Chainflip

Chainflip is a cross-chain swap protocol, and the interface described here is an operator front end for exchanges on it. It is not an independent custodial exchange, and the interface states that it has no custody or control over the user's assets.

How it works

A user swaps one crypto asset for another across different blockchains without handing funds to a company account. Because the interface is non-custodial, the swap is executed by the protocol and not by a company holding balances. The product is also known as Chainflip Swaps.

Legal side

The entity named in the materials is Crosschain Association. The materials do not state licences or the regulatory treatment of the protocol or the interface.

Risk and responsibility

With non-custodial swaps, a user is responsible for the correct destination address, the network and the amount. Because the interface is separate from the protocol, terms, fees and limits depend on the protocol rules in force when the swap is made.

What to confirm

Supported assets and chains, fees, limits and any regional restrictions are not listed in the materials and should be checked in the interface before a transaction.

Who it suits

Users comfortable with on-chain tools who want to move between assets on different networks.