# Chainflip review: KYC policy, privacy and safety grades

> Chainflip is a swap service. Its terms put it at KYC level 2 of 4: ID in rare cases. NoKYC Score grades it 7.1/10 for privacy (strong) and 8.3/10 for safety (strong). In its favour: no account needed, no email needed and no phone number. No incidents are on record.

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

## Key facts
- **Category:** Instant Swaps
- **KYC level:** 2 of 4: ID in rare cases
- **Grades:** Privacy 7.1/10, Safety 8.3/10
- **Sign-up:** No account needed
- **Custody:** non-custodial
- **Jurisdiction:** Germany
- **Incidents on record:** 0
- **Last reviewed:** 22 Oct 2026
- **Official website:** https://chainflip.io

## What it is
Chainflip is a proof-of-stake cross-chain exchange protocol in which a validator network holds native assets in threshold-signature vaults; swaps can be made by sending to a deposit channel without connecting a wallet. Its FAQ says the protocol does not validate user identity and collects no personal data. The official swap front end is operated by the Crosschain Association, whose terms bar sanctioned persons and allow it to suspend access to the interface if a user refuses to provide information about their identity on request. The legal notice names Chainflip Labs GmbH in Berlin, the backend code is public under Apache-2.0, and the site links a third-party security review.

## What the terms say about ID
The FAQ says no identity validation or personal data collection, but the swap front end's terms let the operator suspend access "if you refuse to provide any information with respect to your identity" following a request.

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

## Questions
### Does Chainflip require KYC?
Chainflip is rated KYC level 2 of 4 on this site: ID in rare cases. The FAQ says no identity validation or personal data collection, but the swap front end's terms let the operator suspend access "if you refuse to provide any information with respect to your identity" following a request.

### Is Chainflip safe to use?
Chainflip has a Safety grade of 8.3 out of 10 and a Privacy grade of 7.1 out of 10. No incidents are on record. Evidence level: documentation reviewed.

### Is Chainflip legit?
Chainflip is a working swap service. It publishes the company that runs it, in Germany. Being real is not the same as being safe: its Safety grade here is 8.3 out of 10, built from custody, liquidity, track record and incidents.

### Is Chainflip 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 Chainflip.

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

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

### Which cryptocurrencies does Chainflip support?
Chainflip supports BTC, ETH, SOL, USDC, USDT, DOT, TRX, FLIP.

### Is Chainflip custodial?
No. Chainflip is non-custodial: the operator does not control user funds.

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

## Sources
- https://chainflip.io
- https://chainflip.io/faq
- https://chainflip.io/legal-notice
- https://swap.chainflip.io/terms
- https://github.com/chainflip-io/chainflip-backend

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