Noones App: User Reviews Reveal Scam Concerns (Is It Safe?)

Noones: A Potential Alternative to Binance P2P for Nigerians (Review and Guide)

In the wake of the recent Binance P2P ban in Nigeria, users are actively seeking alternative platforms to facilitate their cryptocurrency transactions. While Bybit and Kucoin have emerged as potential solutions, another option worth exploring is Noones.

What is Noones?

Noones goes beyond being a simple P2P marketplace for Bitcoin (BTC) trading. It describes itself as a "financial communication super app," aiming to empower users by:

Connecting them to the global conversation through chat.
Facilitating payments through a diverse P2P marketplace with over 250 payment methods.
Providing a built-in Bitcoin wallet for storing crypto.

Exploring Noones' Features:

P2P Marketplace: Noones boasts a vibrant P2P marketplace with over 4,500 online users, offering 59,000+ trade offers with a 24-hour trading volume exceeding $3.6 million. This suggests a potentially active user base for buying and selling Bitcoin.
Multiple Payment Methods: Noones caters to a wide range of users by supporting over 250 payment methods, including popular options like bank transfers, mobile money (MoMo), and online wallets. This flexibility could be particularly beneficial in regions like Nigeria, where diverse payment methods are crucial.
Referral Program: Noones offers an intriguing referral program, allowing users to earn up to 20% of their friends' trade fees by inviting them to the platform. This incentivizes user acquisition and network growth.
Built-in Bitcoin Wallet: Noones comes equipped with a built-in Bitcoin wallet, allowing users to store their BTC conveniently within the app. However, it's crucial to remember that not your keys, not your coins. Therefore, consider using a dedicated and secure hardware wallet for long-term crypto storage.

Registration and Login Guide:

Download the Noones app: Available on Google Play (Android 8.0 and up).
Open the app and begin the registration process.
Enter your basic information: Name and date of birth (age verification).
Create a secure password and agree to the terms of service.
You're now registered! Use your login credentials to access the app and explore its features.

Founder: Ray Youssef

Noones is headed by Ray Youssef, a seasoned entrepreneur with a strong presence in the Bitcoin and social impact spheres. Youssef previously served as the CEO of Paxful, a leading peer-to-peer Bitcoin marketplace, and co-founded the Built With Bitcoin Foundation, a non-profit organization focused on empowering individuals and communities through Bitcoin adoption. His experience in both the financial technology and social impact sectors suggests a commitment to both innovation and positive societal impact with Noones.

However, it's important to remember that the success of any platform ultimately depends on its execution, user experience, and adherence to security and regulatory compliance. While Youssef's background might offer some insights into the potential of Noones, it shouldn't be the sole deciding factor when evaluating the platform for your own needs.

Before You Start Using Noones:

Research: While Noones presents a potential alternative, it is essential to conduct thorough research before engaging in any P2P transactions. This includes understanding the platform's reputation, security measures, and user reviews.
Understand the risks: P2P trading inherently carries risks, such as counterparty fraud and scams. Always exercise caution, verify counterparties before transactions, and only trade with reputable users.
Local regulations: Be aware of local regulations regarding cryptocurrency trading in your jurisdiction. Using Noones or any other platform might not be legally permissible in some regions.

Noones offers a unique combination of P2P trading, communication features, and a built-in wallet, making it a possible alternative for users seeking options beyond Binance P2P. However, it's crucial to approach any new platform with caution, exercise due diligence, and prioritize research and security before engaging in any transactions. Remember, the crypto landscape remains dynamic, and staying informed is vital for navigating it effectively.

Is Noones App Legit or a Scam? A Look at User Experiences

The legitimacy of the Noones app is a contentious issue, with user experiences painting a mixed picture. While some users have reported successful transactions and positive interactions with the platform, others have encountered various problems, raising concerns about potential scams and the app's overall reliability.

Here's a breakdown of user experiences from the Google Play Store:

Negative Reviews:

Scams: Multiple users allege they were scammed on the platform, losing money to fraudulent traders.
Technical Issues: Several users reported app malfunction and inability to access the platform.
Poor Customer Support: Users expressed frustration with the app's customer service, claiming slow response times and unresolved issues.
Dispute Resolution Concerns: Some users felt the dispute resolution process was unfair, favoring sellers even in cases of apparent fraud.

Positive Reviews:

Limited: While present, positive reviews are significantly fewer than negative ones. They mainly commend the app's features and user interface.

Noones App's Response:

The app's developer, Eaton Consulting, responds to most reviews, typically directing users to contact their support team for further assistance. However, these responses haven't effectively addressed the concerns raised by users, leaving a sense of doubt and dissatisfaction.

Important to Consider:

Limited Positive Reviews: The low number of positive reviews compared to negative ones raises concerns about the app's overall user experience.
Allegations of Scams and Unfair Dispute Resolution: These are serious accusations requiring thorough investigation and transparent communication from the app's developers.
Technical Issues and Poor Customer Support: These aspects significantly impact user experience and trust in the platform.

Conclusion:

While Noones offers features like P2P trading and a built-in wallet, the abundance of negative user experiences raises significant concerns about its legitimacy. It's crucial to exercise extreme caution before using this platform.

Additionally:

Conduct thorough research beyond the app store reviews.
Seek independent user testimonials from trusted sources.
Be wary of unsolicited investment offers or guarantees of high returns.
Start with small transactions, if you choose to use the platform, and only after understanding the associated risks.

Remember, cryptocurrency trading and P2P platforms inherently carry risks. It's vital to prioritize security, due diligence, and responsible financial decision-making while navigating this dynamic market.