Q: What is Peachee?

At its core, Peachee.xyz serves as a unified swap hub, leveraging industry-leading routing technology to aggregate dozens of swaps in one place, offering users a comprehensive solution for their crypto trading needs. Users can effortlessly search for tokens by name or smart contract address, and swap with just a few clicks, making the platform accessible to both newcomers and experienced traders. The platform is designed to prioritize user experience, significantly minimizing the learning curve often linked with crypto trading in decentralized finance (DeFi). This design approach allows users to devote their attention to managing their portfolios rather than grappling with the complexities of safely navigating the DeFi space. In addition to its user-friendly design approach, the platform also offers a convenient fiat-to-native-coin on-ramp, eliminating the need for users to search for native coins elsewhere. This streamlined onboarding process is tailored to accommodate varying KYC requirements based on regional regulations, allowing users to access the platform with ease while ensuring compliance. Peachee.xyz is a testament to <a href="https://embr.org">Embr Labs’</a> commitment to innovation and breaking down barriers to entry in the cryptocurrency and DeFi space. By combining a user-friendly interface, seamless fiat on-ramping, and <a href="https://whitepaper.mattr.one">proprietary payments technology</a> (coming soon), Peachee promises to make accessing and trading crypto more acce

Question 1

KYC and On-Ramp Limits

Accepted Answer

Introduction

Fiat on-ramps serve as crucial gateways between traditional financial systems and the innovative world of cryptocurrencies. These ramps, while revolutionary, need to navigate complex regulatory landscapes to ensure the security and integrity of transactions. This is where Know Your Customer (KYC) procedures become instrumental. KYC policies, mandated under Anti-Money Laundering (AML) regulations, are a necessity for reputable on-ramps to maintain a safe and trustworthy environment.

They involve verifying the identity of users, essentially becoming a safety net that curbs fraudulent activities. As users complete different levels of verification, they unlock higher limits, enhancing their capacity to interact with the crypto ecosystem. So, while KYC might seem like a tedious process, it's a fundamental step in ensuring a safe and secure experience for all users in the rapidly expanding world of decentralized finance.

Embr Labs, the team that created and maintains Peachee, does not act as an on-ramp provider, but rather, uses Unlimit Crypto's stack to offer the option to on-ramp from fiat currency to cryptocurrency within its products in a compliant way. This means there are different levels of verification and corresponding on-ramping limits. You can choose to undergo the lightest KYC, but you will also have the lowest limits. Inversely if you wish to, you can undergo level 3 verification for the highest limits.

This

Question 2

How to set up a digital wallet using Trust Wallet

Accepted Answer

This guide will walk you through the process of setting up a digital wallet. With digital wallets, you can use Checkout and various Web3 services that require you to have one. Follow the steps below to get a digital wallet set up for use.

Download Trust Wallet:

Apple App Store
Google Play Store When you launch the app for the first time, you will be presented with the screen below where you can “Create a New Wallet” or "Import an existing one". For this guide, we will select Create a New Wallet.

In order to proceed, you would need to accept the Terms of Usage. Simply put a checkmark at the box then press Continue.

Make sure to take note of your recovery (seed) phrase. The importance of this step cannot be overstated. Your recovery phrase are the keys to your crypto wallet, so make sure to keep them in a safe place as bad actors who gain access to your recovery phrase can gain control over the wallet's assets. Tap Continue to proceed.

NOTE: Losing your recovery phrases will also mean that you lose access to your wallet.

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Question 3

What is Peachee?

Accepted Answer

At its core, Peachee.xyz serves as a unified swap hub, leveraging industry-leading routing technology to aggregate dozens of swaps in one place, offering users a comprehensive solution for their crypto trading needs. Users can effortlessly search for tokens by name or smart contract address, and swap with just a few clicks, making the platform accessible to both newcomers and experienced traders.

The platform is designed to prioritize user experience, significantly minimizing the learning curve often linked with crypto trading in decentralized finance (DeFi). This design approach allows users to devote their attention to managing their portfolios rather than grappling with the complexities of safely navigating the DeFi space.

In addition to its user-friendly design approach, the platform also offers a convenient fiat-to-native-coin on-ramp, eliminating the need for users to search for native coins elsewhere. This streamlined onboarding process is tailored to accommodate varying KYC requirements based on regional regulations, allowing users to access the platform with ease while ensuring compliance.

Peachee.xyz is a testament to Embr Labs’ commitment to innovation and breaking down barriers to entry in the cryptocurrency and DeFi space. By combining a user-friendly interface, seamless fiat on-ramping, and proprietary payments technology (coming soon), Peachee promises to make accessing and trading crypto more acce

Question 4

What is a Decentralized Exchange (DEX)?

Accepted Answer

A decentralized cryptocurrency exchange (DEX) is a platform that allows users to buy and sell cryptocurrencies without the need for a central authority. This means that the exchange does not hold users' funds, and all transactions are carried out directly between the buyers and sellers.

One of the main benefits of using a DEX is that it offers greater security and privacy compared to a centralized exchange. Because users are in control of their own funds, there is no risk of the exchange being hacked or going bankrupt, which can lead to the loss of funds. Additionally, because there is no central authority, there is less risk of censorship or interference from governments or other third parties.

Another advantage of DEXs is that they offer greater transparency and fairness. Because all transactions are recorded on a public blockchain, anyone can see the details of a trade and verify that it was conducted fairly. This is in contrast to centralized exchanges, which may not be transparent about their operations or may engage in market manipulation.

There are several different types of DEXs, including:

Peer-to-peer (P2P) DEXs: These exchanges allow users to trade directly with each other, without the need for a central authority. P2P DEXs may use a variety of methods to facilitate trades, such as using a third party escrow service or using smart contracts to automate the trade process.
Order book DEXs: These exchanges use an order book to match buyers an

Question 5

What is a digital wallet?

Accepted Answer

Introduction

Digital wallets are the tools used to "store" cryptocurrency and digital assets such as NFTs. There are also physical hardware wallets, also known as "cold storage", but for the purposes of this article, we will solely focus on digital wallets. In order to participate in digital asset trading/collection/etc., you need a digital wallet with which you can store your assets.

Non-Custodial digital wallets such as Metamask and Trust Wallet lead the pack in providing up-to-date technology to connect to dApps (decentralized applications), to "store" your crypto, and own your private keys. Although there are many other options, these two digital wallets are accessible and powerful tools to get started.

How do digital wallets work?

Contrary to popular belief, digital wallets don't truly store digital assets. Instead, they provide the tools required to interact with a blockchain. In other words, these wallets can generate the necessary information to send and receive cryptocurrency via blockchain transactions. Among other things, such information consists of one or more pairs of public and private keys.

The wallet also includes an address, which is an alphanumeric identifier that is generated based on the public and private keys. Such an address is, in essence, a specific "location" on the blockchain to which coins can be sent to. This means you can share your address with others to re

Question 6

How to set up a digital wallet with MetaMask

Accepted Answer

This guide will walk you through the process of setting up a digital wallet. With digital wallets, you can use Checkout and various Web3 services that require you to have one. Follow the steps below to get a digital wallet set up for use.

Download MetaMask Wallet:

Apple App Store
Google Play Store
Chrome Extension

When you first launch the app, you will be presented with the screen below where you can “Create a New Wallet” or "Import an existing one". For this guide, we will select Create a New Wallet.

Create A Password

On the page, you need to create a password for your MetaMask wallet.

Firstly, create a password and enter it in the “New password” field.

Keep in mind that your password needs to contain a minimum of 8 characters.

Next, re-enter your password in the “Confirm password” field.

Then, your need to read and agree to the Terms of Use.

Lastly, click on “Create” to create a password.

Make sure to take note of your recovery (seed) phrase. **The import

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