Private swap

Two exchangers, one hop, no link between them

A private swap is two ordinary exchanges chained so that the payout of the first is the deposit of the second, routed through XMR. Neither exchanger sees both the source and the destination, and the funds never pass through us at any step.

01 You send USDT to the first exchanger.
02 It pays out XMR straight into the second exchanger's deposit address.
03 The second sends BTC to your address. Neither one saw both ends.

Routes

1 000 USDT → BTC via XMR

8 routes

First leg	Second leg	You get	ETA
Xgram 2.2609 XMR	Changelly Optional	0 .012491 BTC Best rate	45m	Use this route Your BTC address Refund address (USDT) Two orders are created at once. Both quotes are refreshed at this moment, so the final figure may differ slightly from the row above.
Changee 2.2609 XMR	Changelly Optional	0 .012491 BTC 0%	45m	Use this route Your BTC address Refund address (USDT) Two orders are created at once. Both quotes are refreshed at this moment, so the final figure may differ slightly from the row above.
Xgram 2.2609 XMR	Changee Optional	0 .012489 BTC -0.02%	40m	Use this route Your BTC address Refund address (USDT) Two orders are created at once. Both quotes are refreshed at this moment, so the final figure may differ slightly from the row above.
Changee 2.2609 XMR	Xgram Optional	0 .012488 BTC -0.03%	40m	Use this route Your BTC address Refund address (USDT) Two orders are created at once. Both quotes are refreshed at this moment, so the final figure may differ slightly from the row above.
CoinCraddle 2.2541 XMR	Changelly Optional	0 .012454 BTC -0.30%	45m	Use this route Your BTC address Refund address (USDT) Two orders are created at once. Both quotes are refreshed at this moment, so the final figure may differ slightly from the row above.
Xgram 2.2609 XMR	CoinCraddle Optional	0 .012451 BTC -0.32%	40m	Use this route Your BTC address Refund address (USDT) Two orders are created at once. Both quotes are refreshed at this moment, so the final figure may differ slightly from the row above.
Changee 2.2609 XMR	CoinCraddle Optional	0 .012451 BTC -0.32%	40m	Use this route Your BTC address Refund address (USDT) Two orders are created at once. Both quotes are refreshed at this moment, so the final figure may differ slightly from the row above.
CoinCraddle 2.2541 XMR	Changee Optional	0 .012451 BTC -0.32%	40m	Use this route Your BTC address Refund address (USDT) Two orders are created at once. Both quotes are refreshed at this moment, so the final figure may differ slightly from the row above.

What it does

A private swap is two ordinary exchanges placed at the same time with two different services, chained so that the payout address of the first is the deposit address of the second. The hop in the middle is Monero.

The first exchanger sees your source funds and a Monero address. The second sees Monero arriving and your destination address. Neither one has both halves, and the two halves are not linked by anything observable on-chain — Monero’s ring signatures and stealth addresses are what break the trail, not us.

What it does not do

It is not anonymity. If you fund the first leg from an exchange account in your name, the chain of custody starts at your identity regardless of what happens afterwards. The hop hides the link between two addresses; it does not hide who owns the first one.

It is not exempt from compliance. Both exchangers run their own screening and can hold either leg for verification. Any service claiming otherwise is lying.

It is not free. You pay two spreads and three network fees instead of one spread and two. Expect the total cost to be roughly double a direct swap, which is the honest price of the property you are buying.

What can go wrong

The second leg expires before the first pays out. Both legs are created at once, and the second is waiting for a deposit it cannot receive until the first completes. If the first is slow — a congested Bitcoin deposit, say — the second can time out. Its exchanger will then hold the incoming Monero for manual processing rather than losing it, but it becomes a support conversation.

Only the first leg fails. Nothing was sent, so nothing is lost. The second leg expires unfunded on its own.

Only the second leg fails. Your Monero sits at the second exchanger and is recovered through their support, using the tracking code on this site.

Because of that, a private swap is worth it for a large transfer where the link matters and not for a routine one. The tracking page shows both legs separately so you always know which half is which.

How to use it

Pick a direction that does not already start or end in Monero, choose a route, and give a payout address on the destination chain plus a refund address on the source chain. The refund address is more important here than in a direct swap: it is what the first exchanger uses if its leg cannot complete.