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Instant Swaps Reviewed 22 Oct 2026

SwapGate review

Instant crypto swap service with fixed and floating rates, no account needed

  • 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
Visit swapgate.io Report an incident Watch

Privacy

2.7/ 10

Poor

Safety

3.0/ 10

Poor

Based on terms and documentation. No test transactions published yet. See the arithmetic

SwapGate review in short

SwapGate is a swap service. Its terms put it at KYC level 3 of 4: ID on risk flag. NoKYC Score grades it 2.7/10 for privacy (poor) and 3.0/10 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 2.7/10, Safety 3.0/10
Sign-up
No account needed
Custody
custodial
Fees
0.5% floating rate, 1% fixed rate, plus network fee (per terms)
Incidents on record
0
Last reviewed
22 Oct 2026
Cite this review

NoKYC Score, "SwapGate review", reviewed 22 Oct 2026, https://nokycscore.com/service/swapgate

Also available as plain text.

What SwapGate is

SwapGate is an instant crypto-to-crypto swap service: the user enters an amount and a recipient address, sends coins to a one-time deposit address and receives the payout. Its terms say exchanges are carried out through a third-party exchange service and that anti-money-laundering and know-your-customer procedures may be applied to particular users, addresses and transactions. The AML policy states that a transaction scoring above 40% risk, or carrying labels such as mixer, gambling or sanctions, may be frozen for an indefinite period until full identity verification is completed. The same policy excludes EU and EEA residents and the terms exclude the United States and a list of other countries. No operating company is named on the pages reviewed.

What SwapGate offers, and what to watch

4 of 15 privacy and safety features, 6 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 No
  • Independent audit Not stated
  • Company named No
  • 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 Yes The code is not public, so its behaviour cannot be checked.
  • Nobody accountable Yes No company or person is publicly responsible for the service.

Does SwapGate require KYC?

  1. 0
  2. 1
  3. 2
  4. 3
  5. 4

KYC level 3: ID on risk flag. The terms allow funds to be held and identity demanded after an automated risk flag.

AML policy: if analysis shows risk above 40% or a listed risk label, the transaction "may be frozen for an indefinite period until full identity verification (KYC) is completed"; the terms also reserve the right to request documents to identify the user and confirm source of funds.

Read the terms we assessed ↗

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

2.7
  • Starting points 50
  • KYC level 3: ID on risk flag -14
  • No registration +6
  • Accepts Monero +4
  • Third-party liquidity -3
  • AML screening -7
  • May request ID -7
  • Closed source -2
  • Total, clamped to 0–100 27

Safety

3.0
  • Starting points 50
  • Third-party liquidity -6
  • AML screening -3
  • May request ID -4
  • Anonymous operator -4
  • Closed source -3
  • Total, clamped to 0–100 30

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 SwapGate’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 SwapGate. If you have a documented case, report it.

User reviews

Reviews never change a grade. Reviews with a transaction reference are marked.

No reviews yet.

Write a review

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Alternatives to SwapGate

All alternatives →

GhostSwap

Swap front-end routing orders through third-party processing partners

Privacy 10.0
Safety 8.4
Never KYC 0 Docs reviewed

Chainflip

Cross-chain DEX protocol for native BTC, ETH, SOL and stablecoin swaps

Privacy 7.1
Safety 8.3
Rare KYC 2 Docs reviewed

Swap Market

Open-source front end for atomic swaps between Bitcoin, Lightning, Liquid and Rootstock

Privacy 9.3
Safety 7.3
Never KYC 0 Docs reviewed

eigenwallet

Desktop wallet for peer-to-peer BTC-to-XMR atomic swaps, formerly UnstoppableSwap

Privacy 8.9
Safety 7.0
Never KYC 0 Docs reviewed

SwapGate vs GhostSwapSwapGate vs ChainflipSwapGate vs Swap MarketSwapGate vs eigenwallet

SwapGate: common questions

Does SwapGate require KYC?

SwapGate is rated KYC level 3 of 4 on this site: ID on risk flag. AML policy: if analysis shows risk above 40% or a listed risk label, the transaction "may be frozen for an indefinite period until full identity verification (KYC) is completed"; the terms also reserve the right to request documents to identify the user and confirm source of funds.

Is SwapGate safe to use?

SwapGate has a Safety grade of 3.0 out of 10 and a Privacy grade of 2.7 out of 10. No incidents are on record. Evidence level: documentation reviewed.

Is SwapGate legit?

SwapGate 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 3.0 out of 10, built from custody, liquidity, track record and incidents.

Is SwapGate 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 SwapGate. Its terms also allow it to hold a flagged deposit and ask for identity documents.

Do I need an account or email to use SwapGate?

No account needed.

What fees does SwapGate charge?

0.5% floating rate, 1% fixed rate, plus network fee (per terms). Fees were recorded from SwapGate's own pages and can change; check before you send.

Does SwapGate have a Tor onion address?

No official onion address was found on SwapGate's own pages.

Which cryptocurrencies does SwapGate support?

SwapGate supports BTC, XMR, ETH, USDT, TRX, SOL, ZEC, XRP.

Is SwapGate custodial?

Yes. SwapGate holds funds during a trade, which means it is able to delay or freeze them.

Can I use SwapGate over Tor?

SwapGate does not publish an official onion address.

Listing history

  • Listing added. Facts and KYC level set from the service's own terms and documentation.