How to Buy Bitcoin Without KYC in Europe Using Peach

Under Swiss financial regulations, you can legally buy up to CHF 1,000 worth of Bitcoin per day without submitting a passport photo, utility bill, or selfie. That's the window Peach Bitcoin operates in, and for Europeans seeking privacy in an increasingly surveilled financial landscape, it's worth understanding how it works.

What Peach Actually Is

Peach is a peer-to-peer mobile app operated by Peach SARL, a Swiss company regulated under the Swiss Anti-Money Laundering Act (AMLA) and FINMA. It matches Bitcoin buyers and sellers directly, rather than acting as an exchange that holds your funds.

The key distinction: Peach never takes custody of your Bitcoin. When you buy, the BTC sits in a 2-of-2 multisig escrow (requiring signatures from both the seller and Peach) until you've sent payment and the seller confirms receipt. Then it releases directly to your wallet.

No email address required. No identity documents. Your account is just a cryptographic keypair generated locally on your phone, with data stored on your device and protected by end-to-end encryption.

The Limits You're Working With

According to Peach's November 2025 terms, the thresholds are:

• CHF 1,000 per day for standard payment methods
• CHF 1,000 per month for anonymous payment options (like cash at meetups)
• CHF 100,000 per year total

These aren't arbitrary numbers. They're calibrated to Swiss compliance requirements that allow financial intermediaries to operate without full KYC below certain thresholds. Peach has found a legitimate regulatory lane, not a loophole.

For context, CHF 1,000 is roughly €1,050 or £880. Enough for regular accumulation, not enough for large lump-sum purchases.

How a Purchase Actually Works

Download the app from the App Store or Google Play. Your account generates automatically; there's no signup form.

To buy:

1. Browse sell offers filtered by amount, payment method, and currency (EUR, CHF, GBP, and SEK are the primary options in Europe)
2. Choose from over 100 payment methods: SEPA transfers, Revolut, PayPal, or even cash at local Bitcoin meetups
3. Match with a seller whose terms work for you
4. Send fiat directly to the seller through your chosen method
5. Confirm payment in the app
6. Wait for the seller to confirm receipt; Bitcoin releases from escrow to your wallet

Peach charges a 2% fee on successful trades, deducted automatically from the escrow. Bitcoin network fees apply separately when the transaction hits the blockchain.

The Tradeoffs Worth Considering

Privacy comes with friction. A few realities to weigh:

Fiat payment risk: You're sending money to strangers. If a seller claims they never received your SEPA transfer, you're in a dispute. Peach mediators can access your encrypted chat history (via a shared key) to make a ruling, but decisions are final and you have just 24 hours to respond.

Price premiums: P2P sellers on no-KYC platforms typically charge above spot price. You're paying for privacy, sometimes 5-10% or more depending on market conditions and payment method.

Limited recourse: This isn't a regulated exchange with a compliance department. If something goes wrong, your options are Peach's internal mediation process and your own due diligence.

Geographic restrictions: The app blocks users in the US, China, and sanctioned regions via IP detection and app store restrictions.

How It Compares to Alternatives

Peach isn't the only option. Hodl Hodl offers similar P2P functionality with a web interface and global reach. Bisq is fully decentralized and open-source, requiring no company to trust at all, but with a steeper learning curve. Relai, another Swiss app, offers recurring purchases but requires KYC above lower thresholds.

Peach's strength is mobile-first simplicity with reasonable limits. For someone wanting to stack sats weekly without creating another account tied to their identity, it hits a practical sweet spot.

The Legal Reality

Peach's Swiss compliance doesn't automatically mean you're compliant in your home country. The app's terms explicitly note that users must ensure their activity meets local laws. With the EU's MiCA regulations tightening crypto oversight, the regulatory environment varies by member state.

This isn't legal advice, but it's worth understanding: buying Bitcoin without KYC is legal in most European jurisdictions. What matters is how you handle reporting obligations, capital gains, and other tax requirements that apply regardless of how you acquired the asset.

Who This Is Actually For

Peach makes sense if you're buying modest amounts regularly and value financial privacy. It's not for someone looking to convert €50,000 quickly, and it's not a tool for evading legitimate tax obligations.

It's for people who believe that buying money shouldn't require handing over biometric data to a database that will inevitably be breached, sold, or subpoenaed. That's a reasonable position, and Swiss regulators have carved out space for it.

The 2% fee and occasional premium over spot price are the cost of that privacy. Whether it's worth it depends on how you weigh surveillance against convenience.