A no-KYC crypto swap lets you trade one coin for another without an account, email, or identity verification. Instead of holding your funds in an exchange balance, a non-custodial swap routes coins straight from your sending wallet to your receiving address. This page compares the main no-KYC options in 2026 on the four things that actually differ: custody model, KYC requirement, supported pairs, and typical completion time.
TL;DR: GhostSwap is a no-KYC, non-custodial crypto swap with 1,600+ pairs live and a median completion time of about 8 minutes. It needs no account and never holds your funds — coins pass through to your receiving address.
A no-KYC crypto swap is a crypto-to-crypto exchange that completes trades without collecting identity documents or requiring an account. Unlike a custodial exchange, a non-custodial swap never holds your balance — funds pass through and settle to a wallet address you control.
What actually differs between no-KYC swaps
Most no-KYC swaps look similar on the surface: paste an address, send coins, receive coins. The differences that matter are structural, not cosmetic.
- Custody model — Does the service hold your funds mid-swap, or pass them through non-custodially? GhostSwap is a non-custodial pass-through — funds are never held by GhostSwap.
- KYC requirement — Some services are no-KYC by default but flag transactions for verification. GhostSwap requires no account, no email, and no identity verification to swap.
- Supported pairs — Pair count sets what you can actually swap. GhostSwap supports 1,600+ pairs across BTC, ETH, XMR, SOL and altcoin networks.
- Rate model and speed — Floating-rate pricing draws from aggregated liquidity from leading crypto markets, and completion time depends on chain congestion. GhostSwap's median completion time is about 8 minutes, with the slower tail (p95) around 30 minutes.
How the main no-KYC swaps compare
The table below uses each service's own public documentation, retrieved 2026-07-07. Competitor figures come from their live sites; GhostSwap figures come from its product data.
| Feature | GhostSwap | FixedFloat | SimpleSwap | SideShift |
|---|---|---|---|---|
| Account / KYC | None required | No account | No account | No account |
| Custody | Non-custodial pass-through | Non-custodial | Non-custodial | Non-custodial |
| Rate model | Floating-rate | Fixed + float | Fixed + float | Float (variable) |
| Supported pairs | 1,600+ | See site | See site | See site |
| Typical speed | ~8 min median | Varies | Varies | Varies |
Sources: FixedFloat (retrieved 2026-07-07), SimpleSwap (retrieved 2026-07-07), SideShift (retrieved 2026-07-07). Rate-model and custody descriptions are drawn from each provider's public site; check the source for current terms.
Floating rate vs fixed rate — the real trade-off
Floating-rate swaps quote the price at the moment your funds arrive and convert, not the moment you click. That means the amount you receive can move within the quoted spread between your send and the settlement. Fixed-rate swaps lock a number up front but usually build a larger buffer into the quote to cover that risk.
GhostSwap uses floating-rate pricing from aggregated liquidity from leading crypto markets. If you send during a volatile window, expect the received amount to land inside the quoted spread rather than exactly on the click-time number.
How to run a no-KYC swap
The mechanics are the same across non-custodial swaps. On GhostSwap:
- Pick your pair — Choose the coin you're sending and the coin you want to receive from the swap widget on the homepage.
- Enter your receiving address — Paste the wallet address where you want the output coin. Add a refund address so funds can be returned if a swap can't complete.
- Send your coins — Send the input amount to the deposit address shown. No account, no email, no identity verification.
- Funds route non-custodially — Coins pass through and convert; GhostSwap never holds your balance.
- Receive — The output coin lands in your wallet, typically in about 8 minutes.
For a common privacy-coin route, the BTC to XMR pair page walks through that specific swap. If you're funding a swap with fiat first, see how to buy crypto.
FAQ
Q: What is a no-KYC crypto swap?
A: A no-KYC crypto swap trades one coin for another without an account or identity verification. On a non-custodial swap like GhostSwap, funds pass through to your receiving address and are never held by the service.
Q: Is a no-KYC swap non-custodial?
A: Not always — some no-KYC services still hold your funds mid-swap. GhostSwap is a non-custodial pass-through: coins route from your sending wallet to your receiving address and GhostSwap never holds them.
Q: How many pairs does GhostSwap support?
A: GhostSwap supports 1,600+ pairs across BTC, ETH, XMR, SOL and altcoin networks. It uses floating-rate pricing from aggregated liquidity from leading crypto markets.
Q: How long does a no-KYC swap take?
A: On GhostSwap the median completion time is about 8 minutes, with a slower tail (p95) around 30 minutes. Actual time depends on the chains involved and network congestion.
Start a swap
If you want a no-KYC, non-custodial swap with 1,600+ pairs, start from the GhostSwap homepage swap widget.
