# YBEX review: KYC policy, privacy and safety grades

> YBEX 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, "YBEX review", reviewed 22 Oct 2026, https://nokycscore.com/service/ybex

## 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
- **Incidents on record:** 0
- **Last reviewed:** 22 Oct 2026
- **Official website:** https://ybex.io

## What it is
YBEX is an instant swap service with floating and fixed rates, a Private swap mode and a 25% referral programme. Its AML policy says checks are run both by its own AML officer and by its liquidity provider, a cryptocurrency exchange. Deposits linked to high-risk sources (sanctions, gambling and others) may be frozen indefinitely until full identity verification, and so may any transaction the liquidity provider asks about. Funds that fail the review are neither exchanged nor refunded. Deposits from listed services, including Wasabi Wallet, are blocked. Users must confirm they are not EU/EEA residents, and VPN use to get around this is grounds for blocking. No operating company is named.

## What the terms say about ID
AML policy s.2: high-risk transactions "may be frozen for an indefinite period until full identity verification (KYC) is completed"; s.3.3: "User assets that do not pass the AML review are not subject to exchange or refund".

## 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 YBEX require KYC?
YBEX is rated KYC level 3 of 4 on this site: ID on risk flag. AML policy s.2: high-risk transactions "may be frozen for an indefinite period until full identity verification (KYC) is completed"; s.3.3: "User assets that do not pass the AML review are not subject to exchange or refund".

### Is YBEX safe to use?
YBEX 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 YBEX legit?
YBEX 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 YBEX 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 YBEX. Its terms also allow it to hold a flagged deposit and ask for identity documents.

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

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

### Which cryptocurrencies does YBEX support?
YBEX supports BTC, ETH, USDT, XMR.

### Is YBEX custodial?
Yes. YBEX holds funds during a trade, which means it is able to delay or freeze them.

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

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

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