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Author Topic: Is Paxful planning an exit scam ?  (Read 77 times)
shegazy82
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January 22, 2018, 06:08:58 PM
 #1

My profile:
https://paxful.com/user/sqrtms1

Anyone who often trades on Paxful knows that there are scam networks operating on this site, any experienced trader knows about the PP scams, the AGC scams, the bank transfer scams …etc, but some moderators seem to have no clue how this business works. I had undergone all sorts of attacks and in most cases the admins tend to favor the scammers, even in cases of straight coin locking/blackmail. It seems that all efforts done on this site is a waste.

I trust these people with my money and my time but it seems I am blowing in the wind.

I was selling BTC for PP and my listing was at + 20%, I closed a deal for 150 USD and the person received 120 USD in BTC. I was left with a negative feedback and Paxful banned me with all the coins I had, as he complained he got only 120USD in BTC when he sent 150 USD to my PP.
Keep in mind I had more than 1BTC during most of  forks and according to the BlockChain which doesn't lie all the fork coins had been redeemed the next day of the fork, you can simply type your Paxful wallet address on a BCH explorer or similar and then they had been long spent. Luckily I shared screenshots of all that.

After 7 hours I got a response from a moderator telling me I was banned because I asked Amazon gift card sellers to cancel when they didn't follow my rules and then they reported the cards were redeemed.

The last trade I had was with a guy throwing at me a receipt that has no serial and a card I have no I idea where it came from then marking paid, Are the moderators unaware of what is going on in this market and how easily scams happen?
Don’t they know how much redeeming Amazon is risky? And just to let you know these are my rules:


Terms:
By initiating a trade you have understood and accepted the below:
•   This offer is for US AmazonGiftCards only.
•   You have a physical cash receipt and the matching card in hand, I will not be responsible if you are a reseller as I may ask as for different pictures from the one you will share.
•   Do not share anything without me asking for it.
•   If you violated the terms you must cancel upon request.
•   If I asked you to cancel at any time before you pay you must comply without asking for any reasons
•   You will strictly follow the trade instructions.

Instructions:


Please read the terms if you haven't read them already

1.   Wait for me to initiate a chat
2.   Share a clear photo of the receipt. Make sure it includes all 4 corners of the paper. This must be the receipt that shows the method of payment
3.   Do not share anything else until I ask you to, If you did you must cancel
4.   I examine the receipt and I decide whether I ask you to share the card or cancel the trade

Optional:
To avoid having problems I advise you to go to http://www.amazon.com/redeem  put the claim code and press check. Please do not press redeem of keyboard enter otherwise you will lose the balance.

Take a screenshot and make sure you have this trade window in your explorer bar and you have the time and date available.
You can skip this step if you want, your choice.
Receipt is OK.
If you don't want to do this. Please move to step 5.

If I decided to proceed you must share a clear picture of the card if the numbers on it are matching the receipt.   Make sure I can see all 4 corners of the card
5.   If everything is fine I redeem
6.   Escrow will be released in less than 5 minutes


There is nothing wrong with what I do and there never will be, support never bothered to actually communicate with me and they just listen for none sense.

Last when I looked up my BTC wallet on the blockchain all the coins were drawn from it.
I had zero coins, it seems Paxful robbed me off

Please share your opinions. 

Bitrated user: saherhegazy.
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January 22, 2018, 07:52:03 PM
 #2

If you expect them to perform a exit scam then take all of your investment out and warn others like you have done here. People can then make their own minds ups. It does look like something is going on, but it's speculation at this point.

minersday
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January 22, 2018, 10:33:53 PM
 #3

If you expect them to perform a exit scam then take all of your investment out and warn others like you have done here. People can then make their own minds ups. It does look like something is going on, but it's speculation at this point.

I have been using PaxFul for buying some iTunes Gift cards and so other kind of stuff like PayPal money in there.

But yes, it is incredible that they are taking forever in order to answer to their support tickets, and most times they are not even answering them at all.

It was a good decentralized exchange (if i can call it like a descentralized one) But i enjoyed this one, and it is pretty sad that they are full of shit right now.


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Youghoor
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January 22, 2018, 11:09:18 PM
 #4

It works fine for me.. I have been doing some trades yesterday's night for some Dell gift cards and it all went very smoothly, in fact, i did it with a guy of this forum that has an account in Paxful.

It works fine, but in the end, let's be realistic, no one cares about paxful, and for me, it is pretty dead right now.

And if you are going to sell bitcoin in there, then why the fuck you aren't using Localbitcoins?

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January 22, 2018, 11:20:27 PM
 #5

If you expect them to perform a exit scam then take all of your investment out and warn others like you have done here. People can then make their own minds ups. It does look like something is going on, but it's speculation at this point.

I have been using PaxFul for buying some iTunes Gift cards and so other kind of stuff like PayPal money in there.

But yes, it is incredible that they are taking forever in order to answer to their support tickets, and most times they are not even answering them at all.

It was a good decentralized exchange (if i can call it like a descentralized one) But i enjoyed this one, and it is pretty sad that they are full of shit right now.



Could just be slow support around this time of year for what ever reason. I've never used them but I imagine they haven't got a very big team to be able to cover all of the support tickets. It's just general good advice to take any money out and wait until the situation is cleared up.


shegazy82
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January 23, 2018, 07:10:38 AM
 #6

It works fine for me.. I have been doing some trades yesterday's night for some Dell gift cards and it all went very smoothly, in fact, i did it with a guy of this forum that has an account in Paxful.

It works fine, but in the end, let's be realistic, no one cares about paxful, and for me, it is pretty dead right now.

And if you are going to sell bitcoin in there, then why the fuck you aren't using Localbitcoins?


I am using LBC the thing is LBC doesn't let me advertise to buy with PP
Also their interface needs update

Bitrated user: saherhegazy.
timerland
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January 23, 2018, 09:31:27 AM
 #7

Just absolutely crazy administrating and moderating. Though this isn't proof yet that they are exit scamming. It just proves that they are indeed something that should not be trusted and they lack significant amounts of experience to operate their business.

Anyone who has used localbitcoins for even 2 trades will know that if you don't follow the seller's instructions, you will be penalised by the site and if you complain the site will not side with you. But apparently this is not the case in paxful.

The worst thing is that you got banned because of someone not following your rules... Crazy. They must not understand how much risk there is in PP and AGC trades.

Though i would like to see some screenshots as proof that this all happened, still.

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January 23, 2018, 04:58:26 PM
 #8

Paxful has been serving me well for the past 6 months now  and I have never had any issue with them I do exchanged bitcoin for skrill or vice versa and all my transactions had been swiftly done, I don't belief they are planning exit scam although there are some reported cases of bitcoin theft in some customers wallets which were mysterious transferred to another wallets this occurred to customers who refused to do 2FA as a security measure.



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May 07, 2018, 03:22:47 PM
 #9

paxful need to do something about coin locking. I usually sells bitcoins for ebay gift cards which is becoming extremely difficult these days. Sometimes these guys will locked your coins for hours.
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