# GhostSwap vs StealthEx vs FixedFloat: No-KYC Swaps

> GhostSwap, StealthEX and FixedFloat compared: coins, rate types, limits, speed and how each handles accounts and ID checks for everyday swaps.

Source: https://ghostswap.io/ghostswap-vs-stealthex-vs-fixedfloat-no-kyc/
Updated: 2026-09-01

GhostSwap, StealthEx, and FixedFloat are all no-KYC, non-custodial crypto swap services. The practical differences between them come down to three things: whether you can choose a fixed rate or only a floating one, how the service handles custody during the swap, and how fast a swap completes. This page compares the three on those points using each provider's publicly stated features (retrieved 2026-09-01).

**TL;DR:** All three run no-account, non-custodial swaps. GhostSwap uses a single floating-rate flow across 1,600+ pairs with a median ~8-minute completion. StealthEx and FixedFloat additionally advertise fixed-rate options. Choose on rate type and coin breadth — none of the three requires an account or identity verification.

## The short answer

GhostSwap, StealthEx, and FixedFloat all require no account and no identity verification to swap, and all pass funds through non-custodially rather than holding them. GhostSwap runs a floating-rate flow with a median completion time of about 8 minutes across 1,600+ pairs and roughly 200 assets. StealthEx and FixedFloat additionally advertise fixed-rate options on their sites. Because the no-KYC, non-custodial baseline is shared, the real decision is rate type and coin breadth.

## How the three compare

Below is a side-by-side of publicly stated features. Sources and retrieval dates are listed under the table.

| Feature | GhostSwap | StealthEx | FixedFloat |
|---|---|---|---|
| Account / KYC to swap | None required | [None required](https://stealthex.io) | [None required](https://fixedfloat.com) |
| Custody | Non-custodial pass-through | Non-custodial | Non-custodial |
| Rate type | Floating | Floating and fixed offered | Floating and fixed offered |
| Supported coins | 1,600+ pairs, ~200 assets | Per their site | Per their site |

Sources: [StealthEx](https://stealthex.io) and [FixedFloat](https://fixedfloat.com), both retrieved 2026-09-01. GhostSwap figures are from the live product API on 2026-09-01. Tone is neutral: these are all functional no-KYC swap services and the comparison is about which flow fits your needs.

## Fixed rate vs floating rate — the real trade-off

The main functional difference between these services is rate type, so it's worth understanding the trade.

- **Floating rate** takes the market rate at the moment your deposit confirms on-chain. GhostSwap uses floating-rate pricing from aggregated liquidity across leading crypto markets. The upside is you don't pay a premium for a locked number; the cost is that a sharp price move during confirmation changes your output amount.

- **Fixed rate** locks the receive amount up front. StealthEx and FixedFloat advertise fixed-rate options on their sites. The certainty is paid for in the spread — a fixed quote builds in a buffer against the price moving before your deposit lands.

Neither is strictly better. Floating suits users who want the tightest pricing and accept some variance; fixed suits users who want a guaranteed number and will pay the spread for it.

## Speed and custody

All three services are non-custodial — your send coin passes through and the receive coin is delivered to your address, with funds never held by the swap provider. On GhostSwap, most swaps finish in about 8 minutes (median), with a slow tail up to roughly 30 minutes when chains are congested. That tail is confirmation time, not a stuck swap: the engine converts once your deposit is confirmed on-chain.

A common use of these services is converting a transparent coin into a privacy coin such as Monero, which shields sender, receiver, and amount by default through ring signatures and stealth addresses — see the [Monero whitepaper](https://github.com/monero-project/research-lab/blob/master/whitepaper/whitepaper.pdf) (van Saberhagen, 2013). Whichever service you use, the input side of the transaction remains a public record on that coin's chain.

## How a swap works on GhostSwap

If you choose GhostSwap, the flow is five steps and needs no account:

- **Pick the pair** — choose your send and receive coins and read the floating-rate estimate.

- **Enter your receiving address** — an address you control, plus a refund address on the send chain.

- **Send your coins** — to the one-time deposit address shown.

- **The engine converts** — at the floating rate when your deposit confirms.

- **Receive** — typically in about 8 minutes.

You can start from the [homepage swap widget](https://ghostswap.io/) or a specific pair page such as [swap BTC to XMR](https://ghostswap.io/exchange/btc-xmr/).

## FAQ

**Q: Which is best — GhostSwap, StealthEx, or FixedFloat?**
A: It depends on rate preference. All three are no-KYC and non-custodial. GhostSwap uses a single floating-rate flow across 1,600+ pairs; StealthEx and FixedFloat additionally advertise fixed-rate options (retrieved 2026-09-01). Pick floating for tighter pricing, fixed for a locked number.

**Q: Do any of them require KYC to swap?**
A: Based on each provider's stated features (retrieved 2026-09-01), none of the three require an account or identity verification to swap. You supply only the receiving and refund addresses.

**Q: How long does a swap take on GhostSwap?**
A: Most swaps finish in about 8 minutes (median). During congestion the slow tail runs up to about 30 minutes, which is on-chain confirmation time.

**Q: Is GhostSwap custodial during the swap?**
A: No. GhostSwap is non-custodial — your coins pass through and the receive asset is delivered to your address. Funds are never held.

## Bottom line

For a no-KYC swap, these three share a non-custodial, no-account baseline; the choice is rate type and coin breadth. To see a live floating-rate quote, use the [homepage swap widget](https://ghostswap.io/) or a [pair page like BTC to XMR](https://ghostswap.io/exchange/btc-xmr/).