Noones Review 2024: P2P Bitcoin App For The Global South

Under the guide of the experienced Ray Youssef, the Noones App has emerged, introducing a distinctive value proposition as a Bitcoin and stablecoins P2P exchange catering to the Global South, Europe, and a majority of Asia.

This review delves into the workings of this peer-to-peer platform, available both as a mobile app and a web app, while also exploring its additional functionalities.

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What's the Noones App?

Noones stands as a revolutionary financial communication super app, fostering empowerment by seamlessly connecting individuals to both the global conversation through its chat feature and the world's financial system via its payment functionalities.

This versatile platform enables users to engage in unrestricted messaging, engage in peer-to-peer trading, and conduct seamless transactions—all facilitated by a Bitcoin wallet that works as a store of value.

The platform's marketplace facilitates the buying and selling of Bitcoin and stable coins across 190 countries, offering a vast array of over 400 payment methods, ranging from gift cards and mobile money to bank transfers and various cryptocurrencies.

Additionally, Noones' messenger feature emerges as the primary hub for peer-to-peer trades, further enhancing the app's comprehensive financial communication capabilities.

Who Created Noones?

The founding team of Noones includes Nicholas Gregory, the CEO of CommerceBlock, Yusuf Nessary, co-founder of the Built With Bitcoin Foundation, and Bernard Parah, CEO, and co-founder of Bitnob. Their collective vision drives Noones to connect people to the global conversation through chat and integrate them into the world's financial system via seamless payments.

With a postbox in Panama, but registered out of Europe and the United Arab Emirates, Noones enforces Know Your Customer (KYC) protocols, with a trade/send-out volume threshold of $700 per day. Users receive alerts upon reaching this limit. The platform is committed to building local Anti-Money Laundering (AML) programs based on global licensing strategies, encompassing standard AML checks, fraud protection, and sanction checks.

It's crucial to note that Noones is not accessible to users in the United States or any other country on their blocked countries list due to regulatory restrictions.

Ray Youssef, former CEO and founder of Paxful, later joined the team as the CEO, bringing with him a wealth of experience and leadership to further propel Noones toward its ambitious goals.

Youssef's arrival adds a dynamic dimension to the platform's trajectory, aligning with its mission to revolutionize financial communication in the Global South and beyond.

How Noones works?

Noones operates on a straightforward premise: users can effortlessly engage in the buying and selling of Bitcoin, along with a selection of stablecoins, directly through the app. The process involves accepting fiat payments from other users, and interestingly, undergoing the KYC (Know Your Customer) process is not strictly mandatory. Some sellers do not require verification.

To ensure the security of both the buyer and the seller, Noones employs an escrow system—a multisig smart contract. This serves as a protective measure in case either party attempts any fraudulent activity. Should such a situation arise, the Noones team is poised to intervene and address the issue.

While the app's fundamental functionality revolves around these buying and selling transactions, it also offers additional features, such as the wallet and swap functionalities, which will be discussed in more detail shortly.

Noones App Features

Key features of the Noones app include:

1. Marketplace: Engage in peer-to-peer Bitcoin trading within a diverse marketplace that supports over 250 payment methods. Notably, KYC is not obligatory for participation.
2. Wallet: Conduct peer-to-peer payments seamlessly through a Bitcoin wallet that also serves as a secure store of value.
3. Swap: Utilize the app's swap feature to exchange various cryptocurrencies for Bitcoin directly within the wallet.
4. Messenger: Communicate and trade securely with friends using an encrypted messenger integrated into the app.

Noones App Quick Review

If you're short on time to read this entire Noones App review, take a look at this quick review. It highlights the most crucial features of this exchange and assigns a score to each, culminating in a total blockdyor score ranging from 0 to 100.

How to Get Started On Noones

To create an account on Noones and unlock various bonuses, simply click on the link provided below.

👉 Click here to join Noones and get 100 Sats for free and a 10% discount in fees for 3 months. Sign up now.

To create an account, follow these steps:

1. Click on the "Sign Up" button.
2. Enter your email.
3. Set a password.
4. Confirm your registration via the email sent.

After successfully registering and logging into Noones, you'll discover that the dashboard is intuitively designed. At the top, you'll find key buttons like Home, Wallet, Marketplace, Convert, and more (1).

Your profile and related settings are conveniently located at the top right (2), with verification level limits displayed (3). Elevating your account limit to $10,000 is a straightforward process—simply provide your name, surname, and birthday.

The Explore Market section (4) provides insights into liquidity within the Noones app. The wallet segment (5) displays your current balance, accompanied by quick buttons for buying and selling cryptocurrencies (5) (6).

To streamline future trades and transactions, you can effortlessly add payment accounts (7), such as Revolut or other payment systems, within the My Payment Accounts section. This ensures a seamless trading experience without the need for repeated account additions.

How to buy Bitcoin p2p on Noones

Buying Bitcoin through peer-to-peer marketplace on the Noones app is a straightforward process.

Before starting, I recommend doing the basic verification process by providing a super-soft KYC with just your name, surname, and birthdate within the Noones platform, thereby increasing your limit from 0 to 10,000 USD.

To start, navigate to the main dashboard and click on "Buy Crypto With." This will lead you to a filtering section showcasing all the available Bitcoin-selling offers on Noones.

Enhance your search further by specifying the crypto (1) the currency (2), payment method (3), seller location (4), your location (5), and more. Once your preferences are set, click on the "Find me an offer" (6) button.

You can choose to show all offers, or filter them based on the payment methods that you actually have. On Noones there are plenty to choose from.

Subsequently, you'll be presented with a list of offers along with their corresponding prices. Choose the offer that aligns with your comfort level.

Remember, when accepting the offer, thoroughly review the reviews of the seller and other infos such as the terms and conditions. Once you've selected a suitable offer, proceed by clicking on the relevant option to initiate the transaction.

The next step involves communication with the seller. Use the integrated messenger on the Noones app to discuss any specific details, ask questions, or clarify any uncertainties related to the transaction. This ensures a transparent and secure exchange process.

As an added layer of security, Noones employs an escrow system through a multisig smart contract. This safeguards both the buyer and the seller by holding the Bitcoin in escrow until the agreed-upon conditions are met. In case of any disputes or attempts at fraudulent activity, the Noones team is readily available to intervene and resolve the issue.

Upon successful completion of the transaction, the Bitcoin will be transferred to your Noones wallet, providing a seamless and secure process for buying Bitcoin through peer-to-peer transactions on the Noones app.

Noones Fees

Noones takes pride in offering a transparent fee structure to enhance users financial experience. Here's a breakdown of the fees associated with various activities on the platform:

Trading Cryptocurrency

• Bank Transfers: 0.5%
• Credit/Debit Cards: Sell 1%, Buy - no fee
• Digital Currencies, Online Wallets, Cash, Mobile Money: Sell 1%, Buy - no fee
• Gift Cards: Sell 5%, Buy - no fee

Buying Cryptocurrency

When buying cryptocurrency, the rates are set by sellers and may vary based on factors such as verification status, payment method, currency pair, and order size.

Selling Cryptocurrency

An escrow amount is deducted from your Noones Wallet at the trade's outset. Upon successful completion, Noones receives the escrow fee. If the trade fails, the cryptocurrency is released, and Noones takes no fee. An escrow fee discount, if active, applies at the start of the trade.

Sending/Receiving Bitcoin (BTC)

• External Wallet: Dynamic Weighted Network fee + Noones Wallet fee

Internal Wallet

Free $1000 limit for the last 30 days, then a fee based on the amount sent.

Noones Reviews

Numerous reviews about Noones can be found on Trustpilot, my go-to resource for assessing public opinions on services.

However, it's important to note that not all reviews are positive. Additionally, there have been instances where responses from the Noones team were provided after a delay of more than one month.

Is Noones Safe?

It's reassuring to know that Noones employs modern security measures like 2FA and HTTPS, making it reasonably secure. Since it's a peer-to-peer trading app, the effectiveness of the escrow system is crucial. Understanding how the escrow works between buyers and sellers is key to ensuring a safe and reliable trading experience on the platform.

Noones uses escrow to make trading secure. When a trade starts, the seller's crypto goes into a safe place called escrow. After the buyer pays and it's confirmed, the seller can take the crypto from escrow, completing the trade.

If there's a problem and the seller won't release the crypto, it stays in escrow until Noones investigates and decides. For sellers, if a buyer can't complete the payment, the crypto safely goes back to the seller's wallet.

It appears that Noones is indeed considered safe, especially with the oversight of Ray Youssef, a seasoned Bitcoin entrepreneur.

However, it's essential to note that, at the time of writing, information about the company behind Noones, NoOneCrypto INC., is not readily available. This includes details about regulations, as well as the company's headquarters. It's crucial to stay informed and vigilant, considering the lack of infos regarding the background and regulatory aspects of the company.

Noones Support

As for customer support, I'm not entirely certain about its functionality, but I encountered difficulties trying to communicate with a real human, as depicted in the screenshot.

Although their Twitter account (X) is active, it doesn't appear to function as a dedicated customer service channel. I also couldn't locate an email address for urgent messages or emergencies.

This aspect needs attention, especially for situations where prompt resolution is crucial, such as disputes that require immediate attention. It would be beneficial for them to establish a hotline for more efficient support.

Noones Alternatives

Noones stands out as a P2P exchange app primarily serving the Global South and Europe. To explore similar alternatives with a P2P model and the flexibility to perform various actions without KYC, we can turn to other reviewed apps such as Relai and Hodl Hodl.

• Relai is an innovative application that focuses on Bitcoin transactions, offering an integrated wallet. While it leans more towards buying Bitcoin than active trading, its unique fee structure and soft-KYC approach make it worth considering. However, it's only available in Switzerland and some selected european countries. Relai Review.
• Hodl Hodl, on the other hand, is a trading platform akin to Noones. It is accessible almost worldwide only through the web, lacking a dedicated app, and distinguishes itself with a NO-KYC policy and no transaction limits. While some sellers might opt for KYC, users can freely trade Bitcoin and other stablecoins, including Tether. Additionally, Hodl Hodl features a dedicated section for lending. Hodl Hodl Review.

Noones Pros & Cons

Bottom Line

In conclusion, Noones App presents itself as a promising P2P exchange platform with a unique focus on the Global South, Europe, and parts of Asia. Offering a diverse range of features, including a user-friendly marketplace, secure wallet, and convenient messaging system, Noones simplifies Bitcoin transactions.

However, its customer support and communication channels could benefit from improvement, and it's important to note that the app is not available for users in the United States.

Despite some limitations, Noones stands as a viable option for those seeking a P2P exchange experience with added functionalities.

Noones Evaluation

Noones is an up-and-coming platform, especially significant for the global south due to its various integrations and peer-to-peer trading capabilities. It deserves recognition for its contributions. With a commendable score of 66 out of 100, I would certainly recommend considering this exchange.

Reputation: Despite being a relatively new player in the field, Noones is gaining recognition for its innovative approach and compelling platform.

Technology: Noones employs 2FA, interesting escrow system but it's still custodial. The platform's commitment to continuous improvement suggests promising developments in the future.

Customer Service: While lacking phone support, Noones facilitates easy access to customer service through a prominently placed button on the main page. However, you have to pass through a chatbot and availability might be constrained during nighttime hours.

Fees: Noones boasts transparent fee structures and provides opportunities to reduce fees through promotional codes. Though not the lowest, their pricing is fair and transparent.

Ease of Use: Noones offers an exceptionally user-friendly app. Also the user interface is appealing and much better than the average bitcoin exchanges out there.

Frequently Asked Questions (FAQ)