# n.exchange review: KYC policy, privacy and safety grades > n.exchange is a swap service operating since 2016. Its terms put it at KYC level 3 of 4: ID on risk flag. NoKYC Score grades it 3.1/10 for privacy (poor) and 6.1/10 for safety (fair). In its favour: no account needed, no email needed and no phone number. To watch: it may ask for ID, screens deposits and holds your funds while you use it. No incidents are on record. Source: NoKYC Score, "n.exchange review", reviewed 22 Oct 2026, https://nokycscore.com/service/n-exchange ## Key facts - **Category:** Instant Swaps - **KYC level:** 3 of 4: ID on risk flag - **Grades:** Privacy 3.1/10, Safety 6.1/10 - **Sign-up:** No account needed - **Custody:** custodial - **Fees:** Fees included in quotes; terms allow an AML/KYC compliance fee of up to 5% and up to 5% on approved refunds - **Jurisdiction:** Costa Rica - **Incidents on record:** 0 - **Last reviewed:** 22 Oct 2026 - **Official website:** https://n.exchange ## What it is n.exchange is an instant crypto swap service, also sold as an API, widget and white-label product, run by NEX HOLDINGS LTD S.R.L. of San José, Costa Rica, with a related NEX Holdings S.A. in Panama. Its FAQ says it uses internal coin reserves rather than a third-party exchange. The terms describe a risk-based AML/CTF programme with sanctions screening and transaction monitoring, allow freezes and compliance holds, list the documents that can be requested (ID selfie, liveness, proof of address, source of funds, interview) and allow an AML/KYC compliance fee of up to 5%. The FAQ says all transactions are subject to customer due diligence and flagged ones to enhanced due diligence. It does not serve the US, UK and a long list of other countries. The site says it has operated since 2016. ## What the terms say about ID Terms section 3: "We may conduct Know Your Customer (KYC) and, where appropriate, Enhanced Due Diligence"; FAQ: "if a transaction was flagged as suspicious by our systems, we will request the client to undergo an EDD" and pending orders are fulfilled only after CDD/EDD. ## 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: yes; Refund without ID: not stated; Open source: no; Independent audit: not stated; Company named: yes; 5+ years operating: yes - **Warnings:** May ask for ID: yes; Screens deposits: yes; Passes orders to partners: not in terms; Holds your funds: yes; Email required: not in terms; Phone number required: not in terms; Closed source: yes; Nobody accountable: not in terms ## Questions ### Does n.exchange require KYC? n.exchange is rated KYC level 3 of 4 on this site: ID on risk flag. Terms section 3: "We may conduct Know Your Customer (KYC) and, where appropriate, Enhanced Due Diligence"; FAQ: "if a transaction was flagged as suspicious by our systems, we will request the client to undergo an EDD" and pending orders are fulfilled only after CDD/EDD. ### Is n.exchange safe to use? n.exchange has a Safety grade of 6.1 out of 10 and a Privacy grade of 3.1 out of 10. No incidents are on record. Evidence level: documentation reviewed. ### Is n.exchange legit? n.exchange is a working swap service that has operated since 2016. It publishes the company that runs it, in Costa Rica. Being real is not the same as being safe: its Safety grade here is 6.1 out of 10, built from custody, liquidity, track record and incidents. ### Is n.exchange 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 n.exchange. Its terms also allow it to hold a flagged deposit and ask for identity documents. ### Do I need an account or email to use n.exchange? No account needed. ### What fees does n.exchange charge? Fees included in quotes; terms allow an AML/KYC compliance fee of up to 5% and up to 5% on approved refunds. Fees were recorded from n.exchange's own pages and can change; check before you send. ### Does n.exchange have a Tor onion address? No official onion address was found on n.exchange's own pages. ### Which cryptocurrencies does n.exchange support? n.exchange supports BTC, ETH, USDT, USDC, SOL, LTC, XRP, XMR, PAXG. ### Is n.exchange custodial? Yes. n.exchange holds funds during a trade, which means it is able to delay or freeze them. ### Can I use n.exchange over Tor? n.exchange does not publish an official onion address. ## Sources - https://n.exchange - https://n.exchange/legal/terms - https://n.exchange/legal/privacy - https://n.exchange/about - https://n.exchange/faqs How grades are calculated: https://nokycscore.com/methodology