# Nanswap review: KYC policy, privacy and safety grades > 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. Source: NoKYC Score, "Nanswap review", reviewed 22 Oct 2026, https://nokycscore.com/service/nanswap ## Key facts - **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 - **Official website:** https://nanswap.com ## What it 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 the terms say about ID 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. ## 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: not stated; Independent audit: not stated; Company named: not stated; 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: not in terms; Nobody accountable: not in terms ## 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. ## Sources - https://nanswap.com/ - https://nanswap.com/terms-of-service How grades are calculated: https://nokycscore.com/methodology