Swap front-end routing orders through third-party processing partners
Privacy 10.0
Safety 8.4
Instant Swaps Reviewed 22 Oct 2026
Nanswap review
Nano-focused instant exchange without accounts; terms reserve AML/KYC checks
- 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
3.2/ 10
Poor
Safety
3.7/ 10
Poor
Based on terms and documentation. No test transactions published yet. See the arithmetic
Nanswap review in short
Nanswap is a swap service. Its terms put it at KYC level 3 of 4: ID on risk flag. NoKYC Score grades it 3.2/10 for privacy (poor) and 3.7/10 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 3.2/10, Safety 3.7/10
- Sign-up
- No account needed
- Custody
- custodial
- Jurisdiction
- Netherlands
- Incidents on record
- 0
- Last reviewed
- 22 Oct 2026
Cite this review
NoKYC Score, "Nanswap review", reviewed 22 Oct 2026, https://nokycscore.com/service/nanswap
Also available as plain text.
What Nanswap is
Nanswap is an instant exchange centred on Nano (XNO), offering swaps between Nano, Banano and a wide range of other coins including Bitcoin, Ethereum, Monero, Dogecoin and Solana. Its terms say users do not need to register or log in, but that an automated risk management system checks all transactions. By accepting the terms, users agree to an AML/KYC procedure that Nanswap or its third-party exchange providers may apply at any time, during which they can request documents such as a scan of a government ID and information on the origin of funds. The terms describe the company as organised under the laws of the Netherlands and list prohibited jurisdictions in a separate section.
What Nanswap offers, and what to watch
4 of 15 privacy and safety features, 4 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 Not stated
- Independent audit Not stated
- Company named Not stated
- 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 Not in terms
- Nobody accountable Not in terms
Does Nanswap 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 state users "agree to pass through the AML/KYC procedure", which Nanswap or its third-party exchange providers may request at any time, including an ID scan.
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
3.2- Starting points 50
- KYC level 3: ID on risk flag -14
- No registration +6
- No email needed +3
- Accepts Monero +4
- Third-party liquidity -3
- AML screening -7
- May request ID -7
- Total, clamped to 0–100 32
Safety
3.7- Starting points 50
- Third-party liquidity -6
- AML screening -3
- May request ID -4
- Total, clamped to 0–100 37
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 Nanswap’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 Nanswap. 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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Nanswap: common questions
Does Nanswap require KYC?
Nanswap is rated KYC level 3 of 4 on this site: ID on risk flag. Terms state users "agree to pass through the AML/KYC procedure", which Nanswap or its third-party exchange providers may request at any time, including an ID scan.
Is Nanswap safe to use?
Nanswap has a Safety grade of 3.7 out of 10 and a Privacy grade of 3.2 out of 10. No incidents are on record. Evidence level: documentation reviewed.
Is Nanswap legit?
Nanswap is a working swap service. Being real is not the same as being safe: its Safety grade here is 3.7 out of 10, built from custody, liquidity, track record and incidents.
Is Nanswap 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 Nanswap. Its terms also allow it to hold a flagged deposit and ask for identity documents.
Do I need an account or email to use Nanswap?
No account needed.
Does Nanswap have a Tor onion address?
No official onion address was found on Nanswap's own pages.
Which cryptocurrencies does Nanswap support?
Nanswap supports XNO, BAN, BTC, ETH, XMR, DOGE, SOL, BNB, USDT.
Is Nanswap custodial?
Yes. Nanswap holds funds during a trade, which means it is able to delay or freeze them.
Can I use Nanswap over Tor?
Nanswap does not publish an official onion address.
Listing history
- Listing added. Facts and KYC level set from the service's own terms and documentation.