BasicSwap

Trustless atomic swap DEX. BTC ↔ XMR with no accounts, no custodian, no KYC.

basicswapdex.com

Zero KYC
Evidence and facts →

Trustless atomic swap DEX. BTC ↔ XMR with no accounts, no custodian, no KYC.

Common useTrustless BTC/XMR swapsP2POperator dataUnknown

Identity checksZero KYCNo document check recorded · identity exposure level 0/4

Evidence and riskVerified evidenceCautionMaterial claims checked against current sources.; those sources show trade-offs worth reading.

Last reviewedReviewed 25 Aug 2026KYC checked 25 Aug 2026 · unknown jurisdiction · Source → official termsHow to cite this pageSource coverageVerified evidenceRecorded riskCaution

Evidence and facts

CUNICULA SCORE 4.0

32/100Limited evidencePrivacy 12/25 · Control 0/20 · Transparency 0/20 · Security 14/25 · Accountability 6/10 · Cap 69 · Method

JURISDICTIONUnknown

INCIDENTAdaptor-signature counterparty fund-trapping issue
resolved · critical · since 2026-08-01
BasicSwap described a critical adaptor-signature issue that could let a counterparty trap, but not steal, swap funds. Version 0.17.7 fixed it; the project then published mandatory Bitcoin Cash/Litecoin follow-up releases 0.17.8 and 0.17.9 on 3 August. BasicSwap v0.17.7 mandatory release, BasicSwap v0.17.8/v0.17.9 follow-up

INCIDENTJuly 2026 swap-security issue
resolved · high · since 2026-07-14
BasicSwap told users to withdraw offers and stop new swaps while a swap-security issue was fixed. Version 0.17.2 was published the same day as the mandatory fix. BasicSwap initial security notice, BasicSwap v0.17.2 fix

AUDITED BYNo audit listed

OPERATOR DATAUnknown

SOURCE COVERAGE

Verified evidenceTHIRD-PARTY REPORTED4/5Reviewed 25 Aug 2026 · Source → official terms

LAST CHECKED2026-08-25

LAST UPDATED2026-08-25

Specs

DOCUMENT CHECKNone recorded

IDENTITY EXPOSURELevel 0/4

KYC TRIGGERSNo account. No email. Atomic swaps are protocol-level - no service provider can be coerced.

FEEno fees (atomic swap)

NETWORKSBTC, XMR, LTC, FIRO, PART

CATEGORIESP2P

COMMON USESTrustless BTC/XMR swaps, No-counterparty-risk trading, Self-custodial swaps

FEATURESAtomic swaps (trustless), BTC/XMR native support, No account, no custodian, Decentralized order book (SMSG), Open source, No central operator

TORNot listed

REGIONSGlobal availability

Review analysis, source material, related services, and history

About

Open-source cross-chain atomic-swap protocol using a distributed order book, with no central operator or user account.

Analysis

OVERVIEW

BasicSwap runs atomic swaps directly between chains (BTC, XMR, LTC, FIRO, PART) with no platform fee, built on Particl's decentralized messaging network; Particl Stiftung is described as a Swiss non-profit foundation based in Zug.

LIMITS

The record discloses that an advisor, Charlie Shrem, has a historical conviction, notes there is no published independent security audit specifically for the BasicSwap code itself, and flags low trading volume and limited liquidity compared to custodial swap services.

USEFUL FOR

Fits users prioritizing a no-custodian, no-counterparty swap structure who accept thinner liquidity than custodial alternatives offer.

Sources · reviewed 2026-07-16

Official site ↗

Corporate identity

Registry-sourced, not audited. The facts below come from cited web research rather than a direct registry query. Each claim links its own source.

Registry research · reviewed 2026-08-25

Frequently Asked Questions

Is identity verification required?

No identity verification is recorded for typical use. No account. No email. Atomic swaps are protocol-level - no service provider can be coerced.

Which payment methods are accepted?

Accepted payment methods: BTC, XMR, LTC, FIRO, PART.

Where is it available?

Recorded availability: GLOBAL.

Is the operator based in a Five Eyes country?

The jurisdiction is not publicly confirmed. Check the provider site for incorporation details.

How are identity, operator, and evidence fields reported?

Identity exposure is level 0 of 4. Hosted operator data has not been established. Jurisdiction is shown as context, not a safety verdict. Source coverage is verified evidence, last reviewed 2026-08-25, and recorded risk is caution.

Which payment networks are supported?

Accepted networks: BTC, XMR, LTC, FIRO, PART.

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Compare

Compare withXMR BazaarKYC, privacy, evidence, risk, fees, limits, jurisdiction, audits, and features.

Sources and history

Terms and privacy policy

No changes to the document we watch since we started checking on 9 Aug 2026. Last checked 9 Aug 2026.

Service history

Latest meaningful changes to the facts shown on this provider page.

26 Aug 2026
Apply full-service rereview and score 4.0
Checked at, Corporate / Entity type / Citation, Corporate / Entity type / Note, Corporate / Entity type / Value, and 12 more
9 Aug 2026
Corporate registry information updated
Corporate / Entity type
8 Aug 2026
Corporate registry information updated
Corporate

Full service history

27 Aug 2026updated
Reconcile score 4.0 evidence
Score assessment / Control model
decentralizedunknown
Score assessment / Operator data exposure
limitedunknown
Score assessment / Source model
openunknown
Score review
not setOutcome: PASS; Checked at: 2026-08-25; Inputs: Operator data exposure: unknown; Control model: unknown; Source model: unknown; Audit: Score eligible: no; Reason: No dated, scoped, current audit citation was normalized in the reviewed packet; legacy auditedBy labels receive no score credit.
Review source: official terms · public history entry
26 Aug 2026updated
Apply full-service rereview and score 4.0
Checked at
2026-06-242026-08-25
Corporate / Entity type / Citation
unknownhttps://basicswapdex.com/terms.html
Corporate / Entity type / Note
Pass 1 researched this service but established no registry facts.Current official terms describe open-source software and a system with no operator.
Corporate / Entity type / Value
unresolvedproject-no-legal-entity
Corporate / Reviewed at
2026-08-082026-08-25
Corporate / Source
registry research 2026-08-08,official terms recheck 2026-08-25
Description
Cross-chain atomic swap DEX on Particl's messaging network, trading BTC, XMR and LTC without accounts.Open-source cross-chain atomic-swap protocol using a distributed order book, with no central operator or user account.
Features
Atomic swaps (trustless), BTC/XMR native support, No account, no custodian, Decentralized order book (SMSG), Open source, Swiss foundationAtomic swaps (trustless), BTC/XMR native support, No account, no custodian, Decentralized order book (SMSG), Open source, No central operator
Jurisdiction
CH??
Jurisdiction confidence
inferredunknown
KYC last checked
2026-06-222026-08-25
Last reviewed
2026-06-222026-08-25
Privacy warning
BasicSwap is a trustless atomic swap DEX - no custodian, no counterparty, no KYC by protocol design. Low trading volume and limited liquidity compared to custodial swaps. No published independent security audit specifically for BasicSwap code (Particl platform has had previous reviews). Charlie Shrem advisor historical conviction disclosed. Swiss (Zug) jurisdiction is strong - not Five Eyes, no FISA.BasicSwap has no central operator or legal entity identified by its current terms, so Swiss/Five-Eyes jurisdiction claims are unsupported. It remains low-liquidity software without a published independent BasicSwap code audit. July and August 2026 swap-security issues were fixed in mandatory releases; update before trading.
Source reviewed
official sitehttps://basicswapdex.com/terms.html
Score assessment
not setOperator data exposure: limited; Control model: decentralized; Source model: open
Updated at
2026-03-142026-08-25
Review source: official terms · public history entry
9 Aug 2026updated
Corporate registry information updated
Corporate / Entity type
not setunresolved
Review source: official site · public history entry
8 Aug 2026updated
Corporate registry information updated
Corporate
not setOfficers: none; Prior entities: none
Review source: official site · public history entry
8 Aug 2026updated
Provider summary rewritten
Description
Trustless cross-chain atomic swap DEX built on Particl's decentralized messaging network. Swap BTC, XMR, LTC and others without accounts, custodians, or counterparty risk. Orders posted to a decentralized order book. Particl Stiftung is a Swiss non-profit foundation (Zug). No KYC, no registration.Cross-chain atomic swap DEX on Particl's messaging network, trading BTC, XMR and LTC without accounts.
Review source: official site · public history entry
7 Aug 2026updated
Provider summary rewritten
Card summary
not setTrustless cross-chain atomic swap DEX.
Review source: official site · public history entry
6 Aug 2026updated
Provider presentation updated
Best for
Trustless BTC/XMR swaps, No-counterparty-risk trading, Maximum privacy DEXTrustless BTC/XMR swaps, No-counterparty-risk trading, Self-custodial swaps
Evidence status
not setverified
Kyc note
No account. No email. Atomic swaps are protocol-level — no service provider can be coerced.No account. No email. Atomic swaps are protocol-level - no service provider can be coerced.
Privacy warning
BasicSwap is a trustless atomic swap DEX — no custodian, no counterparty, no KYC by protocol design. Low trading volume and limited liquidity compared to custodial swaps. No published independent security audit specifically for BasicSwap code (Particl platform has had previous reviews). Charlie Shrem advisor historical conviction disclosed. Swiss (Zug) jurisdiction is strong — not Five Eyes, no FISA.BasicSwap is a trustless atomic swap DEX - no custodian, no counterparty, no KYC by protocol design. Low trading volume and limited liquidity compared to custodial swaps. No published independent security audit specifically for BasicSwap code (Particl platform has had previous reviews). Charlie Shrem advisor historical conviction disclosed. Swiss (Zug) jurisdiction is strong - not Five Eyes, no FISA.
Recorded risk
not setcaution
Trust level
cautionnot set
Review source: official site · public history entry
24 Jun 2026updated
Provider facts reviewed and updated
Checked at
2026-06-222026-06-24
Review source: official site · public history entry
22 Jun 2026updated
Provider facts reviewed and updated
Checked at
2026-03-142026-06-22
KYC last checked
2026-03-142026-06-22
Last reviewed
2026-03-142026-06-22
Source reviewed
older source, not independently verifiedofficial site
Review source: official site · public history entry
22 Jun 2026updated
Ship trust audit remediation pass
Jurisdiction confidence
not setinferred
KYC last checked
not set2026-03-14
Last reviewed
not set2026-03-14
Source reviewed
not setolder source, not independently verified
Review source: older source, not independently verified · public history entry
7 Apr 2026updated
Drop warrantCanary trust signal
Warrant canary
nonot set
Review source: source not recorded · public history entry
29 Mar 2026updated
Remove dead services, update moved domains
Domain
basicswapdex.iobasicswapdex.com
Url
https://basicswapdex.iohttps://basicswapdex.com
Review source: source not recorded · public history entry
29 Mar 2026updated
KYC risk level system + advanced directory filters
KYC level
zero0
Review source: source not recorded · public history entry
14 Mar 2026updated
Offline status bug, vetted grid, news/projects img tags
Status
liveok
Review source: source not recorded · public history entry
14 Mar 2026created
Provider presentation updated
Provider profile
not setcreated
Review source: source not recorded · public history entry

Only fields shown on the provider page are tracked. Private identifiers are never published.

Evidence basis: Claims on this page are linked to published sources for comparison, not certification, audit, endorsement, or recommendation; read the methodology and coverage map before relying on an entry.