[ANN] Im happy to announce the official launch of PNNV.com

[agentF]

Could you share your thoughts with me?

Are you 100% sure there will be NO KYC when using changeNOW exchange page on your website?
I know other services who are using the same exchange and people reported cases of customers getting coins frozen, than they needed to submit identification documents, and same thing is written on their website:
https://changenow.io/faq/kyc-aml-procedure

More information about this on kycnot.me website:

ChangeNow may request KYC. Although KYC is not mandatory to use the service, ChangeNow reserves the right to require KYC for a certain user at a certain moment and may block funds. May be that a transaction is detected as suspicious or any other reason.

https://kycnot.me/exchange/changenow

Im 100% sure.

I use my own company, i receive the funds and use their API to change to the relevant token.
my company is KYC'ed.

[1714530756]

1714530756

[1714530756]

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[awex]

Could you share your thoughts with me?

Are you 100% sure there will be NO KYC when using changeNOW exchange page on your website?
I know other services who are using the same exchange and people reported cases of customers getting coins frozen, than they needed to submit identification documents, and same thing is written on their website:
https://changenow.io/faq/kyc-aml-procedure

More information about this on kycnot.me website:

ChangeNow may request KYC. Although KYC is not mandatory to use the service, ChangeNow reserves the right to require KYC for a certain user at a certain moment and may block funds. May be that a transaction is detected as suspicious or any other reason.

https://kycnot.me/exchange/changenow

Im 100% sure.

I use my own company, i receive the funds and use their API to change to the relevant token.
my company is KYC'ed.

As far as I know, it could be possible for certain transactions based on the amount. Up to €1000 or something if an individual or a business is located in the EU. However, the payment provider can ask you for additional info if it finds your transaction suspicious.
I mean, it would be cool to keep crypto payments in the No-KYC zone, but reality stands for the opposite.

[agentF]

Please read the recent update reviews here:


https://bitcointalk.org/index.php?topic=5427902.0

[LoyceV]

I use my own company, i receive the funds and use their API to change to the relevant token.
my company is KYC'ed.

Won't that get you into trouble at some point? It will depend on where you are, but I've read stories about convictions for operating an unlicensed money transmitting business. Unless you're registered to do so, but in that case wouldn't you be the one to require KYC from your users?

[agentF]

I use my own company, i receive the funds and use their API to change to the relevant token.
my company is KYC'ed.

Won't that get you into trouble at some point? It will depend on where you are, but I've read stories about convictions for operating an unlicensed money transmitting business. Unless you're registered to do so, but in that case wouldn't you be the one to require KYC from your users?

Hey LoyceV,

Thanks for your reply, that's a really good questions.

So the way it works, it's pretty simple, changenow own the license for the exchange.

My company is KYC'ed with changenow, their license allows them to exchange crypto. you are correct at some point it might raise questions, however, im planning to switch to 1inch solution which is DEX.

[dkbit98]

My company is KYC'ed with changenow, their license allows them to exchange crypto. you are correct at some point it might raise questions, however, im planning to switch to 1inch solution which is DEX.

I wouldn't say that 1inch is really a Dex exchange, and people won't be able to exchange and swap real Bitcoin but only tokens built on various centralized blockchains.
Maybe you could consider using atomic swaps instead, or use something that is connected with Bisq and other p2p trading platforms.

You don't have to be precise, but if it's not a secret can you tell us how much coins/money got exchanged using PNNV website through ChangeNow?

[agentF]

My company is KYC'ed with changenow, their license allows them to exchange crypto. you are correct at some point it might raise questions, however, im planning to switch to 1inch solution which is DEX.

I wouldn't say that 1inch is really a Dex exchange, and people won't be able to exchange and swap real Bitcoin but only tokens built on various centralized blockchains.
Maybe you could consider using atomic swaps instead, or use something that is connected with Bisq and other p2p trading platforms.

You don't have to be precise, but if it's not a secret can you tell us how much coins/money got exchanged using PNNV website through ChangeNow?

While I got excellent growth per month, I constantly working on my backlinks, working on keywords, and plenty of users on my live monitor - which I continuously improve.
Im working on creating my API instead of using others.

My exchange is not officially live yet, i got only a few exchanges made so far.

[dkbit98]

My exchange is not officially live yet, i got only a few exchanges made so far.

Can I make one suggestion that could improve your statistics, give you more exposure, and get more people using the exchange part of your website?
Maybe think about contacting kycnot.me website and see if they can review your website/exchange, rate it and list on their website.
There is already ChangeNow exchange listed with rating 7/10, but you are using different approach and you are not asking for any KYC.

Listing request page:
https://kycnot.me/generator?type=Exchange

[hugeblack]

My company is KYC'ed with changenow, their license allows them to exchange crypto. you are correct at some point it might raise questions, however, im planning to switch to 1inch solution which is DEX.

I do not think it will raise questions, but what you are trying to present is closer to a money laundering service. It is better for you to hire or ask a legal advice office before continuing to provide such a service.

It may also lead to size your company and thus force you to disclose all user data and transfers that they have made, or they will force Changenow to do it, so in all cases you and the users may be harmed.

To avoid all of this, set the condition that KYC cannot be requested for transactions below $2,000.

[agentF]

My company is KYC'ed with changenow, their license allows them to exchange crypto. you are correct at some point it might raise questions, however, im planning to switch to 1inch solution which is DEX.

I do not think it will raise questions, but what you are trying to present is closer to a money laundering service. It is better for you to hire or ask a legal advice office before continuing to provide such a service.

It may also lead to size your company and thus force you to disclose all user data and transfers that they have made, or they will force Changenow to do it, so in all cases you and the users may be harmed.

To avoid all of this, set the condition that KYC cannot be requested for transactions below $2,000.

I got you, im actually working on a better solution only it's not easy to find without the "connect wallet" option.

[Stedsm]

Your website seems to be a detailed version of the so-called preev.com, much better than it TBH so hats off for bringing it up.

However, even after being a mobile friendly website, I saw that it didn't update the price for around 2-3 minutes (I mean, it's not as "live" as it claims to be).
Is there any glitch or is there something wrong with my browser(s)? Tried this on Chrome and Brave browser, both have the same issue.

[virasog]

Your website seems to be a detailed version of the so-called preev.com, much better than it TBH so hats off for bringing it up.

However, even after being a mobile friendly website, I saw that it didn't update the price for around 2-3 minutes (I mean, it's not as "live" as it claims to be).
Is there any glitch or is there something wrong with my browser(s)? Tried this on Chrome and Brave browser, both have the same issue.

Just come here to read any update on PNNV and found this post. I never notice this glitch and if the price was delayed by two to three minutes, many more people would have complained about it.

I just checked both sites at the same time and got almost similar results.

Preev.com


PNNV.com

[Saisher]

Just come here to read any update on PNNV and found this post. I never notice this glitch and if the price was delayed by two to three minutes, many more people would have complained about it.

I just checked both sites at the same time and got almost similar results.

I think they fix it now by checking Preev and PNVV they show almost the same results but between the two I prefer PNVV over Preev because Preev is blocked by my anti-virus and this is not good for the site's reputation.
I've been a long-time user of Preev but your site offers better security and a better interface and of course, they have very active support here which is good for a platform like this.

[agentF]

Yes,

Im constantly fixing the website!

furthermore, i got more than 310K monthly users.

[TryNinja]

Could you add the "satoshis" denominator for Bitcoin? I've been using a wallet that ONLY shows my balance in satoshis, and while I understand their reasoning, it's honestly a pain in the ass to convert it to BTC units and then dollars all the time.

[coin-investor]

Yes,

Im constantly fixing the website!

furthermore, i got more than 310K monthly users.

That's a huge achievement because your site is serving a huge community, this is the kind of tool that everyone needs I am a long-time user of Preev but now it's being an unsecured site makes it not worth visiting, I guess your timing to launch was good when Preev is offline, you filled the void during that time, and your early users stay on that is why you have a good flow of visitors.

[agentF]

Could you add the "satoshis" denominator for Bitcoin? I've been using a wallet that ONLY shows my balance in satoshis, and while I understand their reasoning, it's honestly a pain in the ass to convert it to BTC units and then dollars all the time.

Hey!

We do have a support for satoshis.

https://imgur.com/CexL3Ur

[TryNinja]

We do have a support for satoshis.

https://imgur.com/CexL3Ur

Oh, nice. From my experience a few years ago, some wallets used uBTC as a unit for 100 satoshis (0.000001 BTC), so I got confused. I should have tried first.

[hugeblack]

We do have a support for satoshis.

It is better to give an explanation of the smaller units of bitcoin so that it is not misleading.
Are there plans to make the code open source and thus help you in development and for everyone to host the site himself if any problem occurs.

Oh, nice. From my experience a few years ago, some wallets used uBTC as a unit for 100 satoshis (0.000001 BTC), so I got confused. I should have tried first.

There are some units smaller than the satoshi that we are beginning to see in the Lightning Network. The matter will be complicated in the future if the price of bitcoin exceeds 100K.

[agentF]

We do have a support for satoshis.

It is better to give an explanation of the smaller units of bitcoin so that it is not misleading.
Are there plans to make the code open source and thus help you in development and for everyone to host the site himself if any problem occurs.

Oh, nice. From my experience a few years ago, some wallets used uBTC as a unit for 100 satoshis (0.000001 BTC), so I got confused. I should have tried first.

There are some units smaller than the satoshi that we are beginning to see in the Lightning Network. The matter will be complicated in the future if the price of bitcoin exceeds 100K.

Yes!

Currently im working on my own API as it's not easy task to collect data from each exchange.
Different API's, but we are working on it.