xmr.club
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/exchanges · verified 2026-07-29

PegasusSwap

B

Anonymous instant swap with broad coin coverage. Multi-month clean integration with kyc.rip as an engine. Note (2026-07-29): OrangeFren.com publicly grouped PegasusSwap in an operator-cluster with OctoSwap (scam-flagged); grade held on the strength of first-party integration evidence, but worth watching.

Incident timeline

  1. 2026-07-14 Filed after user report of wrong-memo RUNE deposit and operator's recovery-process response. Operator's stated process required a second matched-amount deposit + dual-transaction screenshots + 4-5 week window + 'processing fees for certain types.' Curator read: this is the frustrate-to-abandonment pattern common to shame-list-shaped operators; while a wrong-memo deposit is genuinely the user's mistake, the recovery process should be a manual reconciliation against on-chain proof, not a customer-borne re-deposit-and-photograph exercise.
  2. 2026-07-14 kyc.rip compensated the user for half of the loss from the swap-platform budget as an attitude signal — not a settled remedy, just marking that the process response was not acceptable. Curator (on behalf of xmr.club editorial) reached out to the operator with the framing: 'put yourself in the user's position; this reads as disguised fund-taking.' Requested a list of pair/memo-required chains where this failure mode can arise, so kyc.rip can disable those pairs at its routing layer for future customers.
  3. 2026-07-14 Operator responded that if the recovery-process framing is unacceptable, they will fully compensate the swap in question. Additionally offered to share the list of pairs where the wrong-memo failure mode is possible so kyc.rip can disable them at its routing layer proactively. Positive-response signal — the operator recognized the pattern and offered a systemic fix rather than a one-off apology. Follow-up: confirm full compensation lands + receive the pair list within 14 days. If both, incident closes with grade held at B and a routing-layer pair filter live on kyc.rip's side. If either doesn't land, grade re-evaluation goes on the docket.
  4. 2026-07-21 Operator delivered on the systemic-fix commitment from the 2026-07-14 incident open. Per user report, PegasusSwap has filtered out all pairs where the wrong-memo recovery-process failure mode can occur (memo-required chains like RUNE, XLM, EOS, XRP, ATOM, ALGO — anything where a missing memo means the deposit can't be automatically credited). That was exactly the systemic ask on the original curator pushback. Incident marked resolved. Grade held at B. No routing-layer pair filter on kyc.rip side needed — the operator handled it upstream.

At a glance

Grade
B ()
KYC posture
anonymous signup
Fees
~0.5-1% spread · floating + fixed
Rate integrity
99.9% of quoted delivered (large sample · 30d, measured by kyc.rip)
Last verified
2026-07-29
Operating since
2021 · 5y
Incident
⚠ Active since — /incidents
B Why grade B?

Solid pick. Verified working but with a meaningful caveat (UX rough, smaller market, intermediate trust step, partial coverage). Listed because the trade-off is sometimes worth it.

Full rubric + 7-step verification walkthrough at /methodology.

curator verdict · bottom line

Curator Verdict & OpSec Breakdown

THE BOTTOM LINE

PegasusSwap is a verified, functional crypto exchange that performs solidly for day-to-day use, provided readers account for its specific operational trade-offs.

✓

Proven Strengths

  • ▸ Anonymous account model: no real-name, phone, or government ID required to transact.
  • ▸ Established operational track record: serving users continuously since 2021 (5 years).
  • ▸ Community recourse guarantee: backed by OrangeFren's $0k user protection pool.
⚠

OpSec Trade-offs & Caveats

  • ▸ ACTIVE INCIDENT (undefined): A xmr.club user made a RUNE (THORChain-native, memo-required) deposit to PegasusSwap with an incorrect memo. The operator's default recovery process — before curator intervention — required the user to (a) send a second RUNE deposit from the same address with the correct memo, (b) provide payment-proof screenshots of both transactions displayed on the same page, (c) accept a 4-5 week processing window, and (d) pay a processing fee "for certain types of uncredited deposits." The user rejected the process; kyc.rip compensated half the loss to signal editorial position. On curator pushback ("put yourself in the user's position; this reads as disguised fund-taking"), the operator agreed to fully compensate this specific swap AND offered to publish a list of pairs where this failure mode is possible so kyc.rip can disable them at its routing layer. Grade held at B pending delivery of the pair list and evidence the process is patched rather than one-off-resolved. Follow-up window: 14 days.
  • ▸ Clearnet-only footprint: lacks an official .onion hidden service mirror; exposes visitor network IP unless routed through VPN/Tor.

Review

No-account swap service. Floating + fixed rate quotes, retail-volume no-KYC. Smaller liquidity than the top tier so spreads can vary on big trades.

Fees

~0.5-1% spread · floating + fixed

Live ops data

Typical XMR settlement
6.7m (median)
90th percentile
29m
Slow tail (>30m)
9.4%
XMR confs required
10 (~20m wait)
Routing volume
frequently routed

Computed from kyc.rip routing observations · 90d window · last updated 2026-09-28

Links

Audit trail — receipts for the editorial claim

  • ● UPSTREAM Up · HTTP 200 · 831ms · checked 2h ago
  • ○ ONION No .onion mirror listed
  • ✎ MANUAL Last manual verification 2026-07-29 (<90d)

Reviews — moderated · rules

  • anon ★★★★★ ✓ VERIFIED $2k-5k BTC→XMR 2026-09-28

    fast settlement — great!

  • anon ★★★★★ ✓ VERIFIED $100k+ XLM→XMR 2026-09-28

    fast settlement

  • anon ★★★★★ ✓ VERIFIED $500-2k XRP→XMR 2026-09-22

    fast settlement

  • anon ★★★★★ ✓ VERIFIED $<50 XRP→XMR 2026-09-22

    fast settlement

  • anon ★★★★★ ✓ VERIFIED $2k+ XMR→BTC 2026-09-16

    fast settlement

View all 16 reviews →

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