Peach Bitcoin
grade C
Peach is a mobile application that connects Bitcoin Buyers & Sellers together. Buy or sell bitcoin peer-to-peer, anywhere, at anytime.
grade C
What the documents mean for you
Peach can deny you access for any reason and stops new trades once you pass the no-KYC limits. Raising a dispute hands Peach your chat, payment details and ID. It keeps hashed device and payment data for 10 years; banned users' hashes are never deleted.
Basic trading works without identity checks ("No KYC where permitted by local law"), but Peach runs a formal KYC process that you must complete to lift the registration-free trading limits, and in a dispute it can oblige you to hand over ID and account statements. There is no routine identity check at sign-up and no automated transaction scoring that triggers one, so this sits at rare, situation-driven KYC.
KYC comes up in two situations: when you want to trade above the registration-free limits of CHF 1,000 per day (CHF 1,000 per month for peer-to-peer payment methods) and CHF 100,000 per year, and when a dispute mediator asks you for proof. For the volume KYC you give identification documents and a recorded interview, which Peach stores in an encrypted Proton Drive; in a dispute you may be obliged to supply account statements, payment details and ID. If you do not verify, you keep your funds but cannot make any new trades once you hit the limit.
Warnings
Peach states that its escrow currently gives it no control at all and the seller fully controls the bitcoin in escrow. If the seller behaves badly, your only route is Peach's dispute mediation, whose decision is final.
You can trade without identifying yourself only up to CHF 1,000 per day (CHF 1,000 per month for peer-to-peer payment methods) and CHF 100,000 per year. Going beyond that requires Peach's KYC process, including ID documents and a recorded interview.
Peach says it cannot delete most of your account information on request and removes it only 10 years after the request, citing FINMA rules. Hashes of device and payment data belonging to banned users are kept indefinitely.
Peach blocks IPs and app store availability for the US, China, Iran, North Korea and a list of other countries, plus UN/OFAC/EU-sanctioned territories. It does not market in the EU/EEA and may restrict EU/EEA access at any time.
How the score was reached
Privacy51/100
Trust77/100
Overall = (privacy × 0.6 + trust × 0.4) / 10, rounded = 6/10, grade C. Each attribute above rests on a clause quoted below or was assigned by a moderator; the rest is what the listing knows.
Attributes13 moved the score
May require KYC/SOF by policy/lawprivacy -6 · trust -4
The service may require identity verification, KYC or Source of Funds information, by its own policy or by law, at any time.
Peach runs a KYC process to lift trading limits and can oblige you to produce ID during a dispute.
“You will also be obliged to provide us with any proof to support your dispute claim such as account statements, payment details, ID etc. relative to the disputed trade.”
Privacy policy, peachbitcoin.com
Service termination policytrust -4
The provider can terminate access at any time, without notice, at its discretion.
Peach reserves the right to cut off access to any user for any reason it chooses.
“We may deny any user access to our services for any reason, including but not limited to:”
Terms, peachbitcoin.com
Data sharingprivacy -3
Personal data may be shared with authorities or third-party providers for compliance.
Account requiredprivacy -1
An account has to be created to access and use the service.
Use of the marketplace requires creating a Peach account, and only one account per device is allowed.
“This page sets out the service terms for Peach accountholders. By creating a Peach account, you accept all of these terms and conditions.”
Terms, peachbitcoin.com
Identity-free registrationprivacy +10
Users can create accounts without giving personal information such as a full name, address or phone number.
Verifiedtrust +10
Passed repeated checks over time and showed consistent behavior.
Non-custodial walletprivacy +3 · trust +5
The user holds and manages the private keys; the service never has custody of the funds.
The keypair is generated on your device and Peach states it has no copy of the private key and cannot touch escrowed coins.
“When you create an account, a private and public keypair is created on your device which is unique to you. You hold the private key – we do not have a copy.”
Terms, peachbitcoin.com
Peer to peer networkprivacy +2 · trust +5
A decentralised network in which individual computers connect directly rather than through the operator.
Escrow availabletrust +6
A trusted third party holds funds during a peer-to-peer transaction until both sides have delivered.
Trades are secured by a multisignature escrow script that holds the seller's bitcoin until release.
“the infrastructure for a safe trade with a 2-out-of-2 multi signature escrow solution between Peach and the Seller”
Terms, peachbitcoin.com
Peer to peer markettrust +4
A marketplace where unknown people trade directly with one another rather than with the operator.
Peach matches two users who trade bitcoin with each other; Peach never buys or sells itself.
“Peach only facilitates a marketplace for people to exchange bitcoin between themselves. Peach is not a bitcoin exchange, and **does not purchase bitcoin from or sell bitcoin to its users**.”
Terms, peachbitcoin.com
Non-custodial protocoltrust +3
The protocol never takes custody of the user's funds during an exchange.
Partially open source codetrust +2
Some components are open source; others remain proprietary.
Only parts of the codebase, named as the app frontend and GroupHug, are published under an open licence.
“Some parts of our code are Open Source under the MIT licenses. They include the Peach App frontend (MIT-CC) and GroupHug.”
Privacy policy, peachbitcoin.com
No JavaScript neededprivacy +1
The service does not require JavaScript to be enabled.
What costs you most first. Tap one to read the clause it rests on, or what the listing knows, priced as kycnot.me prices it.
What the documents say
Without identity verification you may trade only up to CHF 1,000 per day (CHF 1,000 per month for peer-to-peer payment methods) and CHF 100,000 per year. After that, new trades stop.
“In accordance with Swiss law, trades without registration are regulated to a limit of CHF1000/day (or CHF1000/month for peer-to-peer payment methods) and CHF100'000/year. Once this limit has been reached, you will not be able to make any new trades.”
Terms, peachbitcoin.com
To lift those limits you must pass Peach's KYC process. Peach keeps your identity documents and a recording of your interview in an encrypted Proton Drive.
“If you choose to remove the registration-free limits to increase your selling capacity by completing our KYC process, we store the information you provide (such as your identification documents and the recording of your interview) in an encrypted Proton Drive.”
Privacy policy, peachbitcoin.com
If either side raises a dispute, Peach decrypts and reads your chat and payment details, and can require you to supply account statements and ID.
“By using the Peach application, you agree that, in case a dispute is raised, Peach gains access to your conversation and all other information required, including the payment details for the disputed contract by Peach to resolve the dispute.”
Terms, peachbitcoin.com
Under the current temporary setup, Peach has no control over the escrowed bitcoin; the seller controls it fully. Peach only mediates if a dispute arises.
“Temporarily, Peach's escrow system doesn't have any control from Peach's part: the seller fully controls the escrowed BTC.”
Terms, peachbitcoin.com
Peach says legal obligations stop it deleting most account data on request; it deletes it 10 years after your request. Hashes of banned users are never deleted.
“In particular, plain text information included in disputes, as well as device and payment detail hashes, are deleted 10 years after the user’s request, except for banned users whose hashes will not be deleted.”
Privacy policy, peachbitcoin.com
Peach stores a hash of your device ID and of your payment data, and uses it to stop you opening a second or replacement account.
“In order to ensure that a user can only create one Peach account from his mobile device, **Peach keeps a _hash_ of the user's unique device ID**, among other measures.”
Terms, peachbitcoin.com
All payment accounts must be in your own name. If Peach detects you using a third-party payment account, it suspends your account immediately.
“You are using payment accounts or methods that are not registered in your own name; detection of third-party payment usage will result in immediate account suspension”
Terms, peachbitcoin.com
Peach uses your IP address, together with Cloudflare, to check whether you are in a forbidden country or a potential spammer. It says it keeps IP information for at most one hour.
“Peach simply uses your IP address to, alongside Cloudflare: * check if you are on a legally forbidden country * check if you are a potential spammer Peach only stores information regarding your IP temporarily (for a maximum period of 1 hour)”
Privacy policy, peachbitcoin.com
Peach can delete your offers at its own discretion, for example when they look unlawful, non-genuine or fraudulent.
“**Peach reserves the right to delete offers at its discretion.** Generally, it will delete offers if they appear to be unlawful, non-genuine, fraudulent, or are otherwise incorrect.”
Terms, peachbitcoin.com
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