Vexl review
Vexl is an open-source mobile application developed by Vexl s.r.o. in the Czech Republic. It is for bitcoin trading with individuals within your contact network. The app does not require KYC, but it does need a verified phone number for sign-up and access to your contacts. Your identity is disclosed to a trading partner only at your discretion. Vexl does not hold funds, provide escrow services, or charge its own fees, and it lacks ratings and dispute assistance. Your recourse is limited to blocking a user. In our view, Vexl suits trades with people you already know or can meet in person.
No ID, by design
Vexl never asks for ID by design, per its own pages. You hold the keys.
Latest release: V26.9.5_260900500 (2026-09-30)
Choose Vexl if
Who Vexl suits, from the values on this page.
Vexl suits you if
- You want to trade with no ID: Vexl never asks for ID, by design.
- You want to keep your own keys: on Vexl, you hold the keys.
- You want to pay or get paid over Lightning.
- You want open-source software.
Vexl might not be the right fit if
- You do not want an account: Vexl needs one.
- You want Monero: Vexl does not list it.
What kycnot.me says about Vexl
kycnot.me is an independent directory of services you can use without ID checks. The rating and notes below are its own, not ours.
The terms do not mention ID checks, now or later. That is not a promise that there will never be one. kycnot.me sorts services into five levels, from 0 (never asks for ID) to 4 (ID is mandatory).
Not accepted: Monero.
Pros kycnot.me lists
- Identity-Free registration
- Open source code
- Audited
- Mature service
- Peer to peer market
- Legally registered
- Basic Customer Support
Cons kycnot.me lists
- Phone number is required
- Data Sharing
- Some sellers may require KYC
- Account required
Also noted: Mobile app available, Some countries are restricted
Events kycnot.me lists
- 2025Jan 28, 2025: Information. kycnot.me writes: “Listed”
Source: the kycnot.me listing. Vexl on kycnot.me (opens in a new tab)
Checked October 22, 2026
Inside Vexl
Screenshots taken November 3, 2026
- Platforms
- Mobile only (Android via Google Play; iPhone via AltStore PAL in the EU, separate instructions outside the EU); no desktop
What you get with Vexl
Yes, no or partly, from our dataPrivacy 1 of 6
- No IDYesBy design
- No accountNo
- Tor built inNot statedNot statedVexl's own pages we checked do not say. This is not the same as no.
- Onion addressNoNone published
- I2P addressNoNone published
- Works without JavaScriptNot statedNot statedVexl's own pages we checked do not say. This is not the same as no.
Coins 2 of 4
- BitcoinYes
- MoneroNo
- LightningYes
- ZcashNot statedNot statedVexl's own pages we checked do not say, checked Oct 15, 2026. This is not the same as no.
Custody and code 2 of 4
- You hold the keysYes
- Open sourceYes
- Reproducible buildsNot publishedNot published
- Address screeningNot statedNot statedVexl's own pages we checked do not say. This is not the same as no.
When can Vexl ask for your ID?
Never, by design, per Vexl's own pages. Labels come from each provider's terms, never from our guess.
- 1Never, by designVexl is on this stepNo company holds your order, so nobody can ask
- 2Only if you chooseID only for extras you opt into
- 3If a payment is flaggedNo ID by default; checks when a risk system flags you
- 4Above a limitID once you pass a stated amount
- 5AlwaysID before you trade, deposit or withdraw
If a check comes and you do not pass it
Not applicable: Vexl never holds money or escrow; it can only suspend app access (also for users from certain countries)
“Vexl never handles your money or tracks your purchases.”
Not stated on Vexl's pages: what triggers a check, fee on refusal, refund policyVexl's own pages we checked do not say, checked Oct 14, 2026. This is not the same as no.
- If a trade goes wrong
- None: Vexl cannot help with a trade and cannot see whether it happened; the remedy is to block the user, which cuts them off from your network
- How trust works
- No ratings by design: trust comes from the social graph, offers are shown only to contacts and contacts of contacts
Checked October 22, 2026
What Vexl costs
| What | Vexl |
|---|---|
| Trade fee | No Vexl fee; the offer creator may set a percentage fee that the buyer pays |
| No-ID limit | None set by Vexl (Vexl does not process trades) |
- Ways to pay
- Each offer sets currency, payment method and whether the trade is online or in person
- Trade limits
- None set by Vexl: Vexl does not process or monitor trades; each offer sets its amount
- Typical time
- Not published
What Vexl knows about you
Who sees what during a trade, and who runs it.
During a trade
No ID check does not make a bank payment private.
Network and who runs it
- Governance
- Vexl s.r.o. (Prague, Id. No. 172 70 642), backed by the Vexl Foundation (company)
- Requests from authorities
- Personal data may be passed to public authorities where the law requires it
- Warrant canary
- Not published
Checked October 22, 2026
Track record and code
None found.
Incidents
None found
- License
- GPL-3.0
- Audits
- Yes: the FAQ links the result of an independent audit; auditor and date not named in the text
- Bug bounty
- No; report to: [email protected]
- Support
- Email [email protected]; email [email protected] (vulnerabilities)
Checked October 22, 2026
More facts we checked on Vexl
- Coins listed
- Count: 1; assets: BTC
- Networks
- Bitcoin on-chain; Lightning
- Rate type
- The app shows an average bitcoin price for convenience; each offer sets its own terms and can be posted by a price trigger
- Log retention
- Messages: encrypted on Vexl servers for a very limited time; http logs: up to 7 days; IP address: not stored long-term; website data: deleted within 6 months
- Onion address
- Not published
- I2P address
- Not published
- Security deposit
- Escrow: No
Vexl in the US and elsewhere
Vexl's pages name no blocked country. That is not a promise that it is legal where you live.
In the US
US availability: Available
- Blocks US IPs
- Terms: Vexl may suspend or deny access for users in certain countries for regulatory reasons; no country named
- VPN clause in terms
- Yes: the FAQ mentions VPN or Tor as a way to hide the IP address from Vexl servers
If you are a US person, US sanctions rules apply to you whether or not a service asks for ID.
Outside the US
Excluded countries: none named on the page we checked.Vexl's pages list no excluded country or group. We show no flags because the list is empty.
Regional rule: Not statedVexl's own pages we checked do not say. This is not the same as no.
- Site blocks by region
- Possible by country code, app store or phone number; no country list published
Where you live and the provider's terms
Many services on this page do not serve every country. Some exclude people because of where they live or their citizenship, not only where they connect from. Read the provider's terms before you send funds. If the terms exclude you, do not use the service, and do not try to get around the restriction, for example with a VPN.
Taxes
A service that does not ask for ID does not change your taxes. In the US, the federal income tax return asks a yes-or-no question about digital assets, and you must report digital asset transactions whether or not they result in a gain or loss. In the UK, you may owe Capital Gains Tax when you sell, swap or spend crypto, and you must keep your own records. Rules in other countries differ.
No KYC is not anonymity
"No KYC" here means the provider says it does not ask for ID in the cases its terms describe. It does not make you anonymous. The provider's terms may let it ask for ID later. Regulated exchanges you send funds from or to may have to collect information about who sends and who receives a crypto transfer. Your tax duties stay the same.
Funds can be held
If a provider asks for more information during a swap or a withdrawal, it may hold your funds until it gets it. Its terms decide what happens next. In the UK, a crypto business that asks for information on a transfer to or from a self-custody wallet, and does not receive it, must not pass the funds on. Read what the provider's terms say before you send. Vexl's terms say that if a check is requested and not completed: not applicable: Vexl never holds money or escrow; it can only suspend app access (also for users from certain countries).
Checked October 22, 2026
P2P markets to compare with Vexl
Active P2P markets from our list. The shield shows each one's ID rule from its own terms.
Vexl side by side
From our privacy data, the same fields for every marketChecked October 23, 2026
Short answers about Vexl
From the data on this page.
Does Vexl ask for ID?
Vexl never asks for ID by design, per its own pages. You need an account.
How much can you trade on Vexl without ID?
None set by Vexl (Vexl does not process trades).
Who holds your coins during a Vexl trade?
You hold the keys. Non-custodial, no escrow: users meet or pay each other directly; Vexl only connects offers within the user's contact network.
Can you buy Monero on Vexl?
No. Vexl does not list Monero, per its own pages.
What does Vexl cost?
Trade fee: No Vexl fee; the offer creator may set a percentage fee that the buyer pays.
Who checked this page
Sources, how we read the terms and our process
Sources
- api.github.com/repos/vexl-it/vexl, for open source, checked October 22, 2026
- api.github.com/repos/vexl-it/vexl/releases/latest, for status and latest release, checked October 22, 2026
- kycnot.me/service/vexl, for kycnot.me rating, checked October 22, 2026
- vexl.it, for ID rule, what happens if a check fails, Monero, bitcoin, onion address, What your payment reveals and coins listed, checked October 22, 2026
- vexl.it/faq, for custody, custody in detail, account, Lightning, I2P address, fees, ways to pay, platforms, if a trade goes wrong, how trust works, typical time, audits, bug bounty, support, VPN clause in terms, networks, log retention, onion address and security deposit, checked October 22, 2026
- vexl.it/terms-privacy, for no-ID limit, data collected, operator, excluded countries, US availability, trade limits, governance, requests from authorities, warrant canary, license, blocks US IPs, site blocks by region and rate type, checked October 22, 2026
How we read the terms
We do not give privacy services a score. We record what each provider's own pages say: when it asks for ID, the limits, who holds your coins and what it costs. Labels come from each provider's terms, never from our guess. How we read the terms
Our process
We take fees, availability, licenses and coin counts from primary sources: Vexl's own fee schedules, terms and help pages, and the public registers kept by regulators. Every value carries the date we last checked it. The values on this page were checked on October 22, 2026.
Not legal or tax advice. This page explains how these services work and what their own terms say. It is general information, not legal, tax or financial advice. Rules differ by country and change often. Check the rules where you live, or ask a qualified professional, before you use any service listed here.