# THORSwap review: KYC policy, privacy and safety grades

> THORSwap is an aggregator. Its terms put it at KYC level 1 of 4: no ID mentioned. NoKYC Score grades it 6.9/10 for privacy (fair) and 4.4/10 for safety (caution). In its favour: no account needed, no email needed and no phone number. To watch: it passes orders to partner exchanges. No incidents are on record.

Source: NoKYC Score, "THORSwap review", reviewed 23 Oct 2026, https://nokycscore.com/service/thorswap

## Key facts
- **Category:** Swap Aggregators
- **KYC level:** 1 of 4: No ID mentioned
- **Grades:** Privacy 6.9/10, Safety 4.4/10
- **Sign-up:** No account needed
- **Custody:** non-custodial
- **Fees:** Fee, if any, shown before each swap and denominated in the destination token; discounts for staked THOR
- **Jurisdiction:** Singapore (governing law)
- **Incidents on record:** 0
- **Last reviewed:** 23 Oct 2026
- **Official website:** https://www.thorswap.finance

## What it is
THORSwap is a decentralised exchange interface and aggregator that routes native cross-chain swaps through THORChain, NEAR Intents, Maya Protocol and Chainflip, plus same-chain DEXs, from a wallet the user connects. Its terms of service (last updated 1 September 2026) are with Ferdin Incorporated and its affiliates, are governed by Singapore law, and say THORSwap is not a wallet provider or exchange and has no custody or control over users' assets. The services are not offered to sanctioned persons or residents of listed sanctioned territories. No identity-verification clause appears in the terms. Fees, when charged, are shown before the swap and taken in the destination token.

## What the terms say about ID
Terms contain no identity-verification requirement; they bar Restricted Persons and sanctions-listed persons and state THORSwap does "not have custody or control over any Digital Assets".

## Features and warnings
- **Identity:** ID never required: not stated; No account needed: yes; No email needed: yes; No phone number: yes
- **Payment:** Accepts Monero: not stated; Accepts Lightning: not stated
- **Access:** Tor onion address: not stated; Works without JavaScript: not stated
- **Trust:** Never holds your funds: not stated; Own liquidity: no; Refund without ID: not stated; Independent audit: not stated; Company named: not stated; 5+ years operating: not stated
- **Warnings:** May ask for ID: not in terms; Screens deposits: not in terms; Passes orders to partners: yes; Holds your funds: not in terms; Email required: not in terms; Phone number required: not in terms; Nobody accountable: not in terms

## Questions
### Does THORSwap require KYC?
THORSwap is rated KYC level 1 of 4 on this site: no ID mentioned. Terms contain no identity-verification requirement; they bar Restricted Persons and sanctions-listed persons and state THORSwap does "not have custody or control over any Digital Assets".

### Is THORSwap safe to use?
THORSwap has a Safety grade of 4.4 out of 10 and a Privacy grade of 6.9 out of 10. No incidents are on record. Evidence level: documentation reviewed.

### Is THORSwap legit?
THORSwap is a working aggregator. Being real is not the same as being safe: its Safety grade here is 4.4 out of 10, built from custody, liquidity, track record and incidents.

### Is THORSwap 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 THORSwap.

### Do I need an account or email to use THORSwap?
No account needed.

### What fees does THORSwap charge?
Fee, if any, shown before each swap and denominated in the destination token; discounts for staked THOR. Fees were recorded from THORSwap's own pages and can change; check before you send.

### Does THORSwap have a Tor onion address?
No official onion address was found on THORSwap's own pages.

### Which cryptocurrencies does THORSwap support?
THORSwap supports BTC, ETH, RUNE, LTC, BCH, DOGE, AVAX, BNB, ZEC.

### Is THORSwap custodial?
No. THORSwap is non-custodial: the operator does not control user funds.

### Can I use THORSwap over Tor?
THORSwap does not publish an official onion address.

## Sources
- https://www.thorswap.finance
- https://www.thorswap.finance/terms
- https://docs.thorswap.finance
- https://docs.thorswap.finance/thorswap/thorswap

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