Quick Start

Intro: Why Peach and why peer-to-peer?

On a “normal” centralized exchanges, you buy bitcoin from the company directly. That often makes it pretty easy, but you do need to upload your identity documents, which could be leaked when the exchange gets hacked, and is generally bad for privacy. The company also becomes a honey pot… holding all your privacy documents, knowing how much you bought/sold bitcoin.. and you have to trust them that they won't ever report you to “an authority”. Last, on centralized exchanges, you don’t own your bitcoin but you are holding an account at the company. You might know that gold was massively confiscated with executive order 6102 and you don't want the same to happen to your sacred bitcoin.

So on the other hand of centralized exchanges, there are peer to peer exchanges. Here you can buy and sell from/to other people, which is better for your privacy in a lot of ways. But, those platforms can be pretty complicated to use… until now!

Peach is very accessible, easy to use.. even for your GrandMa, it's more private, has more payment methods and you're buying real bitcoin straight to a wallet that YOU control, not some exchange note that they may or may not pay out. Here's how it works:

Guide 1: Setting up the app

After you've installed the app (through the App Store, Play Store or APK download) or Zap Store, you're pretty much already done. The only thing required from you right now is a referral code - if you have one.

You'll then be met by a quick three-step explainer on how Peach works.

You'll be asked if you want to share some data with us

After that, you'll be asked if you have a referral code. If you don't - don't worry about it

That's it! You're good to go!

This quick setup process does mean that you're not yet backed up. You'll be asked to create a backup and a password after you've completed your first trade.

Guide 2: Buy Bitcoin from existing sell offers

Here's the step by step of your first buy from existing offers:

Tap the green "Buy" button to browse the existing sell offers

Browse the exixting sell offers

You can filter the offers by currency and payment method

Tap on a offer and request a trade with the "request trade" button and wait that is accepted. You can match multiple offers. Make sure to check the reputation score and history of the user by tapping is user id.

NEW: you can now chat with the counterparty before he/she accepts your trade to make sure that you agree on the terms before getting in a contract. Tap the "chat" button to open it

You get notified via a push notification when a seller has accepted your trade request!

Send the payment from your fiat bank/online wallet account and, ONLY WHEN YOU MADE THE PAYMENT, slice the "I made the payment" slider. TIP: the faster you make the payment, the better your reputation.

Wait for the seller to confirm that he received your payment. Once he does, the escrow is released to you! The payout is processed every 24 hours if you have “Batching Transactions” activated to save on Network fees. You can also opt-out and get your sats straight away in Settings > Batching Transactions.

You can now rate the seller

Guide 3: Create your own BUY offer

Creating your first buy offer can be done in just a few seconds You'll just need to set up your preferences: how much you want to buy, which currencieS and payment methodS you accept, at what price you are willing to buy, and your payout wallet.

Tap the "Create buy offer" button to create your buy offer

Add a payment method as described in Guide 6 and set your offer preferences

Your buy offer is published in the Peach P2P marketplace and sellers can see it! You will be notified when a seller wants to take your offer!

Once a seller send a trade request to your offer, you can confirm the trade request and get into a contract! NEW: Reject the trade request if you are not interested in the user’s terms or reputation. NEW: you can now chat with the counterparty to make sure that you agree on the terms before getting in a contract.

Wait for the seller to deposits the sats in the 2-2 multisignature escrow between him and Peach. The seller has 12 hours for funding the escrow.

Once the escrow transaction is confirmed, the payment details are shown to you. You can now send the payment from your fiat bank/online wallet account and, ONLY WHEN YOU MADE THE PAYMENT, slice the "I made the payment" slider. TIP: the faster you make the payment, the better your reputation.

Wait for the seller to confirm that he received your payment. Once he does, the escrow is released to you! The payout is processed every 24 hours if you have “Batching Transactions” activated to save on Network fees. You can also opt-out and get your sats straight away in Settings > Batching Transactions.

You can now rate the seller

Guide 4: Sell Bitcoin to existing buy offers

Here's the step by step of your first sale from existing offers:

Tap the orange "Sell" button to match existing buy offer

Browse the available buy offers

You can filter the offers by currency and payment method and make sure to check the reputation score and history of the user

Tap on an offer and request a trade with the "request trade" button… wait for the buyer to accept your trade request.

NEW: you can now chat with the counterparty before he/she accepts your trade to make sure that you agree on the terms before getting in a contract. Or just wait for the counterparty to accept your trade

You get notified via a push notification when a buyer has accepted your trade request!

You are asked to deposit the sats to sell in the 2-2 multisignature escrow between you and Peach

You can deposit from your Peach Wallet of from an external one

Once the transaction is confirmed, the buyer can see your payment details and has 12 hours to send the payment

ONLY WHEN you have received the payment in your fiat bank/wallet account, you confirm it by sliding the "I received the payment" button. WATCH OUT: confirming payment releases the sats from the escrow to the buyer. This action can NOT be reversed

You can now rate the buyer

Guide 5: Create your own SELL offer

Creating your first sell offer can be done in just a few seconds You'll just need to set up your preferences: how much you want to sell, which currencies and payment methods you accept, at what price you are willing to sell, and your refund wallet in case of a cancellation.

Tap the "Create sell offer" button to create your sell offer

Add the payment details as descrived in guide 6 and set the offer details

Fund the 2-2 multisignature escrow between you and Peach from your Peach Wallet

Or fund the escrow from your external wallet by depositing to the provided bitcoin address

Wait that the deposit transaction is confirmed

Once the transaction is confirmed your offer get published

When a buyer match your offer, accept the trade request

Confirm the trade request and get into a contract! NEW: Reject the trade request if you are not interested in the user’s terms or reputation. NEW: you can now chat with the counterparty to make sure that you agree on the terms before getting in a contract

ONLY WHEN you have received the payment in your fiat bank/wallet account, you confirm it by sliding the "I received the payment" button. WATCH OUT: confirming payment releases the sats from the escrow to the buyer. This action can NOT be reversed

You can now rate the buyer

Guide 6: Adding payment methods

When you make a buy or sell offer in Peach, you'll need to let your counterparty know how you'll pay, or want to be paid.

First, you can choose between two categories: remote (e.g. bank transfer, paypal) or on a meetup (with cash).

You'll then select which currency you want to use for this payment method.

You'll then see the categories of payment method available for this currency. We'll go with an online wallet for this example

A drawer opens where you can select which online wallet you want to add. Let's select PayPal

All you have to do here is fill in your details. You can also indicate if your wallet can receive any additional currencies.

Once done, you press confirm, and…

Guide 7: Set-up an instant-trade when creating a BUY or a SELL offer

When creating a buy or sell offer, there is the option to “instant-trade” . It means that you will NOT have to accept a trade request. In other words, the counterparty will be able to get into a trade with you automatically. It is great for faster trading because the buyer will have one hour to make the payment instead of 12 and the seller will have 1 hour to deposit in escrow instead of 12

This is how you set it in a buy offer

This is how you set it in a sell offer

You can filter who will be able to instant-trade with your offer. You can exclude new users, or exclude peers with a reputation below 4.5 peaches

Offers with the instant-trade are shown in the order book!