# Vexl review: KYC policy, privacy and safety grades

> 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.

Source: NoKYC Score, "Vexl review", reviewed 22 Oct 2026, https://nokycscore.com/service/vexl

## Key facts
- **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
- **Official website:** https://vexl.it

## What it 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 the terms say about ID
The site describes trading "without KYC"; onboarding uses a phone number and contacts rather than identity documents.

## Features and warnings
- **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
- **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: yes; Closed source: not in terms; Nobody accountable: not in terms

## 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.

## Sources
- https://vexl.it
- https://github.com/vexl-it/vexl

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