It's been a month since I've started using Peach. This month was much more comfortable for me, as Bitcoin user. Any buying or selling was.. Peach of cake, like the slogan tells. Here's a quick guide about Peach, and it's quick only because of the awesome and ease UX!
So, what's Peach? Peach is an application for Android & iOS, for peer-to-peer transactions on-chain. There's no need for passport picture, nor driving license. All is needed is just internet connection, a password, and configuration for preferred payment method.
The good thing Peach does is that the data kept locally on the device & encrypted. That's why it's important to save the account password, as there's no other way to unlock the account otherwise. Account's file saved in .json format, wherever wished to.
In the application it's possible to find 50K, 100K, 200K, 350K & 500K SATs options for buying & selling. I've heard larger options will be added soon. Sellers can choose between -20% to +20% of market price.
Once seller fund the escrow, he's able to publish his offer and Peach will look to find an appropriate match of a buyer. The buyer screen is even simpler, just scan an address and wait for match to pop up.
When a match occurs, the buyer has 12HRs to pay the amount was shown. The faster the buyer will pay, the higher rank he'll be scored. Peach has a ranking algorithm that score users for various of actions, in order to protect the users.
Available payment methods are (as for ATM): SEPA, PayPal, Revolut, Wise, Twint, Swish, Amazon Gift Cards in EUR, CHF, GPB & SEC. More to come in the next, as to developers on Telegram group chat. Big shout out for being tied to the community and adding cash option in events!
There's also cool referral program each user is part of and can share his code. Not yet activated, but early adopters are able to gain points on it. New beta wave is about to be sent, registration is available through main website: https://peachbitcoin.com
The team based in Switzerland and therefore some regulation must be done on that aspect. Each user can obtain up to 1K EUR worth of Bitcoin a day and up to 100K a year KYC free. Looking for more information? Telegram chat is available in here: https://t.me/+GkOW1J-ixBBkZWRk
reply
Not that I'm aware of, but the .apk is available to download via Peach Telegram group (stored on Proton Drive).
reply
what is the link for the peach telegram group? I searched for peach and got nothing relevant, I also searched for peach bitcoin and got nothing relevant
reply
reply
Yea, sorry. Was AFK. Have fun, waiting for a feedback :)
reply
Yeah Peach works great. It's very user friendly compared to Robosats or Bisq. From now on I can send newbies to Peach instead of Relai or Bittr (light-kyc)
reply
Glad to hear that. 👊 I hope they will catch up and as far as I can see that, they will become the standard for being the most easy UX for everyone.
reply
I had never heard of Peach, it sounds great. I use the bot dw telegrsm LNP2P and it is a good alternative.
reply
Thanks for the update. Been meaning to try Peach out.
reply
ios support?
reply
Yes. Still in beta, so there's TestFlight invitation ATM. Soon it will be publicly available. Could register for invitation or wait :)
reply
How's it compare to Robosats?
reply
I find it easier, as it's On-chain and not LN based. It's easy as Tinder, Lol
reply
Are there any plans to add USD?
reply
ATM They are aiming for the European market. Might add USD & USA payment methods in the future. One step at a time. Regulations isn't easy, anywhere
reply
PBBBBBT....
reply
If it's non KYC and indeed P2P then why do then need my email address?
reply
Since when providing an email means KYC? Just use a fake email
reply
They don't, it's only for sending you a download link for the .apk file or adding you to the TestFlight on iOS. Registration is just with one button; You could grab the link from the Telegram group.
reply