# DFX review: KYC policy, privacy and safety grades

> DFX is an exchange. Its terms put it at KYC level 4 of 4: ID mandatory. NoKYC Score grades it 0.3/10 for privacy (poor) and 6.2/10 for safety (fair). In its favour: own liquidity and company named. To watch: it may ask for ID, screens deposits and requires an email address. No incidents are on record.

Source: NoKYC Score, "DFX review", reviewed 22 Oct 2026, https://nokycscore.com/service/dfx-swiss

## Key facts
- **Category:** No-KYC Exchanges
- **KYC level:** 4 of 4: ID mandatory
- **Grades:** Privacy 0.3/10, Safety 6.2/10
- **Sign-up:** Email required
- **Custody:** non-custodial
- **Fees:** Standard for private individuals by bank transfer: 1.49% buy, 1.99% sell
- **Limits:** Limits are set per user by DFX. Terms require KYC before any use; homepage FAQ states KYC is mandatory from CHF 1,000 per transaction. The two texts conflict.
- **Jurisdiction:** Switzerland
- **Incidents on record:** 0
- **Last reviewed:** 22 Oct 2026
- **Official website:** https://dfx.swiss

## What it is
DFX AG, registered in Zug, Switzerland, sells and buys crypto against CHF and EUR bank transfers from its own inventory and sends purchases straight to the customer's wallet. Its terms and conditions (last updated 4 September 2026) state that the customer must register and complete identity verification before the services can be used, with an ID or passport copy, proof of address and a photo. Its homepage FAQ words this differently, saying KYC is mandatory for all transactions from CHF 1,000, and the documentation describes KYC levels starting with an email address; the terms are the stricter text. The company says it is a VQF member and publishes its code on GitHub.

## What the terms say about ID
Terms: 'Before DFX's financial services can be used, the customer must register and complete identity verification (KYC)'; the homepage FAQ instead says KYC is mandatory for transactions from CHF 1,000.

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

## Questions
### Does DFX require KYC?
DFX is rated KYC level 4 of 4 on this site: ID mandatory. Terms: 'Before DFX's financial services can be used, the customer must register and complete identity verification (KYC)'; the homepage FAQ instead says KYC is mandatory for transactions from CHF 1,000.

### Is DFX safe to use?
DFX has a Safety grade of 6.2 out of 10 and a Privacy grade of 0.3 out of 10. No incidents are on record. Evidence level: documentation reviewed.

### Is DFX legit?
DFX is a working exchange. It publishes the company that runs it, in Switzerland. Being real is not the same as being safe: its Safety grade here is 6.2 out of 10, built from custody, liquidity, track record and incidents.

### Is DFX 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 DFX. Its terms also allow it to hold a flagged deposit and ask for identity documents.

### Do I need an account or email to use DFX?
Email required.

### What fees does DFX charge?
Standard for private individuals by bank transfer: 1.49% buy, 1.99% sell. Fees were recorded from DFX's own pages and can change; check before you send.

### What are DFX's limits?
Limits are set per user by DFX. Terms require KYC before any use; homepage FAQ states KYC is mandatory from CHF 1,000 per transaction. The two texts conflict.

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

### Which cryptocurrencies does DFX support?
DFX supports BTC, ETH, and fiat payments in CHF, EUR.

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

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

## Sources
- https://dfx.swiss
- https://docs.dfx.swiss/en/tnc.html
- https://docs.dfx.swiss/en/faq.html
- https://github.com/DFXswiss

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