C

Decentralised, non-custodial P2P atomic-swap DEX (Particl) — no accounts, no KYC, no middleman. Runs as self-hosted software.

NO KYCNO LOGSXMRBTC

// scores

C
59/100
Overall · Fair
63/100
Privacy
54/100
Trust
Privacy
No registration needed +6 priv
Usable without creating an account.
No email required +3 priv
No email address is required to swap.
Usage detectable on-chain -1 priv
On transparent chains, service usage can be traced.
Accepts Monero +5 priv
Supports Monero (XMR).
Trust & Reliability
Non-custodial +4 trust
Never takes custody of your funds.
Public policies +2 trust
Publishes its ToS / AML policy.
Mature service +6 trust
The service has been operating for 2+ years.
Recently added -8 trust
Recently added to notkyc — limited data so far.
Overall = Privacy 63 × 60% + Trust 54 × 40% · base 50 each · how scores work →

// terms of service review

BasicSwap is a non-custodial cryptocurrency exchange that operates without user accounts or identity verification.
Data Minimization
The service does not require registration or create user profiles. It processes wallet addresses and transaction metadata only.
Non-Custodial
Funds are never held in custody — you control them until the swap executes.
No Hostage Funds
The service does not confiscate assets or permanently freeze user funds without cause. Unprocessable funds are returned.
Refund Policy
Refund policy: trustless (atomic swaps).
// auto-summarised from policies & behaviour · how this works →

// research independently

// detailed analysis

BasicSwap is a decentralised exchange (DEX) from the Particl project that lets people trade cross-chain directly with each other using atomic swaps — no custodian, no account and no one taking a cut. Trades are settled by the underlying blockchains themselves, so funds never sit with a third party. Because it is a protocol rather than a hosted service, you run BasicSwap yourself (desktop software, or via wallets that integrate it) and it connects you peer-to-peer with counterparties. It supports Bitcoin, Monero, Litecoin, Particl, Dash, Dogecoin and other coins, with zero protocol fees — you only pay on-chain network costs. This is the most trust-minimised way to swap: there is no company to freeze funds, demand ID or exit-scam. The trade-offs are usability and liquidity — you self-host, and matching depends on other users being online. There is no API and no affiliate program, so notkyc lists BasicSwap for reference only; swaps happen entirely in your own BasicSwap instance.

// comments

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// about BasicSwap

About BasicSwap

BasicSwap is a decentralised, non-custodial peer-to-peer exchange (DEX) built on atomic swaps, from the Particl project. It has no accounts, no KYC and no central operator — traders meet directly across chains and the blockchains themselves settle the swap.

How it works

You run BasicSwap as self-hosted software (or through an integrating wallet) and are matched peer-to-peer. Atomic swaps guarantee that either both legs complete or neither does, so no counterparty can run off with your coins. It supports Bitcoin, Monero, Litecoin, Particl, Dash and more, with zero protocol fees.

Privacy and trust

Because it is fully non-custodial and account-free, there is nothing to freeze, no ID to hand over and no logs to leak. It is the most trust-minimised option in this directory — at the cost of self-hosting and peer-dependent liquidity. Listed for reference only: notkyc does not route swaps through BasicSwap.