Swap front-end routing orders through third-party processing partners
Privacy 10.0
Safety 8.4
Instant Swaps Reviewed 22 Oct 2026
Explace review
Swap service that routes orders through a choice of third-party liquidity providers
- No account needed
- Accepts Monero
- No email needed
- May ask for ID
- Screens deposits
- Passes orders to partners
ID on risk flag KYC 3 Documentation reviewed
Privacy
2.7/ 10
Poor
Safety
3.0/ 10
Poor
Based on terms and documentation. No test transactions published yet. See the arithmetic
Explace review in short
Explace is a swap service. 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.
- 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
- custodial
- Incidents on record
- 0
- Last reviewed
- 22 Oct 2026
Cite this review
NoKYC Score, "Explace review", reviewed 22 Oct 2026, https://nokycscore.com/service/explace
Also available as plain text.
What Explace is
Explace is an instant swap service listing 2,500+ coins, where the user can pick the liquidity provider used for an order or leave it on automatic. Its terms say it runs on its own infrastructure plus third-party liquidity, custody and compliance providers. The AML policy (May 2026) says transactions may be reviewed with blockchain analytics, sanctions screening and liquidity-provider controls, that orders can be held or refused during a review, and that source-of-funds, wallet-ownership proof and identity verification "where legally required" may be requested; returning funds to the sending address is the stated preferred outcome when an order cannot proceed, unless a provider has frozen them. Users can ask support to pre-review a transaction. The terms bar the United States and sanctioned regions. No company is named.
What Explace offers, and what to watch
4 of 15 privacy and safety features, 6 warnings in its terms.
"Not stated" means its own pages do not say.
Identity
- ID never required No
- 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 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 The terms reserve the right to demand identity documents, often after a risk flag.
- Screens deposits Yes Deposits are scored by blockchain analytics; a flag can freeze them.
- Passes orders to partners Yes Orders go to upstream exchanges that apply their own screening.
- 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.
Does Explace require KYC?
- 0 Never
- 1 Not mentioned
- 2 Rare
- 3 On risk flag
- 4 Mandatory
KYC level 3: ID on risk flag. The terms allow funds to be held and identity demanded after an automated risk flag.
AML policy 4 and 7: orders may be suspended for review, and the service "may request ... proof of source of funds; proof of wallet ownership; transaction purpose information; identity verification where legally required".
How the grades add up
Both grades start at 50 points and move by fixed, published amounts. Nothing is adjusted by hand. The total is divided by ten.
Privacy
2.7- Starting points 50
- KYC level 3: ID on risk flag -14
- No registration +6
- Accepts Monero +4
- Third-party liquidity -3
- AML screening -7
- May request ID -7
- Closed source -2
- Total, clamped to 0–100 27
Safety
3.0- Starting points 50
- Third-party liquidity -6
- AML screening -3
- May request ID -4
- Closed source -3
- Anonymous operator -4
- Total, clamped to 0–100 30
Test ledger
Real transactions run by our editors. A badge without a ledger is an assertion; this is the proof.
No test transactions published yet
The grades above rest on Explace’s terms and documentation. Tests will appear here with the date, route, amount band and result as they are run.
Incidents on record
No incidents are on record for Explace. If you have a documented case, report it.
User reviews
Reviews never change a grade. Reviews with a transaction reference are marked.
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Explace: common questions
Does Explace require KYC?
Explace is rated KYC level 3 of 4 on this site: ID on risk flag. AML policy 4 and 7: orders may be suspended for review, and the service "may request ... proof of source of funds; proof of wallet ownership; transaction purpose information; identity verification where legally required".
Is Explace safe to use?
Explace 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 Explace legit?
Explace is a working swap service. 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 Explace 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 Explace. Its terms also allow it to hold a flagged deposit and ask for identity documents.
Do I need an account or email to use Explace?
No account needed.
Does Explace have a Tor onion address?
No official onion address was found on Explace's own pages.
Which cryptocurrencies does Explace support?
Explace supports BTC, ETH, BNB, XRP, SOL, TRX, DOGE, ZEC, XMR, LTC, USDT.
Is Explace custodial?
Yes. Explace holds funds during a trade, which means it is able to delay or freeze them.
Can I use Explace over Tor?
Explace does not publish an official onion address.
Listing history
- Listing added. Facts and KYC level set from the service's own terms and documentation.