P2P Trade offers to hold your cryptocurrency in escrow while a stranger pays you. It does not say who holds it.
| App | P2P Trade |
| Package | com.p2p.u2trades |
| Developer shown | Twendee — legal name LE VAN HUNG |
| Developer address | Vietnam — no street address |
| Contacts | develop@twendeesoft.com · support listed as nick@lazy-research.com |
| Website | u2trades.com |
| Installs / rating | 10,000+ · 4.4 stars from 17 reviews |
| Play category | Finance |
| Last updated | 3 September 2025 — about 12 months stale |
| Data safety | “No data collected” |
Escrow, but whose?
The listing promises “Escrow Protection — Your funds are protected in escrow until both parties confirm the trade, ensuring peace of mind” and “Top-Grade Security — KYC by trusted platform, two-factor authentication (2FA), and end-to-end encryption”. No escrow provider is named. No custodian is named. The KYC is performed by a “trusted platform” that is never identified. Escrow is a legal relationship with a named party; without one, the promise has nothing behind it.
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It collects nothing, and also does KYC
The Data safety section declares “No data collected”. The same listing advertises KYC identity checks and two-factor authentication. Identity verification is, by definition, collecting identity documents. One of those two statements is wrong, and it is not the one about KYC.
Four identities for one app
The store name is Twendee. The legal developer is LE VAN HUNG, located only as “Vietnam”. The developer email is at twendeesoft.com, the listed support contact is at lazy-research.com, and the website is u2trades.com. Four unrelated names across one listing, with no street address anywhere, means there is no single party you could pursue if a trade went wrong.
PayPal for crypto, and a stale listing
It promotes payment “using a variety of local and global payment methods—bank transfers and PayPal”. PayPal’s terms do not permit peer-to-peer cryptocurrency purchases, and paying for crypto by PayPal is a well-known chargeback trap for the seller. The listing also has not been updated since 3 September 2025 — roughly twelve months — and carries only 17 ratings against 10,000+ installs.
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What we verified
- Play listing shows “About this app”, category Finance, 10,000+ installs, last updated 3 September 2025 (checked 24 September 2026).
- Advertises “Escrow Protection” and “KYC by trusted platform” without naming any escrow provider, custodian or KYC provider.
- Data safety declares “No data collected” on a listing that advertises KYC and 2FA.
- Four identities appear: store name Twendee, legal name LE VAN HUNG (“Vietnam”), develop@twendeesoft.com, nick@lazy-research.com, site u2trades.com.
- Promotes PayPal as a payment rail for peer-to-peer crypto trades.
This is not a finding of fraud. But peer-to-peer trading puts your coin in someone else’s hands for a period, and the only thing that protects you is a named escrow agent you can hold responsible. This app advertises the protection and withholds the name.
