# Explace review: KYC policy, privacy and safety grades

> 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.

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

## Key facts
- **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
- **Official website:** https://explace.io

## What it 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 the terms say about ID
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".

## Features and warnings
- **Identity:** ID never required: no; No account needed: yes; No email needed: yes; No phone number: yes
- **Payment:** Accepts Monero: yes; 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; Screens deposits: yes; Passes orders to partners: yes; Holds your funds: yes; Email required: not in terms; Phone number required: not in terms; Closed source: yes; Nobody accountable: yes

## 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.

## Sources
- https://explace.io
- https://explace.io/terms-of-use
- https://explace.io/aml-kyc
- https://explace.io/about
- https://explace.io/privacy

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