# NightTrader Exchange review: KYC policy, privacy and safety grades

> NightTrader Exchange is an exchange operating since 2024. Its terms put it at KYC level 1 of 4: no ID mentioned. NoKYC Score grades it 6.5/10 for privacy (fair) and 6.4/10 for safety (fair). In its favour: never holds your funds. To watch: it requires an email address and has no publicly accountable operator. No incidents are on record.

Source: NoKYC Score, "NightTrader Exchange review", reviewed 22 Oct 2026, https://nokycscore.com/service/nighttrader-exchange

## Key facts
- **Category:** No-KYC Exchanges
- **KYC level:** 1 of 4: No ID mentioned
- **Grades:** Privacy 6.5/10, Safety 6.4/10
- **Sign-up:** Email required
- **Custody:** non-custodial
- **Incidents on record:** 0
- **Last reviewed:** 22 Oct 2026
- **Official website:** https://nighttrader.exchange

## What it is
NightTrader describes itself as a decentralized multi-signature exchange for Bitcoin, other UTXO coins and Ethereum tokens: the user holds one key, a set of nodes holds the other through a threshold signature, and a timelock returns funds to the user if the nodes stop signing. Trading requires an account registered with an email address or a Bitmessage address. The terms say the platform does not hold custody of funds but acknowledge a small risk to funds in open trades if all nodes were compromised. The site says the front end is open source and links a GitHub organisation; a 2024 beta launch is shown on its roadmap, and no operating company is named.

## What the terms say about ID
The terms set no identity requirement; the privacy policy lists "Third party KYC information (when applicable)" among data some nodes may collect, without explaining when that applies.

## Features and warnings
- **Identity:** ID never required: not stated; No account needed: no; No email needed: no; No phone number: not stated
- **Payment:** Accepts Monero: not stated; Accepts Lightning: not stated; Accepts cash: not stated
- **Access:** Tor onion address: not stated; Works without JavaScript: not stated
- **Trust:** Never holds your funds: yes; Own liquidity: not stated; Refund without ID: not stated; Independent audit: not stated; Company named: no; 5+ years operating: not stated
- **Warnings:** May ask for ID: not in terms; Screens deposits: not in terms; Passes orders to partners: not in terms; Holds your funds: not in terms; Email required: yes; Phone number required: not in terms; Nobody accountable: yes

## Questions
### Does NightTrader Exchange require KYC?
NightTrader Exchange is rated KYC level 1 of 4 on this site: no ID mentioned. The terms set no identity requirement; the privacy policy lists "Third party KYC information (when applicable)" among data some nodes may collect, without explaining when that applies.

### Is NightTrader Exchange safe to use?
NightTrader Exchange has a Safety grade of 6.4 out of 10 and a Privacy grade of 6.5 out of 10. No incidents are on record. Evidence level: documentation reviewed.

### Is NightTrader Exchange legit?
NightTrader Exchange is a working exchange that has operated since 2024. 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 6.4 out of 10, built from custody, liquidity, track record and incidents.

### Is NightTrader 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 NightTrader Exchange.

### Do I need an account or email to use NightTrader Exchange?
Email required.

### Does NightTrader Exchange have a Tor onion address?
No official onion address was found on NightTrader Exchange's own pages.

### Which cryptocurrencies does NightTrader Exchange support?
NightTrader Exchange supports BTC, LTC, BCH, ETH.

### Is NightTrader Exchange custodial?
No. NightTrader Exchange is non-custodial: the operator does not control user funds.

### Can I use NightTrader Exchange over Tor?
NightTrader Exchange does not publish an official onion address.

## Sources
- https://nighttrader.exchange
- https://nighttrader.exchange/tandc.html
- https://nighttrader.exchange/privacy.html
- https://nighttrader.exchange/listing.html
- https://github.com/NightTrader

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