Verdict
Higher trust score: Swapter
Based on our trust scoring, Swapter comes out ahead of Kraken (5.6 vs 4.8). 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
Swapter
5.6
Average
Kraken
4.8
Weak
Privacy /100
Swapter
70
Good
Kraken
2
Poor
Trust /100
Swapter
48
Weak
Kraken
68
Average
Side by side
KYC level
L2Discreet
L5Mandatory
Tagline
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.
Veteran US-regulated exchange founded 2011 with 600+ assets, full mandatory KYC, and bi-annual proof-of-reserves audits — listed here as a comparison baseline for custodial KYC platforms, not as a no-KYC option.
Jurisdiction
Ukraine
United States
Founded
2022
2011
Tor / .onion
No
No
Categories
Exchange, Aggregator
Exchange
Feature comparison 11
Swapter
Kraken
Bitcoin (BTC)
Accepts Monero (XMR)
—
No signup required
—
Lightning Network
—
Accepts fiat
—
Mobile app
—
Web app
Instant
—
Available worldwide
—
Custodial
Requires email
—
Read the full reviews
The side-by-side covers the headlines — the detail pages walk through every claim and citation.