[thorchain] THORChain
Non-custodial cross-chain liquidity for native assets like BTC.
non-custodialno-kycdexcross-chainsince 2021★4.1
THORChain is a decentralized cross-chain liquidity network that swaps native assets — native Bitcoin, native ETH and more — without wrapping and without a custodian. It is the protocol Maya is derived from and has the deepest non-custodial liquidity for base-layer coins.
You send to a protocol-controlled vault and receive the output at your own address. There is no account and no KYC.
Pros
✓ Deepest non-custodial liquidity for native BTC/ETH swaps
✓ No account, no KYC
✓ True alternative to custodial exchangers
✓ Settles to your own wallet
Cons
• Slower (~10–20 min)
• Larger trades incur slip-based fees
• Asset set narrower than custodial exchangers
Fees
THORChain charges a liquidity and outbound fee included in the quote. BestDEX ranks it alongside custodial exchangers for the same pair by what you actually receive.
Security & audits
No public audit on file in our directory.
FAQ
Is THORChain safe and non-custodial?
THORChain is non-custodial — no company holds your funds. Swaps run through protocol vaults secured by bonded validators, and output settles to your own address. The protocol has matured significantly since its early incidents.
Can I swap native BTC with no KYC?
Yes. THORChain swaps native Bitcoin without wrapping and without identity verification — a core reason it appears on BestDEX.
How long does a THORChain swap take?
Usually about 10–20 minutes depending on confirmations on the source chain.
Visit THORChain ↗ Compare live rates →