# Proton Wallet review: KYC policy, privacy and safety grades

> Proton Wallet is a wallet. Its terms put it at KYC level 1 of 4: no ID mentioned. NoKYC Score grades it 6.4/10 for privacy (fair) and 6.9/10 for safety (fair). In its favour: never holds your funds, open source and company named. To watch: it requires an email address. No incidents are on record.

Source: NoKYC Score, "Proton Wallet review", reviewed 23 Oct 2026, https://nokycscore.com/service/proton-wallet

## Key facts
- **Category:** Wallets
- **KYC level:** 1 of 4: No ID mentioned
- **Grades:** Privacy 6.4/10, Safety 6.9/10
- **Sign-up:** Email required
- **Custody:** non-custodial
- **Jurisdiction:** Switzerland
- **Incidents on record:** 0
- **Last reviewed:** 23 Oct 2026
- **Official website:** https://proton.me/wallet

## What it is
Proton Wallet is a Bitcoin wallet for iOS, Android and the web from Proton Financial AG, a Swiss subsidiary of Proton AG based in Baar, Zug. The product page says the wallet is end-to-end encrypted so that only the user holds the keys, and that its code is open source; it also offers sending bitcoin to an email address. The terms say the company never stores or has custody of private keys or backup phrases, but that an account is needed to access some or all of the services and that the company may suspend an account for unusual or fraudulent activity. Purchases inside the app go through third-party on-ramps named in the terms as Ramp, MoonPay and Banxa; the terms do not describe identity checks by Proton itself.

## What the terms say about ID
Terms require a Proton account but contain no identity verification requirement by Proton; on-ramp providers (Ramp, MoonPay, Banxa) are third parties.

## Features and warnings
- **Identity:** ID never required: not stated; No account needed: no; No email needed: no; No phone number: not stated
- **Payment:** Accepts Monero: not stated; Accepts Lightning: not stated
- **Access:** Tor onion address: not stated; Works without JavaScript: not stated
- **Trust:** Never holds your funds: yes; Open source: yes; Independent audit: not stated; Company named: yes; 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: yes; Phone number required: not in terms; Closed source: not in terms; Nobody accountable: not in terms

## Questions
### Does Proton Wallet require KYC?
Proton Wallet is rated KYC level 1 of 4 on this site: no ID mentioned. Terms require a Proton account but contain no identity verification requirement by Proton; on-ramp providers (Ramp, MoonPay, Banxa) are third parties.

### Is Proton Wallet safe to use?
Proton Wallet has a Safety grade of 6.9 out of 10 and a Privacy grade of 6.4 out of 10. No incidents are on record. Evidence level: documentation reviewed.

### Is Proton Wallet legit?
Proton Wallet is a working wallet. It publishes the company that runs it, in Switzerland. Being real is not the same as being safe: its Safety grade here is 6.9 out of 10, built from custody, liquidity, track record and incidents.

### Is Proton Wallet 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 Proton Wallet.

### Do I need an account or email to use Proton Wallet?
Email required.

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

### Which cryptocurrencies does Proton Wallet support?
Proton Wallet supports BTC.

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

## Sources
- https://proton.me/wallet
- https://proton.me/legal/wallet/terms
- https://github.com/ProtonWallet

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