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Author Topic: Looking for a low-risk way to sell my Paxful account. Advice appreciated  (Read 137 times)
I_savor_your_pets (OP)
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August 20, 2021, 07:02:39 AM
 #1

(Hi mods, if this post doesn't belong here, please move it to the right place. thanks)

So I stored about $1k worth of bitcoins on Paxful when ID verification wasn't required, but I can't withdraw now because of Paxful's new ID verification policy.

I definitely played myself here, and I'd appreciate any suggestions on how to legally withdraw from Paxful without doing ID verification.

The only thing I can think of is selling my Paxful account at a 50% discount, and I'm willing to do it face-to-face if we're in the same city (in north america).

I'm also willing to use a reputable escrow here and bear all fees if we do this online, but I'm not sure how to really do it this way.

If anyone knows how I can sell my Paxful account somewhat safely, please offer a suggestion. Thanks.
Potato Chips
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August 20, 2021, 10:58:58 AM
 #2

I'm assuming someone else's info can still be used to verify your account. I've never had a paxful account so I'm not really sure.

There's no way to sell it safely or even with a low risk. We can't really trust someone (especially a complete stranger) to not use it for shady activities which you could end up being accused of cause some of the information you entered in paxful could be traced back to you such as phone number, crytocurrency addresses, etc...

Have you tried talking about your situation with paxful?

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I_savor_your_pets (OP)
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August 20, 2021, 11:37:41 AM
 #3

Thanks for the response. You're right that the account can be verified with another person's ID because it's simply phone-verified at the moment.

Paxful is asking me to follow its standard ID verification procedures, and I'm hoping to find someone who can verify my account, withdraw the bitcoins, and close the account. The problem is I don't know if there's any way to do this safely.
JeromeTash
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August 20, 2021, 09:24:59 PM
 #4

Have you thought about the fact that if you handed over your account to someone else, they could use it for criminal activities and if investigations were to take place all the data logs like past transactions, IP addresses, email etc. from the time you registered could be used to trace you?

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I_savor_your_pets (OP)
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August 21, 2021, 05:04:29 AM
 #5

Appreciate the warning and what you said could definitely happen. Maybe I should just walk away from this thing.
I_savor_your_pets (OP)
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August 21, 2021, 11:42:52 AM
 #6

Handing over a clean copy of my photo ID seems too risky for $1k, especially when Paxful's previous ID verification provider was hacked and 4.8 million user data went on sale for 1btc on the darkweb. I don't want see my ID and my verification video being sold anywhere, so now I'm stuck in this position.
Potato Chips
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August 22, 2021, 03:56:08 PM
 #7

or you're in condition where you desperately need money.

and when this time comes, don't go for a complete stranger, look for someone you trust (and pray you won't get thrown under the bus) if they're interested in buying the account. It doesn't eliminate the risk completely nor make it low but it's a lot better than trusting a complete stranger.

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.. PLAY NOW ..
I_savor_your_pets (OP)
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August 24, 2021, 06:28:04 AM
 #8

These are good suggestions. I'll leave the account for now. Thanks for chipping in everybody.
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