GhostSwap
Privacy-first instant swap aggregator. No accounts, no KYC for swaps under typical limits. Supports 1,500+ pairs across BTC, XMR, ETH, USDT, LTC, SOL, DOGE, TRX and more. Per-credential signing keeps liquidity routing transparent.
Does GhostSwap require KYC?Mostly no-KYC
Mostly not. Of 4 tracked swaps on GhostSwap, 3 stayed anonymous and 1 reported a KYC/verification request — usually triggered by AML flags rather than by default.
NO KYCBTCXMRETH
Supported coins 42 AUCTIONBANBNBBTCCYSDEXEDOGEENSOETHFDUSDGTLITLPTLTCMETISMORPHO view all
Speed~2 min
Uptime100% · 7d
// exchange rate
→
→ swap on notkyc
// no-KYC track record?
// scores
C
KYC Policy
Transaction monitoring
-2 priv
Deposits are screened against blacklisted sources.
May freeze funds on AML
-3 trust
Internal AML checks may freeze suspicious funds.
Privacy
No registration needed
+6 priv
Usable without creating an account.
Tor / onion service
+3 priv
Reachable over a Tor onion address.
No email required
+3 priv
No email address is required to swap.
Accepts Monero
+5 priv
Supports Monero (XMR).
Trust & Reliability
Public policies
+2 trust
Publishes its ToS / AML policy.
No third-party history
-6 trust
Little or no independent reputation from third-party sources — only its own claims to go on.
Public API
+1 trust
Offers a public API for integrations.
Affiliate program
Runs an affiliate / referral program.
Live rates / API
+4 trust
Provides live rates through an API integration.
Mature service
+6 trust
The service has been operating for 2+ years.
Established on [NOT]KYC
+5 trust
Listed and stable on [NOT]KYC for 90+ days with no active security incidents.
Overall = Privacy 65 × 60% + Trust 59 × 40% · base 50 each · how scores work →
// terms of service review
GhostSwap is a cryptocurrency exchange. It operates without user accounts or identity verification, relying on automated risk algorithms to decline and refund flagged transactions.
✓ Data Minimization
The service does not require registration or create user profiles. It processes wallet addresses and transaction metadata only.
✓ No Hostage Funds
The service does not confiscate assets or permanently freeze user funds without cause. Unprocessable funds are returned.
ⓘ Automated Risk Scanning
The platform uses algorithmic risk assessment to evaluate transactions. This system operates without requiring personal identity data.
ⓘ Refund Policy
Refund policy: auto-instant.
// auto-summarised from policies & behaviour · how this works →
// research independently
// detailed analysis
GhostSwap.io — ⚠️ MARKED AS SCAM
Based on user reports and online reviews, this service has been marked as a scam, and Bitcointalk has a dedicated thread titled "[SCAM] GhostSwap Fake No-KYC Crypto Exchange! Community Alert!" in the Scam Accusations subforum. This is the only service in this entire thread that has been publicly flagged as a scam by an independent privacy-community authority.
GhostSwap markets itself as a non-custodial, privacy-first cryptocurrency exchange that lets users swap digital assets instantly without accounts or KYC, routing orders through multiple liquidity providers across 1,600+ cryptocurrencies. Claims "over $750 million in total crypto swapped across 1.5 million users", Telegram bot integration (@ghostswap_crypto_bot), and partnerships with CoinDesk. Marketed pairs emphasize XMR routes (BTC↔XMR, ETH↔XMR, SOL↔XMR, USDT↔XMR). This is the most aggressive privacy-first marketing footprint of any service in this thread.
The marketing claims no KYC. The reality documented review: "May request KYC or block funds mid-flow, typically via AML checks, transaction limits, or liquidity partner rules. Refunds are subject to policies. High risk: Online reviews and findings show it often works for small test swaps, but triggers sudden KYC requests on larger amounts, leading to locked funds and unresponsive support."
Documented user complaints captured include: "Scam service, asked for KYC, verified it, told me to wait for their partners to release funds and now disappeared completely and ghosting me in the support chat. Lost all my crypto savings." An independent forensic-tone reviewer adds: "While the platform claims to be KYC-free, our forensic data shows a significant increase in 'Shotgun KYC' incidents in 2026. This occurs when a swap is frozen after you have sent your funds, forcing you to choose between forfeiting your money or revealing your identity to an offshore entity."
Marked-scam tier.
The differences from MoneroSwapper are:
MoneroSwapper is a small phishing-impersonation operation flagged by automated security scanners
GhostSwap is a larger, more sophisticated operation that processes real swaps (the $750M figure isn't entirely fictional — they do complete many small transactions) but uses the trust generated from those completed small swaps to harvest larger amounts via the KYC trap
Change history
- 2025-06-19Added to the directory
// comments
// how comments work here
- Every comment is read by a human before it goes live — give it a moment.
- We keep moderation hands-off: honest criticism stays, only spam and abuse get cut.
- Treat anything here as one data point, not proof — verify on your own before you trust a service.
Drop your order id with the review and a mod can confirm you actually used this service — it then shows up as ✓ order verified.
1.0
★☆☆☆☆
1 reviews
GhostSwap has an unresolved case.
I sent 20.5 ETH on May 24, 2026. The swap was blocked. I sent four transactions from the same source on the same day, and only the third one was blocked. Three went through successfully. That is not AML logic — that is a selective block.
They have not provided any timeline and stopped responding on September 14, 2026. They also changed their tagline from "NO KYC" to "Privacy-Focused Crypto Swaps" and back again.
They also use HitBTC accounts created under straw men's names. If one account gets blocked, they switch to another, and the funds of many other clients can be blocked too.
Case ID: r6gfns7qebjs43e4
BitcoinTalk thread: https://bitcointalk.org/index.php?topic=5594222
// about GhostSwap
Privacy-first instant swap aggregator. No accounts, no KYC for swaps under typical limits. Supports 1,500+ pairs across BTC, XMR, ETH, USDT, LTC, SOL, DOGE, TRX and more. Per-credential signing keeps liquidity routing transparent.
Trust score: C — assigned by [NOT]KYC based on age, public reputation, refund handling, and absence of frozen-funds reports.
This page is part of the [NOT]KYC directory of no-KYC cryptocurrency swap services. We track GhostSwap alongside other anonymous exchanges so you can compare live rates and pick the best venue for each pair without giving up identity data.
Common use cases
- Swap BTC, XMR, ETH, USDT, LTC, SOL and other major coins without registration
- Compare live GhostSwap rates against the rest of the market on the swap page
- Move funds between privacy coins (e.g. BTC to XMR) and back without leaving an identity-linked record
For our methodology and scoring rules, see the attributes & scoring page.