Wagyu review
Wagyu is a swap service centered around Monero, operated by Wagyu Services Ltd in the Marshall Islands. It allows you to swap to your own receiving address without needing an account. The service screens addresses and deposits before execution. Any blocked or sanctioned deposit is returned to its origin. According to Wagyu, assets are frozen or seized only under a court order or a similar legal directive. Route fees can vary, such as 2% from BTC to XMR and 0% from XMR to BTC. Territories under blanket sanctions are not supported. In our view, Wagyu suits Monero users who want swaps without sign-up.
ID only if flagged
Wagyu asks for ID only if a payment is flagged, per its own pages.
Choose Wagyu if
Who Wagyu suits, from the values on this page.
Wagyu suits you if
- You want no ID for normal use: Wagyu asks only if a payment is flagged.
- You want Monero: Wagyu lists it.
Wagyu might not be the right fit if
- You want a market that can never ask for ID: Wagyu can ask if a payment is flagged.
- You want Lightning: Wagyu does not support it.
Best for
Inside Wagyu
Screenshots taken November 3, 2026
- Platforms
- Swap widget on the website, Wagyu Wallet browser extension (self-custodial Monero wallet), integrator API
What you get with Wagyu
Yes, no or partly, from our dataPrivacy 1 of 6, 1 partly
- No IDPartlyIf a payment is flagged
- No accountYes
- Tor built inNot statedNot statedWagyu's own pages we checked do not say. This is not the same as no.
- Onion addressNoNone published
- I2P addressNoNone published
- Works without JavaScriptNot statedNot statedWagyu's own pages we checked do not say. This is not the same as no.
Coins 3 of 4
- BitcoinYes
- MoneroYes
- LightningNo
- ZcashYes
Custody and code 0 of 3, 1 partly
- You hold the keysNo
- Open sourceNot statedNot statedWagyu's own pages we checked do not say, checked Oct 14, 2026. This is not the same as no.
- Address screeningPartlyScreens addresses
When can Wagyu ask for your ID?
If a payment is flagged, per Wagyu's own pages. Labels come from each provider's terms, never from our guess.
- 1Never, by designNo company holds your order, so nobody can ask
- 2Only if you chooseID only for extras you opt into
- 3If a payment is flaggedWagyu is on this stepNo ID by default; checks when a risk system flags you
- 4Above a limitID once you pass a stated amount
- 5AlwaysID before you trade, deposit or withdraw
If a check comes and you do not pass it
Refund: blocked or failed deposits are returned to the originating address (or to a submitted refund address); freeze or seizure only on a valid court order or equivalent legal instrument
“Transactions will not be permitted to proceed and will be returned to the originating address. No Assets will be frozen or seized under this paragraph absent a court order as required by paragraph (a). [...] A formal court order or equivalent legal instrument is required before Wagyu will act to freeze or seize User Assets. This requirement applies without exception.”
What triggers a check: Address or transaction fails pre-execution screening; address associated with a Restricted Person or sanctions; address Wagyu determines may be associated with illegal activity (Blocked Address); Prohibited Transactions (e.g. darknet markets, unlicensed gambling, money laundering)
Not stated on Wagyu's pages: fee on refusal, refund policyWagyu's own pages we checked do not say. This is not the same as no.
- If a trade goes wrong
- No ticket needed for failed routes: the order switches to a refund state and asks for a refund address
Checked October 22, 2026
What Wagyu costs
| What | Wagyu |
|---|---|
| Trade fee | Route fee per quote, e.g. SOL to XMR 2%, BTC to XMR 2%, XMR to BTC 0%, plus trading, routing and rounding costs; deposit network fee separate; XMR1 bridge: deposit 0%, withdrawal 2% |
- Ways to pay
- Crypto for crypto only, no card purchases
- Trade limits
- Min default networks: SOL to XMR: $20; BTC to XMR: $40; XMR to BTC: $25; XMR bridge min: 0.01 XMR; max: no daily limit; very large orders are routed in slices
- Typical time
- Editorial estimates from deposit detection: USDC to XMR on Arbitrum about 1 minute, SOL to XMR about 2 minutes, BTC to XMR about 30 minutes; not measured medians
No-ID limits per trade
2 limits from Wagyu's pages| Where | Limit |
|---|---|
| Daily limit | None stated |
| Minimums | SOL to XMR $20, BTC to XMR $40, XMR to BTC $25 (default networks) |
Checked October 22, 2026
What Wagyu knows about you
Who sees what during a trade, and who runs it.
During a trade
No ID check does not make a bank payment private.
Network and who runs it
- Governance
- Wagyu Services Ltd, Marshall Islands (company); routing through a decentralized aggregator and Hyperliquid; the Monero side of the bridge is operated by Wagyu
- Requests from authorities
- No freeze or seizure on informal requests; only a binding court order, modelled on Circle's USDC standard
- Warrant canary
- Not published
Checked October 22, 2026
Track record and code
Incidents
Not statedWagyu's own pages we checked do not say. This is not the same as no.
- Audits
- Not published
- Bug bounty
- Not published
- Support
- Telegram support; e-mail [email protected] (compliance)
- Wallet needed
- Yes: your own receiving address; no account
Checked October 14, 2026
More facts we checked on Wagyu
- Log retention
- Order records needed to run and support swaps are kept by the Wagyu service, no period stated; wallet data stays in the browser
- Onion address
- Not published
- I2P address
- Not published
Wagyu in the US and elsewhere
In the US
US availability: Available
- VPN clause in terms
- Not published
If you are a US person, US sanctions rules apply to you whether or not a service asks for ID.
Outside the US
Where Wagyu does not serve
5 places in its terms- Restricted Persons on US State, Commerce or Treasury (OFAC SDN and others) or similar lists
Cuba
Iran
North Korea- Ukrainianregions of Crimea, Donetsk, Luhansk, Kherson and Zaporizhzhia
Regional rule: Not statedWagyu's own pages we checked do not say. This is not the same as no.
- Site blocks by region
- Available worldwide except territories under comprehensive sanctions listed in the compliance policy
Where you live and the provider's terms
Many services on this page do not serve every country. Some exclude people because of where they live or their citizenship, not only where they connect from. Read the provider's terms before you send funds. If the terms exclude you, do not use the service, and do not try to get around the restriction, for example with a VPN.
Taxes
A service that does not ask for ID does not change your taxes. In the US, the federal income tax return asks a yes-or-no question about digital assets, and you must report digital asset transactions whether or not they result in a gain or loss. In the UK, you may owe Capital Gains Tax when you sell, swap or spend crypto, and you must keep your own records. Rules in other countries differ.
No KYC is not anonymity
"No KYC" here means the provider says it does not ask for ID in the cases its terms describe. It does not make you anonymous. Wagyu's terms say it can ask for ID in these cases: Address or transaction fails pre-execution screening; address associated with a Restricted Person or sanctions; address Wagyu determines may be associated with illegal activity (Blocked Address); Prohibited Transactions (e.g. darknet markets, unlicensed gambling, money laundering). Regulated exchanges you send funds from or to may have to collect information about who sends and who receives a crypto transfer. Your tax duties stay the same.
Funds can be held
If a provider asks for more information during a swap or a withdrawal, it may hold your funds until it gets it. Its terms decide what happens next. In the UK, a crypto business that asks for information on a transfer to or from a self-custody wallet, and does not receive it, must not pass the funds on. Read what the provider's terms say before you send. Wagyu's terms say that if a check is requested and not completed: refund: blocked or failed deposits are returned to the originating address (or to a submitted refund address); freeze or seizure only on a valid court order or equivalent legal instrument.
Checked October 22, 2026
Instant swaps to compare with Wagyu
Other active services in this category from our list. The shield shows each one's ID rule from its own terms.
Wagyu side by side
From our privacy data, the same fields for every service| What | Wagyu | BitcoinVN | CCE Cash | ChangeHero | Changelly | EasyBit |
|---|---|---|---|---|---|---|
| ID rule | ID only if flagged | ID only if flagged | ID only if flagged | ID only if flagged | ID only if flagged | ID only if flagged |
| Account | None | None | None | None | Not stated | None |
| You hold the keys | No | Not stated | Not stated | No | No | No |
| Monero | Yes | Not stated | Not stated | Yes | Yes | No |
| Lightning | No | Not stated | Not stated | No | No | No |
| Open source | Not stated | Not stated | Not stated | Not stated | Not stated | Not stated |
Checked October 28, 2026
Short answers about Wagyu
From the data on this page.
Does Wagyu ask for ID?
Wagyu asks for ID only if a payment is flagged, per its own pages. There is no account.
How much can you trade on Wagyu without ID?
Daily limit: none stated; Minimums: SOL to XMR $20, BTC to XMR $40, XMR to BTC $25 (default networks).
Who holds your coins during a Wagyu trade?
Held during the swap. Transit: deposit to a one-time Wagyu deposit address, then routed via a decentralized bridge aggregator and Hyperliquid's orderbook; the Monero side of the bridge is operated by Wagyu.
Can you buy Monero on Wagyu?
Yes. Wagyu lists Monero.
What does Wagyu cost?
Trade fee: Route fee per quote, e.g. SOL to XMR 2%, BTC to XMR 2%, XMR to BTC 0%, plus trading, routing and rounding costs; deposit network fee separate; XMR1 bridge: deposit 0%, withdrawal 2%.
Who checked this page
Sources, how we read the terms and our process
Sources
- api-beta.wagyu.xyz/v2/swaps/assets, for Monero, Zcash and Lightning, checked October 22, 2026
- docs.wagyu.xyz/compliance-policy, for what triggers a check, what happens if a check fails, address screening, excluded countries, US availability, requests from authorities, warrant canary, audits, bug bounty, support and VPN clause in terms, checked October 22, 2026
- docs.wagyu.xyz/privacy-policy, for data collected, operator, platforms, governance and log retention, checked October 22, 2026
- wagyu.xyz, for ID rule, no-ID limit, custody, custody in detail, account, bitcoin, Zcash address type, onion address, I2P address, fees, if a trade goes wrong, ways to pay, trade limits, typical time, wallet needed and site blocks by region, checked October 22, 2026
- wagyu.xyz, for status, checked October 23, 2026
How we read the terms
We do not give privacy services a score. We record what each provider's own pages say: when it asks for ID, the limits, who holds your coins and what it costs. Labels come from each provider's terms, never from our guess. How we read the terms
Our process
We take fees, availability, licenses and coin counts from primary sources: Wagyu's own fee schedules, terms and help pages, and the public registers kept by regulators. Every value carries the date we last checked it. The values on this page were checked between October 22, 2026 and October 23, 2026.
Not legal or tax advice. This page explains how these services work and what their own terms say. It is general information, not legal, tax or financial advice. Rules differ by country and change often. Check the rules where you live, or ask a qualified professional, before you use any service listed here.