# Dawnswap review: KYC policy, privacy and safety grades

> Dawnswap is a P2P exchange. Its terms put it at KYC level 0 of 4: ID never required. NoKYC Score grades it 9.7/10 for privacy (excellent) and 6.6/10 for safety (fair). In its favour: no account needed, no email needed and no phone number. To watch: it has no publicly accountable operator. No incidents are on record.

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

## Key facts
- **Category:** P2P Exchanges
- **KYC level:** 0 of 4: ID never required
- **Grades:** Privacy 9.7/10, Safety 6.6/10
- **Sign-up:** No account needed
- **Custody:** non-custodial
- **Fees:** Maker 0%, taker 0.4%
- **Limits:** Minimum trade and deposit 0.02 XMR; minimum security deposit 5%
- **Jurisdiction:** Decentralised / none
- **Onion address:** Yes
- **Incidents on record:** 0
- **Last reviewed:** 22 Oct 2026
- **Official website:** https://www.dawnswap.com

## What it is
Dawnswap is a Haveno network run by the Dawn collective: open-source desktop software that lets users trade Monero directly with each other for other cryptocurrencies, precious-metal assets and fiat through many payment methods, including cash in person. The software runs on the user's machine, connects over Tor and keeps account data locally. The FAQ says Dawnswap does no KYC and never asks for credentials; only arbitrators request trade information from both parties when a dispute is opened. The network sets a 0% maker and 0.4% taker fee and a 0.02 XMR minimum trade, and the collective is anonymous.

## What the terms say about ID
FAQ: "Does Dawnswap do KYC? No" - it is open-source peer-to-peer software run locally, with no account held by an operator.

## Features and warnings
- **Identity:** ID never required: yes; No account needed: yes; No email needed: yes; No phone number: yes
- **Payment:** Accepts Monero: yes; Accepts Lightning: not stated; Accepts cash: yes
- **Access:** Tor onion address: yes; Works without JavaScript: not stated
- **Trust:** Never holds your funds: yes; Refund without ID: not stated; Escrow it cannot spend alone: not stated; Open source: yes; Independent audit: not stated; Company named: no; 5+ years operating: not stated
- **Warnings:** May ask for ID: not in terms; Screens deposits: 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: yes

## Questions
### Does Dawnswap require KYC?
Dawnswap is rated KYC level 0 of 4 on this site: ID never required. FAQ: "Does Dawnswap do KYC? No" - it is open-source peer-to-peer software run locally, with no account held by an operator.

### Is Dawnswap safe to use?
Dawnswap has a Safety grade of 6.6 out of 10 and a Privacy grade of 9.7 out of 10. No incidents are on record. Evidence level: documentation reviewed.

### Is Dawnswap legit?
Dawnswap is a working P2P exchange. 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 6.6 out of 10, built from custody, liquidity, track record and incidents.

### Is Dawnswap 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 Dawnswap.

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

### What fees does Dawnswap charge?
Maker 0%, taker 0.4%. Fees were recorded from Dawnswap's own pages and can change; check before you send.

### What are Dawnswap's limits?
Minimum trade and deposit 0.02 XMR; minimum security deposit 5%.

### Does Dawnswap have a Tor onion address?
Yes. Dawnswap publishes an official onion address, shown on this page. Open it in Tor Browser.

### Which cryptocurrencies does Dawnswap support?
Dawnswap supports XMR, BTC, ETH, LTC, BCH, USDT, USDC, DAI.

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

### Can I use Dawnswap over Tor?
Yes. Dawnswap publishes an official onion address, shown on this page.

## Sources
- https://www.dawnswap.com
- https://www.dawnswap.com/faq.html
- https://www.dawnswap.com/haveno.html
- https://www.dawnswap.com/contact.html
- https://www.dawnswap.com/resources.html

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