robosats
ToS

P2P exchange bitcoin for national currencies. Robosats simplifies the peer-to-peer user experience.

KYC LEVEL 0

The exchange ToS do not mention that it will ever request the user for a KYC verification.

Open source code No personal information needed Strict no-KYC policy Non-custodial wallet Peer to peer trading API available Account needed to use the service No JavaScript needed Telegram bot available
(updated 4 hours ago)
ToS Review ?

Automated, ai-driven monthly ToS reviews.

Last Check: 2024-06-14

Transaction Monitoring

RoboSats requires users to follow contract steps and provides mechanisms to confirm transaction actions, such as confirming fiat has been sent and received.

ToS section: "Walkthrough-1: Taking an order as a buyer, Walkthrough-2: Making an order as a seller"

Logging

Though the platform does not explicitly mention logging IP addresses, the fidelity bonds and dispute process indicate logging of transaction data for operational purposes.

ToS section: "Walkthrough-1: Taking an order as a buyer, Disputes"

Blocking of funds

Funds can be locked in the form of fidelity bonds and trade escrows during trading to ensure contract compliance.

ToS section: "Walkthrough-1: Taking an order as a buyer, Walkthrough-2: Making an order as a seller"

Transaction flagging

Suspicious or unfulfilled trades can lead to disputes and possible penalties involving locked bonds, indicating a form of transaction flagging.

ToS section: "Walkthrough-1: Taking an order as a buyer, Disputes"

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User Identification

The guides and walkthroughs explicitly mention that no KYC (Know Your Customer) procedures are required, maintaining user anonymity.

ToS section: "How to Buy Bitcoins Using RoboSats, Learn How To Use RoboSats P2P Exchange"

3rd Party Data Sharing

There are no mentions of data being shared with third parties. The focus is on maintaining user privacy.

ToS section: "Entire Document"

Data sharing with authorities

There are no mentions of data being shared with authorities or any government agencies.

ToS section: "Entire Document"

Account termination/blocking

There is no mention of account termination or blocking. Users interact with the system using avatars that can be regenerated.

ToS section: "User Generation Home Page"

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