Verdict
Higher trust score: DFX Swiss
Based on our trust scoring, DFX Swiss comes out ahead of Kraken (7.4 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
Kraken
4.8
Weak
DFX Swiss
7.4
Good
Privacy /100
Kraken
2
Poor
DFX Swiss
58
Average
Trust /100
Kraken
68
Average
DFX Swiss
87
Good
Side by side
KYC level
L5Mandatory
L3Tiered
Tagline
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.
Swiss non-custodial fiat on/off-ramp by DFX AG (Zug, 2021) — SEPA/SWIFT to 80+ cryptos, no KYC up to 1000 CHF/day, crypto goes directly to your wallet. Open-source API, Swiss SRO license.
Jurisdiction
United States
Switzerland (DFX AG, Zug)
Founded
2011
2021
Tor / .onion
No
No
Categories
Exchange
Exchange, Indie exchange
Feature comparison 10
Kraken
DFX Swiss
Bitcoin (BTC)
Non-custodial
—
Open source
—
Lightning Network
—
Accepts fiat
Mobile app
Web app
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.