# Baltex review: KYC policy, privacy and safety grades

> Baltex is a swap service operating since 2025. Its terms put it at KYC level 3 of 4: ID on risk flag. NoKYC Score grades it 2.7/10 for privacy (poor) and 3.0/10 for safety (poor). In its favour: no account needed, no email needed and no phone number. To watch: it may ask for ID, screens deposits and passes orders to partner exchanges. No incidents are on record.

Source: NoKYC Score, "Baltex review", reviewed 22 Oct 2026, https://nokycscore.com/service/baltex

## Key facts
- **Category:** Instant Swaps
- **KYC level:** 3 of 4: ID on risk flag
- **Grades:** Privacy 2.7/10, Safety 3.0/10
- **Sign-up:** No account needed
- **Custody:** mixed
- **Fees:** Fee included in the quoted rate; user-error refunds only above $50 with a $50 processing fee plus network fees; AML refunds carry network fees only (per terms)
- **Limits:** Minimum set dynamically with reference to network fees
- **Incidents on record:** 0
- **Last reviewed:** 22 Oct 2026
- **Official website:** https://baltex.io

## What it is
Baltex, active since 2025, offers deposit-address swaps, a private mode routed through Monero, a wallet-connect DEX layer and card purchases through external payment providers. Its terms are governed by the laws of Costa Rica and name no company. They state that every transaction is screened in both directions by a licensed blockchain analytics provider, that flagged transactions are suspended for manual review, and that the compliance team may then request government ID, a selfie, proof of address, proof of wallet ownership and source-of-funds documents. The terms also say completed deposits are consolidated into Baltex hot wallets and payouts come from those wallets or from licensed liquidity providers.

## What the terms say about ID
Terms section 3: flagged transactions are "suspended and referred to the Baltex compliance team", which may request identity verification and source-of-funds documentation at its discretion.

## Features and warnings
- **Identity:** ID never required: no; No account needed: yes; No email needed: yes; No phone number: yes
- **Payment:** Accepts Monero: yes; Accepts Lightning: not stated
- **Access:** Tor onion address: not stated; Works without JavaScript: not stated
- **Trust:** Never holds your funds: not stated; Own liquidity: no; Refund without ID: not stated; Open source: no; Independent audit: not stated; Company named: no; 5+ years operating: not stated
- **Warnings:** May ask for ID: yes; Screens deposits: yes; Passes orders to partners: yes; Holds your funds: not in terms; Email required: not in terms; Phone number required: not in terms; Closed source: yes; Nobody accountable: yes

## Questions
### Does Baltex require KYC?
Baltex is rated KYC level 3 of 4 on this site: ID on risk flag. Terms section 3: flagged transactions are "suspended and referred to the Baltex compliance team", which may request identity verification and source-of-funds documentation at its discretion.

### Is Baltex safe to use?
Baltex has a Safety grade of 3.0 out of 10 and a Privacy grade of 2.7 out of 10. No incidents are on record. Evidence level: documentation reviewed.

### Is Baltex legit?
Baltex is a working swap service that has operated since 2025. Its operators do not publish a company or names, so nobody is publicly accountable for it. Being real is not the same as being safe: its Safety grade here is 3.0 out of 10, built from custody, liquidity, track record and incidents.

### Is Baltex a scam?
NoKYC Score does not label services as scams; it records documented incidents with their sources and outcomes. No incidents are on record for Baltex. Its terms also allow it to hold a flagged deposit and ask for identity documents.

### Do I need an account or email to use Baltex?
No account needed.

### What fees does Baltex charge?
Fee included in the quoted rate; user-error refunds only above $50 with a $50 processing fee plus network fees; AML refunds carry network fees only (per terms). Fees were recorded from Baltex's own pages and can change; check before you send.

### What are Baltex's limits?
Minimum set dynamically with reference to network fees.

### Does Baltex have a Tor onion address?
No official onion address was found on Baltex's own pages.

### Which cryptocurrencies does Baltex support?
Baltex supports BTC, XMR, ETH, USDT, USDC, SOL, ZEC, TON.

### Is Baltex custodial?
Baltex uses a mixed custody model. Read the listing for details.

### Can I use Baltex over Tor?
Baltex does not publish an official onion address.

## Sources
- https://baltex.io
- https://baltex.io/legal/terms-of-services
- https://baltex.io/legal/terms-of-services/baltex
- https://baltex.io/about-us

How grades are calculated: https://nokycscore.com/methodology