# Swapter review: KYC policy, privacy and safety grades

> 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.

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

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

## What it 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 the terms say about ID
The AML/KYC policy provides for establishing customer identity and source of funds; a retroactive ID request on a held swap is documented.

## 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

## Incidents on record
- 1 Apr 2026: Reported 391 XMR swap unpaid since April 2026 (outcome: unresolved). Source: https://kycnot.me/service/swapter
- 1 Nov 2025: Reported 700 XMR swap held since November 2025, with ID requested months later (outcome: unresolved). Source: https://kycnot.me/service/swapter

## 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.

## Sources
- https://swapter.io
- https://swapter.io/aml-kyc
- https://kycnot.me/service/swapter

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