SideSwap Asset Compatibility Checker
Supported Assets
- ✓ Bitcoin (BTC)
- ✓ Liquid Bitcoin (L-BTC)
- ✓ Liquid USDT (L-USDT)
- ✓ Blockstream Mining Notes (BMN)
- ✓ MicroStrategy (CMSTR)
Unsupported Assets
- ✗ Ethereum (ETH)
- ✗ Tether (USDT)
- ✗ ERC-20 Tokens
- ✗ BEP-20 Tokens
- ✗ Other Multi-chain Tokens
TL;DR
- SideSwap is a non‑custodial, KYC‑free exchange built exclusively for the Liquid Network.
- It uses atomic swap tech and Confidential Transactions to keep your funds and amounts private.
- Supports Bitcoin, Liquid‑based assets (L‑BTC, L‑USDT) and tokenized securities like Blockstream Mining Notes.
- Compared to Uniswap, PancakeSwap and SimpleSwap, SideSwap offers tighter privacy but a narrower asset range.
- Best for users who need Bitcoin‑centric trading, institutional‑grade tokenized securities, and total control of private keys.
When you hear the name SideSwap is a peer‑to‑peer crypto exchange and self‑custody wallet built on the Liquid Network. It lets you trade without handing your coins to a middleman, keeping the private keys in your hands from start to finish. If you’re hunting for a privacy‑first platform that focuses on Bitcoin‑based assets, this review breaks down exactly how SideSwap works, who it’s for, and how it compares to the big‑name DEXs.
What Is the Liquid Network?
The Liquid Network is a Bitcoin sidechain created by Blockstream. It adds features like faster settlements, Confidential Transactions (which hide amounts and asset types), and the ability to issue tokenized assets such as securities or stablecoins. Think of it as Bitcoin’s financial layer, where you can move value quickly and privately while still anchoring to the main Bitcoin blockchain.
How SideSwap Executes Trustless Trades
SideSwap’s core engine relies on atomic swaps. An atomic swap is a cryptographic protocol that guarantees either both sides of a trade happen or none do. This eliminates the need for a custodial escrow. The process goes like this:
- User A creates a hash‑locked contract for Asset X on the Liquid Network.
- User B mirrors the contract for Asset Y using the same hash.
- Both parties reveal the secret, completing the trade simultaneously.
The result? Your private keys never leave your device, and you avoid the counter‑party risk that plagues centralized exchanges.
Asset Coverage - What Can You Trade?
SideSwap isn’t a multichain marketplace. Its strength is depth, not breadth. The platform currently supports:
- Bitcoin (BTC) - the native Bitcoin network.
- Liquid Bitcoin (L‑BTC) - a tokenized version of BTC on the Liquid sidechain.
- Liquid USDT (L‑USDT) - a stablecoin issued on Liquid.
- Blockstream Mining Notes (BMN) - a token representing future mining revenue.
- MicroStrategy‑backed securities (CMSTR) - tokenized exposure to MicroStrategy’s Bitcoin holdings.
If you need to swap a token that lives on Ethereum or BNB Chain, you’ll have to look elsewhere. That limitation is intentional; SideSwap wants to be the go‑to hub for Bitcoin‑centric financial products.
Privacy and Security Features
Two flagship technologies set SideSwap apart:
- Confidential Transactions - amounts and asset types are encrypted on‑chain, shielding you from onlookers.
- Non‑custodial design - because you never deposit funds into a third‑party wallet, the platform eliminates the classic "exchange hack" vector.
Additionally, SideSwap does not require KYC for standard swaps. You can start swapping instantly, no email or ID needed. This aligns with privacy‑focused users but also places the platform in a regulatory gray zone, especially as global authorities tighten KYC/AML rules.
User Experience - From Sign‑Up to Swap
Getting started is refreshingly simple:
- Visit the website or download the mobile app (latest update 22July2025).
- Connect your Liquid‑compatible wallet (e.g., Blockstream Green or a hardware wallet that supports Liquid).
- Select the assets you want to trade and confirm the atomic swap operation.
- Watch the on‑chain confirmation; funds appear in your wallet automatically.
The UI is clean, with a dark theme and clear asset icons. However, newcomers unfamiliar with concepts like hash‑locked contracts may need a quick tutorial, which the platform provides via short videos and a knowledge base.
How SideSwap Stacks Up Against the Competition
| Exchange | KYC Requirement | Primary Chain(s) | Asset Focus | Approx. TVL (2025) | Privacy Feature |
|---|---|---|---|---|---|
| SideSwap | No KYC for swaps | Liquid (Bitcoin sidechain) | BTC, L‑BTC, L‑USDT, tokenized securities | $45M | Confidential Transactions |
| Uniswap | Optional KYC (via 3rd‑party services) | Ethereum, Optimism, Polygon, BNB Chain | ERC‑20, BEP‑20, other multichain tokens | $4B | None (public ledger) |
| PancakeSwap | No KYC | BNB Chain | BEP‑20 tokens, LP tokens | $1.2B | None (public ledger) |
| SimpleSwap | No KYC for most swaps | Multi‑chain (over 900 pairs) | Broad range of coins & tokens | $300M | Standard TLS encryption only |
SideSwap’s niche focus gives it unrivaled privacy within the Bitcoin ecosystem, but it can’t compete on liquidity volume or asset diversity. If you’re after a specific Liquid‑based security or want to keep your trade amounts hidden, SideSwap wins hands down.
Pros, Cons, and Who Should Use It
- Pros: Full self‑custody, no KYC, Confidential Transactions, support for tokenized securities, active development (updates as of July2025).
- Cons: Limited to Liquid assets, lower overall liquidity, potential regulatory risk in jurisdictions tightening KYC rules.
- Best For: Bitcoin enthusiasts, institutional investors eyeing tokenized securities, privacy‑concerned traders who don’t need a huge array of tokens.
- Not Ideal For: Users wanting to trade Ethereum, BNB Chain, or a broad set of DeFi tokens in a single UI.
Regulatory Outlook
SideSwap’s KYC‑free model is attractive but may attract scrutiny as governments push for stricter anti‑money‑laundering (AML) enforcement. The platform’s reliance on the Liquid Network - which itself complies with certain regulatory standards for token issuance - could provide a buffer, but users should stay aware of local laws. In regions with tight crypto regulations (e.g., the EU’s MiCA framework), SideSwap might need to adapt its onboarding process.
Final Thoughts
If you need a dedicated, privacy‑first gateway to Bitcoin‑based financial products, SideSwap review makes it clear that the platform delivers on its promises. Its non‑custodial design, atomic swaps, and Confidential Transactions provide security levels that most centralized exchanges can’t match. The trade‑off is a narrower asset list and lower liquidity, which means it’s not the one‑stop shop for every crypto trader. For the right niche - Bitcoin‑centric investors and tokenized securities seekers - SideSwap is a compelling choice.
Frequently Asked Questions
Do I need to create an account on SideSwap?
No. SideSwap works without a traditional account. You just connect a Liquid‑compatible wallet and start swapping.
What wallets are compatible with SideSwap?
Any wallet that supports the Liquid Network - such as Blockstream Green, hardware wallets with Liquid firmware, or the native SideSwap mobile app - can be used.
Is there a fee for using SideSwap?
SideSwap only charges the on‑chain transaction fee for the Liquid Network and a small protocol fee (typically 0.1‑0.2%). There are no hidden or KYC fees.
Can I trade Ethereum tokens on SideSwap?
No. SideSwap is built exclusively for the Liquid Network, so Ethereum‑based tokens are not supported. You’d need a different DEX for those assets.
How does SideSwap ensure privacy?
Through Confidential Transactions, which encrypt both the amount and the asset type, and by never storing user funds in a custodial account. Only the parties involved see the trade details.
Comments (17)
MARLIN RIVERA
May 4, 2025 AT 16:30 PMSideSwap tries to market itself as the privacy champion of DEXes, but it’s essentially a niche playground for Liquid‑only token geeks. The limited asset list turns away anyone who isn’t already deep in the Bitcoin sidechain ecosystem, and the TVL numbers make it look like a hobby project rather than a serious competitor.
Nathan Blades
May 4, 2025 AT 16:40 PMWhoa, folks, this review hits the mark like a bolt of lightning! 🎉 SideSwap’s non‑custodial design is a breath of fresh air for anyone who’s fed up with exchange hacks. The atomic swap mechanism means you keep your private keys in your pocket, which feels like a superhero cape for your Bitcoin. And those Confidential Transactions? Pure wizardry – they hide your amounts like a magician’s hat. If you’re a Bitcoin purist craving privacy, this is the platform to watch.
Somesh Nikam
May 4, 2025 AT 16:54 PMGreat breakdown! I appreciate the step‑by‑step guide – it demystifies atomic swaps nicely. 👍 The clear UI screenshots and the video tutorial links make onboarding less intimidating for newcomers. Also, the mention of tokenized securities like BMN and CMSTR highlights a real use‑case beyond simple BTC swaps. Keep up the helpful content!
Jan B.
May 4, 2025 AT 17:07 PMSideSwap looks solid for Bitcoin‑centric traders.
Debby Haime
May 4, 2025 AT 17:20 PMHey team, love the energy here! 🚀 The no‑KYC approach is a double‑edged sword – great for privacy nuts but could attract some regulator heat. Still, the fact that you can just plug in a Liquid wallet and start swapping is a game‑changer. If you’re hunting privacy without compromising on tokenized assets, give SideSwap a spin.
Andy Cox
May 4, 2025 AT 17:34 PMNot bad, the site feels chill and the design is clean. It could use a bit more guidance for folks unfamiliar with hash‑locked contracts but overall it’s a decent experience.
Courtney Winq-Microblading
May 4, 2025 AT 17:47 PMImagine a world where your crypto moves like a silent whisper through a fog of encryption – that’s the allure of SideSwap’s Confidential Transactions. It’s not just tech; it’s an artistic statement about ownership and secrecy, inviting the poet‑trader to dance in the shadows of the blockchain.
Richard Herman
May 4, 2025 AT 18:00 PMSideSwap’s focus on Bitcoin‑based assets is a clear niche strategy. It provides a privacy‑first alternative for those who don’t need the massive token lists of Ethereum‑centric DEXes, and that specialization can be a strength rather than a weakness.
Parker Dixon
May 4, 2025 AT 18:10 PMTotally agree with the previous point. 🎯 The trade‑off between privacy and liquidity is real, but for anyone who values control over their keys, SideSwap is worth the sacrifice. Plus, the UI feels smooth and the fee structure is transparent – no hidden surprise costs.
Stefano Benny
May 4, 2025 AT 18:24 PMSure, SideSwap touts “confidential transactions,” but in the grand scheme it’s just a sandbox for a handful of tokens. The liquidity pool pales beside Uniswap’s billions, making slippage a nightly nightmare for larger trades. Talk about hype without substance.
Evie View
May 4, 2025 AT 18:37 PMWhat a joke! This platform pretends to be secure while forcing you into a black‑hole of limited assets. If you’re not a Blockstream fanboy, stay far away – you’ll end up wasting time and money on a gimmick.
Sidharth Praveen
May 4, 2025 AT 18:47 PMWhile it’s easy to dismiss it as a niche, the underlying technology of atomic swaps is a solid foundation for future cross‑chain expansion. With a bit more development, SideSwap could evolve beyond the Liquid realm and truly challenge the multichain giants.
Sophie Sturdevant
May 4, 2025 AT 19:00 PMSideSwap’s architecture is a robust example of a non‑custodial design that eliminates the classic exchange hack vector. By keeping funds in the user’s wallet and leveraging hash‑locked contracts, the platform sets a high bar for security standards in the DEX space.
emmanuel omari
May 4, 2025 AT 19:14 PMFrom a know‑it‑all perspective, anyone ignoring the regulatory implications is simply naive. Governments worldwide are tightening KYC/AML requirements, and platforms like SideSwap that dodge these obligations will inevitably face legal crackdowns. It’s not a question of if, but when the authorities will intervene.
katie littlewood
May 4, 2025 AT 19:27 PMReading through this review, it becomes evident that SideSwap occupies a unique niche in the ever‑expanding crypto exchange ecosystem, one that prioritizes privacy and self‑custody above the breadth of token offerings that dominate platforms such as Uniswap or PancakeSwap. The decision to build exclusively on the Liquid Network offers both advantages and constraints: on the one hand, users benefit from the faster settlement times and Confidential Transactions that obscure transaction amounts, effectively shielding them from prying eyes; on the other hand, the asset list is deliberately limited to Bitcoin‑centric tokens such as L‑BTC, L‑USDT, BMN, and tokenized securities like CMSTR, which excludes a vast swath of the broader DeFi market that relies on ERC‑20 and BEP‑20 tokens.
From a security standpoint, the non‑custodial nature of SideSwap eliminates the notorious exchange‑hack risk, because users retain their private keys throughout the swap process. This design choice aligns well with the principles of decentralization and personal sovereignty, appealing to privacy‑focused traders who are wary of centralized custodial solutions that routinely become targets for malicious actors. Moreover, the integration of atomic swaps underpins the trustless execution of trades, ensuring that either both sides of a transaction are fulfilled or none are, thereby mitigating counter‑party risk.
However, the platform’s limited liquidity, currently reported at approximately $45 million, pales in comparison to the multi‑billion dollar TVLs observed on mainstream DEXes. This disparity translates into higher slippage for larger orders and may deter institutional participants seeking deep order books. Additionally, the regulatory outlook remains ambiguous; the KYC‑free model, while attractive to privacy enthusiasts, could invite scrutiny under emerging global AML frameworks such as the EU’s MiCA regulation. Users operating in jurisdictions with stringent compliance requirements might find themselves compelled to seek alternative venues.
In summary, SideSwap shines brightest for a specific audience: Bitcoin purists, institutional investors interested in tokenized securities, and users who prioritize privacy above asset diversity. For those whose trading strategies require a wide array of tokens across multiple chains, platforms with broader support and deeper liquidity remain more appropriate. As the crypto landscape continues to evolve, SideSwap’s success will hinge on its ability to either expand its asset repertoire or double‑down on its privacy‑first proposition while navigating the increasingly complex regulatory terrain.
Jenae Lawler
May 4, 2025 AT 19:40 PMWhile the author extols the virtues of confidentiality, one must consider the practical implications of a platform constrained to a singular sidechain. The argument that privacy supersedes liquidity fails to acknowledge the fundamental economics of market depth, which remains indispensable for efficient price discovery. Consequently, the purported superiority appears more rhetorical than substantive.
Chad Fraser
May 4, 2025 AT 19:54 PMYo, if you’re looking for a place to keep your Bitcoin swaps private and under your own control, give SideSwap a try. It’s slick, no‑KYC, and the fees are tiny. Jump in and see how it feels – you might just love the freedom.