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TrocadorA rate aggregator rather than an exchange. Queries a few dozen swap providers, ranks them by what you actually receive, and flags each one's KYC risk so you can filter to providers that have never frozen a swap. It is the routing engine behind Cake Wallet and Monerujo.
98999108.9 8 -
BisqA peer-to-peer exchange desktop application that routes everything over Tor with no company, no server and no account. Trades settle into a 2-of-2 multisig escrow. The only genuinely trustless fiat on-ramp on this list, at the cost of a real learning curve and thin order books.
1081010938.8 2 -
RoboSats
Peer-to-peer Bitcoin over Lightning, with identity reduced to a generated robot avatar and a token you keep. Escrow is a Lightning hold invoice. Bitcoin only, fiat in and out, no account and no email.
1010109718.3 5 -
HavenoA Bisq-style peer-to-peer exchange rebuilt around Monero, using XMR multisig for escrow rather than Bitcoin. Runs as independent network instances rather than one central network. Maximum privacy, minimum convenience.
1081010628.1 2 -
Majestic Bank
A deliberately small, Monero-first swapper with a hard no-KYC policy and a reputation for never having demanded verification mid-swap. Supports a short asset list on purpose. Popular in the Monero community precisely because it does not try to be everything.
9995757.6 4 -
JupiterThe dominant Solana DEX aggregator, routing across every venue on the chain. Effectively free transaction costs make it the cheapest place to do small swaps anywhere, provided you only need Solana assets.
1010310847.6 9 -
UniswapThe reference on-chain DEX. No account, no custodian, no KYC at the protocol level. Same-chain only, EVM ecosystem, and every swap is permanently public on-chain, which is a privacy trade-off people routinely underestimate.
107310967.6 7 -
CoW SwapIntent-based DEX aggregator that batches orders and has solvers compete to fill them, which structurally protects against sandwich attacks. Usually the best net execution on EVM chains, though settlement is not instant.
109310857.5 8 -
1inchMature DEX aggregator across EVM chains with a gasless Fusion mode. Comparable to CoW Swap in what it does; pick between them by comparing the actual quote on your pair.
108310867.5 6 -
THORChainA cross-chain liquidity network that swaps native assets between chains without wrapping and without a custodian. Genuinely non-custodial native BTC to ETH is rare, and this is the main way to get it. Has suffered multiple exploits historically.
106610567.2 8 -
Hodl HodlPeer-to-peer Bitcoin marketplace using 2-of-3 multisig escrow, so the platform can arbitrate a dispute but never custodies funds. Requires an account (email only) but has never required identity verification.
8679816.9 4 -
FixedFloatOne of the oldest and highest-volume instant swappers, with Bitcoin Lightning support that makes BTC to XMR routes unusually fast. Its reputation is split: excellent rates and uptime, but a well-documented pattern of AML holds on larger transfers, and it lost roughly $26M to a hot wallet breach in February 2024.
6975686.7 6 -
ChangeNOWOne of the largest registration-free swappers by volume and asset count. Reliable for ordinary swaps, but it runs an AML screening layer that can escalate to identity verification, and the spread is not itemised.
57558106.4 6 -
GodexNo registration, no KYC and explicitly no upper limit on swap size, which makes it one of the few options for large no-KYC transfers. Pays for that with a wider spread than the cheapest swappers.
8555796.4 6 -
SwapuzRegistration-free swapper with an unusually large asset list and both fixed and floating rates. Decent Monero support and no standing KYC requirement, but a shorter history than the established names.
8655696.4 5 -
AlfacashLong-running swapper that stands out for actually itemising its fee instead of hiding it in the spread. Smaller asset list, and its Estonian registration means it operates under an AML regime that can trigger verification.
5755866.0 5 -
StealthEXLong-running registration-free swapper with very wide coverage. Middle of the pack on every axis: no standout advantage, no standout failure mode, occasional AML holds.
5655796.0 6 -
SwapGateNewer swapper that accepts Monero and Bitcoin without an account and has accumulated consistently positive user reports for smooth settlement, though it reserves the right to request verification during risk checks.
6655585.6 5 -
LetsExchangeAggregating swapper with one of the largest asset lists in the market. Rate quality is inconsistent across pairs because it routes to third-party liquidity, and the same AML caveats apply as elsewhere.
55456105.5 6 -
ExolixAccount-free swapper with solid asset coverage and a clean fixed-rate flow, undermined by a markup that is high relative to the field and a risk-based verification layer that can freeze large transfers.
5355785.4 6 -
KrakenThe most credible large custodial exchange on security and transparency: proof of reserves, a long incident-free record, and a genuine onion service. Full KYC is mandatory and non-negotiable, so it is the opposite trade-off from everything above.
09241095.2 4 -
MEXCOne of the few large custodial exchanges that still permits a meaningful withdrawal allowance on an unverified account. That makes it a common no-KYC route in practice, but it is custodial, has a mixed record on freezing accounts, and the allowance has been narrowed repeatedly.
59334105.2 4 -
ChangellyOne of the oldest instant swap platforms and among the most widely integrated into wallets. Also one of the most complained-about for AML holds requiring full identity documents, including source-of-funds requests.
3634694.8 5 -
SimpleSwapVery wide coverage and a clean interface, but one of the worse reputations in the privacy community for unexpected verification demands on larger swaps and slow resolution when funds are held. Fine for small amounts, risky above that.
35444104.6 6 -
BinanceThe largest exchange by volume with the lowest headline spot fees, offset by a long history of regulatory action including a $4.3B US settlement, and mandatory verification everywhere it operates.
010136104.3 4 -
GhostSwapHeavily marketed as a top no-KYC option, including through paid placement in 'best of' listicles. Independent review sites rate it poorly: the recurring pattern is that small test swaps clear fine while larger ones trigger sudden verification demands and unresponsive support.
3543394.1 4 -
CoinbaseThe largest US exchange and a public company, which means maximum regulatory compliance and minimum privacy. Easy fiat access and strong custody, at the cost of full identity disclosure and extensive transaction reporting.
0514974.0 5 -
SwapterClean interface and wide asset support, but a recurring pattern of liquidity failures: delayed swaps, transfers stuck for weeks or months, and funds that never arrive. Listed here as a caution rather than a recommendation.
4542283.8 4 -
BitstampOne of the oldest continuously operating exchanges, now owned by Robinhood. Conservative asset listing and a long clean record, with higher entry-tier fees and full EU-regime verification.
0414953.7 3 -
BybitLarge derivatives-first exchange. Suffered the single largest exchange breach in history in February 2025, roughly $1.4B attributed to the Lazarus Group, though it covered user losses. Verification is now mandatory.
0813493.5 4 -
GeminiUS exchange positioned around regulatory compliance and insurance. Strong custody, but the Earn programme collapse froze customer funds for a long period, which is the relevant counterparty lesson.
0514663.4 3 -
eXch
Shut down on 1 May 2025 after German authorities seized its server infrastructure and roughly €34M in assets the day before, following allegations it processed around $35M from the February 2025 Bybit hack. Do not use any site currently presenting itself as eXch.
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Ordered by the overall ranking. Sorting needs JavaScript; every page works without it.
Six axes, 0–10, weighted into the total by the fixed table in the method. On-chain DEXs score 10 for KYC and 3 for privacy: permissionless is not private. The agt column rates whether an autonomous agent can complete a swap with no account and no API key; it is reported separately and is not part of the total.