Repeated checks over time passed
Cross-chain trading exchange (DEX) peer-to-peer trading of cryptocurrencies like Bitcoin and Monero. It uses Particl's network, atomic swaps, and scriptless scripts for transactions without third-party involvement.
BasicSwap is an exchange and p2p service that accepts Monero and Bitcoin. It has a guaranteed no-KYC policy and has a score of 10/10. There are 10 user ratings averaging 4.2/5.
Scores
- Guaranteed no KYC
- Terms explicitly state KYC will never be requested.
- 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 - Guaranteed no KYC +25 0
Terms explicitly state KYC will never be requested.
- 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 - 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 - 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 - 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 - 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 - 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 - 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 Privacy0 Trust - 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 Privacy0 Trust - 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 - 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 Privacy0 Trust - Base score +50 +50
Overall = 60% Privacy + 40% Trust (Truncated)
Terms of Service Review
BasicSwap is a free, open-source, and non-custodial decentralized exchange protocol that facilitates cross-chain atomic swaps over a peer-to-peer messaging network without central intermediaries.
No Data Collection
BasicSwap operates on a peer-to-peer basis without any central party or operator to collect or share user data.
Non-Custodial
Users connect to official core wallets and are solely responsible for managing their private keys. Contributors do not have access to wallets, keys, or seeds.
Atomic Swap Refunds
If a swap fails to complete, funds are automatically returned to their original owners after a predetermined period via atomic swap smart contracts.
Decentralized Network
BasicSwap functions as a decentralized messaging network (SMSG) where all users act as nodes, eliminating centralized points of failure.
Zero Service Fees
BasicSwap charges 0% trading or service fees. Users only pay standard blockchain transaction fees for the coins being exchanged.
Local Node Requirement
Users are required to manually compile the software, install coin cores, and keep their node online locally or on a 24/7 VPS to perform swaps.
Reviewed from basicswapdex.com/faq
ToS reviews are AI-generated and should be used as a reference only.
Events
View all-
KYC update
KYC level changed from 1 to 0
-
KYC update
KYC level changed from 0 to 1
-
Attribute change
An attribute was removed (details unavailable)
-
Attribute added
Attribute "Currently in beta" was added to SasicSwap
Evidence and Review History
Passed repeated checks over time and showed consistent behavior.
- No review checks have been published yet
- Last review Apr 14
- Verified Apr 14
Comments
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.
swap has been executed fastly without any problem. Also a good point is low fees. 1k$+ transaction.
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?
if u have an installer for windows which is not recomended u shouldnt offer but improve them.
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.
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.
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
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.
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:
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 !
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.
Excellent exchange service! Fast transactions