# Peer review: KYC policy, privacy and safety grades

> Peer is a P2P exchange. Its terms put it at KYC level 1 of 4: no ID mentioned. NoKYC Score grades it 7.3/10 for privacy (strong) and 7.0/10 for safety (strong). In its favour: no account needed, no email needed and no phone number. No incidents are on record.

Source: NoKYC Score, "Peer review", reviewed 22 Oct 2026, https://nokycscore.com/service/peer-xyz

## Key facts
- **Category:** P2P Exchanges
- **KYC level:** 1 of 4: No ID mentioned
- **Grades:** Privacy 7.3/10, Safety 7.0/10
- **Sign-up:** No account needed
- **Custody:** non-custodial
- **Fees:** Up to 0.95% taker service fee; up to 0.5% bridge fee when bridging to another chain
- **Limits:** Order sizes depend on each seller's configured range and available liquidity
- **Jurisdiction:** United States (terms governed by California law)
- **Incidents on record:** 0
- **Last reviewed:** 22 Oct 2026
- **Official website:** https://www.peer.xyz

## What it is
Peer, formerly ZKP2P, is a peer-to-peer on-ramp and off-ramp: a seller locks USDC in an on-chain escrow contract, the buyer pays through an app such as Venmo, Revolut, Wise or PayPal, and a cryptographic proof of that payment releases the funds. The terms from P2P Labs describe the products as purely non-custodial and are governed by California law. The site says no additional identity verification is required beyond connecting a wallet or signing in with email or a social account, and that only the payment amount, recipient and timestamp are shared. The payment apps used are themselves identity-verified accounts held with third parties. The contracts are published under an MIT licence.

## What the terms say about ID
FAQ: 'No additional verification is required. You connect a wallet and use your existing payment apps'; the terms contain no identity-verification clause.

## Features and warnings
- **Identity:** ID never required: not stated; No account needed: yes; No email needed: yes; No phone number: yes
- **Payment:** Accepts Monero: not stated; Accepts Lightning: not stated; Accepts cash: not stated
- **Access:** Tor onion address: not stated; Works without JavaScript: not stated
- **Trust:** Never holds your funds: yes; Refund without ID: not stated; Escrow it cannot spend alone: not stated; Open source: yes; Independent audit: not stated; Company named: not stated; 5+ years operating: not stated
- **Warnings:** May ask for ID: not in terms; Screens deposits: not in terms; Holds your funds: not in terms; Email required: not in terms; Phone number required: not in terms; Closed source: not in terms; Nobody accountable: not in terms

## Questions
### Does Peer require KYC?
Peer is rated KYC level 1 of 4 on this site: no ID mentioned. FAQ: 'No additional verification is required. You connect a wallet and use your existing payment apps'; the terms contain no identity-verification clause.

### Is Peer safe to use?
Peer has a Safety grade of 7.0 out of 10 and a Privacy grade of 7.3 out of 10. No incidents are on record. Evidence level: documentation reviewed.

### Is Peer legit?
Peer is a working P2P exchange. Being real is not the same as being safe: its Safety grade here is 7.0 out of 10, built from custody, liquidity, track record and incidents.

### Is Peer a scam?
NoKYC Score does not label services as scams; it records documented incidents with their sources and outcomes. No incidents are on record for Peer.

### Do I need an account or email to use Peer?
No account needed.

### What fees does Peer charge?
Up to 0.95% taker service fee; up to 0.5% bridge fee when bridging to another chain. Fees were recorded from Peer's own pages and can change; check before you send.

### What are Peer's limits?
Order sizes depend on each seller's configured range and available liquidity.

### Does Peer have a Tor onion address?
No official onion address was found on Peer's own pages.

### Which cryptocurrencies does Peer support?
Peer supports USDC, ETH, SOL, BTC, USDT, and fiat payments in USD, EUR, GBP, CNY, INR.

### Is Peer custodial?
No. Peer is non-custodial: the operator does not control user funds.

### Can I use Peer over Tor?
Peer does not publish an official onion address.

## Sources
- https://www.peer.xyz
- https://www.peer.xyz/tos
- https://www.peer.xyz/faq
- https://github.com/zkp2p

How grades are calculated: https://nokycscore.com/methodology