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Instant Swaps Reviewed 22 Oct 2026

eXch is closed

Former account-free instant swap service, closed in 2025 and its servers seized

Closed

Status

No longer operating

Announced closure for 1 May 2025; German authorities seized its servers and about EUR 34 million on 30 April 2025.

See alternatives

eXch review in short

eXch was a swap service and is no longer operating. Announced closure for 1 May 2025; German authorities seized its servers and about EUR 34 million on 30 April 2025.

Category
Instant Swaps
KYC level
1 of 4: No ID mentioned
Sign-up
No account needed
Custody
custodial
Incidents on record
1
Last reviewed
22 Oct 2026
Cite this review

NoKYC Score, "eXch review", reviewed 22 Oct 2026, https://nokycscore.com/service/exch

Also available as plain text.

What eXch is

eXch was an instant swap service reachable on clearnet and Tor that required no account and applied no identity checks. After allegations that part of the proceeds of the February 2025 Bybit theft passed through it, the operators announced that the service would close on 1 May 2025. On 30 April 2025 German federal police and the Frankfurt public prosecutor seized its German server infrastructure, reporting more than 8 TB of data and about EUR 34 million in crypto assets. Authorities said they suspect the operators of commercial money laundering; the operators denied laundering allegations. No arrests were reported.

What eXch offers, and what to watch

4 of 15 privacy and safety features, 3 warnings in its terms.

"Not stated" means its own pages do not say.

Identity

  • ID never required Not stated
  • No account needed Yes Usable without creating an account, or the account is only a random number.
  • No email needed Yes An email address is not required to sign up or use it.
  • No phone number Yes A phone number is never required.

Payment

  • Accepts Monero Yes Monero hides sender, receiver and amount, so the payment cannot be traced to you.
  • Accepts Lightning Not stated

Access

  • Tor onion address Not stated
  • Works without JavaScript Not stated

Trust

  • Never holds your funds No
  • Own liquidity Not stated
  • 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 Not in terms
  • Screens deposits Not in terms
  • Passes orders to partners Not in terms
  • Holds your funds Yes The operator controls user funds while they are on the platform.
  • Email required Not in terms
  • Phone number required Not in terms
  • Closed source Yes The code is not public, so its behaviour cannot be checked.
  • Nobody accountable Yes No company or person is publicly responsible for the service.

Incidents on record

critical

Seizure

German authorities seized servers, 8 TB of data and about EUR 34 million

After allegations that part of the proceeds of a major exchange theft in February 2025 passed through eXch, the service announced it would close on 1 May 2025. On 30 April 2025 German federal police and the Frankfurt prosecutor seized its German servers, reporting more than 8 TB of data and about EUR 34 million in crypto assets. Authorities said the operators are suspected of commercial money laundering; the operators had denied laundering allegations. No arrests were reported.

Service closed Source: elliptic.co ↗

User reviews

Reviews never change a grade. Reviews with a transaction reference are marked.

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What to use now that eXch is gone

All alternatives →

GhostSwap

Swap front-end routing orders through third-party processing partners

Privacy 10.0
Safety 8.4
Never KYC 0 Docs reviewed

Chainflip

Cross-chain DEX protocol for native BTC, ETH, SOL and stablecoin swaps

Privacy 7.1
Safety 8.3
Rare KYC 2 Docs reviewed

Swap Market

Open-source front end for atomic swaps between Bitcoin, Lightning, Liquid and Rootstock

Privacy 9.3
Safety 7.3
Never KYC 0 Docs reviewed

eigenwallet

Desktop wallet for peer-to-peer BTC-to-XMR atomic swaps, formerly UnstoppableSwap

Privacy 8.9
Safety 7.0
Never KYC 0 Docs reviewed

eXch: common questions

Is eXch still operating?

No. Announced closure for 1 May 2025; German authorities seized its servers and about EUR 34 million on 30 April 2025. See the alternatives listed on this page.

Listing history

  • Listing added. Facts and KYC level set from the service's own terms and documentation.
  • Incident recorded: German authorities seized servers, 8 TB of data and about EUR 34 million