Privacy, by routing
On transparent chains, every transfer is public. When one venue handles both sides of a swap, it holds a single record linking your source and destination wallets. Tacet splits that record across independent liquidity venues and settles privately in between.
In one line: The first venue sees where funds come from. The second sees where they go. Neither sees both — and the settlement in between is private.
The route
- Your wallet
- Venue A
- Private settlement
- Venue B
- Your wallet
Venue A sees: your source wallet and deposit
Private: sender, receiver and amount hidden
Venue B sees: your destination and payout
You deposit to a one-time address at the first liquidity venue. It sees your source wallet.
Your funds are converted and moved through a privacy-preserving settlement layer that hides sender, receiver and amount, with 10 confirmations before they continue.
A second, independent venue receives the settlement at a fresh address, converts to your token and pays out. It never sees your source wallet.
Who sees what
| Party | Source wallet | Destination wallet | Amounts | Link between the two |
|---|---|---|---|---|
| Liquidity venue · leg 1 | Yes | No | Deposit side | No |
| Tacet | Yes | Yes | Both sides | Yes — we operate the route |
| Liquidity venue · leg 2 | No | Yes | Payout side | No |
| Public chain observer | Sees a deposit to a venue | Sees a payout from a venue | On transparent chains | Not directly — may infer from timing and amounts |
Compared with a standard swap
| Aspect | Standard swap | Tacet |
|---|---|---|
| Record linking both wallets | Held by the one venue | Not held by any venue; held by Tacet |
| On-chain path | Usually direct and traceable | Broken by private settlement |
| Cost | One spread and fee | Two legs of spreads and fees |
| Time | Minutes | About 1–2 hours with Express, longer otherwise |
Limits
- Deposits and payouts are public.
- Your deposit and your payout happen on transparent chains. Anyone can see that your source wallet sent funds to a venue and that your destination received from one.
- Timing and amounts can be correlated.
- If 0.01 BTC goes in and roughly 0.3 ETH comes out later, an analyst watching both chains may connect them — especially at low volume. Faster settlement shortens that gap. The random-delay route and amounts that don't stand out help.
- Venues run compliance checks.
- Liquidity venues screen funds with on-chain analytics. Funds flagged as risky can be delayed, questioned or frozen. That's outside our control.
- Tacet sees both ends.
- To process and refund orders, we store deposit, destination and refund addresses, amounts, transaction IDs and an operational log — deleted 30 days after completion. You need to trust the operator.
- Network metadata exists.
- This site, our hosting and the venues can see IP addresses and timing. Use a network you trust.
- Laws still apply.
- Privacy is not a way around tax or anti-money-laundering rules in your jurisdiction.
What privacy costs
- Two legs of spreads and trading fees instead of one.
- More time than a standard swap — about 1–2 hours with Express liquidity, several hours without it.
- More parties in the route means more points that can delay or hold funds. When that happens, we hold rather than guess.