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BasicSwap 9.1 / 10

Cross-chain atomic-swap DEX from the Particl Project, run locally as a self-hosted node with Docker — trustless BTC↔XMR swaps via adaptor signatures, no accounts, no fees, MIT-licensed.

L0Trustless Online No HQ Since 2020 BTC XMR Verified 3 weeks ago

Pros and cons +5 −4

  • Trustless BTC↔XMR atomic swaps via adaptor signatures — no intermediary
  • Self-hosted: no accounts, no operator, no central custody or order book
  • Twelve supported coins including BTC, XMR, LTC, DASH, DCR, PART, FIRO
  • MIT-licensed code, active Particl-team development for five-plus years
  • No platform fees — only on-chain miner fees and a small anti-DoS bond
  • Formally in beta; Docker + multiple full nodes required to install
  • Liquidity thin compared with centralised venues
  • No hosted fallback — non-technical users cannot participate
  • Desktop/server only — no mobile client planned

Quick facts

Jurisdiction No HQ
Founded 2020
Status Online · 3 weeks ago
Categories Exchange DEX P2P

At a glance 8/8

Bitcoin (BTC)
Accepts Monero (XMR)
Non-custodial
Open source
No signup required
Tor (.onion) available
Peer-to-peer
Available worldwide

Full review

By NoKYCZone Editorial Published Last reviewed How we score

BasicSwap (BSX) is a cross-chain atomic-swap DEX developed inside the Particl Project by pseudonymous lead developer tecnovert. It ships as a Docker-based self-hosted application that the user runs alongside full nodes of the coins they want to trade, and it is one of the very few implementations that performs trustless BTC↔XMR atomic swaps using adaptor signatures — a cryptographic capability that a central exchange simply cannot match.

How it works

Each participant runs a local BasicSwap instance plus the full nodes for the coins in play (Bitcoin, Monero, Litecoin, Dash, Decred, Particl, Firo, PIVX, Wownero, Dogecoin, Bitcoin Cash, Namecoin). Peers discover each other over an SMSG decentralised messaging layer — described in Particl documentation as "the decentralised SWIFT". Orders are posted to a distributed order book; matched trades are settled directly on the two respective chains using HTLCs for Bitcoin-script-compatible coins and adaptor signatures for Monero-family coins. BasicSwap itself never routes, custodies or executes the swap — it is pure cryptographic settlement between the two users.

KYC & privacy

None, by construction. There are no accounts to create and no central operator to KYC anyone; Tor integration in the networking layer lets the instance run behind an onion. The only identifying footprint is the on-chain addresses the user controls.

Strengths and limits

The code is open-source under MIT at github.com/basicswap/basicswap. There are no maker/taker fees — participants pay only on-chain miner fees and lock a small bond deposit to prevent DoS. The killer feature is the trustless BTC↔XMR path: swapping Bitcoin for Monero without trusting a central party has historically been the Monero community's holy grail, and BasicSwap delivers it alongside a small set of peers (COMIT/UnstoppableSwap, eigenwallet). The trade-off is real: the project is still formally in beta, setup requires Docker and enough disk for multiple full nodes, liquidity is thin, and there is no hosted fallback for non-technical users.

Verdict

At 9.1/10 with KYC rated trustless (L0), BasicSwap is a technically uncompromising DEX that solves the BTC↔XMR problem in the only way that actually preserves privacy: on-chain, without a third party, under your own keys. The cost is operational complexity, not trust.

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