# SwapGate review: KYC policy, privacy and safety grades

> 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.

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

## Key facts
- **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
- **Official website:** https://swapgate.io

## What it 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 the terms say about ID
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.

## 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: no; Independent audit: not stated; Company named: no; 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: yes; Nobody accountable: yes

## 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.

## Sources
- https://swapgate.io
- https://swapgate.io/docs/terms-of-use
- https://swapgate.io/docs/aml-policy

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