# OctoSwap review: KYC policy, privacy and safety grades

> OctoSwap is a swap service. Its terms put it at KYC level 1 of 4: no ID mentioned. NoKYC Score grades it 6.9/10 for privacy (fair) and 4.6/10 for safety (caution). In its favour: no account needed, no email needed and no phone number. To watch: it screens deposits, holds your funds while you use it and is closed source. No incidents are on record.

Source: NoKYC Score, "OctoSwap review", reviewed 22 Oct 2026, https://nokycscore.com/service/octoswap

## Key facts
- **Category:** Instant Swaps
- **KYC level:** 1 of 4: No ID mentioned
- **Grades:** Privacy 6.9/10, Safety 4.6/10
- **Sign-up:** No account needed
- **Custody:** custodial
- **Fees:** Fees included in the displayed rate (terms s.3.1)
- **Limits:** Per-pair minimum and maximum shown in the form
- **Incidents on record:** 0
- **Last reviewed:** 22 Oct 2026
- **Official website:** https://octoswap.io

## What it is
OctoSwap is an instant swap service listing more than 500 coins, including XMR, with floating rates. An optional account gives up to 0.3% cashback. Its terms say it works without registration or personal data, and that a swap which cannot be completed is returned to the address the user gave. They also say user funds are "not held or frozen". The service uses its own risk-assessment mechanisms, described as protecting its infrastructure rather than restricting users. No identity-verification clause was found. No operating company or jurisdiction is named, and where liquidity comes from is not stated.

## What the terms say about ID
Terms s.2.1: service is provided "without requiring registration or the submission of personal data"; s.3.5: "User funds are not held or frozen". No ID clause found.

## Features and warnings
- **Identity:** ID never required: not stated; 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: not stated; Refund without ID: yes; Open source: no; Independent audit: not stated; Company named: no; 5+ years operating: not stated
- **Warnings:** May ask for ID: not in terms; 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: yes

## Questions
### Does OctoSwap require KYC?
OctoSwap is rated KYC level 1 of 4 on this site: no ID mentioned. Terms s.2.1: service is provided "without requiring registration or the submission of personal data"; s.3.5: "User funds are not held or frozen". No ID clause found.

### Is OctoSwap safe to use?
OctoSwap has a Safety grade of 4.6 out of 10 and a Privacy grade of 6.9 out of 10. No incidents are on record. Evidence level: documentation reviewed.

### Is OctoSwap legit?
OctoSwap 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 4.6 out of 10, built from custody, liquidity, track record and incidents.

### Is OctoSwap 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 OctoSwap.

### Do I need an account or email to use OctoSwap?
No account needed.

### What fees does OctoSwap charge?
Fees included in the displayed rate (terms s.3.1). Fees were recorded from OctoSwap's own pages and can change; check before you send.

### What are OctoSwap's limits?
Per-pair minimum and maximum shown in the form.

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

### Which cryptocurrencies does OctoSwap support?
OctoSwap supports BTC, ETH, XMR, BCH.

### Is OctoSwap custodial?
Yes. OctoSwap holds funds during a trade, which means it is able to delay or freeze them.

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

## Sources
- https://octoswap.io
- https://octoswap.io/terms
- https://octoswap.io/faq
- https://octoswap.io/about
- https://octoswap.io/privacy

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