# Wagyu review: KYC policy, privacy and safety grades

> Wagyu is a swap service. Its terms put it at KYC level 2 of 4: ID in rare cases. NoKYC Score grades it 5.4/10 for privacy (caution) and 3.7/10 for safety (poor). In its favour: no account needed, no email needed and no phone number. To watch: it screens deposits, passes orders to partner exchanges and holds your funds while you use it. No incidents are on record.

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

## Key facts
- **Category:** Instant Swaps
- **KYC level:** 2 of 4: ID in rare cases
- **Grades:** Privacy 5.4/10, Safety 3.7/10
- **Sign-up:** No account needed
- **Custody:** custodial
- **Fees:** Example route fees when checked: SOL to XMR 2%, BTC to XMR 2%, XMR to BTC 0%; XMR bridge withdrawal 2%
- **Limits:** No daily limit stated; route minimums around $20 to $40 when checked
- **Incidents on record:** 0
- **Last reviewed:** 22 Oct 2026
- **Official website:** https://wagyu.xyz

## What it is
Wagyu is an instant swap service centred on Monero and Zcash: the user sends a supported asset to a one-time deposit address and receives the output at their own address, with no account. It routes cross-chain legs through a bridge aggregator and executes XMR trades on Hyperliquid's order book, and it operates the Monero side of its own XMR bridge. Its compliance policy says addresses and transactions are screened before execution, that blocked transactions are returned to the originating address, and that assets are frozen only on a court order or equivalent legal instrument. The policy contains no identity-document clause, though the site says a refund can require a refund address and further checks. No legal entity or jurisdiction is named.

## What the terms say about ID
Compliance policy: no identity-document requirement appears; flagged transactions 'will be returned to the originating address' and freezing requires 'a formal court order or equivalent legal instrument'.

## Features and warnings
- **Identity:** ID never required: no; 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: not stated
- **Trust:** Never holds your funds: no; Own liquidity: no; Refund without ID: 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: yes; Passes orders to partners: yes; Holds your funds: yes; Email required: not in terms; Phone number required: not in terms; Closed source: not in terms; Nobody accountable: yes

## Questions
### Does Wagyu require KYC?
Wagyu is rated KYC level 2 of 4 on this site: ID in rare cases. Compliance policy: no identity-document requirement appears; flagged transactions 'will be returned to the originating address' and freezing requires 'a formal court order or equivalent legal instrument'.

### Is Wagyu safe to use?
Wagyu has a Safety grade of 3.7 out of 10 and a Privacy grade of 5.4 out of 10. No incidents are on record. Evidence level: documentation reviewed.

### Is Wagyu legit?
Wagyu 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 3.7 out of 10, built from custody, liquidity, track record and incidents.

### Is Wagyu 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 Wagyu.

### Do I need an account or email to use Wagyu?
No account needed.

### What fees does Wagyu charge?
Example route fees when checked: SOL to XMR 2%, BTC to XMR 2%, XMR to BTC 0%; XMR bridge withdrawal 2%. Fees were recorded from Wagyu's own pages and can change; check before you send.

### What are Wagyu's limits?
No daily limit stated; route minimums around $20 to $40 when checked.

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

### Which cryptocurrencies does Wagyu support?
Wagyu supports XMR, ZEC, BTC, ETH, SOL, USDT, USDC.

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

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

## Sources
- https://wagyu.xyz
- https://docs.wagyu.xyz/compliance-policy
- https://docs.wagyu.xyz

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