IronSwaps — No-KYC Crypto Exchange | 50+ Coins | No Account Needed

[IronySwapy]

You use external APIs, you don’t offer any new useful features, and you’re checking AML - why should I choose you over another provider that’s more privacy focused?

I checked 1 BTC to ETH - you give over 1 ETH less than one of the popular swaps here on the forum that are VERY privacy focussed lol

Fair points — I won't pretend the rates are the best for
large amounts. For 1 BTC swaps you're right, a more
specialized service will likely beat us on rate.

Where we fit: smaller swaps, users who want a clean simple
interface without registration, and coins that aren't always
available elsewhere.

On AML — it's our liquidity provider's screening, not ours.
No KYC is ever requested regardless of outcome. If flagged,
you get a refund. That's written in the ToS.

Still early, rates and liquidity will improve. Appreciate
the honest feedback.   

To me, this looks like a website thrown together in 15 minutes by Cloude, with the intention of making a few bucks for nothing. You're literally offering NOTHING

You host it on Railway, which is great platform for AI models 

Fair criticism on the design — it's minimal by choice,
not by accident. No popups, no cookie banners, no account
creation. Just swap.

As for Railway — it's a solid hosting platform used by
plenty of legitimate projects, not just AI models. And its Free for starting projects so its good!

If "offering nothing" means no KYC, no registration, and
no data collection — Then you should tell me and what i need to offer more?

[MarryWithBTC]

Good mornin

The sender's address is visible on-chain, but our system
doesn't log or store it. The refund address is required
because our swap engine only knows the deposit address
we generate — there is no automatic way to reverse a
transaction back to the origin without a user-provided
return address.

Thanks for explaining more. I now understand. I was just curious because all transactions are visible on the blockchain. Just that your system doesn't log or store it. I had wondered why exchanges and mixers ask for refund address when they could easily return the fund to the depositing address.

I just found out about copper membership just bought it thanks for mentioning it!

Great you took the advice. Your ANN thread looks better now. Though there's still room for improvement.

[IronySwapy]

Good mornin

The sender's address is visible on-chain, but our system
doesn't log or store it. The refund address is required
because our swap engine only knows the deposit address
we generate — there is no automatic way to reverse a
transaction back to the origin without a user-provided
return address.

Thanks for explaining more. I now understand. I was just curious because all transactions are visible on the blockchain. Just that your system doesn't log or store it. I had wondered why exchanges and mixers ask for refund address when they could easily return the fund to the depositing address.

I just found out about copper membership just bought it thanks for mentioning it!

Great you took the advice. Your ANN thread looks better now. Though there's still room for improvement.

Appreciate the feedback on the thread, Im trying to improving it little by little 

[Zwei]

your exchange design and the swap widget was strangely very familiar to the scam exchange ghostswap: https://bitcointalk.org/index.php?topic=5546987.0
and well well, look at what i found, the coins icons resources are hosted on ghostswap.io:



so OP, what's your connection with ghostswap.io?
are using ghostswap as your liquidity provider? or is this your new scam exchange?

[examplens]

Correct — and this is actually the key point. Our liquidity provider does not request KYC from users either. That is specifically why we chose to work with them.
If a transaction is flagged with a high AML score, the outcome is either the swap completes normally or the funds are refunded. There is no KYC request at any stage — not from us, not from our LP.
We will update our Terms to make this explicitly clear.
ironswaps.org/terms.html section 5

You need to confirm who your liquidity provider is. Many claimed that they were no-kyc, but later it turned out differently. There are different interpretations of the KYC requirement, although there are only two possibilities. Yes or no kyc.
I personally think that an exchange can be called no-KYC only and exclusively if it uses its own liquidity funds. A third party can always unilaterally change the conditions.

[IronySwapy]

your exchange design and the swap widget was strangely very familiar to the scam exchange ghostswap: https://bitcointalk.org/index.php?topic=5546987.0
and well well, look at what i found, the coins logos resources are hosted on ghostswap.io:



so OP, what's your connection with ghostswap.io?
are using ghostswap as your liquidity provider? or is this your new scam exchange?

The widget design is based on an open-source template,
not copied from any specific exchange i think alot of sites use same design.

Regarding the logos — we initially used the first available
CDN source we found for coin icons. We've since moved them
to our own proxy. Your browser now only connects to ironswaps.org.

Like most swap interfaces, we aggregate liquidity from
multiple sources. We don't publicly disclose our providers
as this is commercially sensitive — same as any business.

If you have any issue with a swap, contact us on Telegram
and we'll assist directly

Correct — and this is actually the key point. Our liquidity provider does not request KYC from users either. That is specifically why we chose to work with them.
If a transaction is flagged with a high AML score, the outcome is either the swap completes normally or the funds are refunded. There is no KYC request at any stage — not from us, not from our LP.
We will update our Terms to make this explicitly clear.
ironswaps.org/terms.html section 5

You need to confirm who your liquidity provider is. Many claimed that they were no-kyc, but later it turned out differently. There are different interpretations of the KYC requirement, although there are only two possibilities. Yes or no kyc.
I personally think that an exchange can be called no-KYC only and exclusively if it uses its own liquidity funds. A third party can always unilaterally change the conditions.

We don't publicly disclose our liquidity providers for
commercial reasons — this is standard practice.

You're right that if a provider ever requested KYC,
users would face a difficult choice. This is why our
ToS explicitly states the only outcomes are completion
or refund — no KYC request at any stage. If that ever
changed, we would switch providers immediately.

No swap service using third-party liquidity can give
a 100% guarantee forever — but we commit to transparency
if anything changes.

[examplens]

We don't publicly disclose our liquidity providers for
commercial reasons — this is standard practice.

This is not standard practice. If I knew that your liquidity provider is someone like FixedFloat, Changelly, Changenow, Whitebit... I will definitely not use your exchange.
Standard practice is trust, and it does not exist in this way.

You're right that if a provider ever requested KYC,
users would face a difficult choice. This is why our
ToS explicitly states the only outcomes are completion
or refund — no KYC request at any stage. If that ever
changed, we would switch providers immediately.

How do we know that you have changed your provider if we don't know who your current provider is, and you won't say who the new one is? Do we take your word for it?
What does it mean for a user whose funds are frozen that you will be changing LP?

Is this really your first project here?
The way of writing seems very specific to me, and I have seen it here before.

[Zwei]

The widget design is based on an open-source template,
not copied from any specific exchange i think alot of sites use same design.

which open source template exactly? i mean, since it's open sourced, you definitely can link it for us to check, right?

Regarding the logos — we initially used the first available
CDN source we found for coin icons.

i'm calling BS on that.

what are the odds that from all the coins icons CDNs out there, you would use one from ghostswap, that is self hosting those resources on their wordpress site.
come on, your excuses sound ridiculous, and i know, you know, you are lying.

We've since moved them to our own proxy. Your browser now only connects to ironswaps.org.

you are missing the point.

Like most swap interfaces, we aggregate liquidity from
multiple sources. We don't publicly disclose our providers
as this is commercially sensitive — same as any business.

from what i see, and what i found so far, i'm pretty sure you are just reselling ghostswap using their API: https://ghostswap.io/api/

[uchegod-21]

How do we know that you have changed your provider if we don't know who your current provider is, and you won't say who the new one is? Do we take your word for it?
What does it mean for a user whose funds are frozen that you will be changing LP?

A very thoughtful question you have asked.

I seem not to understand why some exchanges hide their LP. If an exchange is promising us privacy, they should be sincere enough to tell us their LP if they don't have their own liquidity. Is the reason for hiding it related to competitors not knowing?

Mixers partnering jambler are always proud of mentioning them, but in exchanges, it's totally different for some.

[IronySwapy]

We don't publicly disclose our liquidity providers for
commercial reasons — this is standard practice.

This is not standard practice. If I knew that your liquidity provider is someone like FixedFloat, Changelly, Changenow, Whitebit... I will definitely not use your exchange.
Standard practice is trust, and it does not exist in this way.

You're right that if a provider ever requested KYC,
users would face a difficult choice. This is why our
ToS explicitly states the only outcomes are completion
or refund — no KYC request at any stage. If that ever
changed, we would switch providers immediately.

How do we know that you have changed your provider if we don't know who your current provider is, and you won't say who the new one is? Do we take your word for it?
What does it mean for a user whose funds are frozen that you will be changing LP?

Is this really your first project here?
The way of writing seems very specific to me, and I have seen it here before.

You make valid points and I appreciate the direct feedback.

You're right that "standard practice" was the wrong phrase —
trust has to be earned, not assumed.

Our liquidity provider is GhostSwap. We use their API
to execute swaps. We chose them because they don't require
KYC from users at any stage.

We understand the concerns around them. If our provider
ever changes terms, we will announce it publicly in this
thread before it affects any users.

Yes, this is our first project on Bitcointalk. Still learning.

The widget design is based on an open-source template,
not copied from any specific exchange i think alot of sites use same design.

which open source template exactly? i mean, since it's open sourced, you definitely can link it for us to check, right?

Regarding the logos — we initially used the first available
CDN source we found for coin icons.

i'm calling BS on that.

what are the odds that from all the coins icons CDNs out there, you would use one from ghostswap, that is self hosting those resources on their wordpress site.
come on, your excuses sound ridiculous, and i know, you know, you are lying.

We've since moved them to our own proxy. Your browser now only connects to ironswaps.org.

you are missing the point.

Like most swap interfaces, we aggregate liquidity from
multiple sources. We don't publicly disclose our providers
as this is commercially sensitive — same as any business.

from what i see, and what i found so far, i'm pretty sure you are just reselling ghostswap using their API: https://ghostswap.io/api/

You're right, and I won't insult your intelligence further.

Yes, we use GhostSwap's API as our liquidity provider.
The logos came from their CDN because that's what their
API returns. We should have been upfront about this
from the start instead of being evasive.

This is our first project and we chose GhostSwap without
fully researching their reputation in this community.
That was a mistake on our part.

We are now actively looking at alternative providers.
We'll announce any changes publicly in this thread.

How do we know that you have changed your provider if we don't know who your current provider is, and you won't say who the new one is? Do we take your word for it?
What does it mean for a user whose funds are frozen that you will be changing LP?

A very thoughtful question you have asked.

I seem not to understand why some exchanges hide their LP. If an exchange is promising us privacy, they should be sincere enough to tell us their LP if they don't have their own liquidity. Is the reason for hiding it related to competitors not knowing?

Mixers partnering jambler are always proud of mentioning them, but in exchanges, it's totally different for some.

You make a fair point. In our case, we initially hid it
out of inexperience rather than bad intent — we've since
confirmed that we use GhostSwap's API.

Lesson learned: transparency builds more trust than
trying to appear independent. We'll be more upfront
going forward.

[Z-tight]

Yes, we use GhostSwap's API as our liquidity provider.
~snip~
This is our first project and we chose GhostSwap without
fully researching their reputation in this community.
That was a mistake on our part.

We are now actively looking at alternative providers.

Now that the cat is out of the bag and we know your liquidity provider is a scam exchange ghostswap, it is safe to say you are both working together and this service would end up scamming customers and run away with their money. I strongly believe there is a group or team working together to launch different shady instant exchanges in this forum.

I also do not believe you when you say you chose them without proper research, they are your LP because they probably also run this service, but had to come back with a different name, as they have been exposed already. This is not a mistake, you are only calling it that because you have been caught.

[examplens]

Our liquidity provider is GhostSwap.

You see, it is not difficult to be honest, and it helps in the discussion and gaining trust.

We use their API
to execute swaps. We chose them because they don't require
KYC from users at any stage.

This is simply not true.
Even if we ignore the user feedback that exists, where their users complain that they were asked for KYC, in the Ghostswap terms of service, it is clearly written that they can ask for KYC and that they retain the right to block, freeze, or reject any transaction

4. Compliance and Verification
All transactions processed through GhostSwap are subject to automated AML (Anti-Money Laundering) screening and sanctions compliance checks conducted by our licensed processing partners.

In certain cases, including but not limited to transactions that trigger compliance thresholds or involve flagged wallet addresses, you may be required to complete identity verification (KYC) before a transaction can proceed. Failure to complete requested verification may result in the transaction being delayed, suspended, or cancelled.

GhostSwap and its processing partners reserve the right to block, freeze, or reject any transaction that is flagged by compliance systems.

Link: https://ghostswap.io/terms-of-use/

What you present here is a completely legitimate way of doing business, but you have to remove any "no-KYC" tags next to your name, because that is not true, and you are misleading your users that way.
You promise no-KYC, and that part does not depend on you but on your LP. When such a case does happen, you will certainly have part of the blame because someone's funds were frozen, even though you did not influence it. At the same time, you can do very little or nothing to solve the case. Very bad use case.

[IronySwapy]

Yes, we use GhostSwap's API as our liquidity provider.
~snip~
This is our first project and we chose GhostSwap without
fully researching their reputation in this community.
That was a mistake on our part.

We are now actively looking at alternative providers.

Now that the cat is out of the bag and we know your liquidity provider is a scam exchange ghostswap, it is safe to say you are both working together and this service would end up scamming customers and run away with their money. I strongly believe there is a group or team working together to launch different shady instant exchanges in this forum.

I also do not believe you when you say you chose them without proper research, they are your LP because they probably also run this service, but had to come back with a different name, as they have been exposed already. This is not a mistake, you are only calling it that because you have been caught.

We understand the skepticism and respect your right
to that opinion.

We are not affiliated with GhostSwap beyond using their
API — same as many developers who build on third-party
APIs without being part of that company.

We have not scammed anyone. Every transaction either
completes or funds are returned. If that ever changes,
we will shut the service down rather than harm users.

Time will show our intentions better than words can.

Our liquidity provider is GhostSwap.

You see, it is not difficult to be honest, and it helps in the discussion and gaining trust.

We use their API
to execute swaps. We chose them because they don't require
KYC from users at any stage.

This is simply not true.
Even if we ignore the user feedback that exists, where their users complain that they were asked for KYC, in the Ghostswap terms of service, it is clearly written that they can ask for KYC and that they retain the right to block, freeze, or reject any transaction

4. Compliance and Verification
All transactions processed through GhostSwap are subject to automated AML (Anti-Money Laundering) screening and sanctions compliance checks conducted by our licensed processing partners.

In certain cases, including but not limited to transactions that trigger compliance thresholds or involve flagged wallet addresses, you may be required to complete identity verification (KYC) before a transaction can proceed. Failure to complete requested verification may result in the transaction being delayed, suspended, or cancelled.

GhostSwap and its processing partners reserve the right to block, freeze, or reject any transaction that is flagged by compliance systems.

Link: https://ghostswap.io/terms-of-use/

What you present here is a completely legitimate way of doing business, but you have to remove any "no-KYC" tags next to your name, because that is not true, and you are misleading your users that way.
You promise no-KYC, and that part does not depend on you but on your LP. When such a case does happen, you will certainly have part of the blame because someone's funds were frozen, even though you did not influence it. At the same time, you can do very little or nothing to solve the case. Very bad use case.

Thank you for pointing this out with the actual source —
this is exactly the kind of feedback we needed.

You are correct. GhostSwap's own Terms allow KYC in
certain cases, which contradicts what we have been
telling users. We should not have stated "no KYC ever"
if our LP reserves that right.

We are removing "no-KYC" claims from our platform until
we switch to a provider whose Terms genuinely guarantee
no KYC.

We apologize for the misleading information. We are
actively looking for an alternative LP and will announce
it in this thread as soon as we have a solution.

[Z-tight]

We are not affiliated with GhostSwap beyond using their
API — same as many developers who build on third-party
APIs without being part of that company.

I may be wrong and you might not be affiliated with Ghostswap, but i may also be correct; we'd never know for sure, unless you admit it. However, the real question is why should anyone risk their funds using your service when this huge question mark has been raised about your operations.

Even if i agree with you that you are not affiliated with Ghostswap, and that you didn't know of their reputation, it does not change much, as it is your duty to do an extensive research before choosing a LP, especially when you advertise your service as a no-kyc one. Surely you cannot point fingers at me for that shortcoming of yours. I am also sure you know that even if you change your LP, it is going to be hard for anyone to trust your service with their money after this.

[IronySwapy]

We are not affiliated with GhostSwap beyond using their
API — same as many developers who build on third-party
APIs without being part of that company.

I may be wrong and you might not be affiliated with Ghostswap, but i may also be correct; we'd never know for sure, unless you admit it. However, the real question is why should anyone risk their funds using your service when this huge question mark has been raised about your operations.

Even if i agree with you that you are not affiliated with Ghostswap, and that you didn't know of their reputation, it does not change much, as it is your duty to do an extensive research before choosing a LP, especially when you advertise your service as a no-kyc one. Surely you cannot point fingers at me for that shortcoming of yours. I am also sure you know that even if you change your LP, it is going to be hard for anyone to trust your service with their money after this.

Everything you said is fair and I accept it fully.

We made a serious mistake by not researching our LP
thoroughly before launch, especially given our no-KYC
claims. That responsibility is entirely ours.

You're also right that trust is hard to rebuild.
We won't pretend otherwise. It also makes it harder since we are new.

What we can do is switch to a better LP, be fully
transparent about who it is, and let time and
actual user experience speak for itself.

If that's not enough for some people — that's
completely understandable.

[Zwei]

Yes, we use GhostSwap's API as our liquidity provider.

now that you admitted to it, let me ask you this, why should anyone use your website, when you are just reselling another exchange service, you are literally adding no extra value, and actually only making the swap fees cost more for users since you need to take your cut.

This is our first project and we chose GhostSwap without fully researching their reputation in this community. That was a mistake on our part.

i'm not buying it, i think you are just making excuses, or should i say the AI you are using to write for you is.
there are multiple liquidity providers out there who operate in the same way, and from all of them you ended up going with ghostswap?
and from the looks of it, they haven't had their API available for that long.

We have not scammed anyone.

but ghostswap did scam someone before, and you are currently sending swaps their way.

Every transaction either completes or funds are returned. If that ever changes,
we will shut the service down rather than harm users.

by the time you "shut the service down" it would already be too late.

[IronySwapy]

Yes, we use GhostSwap's API as our liquidity provider.

now that you admitted to it, let me ask you this, why should anyone use your website, when you are just reselling another exchange service, you are literally adding no extra value, and actually only making the swap fees cost more for users since you need to take your cut.

This is our first project and we chose GhostSwap without fully researching their reputation in this community. That was a mistake on our part.

i'm not buying it, i think you are just making excuses, or should i say the AI you are using to write for you is.
there are multiple liquidity providers out there who operate in the same way, and from all of them you ended up going with ghostswap?
and from the looks of it, they haven't had their API available for that long.

We have not scammed anyone.

but ghostswap did scam someone before, and you are currently sending swaps their way.

Every transaction either completes or funds are returned. If that ever changes,
we will shut the service down rather than harm users.

by the time you "shut the service down" it would already be too late.

As I stated, we didn't know that GhostSwap had any scammy activities. They were the first to pop up and the fastest to give us API access.
In the meantime, I don't have access to my computer — after this weekend we will try to change the provider.We still looking for one that could give us API to continue running our website
Currently, our users who use our site haven't experienced any problems during swaps, you mention cut and we only take 0.6% from swaps, which doesn't seem like a lot.

[IronySwapy]

Update: Switched Liquidity Provider

We have migrated from GhostSwap to SageSwap as our liquidity provider.

We were not aware of GhostSwap's reputation issues in the community at the time of launch. After seeing the concerns raised, we acted immediately and completed the migration. All 100+ swaps processed during that period completed without any issues or user complaints.

SageSwap requires no KYC under any circumstances. Transactions with a high AML score are not confiscated — in Standard mode they are refunded, and for users who need to process high-AML coins, we now offer an AML mode which routes the output to XMR.

Long term, our goal is to build our own liquidity infrastructure and become fully independent from third-party providers. Using an external LP is a practical starting point, not the end goal.

The service is live at ironswaps.org. Feedback welcome.

[cLoazyL]

Update: Switched Liquidity Provider

We have migrated from GhostSwap to SageSwap as our liquidity provider.

We were not aware of GhostSwap's reputation issues in the community at the time of launch. After seeing the concerns raised, we acted immediately and completed the migration. All 100+ swaps processed during that period completed without any issues or user complaints.

SageSwap requires no KYC under any circumstances. Transactions with a high AML score are not confiscated — in Standard mode they are refunded, and for users who need to process high-AML coins, we now offer an AML mode which routes the output to XMR.

Long term, our goal is to build our own liquidity infrastructure and become fully independent from third-party providers. Using an external LP is a practical starting point, not the end goal.

The service is live at ironswaps.org. Feedback welcome.

That was one of the best moves you could have made if you wanted to continue promoting yourselves as a non kyc platform, but you can also check out other popular options.

I don't recommend b1exch, but other non kyc platforms definitely have great APIs also

[IronySwapy]

Update: Switched Liquidity Provider

We have migrated from GhostSwap to SageSwap as our liquidity provider.

We were not aware of GhostSwap's reputation issues in the community at the time of launch. After seeing the concerns raised, we acted immediately and completed the migration. All 100+ swaps processed during that period completed without any issues or user complaints.

SageSwap requires no KYC under any circumstances. Transactions with a high AML score are not confiscated — in Standard mode they are refunded, and for users who need to process high-AML coins, we now offer an AML mode which routes the output to XMR.

Long term, our goal is to build our own liquidity infrastructure and become fully independent from third-party providers. Using an external LP is a practical starting point, not the end goal.

The service is live at ironswaps.org. Feedback welcome.

That was one of the best moves you could have made if you wanted to continue promoting yourselves as a non kyc platform, but you can also check out other popular options.

I don't recommend b1exch, but other non kyc platforms definitely have great APIs also

Thanks for the feedback! Yes, we did our research this time before choosing a provider.also checked b1exch they dont currently offer any API's and already used 1 from sega. but thanks again will be updating site constantly