Mt Pelerin Review: Regulated KYC-Free Crypto Transactions!

As cryptocurrencies were introduced to the world, the new advent brought with it the prospect of exploring different avenues in finance.

Some industries and companies embraced the new technological paradigm while others, to this day, resist it and choose to exist within the antiquated status quo. Mt Pelerin is a company that not only chose to build within the cryptocurrency industry, but intertwined blockchain into the very core of its business.

This Mt Pelerin review delves into the heart of its mission, exploring its innovative approach, commitment to transparency, and the innovative services it offers. From its secure and fully KYC-free crypto transactions to its revolutionary tokenization system, this lesser-known yet bold platform set out to streamline crypto transactions.

Introduction: What is Mt Pelerin?

Mt Pelerin is a Swiss financial technology company that specializes in digital assets and services. It offers a platform for buying, selling, and swapping cryptocurrencies as well as tokenization services, bridging and a self-custodial wallet. 

Mt Pelerin emphasizes regulatory compliance, being fully regulated in Switzerland and aims to bridge traditional finance with blockchain technology. 

Among Mt Pelerin's core principles is the tokenization service that can assist with establishing a purpose-built legal structure for projects looking to tokenize shares, bonds, funds, real estate and more.

Mt Pelerin aims to bridge the gap between cryptocurrencies and real-world assets, facilitating exchanges between the two worlds and enhancing the investment potential of cryptocurrencies. By issuing ERC20 tokens on the blockchain which represent assets, Mt. Pelerin strives to provide a more efficient and transparent tokenization service.

As the company is based in Switzerland and adheres to Swiss regulatory standards, users can rest assured that the platform is secure and compliant with industry regulations, providing users with peace of mind. The company combines traditional finance practices with blockchain technology, offering a unique and innovative approach to digital assets.

Mt Pelerin's History and Founders

Mt. Pelerin was founded in 2018 as a financial technology company in Switzerland. It was established with the mission of building the bank of the future, one that would be entirely built on the blockchain and provide services such as buying, selling, and managing cryptocurrencies, tokenized assets, and fiat currencies.

Mt Pelerin is named after the Mont Pèlerin Society, a group of economists and intellectuals who advocated for free market principles, personal and political liberty, and freedom of expression. The society was founded in 1947 at the first conference organized by Professor Friedrich Hayek on Mont Pèlerin, a small mountain overlooking Lake Geneva.

The founders of Mt Pelerin include:

Arnaud Salomon- CEO and Founder of Mt. Pelerin, a graduate of the EPFL with a Master's in Engineering, and a former commodity and FX trader in Geneva.

Yann Gerardi- CMO, a graduate of HEC Lausanne with a focus on growth and business results.

Sébastien Krafft- CTO, a graduate of Mines ParisTech Grande École, with over 15 years of experience as an IT consultant and software engineer in the banking and finance industry.

Reynald Besson- COO & CCO, a law graduate from Fribourg University and a co-founder of an international luxury eyewear brand.

Mt Pelerin Security

Mt Pelerin prioritizes the security of its platform and its users' assets. To ensure the highest level of protection, Mt Pelerin has implemented a multi-layered security framework that encompasses:

Swiss Regulatory Compliance- Mt Pelerin operates under strict Swiss regulatory standards, ensuring adherence to the latest security and compliance protocols.

Secure Infrastructure- Mt Pelerin's infrastructure is hosted in state-of-the-art data centers with physical and cybersecurity measures to prevent unauthorized access and malicious attacks.

End-to-End Encryption-  All data transmitted and stored on Mt Pelerin's platform is encrypted using industry-leading protocols, ensuring the confidentiality and integrity of sensitive information.

Multi-Factor Authentication- Mt Pelerin employs multi-factor authentication to verify users' identities, adding an extra layer of security to prevent unauthorized access to accounts.

Regular Security Audits- The platform undergoes regular security audits by independent experts to identify and address potential vulnerabilities.

User Privacy

Mt Pelerin understands the importance of user privacy and has implemented measures to protect the confidentiality of its users' information:

KYC-Free Transactions- Mt Pelerin offers KYC-free transactions, allowing users to purchase and trade cryptocurrencies while maintaining their privacy.

Data Protection- Mt Pelerin complies with all applicable data protection regulations, ensuring the secure storage and processing of users' personal information.

Privacy Policy-  Mt Pelerin has a transparent privacy policy that clearly outlines its data collection, use, and disclosure practices.

Mt Pelerin's commitment to security and privacy provides its users with peace of mind, knowing that their assets and information are protected to the highest standards.

Mt Pelerin Products & Services

Here we will break down the current products and services offered by Mt Pelerin.

Buy, Sell, and Swap Cryptocurrencies: No KYC Required! 

Mt Pelerin offers a range of services for buying, selling, and swapping cryptocurrencies. What sets Mt Pelerin apart is its commitment to privacy and its ability to facilitate transactions without requiring users to go through Know Your Customer (KYC) procedures.

This is a game changer as typically, the only platforms that offer KYC-free buying and selling of digital assets are shady offshore unregulated exchanges.

Steps for Buying Cryptocurrencies on Mt Pelerin With No KYC:

1. Create an Account: Visit the Mt Pelerin website and create a free account. No personal information is required for accounts with daily transaction limits below CHF 1,000.
2. Connect a Wallet: Link a self-custodial crypto wallet to your Mt Pelerin account. This wallet will serve as the destination for your purchased cryptocurrency.
3. Fund Your Account: Transfer fiat currency to your Mt Pelerin account via bank transfer. Mt Pelerin supports a range of fiat currencies, including CHF, EUR, GBP, and USD.
4. Select the Cryptocurrency: Choose the cryptocurrency you want to purchase from the list of supported coins.
5. Set the Amount: Enter the amount of cryptocurrency you wish to buy.
6. Confirm the Transaction: Review the transaction details and confirm the purchase.
7. Receive Your Crypto: The purchased cryptocurrency will be credited to your connected wallet within a short period.

Note:

• Transactions below CHF 1,000 per day are processed automatically without KYC.
• For higher transaction amounts or suspicious activities, Mt Pelerin may require KYC verification.

Selling cryptocurrencies on Mt Pelerin is equally simple and can also be done without KYC for amounts under CHF 1,000 per day. Connect your wallet to the platform, select the amount of crypto you want to sell, and confirm the transaction. The proceeds of the sale will be credited to your bank account in the selected fiat currency.

Steps for Selling Cryptocurrencies on Mt Pelerin With No KYC:

1. Connect Your Wallet: Link your self-custodial crypto wallet to your Mt Pelerin account.
2. Select the Crypto: Choose the cryptocurrency you want to sell from your wallet's holdings.
3. Set the Amount: Specify the amount of cryptocurrency you wish to sell.
4. Choose Fiat Currency: Select the fiat currency you want to receive in exchange. Mt Pelerin supports multiple fiat currencies.
5. Confirm the Transaction: Review the details of the transaction and confirm the sale.
6. Receive Your Funds: The proceeds from the sale, in your chosen fiat currency, will be directly deposited into your connected bank account.

Note:

• No KYC for Small Sales: Sell cryptocurrency up to CHF 1,000 daily without KYC requirements.
• Trading Fees: Mt Pelerin charges competitive trading fees, which vary depending on market conditions and the cryptocurrency being sold.
• 24/7 Support: Mt Pelerin offers 24/7 customer support to assist with any queries or issues you may encounter during the selling process.
   

Swapping cryptocurrencies with Mt Pelerin is a seamless and efficient process, providing users with a user-friendly platform and a range of benefits.

• Swift and Hassle-Free: Mt Pelerin's intuitive interface and streamlined process make swapping cryptocurrencies a quick and effortless experience.
• Unparalleled Security: Mt Pelerin's strict adherence to Swiss regulatory standards ensures the utmost security for your digital assets during the swapping process.
• Convenient KYC Threshold: Mt Pelerin allows users to swap up to CHF 1,000 worth of cryptocurrency daily without KYC requirements, providing a convenient option for users seeking privacy.

Although convenient as it is fast, and can be done without going through KYC hassles, frequent traders will likely want to avoid using Mt Pelerin for swaps as the fees are higher than the likes you will find on major crypto exchanges such as Binance, Bybit, Kraken, etc.

Swap fees start at 0.5% above CHF 500, so you are certainly paying for this level of service and convenience. 

Steps for Cryptocurrency Swapping on Mt Pelerin:

1. Link Your Wallets: Connect your self-custodial wallets holding the crypto assets you want to swap.
2. Select Swap Option: Choose the "Swap" feature within the Mt Pelerin platform.
3. Choose Cryptocurrencies: Specify the cryptocurrency you want to swap and the cryptocurrency you want to receive.
4. Enter the Amount: Indicate the amount of cryptocurrency you wish to swap.
5. Review and Confirm: Check the transaction details, including the estimated exchange rate and any applicable fees.
6. Execute the Swap: Confirm the swap transaction. Mt Pelerin's secure system will facilitate the exchange of cryptocurrencies.
7. Receive Your Swapped Crypto: The swapped cryptocurrency will be deposited into your designated wallet

Bridge Wallet

The Bridge Wallet is a secure mobile app that allows users to manage their cryptocurrencies and tokens. It is a non-custodial app, which means that users have full ownership and control of their funds. The Bridge Wallet supports the storage and transactions of various digital currencies, including MPS tokens, ERC20 tokens, and Bitcoin via Rootstock.

The Bridge Wallet is designed to be user-friendly and provides features such as:

• Hierarchical deterministic account generation
• Support for multiple sub-accounts
• The ability to buy, swap and sell from within the wallet
• Standing orders- Set up auto purchases of crypto from your bank, making self-custodial DCA easy.
   

The Bridge wallet allows users to switch between different blockchains and get involved with their ecosystems. Current blockchains supported are:

• Bitcoin/Bitcoin Lightning Network
• Ethereum/Arbitrum/Base/Optimism/zkSync
• Avalanche
• BNB Chain
• Gnosis Chain
• Polygon
• Rootstock
• Tezos

Thanks to WalletConnect, users are also able to access multiple DeFi applications. 

Mt Pelerins Bridge Wallet is also a great way to interact with tokenized assets such as MPS Share-tokens and other digital securities issued on the Bridge Protocol, asset tokenization platform. 

Bridge Protocol- Asset Tokenization

The Mt Pelerin Bridge Protocol is designed for the issuance of compliant security tokens, asset-backed tokens, and fiat currency tokens. This protocol enables the tokenization of real-world assets, such as shares, bonds, and real estate, making them more accessible and tradable.

The Bridge Protocol is designed to comply with regulatory requirements and supports a wide range of features, including:

• Voting and dividend distribution
• Asset freezing
• Conditional transferability restrictions
• Conditional rights
• KYC compliance and whitelisting

Mt Pelerin led by example and offered equity in their company in the form of MPS tokens and also tokenized fiat currencies, such as CHF and EUR, making progress towards an on-chain tokenized future.

The Bridge Protocol is a non-custodial framework that allows users to interface with and manage on-chain assets that must comply with compliance rules, such as tokenized securities and shares. 

Users can utilize Bridge Protocol to set up and deploy securities on the blockchain to create a security token in minutes. Security tokens can be deployed on Ethereum, BNB Chain, Polygon, Gnosis Chain and any EVM-compatible blockchain. With Bridge Protocol, users can also re-use previous deployments to minimize gas costs, access quick token configuration, create token lots and schedule token sales. 

And because crypto/security regulations are ever-evolving, Bridge Protocol makes it easy for issuers to add or remove rules quickly, comply with multiple jurisdictions and customize their tokenized securities to comply with evolving regulatory requirements. 

There are currently 431 live assets using the Bridge Protocol and as we trend more towards the tokenization of securities, it is a trend that is likely to continue. 

Bridge Assets

Okay, I know the whole Bridge thing on Mt Pelerin is a bit confusing. The wallet is called the Bridge Wallet, Bridge Protocol is for the tokenization of shares, and users can also bridge assets directly from within the Bridge Wallet or by connecting to their wallet on the Bridge section of the Mt Pelerin site.

Users can Bridge assets across multiple chains in just a few clicks with low fees using their self-custodial wallets, it doesn’t just support the Bridge Wallet.

Bitcoin, as an example, can be swapped for WBTC, BTCB, RBTC, tzBTC or Lightning Sats.

Ethereum, WETH, USDC and USDT can be bridged to Arbitrum, Base, BNB Chain, Gnosis Chain, Optimism, Polygon and zkSync.

Benefits of KYC-Less Transactions

There are many benefits to being able to trade without KYC and despite what the regulators would have you believe, it isn’t just criminals who seek KYC-free trading. 

Many believe financial privacy should be a fundamental human right, which is why there are so many advocates for cash, privacy coins, and the self-custody of gold. Many feel that it's nobody's business where and how we spend our money, either online or in the physical world. 
 

It isn’t only the financial freedom aspect of it either, but also the convenience. If someone wants to trade a few dollars worth of Doge, is it really worth the hassle of going through a multi-day KYC and ID verification process? 

Here are some of the highlights of trading on Mt Pelerin:

• Enhanced Privacy- KYC-less transactions protect your privacy by eliminating the need to disclose personal information when buying, selling, or swapping cryptocurrencies.
• Faster Transactions- Transactions without KYC are typically faster as they do not require manual verification of your identity.
• Greater Accessibility- KYC-less transactions make it easier for individuals who may not have access to traditional banking services to participate in the cryptocurrency market.

Limits and Considerations

While Mt Pelerin allows for KYC-less transactions under certain limits, it's important to note that higher transaction volumes or suspicious activities may trigger KYC verification requirements. Additionally, some countries or regions may have their own regulations regarding KYC requirements for cryptocurrency transactions.

MPS Shares

In 2018, Mt Pelerin launched MPS shares, the world’s first tokenized shares, offering users the ability to become shareholders and owners of Mt Pelerin Group SA. 

Holders of the MPS tokenized shares are given rights such as voting on agenda items, earning dividends, reduced fees, higher free transaction volumes, and boosted earnings on referrals. 

Circulating MPS tokens can be transferred without restrictions and are bought and sold on decentralized exchange platforms Sushiswap (xDai), Balancer V2 (Gnosis) and Uniswap V2 (Ethereum)

Shareholders can also have their shares un-tokenized to convert share tokens into bankable shares with a Swiss ISIN code, which can be deposited in a securities account in a bank.

Community Reviews & Customer Support

Mt Pelerin has great reviews on Trust Pilot with an impressive 4.7-star rating with 90% of users giving it 5 stars while the Bridge Wallet has a 4.1-star rating on the App Store and a 3.8-star rating on Google Play.

Stand-out comments are praises for ease of use, convenience and satisfaction with customer support, which is offered in English, French, German, Portuguese, Spanish, and Italian. 

Support is available via email or a “Contact us” form on the site. A support member typically responds in a timely manner and the team can also be reached via:

• X
• Discord
• Meta
• LinkedIn

Mt Pelerin Review: Conclusion

There is a lot to like here about Mt Pelerin. When they first came across our radar, we were surprised at how relatively unknown they are as they offer a suite of great products and services that aren’t found in many places, and certainly never under one roof. 

The key benefit here for the average retail user is the ability to not only buy and swap crypto from directly within the Bridge wallet or other wallets you connect to the Mt Pelerin site without undergoing KYC, but also the ability to actually sell crypto for fiat from directly in the Bridge wallet and cash out to your bank account. This is incredibly convenient, and the fact that Mt Pelerin is fully licensed and regulated in Switzerland adds another level of security and confidence. 

Then there is the one-stop Bridging service that allows for bridging multiple assets across multiple blockchains and the Bridge Protocol that allows for the tokenization of securities in a fully trustless manner. We are seeing more companies take this route, such as the Exodus Wallet, which tokenized their shares in 2021. This is a trend we are likely to see increase.

The Mt Pelerin platform is one of the most seamless places to bridge and buy crypto as well. The ability to purchase stablecoins on multiple different L2s and have them deposited into your wallet saves the time and hassle of having to use bridging protocols.