PNNV.com - instant exchange!

[agentF]

I'm the founder of PNNV.com - you can read all about it in the original thread.

Now, you can exchange crypto on any chain without connecting your wallet!

BSC to ETH, BTC to ETH - almost every chain.


Please check out: https://pnnv.com/

Could you share your thoughts with me?

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[100bitcoin]

Great progress.

By the way, why should people use your exchange instead of ChangeNOW?

Also, it seems, the Buy/Sell Crypto part is not working.

[agentF]

Great progress.

By the way, why should people use your exchange instead of ChangeNOW?

changeNOW require KYC at some point. but you may use whatever suits you mate!

[Potato Chips]

For starters I would put a disclaimer or some sort that it's powered by changenow so that if any problem comes up, people are likely to contact them. It'll be also nice if the fact about them being able to request KYC any time is put out there.

Misc: I'm not sure if it's just me but I have habit of clicking the website logo if i wanna be redirected to homepage again which I can't seem to do on your website. A lot of websites works like this so I believe it'll be a nice quality of life update.

[agentF]

For starters I would put a disclaimer or some sort that it's powered by changenow so that if any problem comes up, people are likely to contact them. It'll be also nice if the fact about them being able to request KYC any time is put out there.

Misc: I'm not sure if it's just me but I have habit of clicking the website logo if i wanna be redirected to homepage again which I can't seem to do on your website. A lot of websites works like this so I believe it'll be a nice quality of life update.

I don't need to disclaimer as I have full access to solve any problem that may occur.

I DO NOT REQUIRE KYC AND WILL NEVER ASK FOR IT.

If you use chagneNOW they may ask for it not on my platform.

[PX-Z]

If you use chagneNOW they may ask for it not on my platform.

How is it possible, you are using their api yet their terms/rules is not applied on your platform, particularly incase for kyc purposes.

Btw the navbar with the "exchange rate" and dark/light mode is not inline on the settings. This is in mobile mode. It looks like the it is heavily stuffed there.

[Potato Chips]

I don't need to disclaimer as I have full access to solve any problem that may occur.

I DO NOT REQUIRE KYC AND WILL NEVER ASK FOR IT.

If you use chagneNOW they may ask for it not on my platform.

I remember trezor also partnered with changenow, integrated their exchange in their platform and had a stance of no-responsibility hence why I assumed.

Could you tell us more about how this partnership (in your case) works? Am I correct to assume that user deposits go to a non-changenow handled wallet? Would it not be possible for changenow to collect user data from ppl who use your exchange? by user data, I do not necessarily mean personal documents as it could also be addresses used.

[TryNinja]

I don't need to disclaimer as I have full access to solve any problem that may occur.

Aren't you just using their API?

I recall a similar service (I think it was Changelly) in which the third party managing the exchange withheld someone's coins and started demanding KYC. You don't actually have full access if you don't own the keys of the wallets.

[Little Mouse]

what's the maximum limit or minimum? Or, there's no maximum limit? I can't see any info written there. I think you should add that info somewhere so that people don't get confused. There are exchanges that share their reserve.

I just had a check and found you have no alert when I entered 1000000 Bitcoin to be transacted. Just checked, I don't own in real lol.

I DO NOT REQUIRE KYC AND WILL NEVER ASK FOR IT.

As stated above, you are using ChangeNOW API, will they require KYC on a transaction that will be done through your site? Don't they have access to the fund? If they have the access to the fund, what if they freeze a transaction and require KYC? Who will manage that part?

[agentF]

I don't need to disclaimer as I have full access to solve any problem that may occur.

Aren't you just using their API?

I recall a similar service (I think it was Changelly) in which the third party managing the exchange withheld someone's coins and started demanding KYC. You don't actually have full access if you don't own the keys of the wallets.

I receive the funds and using their API to swap to the relevant token.

Im in charge for the funds.

what's the maximum limit or minimum? Or, there's no maximum limit? I can't see any info written there. I think you should add that info somewhere so that people don't get confused. There are exchanges that share their reserve.

I just had a check and found you have no alert when I entered 1000000 Bitcoin to be transacted. Just checked, I don't own in real lol.

I DO NOT REQUIRE KYC AND WILL NEVER ASK FOR IT.

As stated above, you are using ChangeNOW API, will they require KYC on a transaction that will be done through your site? Don't they have access to the fund? If they have the access to the fund, what if they freeze a transaction and require KYC? Who will manage that part?

It's registered on my company and i dont need a KYC. I take full responsibility if any amount getting freeze ( which 99% wont happen ) but i take full responsibility. 

[NeuroticFish]

I've found something a bit counter-intuitive.

By default the price is from Bitstamp. It shows 16990.
I switch and get price only from Binance: 16985.85
Then I check them both. Price is now 17008.52; far from an expected something-in-the-middle 

I can guess that in the last case you use a different source (coingecko?) that maybe has a different refresh rate and logic, still.. looks odd.
It doesn't matter to me much, however I thought you may want to know.


The exchange is an interesting addition, good luck with it, maybe it helps you earn at least the funds invested in this project.

[PX-Z]

I receive the funds and using their API to swap to the relevant token.

Im in charge for the funds.
....
It's registered on my company and i dont need a KYC. I take full responsibility if any amount getting freeze ( which 99% wont happen ) but i take full responsibility. 

I just heard a business structure like this. Anyway, if that's the case that totally make sense.

Well, what i mentioned on my earlier reply about the look of navbar is still the same. It might be another concern in relation of the exchange feature but it actually affect the total impression of your future users particularly those mobile users.

[Little Mouse]

It's registered on my company and i dont need a KYC. I take full responsibility if any amount getting freeze ( which 99% wont happen ) but i take full responsibility. 

That's great of course. I thought the fund would be in control of 3rd party which always makes a room for possible scam/freezing. If it's in your control, KYC shouldn't be an issue.
Please set the minimum + maximum amount of exchange, otherwise, it will create confusion.

[agentF]

It's registered on my company and i dont need a KYC. I take full responsibility if any amount getting freeze ( which 99% wont happen ) but i take full responsibility.  

That's great of course. I thought the fund would be in control of 3rd party which always makes a room for possible scam/freezing. If it's in your control, KYC shouldn't be an issue.
Please set the minimum + maximum amount of exchange, otherwise, it will create confusion.

The limit is 10M$ per transaction i highly doubt someone will reach it.

[agentF]

Could you share your thoughts with me?

1. With amount of CEX, DEX and P2P marketplace, i don't see any reason to choose your exchange. You might want to mention feature/advantage of your exchange on your website.
2. Where is your Terms of Service and Privacy Policy?

Hey,

1. I dont require to connect your wallet or to make a KYC, it's just a feature added to my service. if you dont want to use it, simply dont.
2. Will be added shortly.

[dkbit98]

The limit is 10M$ per transaction i highly doubt someone will reach it.

I appreciate you are working on supporting no-kyc policy, but you should be more careful with your promises and claims.
It's not totally impossible to imagine that some hackers could try to convert that amount of stolen coins using your website and changeNOW exchange.
I am interested to know what would happen in that case, and are you using some third party exchanges other than changeNOW?
You should also add more information if you are saving IP addresses and all other details from your custoemrs.

I compared your rates with other similar instant exchanges, and I am getting much lower rates on your website.
Maybe you could contact owners of kycnot.me website, so they could test and rate your website.

[noorman0]

The limit is 10M$ per transaction i highly doubt someone will reach it.

It won't be impossible if your service will achieve certain visibility.
My question is, does this limit also apply to Crypto><fiat exchanges and vice versa? However high limit offers without KYC will be a lot of attention, especially involving fiat even as little as $1 million. Your service will be on the radar of various authorities eventually. Stay alert!

[coupable]

I congratulate you on launching your site and encourage you to continue developing it. Perhaps we are just used to the preev site and do not think of changing it until it is broken. It was my first chance to discover your site.
My only problem with your site is that I can't select the full value in bitcoins or dollars with just one click like preev mirror. i always have to select all numbers

[Woodie]

Please check out: https://pnnv.com/exchange

Could you share your thoughts with me?

You have really outdone yourself with the inclusion of an exchange , Congratulations to you team Pnnv. And looking back at what preev did with all the traffic they received, these guys never took advantage of it but with you guys in the driving seat you turning everything you touch into gold.

I DO NOT REQUIRE KYC AND WILL NEVER ASK FOR IT.

If you use chagneNOW they may ask for it not on my platform.

Thanks for the assurance, Goodluck.

[hugeblack]

So as far as I understand, you partnered with changeNOW as a company that completed KYC and then you allow everyone to use that account without KYC? If this is true, then this is not considered money laundering?
Overall it's good to develop the possibility of exchange although I think it's too early, you were showing yourself as an alternative to Preev which means it's a simple site to display the price of bitcoin.

Perhaps, after gaining trust, you can perform the exchange, but instead of using changeNOW, it provides the user with the ability to use more than one exchange platform from the same site.