BasicSwap

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Passed repeated checks over time and showed consistent behavior.

• Exchange P2P

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• Monero
• Bitcoin
• Lightning
• Fiat
• Cash

• basicswapdex.com

Scores

-13 trust from active incidents. See details

• Currently in beta 0 -1

  The service is in pre-release phase and may have bugs or missing features. Feedback is welcome to help improve it. Frequent updates are expected.

  The service is in pre-release phase and may have bugs or missing features. Feedback is welcome to help improve it. Frequent updates are expected.

  0 Privacy

  -1 Trust

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• Guaranteed no KYC +25 0

  Terms explicitly state KYC will never be requested.

  Terms explicitly state KYC will never be requested.

  +25 Privacy

  0 Trust

  With this or better
• Atomic Swaps +3 +8

  An atomic swap is a way for two people to directly exchange cryptocurrencies from different blockchains without needing a middleman like a centralized exchange. It’s called "atomic" because the swap either happens completely or not at all - there’s no partial or failed trade where one side loses out.

  An atomic swap is a way for two people to directly exchange cryptocurrencies from different blockchains without needing a middleman like a centralized exchange. It’s called "atomic" because the swap either happens completely or not at all - there’s no partial or failed trade where one side loses out.

  +3 Privacy

  +8 Trust

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• Verified 0 +10

  Passed repeated checks over time and showed consistent behavior. Read more about the listing statuses.

  Passed repeated checks over time and showed consistent behavior. Read more about the listing statuses.

  Check out the proof.

  0 Privacy

  +10 Trust

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• Strict no-log policy +5 +3

  The service has a strict no-log policy, which means that it does not collect or store any information about its users.

                  The service has a strict no-log policy, which means that it does not collect or store any information about its users.
                
  

  +5 Privacy

  +3 Trust

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• Non-custodial wallet +3 +5

  A non-custodial wallet is a type of crypto wallet where the user holds and manages the private keys to the wallet and the assets in custody. The user is responsible for safeguarding their funds, and they are the only ones with access to their private keys. Using a non-custodial wallet requires no trust in any institution.

                  A non-custodial wallet is a type of crypto wallet where the user holds and manages the private keys to the wallet and the assets in custody. The user is responsible for safeguarding their funds, and they are the only ones with access to their private keys. Using a non-custodial wallet requires no trust in any institution.
                
  

  +3 Privacy

  +5 Trust

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• Open source code 0 +7

  The source code of the service is publicly available and licensed as open-source. This allows the community to audit the service, though it doesn't guarantee security or quality.

  The source code of the service is publicly available and licensed as open-source. This allows the community to audit the service, though it doesn't guarantee security or quality.

  0 Privacy

  +7 Trust

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• Peer to peer network +2 +5

  A peer-to-peer network is a decentralized networking model where individual computers (peers) directly connect and share resources or data with each other, rather than through a central server.

  A peer-to-peer network is a decentralized networking model where individual computers (peers) directly connect and share resources or data with each other, rather than through a central server.

  +2 Privacy

  +5 Trust

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• Accepts Monero +5 0

  This service accepts Monero, a privacy-focused cryptocurrency that provides enhanced anonymity.

  This service accepts Monero, a privacy-focused cryptocurrency that provides enhanced anonymity.

  +5 Privacy

  0 Trust

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• No registration needed +5 0

  Users can access and use the service without creating an account. This enables a faster and more convenient user experience while also offering enhanced privacy and anonymity.

  Users can access and use the service without creating an account. This enables a faster and more convenient user experience while also offering enhanced privacy and anonymity.

  +5 Privacy

  0 Trust

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• Peer to peer market 0 +4

  Peer-to-peer marketplaces are online platforms where unknown people can trade goods, cryptocurrencies and services directly from each other, without the need for intermediaries like traditional retailers or service providers.

  Peer-to-peer marketplaces are online platforms where unknown people can trade goods, cryptocurrencies and services directly from each other, without the need for intermediaries like traditional retailers or service providers.

  A peer-to-peer market can be centralized, so do not confuse this with peer to peer networks.

  0 Privacy

  +4 Trust

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• No JavaScript needed +1 0

  The service does not require the user to enable JavaScript in order to access and use its features.

  The service does not require the user to enable JavaScript in order to access and use its features.

  +1 Privacy

  0 Trust

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• Base score +50 +50

Terms of Service Review

Reviewed on Aug 1 from basicswapdex.com/faq

ToS reviews are AI-generated and should be used as a reference only.

Combined trust impact across 2 active incidents: -13 trust

• High · Resolved · Jul 14 → Jul 14, 2026

  Swap refund security issue | Update to v0.17.2 before resuming swaps

  -10

  trust

  On July 14, 2026, the team behind BasicSwap posted an advisory urging trading be halted due to a newly-found security vulnerability. A race condition on the automatic refund path of adaptor-signature swaps, also known as Monero-style swaps, allowed an attacker with a modified client to steal swap funds before a refund was broadcasted to the blockchain. This attack involved targeted risk, as only a counter-party deliberately running a modified client could use it. Regularly completed swaps remain unaffected. A total loss of 0.66 BTC ($42k) has been reported by the team. Read more Show less

  On July 14, 2026, the team behind BasicSwap posted an advisory urging trading be halted due to a newly-found security vulnerability. A race condition on the automatic refund path of adaptor-signature swaps, also known as Monero-style swaps, allowed an attacker with a modified client to steal swap funds before a refund was broadcasted to the blockchain. This attack involved targeted risk, as only a counter-party deliberately running a modified client could use it. Regularly completed swaps remain unaffected. A total loss of 0.66 BTC (~$42k) has been reported by the team.

  v0.17.2 has been released with a security fix. Users are strongly encouraged to update. Once the update has been performed, its safe to bring the node back online to complete any pending trades.

  Stepped down from -22 on resolution · fades to 0 by Jul 2027

  0.66 BTC, ~$42k Source
• Medium · Resolved · Jun 7 → Jun 9, 2026

  Exploit in poisoned secret-has atomic swaps | Update to 0.16.4 or higher

  -3

  trust

  This exploit enables an attacker running a modified legacy client to under-fund their side of a trade, executing the trade with a lower amount than the one initially agreed upon. A couple of malicious offers have been spotted on the wild. A fix was rolled out with version 0.16.4. BasicSwap has urged its users to update. Read more Show less

  This exploit enables an attacker running a modified legacy client to under-fund their side of a trade, executing the trade with a lower amount than the one initially agreed upon. A couple of malicious offers have been spotted on the wild. A fix was rolled out with version 0.16.4. BasicSwap has urged its users to update.

  Stepped down from -12 on resolution · fades to 0 by Dec 2026

  Source

1. Update

   A change in users' favour, such as a fixed problem or an improved policy. Aug 28

   v0.18.5 released | update strongly encouraged

   BasicswapDEX has released versions 0.18.0 to 0.18.5 in the past days. Updating to the latest version is strongly encouraged in order to mitigate possible attacks related to adaptor-signature swaps and use the latest swap protocol version.

   Source
2. Update

   A change in users' favour, such as a fixed problem or an improved policy. Aug 2

   v0.17.9 released | BCH & LTC users update!

   On August 2nd 2026 BasicSwapDEX released version 0.17.9, bringing with it important Bitcoin Cash and Litecoin security updates. Users of both cryptocurrencies are heavily encouraged to update to this release.

   Source
3. Update

   A change in users' favour, such as a fixed problem or an improved policy. Jul 14

   v0.17.2: security fix for adaptor-signature swaps + hardening

   Version 0.17.2 of BasicSwapDEX has been released, bringing with it a fix for the adaptor-signature refund path, a hardened spent-index watcher, an improved mechanism to receive mercy transactions on BCH and AMM offer-revoke fixes. Users are strongly encouraged to first, perform the update, and second, bring their nodes back online. After those two steps are taken, previously unsettled trades can be concluded without being vulnerable to the known exploits this release fixes.

   Source
4. Update

   A change in users' favour, such as a fixed problem or an improved policy. Jun 26

   Version 0.16.6 released with multiple security improvements | update recommended

   BSX Core 16.6 has been released, with substantial hardening done to the fund-safety verification process. Notable security improvements include stronger lock-amount verification, symmetric refund-signature verification, smarter swap-type defaults, automatic chain-fee-rate validation and subfee bids.

   Source

Comments

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Toggle comment visibility hairy_colander_3124

0 • on Jun 4

Really nice service. I’m glad it’s improving so fast.

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Toggle comment visibility ajar_clich_3138

0 • on May 25 5/5 0% Rating Disabled: conflict of interest

Excellent exchange service! Fast transactions

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Toggle comment visibility afraid_repayment_511

0 • on May 14

The platform is improving steadily. Very nice.

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Toggle comment visibility ready_legitimation_5925

0 • on May 4 5/5 10%

This is currently the cheapest way to swap BTC to XMR and vice versa, while still being one of the most secure options. However, installation is still difficult (although it’s getting easier as development progresses) and the UX is a bit complicated. Liquidity is still small, but growing.

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Toggle comment visibility aspiring_trickster_757

Single review

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0 • on Apr 17 3/5 10%

good platform overall, no aml flags

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Toggle comment visibility upright_ability_5173

Single review

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0 • on Feb 19 5/5 10%

swap has been executed fastly without any problem. Also a good point is low fees. 1k$+ transaction.

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Toggle comment visibility skinny_metronome_5501

Single review

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0 • on Jan 27 5/5 10%

good swap overall, but low liquiduty.

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Toggle comment visibility nutritious_juggler_6586

0 • on Dec 17, 2025 5/5 10%

I see here BasicSwapDEX(Particl) and BlockDX(Blocknet decentralized-exchnages as very competitors and amazing projects.

• both have atomic swaps
• both have highly open and decentralized concept
• both have nice design
• BSDEX has XMR but Blocknet has more coins also privacy coin ie PIVX...
• From my point Blocknet has DexInstaller which could be used to turn whole Debian/Ubuntu machine from scratch system into node operator environment used to provide liquidity by generated highly customizable working trading pair strategies and managed very easy by Screen terminal multiplexer defined interface or VNC over SSH.
• Blocknet has advanced trading API.
• BSDEX has chain prune support but Blocknet has XLite wallet working on top of decentralized Blocknet system, so basic users could use it as well( all in public development)
• Hopefully Particl DEX will list $BLOCK coin as well as Blocknet DEX listed $PART
• cooperation is crucial.
• Anyone from BasicSwapDEX team here to initiate cooperation/alliance between BasicSwapDEX and BlockDX?

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Toggle comment visibility heated_angel_1758

0 • on Sep 7, 2025

onion mirror has not been working for a long time

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Toggle comment visibility fringed_strut_7919

0 • on Aug 18, 2025

if u have an installer for windows which is not recomended u shouldnt offer but improve them.

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Toggle comment visibility intoxicating_samovar_4245

0 • on Jun 29, 2025 5/5 20%

Very sovereign, pure atomic swap with 0 middlemen, no arbitrators or anything. Tho it's very hard for non techy users, things need to done in this sense for liquidity to improve.

It's not a fiat on ramp, just atomic swaps.

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Toggle comment visibility purplish_gland_3671

0 • on Jun 24, 2025 2/5 10%

Commits the fatal sin of making you go through a github page if you want to use it, thus annihilating any chance of true adoption. Remember: anything other than a simple "install" or "start trading" button on the front page will make you lose 90% of people. When you go to their site you're greeted with 5 choices: "Github", "Build from source", "Bash Install (Linux)", "Guides" and "Terms and Conditions". Scrap all that shit and put a simple "Download and start trading" button.

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Toggle comment visibility nutritious_juggler_6586

0 • on Dec 17, 2025

Put LiteWallet on top of this decentralized backend and it will become for everyone. Strong Backend is important. Just RPC used by random even verified server could be dangerous as it is not a guarantee that node can stuck of fall in fork, the more nodes shares data the more trust the system have.

Added context: more about this: X.com

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Toggle comment visibility intoxicating_samovar_4245

0 • on Aug 10, 2025

It's very harsh but you're not wrong. It's a shame because the product is amazing, after digging a lot I think there's not better for atomic SWAP. I reached the basicswap admin about this issue, hope it will change soon.

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Toggle comment visibility foreign-policy_laugh_4116

0 • on Jun 13, 2025 2/5 10%

Top rated but ultimately it's a not easy to setup and when I finally did there was no trades so I just wasted time, I gave up and used Haveno Reto which deserves this spot, sorry :/

Kudos for the nice design though it does looks great, the guy who got paid from the CCS to make it / owns it scams and plays dirty with other developers though, so for that reason I give 2 stars this time.... Kewbit posted a bunch of proof, I find it hard to argue against his points too.

Added context: Mentioned proof:

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Toggle comment visibility land-based_quadrant_6418

Single review

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0 • on May 23, 2025 5/5 10%

A bit hard to setup for non techy users. But it's the best product pure atomic swap. Zero intermediaries zero arbitration zero permission. Need more liquidity and more awareness for this amazing product !

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Toggle comment visibility Swapuz Related to swapuz.com

0 • on Jun 6, 2025

Yeah, the tech is solid — true atomic swaps are the future. But the UX gap still scares off most casual users. Once liquidity improves, this could go mainstream.

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Toggle comment visibility 4rkal Related to cyphergoat.com

0 • on May 20, 2025 5/5 80%

Very good exchange, although quite hard to setup. Perfect for advanced users

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