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 3 user ratings averaging 2.7/5.
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 4 years. While this indicates stability, it is not a future-proof guarantee.
This service has been operational for 4 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
Terms of Service Review
Vexl is a non-custodial matching platform that connects users to negotiate peer-to-peer Bitcoin trades. It utilizes end-to-end encryption, requiring a phone number and social graph access to function.
Social Graph Required
To connect with others, users must verify a phone number and import their contact list from their mobile address book or Facebook to map 1st and 2nd degree connections.
Geographic Access Denial
Vexl reserves the right to suspend or block access for users located in specific countries, identifying restrictions via phone numbers, country codes, or app store locations.
No Transactions
Vexl does not facilitate Bitcoin transactions or custody funds. It exclusively serves as a secure messaging platform for users to construct trades and negotiate terms independently.
End-to-End Encrypted Chat
Messages between users are end-to-end encrypted using their respective public keys and are entirely stored on local devices. Vexl does not back up or permanently retain chat logs.
Hashed Contact Matching
Imported contact lists are encrypted locally before transmission. Vexl discovers connections by comparing contact data hashes, meaning they do not access or store the raw contact information.
Local Key Storage
User accounts are tied to a private key generated and stored locally on the designated device. Uninstalling the app, logging out, or losing the device permanently destroys access to the account.
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
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.
I like how it supports multiple payment methods, including Bitcoin, Lightning, fiat currencies, and even cash, giving users plenty of flexibility.