Heat peanut oil in wok or large frying pan on medium to high heat. When the oil starts to simmer add the peanuts and cook for one minute stirring constantly. Then turn the heat down to medium and then fry to another 7-10 minutes until they are a deep golden brown.
On a pan lined with paper towels, cool the peanuts completely, at least 20 minutes.
Once they are cooled put the peanuts in a food processor, add honey and salt, and blend until creamy, 5 minutes, remembering to scrape down the sides.