Paxful is Coming Back but...

[Potato Chips]

If you try to register on paxful.com, you'll be greeted with the following message:

We’re back.

After a month away, we’re happy to announce that the Paxful marketplace is back online.

In early April, we faced a difficult decision to temporarily suspend the marketplace to protect all of our customers and Paxful’s future.

Throughout the suspension the Paxful Wallet remained fully operational for our users and the community were also offered a selection of peer-to-peer platforms to continue trading on.

Over the last month, our team has worked diligently to get the marketplace back online with the safety and security of users paramount.

We know it has been a difficult time for many of our users, who were understandably surprised by the sudden suspension, however, we are delighted to be back so that we can continue to serve millions of people without financial access.

Let’s keep building for the 100%.

However it wouldn't be the exact same team as I see the previous CEO advising people to stay away from it when asked.

I have resigned as ceo, withdrawn my funds and would not trade there ever again. Good luck

No way bro. Not going back. It is a disaster waiting to happen. My cofounder destroyed the company and everyone has left. Beware

I resigned as ceo and took out my funds. I will not be going back or trading there under any circumstances. No idea what will happen there.

Tbf, even without these tweets, I wouldn't deposit any money to them. AFAIK, a portion of funds are still frozen and even if we say they paid all of these back, it wouldn't mean the company is in good health. I'd tread cautiously o7

[logfiles]

Looks like there was an internal dispute between the owners, lol

I didn't know about this, but it now seems to make sense.

So apparently, the CEO Ray Youssef reigned from Paxful but is now working on a new "P2P electronic marketplace" civkit

And?



If we recall the letter paxful customers got about the shutdown, the recommendation was to use noones. So it's more like a breakaway from Paxful after a possible dispute, and now the other parties are trying to fight back by opening the platform again.

I would avoid using the platform completely.

[Potato Chips]

If we recall the letter paxful customers got about the shutdown, the recommendation was to use noones.

Was this when other platforms where recommended as well but noones' features were listed in bullet points? lol and when looked closely it's a copy of paxful! 

Looks like there was an internal dispute between the owners, lol

Yes lol. I'm honestly not good with dramas so I'll be staying away from both sides. It's not like noones is offering something new. Last I heard, they were having troubles with user load.

[virasog]

Tbf, even without these tweets, I wouldn't deposit any money to them. AFAIK, a portion of funds are still frozen and even if we say they paid all of these back, it wouldn't mean the company is in good health. I'd tread cautiously o7

Though Paxful was a good platform but i would not use it again unless and until i am confident that they are providing the same Servies with same honesty. It was not long ago when they ceased their operations. PEER-TO-PEER BITCOIN EXCHANGE PAXFUL SUSPENDS MARKETPLACE. And now they are coming back. If there were disputes between the owners it should have been sorted out without closing their services.  Since there are many other P2P platforms, better not use Paxful for the time being.

[Darker45]

I guess it's better to just avoid Noones and Paxful altogether.

I particularly am suspicious of Youssef. The guy seems manipulative and sneaky. Back when he announced that Paxful is shutting down, he wasn't honest and transparent. He only mentioned about "key staff departures" and the usual "regulatory challenges" before he moved on to a rather detailed promotion of Noones. It even came as a surprise that you can actually log on to Noones with your Paxful details, even your KYC. Your trades will also be reflected on the new platform.^[1]

With this new update, it seems Youssef's co-founder Artur Schaback's lawsuit against both Paxful and Youssef is gaining the upper hand. And now Youssef is badmouthing the very platform he used to protect. The guy's a dirty player.

[1] https://twitter.com/greybtc/status/1643367997417947136?

[Despairo]

It's simple, this is just a mind game in business, since Ray Youssef is no more a CEO in paxful, that why he ask other people to not use it again. If paxful comeback get their traffic back, he will not earn any profit anymore, why he need to support and convince people to use paxful?

However, paxful is already a custodial P2P in the first place, which is a bad site if you want to protect your privacy. I'd say paxful is already a bad P2P before they were suspended their operation.

[Oshosondy]

Though Paxful was a good platform but i would not use it again unless and until i am confident that they are providing the same Servies with same honesty.

What I did not like about Paxful was that anyone can create ads, I left the exchange more than two years ago. I prefer exchanges that people have made up to certain number of trades and that have account registered for certain number of days before creating ads, rather than anyone that just open an account. Maybe this changed after I left. What made me more discouraged is when they made KYC mandatory.

It was not long ago when they ceased their operations. PEER-TO-PEER BITCOIN EXCHANGE PAXFUL SUSPENDS MARKETPLACE. And now they are coming back. If there were disputes between the owners it should have been sorted out without closing their services.  Since there are many other P2P platforms, better not use Paxful for the time being.

Paxful is not P2P exchange. P2P exchanges are decentralized, not centralized. Example of a decentralized exchange which is regarded as P2P is Bisq.

I too will not advice anyone to use Paxful for now too, there are many platforms now that you can exchange to fiat.

[tbct_mt2]

Paxful is not P2P exchange.

They are like Binance P2P or other P2Ps from other centralized exchanges. They are not actual P2P marketplaces but I know people prefer convenience, quick trade experience than their privacy that requires a little bit more time to complete their trades. On actual P2P marketplaces, trading volume will be lower and your trade order usually needs more time to find a trade partner and complete that trade with your P2P trade partner.

P2P exchanges are decentralized, not centralized. Example of a decentralized exchange which is regarded as P2P is Bisq.

Other alternatives for Bisq is AgoraDesk, RoboSats. Reviews and website links to those alternatives, from KYCnot.me.
https://kycnot.me/

[dkbit98]

So apparently, the CEO Ray Youssef reigned from Paxful but is not working on a new "P2P electronic marketplace" civkit

Maybe this is not such a bad thing after all.
Just few days ago I was thinking that almost all P2P exchanges would stop existing, and now we see new one is being announced and Paxful is back.
Important thing now is to monitor how both of them will handle kyc verification, but I am sure they will start competing and offering better terms to attract new customers.
Best P2P alternative for me right now is Peach Bitcoin for mobile, and Bisq exchange for desktop computers.

[Ultegra134]

I've never used Paxful and certainly wouldn't use it now. Personally, I wouldn't trust any platform that shut down its operations and restarted them after a period of time for whatever reason, even if it didn't scam its users in the process. The tweets sound like an internal dispute between two of the founding staff members of the company, which is making both look bad. Even though I wouldn't use such a service after going through all this trouble, it's easy to suppose that his tweets are a mere and desperate attempt to hurt the company in which he was involved. I'd also dare to suppose that he could have also been fired, and he's spitting out venom to cause issues.

[tabas]

I'll not be wanting to deposit there after such goodbye to the public and then now there's a takeover of another management. They've never planned it very well on how to announce their departure and then being handled to another management. That's just so confusing to the many and before such disclosure, they should have make these matters clear before putting it up on the public. This conflict isn't good for any business and them that have already announced their closure, then, it will make more scare to the people that would want to use them.
Well, just like everyone is saying and it's a friendly advice that don't deposit any amount of them.