# OpenMonero review: KYC policy, privacy and safety grades

> OpenMonero is a P2P exchange. Its terms put it at KYC level 1 of 4: no ID mentioned. NoKYC Score grades it 6.6/10 for privacy (fair) and 2.0/10 for safety (poor). In its favour: no email needed, accepts Monero and accepts cash. To watch: it holds your funds while you use it and has no publicly accountable operator. 2 incidents are on record, the latest from 24 Jul 2026.

Source: NoKYC Score, "OpenMonero review", reviewed 22 Oct 2026, https://nokycscore.com/service/openmonero

## Key facts
- **Category:** P2P Exchanges
- **KYC level:** 1 of 4: No ID mentioned
- **Grades:** Privacy 6.6/10, Safety 2.0/10
- **Sign-up:** Email optional
- **Custody:** custodial
- **Incidents on record:** 2
- **Last reviewed:** 22 Oct 2026
- **Official website:** https://openmonero.com

## What it is
OpenMonero presents itself as a LocalMonero alternative for buying and selling Monero peer to peer. According to that record the operator attributes about 399 XMR of losses to a single long-standing bug, and claims that affected users were refunded could not be verified. Because funds in escrow have been drained more than once, the platform is treated here as holding user funds during trades.

## What the terms say about ID
The site promotes anonymous trading and mentions no identity verification; no terms were available to review.

## Features and warnings
- **Identity:** ID never required: not stated; No account needed: not stated; No email needed: yes; No phone number: not stated
- **Payment:** Accepts Monero: yes; Accepts Lightning: not stated; Accepts cash: yes
- **Access:** Tor onion address: not stated; Works without JavaScript: not stated
- **Trust:** Never holds your funds: no; Refund without ID: not stated; Escrow it cannot spend alone: not stated; Open source: not stated; Independent audit: not stated; Company named: no; 5+ years operating: not stated
- **Warnings:** May ask for ID: not in terms; Screens deposits: not in terms; Holds your funds: yes; Email required: not in terms; Phone number required: not in terms; Closed source: not in terms; Nobody accountable: yes

## Incidents on record
- 24 Jul 2026: Reported drain of 112 XMR in July 2026 (outcome: unresolved). Source: https://kycnot.me/service/openmonero
- 8 Jun 2025: Reported loss of about 87 XMR, the first of four recorded incidents (outcome: unknown). Source: https://kycnot.me/service/openmonero

## Questions
### Does OpenMonero require KYC?
OpenMonero is rated KYC level 1 of 4 on this site: no ID mentioned. The site promotes anonymous trading and mentions no identity verification; no terms were available to review.

### Is OpenMonero safe to use?
OpenMonero has a Safety grade of 2.0 out of 10 and a Privacy grade of 6.6 out of 10. There are 2 incidents on record, listed with sources on this page. Evidence level: documentation reviewed.

### Is OpenMonero legit?
OpenMonero is a working P2P exchange. Its operators do not publish a company or names, so nobody is publicly accountable for it. Being real is not the same as being safe: its Safety grade here is 2.0 out of 10, built from custody, liquidity, track record and incidents.

### Is OpenMonero a scam?
NoKYC Score does not label services as scams; it records documented incidents with their sources and outcomes. OpenMonero has 2 incidents on record, 2 not resolved, the latest: "Reported drain of 112 XMR in July 2026". Each is listed on this page with its source.

### Do I need an account or email to use OpenMonero?
Email optional.

### Does OpenMonero have a Tor onion address?
No official onion address was found on OpenMonero's own pages.

### Which cryptocurrencies does OpenMonero support?
OpenMonero supports XMR, and fiat payments in USD, EUR.

### Is OpenMonero custodial?
Yes. OpenMonero holds funds during a trade, which means it is able to delay or freeze them.

### Can I use OpenMonero over Tor?
OpenMonero does not publish an official onion address.

## Sources
- https://openmonero.com
- https://kycnot.me/service/openmonero

How grades are calculated: https://nokycscore.com/methodology