Baofeng are cheap-ass Chinese ham band radios.ZEROvoice encryption capabilities, only squelch identity keys. Any other radio will have the squelch opened when a transmission is detected. The "key" is likely just a ctcss or similar dtmf string code so that other non coded squelch won't disturb the operation between each radio.
I repeat:ANYother radio will still be able to hear the non-encrypted speech as clear as a bell!