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 rules on disputes at its own discretion and releases the escrowed bitcoin to the winner; it can demand your ID as evidence. Without KYC you can trade only CHF1,000/day. It keeps data, including hashes of your device and bank details, for 10 years.
Ordinary use needs no identity check, but Swiss AML rules cap unregistered trading at CHF1,000/day and CHF100,000/year, after which you cannot trade unless you complete Peach's KYC process (ID documents plus a recorded interview). Separately, if you are in a dispute you are obliged to hand over proof that may include your ID. There is no automated deposit scanning or risk-score-triggered KYC described, so this sits above 'no mention' but below shotgun or mandatory KYC.
KYC is set off by two things: hitting the registration-free trading limit (CHF1,000/day, CHF1,000/month for peer-to-peer payment methods, CHF100,000/year), and opening or defending a dispute. To lift the limits you give identification documents and sit for a recorded interview, which Peach stores in an encrypted Proton Drive; in a dispute you must supply account statements, payment details and ID for the disputed trade. If you do not verify, you simply cannot make new trades past the limit, and if you do not answer a dispute request within 24 hours Peach may decide the dispute, and the escrowed bitcoin, in favour of the other party.
Warnings
A banner on both pages states that, for now, Peach has no control over the escrow and the seller fully controls the escrowed bitcoin. As a buyer you depend on the seller releasing the coins, with Peach only able to mediate.
Peach says it cannot honour deletion requests for most account information until ten years have passed, citing FINMA directives. Hashes of banned users' device IDs and payment details are kept permanently.
Opening or defending a dispute hands Peach the key to read the trade chat and payment details, which are then stored unencrypted on its server. You may also be required to produce bank statements and ID.
Once you pass CHF1,000 per day (or per month for peer-to-peer payment methods) or CHF100,000 per year, you cannot open new trades unless you complete Peach's KYC process with identity documents and a recorded interview.
Peach can deny any user access to the service for any reason. Using a payment account not in your own name triggers immediate suspension.
Residents of the US, China, Iran, North Korea and a long list of other states are barred, with blocking by IP address and app store region. EU/EEA access is allowed only on the user's own initiative and may be restricted at any time.
How the score was reached
Privacy48/100
Trust76/100
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.
Attributes14 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.
In a dispute, Peach can require you to hand over identity documents and bank statements for the disputed trade.
“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 can cut off any user's access for any reason it chooses, with the listed grounds being examples only.
“We may deny any user access to our services for any reason, including but not limited to:”
Terms, peachbitcoin.com
Soft KYCprivacy -3 · trust -1
No formal KYC, but personal information is needed for certain features or services.
There is no identity check for ordinary trading, but you must complete a KYC process with identification documents and a recorded interview if you want to trade above the registration-free limits.
“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
Data sharingprivacy -3
Personal data may be shared with authorities or third-party providers for compliance.
Peach passes user data to outside providers it uses for support, email and crash reporting, and processes personal data to meet legal or regulatory obligations.
“**Telegram** : We also provide support on Telegram, if you contact us by private message on this channel, your nickname and message content will be share with Telegram, unless you choose to contact us by "Secret chat".”
Privacy policy, peachbitcoin.com
Account requiredprivacy -1
An account has to be created to access and use the service.
You have to create a Peach account to use the marketplace, 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.
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 run through a multisignature bitcoin escrow that holds the seller's coins until the trade completes or a mediator decides.
“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 private people who trade bitcoin with each other; it does not buy or sell bitcoin itself.
“Peach is a non-custodial peer-to-peer marketplace (native mobile application) that facilitates the connection of two persons in order to purchase and sale bitcoin (BTC).”
Terms, peachbitcoin.com
Non-custodial protocoltrust +3
The protocol never takes custody of the user's funds during an exchange.
The escrow is a bitcoin script on-chain that Peach cannot unilaterally spend, and Peach holds no bank accounts with user money.
“Peach cannot access BTC held in escrow as per the code of the Bitcoin escrow script.”
Terms, peachbitcoin.com
Partially open source codetrust +2
Some components are open source; others remain proprietary.
Only some components, the app frontend and GroupHug, are published under an MIT licence; the rest is not stated to be open.
“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
A Peach mediator decides who wins a dispute and the escrowed bitcoin goes to that party within 30 days. The decision is final, with no appeal except for gross negligence or fraud.
“Peach will determine a winner of the dispute at its own discretion, based on the evidence provided by both parties. The escrow will be released to this party after at most 30 days.”
Terms, peachbitcoin.com
If you do not answer Peach's request for information within 24 hours, Peach may decide the dispute, and the bitcoin, in favour of the other party.
“Parties must respond to Peach' requests for information promptly, **at most within 24 hours**. If a party does not respond to a request within this timeframe, Peach may decide at any point to resolve the dispute in favor of the other party.”
Terms, peachbitcoin.com
To support a dispute claim you must hand over proof that can include bank statements, payment details and your ID.
“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. Any information which may be required for dispute resolution will be documented in the dispute.”
Privacy policy, peachbitcoin.com
You can trade without verifying your identity only up to CHF1,000 per day (CHF1,000 per month for peer-to-peer payment methods) and CHF100,000 per year. After that, new trades are blocked.
“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
Every payment method you use must be registered in your own name. If Peach detects 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
Raising a dispute gives Peach the key to read your trade chat and payment details, and the chat history is then stored unencrypted on Peach's server.
“The history of the chat will be made available for arbitration only and will be stored unencrypted on the Peach server.”
Terms, peachbitcoin.com
Peach refuses to delete most account data on request and keeps it for ten years under FINMA rules. 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 to enforce one account per device and to block banned users from returning.
“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
For "Instant trade" offers, the advertiser's payment data sits on Peach's database encrypted in a way Peach can decrypt whenever it wants.
“In case of an "Instant trade" offer, the advertiser's payment data are stored encrypted on the database but with Peach ability to decrypt them.”
Privacy policy, peachbitcoin.com
A site notice says the escrow system temporarily gives Peach no control and the seller fully controls the escrowed bitcoin, with only a limited set of sellers allowed to trade.
“Temporarily, Peach's escrow system doesn't have any control from Peach's part: the seller fully controls the escrowed BTC.”
Terms, peachbitcoin.com
Documents read
Community
Write a reviewCancel
No reviews yet. If you have used it, say what actually happened.
The average is weighted by each reviewer's standing: verified reviews and accounts with karma count more, new or untrusted accounts less. How karma works.