Open-source desktop P2P exchange for bitcoin with no registration
Privacy 9.3
Safety 8.0
P2P Exchanges Reviewed 22 Oct 2026
Vexl review
Mobile app for finding bitcoin trades within your own social network
- Never holds your funds
- Open source
- Accepts cash
- Phone number required
No ID mentioned KYC 1 Documentation reviewed
Privacy
6.1/ 10
Fair
Safety
7.0/ 10
Strong
Based on terms and documentation. No test transactions published yet. See the arithmetic
Vexl review in short
Vexl is a P2P exchange. Its terms put it at KYC level 1 of 4: no ID mentioned. NoKYC Score grades it 6.1/10 for privacy (fair) and 7.0/10 for safety (strong). In its favour: accepts cash, never holds your funds and open source. To watch: it requires a phone number. No incidents are on record.
- Category
- P2P Exchanges
- KYC level
- 1 of 4: No ID mentioned
- Grades
- Privacy 6.1/10, Safety 7.0/10
- Sign-up
- Phone number required
- Custody
- non-custodial
- Incidents on record
- 0
- Last reviewed
- 22 Oct 2026
Cite this review
NoKYC Score, "Vexl review", reviewed 22 Oct 2026, https://nokycscore.com/service/vexl
Also available as plain text.
What Vexl is
Vexl is an open-source mobile app that helps people trade bitcoin peer to peer without KYC. Instead of a public order book it shows anonymised offers from within a user's real-world social network, built from phone contacts, and lets counterparties chat anonymously until they choose to reveal their identity. The app does not hold funds or provide escrow; the two parties settle directly, typically in person. Because onboarding is tied to a phone number and contact list, it offers privacy from institutions rather than anonymity from one's own contacts.
What Vexl offers, and what to watch
3 of 16 privacy and safety features, 1 warning in its terms.
"Not stated" means its own pages do not say.
Identity
- ID never required Not stated
- No account needed No
- No email needed Not stated
- No phone number No
Payment
- Accepts Monero Not stated
- Accepts Lightning Not stated
- Accepts cash Yes Cash by post or in person: no bank and no blockchain record.
Access
- Tor onion address Not stated
- Works without JavaScript Not stated
Trust
- Never holds your funds Yes The operator never controls user funds, so it cannot freeze them.
- Refund without ID Not stated
- Escrow it cannot spend alone Not stated
- Open source Yes The code that matters is public and can be inspected.
- 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 Yes A phone number is required to use the service.
- Closed source Not in terms
- Nobody accountable Not in terms
Does Vexl require KYC?
- 0 Never
- 1 Not mentioned
- 2 Rare
- 3 On risk flag
- 4 Mandatory
KYC level 1: No ID mentioned. No identity requirement appears anywhere in the terms or documentation.
The site describes trading "without KYC"; onboarding uses a phone number and contacts rather than identity documents.
How the grades add up
Both grades start at 50 points and move by fixed, published amounts. Nothing is adjusted by hand. The total is divided by ten.
Privacy
6.1- Starting points 50
- KYC level 1: No ID mentioned +12
- Accepts cash +4
- Open source +2
- Non-custodial +3
- Requires phone number -10
- Total, clamped to 0–100 61
Safety
7.0- Starting points 50
- Open source +8
- Non-custodial +12
- Total, clamped to 0–100 70
Test ledger
Real transactions run by our editors. A badge without a ledger is an assertion; this is the proof.
No test transactions published yet
The grades above rest on Vexl’s terms and documentation. Tests will appear here with the date, route, amount band and result as they are run.
Incidents on record
No incidents are on record for Vexl. If you have a documented case, report it.
User reviews
Reviews never change a grade. Reviews with a transaction reference are marked.
No reviews yet.
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Alternatives to Vexl
All alternatives → 
Open-source protocol for non-custodial Monero trading over Tor
Privacy 9.2
Safety 7.3
Open-source P2P bitcoin trading protocol over Nostr and Lightning hold invoices
Privacy 8.9
Safety 7.3
P2P fiat on/off-ramp settling through smart-contract escrow and payment-app proofs
Privacy 7.3
Safety 7.0
Vexl: common questions
Does Vexl require KYC?
Vexl is rated KYC level 1 of 4 on this site: no ID mentioned. The site describes trading "without KYC"; onboarding uses a phone number and contacts rather than identity documents.
Is Vexl safe to use?
Vexl has a Safety grade of 7.0 out of 10 and a Privacy grade of 6.1 out of 10. No incidents are on record. Evidence level: documentation reviewed.
Is Vexl legit?
Vexl 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 Vexl 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 Vexl.
Do I need an account or email to use Vexl?
Phone number required. A phone number is required.
Does Vexl have a Tor onion address?
No official onion address was found on Vexl's own pages.
Which cryptocurrencies does Vexl support?
Vexl supports BTC.
Is Vexl custodial?
No. Vexl is non-custodial: the operator does not control user funds.
Can I use Vexl over Tor?
Vexl does not publish an official onion address.
Listing history
- Listing added. Facts and KYC level set from the service's own terms and documentation.