• Buying Cryptocurrency

    In this guide, we'll teach you how to buy your first cryptocurrency from Noones in three simple steps. If you want to create your own offer, please see our article on creating offers

    Step 1: Setting up search requirements

    • Create an account or log in to your Noones account
      • Hover over the Buy arrow, and click your preferred cryptocurrency to show the page with offers to buy cryptocurrency.

    Tip: Using your phone? Click the hamburger icon and choose one of the options from the list that appears.

    • Click Show All or Any Payment Method field and select your preferred payment method to buy crypto on the dialog box that appears.
      • Alternatively, click View offers for all payment options to see the list of all payment methods available.
    • Click Any Currency and select your currency from the list. Enter the amount you want to trade in the Any Amount field.
      • You can leave the Any amount field empty if you do not have any specific amount in mind.
    • Select your country from the Location list.
    • Click SEARCH FOR OFFERS. The offer list is updated according to your search requirements.

     

    Step 2: Finding an offer

    • Browse through the list of offers — The list begins with offers that have:
      • Sellers with the best rating and reputation.
      • Sellers who are the most active on the platform and are ready for instant trade.
      • The most profitable margin.
    • Check the tags and labels for additional information about an offer. When you find an offer you like, click Buy to show the Offer Page

    Note: Your trade hasn’t started yet, at this point.

    • Study all details of the offer such as:
      • Buying limits — is the offered amount neither too low nor too high?
      • Seller’s rate — does it look profitable for you?
      • Time limit — will you manage to execute the payment within this timeframe?
      • Offer terms — is the seller requesting additional documents or having specific requests as part of the trade procedure?
    • Enter the amount you are ready to trade in the traditional currency field or cryptocurrency field. Click BUY NOW.
      You can click Take a Tour to receive a walk-through of the process in case you have any questions or doubts.

    Note: At the moment when the trade starts, the cryptocurrency rate is fixed and will not fluctuate.

     

    Step 3: Trading

    • Discuss the necessary details with your partner using our trade chat and follow their instructions carefully.
    • Make the payment.
    • After making the payment, click the I have paid button.
      • When the Self Declaration dialog box appears, click Yes, I have paid.
    • The seller releases the crypto from the trade escrow — The trade is completed successfully and the crypto will be available in your Noones wallet.

    Note:

    • You can always cancel the trade by clicking the Cancel button, but do not do this if you've already made the payment. Instead, 
    • Click the Dispute button for any trouble or disagreement to invite our moderators to investigate the case.

    Tip:

    • After the seller of cryptocurrency has released funds from the trade escrow, consider leaving feedback. This helps other traders to understand who they are dealing with.
    • You can click Add Username to your contacts to add a user to your Trade Partners list and to quickly trade with them in the future — This will help you to create your own trading community with users you trust.
    • If you need a public receipt of the transaction, click Public receipt at the bottom of the page.

    Check our Tips for Buying Cryptocurrency for more information. If you want to sell cryptocurrency, explore this page Selling Cryptocurrency.

  • What are Noones Verified Offers?

    Verified offers have been vetted by the Noones team to ensure they’re listed by trusted members of the community. 

    Finding verified offers

    Once you’ve made a decision on what you’re looking for, customize your search with the following:

    • Type of cryptocurrency you’ll be buying
    • Currency you’ll be using
    • Payment method you’ll be using
    • Purchase amount

    From there, just use the toggle to only see verified offers.

  • India's Income Tax Law

    Beginning July 1, 2022, income tax law in India will require income taxes to be paid for the transfer, meaning the sale or exchange of any virtual digital asset (VDA) such as cryptocurrency.

    Anyone who purchases cryptocurrency from a seller located in India will be required to pay a 1% tax on the sale, regardless of where the buyer is located.

    This tax isn't collected or remitted by NoOnes, as all members of our community are responsible for reporting their income to the appropriate government agencies and paying any applicable taxes.

    If you'd like more information about tax law or your specific circumstances, you'll want to contact a legal or tax professional.

  • Tips for Buying Cryptocurrency

    Buying cryptocurrency can be tough at first, so we've prepared these guides to get you started and help you complete a trade on Noones.

    Minimum Trade Amount

    If you’re buying, the current minimum is 10 USD or its equivalent in other currencies. If you’re selling, the minimum is 0.001 BTC.

    Seller’s reputation and activity

    A seller’s reputation is displayed with a green thumb. This is the total of all of the positive feedback the seller has received.

    Clicking on the seller's name will show their full profile, where you can see how much negative feedback they've received in addition to the positive. You can also see their location, all of their active offers, and other important information about them.

    Tip: Pay attention to each type of feedback positive and negative.

    Despite having more than 10,000 positive feedback and 1,000 negative feedback, you should still be cautious about such users. Pay attention to the percentage of negative feedback in relation to the negative and positive ones.

    Also, do not forget to check for how long a user is present on our platform, and to make sure that you will have a quick trade without any delays from the seller’s side, always consider the seller's last seen status. 

    Additionally, it is also much better if the seller is ID-verified — This means that we have checked his documents and background.

    Always read the seller's offer terms and instructions before you start a trade

    Sellers should mention what they expect and what you will need to provide.

    Gift cards for example, most of the sellers require a receipt to prove that it was bought legally and to establish that you are indeed the owner of the gift cards. If this information is requested:

    • Unable to provide - do not to proceed with the trade.
    • Able to provide - have everything ready before you start the trade.

    Be aware of the price

    The Bitcoin price in Noones is never equal to its official market rate as sellers charge a fee to convert traditional currency into Bitcoin. The price of the fee varies among sellers and depends on who you buy from, so be on the lookout for the best deals.

    The offer page always includes the rate of each seller. What should interest you the most is how much you get on dollar. The higher the number, the more profitable the trade will be for you.

    Click the Paid button only when you have sent a payment

    Once you’ve clicked the Paid button, the countdown timer stops and the trade can no longer expire. This button provides security from dishonest or forgetful sellers — If you had sent the payment or payment info such as gift card codes to the seller and the offer expires, the escrow will release the cryptocurrency back to the seller's wallet leaving you with nothing. 

    If you click the Paid button and you haven’t paid, the seller might think you’re a coin-locker or someone trying to scam them.Be sure to only click the button once you’ve paid to prevent complications.

    Don't cancel the trade if you have sent a payment

    We know that problems sometimes arise during trades, but it's important to never cancel the trade once you've already paid the seller. If you've paid for your crypto but something has gone wrong, you can start a dispute.

    Starting a dispute brings a Noones Moderator in to help with the situation. If you cancel the trade after the payment has been made, getting a resolution is not guaranteed and the Moderators will not be able to help. 

    Brokering of gift card codes is strictly prohibited

    Brokering is when you buy a gift card code from someone, thinking you can sell it later to someone else. Even if you checked the code when you bought it, the person who sold you the code can use it anytime without your knowledge, and this is why it is against the Noones Terms of Service.

    If you keep trying to give sellers used codes, you will be reported and banned from trading on Noones as it is not only a waste of your own time but also that of others. Remember to only use gift cards you have bought yourself.

    Third-party payments is not allowed

    You must be the actual payer and be the original owner of the submitted payment (Owner of the gift card, credit card, bank account, an account of online payment platform). Being a middleman in paying for the cryptocurrency is not allowed and can be considered as a scam.

    Always trade for the whole amount of the gift card

    If you have a $50 gift card, you can't trade that partially.

    Example: Asking someone to only take $33 out of your $50 gift card

    The seller can only take the whole amount, so if you start a trade for $33 and he takes $50, the only way to get your change back in cryptocurrency is by starting a new trade for the difference, which is also not guaranteed as the seller’s ranges may not meet that amount or the seller may take down their offers or go offline.

    Never ask the seller to release the cryptocurrency first

    This is grounds for an instant ban as it indicates a scam. We have an escrow service, so you know the crypto is there and waiting for you once you complete the payment.

    Be polite to sellers

    They go through a lot of tough customers and being polite can save you a lot of time. Being polite is about a lot more than your language; it’s about following their instructions as well. Note that if there is a dispute, the moderator will take language into account.

    Not Interested? Cancel!

    If you are no longer interested in the trade and have not yet paid the seller, feel free to cancel the trade. It will free their escrow and let them continue to trade with others who are interested. If you don’t cancel the trade and leave it hanging, the seller will have to file a dispute or report you, which will probably result in you getting negative feedback.

    You can see all of your active trades on your dashboard. Click Chat to open the trade, and click Cancel to cancel them.

    Also, remember that any price negotiation is strictly forbidden. If you do not like the offer, do not insist on changing the price in the same trade. Just start a new trade with new values to avoid any disputes or misunderstandings with the seller.

  • Buying Cryptocurrency with In-game Items

    Noones allows you to trade cryptocurrency for in-game items from popular video games such as skins, weapons, game balance, and more. Here’s everything you need to know about it.

    Before trading

    Before you start buying cryptocurrency for in-game items, make sure you have the means to prove that the item was transferred to your trade partner. Whether you choose a game currency, boost, or skin, you must ensure you have the means to verify the transition of the item.

    Warning:

    • Selling accounts is prohibited. 
    • Don’t disclose any information (eg. your Noones or game account login details) to the sellers.
    • Don’t take the risk by transacting outside of Noones trade flow as it isn’t protected by Noones secure escrow.

    Trading

    Searching for an offer:

    The first step in buying cryptocurrency for game items is to look for an offer that accepts this type of payment. You can also specify the amount you wish to buy and the currency you prefer.

    Choose the best rate of cryptocurrency to have the highest profit possible. Also, pay attention to the reputation of your potential trade partner. And finally, read through the offer terms and trade instructions carefully. 

    Talk to your trade partner in the trade chat. Clarify how exactly the in-game item will be delivered and decide whether your trade partner is okay with the product before proceeding. 

    Creating an offer:

    You can also create your own offer to buy crypto with game items.

    Here are a few things to keep in mind:

    • Set a margin you find profitable as negotiations during the trade is not allowed
    • Write clear offer terms and instructions
    • Use offer labels to highlight essential information such as the item type and the name of a game
    • Consider including FAQs section—think what questions trade partners may ask
    • If necessary, mention the following:
      • the game server where the exchange should take place;
      • will the delivery happen “face to face”, via game mail, or any other in-game exchange channel;
      • required game character level, etc.
    • Be clear about what proof of payment you can offer to your trade partner, for example, screenshots of an in-game transaction.

    Once you’ve created and published your personalized offer, wait for a seller to start the trade with you. Once a trade has started, you will receive a notification. Feel free to discuss all the necessary details with your trade partner on the trade chat, and proceed accordingly.

    Completing a trade

    Once you have provided all the documents requested by the seller, click Paid. The last step will be for the seller to confirm receiving the payment. Please be patient because this may take some time. Once the seller has confirmed the payment, they should release the crypto to you and the trade will be complete.

    Tip: Do take a screenshot of your proof and keep it as it may be useful in case of a dispute.

    After trading

    Once the trade is completed, you can leave appropriate feedback for your trade partner. Also, if you like trading with the same user in the future, you can add them to your trusted list.

    See our step-by-step guide on how to buy cryptocurrency and tips on how to buy cryptocurrency.

  • Buying Cryptocurrency with Bank Transfers

    Bank Transfers are a popular payment method on Noones. Learn how easy it is to trade cryptocurrency with automated Bank Transfers.

    Before trading

    Before you start buying cryptocurrency with Bank Transfers, add your bank account details to your Noones profile.

    Make sure your bank account is ready to make transactions and check if the account has any transaction limits or geographical restrictions in place. Also, consider using a bank that can easily provide proof of payment with all of the details visible in one page or pdf file.

    The required details for proof of payment in Noones are the following:

    • Account holder’s first and last name
    • Bank’s name and logo
    • Transaction date, time and status
    • Recipient’s account number and full name

    Trading 

    Searching for an offer:

    The first step in buying cryptocurrency with Bank Transfer is to look for an offer that accepts Bank Transfers as payment. You’ll also need to enter the amount you wish to purchase and the currency you prefer.

    After you find a suitable offer, you’ll need to read and accept the offer terms before the trade begins. These offer terms are set by Noones and it outlines how the trade should be carried out.

    Once the trade starts, the trade chat will be disabled. We will automatically send the buyer and seller’s bank account details to each other making Bank Transfers even safer and easier.

    Creating an offer:

    You can also create your own offer to buy cryptocurrency with bank transfers.

    Here are a couple of tips for your bank transfer offer:

    • Set a margin you find profitable as negotiations during the trade is not allowed
    • If you’d like to use the old Bank Transfer process and set your own offer terms, choose “Other Bank Transfer” as your payment method.

    After creating and publishing your personalized offer, wait for a seller to start a trade with you. Once a trade has started, you will receive a notification. Head to the trade to see all the necessary details and transfer funds to the account provided.

    Completing a trade

    Once you have paid the seller and uploaded proof of your payment, click "Paid". Your payment is not confirmed unless you click Paid and if you forget to do so, the trade will eventually expire and the cryptocurrency will automatically go back to the seller's wallet.

    The last step is for the seller to confirm the payment. Please be patient because this may take some time. Once the seller has confirmed the payment, they should release the cryptocurrency to you and complete the trade. 

    After trading

    Once the trade is completed, you can leave appropriate feedback for your trade partner. Also, if you like trading with the same user in the future, you can add them to your trusted list

    Here are some other tips on how to buy cryptocurrency in Noones.

     

  • Buying Cryptocurrency with Debit/Credit Cards

    At Noones, you can buy cryptocurrency with debit/credit cards, including prepaid cards. Here's how you can complete a trade using the said payment method. 

     

    Before trading

    Before buying cryptocurrency with your debit or credit card, please make sure that you have sufficient funds on it and that payments will not be blocked due to daily limits or any geolocation restrictions. 

    Trading

    Searching for an offer:

    The first step in buying cryptocurrency with debit/credit cards is to look for an offer that accepts the specific card type you have. You’ll also need to enter the amount you wish to purchase and the currency you prefer.

    After you have found a suitable offer, be sure to read the offer terms before opening the trade. This will show you a brief summary of what the seller will be requiring from you in regards to your payment.

    Once you have started the trade, a more detailed set of instructions will appear, which is called trade instructions. What the seller will require from you will vary depending on which specific payment you’ll be using.

    Creating an offer:

    You can also create your own offer to buy cryptocurrency with Debit/Credit Cards. 

    Here are a couple of tips:

    After creating and publishing your personalized offer, wait for a seller to start a trade with you. Once a trade has started, you will receive a notification. Feel free to discuss all the necessary details with your trade partner and finalize the payment.

    Completing a trade

    Once you have paid the seller and uploaded proof of your payment, click Paid. Your payment is not confirmed unless you click Paid and if you forget to do so, the trade will expire and the cryptocurrency will automatically go back to the seller's wallet. 

    The last step is for the seller to confirm the payment. Please be patient because this may take some time. Once the seller has confirmed the payment, they should release the cryptocurrency to you and complete the trade. 

    After trading

    Once the trade is completed, you can leave appropriate feedback for your trade partner. Also, if you like trading with the same user in the future, you can add them to your trusted list.

    Here are some other tips on how to buy cryptocurrency in Noones.




  • Buying Cryptocurrency with Online Wallets

    This article will give you an overview on how to buy cryptocurrency in Noones using online wallets such as PayPal, Skrill, etc. 

    Before trading

    Before buying cryptocurrency with your online wallet, please ensure that you have sufficient funds on it and that your transaction will not be blocked due to daily limits or other geographical restrictions. 

    Trading

    Searching for an offer:

    The first step in buying cryptocurrency with online wallets is to look for an offer from your chosen online wallet. You’ll also need to enter the amount you wish to purchase and your preferred currency.

    After you find a suitable offer, read the offer terms before opening the trade. This will show you a brief summary of what the seller requires from you regarding the payment.

    Once you have started the trade, a more detailed set of instructions will appear, which is called trade instructions. The seller’s requirements may vary depending on the online payment you’re using. For example, online wallets such as PayPal, Skrill, and Neteller will normally require an image of your ID.

    Creating an offer:

    You can also create your own offer to buy cryptocurrency with online wallets.

    Here are a couple of tips for your offer:

    • Set a margin you find profitable as negotiations during the trade is not allowed
    • Write clear offer terms and instructions
    • Make it clear as to who will be bearing the transaction fee if any

    After creating and publishing your personalized offer, wait for a seller to start a trade with you. Once a trade has started, you will receive a notification. Feel free to discuss all the necessary details with your trade partner and transfer funds to the account provided.

    Completing a trade

    Once you have paid the seller and uploaded proof of your payment, click Paid. Your payment is not confirmed unless you click Paid and if you forget to do so, the trade will expire and the cryptocurrency will automatically go back to the seller's wallet.

    The last step is for the seller to confirm the payment. Please be patient because this may take some time. Once the seller has confirmed the payment, they should release the cryptocurrency to you and complete the trade. 

    After trading

    Once the trade is completed, you can leave appropriate feedback for your trade partner. Also, if you like trading with the same user in the future, you can add them to your trusted list.

    Here are some other tips on how to buy cryptocurrency in Noones.

  • Buying Cryptocurrency with Cash Payments

    There are a variety of cash payments that you can use to buy cryptocurrency in Noones. Here's what you need to know.

    Before trading

    Before buying cryptocurrency with cash payments, here are a few things to consider:

    • Some payment methods such as Cash By Mail or Cash In Person, require full ID and address verification (for amounts higher than 50 USD per trade).
    • In case disputes, it is difficult for Noones to provide assistance be ready to file a Police report in such cases.

    Trading

    Searching for an offer:

    The first step in buying cryptocurrency with cash is to look for an offer that accepts cash as payment. You’ll also need to enter the amount you wish to purchase and your preferred currency

    When you find the offer that suits you, be sure to read the offer terms before starting the trade. This will show you a brief summary of what the seller requires from you regarding the payment. For Cash In Person, the offer terms should provide a brief list of meeting preferences.

    After reading through the offer terms and confirming that you can comply with all the requirements, it’s time to start the trade. Once the trade has begun, a more specific set of instructions should appear for the meetup. Usually, for cash trades, sellers will require a teller receipt from you. If at any point during the trade you feel confused about the instructions, feel free to send a message to the seller via trade chat. They should be able to help you with any questions that you may have.

    Creating an offer:

    You can also create your own offer to buy cryptocurrency with cash payments. Here are some things to consider:

    • Set a margin you find profitable as negotiations during the trade is not allowed
    • Write clear offer terms and instructions
    • Be clear on how you provide proof of payment and how much time you need to conduct the payment
    • For Cash In Person, state clearly where you want to meet

    Tip: Prefer public places for Cash In Person trades.

    After creating and publishing your personalized offer, wait for a seller to start a trade with you. Once a trade has started, you will receive a notification. Feel free to discuss all the necessary details with your trade partner and make the payment.

    Completing a trade

    For Cash In Person trades, once all the details have been settled, it’s time to meet up and give the cash to the seller by going to the specified location. Once this is done, click Paid and wait for the seller to release your cryptocurrency from escrow, which will directly go into your Noones wallet.

    Note that in Cash By Mail, the trade may require a lot of patience from both sides.

    With other cash payment methods, the payment process itself is usually quite simple. In any case, always make sure you have the correct details of the recipient, all possible proof of making the payment, and remember to click the Paid button in the trade chat.

    Once the seller has released BTC into your wallet, the trade is complete.

    After trading

    Once the trade is completed, you can leave appropriate feedback for your trade partner. Also, if you like trading with the same user in the future, you can add them to your trusted list.

    Here are some other tips on how to buy cryptocurrency in Noones.

     

  • Buying Cryptocurrency with Digital Currencies (Altcoins)

    Noones allows you to buy cryptocurrency with other digital currencies or altcoins. This article will show you exactly how to do it.

    Before trading

    Before buying cryptocurrency with digital currencies, make sure you have enough coins in your wallet. Also, make sure you have studied all the specifics related to the cryptocurrency you chose and be aware of any possible transaction limitations or specialties. 

    Trading

    Searching for an offer:

    The first step in buying cryptocurrency with digital currencies is to look for an offer that accepts the specific cryptocurrency you’re looking for. You’ll also need to enter the amount you wish to purchase and the currency you prefer.

    Note: You still have to choose your preferred fiat currency as it will be used as a reference point to the cryptocurrency's market price. However, it is advised to choose USD as cryptocurrency worldwide price is set in this currency.

    After you find a suitable offer, be sure to read the offer terms before opening the trade. This will show you a brief summary of what the seller will be requiring from you in regards to the payment. 

    Once you have started the trade, a more detailed set of instructions will appear, which is called trade instructions. What the seller will require from you will vary depending on which specific cryptocurrency you’ll be using.

    Note: The seller is responsible for providing you with a correct wallet address. Do not rush into making the transaction but double-check with the seller if the wallet address is final and 100% correct.

    Creating an offer:

    You can also create your own offer to buy cryptocurrency with digital currencies.

    Here are a couple of tips for your offer:

    • Set a margin you find profitable as negotiations during the trade is not allowed
    • Write clear offer terms and instructions
    • Be clear which side is bearing the transaction fee if any

    After creating and publishing your personalized offer, you have to wait for a seller to start a trade with you. Once a trade has started, you will receive a notification. Feel free to discuss all the necessary details with your trade partner and transfer funds to the wallet address provided.

    Completing a trade

    Once you have paid the seller and uploaded proof of your payment (transaction number), click Paid. If you don’t click this, the trade will expire and the cryptocurrency will automatically go back to the seller's wallet. 

    The last step is for the seller to confirm the payment. Please be patient because this may take some time. Once the seller has confirmed the payment, they should release the cryptocurrency to you and complete the trade. 

    After trading

    Once the trade is completed, you can leave appropriate feedback for your trade partner. Also, if you like trading with the same user in the future, you can add them to your trusted list.

    Here are some other tips on how to buy cryptocurrency in Noones.

     

  • Buying Cryptocurrency with Gift Cards

    Noones allows you to buy cryptocurrency with gift cards. This guide will show you how and what types of gift cards are supported.

    Before trading

    Here are a few things to consider before buying cryptocurrency with gift cards:

    • You can sell cards that you own personally
    • Make sure there is a balance on your card

    Trading

    Searching for an offer:

    The first step in buying cryptocurrency with gift cards is to look for an offer that accepts your gift card type. You’ll also need to input the amount of cryptocurrency you wish to purchase and the currency you prefer.

    When you find the offer that suits you (looking at how much cryptocurrency you’ll be getting on the dollar and the reliability of a seller), be sure to read the offer terms before starting the trade.

    Tip: Pay attention if a seller requires a receipt, accepts e-codes, or physical cards only.

    Once you have started the trade, a more detailed set of instructions will appear, which is called trade instructions. In some cases, sellers will have a step-by-step guide for you to follow.

    Creating an offer:

    You can also create your own offer to buy cryptocurrency with gift cards. Here are some things to consider:

    After creating and publishing your personalized offer, wait for a seller to start a trade with you. Once a trade has started, you will receive a notification. Feel free to discuss all the necessary details with your trade partner and finalize the payment.

    Completing a trade

    Once you have paid the seller and uploaded proof of your payment, click Paid. Your payment is not confirmed unless you click Paid and if you forget to do so, the trade will expire and the cryptocurrency will automatically go back to the seller's wallet.

    The last step is for the seller to confirm the payment. Please be patient because this may take some time. Once the seller has confirmed the payment, they should release the cryptocurrency to you and complete the trade. 

    After trading

    Once the trade is completed, you can leave appropriate feedback for your trade partner. Also, if you like trading with the same user in the future, you can add them to your trusted list.

    Here are some other tips on how to buy cryptocurrency in Noones.

    Additional tips

    • Most sellers accept gift cards that:
      • Have been bought with cash, so be ready with a picture of the receipt, sometimes the image of packaging may be also requested
      • Have a denomination printed on the card ($25, $50, $100, and so on)
      • Are clear and legible. Otherwise, sellers can reject it
    • You cannot sell a fraction of the card value. For example, if you have a $100 gift card, you can’t sell it for $30 out of $100 — You have to sell the whole card value.
      • Many also do not accept anything over $100. Remember to read their offer terms and instructions carefully before starting a trade and uploading details of the card to make sure that you have the right kind of card.
    • Remember to click the Paid button as soon as you have uploaded everything according to the seller’s requirements. This will prevent the trade from expiring and it will prevent your card details from being stolen.
    • Brokering of gift cards is strictly prohibited and goes against the Noones Terms of Service. Brokering refers to buying the gift card from someone else and then selling the card again in Noones. You are allowed to only sell the cards you purchased yourself. Once you sell the card and receive your cryptocurrency, you should not use the card anymore. If you are caught brokering or trying to sell used cards, your account will be banned.
  • How Much Bitcoin Do I Get?

    The price of Bitcoin relative to the dollar changes constantly every day and determines how much you get from trades.

    The amount of bitcoin you get also depends on whom you buy it from. Some sellers will sell you bitcoin with only a 5% margin, while others may set a margin as high as 50%. It is entirely up to the seller to set the price and you can choose to accept their terms or find a better offer that matches your expectations.

    Why is the price of bitcoin not equal to the international rate?

    While buying BTC, the price of bitcoin in an offer is not always equal to the official international rate. This logic is similar, for example, in buying American dollars for British pounds. Buying and selling fiat and cryptocurrencies is a free market where buyers and sellers can set their own prices and earn a profit for their time and service. Each seller sets their own price as he provides others an opportunity to actually make the exchange.

    Who sets the price?

    At Noones, the market price of bitcoin is calculated as an average of the rates as found on three different exchanges (Coinbase, Bitstamp, and Bitfinex). This is the rate that most sellers will use when you try to buy bitcoin. However, in Noones, sellers can define their own price. The price is usually slightly higher than the exchange price because of the convenience and speed you enjoy while trading bitcoin. The ultimate price of bitcoin is entirely up to the seller, and it is your responsibility as a buyer to look and identify the right offer for you. 

    How do I know the price of bitcoin and the amount I will receive?

    Look at the price/rate of each seller's offer. The lesser the price, the more bitcoin you get for the money you pay. If you want to know the current exchange price, check Bitfinex, Bitstamp or Coinbase then compare it to the price quoted by the seller. 

    At Noones, you can see how much you get on the dollar under Rate per bitcoin. It is always based in US dollar as the bitcoin price, before it gets converted to any other currency, is set in USD. 

    Example:

    • You choose an offer to buy bitcoin with bank transfer at a rate of 10,673.9 USD with a fee of 5,2%. This means for 1 USD of your bank transfer you get approximately 0,95 USD worth of bitcoin.
    • Let’s say you are willing to pay 100 USD to the seller. This means you get 95,1 USD worth of bitcoin which is 0.00936865 BTC.

    Is this trade profitable? If all other bank transfer offers have a less profitable margin, this trade would be a good idea. The profit or loss of a trade depends on the performance of bitcoin in the days following your purchase. If the bitcoin price goes up, you will be able to sell it and make a profit. If the price goes down, you may incur a loss if you try to sell it.

    Note: The bitcoin rate in the example is used for explanatory purposes. On the website, it is subject to constant change.

    Tip: Always plan ahead. As a buyer, you can always look for the right seller, offers, and rate that suit your budget and requirements. 

  • Is Buying Cryptocurrency Instant?

    Cryptocurrency trades are not always instant and the duration of the trade depends on several factors such as:

    • Payment method - Some payment methods take more time than others due to the time needed for the payment to be processed or any verifications that may be needed between the buyer and the seller.
    • Seller's Availability - Although offers are published and active, the seller may not always be online. 
    • Offer terms and instructions - Some sellers have specific conditions and steps for you to follow which may take some time.

    Actions to speed up your trade:

    • Read the terms of the chosen seller before starting a trade - Go through the terms carefully to ensure that the deal matches your needs.
    • Chat directly with the seller - Cryptocurrency sellers will often reply to inquiries directly, saving both of your time.
    • Choose offers from sellers who are online - The seller's "last seen" online status is shown under the seller’s name.

    Here are some tips on buying cryptocurrency to improve your experience on our platform.



  • Why is the Cryptocurrency Rate different from what I see in other platforms?

    Noones uses "market rate" on some currencies instead of “bank rate” because the latter is usually less favorable. Some of the currencies that use the market rate in Noones to help communities make the most out of their currencies are the following:

    • Argentine Peso
    • Nigerian Naira

    When trading in Noones, keep in mind that the rate may be different for these currencies than what you see in other platforms.

    To see the price of BTC in Noones in your currency, check out this page