Instant Swaps Reviewed 22 Oct 2026
Cross-chain DEX protocol for native asset swaps, with an official swap interface
Privacy
8.5/ 10
Excellent
Safety
5.9/ 10
Fair
Based on terms and documentation. No test transactions published yet. See the arithmetic
THORChain is a swap service. Its terms put it at KYC level 0 of 4: ID never required. NoKYC Score grades it 8.5/10 for privacy (excellent) and 5.9/10 for safety (fair). In its favour: no account needed, no email needed and no phone number. To watch: it has no publicly accountable operator. One incident is on record, the latest from 23 Jan 2025.
NoKYC Score, "THORChain review", reviewed 22 Oct 2026, https://nokycscore.com/service/thorchain
Also available as plain text.
THORChain is a layer-1 network whose node operators hold native assets in decentralised vaults so that users can swap between chains from their own wallets or by sending to a deposit address; the official interface is at swap.thorchain.org. The site terms say no single company or legal entity owns or operates the protocol, that the services are non-custodial, and that no KYC is needed. The terms exclude sanctioned persons and jurisdictions and reserve the right to restrict access to the website by jurisdiction, while the FAQ says the protocol itself has no geographic restrictions and that third-party interfaces may set their own requirements. The homepage lists Monero among supported chains; the FAQ asset list does not.
6 of 15 privacy and safety features, 1 warning in its terms.
"Not stated" means its own pages do not say.
Identity
Payment
Access
Trust
Warnings
KYC level 0: ID never required. The terms rule out identity checks, or the design makes them impossible.
Terms section 2.4: "There is no KYC needed to use the Services. We will never ask for a picture ID, phone number, or home address."
Both grades start at 50 points and move by fixed, published amounts. Nothing is adjusted by hand. The total is divided by ten.
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 THORChain’s terms and documentation. Tests will appear here with the date, route, amount band and result as they are run.
high
Other
THORChain's own FAQ states that its THORFi feature was defaulted on in the first quarter of 2025, and that the TCY token was introduced as part of the resulting debt restructuring. Users owed funds by THORFi received TCY, a claim on a share of protocol revenue, in place of the assets they had deposited. Ordinary swaps were not part of the default.
Funds lost Source: thorchain.org ↗
Reviews never change a grade. Reviews with a transaction reference are marked.
No reviews yet.
Create an account to write a review. It takes ten seconds and needs no email: you get a random key and a random name. Already have a key? Sign in.
Swap front-end routing orders through third-party processing partners
Cross-chain DEX protocol for native BTC, ETH, SOL and stablecoin swaps
Open-source front end for atomic swaps between Bitcoin, Lightning, Liquid and Rootstock
Desktop wallet for peer-to-peer BTC-to-XMR atomic swaps, formerly UnstoppableSwap
THORChain vs GhostSwapTHORChain vs ChainflipTHORChain vs Swap MarketTHORChain vs eigenwallet
THORChain is rated KYC level 0 of 4 on this site: ID never required. Terms section 2.4: "There is no KYC needed to use the Services. We will never ask for a picture ID, phone number, or home address."
THORChain has a Safety grade of 5.9 out of 10 and a Privacy grade of 8.5 out of 10. There is 1 incident on record, listed with sources on this page. Evidence level: documentation reviewed.
THORChain 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 5.9 out of 10, built from custody, liquidity, track record and incidents.
NoKYC Score does not label services as scams; it records documented incidents with their sources and outcomes. THORChain has 1 incident on record, 1 not resolved, the latest: "THORFi savings and lending feature defaulted; debts converted to a new token". Each is listed on this page with its source.
No account needed.
Source-chain gas, outbound gas and a liquidity fee that varies with swap size and pool depth (per FAQ). Fees were recorded from THORChain's own pages and can change; check before you send.
No official onion address was found on THORChain's own pages.
THORChain supports BTC, ETH, LTC, BCH, DOGE, ZEC, SOL, RUNE.
No. THORChain is non-custodial: the operator does not control user funds.
THORChain does not publish an official onion address.