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Instant Swaps Reviewed 22 Oct 2026

Swapter review

Instant swap service with documented unresolved large-swap disputes

  • 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 swapter.io Report an incident Watch

Privacy

2.7/ 10

Poor

Safety

0.1/ 10

Poor

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

Swapter review in short

Swapter 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 0.1/10 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. 2 incidents are on record, the latest from 1 Apr 2026.

Category
Instant Swaps
KYC level
3 of 4: ID on risk flag
Grades
Privacy 2.7/10, Safety 0.1/10
Sign-up
No account needed
Custody
custodial
Incidents on record
2
Last reviewed
22 Oct 2026
Cite this review

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

Also available as plain text.

What Swapter is

Swapter is an instant swap service that advertises exchanges without registration or KYC across more than a thousand currencies. Its AML/KYC policy, dated March 2023, nonetheless commits it to making reasonable efforts to determine customers' true identity and source of funds. The site was still accepting swaps when checked in October 2026. Small swaps are reported to complete normally.

What Swapter 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 Swapter 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.

The AML/KYC policy provides for establishing customer identity and source of funds; a retroactive ID request on a held swap is documented.

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

0.1
  • Starting points 50
  • Third-party liquidity -6
  • AML screening -3
  • May request ID -4
  • Closed source -3
  • Anonymous operator -4
  • Reported 391 XMR swap unpaid since April 2026 high · unresolved · 205 days ago -16
  • Reported 700 XMR swap held since November 2025, with ID requested months later high · unresolved · 356 days ago -13
  • Total, clamped to 0–100 1

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 Swapter’s terms and documentation. Tests will appear here with the date, route, amount band and result as they are run.

Incidents on record

high

Funds held

Reported 391 XMR swap unpaid since April 2026

kycnot.me, which documents an earlier held swap, also reports a 391 XMR swap that it says has remained unpaid by Swapter since April 2026, and cites a 2024 forum report of 225 XMR going missing. The directory notes that small swaps continue to complete, which keeps the service's public reviews positive. The service's replies to the directory are summarised on the listing page; the dispute was described as unresolved.

Unresolved Source: kycnot.me ↗

high

Funds held

Reported 700 XMR swap held since November 2025, with ID requested months later

The directory kycnot.me documents a 700 XMR swap that it says has been held by Swapter since November 2025. According to that account, the user was told for about four months that there was no identity problem and was then asked for identification in April 2026. The directory recorded the incident on 30 January 2026, contacted the service in July and September 2026, and flagged the listing as a scam on 25 September 2026.

Unresolved Source: kycnot.me ↗

User reviews

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

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Alternatives to Swapter

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eigenwallet

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Swapter vs GhostSwapSwapter vs ChainflipSwapter vs Swap MarketSwapter vs eigenwallet

Swapter: common questions

Does Swapter require KYC?

Swapter is rated KYC level 3 of 4 on this site: ID on risk flag. The AML/KYC policy provides for establishing customer identity and source of funds; a retroactive ID request on a held swap is documented.

Is Swapter safe to use?

Swapter has a Safety grade of 0.1 out of 10 and a Privacy grade of 2.7 out of 10. There are 2 incidents on record, listed with sources on this page. Evidence level: documentation reviewed.

Is Swapter legit?

Swapter 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 0.1 out of 10, built from custody, liquidity, track record and incidents.

Is Swapter a scam?

NoKYC Score does not label services as scams; it records documented incidents with their sources and outcomes. Swapter has 2 incidents on record, 2 not resolved, the latest: "Reported 391 XMR swap unpaid since April 2026". Each is listed on this page with its source. Its terms also allow it to hold a flagged deposit and ask for identity documents.

Do I need an account or email to use Swapter?

No account needed.

Does Swapter have a Tor onion address?

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

Which cryptocurrencies does Swapter support?

Swapter supports BTC, ETH, XMR, USDT, LTC.

Is Swapter custodial?

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

Can I use Swapter over Tor?

Swapter does not publish an official onion address.

Listing history

  • Listing added. Facts and KYC level set from the service's own terms and documentation.
  • Incident recorded: Reported 700 XMR swap held since November 2025, with ID requested months later
  • Incident recorded: Reported 391 XMR swap unpaid since April 2026