Listing edit
Attribute added
Attribute "Transaction monitoring" was added to letsexchange
Verified
Repeated checks over time passed
Privacy-first swaps for 5,600+ coins. Supports XMR, ZEC, and more. No account needed. Fast, cross-chain, and non-custodial.
Letsexchange is an exchange service that accepts Monero, Bitcoin, and Fiat. It may request KYC during risk checks and has a score of 5/10. There are 2 user ratings averaging 3/5.
Scores
lvl. 3/4
- Shotgun KYC
- May request KYC or block funds mid-flow, typically via AML checks, transaction limits, or liquidity partner rules. Refunds are subject to policies.
KYC is not strictly mandatory upfront but can be triggered at any time by LetsExchange or its upstream partners. High-risk transactions flagged by automated KYT monitors will result in frozen funds until identity verification is completed.
- May require KYC/SOF by policy/law -6 -4
If obliged by law or in accordance with the service's internal policy, this service may at any time require mandatory procedures such as identity verification, KYC or provide Source of Funds (SOF) information.
If obliged by law or in accordance with the service's internal policy, this service may at any time require mandatory procedures such as identity verification, KYC or provide Source of Funds (SOF) information.
-6 Privacy-4 Trust - Transaction monitoring -1 0
Deposits are analyzed for blacklisted sources. This service automatically scans transactions AML scores. Flagged transactions may require KYC/SoF verification to complete the trade or unfreeze funds. Resolution depends on the individual service's policy, as some may issue refunds without verification.
Deposits are analyzed for blacklisted sources. This service automatically scans transactions AML scores. Flagged transactions may require KYC/SoF verification to complete the trade or unfreeze funds. Resolution depends on the individual service's policy, as some may issue refunds without verification.
-1 Privacy0 Trust - Refunds do not require KYC +5 +5
The refund process of these services does not require the completion of a Know Your Customer (KYC) procedure or the disclosure of personal information.
The refund process of these services does not require the completion of a Know Your Customer (KYC) procedure or the disclosure of personal information.
+5 Privacy+5 Trust
- Shotgun KYC -15 0
May request KYC or block funds mid-flow, typically via AML checks, transaction limits, or liquidity partner rules. Refunds are subject to policies.
May request KYC or block funds mid-flow, typically via AML checks, transaction limits, or liquidity partner rules. Refunds are subject to policies.
-15 Privacy0 Trust - Source code is private 0 -1
The service's source code is not public, so it cannot be reviewed or audited by the community. This limits transparency.
The service's source code is not public, so it cannot be reviewed or audited by the community. This limits transparency.
0 Privacy-1 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 - 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 - Mature service 0 +5
This service has been operational for 5 years. While this indicates stability, it is not a future-proof guarantee.
This service has been operational for 5 years. While this indicates stability, it is not a future-proof guarantee.
0 Privacy+5 Trust - Legally registered 0 +2
Legally registered as CryptoLightHouse Ltd in Seychelles 🇸🇨.
Legally registered as CryptoLightHouse Ltd in Seychelles 🇸🇨.
0 Privacy+2 Trust - API available 0 0
An API is available for programmatic interaction with this service.
An API is available for programmatic interaction with this service.
0 Privacy0 Trust - Base score +50 +50
Privacy 43 Ă— 60% + Trust 67 Ă— 40% = Overall 5/10
Terms of Service Review
Seychelles-based non-custodial crypto aggregator routing transactions to third-party providers. Features automated transaction risk monitoring, mandatory IP checks, and partner-triggered KYC.
Transaction Freezing
Third-party exchange partners monitor transactions via KYT systems and may suspend or freeze funds if flagged as suspicious or if KYC verification fails.
Shielded Address Loss
Transactions sending dual-nature coins (e.g., Zcash, Dash) from shielded addresses are unsupported and result in permanent, irretrievable loss of funds without refund.
Restricted Jurisdictions
Users from the US, EU, UK, and sanctioned regions are prohibited from using the service. IP addresses are monitored and VPNs/proxies to bypass blocks are banned.
Refund Processing Terms
Unexecutable fixed-rate swaps are refunded by third-party partners where technically feasible, minus partner fees, taking up to 10 business days to process.
Partner Exchange Execution
LetsExchange provides a non-custodial interface; actual token swaps, price rates, custody, and asset handling are performed entirely by third-party providers.
Reviewed from letsexchange.io/kyc-aml letsexchange.io/privacy-policy letsexchange.io/terms-of-use letsexchange.io/cookie-policy
ToS reviews are AI-generated and should be used as a reference only.
Events
View allListing edits (4)
- Listing edit
Service updated
Description was updated. Added currencies: MONERO, FIAT
- Listing edit
Domain change
Service URLs updated from https://letsexchange.io/ to https://letsexchange.io
- Listing edit
Attribute removed
Attribute "Non-custodial wallet" was removed from letsexchange
Evidence and Review History
Verified
Passed repeated checks over time and showed consistent behavior.
- No review checks have been published yet
- Last review May 7
- Verified May 7
- Operating since Mar 1, 2021
Comments
When I've used Letsexchange, the funds I've received have had a better reputation than on other similar services. Their rules are stricter, but it might be worth it. Other services with a worse reputation are less restrictive, but they can taint my coins (bad experience). Although the fee is lower, it's not worth it, it depends on each case. I want to clarify that while their funds’ reputation isn’t bad (although sometimes it’s a bit poor), it’s nothing to write home about.
hi,im asking here since i dont know where else to ask. how does one check the reputation of the funds got from an exchange? im entering the space just now thanks!
Delays in transactions, issues with customer support response times as i seen from others.
Added context: Rating has been disabled, since the user has not tested the service himself.
I may not agree, I contacted support service, they resolved my issue in 15-20 minutes.
Funny how most complaints come from people who never actually used the service. Maybe try a real swap first before leaving dramatic reviews just to game the ratings.
I did used them and further I have used over 50 wanna be service before also, and I’ve noticed how some of them deceive people with fake KYC, fake AML, false Terms of Service, and by freezing users funds etc. My mission is to expose these practices and warn others. Are you offended by that?
I only use this service when I need to swap a rare coin or a rare network, otherwise, it's better to use no-KYC exchanges. However, for small amounts with a clean history, this is a great choice. DYOR