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Author Topic: LNP2PBOT Non KYC btc lightning exchange  (Read 180 times)
Becassine (OP)
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July 05, 2023, 12:57:40 AM
Last edit: July 05, 2023, 02:33:12 AM by Becassine
Merited by Symmetrick (5), dkbit98 (1), paid2 (1)
 #1

It's not easy to get started, and there are always new things to learn. When you're just starting out, you think that the safest way to buy BTC is on a CEX. Indeed, the place may seem safe and everything is well explained. But you'll have to hand over a lot of documents, and you don't necessarily want to do that (and what's more, you don't have your private keys).

The little bot here accessible on telegram is pretty easy and fun. It works with BTC lightning, so you'll need to have what I call a hybrid wallet (on-chain and lihtning) like breez for example. Then the bot will act as an escrow between you and a seller/buyer.
You can place an ad or spot one and make a proposal.
FIAT offers a wide range of transaction methods, including Revolut, Bizum, Wise, Paypal etc...

It can be useful and simple to use this bot for small transactions, because in the end there's nothing to download (as with Bisq) and it's easy to understand.
There are probably tutorial videos on the net in your language. If you have any questions, I'll try to answer them.

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July 05, 2023, 02:11:09 AM
 #2

Are you sure about the name of the bot is correct? Because when I tried to look for it on telegram there is no result found, if possible please post the channel link.

Since I can't able to find the bot I am not sure how this actually works especially how it can act as escrow between buyer and seller especially when the transaction is happening in LN.









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July 05, 2023, 02:32:39 AM
 #3

Are you sure about the name of the bot is correct? Because when I tried to look for it on telegram there is no result found, if possible please post the channel link.

Since I can't able to find the bot I am not sure how this actually works especially how it can act as escrow between buyer and seller especially when the transaction is happening in LN.

https://t.me/p2plightning

@lnp2pbot Exchange

You're right, thank you, I forgot one P.


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BlackBoss_
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July 05, 2023, 03:45:35 AM
 #4

The little bot here accessible on telegram is pretty easy and fun. It works with BTC lightning, so you'll need to have what I call a hybrid wallet (on-chain and lihtning) like breez for example. Then the bot will act as an escrow between you and a seller/buyer.
You can place an ad or spot one and make a proposal.
FIAT offers a wide range of transaction methods, including Revolut, Bizum, Wise, Paypal etc...
If you want to share a product, please share the link.

Because if you don't share its link, only share a name, people will be curious and search. They will find many results with search and not all results will direct to a product you are introducing. You will waste their time and they even can be trapped with phishing sites, phishing applications so if you want to help others, please always leave links to what you want to introduce.

R


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Becassine (OP)
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July 05, 2023, 08:50:20 AM
 #5

The little bot here accessible on telegram is pretty easy and fun. It works with BTC lightning, so you'll need to have what I call a hybrid wallet (on-chain and lihtning) like breez for example. Then the bot will act as an escrow between you and a seller/buyer.
You can place an ad or spot one and make a proposal.
FIAT offers a wide range of transaction methods, including Revolut, Bizum, Wise, Paypal etc...
If you want to share a product, please share the link.

Because if you don't share its link, only share a name, people will be curious and search. They will find many results with search and not all results will direct to a product you are introducing. You will waste their time and they even can be trapped with phishing sites, phishing applications so if you want to help others, please always leave links to what you want to introduce.

Excuse me, you're right  Tongue

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Peach
BTC bitcoin
Buy and Sell
Bitcoin P2P
.
.
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Husires
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July 05, 2023, 11:17:14 AM
 #6

In the end, the bot is centralized or will depend on a CEX. If it relies on a CEX users will be required to verify identity as soon as the trading volume inside the bot becomes large. working on telegram or being online website will not change things a lot.

The phrase 'Non KYC' does not mean that they will not request KYC in the future, but they do not do now and may do so in the future.
The only solution is that they have a reserve, you can exchange from that reserve, and then LN bot will be small and trading is limited according to the size of that reserve.

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July 05, 2023, 12:27:47 PM
 #7

In the end, the bot is centralized or will depend on a CEX. If it relies on a CEX users will be required to verify identity as soon as the trading volume inside the bot becomes large. working on telegram or being online website will not change things a lot.

The phrase 'Non KYC' does not mean that they will not request KYC in the future, but they do not do now and may do so in the future.
The only solution is that they have a reserve, you can exchange from that reserve, and then LN bot will be small and trading is limited according to the size of that reserve.

What you mean ? From my understanding this bot is fully P2P and acts only as an escrow between users

There is no CEX involved as far as I know. The bot doesn't need to have any reserve as it is only an escrow.

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Becassine (OP)
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July 05, 2023, 05:03:45 PM
 #8

In the end, the bot is centralized or will depend on a CEX. If it relies on a CEX users will be required to verify identity as soon as the trading volume inside the bot becomes large. working on telegram or being online website will not change things a lot.

The phrase 'Non KYC' does not mean that they will not request KYC in the future, but they do not do now and may do so in the future.
The only solution is that they have a reserve, you can exchange from that reserve, and then LN bot will be small and trading is limited according to the size of that reserve.

What you mean ? From my understanding this bot is fully P2P and acts only as an escrow between users

There is no CEX involved as far as I know. The bot doesn't need to have any reserve as it is only an escrow.

I don't understand why there should be a CEX in the interactions either, since it's P2P. The buyer sends the shitfiats, the seller sends the satoshis, the robot acts as escrow and when everyone has received what they want, they type in the /release command and that's it.

When the seller receives the shitfiats, the bank doesn't know what he's bought.

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Faisal2202
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July 05, 2023, 05:14:09 PM
 #9

In my POV, performing transactions through telegram bot is not best practise, because we already have a list of exchanges on which we can perform transactional activities without KYC. Such as OKX and Houbi exchange etc.

Plus we can make p2p transactions on many decentralized exchanges where we will not be asked for documentation such as bisq and peachbitcoin and localmonero etc.

And the there is less availability of such bot in countries like mine where we do not have the facilities to use paypal etc. We only prefer to use what is easily accessible. Plus who have made this bot (like whom to refer when things went upside).

jrrsparkles
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July 05, 2023, 07:02:30 PM
 #10

Are you sure about the name of the bot is correct? Because when I tried to look for it on telegram there is no result found, if possible please post the channel link.

Since I can't able to find the bot I am not sure how this actually works especially how it can act as escrow between buyer and seller especially when the transaction is happening in LN.

https://t.me/p2plightning

@lnp2pbot Exchange

You're right, thank you, I forgot one P.


I joined using the link but it doesn't look like a bot to me, just a channel and there is no execute operations or commands available more over its only showing the offers in Spanish language so it may not suitable for everyone to use.









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July 05, 2023, 07:44:43 PM
 #11

Are you sure about the name of the bot is correct? Because when I tried to look for it on telegram there is no result found, if possible please post the channel link.

Since I can't able to find the bot I am not sure how this actually works especially how it can act as escrow between buyer and seller especially when the transaction is happening in LN.

https://t.me/p2plightning

@lnp2pbot Exchange

You're right, thank you, I forgot one P.


I joined using the link but it doesn't look like a bot to me, just a channel and there is no execute operations or commands available more over its only showing the offers in Spanish language so it may not suitable for everyone to use.

I didn't realize it was all in Spanish, but I found it with English subtitles. For the French there are videos in French (découvrebitcoin)

Here's the bot : @lnp2pBot

https://www.youtube.com/watch?v=sf6JD1xb-kc

Twitter : https://twitter.com/lnp2pbot

It's very simple, you'll see (for the record, I don't even know how to use Excel any more and couldn't install electrum  ... That's how simple it is)

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Stalker22
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July 05, 2023, 09:07:03 PM
 #12

I didn't realize it was all in Spanish, but I found it with English subtitles. For the French there are videos in French (découvrebitcoin)
~

You mean video instructions with English subtitles? But why is the Telegram channel and bot in Spanish? All the offers I see are in Spanish. Is there a way to change the language?

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Becassine (OP)
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July 05, 2023, 09:17:21 PM
 #13

I didn't realize it was all in Spanish, but I found it with English subtitles. For the French there are videos in French (découvrebitcoin)
~

You mean video instructions with English subtitles? But why is the Telegram channel and bot in Spanish? All the offers I see are in Spanish. Is there a way to change the language?


commands are in english.

in the menu you find /sell for exemple. You don't have to know many words to sell or buy.

sell : vender
buy : comprar

and spanish is a beautiful language, isn't it ?

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CryptoHeadlineNews
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July 05, 2023, 09:31:38 PM
 #14

I didn't realize it was all in Spanish, but I found it with English subtitles. For the French there are videos in French (découvrebitcoin)

Here's the bot : @lnp2pBot

https://www.youtube.com/watch?v=sf6JD1xb-kc

Twitter : https://twitter.com/lnp2pbot
From the look of this very statement of yours, it clearly shows it seems you haven't use this bot of yours, which you claim to be the perfect non-Kyc exchange, because I too just joined the telegram group provided through the link presented above, and it looks no difference from an ordinary telegram group. So if you don't mind at O.P, I will like to ask few questions;..
1. Were you able to successfully buy a coin through the bot? If Yes, what method of payment did you use and how was the fee?
2. How sure are you someone is not likely to get scam through this medium?

(I hope you don't take it personal, these are just my sincere observations, and I will like to be clarify)

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Becassine (OP)
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July 05, 2023, 09:49:33 PM
 #15

I didn't realize it was all in Spanish, but I found it with English subtitles. For the French there are videos in French (découvrebitcoin)

Here's the bot : @lnp2pBot

https://www.youtube.com/watch?v=sf6JD1xb-kc

Twitter : https://twitter.com/lnp2pbot
From the look of this very statement of yours, it clearly shows it seems you haven't use this bot of yours, which you claim to be the perfect non-Kyc exchange, because I too just joined the telegram group provided through the link presented above, and it looks no difference from an ordinary telegram group. So if you don't mind at O.P, I will like to ask few questions;..

1. Were you able to successfully buy a coin through the bot? If Yes, what method of payment did you use and how was the fee?
2. How sure are you someone is not likely to get scam through this medium?

(I hope you don't take it personal, these are just my sincere observations, and I will like to be clarify)

Hello,

I discovered this bot with "decouvre bitcoin" (https://www.youtube.com/watch?v=ouZk05HfSnE),  which offers free courses on bitcoin. It's a serious team that explains things really well (in several languages).

yes I've already sold sats without any problem, but as I was focused on the process, I didn't write down the fees.
 
Then I have to say that currently my wallet breez doesn't seem to work properly and the sats seem blocked, but it should resolve.

Otherwise for scams, I don't know, I guess it must exist like everywhere?

I think it's great that we're talking about it together, that's what a forum is all about and maybe there are things I don't understand, it's good to be able to talk about them.,

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dkbit98
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July 06, 2023, 03:40:27 PM
 #16

The little bot here accessible on telegram is pretty easy and fun. It works with BTC lightning, so you'll need to have what I call a hybrid wallet (on-chain and lihtning) like breez for example. Then the bot will act as an escrow between you and a seller/buyer.
You can place an ad or spot one and make a proposal.
FIAT offers a wide range of transaction methods, including Revolut, Bizum, Wise, Paypal etc...
Having more options to exchange Bitcoin is cool, but I am a bit suspicious with telegram and I am sure they are recording everything with do including phone numbers and IP addresses.
I never used LNP2PBOT bot, and I don't like that you have to use third party app telegram for with this, and that has to be downloaded and installed  Wink
Better alternative for Lightning Network exchange in my opinion is called RoboSats, this works as webpage and it can be used with Tor onion for better privacy.
The source code for RoboSats is public, there is no account creating, there is really no installation, and it's very easy to use.

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Becassine (OP)
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July 06, 2023, 09:54:54 PM
 #17

The little bot here accessible on telegram is pretty easy and fun. It works with BTC lightning, so you'll need to have what I call a hybrid wallet (on-chain and lihtning) like breez for example. Then the bot will act as an escrow between you and a seller/buyer.
You can place an ad or spot one and make a proposal.
FIAT offers a wide range of transaction methods, including Revolut, Bizum, Wise, Paypal etc...
Having more options to exchange Bitcoin is cool, but I am a bit suspicious with telegram and I am sure they are recording everything with do including phone numbers and IP addresses.
I never used LNP2PBOT bot, and I don't like that you have to use third party app telegram for with this, and that has to be downloaded and installed  Wink
Better alternative for Lightning Network exchange in my opinion is called RoboSats, this works as webpage and it can be used with Tor onion for better privacy.
The source code for RoboSats is public, there is no account creating, there is really no installation, and it's very easy to use.


Thank you, I will try this. Robotsats is on the list of "decouvre bitcoin" too  Wink

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Stalker22
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July 06, 2023, 10:18:05 PM
 #18

and spanish is a beautiful language, isn't it ?


Oh, absolutely! Spanish is such a beautiful language. Every time I hear it, it sounds like romantic poetry to me!

It's just a shame that I do not understand it.  Cry

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Becassine (OP)
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October 06, 2023, 07:41:41 PM
 #19

Hello,

Did someone try it ?

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Peach
BTC bitcoin
Buy and Sell
Bitcoin P2P
.
.
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EUROPE | AFRICA
LATIN AMERICA
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dkbit98
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October 09, 2023, 04:02:54 PM
 #20

Did someone try it ?
I didn't try this exchange simply because it uses telegram and I don't trust this app enough for this purpose.
Another thing I don't like is that everything is written in foreign language when I last checked it, I believe it was Spanish language.
I have nothing against other people using it, if it works for them.
 

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