PegasusSwap vs LetsExchange

_ no-KYC exchange comparison · trust, privacy, custody

	PegasusSwap	LetsExchange
Trust score	A+	D
Privacy	95	42
Trust	94	60
Type	exchange	exchange
Verified	—	—
Reviews	0	0

→ PegasusSwap review → LetsExchange review → compare live rates

// pros & cons

PegasusSwap

✓ Guaranteed no-KYC
✓ No KYC after AML flag
✓ Refunds without KYC on AML flag
✓ No registration needed
✓ Tor / onion service
✗ Transaction monitoring

LetsExchange

✓ No registration needed
✓ No email required
✓ Tor / onion service
✓ Accepts Monero
✓ Public policies
✗ Transaction monitoring
✗ May freeze funds on AML
✗ KYC required for AML refund
✗ KYC depends on partner
✗ Shotgun KYC

// verdict

PegasusSwap vs LetsExchange: which aggregator fits your swap?

Both platforms operate as custodial aggregators with no mandatory KYC, offer hybrid rate models (fixed or floating), and handle refunds on a case-by-case basis. The practical differences come down to coverage, track record, and interface preference rather than custody model.

PegasusSwap has been running since 2020, advertises 1000+ assets, and positions itself around speed and simplicity. A reasonable pick if you want a lean swap flow for mainstream pairs.
LetsExchange launched in 2021 and emphasizes much broader coverage, claiming 5,980+ assets across 300+ networks with cross-chain bridging and 24/7 support. Better suited if you swap long-tail tokens or move between less common chains.

On custody risk both are equivalent: you trust the aggregator (and its upstream liquidity providers) during the swap window. Compliance teams on either side can freeze a transaction flagged by AML screening, and refunds usually require KYC on the originating funds.

Practical recommendation: for common BTC, ETH, SOL, or stablecoin pairs, quote both and pick the better live rate. For exotic tokens or unusual networks, LetsExchange typically has wider reach. Always test with a small amount first.

// FAQ

Is PegasusSwap or LetsExchange safer?

Risk is comparable: both are custodial aggregators that hold funds briefly during the swap and route through third-party liquidity. Neither is non-custodial. PegasusSwap has a slightly longer track record (2020 vs 2021), but neither publishes proof of reserves.

Which has better rates?

Rates depend entirely on the pair and the moment. Both use hybrid pricing (fixed or floating) sourced from multiple providers. Always request a live quote on both sides for your specific pair and amount before committing, since spreads vary by liquidity.

Do either require KYC?

Neither requires KYC for standard swaps. However, both reserve the right to request identity verification if a transaction is flagged by AML screening, typically when funds touch sanctioned addresses or mixers. Refunds in such cases are handled individually.

Which supports more coins?

LetsExchange advertises significantly broader coverage, around 5,980 assets across 300+ networks, including cross-chain bridges. PegasusSwap lists 1000+ assets. For long-tail tokens or unusual chains, LetsExchange is more likely to have the pair available.

// related