How Are My Funds Protected?

Your money is held in your own account — not by Peanut. Only you can move your funds, using your device's biometric authentication (fingerprint or face). Peanut never has access to your keys or your money. Even if Peanut's servers go down, your funds remain accessible.

How It Works

Your Peanut account is backed by a personal smart account on the Arbitrum network. Your private key is generated from your device's biometric (fingerprint or face), sealed in your device's Secure Enclave, and never sent to Peanut's servers. Every transaction requires your biometric authentication — no one can move your funds without your physical device and your fingerprint or face.

What Peanut Cannot Do

• Cannot access your funds — your money is in your own account, not Peanut's
• Cannot freeze your account — there is no mechanism for Peanut to block your access
• Cannot reverse transactions — completed transactions are final
• Cannot see your identity documents — verification is handled by a certified third-party provider; Peanut only receives a yes-or-no result

If you use the Peanut Card, one nuance applies to the slice of your balance that backs the card — see the next section.

If You Use the Peanut Card

The Peanut Card is in closed beta, rolling out gradually through a waitlist. Check if you're eligible to skip the waitlist at peanut.me/shhhhh.

The card adds one nuance to the custody model above. Your balance lives in your own passkey-controlled smart account on the Arbitrum network, and Peanut never holds your money. To make card payments instant, only up to your card limit is parked in a dedicated collateral contract managed by our card issuer; everything above the limit never leaves your account. Moving money out of collateral takes two signatures: yours (your passkey, so no one can move it without you) and the card issuer's co-signature (which lets the issuer honor card payments already in flight). Everything else on this page applies unchanged to the rest of your balance. See The Peanut Card for how the card works.

What Happens If Peanut Goes Down

Your funds are safe. Your account exists independently on the Arbitrum network. If Peanut's app becomes unavailable, you can access your funds directly using any compatible wallet application — you are not locked in.

Authentication

Peanut uses passkey authentication — no passwords, no traditional two-factor authentication. Your passkey is:

• Generated from your device's biometric (fingerprint or face)
• Sealed in your device's Secure Enclave — never exported, never touches Peanut's servers
• Synced across devices via iCloud Keychain (Apple) or Google Password Manager (Android)

Every transaction requires a fresh biometric verification. Someone would need physical access to your device and your fingerprint or face to authorize any action.

Identity Verification

Verification is handled by a certified third-party provider (SOC 2 Type 2, GDPR-compliant, ISO 27001). Your identity documents are stored by this provider, not by Peanut. Peanut only receives the result of your verification — approved or rejected.

Data Protection

• Limited sharing — your data is only shared with the third-party providers needed to run the service, never sold and never shared beyond what's required to operate
• Encryption — passkey uses NIST P-256 Elliptic Curve cryptography