Majestic Bank promised privacy without registration. Then the admin stopped logging in.

How it works

Majestic Bank is a custodial swap broker. A user picks a pair from the menu — most often BTC↔XMR, with XMR↔LTC, BTC↔LN, BTC↔BCH, BTC↔WOW and BTC↔FIRO also available — funds the deposit address, and waits for the operator to send the destination coin from its own liquidity pool. There is no account, no email, no order book: just a quote, a deposit, a payout. The site advertises an average fee around 0.5% and exposes a clearnet front (.sc, .so, .is, .at, .ru rotation) plus a v3 onion at majestictfvnfjgo5hqvmuzynak4kjl5tjs3j5zdabawe6n2aaebldad.onion. The pricing page recomputes a quote every minute and locks it once a deposit confirms.

KYC & privacy

The terms are unambiguous: no registration, no document upload, no AML on-ramp. The operator says it deletes swap data on a fourteen-day rolling window, and on demand earlier. There is no email field anywhere in the swap form, which removes one of the most common ways a custodial broker eventually identifies its users. The privacy posture is real — but it is not a custody guarantee. While funds sit on the operator's hot wallets, the user is trusting an anonymous Telegram handle and a Dread account, not a multisig contract or a published audit. The .sc domain currently fails TLS with a self-signed certificate, which is not the posture of a service in good operational health.

Strengths and limits

The strengths are the obvious ones for a no-KYC desk: zero data collected, a Tor mirror that has survived multiple clearnet takedown rounds, swap pairs that include privacy coins competitors will not touch, and a footprint that includes paid sponsorship of Monero development and Haveno. The limits are heavier. The codebase is closed; there are no published audits; support is reachable only through Telegram and Dread, both of which have a history of going silent for days. In August 2022, Dread administrator Paris issued an "urgent exit scam warning" after the operator's account was wiped overnight. The desk eventually returned and refunded most users, and kycnot.me delisted and then relisted the service across 2023. As of this dispatch, kycnot.me has it marked SCAM again — admin offline four days, many refunds pending, the .sc front returning 503.

Verdict

Majestic Bank is the canonical case for why custody and privacy are not the same review axis. The privacy story is intact; the trust story has come apart twice in four years and is currently apart again. Treat any deposit as funds you may have to chase, and do not send anything you cannot afford to wait indefinitely for. Grade: D (4.6/10). Trust: SCAM.