KYC level
Rare / if flagged — no account
Baltex verified yesterday
Instant swap for 200+ assets with no registration, plus a genuinely non-custodial DEX layer — but the main service holds deposits, can demand ID on risk flags, and keeps KYC records for 5 to 10 years · since 2025
Verification criteria
⚠ Recorded incidents
minor
2025-09-24 Policy
Ongoing
Refusing KYC normally results in a refund to the sending address minus network fees, but the policy states that in some cases the refund cannot be processed until verification is fully completed or the review has ended, with no maximum duration given. KYC can be demanded when a transaction fails the internal risk system, involves a high-risk region, or shows high-risk patterns; documents may include passport or driving licence, proof of address and source of funds. Source: baltex.io KYC/AML page
minor
2025-09-24 Policy
Ongoing
KYC/AML records are retained for 5 to 10 years per the privacy policy, alongside automatically collected usage data, user-supplied data and on-chain data. The service states it works actively with agencies and regulators. Operator: GGWP Limited. Note the brand covers four distinct products under one name — a non-custodial DEX layer, a private swap layer, a fiat layer via external providers, and the main custodial instant swap this listing describes. Source: baltex.io privacy policy and terms
Posture
Custody
Custodial
Logging policy
Standard
Liquidity
Mixed (own + routed)
Data collected
email, usage_data, onchain_data, id_documents, proof_of_address, source_of_funds
Authority data-sharing
Shares with authorities
JavaScript
Required
Open source
No
Frozen-funds policy
Risk-based
Blocked jurisdictions
none
Privacy — Exchange
Swap mechanism
Instant Custodial
Own reserve (fewer third parties)
No
Liquidity model
Mixed
No deposit-address reuse
No
Recourse
No terms of service published
No
No legal entity or forum named
Yes
Legal entity
None named — terms and footer say only "Baltex"
Dispute forum / governing law
Costa Rica law stated, no company or court named
Details
Supported assets
BTC · ETH · USDT · BNB · SOL · XRP · TON · USDC · DOGE · ADA · TRX · AVAX
Settlement speed (s)
1800
API available
No
Rate type
Float
Reliability
30-day uptime
100.0%
Incident history
2 recorded