Topic: PeachBitcoin.com | P2P Bitcoin Exchange 🍑 #kycfree - page 3. (Read 2579 times)

Friendly BTCump!

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+

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.

You are using an outdated Android system. According to the official website, the minimum supported Android version is 8.0.

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.

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

Friends, Peach can offer favorable conditions to sellers from Switzerland. Let me know if anyone is interested  

In addition, if anyone is interested in making a profit as an investor, you can also contact me.

That’s one of the oldest tricks to an address and I feel terrible to have even attempted using my seed phrase to sign an address on a third party site. I guess I’ve just got to discard that now and go ahead to create a new wallet.


Oh yeah, thanks guys I guess that’s where I got it wrong in the address signing phase. I felt it was what I would do right there from the peach app but I was wrong. It was for me to sign the address from my wallet and copy paste the signed message for verification, so yeah, I get it now.

By the way, the short tutorial and video was helpful. Wish the video came with a little music/tones to not make a boring watch. Am sure there are a lot of others that should learn from my attempt and misconceptions. Thanks guys!

If you decide to use the address that the app generates for you, then you are good to go (as in you can receive sats on it without the need to sign).
However, if you do decide to use other address than the one provided to you, and according to Swiss law, you must sign a message that you are in control of the address[1]. You are free to just do this process once (for just a particular trade) or just choose to always receive the funds in a new address[2].

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He can also watch this[3] video from Peach official Youtube account that shows, step by step, what is needed in order to buy bitcoin to an external wallet (using Blue Wallet to sign the message).

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[1]https://peachbitcoin.com/faq/trading/#what-if-i-dont-want-to-use-the-peach-wallet-for-the-payout-refund
[2]https://peachbitcoin.com/faq/trading/#how-to-sign-an-external-address
[3]https://www.youtube.com/watch?v=d3STuVfFWfQ

Dude you should NEVER enter your seed phrase and password anywhere!!!
You don't understand how to sign and verify message with bitcoin wallets, but it's nothing complicated.
This is basic bitcoin stuff and I you need to learn it, this proves ownership of your keys and address, it has nothing to do with PeeachBitcoin app.

Here is simple tutorial how to do it with Trezor Suite and trezor hardware wallet, but it's similar with other wallets:
https://trezor.io/learn/a/sign-verify

Here is how to do it with Electrum wallet (older version):
https://medium.com/@bytether/how-to-sign-a-message-with-a-electrum-wallet-121f45f0bb40

Perhaps that was it but then, here is a screenshot from where I was held. I just had to attempt the process again to access that and my screenshot is just the next phase after the screenshot you uploaded earlier.


At that phase, I was required to sign my address as the arrow indicates but all attempts to do that successfully proved abortive or perhaps I didn’t get them right in what way or what was required to sign my address but, I attempted my password and seed phrase yet, none was successful.

I don't understand why you would need to sign address and use password and seed phrase.
This is just external receive address, you don't have to do anything with it, just use one from your hardware wallet or cold storage.
Maybe something is lost in translation since I think you are mot a very fluent English language speaker, and maybe I didn't understand you correctly.

Of course that’s exactly what I was trying to avoid and you can imagine how pleased I was to have seen an external wallet feature on peach. It was an opportunity to leverage as you don’t go through having to pay for transaction fees since, the bought coins would be deposited directly to a none custodian wallet that could serve either of the above options. Armed with this piece of information I went ahead to try and explore the below,

Tried to use the provided link and the resulting error message is what I have put in the phase two of my earlier comment. Text in code one came up while I tried using the provided link and text in second code was the result of manually trying to customize my address after going some steps through the way.

It would have been a very pleasing feature in the event of a success on my path. Don’t know how other users if there are actually other users that have made success of this would have archived it but, I can say it’s still a nice idea by peach.

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In the address label tab, one of the things I did was:
Used my wallet name there in as label and input my address in the second tab also,
I tried using the name I had customized my address with on my wallet for label and input my address in the second tab.

For each of my individual attempts, I was met with the same result and stocked at the same point, not being able to sign the address with my password or seed phrase. Don’t know how I did it wrong but, that was it.

It would be a good idea to add password or fingerprint protection to Peach app, but this is not mean to be used as a wallet for long term storage.
You should use Peach for trading only and than move coins to hardware wallet or other type of cold storage.
There is also an option to use External Wallet when accepting offers, just set up a custom address and you are good to go:

Note: I was going to create this for a thread but on second thoughts, I feel it’s best fit to have it in the peach discussion thread since this could serve as some review.
Key:
(…) Dots displayed in this format indicates continuation of some form or removal of sensitive documents.
 
This is largely my observation this far with peach.

In line with my DCA strategy and given what is largely promoted on the forum, I did a brief understudy following what is available to successfully purchase some fractions of Bitcoin using peach and the following unfolded.

PHASE ONE:
It appears in the early hours of today using forum time 7am there about, the peach app was undergoing some maintenance and as such, I had to give it few minutes before I was allowed access to it’s features. During this time of maintenance, there was a notification about restoration of wallet using backup file or seed phrase. It appears I had none of that and this stretched on the importance and need to have them both backed up.
Notably: This wasn’t very much emphasized on during the registration process and truly, it’s as easy as advertised during registration but, if there is a possibility of being logged out by the system, hence the need for a backup, this should be communicated with emphasis on necessary need to do backups.
Suggestion: Just as in wallet creation, emphasis should be made upon account creation, possibly as it is done during the creation of none custodian wallet for file and seed phrase backups.

My Action: I quickly went to the setting icon on the app to backup my recovery file and get my seed phrase to document successfully.

PHASE TWO:
I proceeded to buying of Bitcoin. Here I was met with a different kind of rigor. Perhaps it might largely be due to my not understanding how to work the app but, this is my own encounter.

First thing was choosing a preferred payment currency and proceed to click buy. It opened for me a meter to adjust my buying range.
The app proceeds to ask you what wallet you might want your Bitcoin deposited in, either an external wallet or the peach wallet.
Notably:Here, you have an icon to link an external wallet but, it’s often met with an error message that states:
Manually customize and input external wallet address, the message pops up:
My address is displayed in a bar and the second bar bears this:
My address is then written out. On a third bar, your required to sign. Of course I tried this using my keys or even wallet password but was unsuccessful as both was said to be invalid. I then proceed to use the peach internal wallet before I was sampled with available vendors in the market with their various offers.

The problem: this was my attempt to use a none custodian wallet and it was a bit unsettling.

suggestion:
While the sales might be displayed in range, there should be a meter that inputs directly what amount you would be purchasing.

My Action: in line of ease of usage and not having a vivid understanding of the process I was going through, I had to abort the whole process.

FINAL PHASE
I logged off unsuccessfully with my buy attempt!

OBSERVATION:
The app doesn’t require you of a password to access, I don’t know what the procedures to sending out a coin is like but, I feel this should be put in place. Especially given the fact that, in the case of having your device accessed by anyone, they could proceed to your peach app and in the peach app, seed phrase and backup files could be accessed with ease and no security question is been asked.
Armed with this, wallet could be imported on another app and funds accessed.
There should be some security to the app upon access.

My brief experience/review of a new user upon first attempt.

This amount is more than enough for most people, unless you are a bitcoin whale  or trader who wants to sell/buy millions all the time.

Write them in support or email address.
Owner Steph is great and she is always open for spreading to other regions, if there is enough interest.

 

Glad to know again from this service.
I decided to give a look at it again because I noticed you restarted your signature campaign and the fact you all decided to finally release your source code to the public and also offer your service to other markets like Latin America.  when previously it was only available for people in Europe.

I will definitely give this application a try if it turns out to be available in the Play Store for me. If I encounter a good volume and also a good interface, I would not even mind to go through Know Your Client process in order to use the application in a little more comfortable conditions.

Also, the design of your website is very good. My personal congratulations to your graphic designers and also your web programmers. Eager to know from this service in the future. 🍑🍑🍑

Hello, came here from the icopress thread, have looked at the entire platform and finally realized this service is only available for Europe, Latin America and Africa zone. Is it possible in the future for us in Asia, especially Indonesia to use this service?

It's a pity that the app has a daily no-KYC exchange limit of around €1,000 forced upon them because of their Swiss regulator. You can, of course, trade more than that in one day, but you have to undergo KYC. I don't think there is a way to "cheat the system" even if you created a second/third account and used new payment methods. Your name and device info would probably give you away, among other things.

If you think PeachBitcoin is cool than wait until you watch THIS interview with Peach founder Steph, your mind will be blown away.
She is a very cool and smart bitcoiner from Switzerland and with Peach they are keeping everything they earn in Bitcoin, that means no bank account for them.
Make sure to update latest version 0.4.5 (246) Peach app.

They recently added support for a bunch of new fiat currencies so maybe you can find yours there also.

They are not active in the ASIA region also? Seeing this thread, I thought finally another good and potentially P2P platform has arrived, but was really disappointed after not seeing any Asian currencies or payment method listed here. It would be really great if they can add payment methods from ASIA, as many Asian people really trade a lot in the P2P market due to the high fees imposed by their respective governments. Hence many asian people are avoiding the exchanges regularised by the government.