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Topic: PeachBitcoin.com | P2P Bitcoin Exchange 🍑 #kycfree - page 2. (Read 2474 times)

legendary
Activity: 1148
Merit: 3117
I took a look at the app, and I couldn't figure out when you can make this change. I've never bought/sold either, so that may have escaped me.
When you are selecting the payment method - in the "Select Currency" option - just go over to the "Other" tab, right next to the "Africa", and you'll be able to select the option "LNURL BTC Swap".
legendary
Activity: 2730
Merit: 7065
Have you tested this feature?

I took a look at the app, and I couldn't figure out when you can make this change. I've never bought/sold either, so that may have escaped me.
I have not tested it, no. Maybe the feature is being rolled out gradually or is only available to users from certain countries (at the time). Or, perhaps, you aren't looking in the right place or something happened that made them stop it for the time being. I don't have any additional information.
legendary
Activity: 1722
Merit: 4711
**In BTC since 2013**
It seems that no one has mentioned yet that Peach Bitcoin has added a new swap feature allowing users to swap between on-chain bitcoin and bitcoin on the Lightning Network. You can read more about the LNURL swaps here and here. Peach Bitcoin doesn't currently charge its users any fees for this service. It's a good way to get your hands on some LN funds cheaply (depending on the offer of the other party, of course).

Have you tested this feature?

I took a look at the app, and I couldn't figure out when you can make this change. I've never bought/sold either, so that may have escaped me.
legendary
Activity: 2730
Merit: 7065
It seems that no one has mentioned yet that Peach Bitcoin has added a new swap feature allowing users to swap between on-chain bitcoin and bitcoin on the Lightning Network. You can read more about the LNURL swaps here and here. Peach Bitcoin doesn't currently charge its users any fees for this service. It's a good way to get your hands on some LN funds cheaply (depending on the offer of the other party, of course).
legendary
Activity: 1148
Merit: 3117
I just got to know that the service expanded to some more countries outside Europe from the signature. Though it may seem small, but it's a move in the right direction. My question is should we expect expansion to more countries in the future?
If you are also interesting in knowing in which countries they may expand to, I would keep a close eye on this[1] spreadsheet. I wasn't aware that it existed, but it basically compiles every currency and method accepted by Peach. It is also a document that is developed and updated by them, so I would assume that it is updated as soon as there is a new currency implemented.

[1]https://docs.google.com/spreadsheets/d/1uqotdlQ1woALJnsLOJMwe21J4KvTvv3cnEqERqCUicg
legendary
Activity: 2296
Merit: 2892
#SWGT CERTIK Audited
Update .Peach Bitcoin version 0.5.0 (252).


hero member
Activity: 504
Merit: 1065
Crypto Swap Exchange
My question is should we expect expansion to more countries in the future?

I hope so.

In waiting for, as long as your FIAT currency is supported by Revolut, you have at least one solution to use Peach even outside the regions mentioned in the signature.

There's nothing to stop you buying via Revolut with USD, CHF or EUR, for example ; and there's nothing to stop you selling for one of these FIATs and then, once you've received the money, swapping it for your local FIAT on Revolut.
legendary
Activity: 2338
Merit: 1261
Heisenberg
I just got to know that the service expanded to some more countries outside Europe from the signature. Though it may seem small, but it's a move in the right direction. My question is should we expect expansion to more countries in the future?
legendary
Activity: 2296
Merit: 2892
#SWGT CERTIK Audited
[...]
I've contacted Steph and will get back to you as soon as I hear back.  ::)

Last Sunday, I received a notification regarding maintenance on PeachBitcoin. The crash notification no longer appears and is replaced with a more relevant notification when I haven't closed the sell offer.





Thank's.
legendary
Activity: 1456
Merit: 5874
light_warrior ... 🕯️
[...]
I've contacted Steph and will get back to you as soon as I hear back.  Roll Eyes
legendary
Activity: 2296
Merit: 2892
#SWGT CERTIK Audited
I got several crash notifications on the Peach Bitcoin app (iOS version installed via TestFlight).





I first tried to explore the features of the Peach Bitcoin app. On the trade menu, I tried tapping the 'start buying! - 'Show Offer' button, after which I returned to the main menu without closing the list of sell offers and closing the Peach Bitcoin app.




After a while, a crash notification appeared. I assumed it was because the list of sell/buy offers had not been closed/canceled, causing the crash.

Has anyone here experienced something similar to this?
hero member
Activity: 504
Merit: 1065
Crypto Swap Exchange
legendary
Activity: 1148
Merit: 3117
It seems like something positive to me and that could avoid cases in which users choose such low rates that transactions take days to be carried out.

Peach's team has really done an incredible job.
From my perspective this was actually a move to try to balance PeachBitcoin liquidity regarding their operations within the transaction of their users - previously they were being damaged since with a high mining fee (and their consolidation feature) they would be, in fact , losing money if the transaction didn't had enough liquidity (from their 2% take) to cover for the remaining costs of the operation. However, like you said, since they will now try to fill as many transactions as they can in 1 bucket, it means that the mining fees will also be lower so the users also enjoy some benefits as well indeed.
legendary
Activity: 1722
Merit: 4711
**In BTC since 2013**
I know that this is old news but since I haven't seen it being discussed here I might as well share it - PeachBitcoin has made some adjustments to the way their "GroupHug" batching works[1]. Previosuly they were batching already the transactions but they often didn't had enough participants in the batching, so they would end up loosing money on the mining fee. They now divide them in a couple of buckets and try to have their orders filled as soon as 24 hours amongst other variables. I would just like to also highlight the following:

It seems like something positive to me and that could avoid cases in which users choose such low rates that transactions take days to be carried out.

Peach's team has really done an incredible job.
legendary
Activity: 1148
Merit: 3117
I know that this is old news but since I haven't seen it being discussed here I might as well share it - PeachBitcoin has made some adjustments to the way their "GroupHug" batching works[1]. Previosuly they were batching already the transactions but they often didn't had enough participants in the batching, so they would end up loosing money on the mining fee. They now divide them in a couple of buckets and try to have their orders filled as soon as 24 hours amongst other variables. I would just like to also highlight the following:
Quote
We also wait for the peach fee amount to reach a minimum threshold before broadcasting the transaction. We are also making batching the default! This does mean that payouts will take slightly longer than before, however we believe that again, our users want to stack sats with a low time preference and if we can save them fees by delaying payouts slightly users will be happy. If this assumption does not fit you, no worries! You can still opt out of batching at any point in time and have your release transaction immediately be broadcast. The only thing that changes here is that we now ask the user to cover the additional costs this implies for peach, meaning specifically the added consolidation cost of the peach fee we collect from that trade. We calculate this using the following formula: 41 * halfHourFee. At the time of writing, the half hour fee is 10 sat/vB, so this would mean an extra 410 sats paid to Peach. This is based on the absolute minimum size per input.

[1]https://peachbitcoin.com/blog/grouphug-for-everyone/
hero member
Activity: 504
Merit: 1065
Crypto Swap Exchange
Friendly BTCump!
sr. member
Activity: 476
Merit: 299
Learning never stops!
I don't know if this happened to me alone or to everything.
When I wanted to install it on my android, it was not compatible.
I am using android version 7


Just as @Pmalek replied your android version  is not  upto to the required version  which is 8

You can fix it by upgrading your android version if there's anyone available for your phone, you can check if there's any available upgrade for your android version  by  going to
Settings>Software Update>click on download and install  or
Settings>About phone > Below there's should be a quick link to navigate software update

Try again if you found an upgrade it should work so far the new version is 8+
legendary
Activity: 2730
Merit: 7065
I was attracted to the exchange because of its unique features which is that you once you sign up on the platform, you can do your bitcoin P2P exchange without feeling unsafe. That is, there is no KYC verification and your privacy is secured.
Be advised that Peach Bitcoin is only KYC-free for trades below CHF1000 daily. If that is enough for your needs, it can remain KYC-free forever. If you are planning to perform a larger trade, be ready to be asked for KYC.

I don't know if this happened to me alone or to everything.
When I wanted to install it on my android, it was not compatible.
I am using android version 7
You are using an outdated Android system. According to the official website, the minimum supported Android version is 8.0.
full member
Activity: 784
Merit: 212
I don't know if this happened to me alone or to everything.
When I wanted to install it on my android, it was not compatible.
I am using android version 7
I really hope that in the future it can be used with the website only without having to download the application first
And can support IDR. As well as other local currencies.
sr. member
Activity: 450
Merit: 220
Peach Review
I am wearing the Peach P2P Bitcoin Excahnge app avatar and signature and I would like to write a brief review as my little way of showing support for this great project. This review is free and voluntary. it voluntary. I would start of by saying that I share in their great philosophy and values #kycfree. Thank you icopress form bringing it to the forum.

I was attracted to the exchange because of its unique features which is that you once you sign up on the platform, you can do your bitcoin P2P exchange without feeling unsafe. That is, there is no KYC verification and your privacy is secured.

Download

I followed the link provided by icopress on thread in the service board. It opened their website and on the webpage, I was directed to down the app either from AppStore or Google Play. I clicked on the later. It opened my Google Play app and downloaded it.

Installation

When I opened the app, I got  a pop up to share usage data. I was shocked at first but became comfortable when I read the second paragraph that, "No personally identifiable information is ever collected. see also our privacy policy". I read the privacy policy just to be doubly sure. After which, I clicked on "sure" and then "next". This is the "Welcome Page" giving users an intro to the app with some messages such as
- peer-to-peer:  With Peach, you don't buy from us, but from other people. It's marketplace for bitcoin!
- peach of mind : We'll guarantee you get your part of the deal thanks to our advanced escrow and in-app support.
- privacy first: Your data is stored on your phone and is fully encrypted... we don't even want to know who you are.
- a wallet you control: Peach has a built-in wallet, so you can get started right away. No third-party apps required to use Bitcoin properly!

Sign Up

There was a box to enter a referral code. I did not enter any because I didn't have. So I clicked on the "NEW USER" . What popped up next was "Creating account" window. After about 15 seconds, the next window was "Account Created" and then another one asking me how I heard about Peach. It had several options - see picture below. I clicked on other. I was expecting to see "Bitcointalk Forum" as one of the options but didn't.

Home screen
The home screen has the price of 1 bitcoin to Euro, a link to the website, the number of open offers, and sell options, daily trading limit and other tabs to take you to the other parts of the app. They are the "Wallet", "trades", and "settings".

Settings
It has different options
  • contact peach - You can reach then via mail and report any issue. You simply click on whatever issue you want to report on. It opens a wind, you enter your email address, then your message and you can choose to tick the "include app logs" box or not and then hit send report. Alternatively, you can see for help via the community. They have a Telegram and Discord channels. Although when I clicked on the Telegram option, it showed "Expired Link- This invite link has expired."  
The administrators should look into this. The Discord option worked perfectly.
  • about peach - contains information about the app. peach fees which I learned is 2% of the total amount of the trade and it excludes any other fees and markups. It also contains its socials, the type of security they use. They use bitbox which is open source to secure funds. There is also a link to their website, their privacy policy, terms and conditions. In the terms and conditions page, I learned that peach is not a crypto exchange but a marketplace that facilitates buying and selling of bitcoin among bitcoin users. Peach do not buy from or sell bitcoin to its users.
  • On the Profile settings - it contains details about my daily trading limit(1021 EUR), monthly anonymous limit (1021 EUR), yearly trading limit (102123 EUR). I also had here, my account public key, date of creation, disuptes, number of trades, and an option to delete account.
  • referrals- you receive referral point for everyone who signs up using your referral code. Please use my referral code - PRF18C and link - https://peachbitcoin.com/referral?code=PRF18C. Thank you
  • backups - the two options here are the "file backup" to restore your Peach account and wallet. When you click on it, you will be prompted to create a secure password which must me at least 8 characters long. You enter the password and your back up is created. Then the "seed phrase" option which shows you your seed phrase. And you know what to do with it.
  • network fees - the picture says it all. I like that add a custom fee. It makes it even better.
  • transaction batching -it has a toggle when it is off has - "Escrow payouts are done right away. You're paying up to 30% more." When the toggle is on, the text becomes "Escrow payouts are delayed. You save up to 23% in network fees.". Depending on who fast you want the transaction, the toggle is up to you.
  • payment methods -


    here there are two options. The first, is the online option and the second is the meetups. In the online option, you have the small + icon to "add new currency payment method". I clicked on it, there are currencies separated by continents. They include  -Europe, Latin America, Africa, and other. Because I am from Africa, I clicked on the Naira(NGN) and then next which took me to the next page for bank transfer and online wallets. In the bank transfer, you enter your payment details. I like that in the payment reference, they is a text that say, "don't mention bitcoin or Peach." My government has already issued a directive to banks to have the account of anyone found found trading bitcoin frozen and then the person will face some jail time. So kudos to peach having this reminder to their users.

    I clicked on the online wallet options and noticed some online wallets that are very popular in Nigeria. You just click on the option you want and then enter the details just like the bank transfer options.



    The second option is the "meetups". You then click on the small + icon with the text" add new cash option", a dropdown menu to select country appears. In my case, I click on Nigeria, and I another dropdown to select the meetup. I click on the first option "BitDevs Abuja" to try it out get the meetup link. It takes me to the BitDevs community page on Twitter and from there, I could contact them. In my opinion, I am not too comfortable with the meetup option for security so, Ill stick with the online option.

trades

On the trades bar, you have the buy, sell and history options.  I tapped on the start buying option. Another window opens that amount to buy which I can set and the pay out option. Here, I can add a currency option which was already discussed in the previous section or the payout can come to my peach wallet or an external wallet. I can set the custom address which can be any address of my choice. The "Open External wallet App" prompts me to open my Trust wallet.

When you click on the show offers - another window pops up showing you the sell offers. There are options to sort matched by best reputation first, then highest amount first, lowest premium first.

I tapped on the sell option and then on the "start selling". A new window opened with the sell options. One important thing to note is that at the top right hand of the screen there is a ? which when you click on it, there is an information there that tells the seller that there is not fee to selling. And one must send their sats to an escrow which proves to the buyer that they are serious about the trade and have the sats. To put our hearts and minds at ease, they ass that the escrow is a bitcoin multi-signature wallet where you own one key and Peach holds another. I like this. And now that your mind is at ease you can then being the trade.



wallet
The wallet has the "receive" and "send" tabs. On the receive tab, you have a wallet address and a QR code which you can scan to get the wallet address. There are multiple addresses to choose from.

On the send tab, you can send bitcoin from your peach wallet to any other wallet of your choice, like a hardware wallet, software wallet, an exchange wallet. However, it is recommended you send it to a hardware wallet as it offers extra security.

User Experience
I love the intuitive and seamless user experience on the Peach app. The app’s interface is sleek and well-organized, making it easy to navigate even for someone like me who is still kinda new to cryptocurrency trading. I am happy that there is no registration process so anyone can start using it within minutes of installing and setting up the app. The security features give me peace of mind, knowing that my funds are safe.
My overall rating of the app is a 4.9/5


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