PEACH BITCOIN REVIEW

Peach Bitcoin: Buy and Sell BTC without KYC 🍑

July 20, 2023

In the ever-changing world of cryptocurrencies, there are many exchanges that allow users to buy and sell bitcoin. However, most of these platforms require user identity verification, also known as KYC (Know Your Customer) procedure. It's there that Peach Bitcoin stands. You do not need to send your identity documents to use the application.

Peach Bitcoin is a non-KYC exchange based in Europe offering an interesting approach to bitcoin transactions. In this article, we will take an in-depth look at how to use Peach Bitcoin, evaluating its features, user experience, security, and reputation.

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Overview of Peach Bitcoin 

Peach bitcoin review

Peach Bitcoin is an application that allows speer-to-peer (P2P) exchanges without KYC. This means that users can buy and sell bitcoins, without providing any personally identifying information.

The Beach company is a Swiss company which is enjoying growing success and reaching an ever-growing audience in Europe. This is because of the user-friendliness of the app which supports a variety of payment methods, including cash, bank transfers and credit cards.

The app also offers many features that make it easier to buy and sell bitcoins by staying anonymous. This includes an intuitive user interface, a built-in escrow service, and a 24/24 customer support team.

How to use Peach to buy and sell bitcoin?

The steps are very simple to register on the Peach app. You can add our sponsor code: PR1AA6.

1/ You must download the app which is available on Android and in beta version (for the moment) on iOS.

2/ Now you need to create your account. You will have a list of 12 words called the “seed phrase” that you must save carefully. It is with this sentence that you will be able to recover your account if you change your phone or if you install the application again. If you are not offered the list upon registration, you can find it by clicking on “portfolio” in the main menu.

3/ Now it's up to you to choose whether you want to buy or sell bitcoin. The process is similar for both ways.

  • If you want to sell, you must enter the amount you want to sell and the price you set (more or less than the market price). Next, you will need to choose which payment method you want to be paid. Finally, you will be asked to send the bitcoins in question to a bitcoin address that constitutes Peach's vault. Once you find a seller, you receive your payment on the method you selected.
  • If you want to buy, you must enter the amount of bitcoin you want to buy and choose your payment method. Then, depending on the offers presented, you will be able to buy your bitcoin and receive it on the wallet of your choice.

You should know that depending on requests and offers, your transaction will not be immediate. The seller or buyer has a certain amount of time (generally 12 hours) to make the payment, in which case the transaction is canceled.

Note: It is preferable to have a bitcoin wallet beforehand to be able to send or receive your bitcoins. You have a wide opportunity of choice such as BlueWallet, Muun, Phoenix or even Trust wallet for example.

🍑 The main features of Peach Bitcoin

Peach Bitcoin has a number of interesting features.

👉 Non-KYC : Peach Bitcoin does not ask users to provide personally identifiable information. This makes it a good option for users who want to maintain their privacy.

👉 Variety of payment methods : Peach Bitcoin supports a variety of payment methods. This feature makes it easy to find a method that suits you. There are a multitude of possibilities including bank transfers, PayPal, Wise, Advcash, Neteller, Skrill, etc.

payment-on-peach

👉 Intuitive user interface : Peach Bitcoin's user interface is easy to use and navigate. It makes it easier for users who do not know Bitcoin and who want to obtain it according to the rules of the art.

👉 Integrated Escrow Service : Peach Bitcoin has a built-in escrow service that protects buyers and sellers from fraud.

👉 24/7 customer support : Peach Bitcoin offers 24/24 customer support. Thanks to the dynamism of this service, you can get help in case of any problem.

Overall, Peach Bitcoin is a great option for users who want to buy and sell bitcoins anonymously. The great advantage of the site being, in fact, being able to register without having to provide personal identification information.

What are the different services offered by Peach Bitcoin?

Peach Bitcoin offers a variety of services to its users.

👉 Buying and selling bitcoins : Peach Bitcoin allows users to buy and sell bitcoins using a variety of payment methods. They can pay with cash, bank transfers and credit cards.

👉 P2P exchange : Peach Bitcoin also offers a peer-to-peer (P2P) exchange platform. There, users can buy and sell bitcoins directly with each other.

👉 Escrow Service : Peach Bitcoin has a built-in escrow service that protects buyers and sellers from fraud.

In addition to these services, Peach Bitcoin also offers a number of features. These make it a good option for users who want to maintain their privacy. The two main ones are as follows.

Tor Support : Peach Bitcoin is accessible via the Tor network, which provides additional privacy protection.

cold storage : Peach Bitcoin stores the majority of its bitcoins in cold storage, making them less vulnerable to hacking attacks.

The Pros and Cons of Peach Bitcoin

Peach Bitcoin has a user-friendly interface that is easy to use and navigate. The platform's home page is intuitive and well organized, and the different sections of the site are clearly identified.

The process of buying and selling on Peach Bitcoin is also simple. Once you create an account, you can search for sellers who offer bitcoin at a price you are willing to pay. You can then send a payment to the seller, and the bitcoins will be sent to your wallet once the payment is confirmed.

Here are some of the strong and weak points of the user experience on Peach Bitcoin:

Highlights :

  • Easy-to-use interface;
  • Simple buying and selling process;
  • 24/24 customer support.

Weak points :

  • Some fees are not clearly explained;
  • Limited payment methods, although there are a sufficient number of them.

Overall, the user experience on Peach Bitcoin is excellent. The interface is easy to use and the buying and selling process is convenient. However, there are a few areas where the user experience could be improved. For example, the exchange could better explain the different fees charged.

Security and confidentiality

Peach Bitcoin takes security seriously. The exchange uses a variety of security measures to protect user accounts and bitcoins.

cold storage : Peach Bitcoin stores the majority of its bitcoins in cold wallets, which means they are offline and not connected to the internet. This makes them less vulnerable to hacking attacks.

peach buy without KYC

SSL encryption : Peach Bitcoin uses SSL encryption to protect all personal and financial information transmitted between users and the platform. This ensures that your data is safe from prying eyes.

Besides these security measures, Peach Bitcoin has a good reputation for security. The exchange has never been hacked and has a strong track record of protecting user accounts and bitcoins.

However, it is important to note that no application is ever 100% secure. There is always a risk of hacking or fraud, and so it is important to take steps to protect your own account and your bitcoins. This includes using strong passwords and storing your bitcoins securely.

–>Read the article: Here are 12 tips to secure your seed sentence and sleep in peace

What are Peach's fees and limits?

Peach Bitcoin charges various fees for its services. However, it would be difficult to specify the amount of the fee, as it varies depending on the transaction.

Peach's only fees are 2% per transaction which is for the buyer only. There are no fees for the seller and there are no fees charged for sending the bitcoins to another wallet!!

Here are some of the strong and weak points of Peach Bitcoin’s costs and limitations.

Overall, Peach Bitcoin's fees and limits are reasonable. The fees are lower than the average fees of a non-KYC exchange, and the limits are sufficient for most users. However, it is important to note that the limits may be changed in the future.

Reputation and reliability

Peach Bitcoin enjoys relatively good reputation among users, with an average rating of 4,5 stars out of 5 on Apollo. However, there have been some complaints about the app's customer support which some users found slow and unresponsive.

In terms of reliability, Peach Bitcoin has a good track record when it comes to processing transactions and delivering bitcoins to users. However, it is important to note that Peach Bitcoin is a non-KYC exchange, meaning it does not ask users to provide personal information when creating an account. 

This can be a benefit for users who want to maintain their privacy, but it also means there is less protection against fraud and theft.

Overall, Peach Bitcoin has a good reputation and is generally reliable as per reviews on sites like apolloo.

Comparison with other P2P bitcoin platforms

Peach Bitcoin is a non-KYC exchange, meaning it does not require users to provide personal information when creating an account. 

Other peer-to-peer platforms not subject to the requirement to provide personal information include Paxful, Noons, Bisq and HodlHodl. These platforms offer similar features to Peach Bitcoin, but they may have different fees and limits. They are more oriented towards a more international audience by accepting foreign currencies from all over the world including Franc CFA for Africans in particular.

Here is a comparison table between Peach Bitcoin and other non-KYC P2P platforms:

PlatformSupported currenciesCostlimitationsKYC
Peach BitcoinBitcoin2% to 10%For the buyerNo
NoonsBitcoin1%Set by the sellerNo
BISQBitcoin1% for makers and 7% for takersUp to 2 BTC per dayNo
HodlHodlBitcoinTo be defined during the transactionUp to 5 BTC per transactionNo

As you can see, compared to other peer-to-peer platforms, Peach Bitcoin has fees and limits that are not the lowest, that's a fact. However, it is important to note that the app is more user-friendly and suitable for beginners.

In the end, the best P2P platform without KYC for you depends on your needs and preferences and your geolocation as well. If you are looking for an exchange with low fees and limits, Peach Bitcoin may be a good option for you. On the other hand, if you are looking for an exchange with more features, you can look at one of Peach Bitcoin's competitors.

Final opinion on Peach

Peach Bitcoin is a non-KYC platform that offers a simple and easy way to buy and sell bitcoins. The exchange has low fees and limits, and it is generally reliable. However, it is important to know the risks associated with using a non-KYC exchange before deciding to use the platform.

Generally, Peach Bitcoin is a good option for users who want to buy and sell bitcoins without providing personal information. It is also a very good thing to see a new P2P platform emerge in Europe because as a general rule, it is the centralized exchange platforms that are the most used on the continent.

So this is very good news for people who do not want to use centralized exchanges and remain in control of their funds.

Lire:


Note: This is not investment advice. Always do your own research before investing.

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ZoneBitcoin Editorial

Passionate about Bitcoin, our editors try to democratize their knowledge through varied articles touching on different subjects.

Comment

  1. It should be noted that peach bitcoin has existed for around 1 year, that they only have 1.000 downloads, no user reviews and that it does not justify how they do it without KYC apart from a laconic “We are an affiliated Swiss financial intermediary” without providing any proof or even the name of the affiliated organization – which is not a priori SO-FIT since they do not appear in the search – In short, solid and stable like a 3-legged table.

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