Verdict
Higher trust score: Swapter
Based on our trust scoring, Swapter comes out ahead of Binance (5.6 vs 4.2). The gap reflects differences in KYC stance, custody model and operational track record.
Note: Scores are our independent assessment. Both services have valid use cases — read each detail page before deciding.
Score breakdown
Overall /10
Binance
4.2
Weak
Swapter
5.6
Average
Privacy /100
Binance
0
Poor
Swapter
70
Good
Trust /100
Binance
59
Average
Swapter
48
Weak
Side by side
KYC level
L5Mandatory
L2Discreet
Tagline
World's largest centralized crypto exchange — 500+ assets, mandatory KYC for every user, SAFU insurance fund, monthly Merkle-tree proof-of-reserves, and a $4.3B 2023 DOJ settlement with an ongoing compliance monitor.
Instant crypto exchange supporting 1,200+ assets across 450+ networks — no signup, wallet-to-wallet swaps in minutes, but a risk-scoring engine can pause transactions and demand full KYC.
Jurisdiction
Global (UAE-regulated)
Ukraine
Founded
2017
2022
Tor / .onion
No
No
Categories
Exchange
Exchange, Aggregator
Feature comparison 11
Binance
Swapter
Bitcoin (BTC)
Accepts Monero (XMR)
—
No signup required
—
Accepts fiat
—
Mobile app
—
Web app
Instant
—
Available worldwide
—
Custodial
Requires email
—
Logs IP addresses
—
Read the full reviews
The side-by-side covers the headlines — the detail pages walk through every claim and citation.