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Author Topic: NoOnes P2P exchange  (Read 115 times)
dkbit98 (OP)
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May 28, 2024, 08:17:42 AM
Last edit: May 29, 2024, 03:21:40 PM by dkbit98
Merited by klarki (11), Learn Bitcoin (1)
 #1

Many p2p exchanges are shutting down their business or they made drastic changes due to latest regulations, but new p2p exchange recently appeared to fill the gap.
CEO of NoOnes is one of the Bitcoin OG's Ray Youssef who was co-founded of Paxful exchange.
It is easy to register account at NoOnes and there is no mandatory kyc verification if you are trading daily up to $700.



You can Buy and Sell Bitcoin P2P with more than 450 payment methods, you can trade bitcoin with altcoins, buy gift cards and soon virtual cards.
Lightning network is supported, they recently added support for Monero, and there is over 1,656,740 register accounts so far.
Marketplace Trading Volume for last 24h is almost $3 million and monthly volume is already round $100M!
If you are coming from Binance exchange you can easily import your feedback.

Like with any p2p exchange you should be careful with scammers, and read the terms before signing up, there are some restricted countries:

Quote
Due to regulatory restrictions, Noones is not offering any services for users from the following countries.

Access for users from the following countries is blocked on Noones:

Cuba
Iran
Northern Korea
Russia
Syria
United Kingdom
Canada
Japan
USA
Commonwealth of the Northern Mariana Islands
Guam
Puerto Rico
U.S. Virgin Island
UAE

Countries That Require ID Verification:
Quote
Based on where they live, some users are required to verify their identity. The following countries have mandatory ID verification to use Noones account:

Afghanistan
Belarus
Bosnia and Herzegovina
Burundi
Central African Republic
Democratic Republic of the Congo
Guinea
Guinea-Bissau
Haiti
Iraq
Lebanon
Libya
Mali
Moldova
Myanmar (Burma)
Nicaragua
Somalia
South Sudan
Sudan
Tunisia
Turkey
Ukraine
Venezuela
Yemen
Zimbabwe

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May 28, 2024, 08:54:45 AM
 #2

The exchange is no more new, it was founded in 2023. If you remember the time Paxful closed down, it was not long when Ray Youssef created NoOnes exchange. Recently, the CEO talked about P2P transactions in Nigeria which I referred to it:

The CEO of one of NoOnes who was the former CEO of Paxful, Ray Youssef said so. That crypto trading in Nigeria is 10x more than what is reported which are on centralized exchanges. That most crypto trading takes place on WhatsApp, Telegram, coffee shops and everywhere on the streets.

If you want to create ad on the site, you will need to get verified with ID documents and phone number. If you are the type that only buy and sell, you will see this:



I do not see this exchange more than how paxful is. You can see that he copied a lot from paxful except the user interface. The currencies supported and bitcoin lightning network are all just like it is on Paxful. I can remember that I have exchanged on Paxful like this before without KYC requirements until they finally requested for KYC compulsorily. That is just how NoOnes would be.

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May 28, 2024, 09:29:48 AM
 #3

The exchange is no more new, it was founded in 2023. If you remember the time Paxful closed down, it was not long when Ray Youssef created NoOnes exchange.
I never heard about it until recently, but 2023 is still new for p2p exchange.
I can't compare it with Paxful because I never used that exchange, but I don't think they ever offered virtual cards and monero.

I do not see this exchange more than how paxful is. You can see that he copied a lot from paxful except the user interface. The currencies supported and bitcoin lightning network are all just like it is on Paxful.
They don't need to invent wheel all over again, we can say the same for most p2p exchanges, and it's nothing strange to see similarities when we know Youssef was ex co-founded  of Paxful.

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May 28, 2024, 03:42:59 PM
 #4

there is no mandatory kyc verification if you are trading daily up to $700.
Unfortunately, that's going to only last for a couple of weeks before an active trader hits their "$10k lifetime limit for trade volume" and for trades involving Crypto to fiat [or vice versa], some countries have "mandatory ID verifications".
- From what I'm seeing, there's still a chance for those who belong to the restricted countries to exploit legal loopholes and things like that usually don't end well for such platforms (regardless of that, it's an interesting platform and I hope they can handle all of the pressures).

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May 28, 2024, 04:48:26 PM
 #5

I am happy about this, but this is not because I do not have many options for my P2P exchange but the way my country's government is threatening the P2P initiative and blaming the woes of the national currency on it. Can you imagine? For this, it is good for me to have the knowledge of as many as possible P2P services should in case they start their charade again trying to blame something else for their failure. I hope they do not push us too much to the point that we get angry.

As for NoOnes, it will not be long before they start asking for the KYC upon registration, they are still looking for customers in my opinion. Also, one thing I do not like about the kind like NoOnes is that they have too many charges. This is unlike the exchanges' P2P which would be done without charging you extra fees.

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May 28, 2024, 09:29:30 PM
 #6

I can't compare it with Paxful because I never used that exchange,

I'm the same but even with the limited information I know, I would say noones is a lot better than paxful as they appear to be less strict 🤔

1. Paxful has a much larger list of restricted countries, see: https://support.paxful.com/support/solutions/articles/150000104143-restricted-locations

2. Mandatory KYC + non competitive limits for ID verification, see: https://support.paxful.com/support/solutions/articles/150000104290-limits-and-verification



In case someone's gonna KYC, might as well make the most out of it. Most exchanges would have higher limits with ID + selfie.

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May 28, 2024, 11:24:59 PM
 #7

The exchange is no more new, it was founded in 2023. If you remember the time Paxful closed down, it was not long when Ray Youssef created NoOnes exchange.
if I recall very well. There was a time Paxful announced "shut down of their business" only to change their minds later. Around that very time, one of the cofounders decided to go solo and create NoOnes which he promised would be decentralized and a strong advocate for trader privacy but as far as things seem to be going, mandatory KYC verification is inevitable at NoOnes.

I am happy about this, but this is not because I do not have many options for my P2P exchange but the way my country's government is threatening the P2P initiative and blaming the woes of the national currency on it. Can you imagine? For this, it is good for me to have the knowledge of as many as possible P2P services should in case they start their charade again trying to blame something else for their failure. I hope they do not push us too much to the point that we get angry.
Out of curiosity, how do you guys sell and buy Bitcoins, given that your Government decided to ban p2p trading?

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May 29, 2024, 03:20:04 PM
 #8

Unfortunately, that's going to only last for a couple of weeks before an active trader hits their "$10k lifetime limit for trade volume" and for trades involving Crypto to fiat [or vice versa], some countries have "mandatory ID verifications".
Sure, big traders need to pass verification eventually but I don't think their verification system is so strict like on big centralized exchanges, maybe there is no selfie.
It would be good to hear experience from people who registered and who are constantly using this exchange.
There are several loopholes with different IP addresses but there is always risk with doing that.


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May 30, 2024, 11:58:16 PM
 #9

I am happy about this, but this is not because I do not have many options for my P2P exchange but the way my country's government is threatening the P2P initiative and blaming the woes of the national currency on it. Can you imagine? For this, it is good for me to have the knowledge of as many as possible P2P services should in case they start their charade again trying to blame something else for their failure. I hope they do not push us too much to the point that we get angry.
Out of curiosity, how do you guys sell and buy Bitcoins, given that your Government decided to ban p2p trading?
Although there are threats from the government here and there to many companies offering P2P despite not having jurisdiction over them. I also heard and read that they've written threat letters to all possible platforms offering P2P all over the world, but in all, it is Binance and OKX (which has a presence in the country) yielded. Others dare them and currently still offering their P2P service to the citizens of my country.

I possibly do not know how the government could be so naive to think that they can threaten external companies when you have nothing to hold against them. They want to force us to use the local exchangers (not exchanges this time) which is extorting. I don't think anyone will yield to that. You can imagine exchanging your money with an insane spread that could have claimed over 10% of the money. People are not even looking towards that angle and thanks to the adamant exchanges that never listened to the threat of the government. They banned the websites of the exchanges through the ISP in the country but their gullibility did not make them look towards the apps that are still working fine. Grin

Well, that's the case for now, it could get worse later. Cheers!

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#SWGT CERTIK Audited


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May 31, 2024, 04:47:22 AM
 #10

Thanks for sharing this dkbit98

I am glad that I am not from any of those restricted countries. It is good to know that the owner is someone known. I heard about an Exit scam of a CEX last week, and I wondered how they do it when most team members are usually known. One question raised in my mind is, I can see that they do not allow members from the US, but I have a friend who lives in the US, but he was using Paxful all the time. Didn't Paxful restrict US users as well?

You did not provide the link to the website, bro. I know I can search online but not rely on search engines. Sometimes, phishing appears as the first result, and the original appears in the second and third. Or is there anything in the QR code you shared?

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May 31, 2024, 09:34:49 AM
 #11

if I recall very well. There was a time Paxful announced "shut down of their business" only to change their minds later. Around that very time, one of the cofounders decided to go solo and create NoOnes which he promised would be decentralized and a strong advocate for trader privacy but as far as things seem to be going, mandatory KYC verification is inevitable at NoOnes.
Moreover, all the old Paxful users became NoOnes users automatically. Even the passwords remained the same. Except for the users from the countries which were not banned at Paxful at that moment and were not welcome on NoOnes from the beginning. (I have a Russian passport, and this is my case. I got a notification that my account had been transferred, but I wasn't able to log in because of restricted jurisdiction.)
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