PeachBitcoin.com | P2P Bitcoin Exchange 🍑 #kycfree

[RickDeckard]

Another thing:
They said the dispute rate is about 2%. Very low to me, but the matter was they're not in shame to say it. I was a bit surprised.
I've never heard a platform having this transparency about it.

I think that being transparent on this subject is always good since disputes (and how they are proceeded, how much there are, etc) are always the first question that someone asks when they hear about P2P markets (at least whenever I engage in this discussion with someone else) and that is understandable since people want to feel that there is a system protecting both buyers/sellers. They are also very active on their Telegram channel as well regarding this - You just have to post your dispute and someone from their team will tell you their current status and what they can do to help you out. Overall a very direct and clear communication (which is great to see!), that allows for an easier adoption by trusting the system.

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[icopress]

I think that being transparent on this subject is always good [...]

That's why I like Peach so much... I've spent dozens of hours texting Steph and I can say with confidence that she will defend Peach's ideals at all costs. They are having a pretty busy days right now as they prepare for the next seed round and if I had half a million dollars in Bitcoin I would definitely invest in them as Peach has a lot of potential. Lol... if anyone has half a million dollars in BTC let me know... i would like to borrow from you to invest in Peach.

Let's just think logically together (why the Peach is very promising).

• Ten31 became the leader of the round (Pre-seed).
• At the beginning of May, Peach surpassed one million trading volume in CHF (which at the time was approximately 45 BTC). ^{For a project that started in September 2022, I find this amount amazing, and it makes me believe that P2P adoption has a good future ahead of it.}
• There is practically no competition among peer-to-peer trading platforms (not centralized exchanges advertising themselves as P2P). ^{There are only a few names on the list - Bisq, Hodlhodl, AgoraDesk, Robosats.}
• Already, Peach has three times as many buy orders as the infamous Binance P2P.
• Peach fully operates on a Bitcoin Standard (Peach doesn’t have a bank account, has its reserve in BTC and will get its revenue in BTC.

[RickDeckard]

• Ten31 became the leader of the round (Pre-seed).
• At the beginning of May, Peach surpassed one million trading volume in CHF (which at the time was approximately 45 BTC). ^{For a project that started in September 2022, I find this amount amazing, and it makes me believe that P2P adoption has a good future ahead of it.}
• There is practically no competition among peer-to-peer trading platforms (not centralized exchanges advertising themselves as P2P). ^{There are only a few names on the list - Bisq, Hodlhodl, AgoraDesk, Robosats.}
• Already, Peach has three times as many buy orders as the infamous Binance P2P.
• Peach fully operates on a Bitcoin Standard (Peach doesn’t have a bank account, has its reserve in BTC and will get its revenue in BTC.

Adding to this list is the fact that Peach has managed to reach these values with almost zero marketing and with a Beta product. Once they iron out some issues and polish their app overall, I'm sure they'll be able to reach higher levels. Their tactic so far - word of mouth - is good to generate awareness with almost no cost, but once they start focusing on marketing I'm sure they'll attract a lot more users. They just need to keep doing what they've been doing greatly so far.

[dkbit98]

Let's just think logically together (why the Peach is very promising).

I was one of the first guys who wrote about PeachBitcoin in forum, so I deserve some share of future profits, right?  Just kidding, but I am open for business
They have big growth potential because many people still didn't hear about Peach or they never used it, so there are no sell/buy offers available in many countries.
Biggest problem for me so far is the fact they still didn't switch to (more) open version of code, and they are not available anywhere outside Europe, as far as I know.
I would also like to see Peach web version, that can work as alternative for people who already signed up with smartphones.

[dkbit98]

For everyone who had concerns about PeachBitcoin source code, good news that developers released it on their github page, and it is verifiable with Commons Clause plus MIT license.
I know clear Open Source license would probably be better, but they wanted to have basic code protection against forking, and I can understand that more than when some hardware wallets are doing it.
Blog article is explaining more this decision to go with MIT-CC license:
https://peachbitcoin.com/blog/open-sourcing-our-peach-app/

Code:

(c) Copyright 2023 by Peach Sàrl.

Permission is hereby granted, free of charge, to any person obtaining a copy of this software and associated documentation files (the "Software"), to deal in the Software without restriction, including without limitation the rights to use, copy, modify, merge, publish, distribute, sublicense, and/or sell copies of the Software, and to permit persons to whom the Software is furnished to do so, subject to the following conditions:

The above copyright notice and this permission notice shall be included in all copies or substantial portions of the Software.

THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.

"Commons Clause" License Condition v1.0

The Software is provided to you by the Licensor under the License, as defined below, subject to the following condition.

Without limiting other conditions in the License, the grant of rights under the License will not include, and the License does not grant to you, the right to Sell the Software.

For purposes of the foregoing, "Sell" means practicing any or all of the rights granted to you under the License to provide to third parties, for a fee or other consideration (including without limitation fees for hosting or consulting/ support services related to the Software), a product or service whose value derives, entirely or substantially, from the functionality of the Software. Any license notice or attribution required by the License must also include this Commons Clause License Condition notice.

Software: All peach app associated files. License: MIT Licensor: Peach Sàrl

Source: https://github.com/Peach2Peach/peach-app/blob/develop/LICENSE.md

This makes PeachBitcoin one of the best mobile options for exchanging Bitcoin for cash, with no-kyc at the moment ^{(with reasonable limits)}.

PS
Make sure to update to latest Peach version that was released few days ago.

[aoluain]

Just started using PeachBitcoin through the mobile app this week purely for its #kycfree feature.

I can only compare it to HodlHodl and I find PeachBitcoin unbelievably easy to use via the mobile app.

Its interesting that at this stage we are still classed as having "Early Access" after updating to
version 0.3.1.



Just want to say thanks for providing this #kycfree service.

[RickDeckard]

Guess it's time to bump this thread - Peach Bitcoin has been receiving a lot of updates in the past months, anyone interested in the service should definitely check it out. A great catch up of what Peach has been doing is covered on their Christmas blog[1]. They now accept a lot of currencies as well (not active in USA).

Regarding market activity, per the latest blog[1], the service has "more than 15'000 trades completed/117 BTC traded/57'000 buy offers/22'000 sell offers (...)". Keep up the good work!
[1]https://peachbitcoin.com/blog/peachy-christmas-bitcoiners/

[joker_josue]

I don't remember if it was already mentioned, but now it is possible to better manage the addresses used. Automatically, the same address is never used in each transaction, and when depositing money, you can also use new addresses. It is certainly an excellent way to increase transaction privacy.

I have used it for some transactions and I am super satisfied. Excellent app.

[RickDeckard]

I have used it for some transactions and I am super satisfied. Excellent app.

The UI also took a major refresh in order to simply the process and user experience. From a personal perspective I think it simplified the process while making improvement in better showing the available options that the service offers.

[dkbit98]

Guess it's time to bump this thread - Peach Bitcoin has been receiving a lot of updates in the past months, anyone interested in the service should definitely check it out. A great catch up of what Peach has been doing is covered on their Christmas blog[1]. They now accept a lot of currencies as well (not active in USA).

I thought that Peach app was only available in Europe, but I see they started adding a bunch of currencies from Africa and Latin America!
Great to see that Lightning and Liquid network are supported in Peach app, so there is no more excuse for not trading when fees are high, and you can use L-USDT as stablecoin.
They should really add dark mode switch, but otherwise I am impressed with progress they made so far.

[Nrcewker]

Guess it's time to bump this thread - Peach Bitcoin has been receiving a lot of updates in the past months, anyone interested in the service should definitely check it out. A great catch up of what Peach has been doing is covered on their Christmas blog[1]. They now accept a lot of currencies as well (not active in USA).

They are not active in the ASIA region also? Seeing this thread, I thought finally another good and potentially P2P platform has arrived, but was really disappointed after not seeing any Asian currencies or payment method listed here. It would be really great if they can add payment methods from ASIA, as many Asian people really trade a lot in the P2P market due to the high fees imposed by their respective governments. Hence many asian people are avoiding the exchanges regularised by the government.

[dkbit98]

If you think PeachBitcoin is cool than wait until you watch THIS interview with Peach founder Steph, your mind will be blown away.
She is a very cool and smart bitcoiner from Switzerland and with Peach they are keeping everything they earn in Bitcoin, that means no bank account for them.
Make sure to update latest version 0.4.5 (246) Peach app.

They are not active in the ASIA region also?

They recently added support for a bunch of new fiat currencies so maybe you can find yours there also.

[Pmalek]

It's a pity that the app has a daily no-KYC exchange limit of around €1,000 forced upon them because of their Swiss regulator. You can, of course, trade more than that in one day, but you have to undergo KYC. I don't think there is a way to "cheat the system" even if you created a second/third account and used new payment methods. Your name and device info would probably give you away, among other things.

[Pandorak]

Hello, came here from the icopress thread, have looked at the entire platform and finally realized this service is only available for Europe, Latin America and Africa zone. Is it possible in the future for us in Asia, especially Indonesia to use this service?

[Hispo]

Glad to know again from this service.
I decided to give a look at it again because I noticed you restarted your signature campaign and the fact you all decided to finally release your source code to the public and also offer your service to other markets like Latin America.  when previously it was only available for people in Europe.

I will definitely give this application a try if it turns out to be available in the Play Store for me. If I encounter a good volume and also a good interface, I would not even mind to go through Know Your Client process in order to use the application in a little more comfortable conditions.

Also, the design of your website is very good. My personal congratulations to your graphic designers and also your web programmers. Eager to know from this service in the future. 🍑🍑🍑

[dkbit98]

It's a pity that the app has a daily no-KYC exchange limit of around €1,000 forced upon them because of their Swiss regulator. You can, of course, trade more than that in one day, but you have to undergo KYC. I don't think there is a way to "cheat the system" even if you created a second/third account and used new payment methods. Your name and device info would probably give you away, among other things.

This amount is more than enough for most people, unless you are a bitcoin whale  or trader who wants to sell/buy millions all the time.

Hello, came here from the icopress thread, have looked at the entire platform and finally realized this service is only available for Europe, Latin America and Africa zone. Is it possible in the future for us in Asia, especially Indonesia to use this service?

Write them in support or email address.
Owner Steph is great and she is always open for spreading to other regions, if there is enough interest.

 

[JiiBs]

The peach way

Note: I was going to create this for a thread but on second thoughts, I feel it’s best fit to have it in the peach discussion thread since this could serve as some review.
Key:
(…) Dots displayed in this format indicates continuation of some form or removal of sensitive documents.
 
This is largely my observation this far with peach.

In line with my DCA strategy and given what is largely promoted on the forum, I did a brief understudy following what is available to successfully purchase some fractions of Bitcoin using peach and the following unfolded.

PHASE ONE:
It appears in the early hours of today using forum time 7am there about, the peach app was undergoing some maintenance and as such, I had to give it few minutes before I was allowed access to it’s features. During this time of maintenance, there was a notification about restoration of wallet using backup file or seed phrase. It appears I had none of that and this stretched on the importance and need to have them both backed up.
Notably: This wasn’t very much emphasized on during the registration process and truly, it’s as easy as advertised during registration but, if there is a possibility of being logged out by the system, hence the need for a backup, this should be communicated with emphasis on necessary need to do backups.
Suggestion: Just as in wallet creation, emphasis should be made upon account creation, possibly as it is done during the creation of none custodian wallet for file and seed phrase backups.

My Action: I quickly went to the setting icon on the app to backup my recovery file and get my seed phrase to document successfully.

PHASE TWO:
I proceeded to buying of Bitcoin. Here I was met with a different kind of rigor. Perhaps it might largely be due to my not understanding how to work the app but, this is my own encounter.

First thing was choosing a preferred payment currency and proceed to click buy. It opened for me a meter to adjust my buying range.
The app proceeds to ask you what wallet you might want your Bitcoin deposited in, either an external wallet or the peach wallet.
Notably:Here, you have an icon to link an external wallet but, it’s often met with an error message that states:

Code:

peach has detected that the app has run into an unexpected issue, a crash report has been generated…

Manually customize and input external wallet address, the message pops up:
My address is displayed in a bar and the second bar bears this:

Code:

I confirm that only I, peach…, control the address: …

My address is then written out. On a third bar, your required to sign. Of course I tried this using my keys or even wallet password but was unsuccessful as both was said to be invalid. I then proceed to use the peach internal wallet before I was sampled with available vendors in the market with their various offers.

The problem: this was my attempt to use a none custodian wallet and it was a bit unsettling.

suggestion:
While the sales might be displayed in range, there should be a meter that inputs directly what amount you would be purchasing.

My Action: in line of ease of usage and not having a vivid understanding of the process I was going through, I had to abort the whole process.

FINAL PHASE
I logged off unsuccessfully with my buy attempt!

OBSERVATION:
The app doesn’t require you of a password to access, I don’t know what the procedures to sending out a coin is like but, I feel this should be put in place. Especially given the fact that, in the case of having your device accessed by anyone, they could proceed to your peach app and in the peach app, seed phrase and backup files could be accessed with ease and no security question is been asked.
Armed with this, wallet could be imported on another app and funds accessed.
There should be some security to the app upon access.

My brief experience/review of a new user upon first attempt.

[dkbit98]

The app doesn’t require you of a password to access, I don’t know what the procedures to sending out a coin is like but, I feel this should be put in place. Especially given the fact that, in the case of having your device accessed by anyone, they could proceed to your peach app and in the peach app, seed phrase and backup files could be accessed with ease and no security question is been asked.
Armed with this, wallet could be imported on another app and funds accessed.
There should be some security to the app upon access.

It would be a good idea to add password or fingerprint protection to Peach app, but this is not mean to be used as a wallet for long term storage.
You should use Peach for trading only and than move coins to hardware wallet or other type of cold storage.
There is also an option to use External Wallet when accepting offers, just set up a custom address and you are good to go:

[JiiBs]

but this is not mean to be used as a wallet for long term storage.
You should use Peach for trading only and than move coins to hardware wallet or other type of cold storage.

Of course that’s exactly what I was trying to avoid and you can imagine how pleased I was to have seen an external wallet feature on peach. It was an opportunity to leverage as you don’t go through having to pay for transaction fees since, the bought coins would be deposited directly to a none custodian wallet that could serve either of the above options. Armed with this piece of information I went ahead to try and explore the below,

There is also an option to use External Wallet when accepting offers, just set up a custom address and you are good to go:

Tried to use the provided link and the resulting error message is what I have put in the phase two of my earlier comment. Text in code one came up while I tried using the provided link and text in second code was the result of manually trying to customize my address after going some steps through the way.

It would have been a very pleasing feature in the event of a success on my path. Don’t know how other users if there are actually other users that have made success of this would have archived it but, I can say it’s still a nice idea by peach.


In the address label tab, one of the things I did was:
Used my wallet name there in as label and input my address in the second tab also,
I tried using the name I had customized my address with on my wallet for label and input my address in the second tab.

For each of my individual attempts, I was met with the same result and stocked at the same point, not being able to sign the address with my password or seed phrase. Don’t know how I did it wrong but, that was it.

[dkbit98]

For each of my individual attempts, I was met with the same result and stocked at the same point, not being able to sign the address with my password or seed phrase. Don’t know how I did it wrong but, that was it.

I don't understand why you would need to sign address and use password and seed phrase.
This is just external receive address, you don't have to do anything with it, just use one from your hardware wallet or cold storage.
Maybe something is lost in translation since I think you are mot a very fluent English language speaker, and maybe I didn't understand you correctly.