Limited recent checks passed
P2P trading open-source mobile app. No middlemen or KYC. Users connect through phone contacts and friends of friends, bringing real-world trust to encourage good behavior. Vexl doesn't have access to users' activities or identities, making it a secure and private way to trade peer-to-peer.
Vexl is an exchange service that accepts Bitcoin, Lightning, Fiat, and Cash. It has a guaranteed no-KYC policy and has a score of 8/10. There are 4 user ratings averaging 3.3/5.
Scores
- Guaranteed no KYC
- Terms explicitly state KYC will never be requested.
- Some sellers may require KYC -3 0
In peer-to-peer (P2P) trading platforms, sellers may set their own trading rules. Most traders specify in the trade terms whether they require ID verification. In these platforms, look for traders with less strict requirements.
In peer-to-peer (P2P) trading platforms, sellers may set their own trading rules. Most traders specify in the trade terms whether they require ID verification. In these platforms, look for traders with less strict requirements.
-3 Privacy0 Trust
- Phone number is required -4 0
To use this service, you will need to provide a valid phone number. The service may verify your number via SMS or call. In most cases, you can use anonymous SMS services. Avoid temporary numbers if you need ongoing access.
To use this service, you will need to provide a valid phone number. The service may verify your number via SMS or call. In most cases, you can use anonymous SMS services. Avoid temporary numbers if you need ongoing access.
-4 Privacy0 Trust - Account required -1 0
Users require creating an account with the service in order to access and use its features.
Users require creating an account with the service in order to access and use its features.
-1 Privacy0 Trust - Guaranteed no KYC +25 0
Terms explicitly state KYC will never be requested.
- Identity-Free registration +10 0
Users can create accounts without giving personal information (such as full name, address or phone number). Note that some services might initially allow this, but they may subsequently request personal information (i.e. Automated flagging systems, Shotgun KYC...).
Users can create accounts without giving personal information (such as full name, address or phone number). Note that some services might initially allow this, but they may subsequently request personal information (i.e. Automated flagging systems, Shotgun KYC...).
+10 Privacy0 Trust - Personal info is not verified +9 0
These services do not conduct checks on personal information, meaning that you could use temporary emails, disposable phone numbers, or fake name / addresses.
These services do not conduct checks on personal information, meaning that you could use temporary emails, disposable phone numbers, or fake name / addresses.
+9 Privacy0 Trust - Open source code 0 +7
The source code of the service is publicly available and licensed as open-source. This allows the community to audit the service, though it doesn't guarantee security or quality.
The source code of the service is publicly available and licensed as open-source. This allows the community to audit the service, though it doesn't guarantee security or quality.
0 Privacy+7 Trust - Audited 0 +5
The service has been audited by an independent 3rd party.
- Mature service 0 +5
This service has been operational for 3 years. While this indicates stability, it is not a future-proof guarantee.
This service has been operational for 3 years. While this indicates stability, it is not a future-proof guarantee.
0 Privacy+5 Trust - Approved 0 +5
Passed limited recent checks and met our approval threshold. Read more about the listing statuses.
Passed limited recent checks and met our approval threshold. Read more about the listing statuses.
0 Privacy+5 Trust - Peer to peer market 0 +4
Peer-to-peer marketplaces are online platforms where unknown people can trade goods, cryptocurrencies and services directly from each other, without the need for intermediaries like traditional retailers or service providers.
Peer-to-peer marketplaces are online platforms where unknown people can trade goods, cryptocurrencies and services directly from each other, without the need for intermediaries like traditional retailers or service providers.
A peer-to-peer market can be centralized, so do not confuse this with peer to peer networks.
0 Privacy+4 Trust - Legally registered 0 +2
Legally registered as Vexl s.r.o in Czech Republic 🇨🇿.
Legally registered as Vexl s.r.o in Czech Republic 🇨🇿.
0 Privacy+2 Trust - Basic Customer Support 0 +1
Customer support for this service is average. They answer questions and fix problems in a reasonable time, although it may sometimes take longer than expected.
Customer support for this service is average. They answer questions and fix problems in a reasonable time, although it may sometimes take longer than expected.
0 Privacy+1 Trust - Mobile app available 0 0
The service has a mobile app available for download.
- Base score +50 +50
Overall = 60% Privacy + 40% Trust (Truncated)
Terms of Service Review
Vexl is a non-custodial platform connecting Bitcoin buyers and sellers. It features end-to-end encrypted chats, stores data locally, and does not custody funds or execute transactions.
Phone Verification
Account creation requires phone number verification, linking your user account to a mobile number to complete the onboarding procedure.
End-to-End Encryption
All chat messages and trade offers are end-to-end encrypted. Vexl solely transmits the communication and cannot read its contents.
No Fund Custody
Vexl acts purely as a matching and messaging board. It does not execute trades, custody any Bitcoin, or monitor transactions.
Contact Importing
Vexl requires you to import phone or Facebook contacts to find peers, though the data is hashed locally so Vexl cannot read the actual contact information.
No Account Recovery
Accounts are secured by a locally generated private key. If you log out, lose, or format your device, your account and data cannot be recovered.
Reviewed from vexl.it/terms-privacy
ToS reviews are AI-generated and should be used as a reference only.
Events
View all-
Currency update
Removed currencies: MONERO
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Attribute removed
Attribute "Strict no-log policy" was removed from Vexl
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Attribute removed
Attribute "Non-custodial wallet" was removed from Vexl
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Attribute added
Attribute "Some sellers may require KYC" was added to Vexl
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Attribute added
Attribute "Basic Customer Support" was added to Vexl
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Attribute added
Attribute "Audited" was added to Vexl
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Attribute added
Attribute "Account required" was added to Vexl
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KYC update
KYC level changed from 1 to 0
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KYC update
KYC level changed from 2 to 1
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KYC update
KYC level changed from 0 to 2
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Service updated
KYC level changed from 1 to 0. Currencies changed
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Attribute added
Attribute "Non-custodial wallet" was added to Vexl
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Attribute added
Attribute "Strict no-log policy" was added to Vexl
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Listed
Vexl has been listed
Evidence and Review History
Passed limited recent checks and met our approval threshold.
- No review checks have been published yet
- Last review Sep 30, 2024
- Approved Sep 30, 2024
- Operating since Jun 1, 2022
Comments
Vexl brings trust back to P2P trading. No KYC, no middlemen — just secure, private swaps with people you know. Love the open-source vibe! 🔒🤝
A great idea by a team that appears very principled. Unfortunately struggling with lack of network effects outside of their core countries, making it difficult to find useful connections.
To strengthen security and protect against SIM-swap attacks, the app should implement an additional verification layer beyond just phone number authentication.
not the best for privacy, but works well