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1  Economy / Exchanges / Re: Is paxful legit? on: September 07, 2019, 10:54:07 PM
I have been using Paxful since July 2019. I had a guy teach me about how to do deals on amazon and earn bitcoin. I was so happy to learn because i have been wanting to earn bitcoin. As of today September 2019, I have lost over $2000 on Paxful. The first problem is that most people don't realize amazon has many rules that will block you from your account and lock up the gift cards you bought on Paxful. You will have no way of knowing if its because of a chargeback or something you bought on amazon that is a booby trap item like digital gift cards that will get you locked out of your account just for purchasing them….. even using a higher denomination card like a $500-$1000 dollar card will get your Amazon account locked and you money stolen by Amazon…even using your amazon gift cards to make purchases while traveling can lock up your funds or forgetting to turn off your VPN when making a purchase can result in your money being locked away from you by Amazon. The point is you can't even know who to blame and it can be a financial nightmare. Most scams are pretty obvious but I was scammed buying prepaid gift cards with BTC because if you don't spend the card right away the buyer can get your bitcoin payment and spend the card so you get nothing, and how can Paxful know who spent what so disputes are ignored by Paxful. I recently started trading through digital wallets which are an equal nightmare to gift cards. I was selling bitcoin for Google Pay and I received $500 USD to my Google Pay account from a trade with one of Paxful’s many scam artist and released the bitcoin and the scammer simply canceled the payment on google pay and my bitcoin is stolen. I can easily prove this but still nothing will be done by Paxful to retrieve your stolen bitcoin…And you can prove that this is happening all the time on Paxful.. but the attitude of Paxful is that you didn't do your due diligence and it's your fault for lack of experience and the only way to get better is to lose your money and learn how not to be scammed. See this is the thing at I think Paxful need to help its community with. Instead of letting these scams happen they could at least write some procedures to make it so an inexperienced trader can read about what to do to protect themselves beforehand to being scammed…This learning the hard way just seems malevolent. I mean how does anyone know that google pay can send money and then take it right back. Scammers know, so they target new traders all day long on paxful…scammers are so empowered by this. And honest sellers of bitcoin just keep getting screwed. Ray Youssef this seems to be the only article about the types of scams that go on all the time on Paxful but there are no real instructions on how to avoid them especially if your new to Paxful. I just think that it's a shame… and it has boldened and empowered scammers on Paxful to the point where it's getting out of hand. I would say 90% or more of the trades new vendors have to deal with are scams…I don't think honest traders stand a chance on Paxful. Especially with Amazon granting its self permission to steal the gift cards balances from its own customers and Amazon Gift Cards are the top cards trading on Paxful for bitcoin. These are large companies looting the little guy. Amazon is a very immoral company in how they have decided to profit in this way by bullying and stealing from the Paxful and bitcoin community and its no small amount that has been stolen by Amazon. Paxful I wish you could make traders aware of this and condemn Amazon for profiting from the theft of gift card balances from its customers. 
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