Review of FuguSwap's non-custodial XMR swap service in 2026, covering dynamic fee display, order mechanics, jurisdiction blocks and what remains unverified about limits.
FuguSwap operates as a non-custodial instant swap service that lets users exchange cryptocurrencies including Monero without creating an account or completing KYC checks. The platform generates a one-time deposit address for each order; users send the input asset and specify a withdrawal address to receive the output. Funds never sit in user-controlled wallets on the service side beyond the brief window needed to complete the swap or issue a refund.
The Terms of Service were updated on 22 June 2026. The service screens orders automatically for restricted activity but performs no identity verification or document collection. A refund address is optional yet recommended to handle cases where an order is rejected. Blocked jurisdictions include the United States and various sanctioned regions, with additional restrictions on certain listed counterparties.
Because the service routes assets only to finish the exchange or return them, users retain control of private keys throughout. The platform supplies an API for order creation and status checks that supports XMR pairs alongside other assets.
FuguSwap executes XMR swaps through a straightforward non-custodial flow that requires no account creation. After selecting an input-output pair, the user supplies a withdrawal address for the destination asset. The platform then generates a one-time deposit address tied exclusively to that order.
Throughout the process FuguSwap only holds assets to facilitate the exchange or issue a refund and performs no identity checks or document collection. The entire sequence relies on the deposit address, withdrawal address, and optional refund address supplied at the start.
All fees on FuguSwap are shown only at order creation time. The platform publishes no static XMR fee percentages, fixed spreads, or baseline rates in its terms or documentation.
Instead, the service exposes a dynamic /api/price endpoint that returns live values including min_deposit, amount_to, and rate for both fixed and floating conversions. These figures adjust according to current liquidity and pair conditions, so each quote must be fetched fresh before funds are sent.
Because the endpoint supplies the only authoritative numbers, users and API integrators cannot rely on pre-published schedules when estimating costs for XMR swaps. The Terms of Service, updated 22 June 2026, explicitly tie the applicable fee to the quote displayed at order time.
This design means advance planning for larger trades requires repeated API calls or interface checks, and any rate or minimum shown on one visit may differ on the next. The API documentation at fuguswap.com/api-docs describes the available parameters but supplies no sample outputs or historical averages.
FuguSwap publishes no static minimum or maximum limits for any swap, including XMR pairs. Instead the service returns a dynamic min_deposit value through its API for each trading pair at the moment a quote is generated. Traders must query the endpoint or the order-creation interface to see the current floor for their chosen XMR route; that figure can change between sessions without notice.
The platform explicitly blocks users located in the United States and in various sanctioned jurisdictions. It also restricts certain listed counterparties from initiating or receiving funds. These blocks are enforced at the order-screening stage rather than through identity checks. Orders that match restricted patterns are paused or rejected automatically, and the service offers no appeal process or explanation beyond the initial flag.
Because the service remains non-custodial, the restrictions serve as the primary compliance layer. Monero users outside blocked regions can still start a swap without registration, yet they must confirm both the live min_deposit and their own eligibility before sending coins. Failure to do so risks an immediate refund minus any network fees already incurred. The Terms of Service, last updated 22 June 2026, codify these geographic and counterparty exclusions without providing numeric thresholds.
Only FuguSwap details are verified in primary sources as of 21 October 2026. No comparable data exists for other non-custodial XMR services within the provided research.
| Service | Custody model | KYC requirement | Fee transparency | XMR support | Jurisdiction restrictions |
|---|---|---|---|---|---|
| FuguSwap | Non-custodial; does not hold user funds beyond swap duration | No mandatory KYC or document uploads; automatic screening only | Fees displayed at order creation time | Supported, with API endpoints for rates and min_deposit | United States and sanctioned regions blocked; certain counterparties restricted |
Without verified facts on alternative platforms, further row entries cannot be completed accurately.
FuguSwap automatically screens every order. Flagged transactions may be paused or rejected without explanation or identity checks, as the service performs no compliance reviews or document uploads.
A refund address is optional but recommended. The platform states it does not hold user funds beyond the swap duration and will route assets only to complete the exchange or issue a refund when required.
The service explicitly blocks users from the United States and various sanctioned jurisdictions. Certain listed counterparties are also restricted regardless of location.
No account registration or mandatory KYC is needed. Users select a pair, send to the provided deposit address, and receive output at their chosen withdrawal address.
Yes. The partner API supplies endpoints for rates, order creation, status checks, and values such as min_deposit for both fixed and floating conversions.
Processing speed depends on network confirmations and order screening. The service is designed for instant swaps once the deposit is detected and not flagged.
