Bitpapa vs Peer
Peer has the higher grade on both axes: Safety 7.0 against 4.8, and Privacy 7.3 against 1.9.
Bitpapa
Custodial P2P marketplace with escrow, web wallet and Telegram bot
Privacy
1.9/ 10
Poor
Safety
4.8/ 10
Caution
ID on risk flag KYC 3 Docs reviewed Full review →
Peer
P2P fiat on/off-ramp settling through smart-contract escrow and payment-app proofs
Privacy
7.3/ 10
Strong
Safety
7.0/ 10
Strong
No ID mentioned KYC 1 Docs reviewed Full review →
Side by side
| Bitpapa | Peer | |
|---|---|---|
| Category | P2P Exchanges | P2P Exchanges |
| KYC policy | ID on risk flag | No ID mentioned |
| Custody | Custodial | Non Custodial |
| Sign-up | Email required | No account needed |
| Open source | No | Yes |
| Tor onion address | No | No |
| Coins | BTC, ETH, USDT, XMR, USDC | USDC, ETH, SOL, BTC, USDT |
| Pay with | Bank transfer, Crypto, Monero | PayPal, Bank transfer |
| Fees | No service fee when trading through other users' offers; offer creators pay from 1% + $0.5 down to 0.2% depending on 30-day volume; network fee on external withdrawals | Up to 0.95% taker service fee; up to 0.5% bridge fee when bridging to another chain |
| Limits | No verification-based limits stated in the FAQ. Escrow holds a deposit for at most 4 hours per trade. | Order sizes depend on each seller's configured range and available liquidity |
| Founded | 2018 | Not published |
| Jurisdiction | Seychelles | United States (terms governed by California law) |
| Not available in | User agreement excludes, among others: United States, Mainland China, Hong Kong, Singapore, Canada, Iran, North Korea, Cuba, Syria, Sudan, Uzbekistan; services may also be restricted in listed EU/EEA countries | Sanctioned persons and jurisdictions are excluded by the terms |
| Incidents on record | 0 | 0 |
| Published tests (180 days) | 0 | 0 |
Only Bitpapa
CustodialRequires emailMay request IDAML screeningExcludes US usersAccepts Monero5+ years operating
Both
Nothing distinct
Only Peer
Non-custodialOpen sourceNo registration
Where they sit among p2p exchanges
Questions
Is Bitpapa or Peer safer?
Peer has the higher Safety grade: Bitpapa 4.8, Peer 7.0, out of 10.
Does Bitpapa or Peer require KYC?
Bitpapa is KYC level 3 (ID on risk flag). Peer is KYC level 1 (no ID mentioned).
Which has more incidents on record?
Bitpapa has 0 and Peer has 0 documented incidents in the registry.