Verified

Repeated checks over time passed
BasicSwap

BasicSwap

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 9/10. There are 10 user ratings averaging 4.2/5.

Scores

9
Overall
Excellent
99
Privacy
Excellent
85
Trust
Very Good
lvl. 0/4
Guaranteed no KYC
Terms explicitly state KYC will never be requested.

-5 trust from active incidents. See details

Privacy 99 × 60% + Trust 85 × 40% = Overall 9/10
Learn about scores All attributes list

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.

Security incidents

How trust is affected

Events

View all

  1. KYC update

    KYC level changed from 1 to 0

  2. KYC update

    KYC level changed from 0 to 1

  3. Attribute change

    An attribute was removed (details unavailable)

  4. Attribute added

    Attribute "Currently in beta" was added to SasicSwap

Learn about events

Evidence and Review History

How statuses work Our review process
Verified

Passed repeated checks over time and showed consistent behavior.

  • No review checks have been published yet
  • Last review Apr 14
  • Verified Apr 14

Comments

About comments

  • Comments are visible after approval.
  • Moderation is light.
  • Double-check before trusting.
4.6
5
70%
4
0%
3
10%
2
20%
1
0%

AI Summary

Updated

Users report that the platform offers secure, decentralized cryptocurrency exchanges requiring no intermediaries. Reviewers consistently note that while the core technology performs reliably for advanced users, mainstream adoption is currently hindered by technical installation requirements.

  • atomic swaps
  • low fees
  • fast transactions
  • difficult setup
  • low liquidity
  • complex ux
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Newest Lowest Highest Trusted
hairy_colander_3124
0 •

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

ajar_clich_3138
0 • 5/5 0%

Excellent exchange service! Fast transactions

afraid_repayment_511
0 •

The platform is improving steadily. Very nice.

ready_legitimation_5925
0 • 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.

aspiring_trickster_757
Single review
0 • 3/5 10%

good platform overall, no aml flags

upright_ability_5173
Single review
0 • 5/5 10%

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

skinny_metronome_5501
Single review
0 • 5/5 10%

good swap overall, but low liquiduty.

nutritious_juggler_6586
0 • 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?
heated_angel_1758
0 •

onion mirror has not been working for a long time

fringed_strut_7919
0 •

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

intoxicating_samovar_4245
0 • 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.

purplish_gland_3671
0 • 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.

nutritious_juggler_6586
0 •

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
intoxicating_samovar_4245
0 •

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.

foreign-policy_laugh_4116
0 • 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:
land-based_quadrant_6418
Single review
0 • 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 !

Swapuz
0 •

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.

4rkal
0 • 5/5 80%

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