# PegasusSwap review: KYC policy, privacy and safety grades > PegasusSwap is a swap service. Its terms put it at KYC level 0 of 4: ID never required. NoKYC Score grades it 7.2/10 for privacy (strong) and 4.0/10 for safety (caution). In its favour: no account needed, no email needed and no phone number. To watch: it screens deposits, holds your funds while you use it and is closed source. No incidents are on record. Source: NoKYC Score, "PegasusSwap review", reviewed 22 Oct 2026, https://nokycscore.com/service/pegasusswap ## Key facts - **Category:** Instant Swaps - **KYC level:** 0 of 4: ID never required - **Grades:** Privacy 7.2/10, Safety 4.0/10 - **Sign-up:** No account needed - **Custody:** custodial - **Fees:** Service fee included in the quoted rate; FAQ says an additional commission may be charged when AML risk exceeds its norm - **Limits:** Minimum about $50 equivalent per swap (one FAQ answer says about $100); no maximum stated - **Incidents on record:** 0 - **Last reviewed:** 22 Oct 2026 - **Official website:** https://pegasusswap.com ## What it is PegasusSwap is an instant swap service for BTC, XMR, ETH, stablecoins and other assets, usable without an account. Its privacy policy says it does not collect, request or verify identity information under any circumstances, while its FAQ says an extra commission can be charged when a deposit's AML risk is above its norm. The FAQ calls the service non-custodial, but the terms describe a hybrid model in which assets may temporarily pass through infrastructure controlled by the platform or its liquidity partners; the FAQ says it uses its own liquidity and also that it picks rates among several liquidity providers. No company or jurisdiction is named, and the FAQ mentions a Tor mirror whose address was not found on the pages read during this review. ## What the terms say about ID Privacy policy: the service "does not collect, request, or verify identity-related information under any circumstances"; the FAQ adds that an extra fee may apply when AML risk is elevated. ## Features and warnings - **Identity:** ID never required: yes; No account needed: yes; No email needed: yes; No phone number: yes - **Payment:** Accepts Monero: yes; Accepts Lightning: not stated - **Access:** Tor onion address: not stated; Works without JavaScript: yes - **Trust:** Never holds your funds: no; Own liquidity: not stated; Refund without ID: not stated; Open source: no; Independent audit: not stated; Company named: no; 5+ years operating: not stated - **Warnings:** May ask for ID: not in terms; Screens deposits: yes; Passes orders to partners: not in terms; Holds your funds: yes; Email required: not in terms; Phone number required: not in terms; Closed source: yes; Nobody accountable: yes ## Questions ### Does PegasusSwap require KYC? PegasusSwap is rated KYC level 0 of 4 on this site: ID never required. Privacy policy: the service "does not collect, request, or verify identity-related information under any circumstances"; the FAQ adds that an extra fee may apply when AML risk is elevated. ### Is PegasusSwap safe to use? PegasusSwap has a Safety grade of 4.0 out of 10 and a Privacy grade of 7.2 out of 10. No incidents are on record. Evidence level: documentation reviewed. ### Is PegasusSwap legit? PegasusSwap is a working swap service. 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 4.0 out of 10, built from custody, liquidity, track record and incidents. ### Is PegasusSwap a scam? NoKYC Score does not label services as scams; it records documented incidents with their sources and outcomes. No incidents are on record for PegasusSwap. ### Do I need an account or email to use PegasusSwap? No account needed. ### What fees does PegasusSwap charge? Service fee included in the quoted rate; FAQ says an additional commission may be charged when AML risk exceeds its norm. Fees were recorded from PegasusSwap's own pages and can change; check before you send. ### What are PegasusSwap's limits? Minimum about $50 equivalent per swap (one FAQ answer says about $100); no maximum stated. ### Does PegasusSwap have a Tor onion address? No official onion address was found on PegasusSwap's own pages. ### Which cryptocurrencies does PegasusSwap support? PegasusSwap supports BTC, XMR, ETH, USDT, USDC, LTC, SOL, TRX. ### Is PegasusSwap custodial? Yes. PegasusSwap holds funds during a trade, which means it is able to delay or freeze them. ### Can I use PegasusSwap over Tor? PegasusSwap does not publish an official onion address. ## Sources - https://pegasusswap.com - https://pegasusswap.com/terms-of-use - https://pegasusswap.com/privacy-policy - https://pegasusswap.com/faq - https://pegasusswap.com/partners How grades are calculated: https://nokycscore.com/methodology