How i made $1000 in a week selling bitcoins with coinbase and paxful

[aleandromagno]

I wish one of the https://wallofcoins.com users would post "How I lost $8000 selling on Paxful". In fact, I'll see if he has a bitcointalk.org account....

Soon we can expect such a post. Even a topic might get initiated " I lost certain dollar using PAXFUL ". Any suggestions or support to get back the lost bitcoins worth of some dollars.

I do not like such stories, and certainly I will not be trying this method. However, i'm interested what the threat might be to use the PAXFUL service?
How would anyone lose money whilst using their services? Are you suggesting that the whole project is a scam?

[1714775395]

1714775395

[rgenito]

I wish one of the https://wallofcoins.com users would post "How I lost $8000 selling on Paxful". In fact, I'll see if he has a bitcointalk.org account....

Soon we can expect such a post. Even a topic might get initiated " I lost certain dollar using PAXFUL ". Any suggestions or support to get back the lost bitcoins worth of some dollars.

I do not like such stories, and certainly I will not be trying this method. However, i'm interested what the threat might be to use the PAXFUL service?
How would anyone lose money whilst using their services? Are you suggesting that the whole project is a scam?

No one likes these stories. It sucks. This is how he lost the money: someone did an order with him to buy bitcoin, and the cash amount was $8000. The buyer turned out to be some cash scammer who convinced someone that they were buying a car on ebay--convinced them to deposit $8000 into his Wells Fargo account to pay for the buyer's bitcoin. Paxful doesn't have (or didn't have) protections against this--especially when experienced cash traders *know* that Wells Fargo tellers can and will return the cash to the buyer if they believe the buyer was scammed. And that's exactly what happened: after he told Paxful the order was paid for and the buyer got the coins, Wells Fargo gave the cash back to the customer.

Nothing like this has *ever* happened on Wall of Coins and we've been running strong >18 months serving the bitcoin community. We are very aware of this and have implemented a software security intelligence layer and strong businesses process to prevent such things. I'm just venting, because I wish other companies would put the security of their users first. The customer who lost $8000 using Paxful contacted me, frustrated with this happening on their platform and desperate to find out if there was anything he could do. I gave him the bad news, and he found out shortly that Wells Fargo was terminating his account

People reading this should just learn from what happened to him.

[romero121]

I wish one of the https://wallofcoins.com users would post "How I lost $8000 selling on Paxful". In fact, I'll see if he has a bitcointalk.org account....

Soon we can expect such a post. Even a topic might get initiated " I lost certain dollar using PAXFUL ". Any suggestions or support to get back the lost bitcoins worth of some dollars.

I do not like such stories, and certainly I will not be trying this method. However, i'm interested what the threat might be to use the PAXFUL service?
How would anyone lose money whilst using their services? Are you suggesting that the whole project is a scam?

It doesn't looks to be a complete scam, but it won't gonna benefit us in any means. Just we are helping him promote his service free.

[aleandromagno]

I wish one of the https://wallofcoins.com users would post "How I lost $8000 selling on Paxful". In fact, I'll see if he has a bitcointalk.org account....

Soon we can expect such a post. Even a topic might get initiated " I lost certain dollar using PAXFUL ". Any suggestions or support to get back the lost bitcoins worth of some dollars.

I do not like such stories, and certainly I will not be trying this method. However, i'm interested what the threat might be to use the PAXFUL service?
How would anyone lose money whilst using their services? Are you suggesting that the whole project is a scam?

No one likes these stories. It sucks. This is how he lost the money: someone did an order with him to buy bitcoin, and the cash amount was $8000. The buyer turned out to be some cash scammer who convinced someone that they were buying a car on ebay--convinced them to deposit $8000 into his Wells Fargo account to pay for the buyer's bitcoin. Paxful doesn't have (or didn't have) protections against this--especially when experienced cash traders *know* that Wells Fargo tellers can and will return the cash to the buyer if they believe the buyer was scammed. And that's exactly what happened: after he told Paxful the order was paid for and the buyer got the coins, Wells Fargo gave the cash back to the customer.

Nothing like this has *ever* happened on Wall of Coins and we've been running strong >18 months serving the bitcoin community. We are very aware of this and have implemented a software security intelligence layer and strong businesses process to prevent such things. I'm just venting, because I wish other companies would put the security of their users first. The customer who lost $8000 using Paxful contacted me, frustrated with this happening on their platform and desperate to find out if there was anything he could do. I gave him the bad news, and he found out shortly that Wells Fargo was terminating his account

People reading this should just learn from what happened to him.

Is difficult to me, find out who is more guilty in this story. Of course it is scammer, but it looks like car buyer should to be more careful and not deposit money on account that is not "car seller" account.
In my opinion he is very lucky that Wells Fargo gave him cash back.

[maokoto]

I would not trust that link ... when you have such a good method to earn money, it is hard to think why would you share it in a public forum.

[yellowcat1771]

I would not trust that link ... when you have such a good method to earn money, it is hard to think why would you share it in a public forum.

To be honest i find yours and everyone else's acquisitions of my website being unsafe toxic. Have a look at a google virus scan for yourself https://www.google.com/transparencyreport/safebrowsing/diagnostic/#url=northyorknews.com
and i simply shared the method because i have finished using it. Paxful controls 5% of the bitcoin block chain to those who think its just a scam site. It is also heavily backed by backpage.com which is one of the top classified websites online.

[rgenito]

I would not trust that link ... when you have such a good method to earn money, it is hard to think why would you share it in a public forum.

To be honest i find yours and everyone else's acquisitions of my website being unsafe toxic. Have a look at a google virus scan for yourself https://www.google.com/transparencyreport/safebrowsing/diagnostic/#url=northyorknews.com
and i simply shared the method because i have finished using it. Paxful controls 5% of the bitcoin block chain to those who think its just a scam site. It is also heavily backed by backpage.com which is one of the top classified websites online.

Do you have any sources that show Paxful "controls" 5% of the bitcoin block chain? Sounds like some Paxful insider information for me... wink wink