.
Instant Swaps in short
83 instant swaps usable without mandatory ID are listed and graded here. 13 have terms that rule out identity checks entirely, while 56 reserve the right to ask for ID after a risk flag. The highest Safety grade belongs to GhostSwap (8.4/10). 68 accept Monero and 16 publish a Tor onion address.
- Listed
- 83
- ID never required
- 13
- May ask for ID
- 56
- Accept Monero
- 68
- Onion address
- 16
- Incidents on record
- 11
Reflects the listings as of 22 Oct 2026.
Our picks
Where to start
-
-
Highest Privacy grade
Swap Market
- Privacy
- 9.3
- Safety
- 7.3
- No account needed
- Tor onion address
- Never holds your funds
-
Best that never asks for ID
eigenwallet
- Privacy
- 8.9
- Safety
- 7.0
- No account needed
- Accepts Monero
- Never holds your funds
Picked by rule from the recorded facts, not by payment. Compare GhostSwap and Chainflip side by side →
83 listed
Instant Swaps, ranked by Safety grade
Must have
| # | Service | KYC | Privacy | Safety | Evidence | Accepts | Incidents |
|---|---|---|---|---|---|---|---|
| 01 | GhostSwap Tor onion address Accepts Monero No account needed Open source Swap front-end routing orders through third-party processing partners | Never KYC 0 | 10.0 | 8.4 | Docs reviewed | BTCETHXMR +3 | |
| 02 |  Chainflip No account needed Never holds your funds Open source Cross-chain DEX protocol for native BTC, ETH, SOL and stablecoin swaps | Rare KYC 2 | 7.1 | 8.3 | Docs reviewed | BTCETHSOL +5 | |
| 03 | Swap Market Tor onion address No account needed Never holds your funds Open source Open-source front end for atomic swaps between Bitcoin, Lightning, Liquid and Rootstock | Never KYC 0 | 9.3 | 7.3 | Docs reviewed | BTCL-BTCRBTC | |
| 04 | eigenwallet Accepts Monero No account needed Never holds your funds Open source Desktop wallet for peer-to-peer BTC-to-XMR atomic swaps, formerly UnstoppableSwap | Never KYC 0 | 8.9 | 7.0 | Docs reviewed | BTCXMR | |
| 05 |  Bitania Accepts Monero No account needed Instant crypto swap paying out from its own liquidity, with PGP-signed swap receipts and a SimpleX bot | Never KYC 0 | 8.5 | 6.4 | Docs reviewed | BTCLTCXMR +6 | |
| 06 |  Godex Accepts Monero No account needed Registration-free instant exchange with no stated volume limits | Not mentioned KYC 1 | 7.6 | 6.3 | Docs reviewed | BTCETHXMR +4 | |
| 07 |  n.exchange Accepts Monero No account needed May ask for ID Costa Rica-registered instant swap with internal reserves and a formal CDD/EDD programme | On risk flag KYC 3 | 3.1 | 6.1 | Docs reviewed | BTCETHUSDT +6 | |
| 08 |  THORChain No account needed Never holds your funds Open source Cross-chain DEX protocol for native asset swaps, with an official swap interface | Never KYC 0 | 8.5 | 5.9 | Docs reviewed | BTCETHLTC +5 | |
| 09 |  xchange.me Tor onion address Accepts Monero No account needed Accountless floating-rate swap from privacy coins and BTC into 200+ assets | Not mentioned KYC 1 | 6.6 | 5.9 | Docs reviewed | BTCXMRETH +4 | |
| 10 |  SideShift.ai Accepts Monero No account needed May ask for ID Account-free shifting service with automated risk screening; not available in the US | On risk flag KYC 3 | 4.2 | 5.9 | Docs reviewed | BTCETHXMR +4 | |
| 11 |  WizardSwap Tor onion address Accepts Monero No account needed No-JavaScript swap service for privacy coins that says it uses its own liquidity | Not mentioned KYC 1 | 8.2 | 5.5 | Docs reviewed | BTCXMRLTC +5 | |
| 12 |  NativeSwap No account needed Never holds your funds Wallet-connect interface for native cross-chain swaps via THORChain and Maya | Not mentioned KYC 1 | 7.3 | 5.5 | Docs reviewed | BTCETHSOL +5 | |
| 13 |  Alfacash Accepts Monero May ask for ID Long-running instant crypto exchange operated by a Nevis-registered company | On risk flag KYC 3 | 2.4 | 5.5 | Docs reviewed | BTCETHLTC +5 | |
| 14 |  BitcoinVN Accepts Monero No account needed May ask for ID Vietnam-rooted swap desk operating since 2014; some orders need verification | Rare KYC 2 | 5.6 | 5.3 | Docs reviewed | BTCXMRETH +2 | |
| 15 |  ETZ-Swap Tor onion address Accepts Monero No account needed Accountless instant swap that says it trades from its own reserves | Not mentioned KYC 1 | 7.5 | 5.2 | Docs reviewed | BTCXMRETH +4 | |
| 16 |  SimpleSwap Accepts Monero No account needed May ask for ID Instant swap service with a broad coin list and an explicit freeze clause | On risk flag KYC 3 | 2.9 | 5.0 | Docs reviewed | BTCETHXMR +5 | |
| 17 |  0trace Tor onion address Accepts Monero No account needed Account-free private swap service with its own liquidity, Tor mirror and PGP-signed receipts | Never KYC 0 | 8.9 | 4.9 | Docs reviewed | BTCXMRUSDT +8 | |
| 18 |  Mistex Tor onion address Accepts Monero No account needed Account-free private swap service with a Tor mirror, no-logs policy and optional Monero sign-in | Never KYC 0 | 8.9 | 4.9 | Docs reviewed | BTCXMRETH +3 | |
| 19 |  FixedFloat Accepts Monero No account needed May ask for ID Account-free instant exchange with Lightning support and fixed or floating rates | On risk flag KYC 3 | 3.7 | 4.8 | Docs reviewed | BTCETHXMR +5 | |
| 20 |  Flyp.me No account needed May ask for ID Accountless crypto exchanger; terms allow ID requests on flagged transactions | On risk flag KYC 3 | 3.2 | 4.8 | Docs reviewed | ||
| 21 |  Mine.exchange Accepts Monero May ask for ID Russian-language exchanger for crypto, MoneyGo and bank cards run by a Costa Rica company | On risk flag KYC 3 | 2.7 | 4.8 | Docs reviewed | BTCBCHETH +13 | |
| 22 |  NEAR Intents No account needed Cross-chain swap front end where market makers compete to fill each order | Not mentioned KYC 1 | 6.4 | 4.7 | Docs reviewed | BTCETHSOL +4 | |
| 23 |  Swapuz Accepts Monero No account needed May ask for ID Instant swap service with fixed and floating rates and an AML/KYC policy | On risk flag KYC 3 | 3.4 | 4.7 | Docs reviewed | BTCETHXMR +2 | |
| 24 |  NeverKYC Accepts Monero No account needed Account-free swap that screens deposits and returns flagged ones to a refund address | Not mentioned KYC 1 | 7.1 | 4.6 | Docs reviewed | BTCXMRETH +2 | |
| 25 |  OctoSwap Accepts Monero No account needed Instant swap of 500+ coins with no registration; terms commit to returning failed swaps | Not mentioned KYC 1 | 6.9 | 4.6 | Docs reviewed | BTCETHXMR +1 | |
| 26 |  AvanChange Accepts Monero May ask for ID Russian-language exchanger for crypto, rubles and cash, operating since 2018 | On risk flag KYC 3 | 2.4 | 4.6 | Docs reviewed | BTCUSDTXMR +7 | |
| 27 |  The Change No account needed May ask for ID Instant crypto exchange run by a Panama-registered company, usable as a guest | On risk flag KYC 3 | 2.6 | 4.5 | Docs reviewed | BTCETHSOL +4 | |
| 28 |  CrystalTrade Accepts Monero May ask for ID Costa Rica-registered crypto exchanger with fiat payouts and blockchain-analytics risk scoring | On risk flag KYC 3 | 2.0 | 4.5 | Docs reviewed | BTCETHUSDT +7 | |
| 29 |  ChangeNOW Accepts Monero No account needed May ask for ID High-volume instant swap service; no account needed, AML/KYC policy applies | On risk flag KYC 3 | 2.7 | 4.4 | Docs reviewed | BTCETHXMR +5 | |
| 30 |  StealthEX Accepts Monero No account needed May ask for ID Account-free instant swaps with a published KYC/AML annex | On risk flag KYC 3 | 2.7 | 4.4 | Docs reviewed | BTCETHXMR +4 | |
| 31 |  Changelly Accepts Monero May ask for ID Long-running instant crypto exchange with a fiat on-ramp marketplace | On risk flag KYC 3 | 1.7 | 4.4 | Docs reviewed | BTCETHXMR +5 | |
| 32 |  Pablo Cash Tor onion address Accepts Monero No account needed Account-free swap service that works without JavaScript and pays out from a separate pool | Never KYC 0 | 8.9 | 4.3 | Docs reviewed | BTCXMRETH +8 | |
| 33 |  SWAP.MY Tor onion address No account needed Instant crypto swap and Telegram bot that also sells prepaid virtual cards | Never KYC 0 | 8.3 | 4.3 | Docs reviewed | BTCETHSOL +2 | |
| 34 |  SilentSwap No account needed Wallet-connect private cross-chain swap interface with multi-recipient payouts | Not mentioned KYC 1 | 5.9 | 4.3 | Docs reviewed | BTCETHSOL +5 | |
| 35 |  xchg Tor onion address Accepts Monero No account needed Accountless swap with plain-language terms, a no-JS version and an onion site | Never KYC 0 | 7.9 | 4.0 | Docs reviewed | USDTXMRXRP +1 | |
| 36 |  StereoSwap Tor onion address Accepts Monero No account needed Instant swap with a no-logs Oblivion mode, Monero-routed private swaps and a no-JavaScript version | Not mentioned KYC 1 | 7.3 | 4.0 | Docs reviewed | BTCXMRUSDT | |
| 37 |  PegasusSwap Accepts Monero No account needed Instant crypto swap with fixed and floating rates and no account | Never KYC 0 | 7.2 | 4.0 | Docs reviewed | BTCXMRETH +5 | |
| 38 |  FuguSwap No account needed Instant swap whose terms rule out KYC entirely; flagged orders are auto-refunded after an hour | Never KYC 0 | 7.0 | 4.0 | Docs reviewed | BTCUSDT | |
| 39 |  Fswap Accepts Monero No account needed May ask for ID Account-free swap service with a Private mode that refunds flagged orders instead of asking for ID | On risk flag KYC 3 | 3.6 | 4.0 | Docs reviewed | BTCXMRETH +8 | |
| 40 |  ChangeHero Accepts Monero No account needed May ask for ID Instant swap service; withheld-funds reports were logged in 2026 | On risk flag KYC 3 | 3.4 | 4.0 | Docs reviewed | BTCETHXMR +2 | |
| 41 |  PLATOV Accepts Monero No account needed May ask for ID Broker-model crypto and fiat exchanger routing orders to partner exchanges since 2017 | On risk flag KYC 3 | 2.7 | 4.0 | Docs reviewed | BTCETHUSDT +7 | |
| 42 |  CCE Cash Accepts Monero No account needed May ask for ID Account-free cross-chain swap service with fixed or floating rates | On risk flag KYC 3 | 2.5 | 4.0 | Docs reviewed | BTCETHXMR +5 | |
| 43 |  Mchanger No account needed May ask for ID Multilingual exchanger for crypto, e-money and cash (passport needed for cash); AMLBot screening | On risk flag KYC 3 | 2.4 | 4.0 | Docs reviewed | BTCUSDTETH +4 | |
| 44 |  BitSwitch Accepts Monero No account needed May ask for ID Signup-free swap with a refund address and a hybrid of own and third-party liquidity | On risk flag KYC 3 | 4.0 | 3.9 | Docs reviewed | BTCETHXMR +3 | |
| 45 |  SecureShift Accepts Monero No account needed May ask for ID Account-free instant swap site whose AML policy allows mandatory KYC on risk | On risk flag KYC 3 | 4.0 | 3.9 | Docs reviewed | BTCETHXMR +8 | |
| 46 |  Priamex Tor onion address Accepts Monero No account needed May ask for ID Registration-free swap for a short coin list with a no-JavaScript exchange page | On risk flag KYC 3 | 3.8 | 3.9 | Docs reviewed | BTCLTCXMR +4 | |
| 47 |  Ninja.Exchange Accepts Monero No account needed May ask for ID Account-free instant exchange routing trades to large centralised exchanges | On risk flag KYC 3 | 3.6 | 3.9 | Docs reviewed | BTCETHXMR +3 | |
| 48 |  PulseLN Accepts Monero No account needed May ask for ID No-signup instant swaps across Lightning, PulseChain and other networks | On risk flag KYC 3 | 3.3 | 3.9 | Docs reviewed | BTCPLSBNB +5 | |
| 49 |  ExWell Accepts Monero May ask for ID Crypto exchange and TRON energy rental run by a Belize company, with risk-scored swaps | On risk flag KYC 3 | 2.1 | 3.9 | Docs reviewed | XMRUSDTTRX +3 | |
| 50 |  xmr2cex Tor onion address Accepts Monero No account needed One-way Monero off-ramp that pays out coins sourced from centralised exchanges | Never KYC 0 | 8.4 | 3.7 | Docs reviewed | XMRBTCETH +7 | |
| 51 |  Wagyu Accepts Monero No account needed Account-free Monero and Zcash swaps routed through Hyperliquid's order book | Rare KYC 2 | 5.4 | 3.7 | Docs reviewed | XMRZECBTC +4 | |
| 52 |  Nanswap Accepts Monero No account needed May ask for ID Nano-focused instant exchange without accounts; terms reserve AML/KYC checks | On risk flag KYC 3 | 3.2 | 3.7 | Docs reviewed | XNOBANBTC +6 | |
| 53 |  Exolix Accepts Monero No account needed May ask for ID Instant swap service that sources liquidity from centralised exchanges | On risk flag KYC 3 | 2.7 | 3.7 | Docs reviewed | BTCETHXMR +5 | |
| 54 |  HiddenSwap Accepts Monero No account needed May ask for ID No-account crypto-to-crypto swap site whose orders are carried out by third-party providers | On risk flag KYC 3 | 3.4 | 3.6 | Docs reviewed | XMRBTCETH +4 | |
| 55 |  ChainSwap Accepts Monero No account needed May ask for ID Instant swap service advertising no accounts; its AML page reserves ID checks | On risk flag KYC 3 | 3.0 | 3.6 | Docs reviewed | BTCXMRETH +5 | |
| 56 |  InstantExchangers Accepts Monero No account needed May ask for ID Nigerian e-currency exchanger with crypto swaps and naira buy/sell; ID required above AML thresholds | On risk flag KYC 3 | 3.0 | 3.6 | Docs reviewed | BTCETHUSDT +7 | |
| 57 |  Rabbit Swap Accepts Monero No account needed May ask for ID Instant swap service routing through partner exchanges, with published AML thresholds | On risk flag KYC 3 | 2.9 | 3.6 | Docs reviewed | BTCXMRETH +5 | |
| 58 |  YellowChanger No account needed May ask for ID Russian-language exchanger for crypto and rubles (SBP, Sber); ID can be demanded on high-risk deposits | On risk flag KYC 3 | 2.6 | 3.6 | Docs reviewed | BTCUSDTETH | |
| 59 |  AlwaysMoney Accepts Monero May ask for ID Order-based crypto and bank-card exchanger with BitOK risk scoring | On risk flag KYC 3 | 2.0 | 3.6 | Docs reviewed | BTCXMRETH +9 | |
| 60 |  BitcoinBox May ask for ID Order-based exchanger whose policy sets risk-score bands and Sumsub KYC on flagged orders | On risk flag KYC 3 | 2.0 | 3.6 | Docs reviewed | ||
| 61 |  RubyCash Accepts Monero May ask for ID Order-based crypto exchanger with risk-level blocking and ID on suspicion | On risk flag KYC 3 | 2.0 | 3.6 | Docs reviewed | BTCETHUSDT +7 | |
| 62 |  BitFlaming May ask for ID Semi-automatic exchanger working with Russian bank cards, with mandatory AML checks | On risk flag KYC 3 | 1.5 | 3.6 | Docs reviewed | BTC | |
| 63 |  Mix Swap Accepts Monero No account needed May ask for ID Instant swap front-end routing orders to third-party exchanges; not a mixer despite the name | On risk flag KYC 3 | 3.4 | 3.3 | Docs reviewed | BTCETHXMR +2 | |
| 64 | Majestic Bank Tor onion address Accepts Monero No account needed Small no-account BTC/XMR swap service with an onion address; clearnet site unreachable | Not mentioned KYC 1 | 7.6 | 3.0 | Suspended | XMRBTCLTC +3 | |
| 65 |  CoinCraddle Tor onion address Accepts Monero No account needed May ask for ID Instant exchange for 1,800+ coins with optional accounts and AMLBot risk scoring | On risk flag KYC 3 | 3.1 | 3.0 | Docs reviewed | BTCETHXMR +6 | |
| 66 |  GoExme Tor onion address Accepts Monero No account needed May ask for ID Registration-free swap with AMLBot risk scoring and holds of up to a year on failed checks | On risk flag KYC 3 | 3.1 | 3.0 | Docs reviewed | BTCETHUSDT +7 | |
| 67 |  BitXchange Accepts Monero No account needed May ask for ID Account-free instant swap filled on centralised exchanges, with automated AML screening | On risk flag KYC 3 | 3.0 | 3.0 | Docs reviewed | BTCETHUSDT +5 | |
| 68 |  Baltex Accepts Monero No account needed May ask for ID Swap service with standard, Monero-routed private, DEX and card-purchase modes | On risk flag KYC 3 | 2.7 | 3.0 | Docs reviewed | BTCXMRETH +5 | |
| 69 |  Changee Accepts Monero No account needed May ask for ID Instant swap of 2,000+ coins via liquidity providers; flagged swaps are held for AML/KYC | On risk flag KYC 3 | 2.7 | 3.0 | Docs reviewed | BTCETHXMR +3 | |
| 70 |  EXC24 Accepts Monero No account needed May ask for ID Automatic account-free swap service using third-party liquidity providers | On risk flag KYC 3 | 2.7 | 3.0 | Docs reviewed | BTCETHXRP +5 | |
| 71 |  Explace Accepts Monero No account needed May ask for ID Swap service that routes orders through a choice of third-party liquidity providers | On risk flag KYC 3 | 2.7 | 3.0 | Docs reviewed | BTCETHBNB +8 | |
| 72 |  Fujn Swap Accepts Monero No account needed May ask for ID Accountless swap front end whose orders are executed by FixedFloat | On risk flag KYC 3 | 2.7 | 3.0 | Docs reviewed | BTCXMRETH +3 | |
| 73 |  SnapSwap Accepts Monero No account needed May ask for ID Instant swap service that screens deposits before routing them to liquidity partners | On risk flag KYC 3 | 2.7 | 3.0 | Docs reviewed | BTCXMRETH +5 | |
| 74 |  SwapGate Accepts Monero No account needed May ask for ID Instant crypto swap service with fixed and floating rates, no account needed | On risk flag KYC 3 | 2.7 | 3.0 | Docs reviewed | BTCXMRETH +5 | |
| 75 |  Swappix Accepts Monero No account needed May ask for ID Instant swap of 570+ coins via third-party exchange providers; flagged swaps held for AML/KYC | On risk flag KYC 3 | 2.7 | 3.0 | Docs reviewed | BTCUSDTETH +3 | |
| 76 |  Xgram.io Accepts Monero No account needed May ask for ID Instant cross-chain swap service with multi-output swaps and no registration | On risk flag KYC 3 | 2.7 | 3.0 | Docs reviewed | BTCXMRETH +5 | |
| 77 |  YBEX Accepts Monero No account needed May ask for ID Instant swap with a private mode, using an exchange as liquidity provider; high-risk deposits frozen until KYC | On risk flag KYC 3 | 2.7 | 3.0 | Docs reviewed | BTCETHUSDT +1 | |
| 78 |  Expeer Accepts Monero No account needed May ask for ID Crypto-only instant swap with Lightning; deposits risk-scored and held for ID above set thresholds | On risk flag KYC 3 | 2.4 | 3.0 | Docs reviewed | BTCETHUSDT +7 | |
| 79 |  EasyBit No account needed May ask for ID Instant crypto-to-crypto exchange usable as a guest, with volume-based fees | On risk flag KYC 3 | 2.3 | 3.0 | Docs reviewed | BTCETHBNB +4 | |
| 80 |  CoinPayMaster Accepts Monero No account needed May ask for ID Russian-language exchanger for crypto, rubles and cash; AML checks with BitOK/Coinkyt and SumSub KYC | On risk flag KYC 3 | 1.9 | 3.0 | Docs reviewed | BTCETHUSDT +5 | |
| 81 |  Lizex Accepts Monero No account needed May ask for ID Instant swap service with reported AML holds on stablecoin swaps in 2026 | On risk flag KYC 3 | 3.0 | 1.5 | Docs reviewed | BTCXMRUSDT +1 | |
| 82 |  Swapter Accepts Monero No account needed May ask for ID Instant swap service with documented unresolved large-swap disputes | On risk flag KYC 3 | 2.7 | 0.1 | Docs reviewed | BTCETHXMR +2 | |
| 83 |  Swaps.org Accepts Monero No account needed Never holds your funds Desktop wallet for cross-chain atomic swaps between BTC, XMR, ETH and stablecoins | Not mentioned KYC 1 | – | – | Unrated | BTCETHXMR +3 |
Live swap rates Monero exchanges Own liquidity Refund without ID Onion address
Check the rules where you live
Whether a provider may serve customers in your country depends on local licensing rules. A listing describes a service; it is not an invitation to use it and not financial advice.Across all 83
How they compare on features
The share of listed services that offer each feature, and that carry each warning in their terms. Select a row to see the services behind it.
How many offer
How many have this in their terms
Hold risk
Where the liquidity comes from, and what the terms allow
Most held swaps trace back to the same chain of events: the order is passed to a partner exchange, the partner screens the deposit, and a flag turns into a request for documents. These columns are the facts that decide it. "Not stated" means the service's own pages do not say, which is different from no.
| Service | Liquidity | Screening | ID | Refund, no ID | Onion | Holds | Safety |
|---|---|---|---|---|---|---|---|
| Own reserves | Not stated | Never KYC 0 | In the terms | Yes | 0 | 8.4 | |
| On-chain protocol | Not stated | Rare KYC 2 | Not stated | — | 0 | 8.3 | |
| On-chain protocol | Not stated | Never KYC 0 | Not stated | Yes | 0 | 7.3 | |
| On-chain protocol | Not stated | Never KYC 0 | Not stated | — | 0 | 7.0 | |
| Own reserves | Not stated | Never KYC 0 | In the terms | — | 0 | 6.4 | |
| Not stated | Not stated | Not mentioned KYC 1 | In the terms | — | 0 | 6.3 | |
| Own reserves | Yes | On risk flag KYC 3 | Not stated | — | 0 | 6.1 | |
| On-chain protocol | Not stated | Never KYC 0 | Not stated | — | 0 | 5.9 | |
| Partner exchanges | Yes | Not mentioned KYC 1 | In the terms | Yes | 0 | 5.9 | |
| Not stated | Yes | On risk flag KYC 3 | Not stated | — | 0 | 5.9 | |
| Own reserves | Not stated | Not mentioned KYC 1 | In the terms | Yes | 0 | 5.5 | |
| On-chain protocol | Not stated | Not mentioned KYC 1 | Not stated | — | 0 | 5.5 | |
| Not stated | Yes | On risk flag KYC 3 | Not stated | — | 0 | 5.5 | |
| Not stated | Not stated | Rare KYC 2 | Not stated | — | 0 | 5.3 | |
| Own reserves | Yes | Not mentioned KYC 1 | In the terms | Yes | 0 | 5.2 | |
| Partner exchanges | Yes | On risk flag KYC 3 | In the terms | — | 0 | 5.0 | |
| Own reserves | Not stated | Never KYC 0 | Not stated | Yes | 0 | 4.9 | |
| Own reserves | Not stated | Never KYC 0 | Not stated | Yes | 0 | 4.9 | |
| Not stated | Yes | On risk flag KYC 3 | In the terms | — | 1 | 4.8 | |
| Not stated | Yes | On risk flag KYC 3 | Not stated | — | 0 | 4.8 | |
| Not stated | Not stated | On risk flag KYC 3 | Not stated | — | 0 | 4.8 | |
| Not stated | Yes | Not mentioned KYC 1 | Not stated | — | 0 | 4.7 | |
| Partner exchanges | Yes | On risk flag KYC 3 | Not stated | — | 0 | 4.7 | |
| Not stated | Yes | Not mentioned KYC 1 | In the terms | — | 0 | 4.6 | |
| Not stated | Yes | Not mentioned KYC 1 | In the terms | — | 0 | 4.6 | |
| Not stated | Yes | On risk flag KYC 3 | Not stated | — | 0 | 4.6 | |
| Not stated | Yes | On risk flag KYC 3 | Not stated | — | 0 | 4.5 | |
| Not stated | Yes | On risk flag KYC 3 | Not stated | — | 0 | 4.5 | |
| Partner exchanges | Yes | On risk flag KYC 3 | Not stated | — | 0 | 4.4 | |
| Partner exchanges | Yes | On risk flag KYC 3 | Not stated | — | 0 | 4.4 | |
| Partner exchanges | Yes | On risk flag KYC 3 | Not stated | — | 0 | 4.4 | |
| Not stated | Not stated | Never KYC 0 | Not stated | Yes | 0 | 4.3 | |
| Not stated | Not stated | Never KYC 0 | Not stated | Yes | 0 | 4.3 | |
| Partner exchanges | Yes | Not mentioned KYC 1 | Not stated | — | 0 | 4.3 | |
| Partner exchanges | Yes | Never KYC 0 | In the terms | Yes | 0 | 4.0 | |
| Partner exchanges | Yes | Not mentioned KYC 1 | In the terms | — | 0 | 4.0 | |
| Not stated | Yes | Never KYC 0 | Not stated | — | 0 | 4.0 | |
| Partner exchanges | Yes | Never KYC 0 | In the terms | — | 0 | 4.0 | |
| Partner exchanges | Yes | On risk flag KYC 3 | In the terms | — | 0 | 4.0 | |
| Partner exchanges | Not stated | On risk flag KYC 3 | Not stated | — | 1 | 4.0 | |
| Partner exchanges | Yes | On risk flag KYC 3 | Not stated | — | 0 | 4.0 | |
| Partner exchanges | Yes | On risk flag KYC 3 | In the terms | — | 0 | 4.0 | |
| Partner exchanges | Yes | On risk flag KYC 3 | Not stated | — | 0 | 4.0 | |
| Not stated | Not stated | On risk flag KYC 3 | Not stated | — | 0 | 3.9 | |
| Not stated | Not stated | On risk flag KYC 3 | Not stated | — | 0 | 3.9 | |
| Not stated | Not stated | On risk flag KYC 3 | Not stated | Yes | 0 | 3.9 | |
| Partner exchanges | Not stated | On risk flag KYC 3 | In the terms | — | 0 | 3.9 | |
| Not stated | Yes | On risk flag KYC 3 | Not stated | — | 0 | 3.9 | |
| Partner exchanges | Yes | On risk flag KYC 3 | Not stated | — | 0 | 3.9 | |
| Partner exchanges | Not stated | Never KYC 0 | Not stated | Yes | 0 | 3.7 | |
| Partner exchanges | Yes | Rare KYC 2 | Not stated | — | 0 | 3.7 | |
| Partner exchanges | Yes | On risk flag KYC 3 | Not stated | — | 0 | 3.7 | |
| Partner exchanges | Yes | On risk flag KYC 3 | Not stated | — | 0 | 3.7 | |
| Partner exchanges | Yes | On risk flag KYC 3 | In the terms | — | 0 | 3.6 | |
| Not stated | Yes | On risk flag KYC 3 | Not stated | — | 0 | 3.6 | |
| Not stated | Yes | On risk flag KYC 3 | Not stated | — | 0 | 3.6 | |
| Partner exchanges | Yes | On risk flag KYC 3 | In the terms | — | 0 | 3.6 | |
| Not stated | Yes | On risk flag KYC 3 | Not stated | — | 0 | 3.6 | |
| Not stated | Yes | On risk flag KYC 3 | Not stated | — | 0 | 3.6 | |
| Not stated | Yes | On risk flag KYC 3 | Not stated | — | 0 | 3.6 | |
| Not stated | Yes | On risk flag KYC 3 | Not stated | — | 0 | 3.6 | |
| Partner exchanges | Yes | On risk flag KYC 3 | In the terms | — | 0 | 3.6 | |
| Partner exchanges | Not stated | On risk flag KYC 3 | Not stated | — | 0 | 3.3 | |
| Partner exchanges | Yes | On risk flag KYC 3 | Not stated | Yes | 0 | 3.0 | |
| Partner exchanges | Yes | On risk flag KYC 3 | Not stated | Yes | 0 | 3.0 | |
| Partner exchanges | Yes | On risk flag KYC 3 | Not stated | — | 0 | 3.0 | |
| Partner exchanges | Yes | On risk flag KYC 3 | Not stated | — | 0 | 3.0 | |
| Partner exchanges | Yes | On risk flag KYC 3 | Not stated | — | 0 | 3.0 | |
| Partner exchanges | Yes | On risk flag KYC 3 | Not stated | — | 0 | 3.0 | |
| Partner exchanges | Yes | On risk flag KYC 3 | Not stated | — | 0 | 3.0 | |
| Partner exchanges | Yes | On risk flag KYC 3 | Not stated | — | 0 | 3.0 | |
| Partner exchanges | Yes | On risk flag KYC 3 | Not stated | — | 0 | 3.0 | |
| Partner exchanges | Yes | On risk flag KYC 3 | Not stated | — | 0 | 3.0 | |
| Partner exchanges | Yes | On risk flag KYC 3 | Not stated | — | 0 | 3.0 | |
| Partner exchanges | Yes | On risk flag KYC 3 | Not stated | — | 0 | 3.0 | |
| Partner exchanges | Yes | On risk flag KYC 3 | Not stated | — | 0 | 3.0 | |
| Partner exchanges | Yes | On risk flag KYC 3 | Not stated | — | 0 | 3.0 | |
| Partner exchanges | Yes | On risk flag KYC 3 | Not stated | — | 0 | 3.0 | |
| Partner exchanges | Yes | On risk flag KYC 3 | Not stated | — | 0 | 3.0 | |
| Partner exchanges | Yes | On risk flag KYC 3 | Not stated | — | 1 | 1.5 | |
| Partner exchanges | Yes | On risk flag KYC 3 | Not stated | — | 2 | 0.1 |
Criteria
What we check for every swap service
- Own reserves versus third-party liquidity
- What the terms say about AML screening, holds and refunds
- Whether a refund is possible without identity documents
- Documented held-funds cases: amount, days held, outcome
On record
Recent incidents among instant swaps
high
Shutdown LetsExchange
Official notice: exchange operations ceased on 1 October 2026
The LetsExchange website displays a notice stating that the service ceased its exchange operations on 1 October 2026 and that customer support remains available until 30 November 2026. The notice read during this review did not give a reason for the closure. Users with unresolved orders therefore have until the end of November 2026 to contact support. No reports of unpaid swaps tied to the closure were reviewed.
Service closed Source: letsexchange.io ↗
high
Funds held Lizex
Reported hold of 18,470 USDC and $30,000 USDT after AML flags
The directory kycnot.me reports that Lizex held 18,470 USDC from 17 September 2026 after an AML flag and has held $30,000 in USDT since June 2026, about $48,000 in total. According to that account, the swap service attributed the hold to its liquidity partner, which told the user that the wallet in question was not its own. The directory flagged the listing as a scam and described the cases as ongoing.
Unresolved $48K Source: kycnot.me ↗
medium
Funds held ChangeHero
Reported withheld funds; one $94,000 case released after identity verification
The public event log of the directory kycnot.me recorded on 1 September 2026 several reports of ChangeHero withholding funds from swaps. In one case involving about $94,000, the user reportedly had to complete identity verification before the funds were released. The official site could not be read during this review, so the clause relied on by the service was not confirmed. Other reported cases were not described in enough detail to establish their outcome.
Resolved only after ID $94K Source: kycnot.me ↗
low
Policy change Swapuz
Reported undisclosed fee on transfers classed as high-risk
The public event log of the directory kycnot.me recorded on 2 July 2026 a user report that Swapuz had charged an undisclosed fee on a transfer it classed as high-risk. According to that log, the aggregator OrangeFren intervened and negotiated a refund for the user. Swapuz publishes an AML/KYC policy alongside its terms of use. The size of the fee and the criteria for the high-risk classification were not stated.
Resolved, user paid out Source: kycnot.me ↗
Closed
Services that no longer operate
- eXchAlternatives →
Announced closure for 1 May 2025; German authorities seized its servers and about EUR 34 million on 30 April 2025.
-
LetsExchangeAlternatives →The official site states that exchange operations ceased on 1 October 2026, with support available until 30 November 2026.
Questions
Instant Swaps: common questions
Why do swap services freeze funds?
Almost always because an automated blockchain-analytics check, run by the service or by its upstream liquidity provider, scored the deposit as high risk. The service then holds the coins and asks for identity or source-of-funds documents.
How do I reduce the risk of a held swap?
Prefer services with their own liquidity and terms that promise a refund to the sending address without documents. Start with a small amount, and split large swaps. Check the incident history on the listing before sending.
What is a no-KYC crypto swap?
A service that converts one cryptocurrency into another with no account and no identity upload. You give a receiving address, send your coins to a deposit address and get the other coin paid out, usually within half an hour.
Can a no-KYC swap still ask for ID?
Many can. A homepage that says "no KYC" does not override terms that allow the service, or the exchange it sources liquidity from, to hold a flagged deposit and request documents. The KYC level on each listing is taken from the terms, and the table on this page shows which services screen deposits.
Which swap services use their own liquidity?
The ones marked "Own reserves" in the table. They fill orders from coins they hold, so no upstream exchange screens your deposit. Services that route through on-chain protocols are marked separately: there, settlement is done by the protocol and not by a company holding your coins.
What is the difference between an instant swap and a cross-chain DEX?
An instant swap is a company that receives your coins and sends you others. A cross-chain decentralised exchange settles the trade through a protocol run by many validators, so no single operator holds the funds, though the website you use to reach it can still block addresses or regions.
Is a swap aggregator safer than a single swap service?
An aggregator shows more rates and sometimes adds its own guarantee, but your coins still go to the underlying service. Read the guarantee terms: most exclude holds that the provider’s own rules allow.
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