1. What is PegasusSwap
PegasusSwap is an account-free cryptocurrency swap service built for privacy and simplicity. You request a time-limited quote, send a deposit to a one-time address, and receive the payout on the target chain after the required confirmations. A no-JavaScript flow is available for hardened browsers.
PegasusSwap does not hold balances for you. Funds are either in your wallet, awaiting confirmations, or already paid to your destination.
2. How a swap works
A swap follows a simple arc. You choose the pair and amount, the service returns a quote with limits, fees, and an expiry. You supply a destination address (and optionally a refund address). You then fund the deposit address from your wallet. Once the deposit confirms, the service broadcasts the payout on the other chain. If the deposit arrives late, below the minimum, or on the wrong network, the order may be delayed or refunded per policy.
3. What you need
Bring a reliable wallet for the asset you’re sending, a valid destination address for the asset you’re receiving, and enough network fee on the sending chain to confirm in a reasonable time. Privacy-minded users typically access the site over Tor or a reputable VPN and avoid reusing receive addresses.
4. Web swap flow
- Open the site over clearnet or Tor.
- Select the asset you’re sending and the one you want to receive, then enter the amount.
- Review the quote: rate, service fee, min/max, quote expiry, and required confirmations.
- Paste your destination address and, if offered, a refund address.
- Confirm to receive a unique deposit address and an order reference.
- Send your deposit with a sensible network fee from your wallet.
- Keep the order reference and your TXID until completion.
- After the required confirmations, the payout is sent to your destination.
5. No-JavaScript mode
If you browse with scripts disabled, you can still complete a swap. Expect fewer dynamic elements and more manual copying (deposit address, destination address, order reference). Save the status URL if one is provided so you can check progress without scripts.
6. Fees, limits, and timing
Quotes are time-boxed to protect both sides from sudden price moves. Send while the quote is valid to avoid re-pricing. Total cost usually consists of a small service fee plus on-chain network fees. Your wallet pays the fee for the deposit; the service pays the fee for the payout. Minimum and maximum sizes and confirmation thresholds vary by asset and liquidity and are shown on the quote screen.
7. Privacy and trust model
There are no accounts or emails. Each order uses a one-time deposit address, and you control the payout address. For stronger privacy, connect over Tor, use fresh addresses, and avoid funding multiple orders from a single transaction. The service inevitably sees your deposit and payout addresses and, if you aren’t on Tor, some network metadata—plan accordingly.
8. Safety checks before you send
- Verify the domain carefully.
- Confirm the correct network (e.g., BTC mainnet vs. Lightning vs. Liquid; the right chain for EVM addresses).
- Validate address format and checksum in your wallet.
- Make sure your amount meets the visible minimum and the quote hasn’t expired.
9. Troubleshooting
| Symptom | Likely cause | What to do |
|---|---|---|
| Status stuck at “waiting for deposit” | Low fee or mempool backlog | For Bitcoin, use RBF to bump the fee; otherwise wait for confirmations. |
| “Under minimum amount” | Sent below quoted minimum | Follow the refund flow if offered; otherwise contact support with order ID. |
| “Wrong network” | Deposit sent on a different chain | May require manual handling or refund; match networks carefully next time. |
| Payout delayed after confirms | Higher confirmation threshold for the pair | Check the status page and confirm required confirmations were met exactly. |
| Quote expired | Deposit sent after TTL | Expect re-pricing or refund; send within the quote window next time. |
10. Tips for smooth swaps
- On Bitcoin, enable RBF so you can bump fees if the mempool fills up.
- On Monero, prefer fresh subaddresses for cleaner on-chain hygiene.
- For larger amounts, consider splitting into smaller tranches to reduce timing risk.
- Swap during calmer mempool periods to save on fees.
11. Glossary
Quote TTL — The period during which your quoted rate remains valid.
Confirmations — Blocks added after your deposit; required before payout.
Refund address — Where funds go if the swap can’t complete under policy.
RBF (Replace-By-Fee) — A Bitcoin feature that lets you raise a transaction fee after broadcast.
12. Quick-start checklist
- Choose pair and amount, then fetch a quote.
- Review fee, min/max, confirmations, and expiry.
- Paste destination (and optionally refund) address.
- Send deposit with an adequate fee and save the order reference and TXID.
- Wait for confirmations and receive the payout.
13. Next steps
Run a small test swap to verify timing and your wallet settings. Once comfortable, scale up as needed, keep using fresh addresses, and prefer Tor for a tighter privacy posture.