CONFIDENTIAL
PAYMENTS
Confidential mode breaks the direct, on-chain correlation between your deposit and your withdrawal. Both transactions stay fully visible on their own chains — what changes is whether an outside observer can straightforwardly match the two.
Zero Swapcoin commission on every confidential swap
For the rest of 2026, the Swapcoin commission on confidential swaps is 0%. A provider's confidential infrastructure fee is separate and may still apply depending on the route — it is always shown on the quote before you sign, together with network gas and any slippage.
- 0% Swapcoin commission — the usual 0.1% is not charged
- A provider's confidential infrastructure fee is separate and may still apply
- Network gas and slippage are unaffected — they come from the chain and the route, not from us
Standard swaps keep their normal 0.1% fee during the offer. Confidential swaps only. Partner, referral and VIP rewards default to off on this rail regardless of pricing.
Six things that make a confidential payment different
The same aggregator, the same routes, the same screening — with exactly one property changed. An observer reading public chain data alone can no longer straightforwardly match your deposit to your withdrawal.
Correlation
The two legs are not straightforward to match
A standard swap leaves a trail: anyone with a block explorer can follow your deposit into the withdrawal that fulfils it. Confidential mode routes the fulfilment through a private settlement layer instead, so both halves exist publicly but are not directly correlatable by an outside observer relying on public chain data alone. This reduces direct correlation — it is not an anonymity guarantee, and it does not erase either transaction.
Any pair, not one network
Confidentiality is a property of the route, not of the chain. Coverage follows the live confidential catalog — currently 8 networks — and spans different assets, not just one stablecoin moved sideways. NEAR Intents is one of the providers that executes confidential routes; see the confidential pair catalog for what is live right now.
Control
One switch, per request
Confidential mode is a single toggle, not a menu of tiers. Turning it on breaks the deposit-to-withdrawal link for that request; leaving it off keeps the swap exactly as a standard swap. The quote screen always shows whether confidential mode is on, and never downgrades quietly.
Still non-custodial, still you-sign
Keys never leave your device and Swapcoin never holds your funds. Confidential mode changes how the route executes, not who holds the value. You sign the deposit in your own wallet, and the withdrawal is fulfilled by the settlement layer rather than forwarded from your address.
Compliance
Screening still runs
Privacy is not a compliance exemption. Sanctions and PEP lists, known obfuscation contracts, high-risk and darknet exchange exposure, source-of-funds heuristics, velocity and route exposure are all checked automatically in the background. Swapcoin does not run routine KYC for a quote or a wallet-based request — but an underlying provider may still apply its own screening or documentation on specific routes.
No added penalty on escalation
The same ladder as every other request. A high-risk result stops settlement. Swapcoin does not add an additional refund penalty or commission on top of what is returned — the actual refund amount, and any network or provider costs already incurred, follow the quote, the provider and the route taken.
The withdrawal does not come from your address
In a standard swap the withdrawal is a continuation of your deposit, and can be followed straight to the recipient. In a confidential swap the fulfilment is executed from a private settlement layer that holds no public, per-user balance.
Your wallet
Signs the deposit. Public on the origin chain, as always — this transaction is yours and visible there.
Private settlement
Holds the value in transit with no public per-user balance. The correlation between the two legs is broken here.
Recipient
Receives from the settlement layer, not forwarded directly from you. There is no single on-chain transaction stating the relationship.
Both transactions are public. What is reduced is the direct, on-chain correlation between them — not an absolute guarantee that no correlation is possible through any means (timing, amount, or external data), and not anonymity in a broader sense. We treat this as a data-minimisation feature, not an anonymity product: address data is never sold, published or correlated for third parties, and routing a request through the confidential layer does not exempt it from screening. The risk disclosures on security & risk apply to confidential mode exactly as they do to every other swap.
Private in transit, not at the edges
Confidentiality applies to the correlation between the legs, not to the ledger. Your deposit is public because your own wallet broadcast it, and the withdrawal is public because its chain records it.
No per-user public position
Value holds in the settlement layer rather than in an address attributed to you, so there is no public balance for an observer to watch between the two legs of a request.
Tracked end to end
Every request moves through a public status timeline — quoting, processing, settled or under review — so you always know where it stands through request status.
What actually executes a confidential swap
Confidential routes on SWAPCOIN are executed by NEAR Intents. It is not a bridge and not a custodian — it solves the swap first, then decides where to settle. Four moving parts do the work.
1Click quote, two possible shapes
For a foreign-to-foreign swap the intent is quoted and then solved as a 1Click order. For an asset held on a foreign chain moving to or from NEAR, the confidential leg uses NEAR's request-driven Private Relay, which pairs the two sides off-chain and settles on-chain against a diff.
Confidentiality is a per-request switch
A confidential request carries a single confidential flag that breaks the deposit-to-withdrawal correlation for that request. It is off by default, and turning it on does not change who holds your funds or how screening runs.
Shield into NEAR, settle off the public book
Value moving into the NEAR side is shielded into the NEAR Treasury and represented 1:1 as an IMT token inside a FAR instance — a private NEAR fork where balances are not written to the public chain. That is where the public correlation between deposit and withdrawal is broken.
Diff, then unshield to the destination
The settlement legs are reconciled as a token_diff rather than a matched transfer, then unshielded out to the destination address. Request-driven and proof-of-authority bridged — so the visible chain sees a shield and an unshield, not a direct movement from your deposit to your recipient.
- Deposit on a foreign chain — the leg you sign is an ordinary public transaction on the origin chain. Only the settlement leg runs through the confidential layer.
- Nothing is bridged 1:1 through a public bridge — FAR and IMT are the internal representation, not a wrapped token you receive.
- Screening and the refund approach are unchanged — the engine decides how value moves, not whether the request is allowed to settle.
NEAR Intents documentation
The technical reference for confidential settlement: FAR, IMT, Private Relay and token_diff. docs.near-intents.org.
One switch, on or off per request
Confidential mode is not a menu of options to compare — it is a single toggle that breaks the deposit-to-withdrawal correlation for the request you turn it on for.
Opt-in, per request
Off by default. Every swap works exactly as it did until you switch confidential mode on for that specific request — nothing changes retroactively and nothing is applied without your action.
Shown on the quote, every time
When confidential mode is on, the quote screen says so before you sign, alongside the Swapcoin commission and any provider confidential infrastructure fee. There is no silent downgrade to a non-confidential route.
Confidential mode is a routing property, not a pricing tier — see what it hides and what it does not for the exact boundary.
What this reduces, and what it does not
A privacy feature that hid nothing else would be hiding almost nothing. Here is the honest boundary, stated plainly.
What confidential mode changes
The property you are buying when you switch it on — stated as a reduction in direct correlatability, not an absolute guarantee.
- The direct correlation between the two legs — the central claim. Public chain data alone is not sufficient to straightforwardly establish that your deposit funded that specific withdrawal.
- Any per-user public position in transit — value holds in the settlement layer, not in an address attributed to you, so there is less for an observer to watch between the legs.
- Which of several look-alike withdrawals is yours — your withdrawal is one of several from the same source, not a transparently distinguishable branch of your deposit.
- The counterparty relationship, on-chain — you are not directly exposed to whoever fulfils you, and they are not directly exposed to you.
What stays on the record, deliberately
Confidential mode is a routing property. It is not a chain-level anonymity tool and not an absolute unlinkability guarantee.
- Your deposit transaction — broadcast by your own wallet, from your address, on a public chain. Nothing unpublishes it, and confidential mode does not try to.
- The withdrawal transaction — public on the destination chain, sender included. What is reduced is how directly it can be tied back to you, not that it happened.
- Timing and size correlation — an observer with precise timing data may still notice a withdrawal that closely followed a deposit. This is why confidential mode is a reduction in correlatability, not a cryptographic unlinkability guarantee.
- Which chains and which assets you use — visible on both legs. And it remains a swap, so screening and the security & risk disclosures all still apply in full.
Confidential, standard, and stablecoin transfers
Three different properties, solving three different problems. Pick the one that matches what you are actually trying to reduce.
| Standard swap & bridge | Confidential swap & bridge | Stablecoin transfer | |
|---|---|---|---|
| Correlation between the two legs | Directly followable on public chain data | Not directly correlatable from public chain data alone | Not direct — both legs on one network, netted settlement |
| Networks | Cross-network, live catalog | Cross-network, live confidential catalog | Same-network settlement |
| Assets | Any supported token | Any supported token | USDT · USDC · DAI · USDE · FRAX · PYUSD |
| Custody | Non-custodial, you sign | Non-custodial, you sign | Non-custodial inbound, netted settlement outbound |
| KYC from Swapcoin | None routine | None routine | None routine |
| AML screening | Transaction-level, background | Transaction-level, background | Transaction-level, background |
| On escalation | No added refund penalty | No added refund penalty | No added refund penalty |
| Partner, referral & VIP rewards | Eligible | Default off | Eligible |
Confidential mode is the only one of the three where a swap is deliberately routed to reduce correlation — and the only one where the partner, referral and VIP programme defaults to off. If you are paying a counterparty in the same stablecoin on the same chain, use a stablecoin transfer: it settles natively and it keeps your rewards. If you are moving value across networks and want the two legs decorrelated, that is what confidential mode is for.
Partner, referral and VIP rewards default to off
This is the one thing about confidential mode that changes something you might otherwise rely on, so it is worth stating plainly rather than discovering later.
On confidential payments
A confidential request defaults out of the partner, referral and VIP programme at request time.
- No commission is paid — benefits are calculated against confirmed, eligible Swapcoin commission on a swap, and many confidential requests do not generate one at request time.
- No reward accrues — without confirmed eligible revenue, there is nothing for a VIP or referral benefit to be calculated against.
- This is a revenue-eligibility rule — it is not a claim that confidential swaps are unidentifiable, and it is not based on privacy forbidding attribution.
- Nothing is clawed back later — the rule is applied when the request is made, not reversed afterwards.
Everything else keeps working
Only the confidential path defaults off. The rest of the programme behaves exactly as it always has.
- Every standard swap still pays out — the partner programme is untouched on any request that is not confidential.
- Referral links keep earning — referred swaps that are not confidential accrue rewards normally.
- Stablecoin transfers keep earning — same-network settlement is not confidential mode, so rewards apply exactly as before.
- Payout mechanics are unchanged — nothing about how rewards are calculated or paid out has changed; only this path defaults off.
Why this is the honest answer
VIP and referral benefits are calculated against confirmed, eligible Swapcoin commission on a swap. On confidential requests — including every request currently covered by the 0% Swapcoin commission offer — there is no confirmed eligible revenue at request time for a benefit to be calculated against, so the default is off. That is a statement about revenue eligibility, not a claim that confidential swaps cannot be identified or that privacy forbids attribution. The voluntary partner account the programme uses is described in full in the privacy & security pages.
Frequently asked
Including the part nobody likes to hear: what confidential mode does not do.
What does confidential mode actually hide?
Is confidential mode a tier I have to choose?
Which networks and tokens can I use?
Is a confidential payment still non-custodial?
Does confidentiality exempt me from AML screening?
Do partner, referral or VIP rewards work on confidential payments?
How is a confidential payment different from a stablecoin transfer?
What if a confidential payment fails or gets flagged?
Is confidential mode opt-in, and what data do you store?
Is confidential mode really free right now?
What does the 0% offer not cover?
Move value
with less of a trail.
Confidential mode is off by default. Turn it on for a single request and keep everything else exactly as it is.