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Vexl

Approved

ExchangeBitcoinFiatCash

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Mobile app for peer-to-peer bitcoin trading inside your real-world social graph: offers are shown to contacts and contacts-of-contacts, with end-to-end encrypted chat. Open source and independently audited; it requires a phone number, has no escrow, and never holds user funds.

Score breakdown

6.78
Overall
72
Privacy
52.9%
63
Trust
47.1%
Community
from user reviews

KYC policy

2of 4Rare KYC

KYC is possible but not in the normal scenario: by law, on a refund, on an AML flag, or at the discretion of a partner or seller.

Service overview

Launched2022
AML risklow
Availableonline

BitcoinFiatCash

How this score is made up

Privacy:base 50 + 31 − 9 = 72

Trust:base 50 + 13 = 63

Confirmed attributes

  • Guaranteed no KYC+25 privacy0 trust

    The terms state outright that documents will never be requested.

    confirmed 2026-08-28evidence

  • Some sellers require KYC-3 privacy0 trust

    The platform itself does not ask, but individual counterparties may.

    confirmed 2026-08-28evidence

  • Non-custodial+6 privacy0 trust

    Funds stay in your wallet: the service never holds the keys.

    confirmed 2026-08-26evidence

  • Phone number required-4 privacy0 trust

    A working number is needed: verification goes by SMS.

    confirmed 2026-08-26evidence

  • In-person service-2 privacy0 trust

    Requires showing up in person and meeting someone: an ATM or an office.

    confirmed 2026-08-26confirmed by a moderator without an external proof

  • Open source0 privacy+6 trust

    The code of the running service is published and can be inspected.

    confirmed 2026-08-26evidence

  • Independently audited0 privacy+5 trust

    An outside company examined the service and published a report.

    confirmed 2026-08-26evidence

  • Legally registered0 privacy+2 trust

    Operated by a registered company that can be found in an open registry.

    confirmed 2026-08-28evidence

Timeline

  • Status changedCommunity → Approved
  • Attribute confirmedGuaranteed no KYC
  • Score recalculated5.52 → 6.84 · after an attribute change
  • Attribute confirmedSome sellers require KYC
  • Score recalculated6.84 → 6.68 · after an attribute change
  • Attribute confirmedLegally registered
  • Score recalculated6.68 → 6.78 · after an attribute change
  • Score recalculated— → 5.52 · after an attribute change
  • Published

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Vexl — KYC level, privacy and uptime · nokyc.watch