Swap front-end routing orders through third-party processing partners
Privacy 10.0
Safety 8.4
Instant Swaps Reviewed 22 Oct 2026
Fswap review
Account-free swap service with a Private mode that refunds flagged orders instead of asking for ID
- No account needed
- Accepts Monero
- Refund without ID
- May ask for ID
- Screens deposits
- Passes orders to partners
ID on risk flag KYC 3 Documentation reviewed
Privacy
3.6/ 10
Poor
Safety
4.0/ 10
Caution
Based on terms and documentation. No test transactions published yet. See the arithmetic
Fswap review in short
Fswap is a swap service. Its terms put it at KYC level 3 of 4: ID on risk flag. NoKYC Score grades it 3.6/10 for privacy (poor) and 4.0/10 for safety (caution). 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 3.6/10, Safety 4.0/10
- Sign-up
- No account needed
- Custody
- custodial
- Incidents on record
- 0
- Last reviewed
- 22 Oct 2026
Cite this review
NoKYC Score, "Fswap review", reviewed 22 Oct 2026, https://nokycscore.com/service/fswap
Also available as plain text.
What Fswap is
Fswap is an instant exchange listing 4,000+ coins that needs no registration, with optional accounts for saved addresses, API keys and referral codes. Its terms say an automated risk system checks all transactions and may suspend an exchange that needs additional verification. They also say swaps may be executed through verified third-party liquidity providers, and that the source of funds is not verified except under internal procedures and applicable law. A separate Private Fswaps mode promises never to ask for identity documents: a transaction with a high AML risk score is refunded to the original wallet. The terms name no operating company or jurisdiction, and the AML policy linked from the order form could not be found.
What Fswap offers, and what to watch
5 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 Yes The terms commit to refunding a stopped order without identity documents.
- 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 Fswap 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.
Terms 2.2 and 2.16: an automated risk system may suspend exchanges for additional verification and source of funds may be checked under internal procedures; the Private Fswaps page says flagged private swaps are refunded and identity documents are never requested.
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
3.6- Starting points 50
- KYC level 3: ID on risk flag -14
- No registration +6
- Accepts Monero +4
- Third-party liquidity -3
- AML screening -7
- Refund without ID +2
- Closed source -2
- Total, clamped to 0–100 36
Safety
4.0- Starting points 50
- Third-party liquidity -6
- AML screening -3
- Refund without ID +6
- Closed source -3
- Anonymous operator -4
- Total, clamped to 0–100 40
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 Fswap’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 Fswap. 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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Write a review
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Fswap: common questions
Does Fswap require KYC?
Fswap is rated KYC level 3 of 4 on this site: ID on risk flag. Terms 2.2 and 2.16: an automated risk system may suspend exchanges for additional verification and source of funds may be checked under internal procedures; the Private Fswaps page says flagged private swaps are refunded and identity documents are never requested.
Is Fswap safe to use?
Fswap has a Safety grade of 4.0 out of 10 and a Privacy grade of 3.6 out of 10. No incidents are on record. Evidence level: documentation reviewed.
Is Fswap legit?
Fswap 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 4.0 out of 10, built from custody, liquidity, track record and incidents.
Is Fswap 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 Fswap. Its terms also allow it to hold a flagged deposit and ask for identity documents.
Do I need an account or email to use Fswap?
No account needed.
Does Fswap have a Tor onion address?
No official onion address was found on Fswap's own pages.
Which cryptocurrencies does Fswap support?
Fswap supports BTC, XMR, ETH, USDT, USDC, SOL, LTC, TON, ZEC, DASH, BNB.
Is Fswap custodial?
Yes. Fswap holds funds during a trade, which means it is able to delay or freeze them.
Can I use Fswap over Tor?
Fswap does not publish an official onion address.
Listing history
- Listing added. Facts and KYC level set from the service's own terms and documentation.