Vexl: No-KYC P2P platforms
Vexl is an app that surfaces buy and sell offers inside your own contact network, with no account and no custodian.
Specifications
| KYC required | No |
|---|---|
| Escrow type | No escrow: direct trade between contacts |
| BRL | Yes |
| Pix | Yes |
| Tor | to verify |
| Fees | No platform fee |
| Open source | Yes |
| Mobile app | Yes |
| Official site | https://vexl.it |
How does it work in practice?
- Install the app and import contacts (kept on device).
- Post or find an offer in your network.
- Talk over the encrypted chat.
- Agree on place, amount and payment method.
- Trade directly with the person.
How to Buy Bitcoin Anonymously — See the book on Amazon
Frequently asked questions
- Does a P2P platform hold my bitcoin?
- On escrow platforms, bitcoin is locked in multisig or a hold invoice during the trade, not in a company account.
- Can I use instant bank payments in a no-KYC trade?
- Yes, they are common in fiat offers. They identify the payer to the seller, but they do not create an account at the platform.
- What if the counterparty disappears?
- With escrow there is a dispute process and the bitcoin stays locked until resolution. Without escrow, the risk is entirely yours.