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CUNICULA

THORSwap

Decentralized cross-chain swaps. Native BTC. No bridges. No account. No KYC.

thorswap.finance

Decentralized cross-chain swaps. Native BTC. No bridges. No account. No KYC.

Common useCross-chain swapsSwapOperator dataHosted
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 22 Jun 2026KYC checked 22 Jun 2026 · unknown jurisdiction · Source → official siteHow to cite this pageEvidence confidence94/100
Evidence and facts

Evidence and facts

JURISDICTIONUnknown
CAUTIONTHORChain's lending module became insolvent in January 2025 - the SWAP functionality is unaffected but the lending/borrowing module is frozen. Use THORSwap for swaps only. The protocol is genuinely non-custodial for swaps. RUNE token exposure is inherent to the protocol security model.
AUDITED BYNo audit listed
OPERATOR DATAHosted operator recorded
EVIDENCE CONFIDENCE
SELF-REPORTED3/3
Why evidence is 94/100Formula 3.1
Source coverageMaterial claims checked against current sources
+70
Review ageOldest recorded check is 63 days old
+24

Full scoring method

LAST CHECKED2026-06-24
LAST UPDATED2026-06-22

Specs

DOCUMENT CHECKNone recorded
IDENTITY EXPOSURELevel 0/4
KYC TRIGGERSDocs describe THORSwap/Metro as non-custodial and non-KYC DeFi. Wallet-to-wallet swap flow; protocol/frontend risks remain.
FEE~0.3% outbound fee
NETWORKSBTC, ETH, LTC, BCH, ATOM
CATEGORIESSwap
COMMON USESCross-chain swaps, Native BTC trades, No-custodian DEX
FEATURESDecentralized cross-chain, Native BTC/ETH/LTC swaps, No bridges, no wrapping, No account required, No KYC by protocol, Non-custodial, THORChain protocol, No counterparty risk
TORNot listed
REGIONSGlobal availability
Review analysis, source material, related services, and history

About

Cross-chain DEX front-end for THORChain and Metro documenting a non-custodial swap flow without KYC.

Analysis

OVERVIEW

THORSwap is a frontend for the THORChain protocol, running native cross-chain swaps including BTC, ETH and LTC without bridges or wrapped assets, and charging roughly a 0.3% outbound fee with no account or KYC by protocol design.

LIMITS

THORChain's lending module became insolvent in January 2025 and remains frozen according to the record; swap functionality is described as unaffected and genuinely non-custodial, but RUNE token exposure is inherent to the protocol's security model.

USEFUL FOR

Fits users making native cross-chain swaps through the protocol who avoid the frozen lending and borrowing module entirely.

Sources · reviewed 2026-07-16

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.

LEGAL ENTITY
Ferdin Incorporatedsource ↗
Registry research · reviewed 2026-08-08

Frequently Asked Questions

Is identity verification required?

No identity verification is recorded for typical use. Docs describe THORSwap/Metro as non-custodial and non-KYC DeFi. Wallet-to-wallet swap flow; protocol/frontend risks remain.

Which payment methods are accepted?

Accepted payment methods: BTC, ETH, LTC, BCH, ATOM.

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. A hosted operator is recorded. Jurisdiction is shown as context, not a safety verdict. Evidence confidence is 94/100 and recorded risk is caution.

Which payment networks are supported?

Accepted networks: BTC, ETH, LTC, BCH, ATOM.

Related Services

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.

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.