Anyone is still using Paxful?

[Findingnemo]

Paxful closed its service in April probably due to an internal dispute between founders but after a month they came online with new CEO,

I haven't used their service since April so I would like to hear opinions about anyone who used the Paxful platform cause I want to know is it just same as before?

I know it is a KYCed p2p platform so no need for anyone to suggest about no KYC P2P alternatives like Bisq cause I want to make sure everything is okay before resuming my day trading activities on that Paxful.

[Oshosondy]

Go to Paxful yourself, you will see people that are advertising their ads for buying and selling on the site and you will easily know if there are active trades on the exchange.

I know it is a KYCed p2p platform so no need for anyone to suggest about no KYC P2P alternatives like Bisq cause I want to make sure everything is okay before resuming my day trading activities on that Paxful.

Paxful is not P2P, it is just like Binance, Kucoin P2P and others that are centralized. Bisq is a decentralized exchange. P2P exchanges are not centralized.

[logfiles]

I have never used it even before, for the obvious reason.

But from the look of things, it appears there was an internal dispute between the owners and this topic was raised back in May Paxful is Coming Back but...

The platform has a lot of controversy and I wouldn't trust my funds with it. In short, this is what i said in the other thread.

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.

[OmegaStarScream]

I have been keeping an eye on the numbers from monetory.io since the shutdown of Paxful (after most users switched to the platforms listed there) and it doesn't look like people went back to Paxful.

Paxful was also mostly known for gift cards, and if you check their offers now, you can see there isn't much (compared to what they had before), and even if there are, it's mostly some unrealistic ones.

So if you're trying to decide whether to come back or not, I wouldn't recommend doing so. Not only it may be a waste of time but it's also risky if you take into consideration what has been mentioned above.

[Yamane_Keto]

I did not expect that they would come back so quickly, but this is what happened. The problem is that their old method has become useless with fierce competition from services such as Binance, Kucoin P2P, so it is better for you to wait for another month and see if they made radical changes and were in a positive direction then. You can go back and use that exchange, otherwise you will forget about it and it will slowly die.

The criterion for success is the number of advertising their buying and selling ads.

[ralle14]

I also saw that message in my email two months ago, they're not the same as they used to be since I don't see the users that I regularly trade with back then.

It's best to put your trading activity on hold for now or look for a different platform, as there are only a few verified users posting offers, and then the rest that I saw don't have a lot of positive feedback.

[tabas]

They keep on sending me email notice. Although I have never used them as well before, I've got no plans on using them even if they'll send me an email about the most interesting offer and promos soon. I don't like to get into a platform that has a problem and already disclosed their closure and then will come back alive to its operation. I don't know what problems they will even experience in the near future and hopefully, not that many users will be affected. It seems OP you'll not have someone here that currently uses them so, it's up to you to try them on your own.

[Findingnemo]

Go to Paxful yourself, you will see people that are advertising their ads for buying and selling on the site and you will easily know if there are active trades on the exchange.

I have been watching the Platform ever since they were back, there is no lack of liquidity there or at least for the currency which I generally trade with so isn't about that I just want to make sure their trading experience, withdrawal, and deposits are smooth.

Paxful is not P2P, it is just like Binance, Kucoin P2P and others that are centralized. Bisq is a decentralized exchange. P2P exchanges are not centralized.

Paxful is P2P since the platfrom is not creating the trade orders or set prices, its where the buyer and seller choose whatever they want and the platform collects flat1% fee and also I am encouraging the use of decentralized p2p like Bisq but with my case the volume for the order I prefer is absolutely zero and I created an offer it just sat there for very long.

I have been keeping an eye on the numbers from monetory.io since the shutdown of Paxful (after most users switched to the platforms listed there) and it doesn't look like people went back to Paxful.

I am only deal with bank transfers and it's only with the members that I trust also I can see there is no declining in the demand, I am just afraid that if I don't move in back at right time then I am concerned those traders I usually trade might move to others.

[Husires]

What attracts people to peer-to-peer exchanges is the availability of reliable sellers at good prices. As soon as these two conditions are met, I will use that service. It is unlikely that Paxful will turn into scam, if there are trusted users and multiple possibilities to buy and sell bitcoin, why not, at least the Paxful is old and you can find ratings from several years ago, but the new platforms require users for years to build their trust profile, or you will depend on that You are trading outside the platform and therefore the risk is greater than the possibility of being scammed.

I'm glad they're back again, the more options we have to buy bitcoin is better, Binance dominate the crypto market and this absolute dominance is not a good thing.

[OmegaStarScream]

-snip-
I am only deal with bank transfers and it's only with the members that I trust also I can see there is no declining in the demand, I am just afraid that if I don't move in back at right time then I am concerned those traders I usually trade might move to others.

This is probably worth checking too: https://www.reddit.com/r/paxful/

Lots of people are reporting being scammed, sometimes even by very reputable sellers on the platform. It's difficult to say what's going on here. Did the sellers suddenly decide to scam? Does someone from the previous administration still have access to the accounts somehow? Is the new administration scamming users?

[Findingnemo]

-snip-
I am only deal with bank transfers and it's only with the members that I trust also I can see there is no declining in the demand, I am just afraid that if I don't move in back at right time then I am concerned those traders I usually trade might move to others.

This is probably worth checking too: https://www.reddit.com/r/paxful/

Lots of people are reporting being scammed, sometimes even by very reputable sellers on the platform. It's difficult to say what's going on here. Did the sellers suddenly decide to scam? Does someone from the previous administration still have access to the accounts somehow? Is the new administration scamming users?

Had a look but you can find most of the scams reported is most likely social engineering scams or when they are dealing with feshly created accounts because where they fell for the offers that they never imagined like over 60% than market place which is obviously coming from source that is not legit or from theirs which kind should be avoided at any cost.

Anyway, I will give it a shot myself with a small amount for a while to realize their user experience.

[Oshosondy]

This is probably worth checking too: https://www.reddit.com/r/paxful/

Lots of people are reporting being scammed, sometimes even by very reputable sellers on the platform. It's difficult to say what's going on here. Did the sellers suddenly decide to scam? Does someone from the previous administration still have access to the accounts somehow? Is the new administration scamming users?

It is centralized P2P. P2P is not centralized but for the sake of understanding what I am talking about. If you want to sell your coin, only release the coin from escrow after you have seen the money the buyer send to your account. If you are the buyer, fast to report if the seller is hesitating to release coin after you have sent the money. I am referring to newbies.

For gift card, it is normal on gift card exchanges that a card has been used which will lead to something like scam or not scam. One thing I have hate to do online is to sell gift card. I sell only bitcoin and stable coin like USDT.

Because of what I saw on the link that you give us above, I will say that people should not use Paxful again if the issue is not about gift cards.

[Husires]

For gift card, it is normal on gift card exchanges that a card has been used which will lead to something like scam or not scam. One thing I have hate to do online is to sell gift card. I sell only bitcoin and stable coin like USDT.

How does Paxful provide a gift card escrow service, where you cannot redeem thses cadrs more than once, so how escrow know who this scamming, as I can withdraw the balance of the gift card and claim that it was used or could be stolen, hacked, or with an incorrect balance, how does Paxful escrow work here. Binance P2P is currently the best as Binance can freeze, delay and control trading with the possibility of spot and staking and other features of binance which not only P2P.

[Oshosondy]

How does Paxful provide a gift card escrow service, where you cannot redeem thses cadrs more than once, so how escrow know who this scamming, as I can withdraw the balance of the gift card and claim that it was used or could be stolen, hacked, or with an incorrect balance, how does Paxful escrow work here. Binance P2P is currently the best as Binance can freeze, delay and control trading with the possibility of spot and staking and other features of binance which not only P2P.

About gift cards, I have people in my area that do complain that the buyer of the gift card will say the card has been used. How Paxful will know the person that is saying the truth between buyer and seller, I do not know. This is one of the reasons I avoid anything about gift cards. But you can check buyers and sellers that are trustworthy on the exchange with users positive and negative ratings.

For bitcoin and other crypto P2P centralized exchanges, there are other exchanges that are good. Kucoin, OKX, Bybit and Huobi are all good too. And some other exchanges can be good too. Have you used P2P on such exchanges that I mentioned before?

[Findingnemo]

For bitcoin and other crypto P2P centralized exchanges, there are other exchanges that are good. Kucoin, OKX, Bybit and Huobi are all good too. And some other exchanges can be good too. Have you used P2P on such exchanges that I mentioned before?

Yes, I am also using Binance p2p which has the same risk as doing on Paxful but only better thing is we can expect the better support and hopefully the scammers account will be held until everything resolves.

But in my experience using LBC for years and Paxful for a while met with lot of scammer's attempts and even some succeeded such as chargebacks and all I did is successfully terminated all their accounts and funds were locked indefinitely.

I am wanting to do these p2p deals on Paxful and also on Noones ( doing it since Paxful closed) is to make some money via deals of offering to sell and buy services.

[coupable]

For gift card, it is normal on gift card exchanges that a card has been used which will lead to something like scam or not scam. One thing I have hate to do online is to sell gift card. I sell only bitcoin and stable coin like USDT.

How does Paxful provide a gift card escrow service, where you cannot redeem thses cadrs more than once, so how escrow know who this scamming, as I can withdraw the balance of the gift card and claim that it was used or could be stolen, hacked, or with an incorrect balance, how does Paxful escrow work here. Binance P2P is currently the best as Binance can freeze, delay and control trading with the possibility of spot and staking and other features of binance which not only P2P.

This is one of the factors that used to harm Paxful's reputation, and some consider it a space for scammers. However, this does not negate the fact that there are many successful transactions, and even the complaints of the referrals may not be dealt with objectively if the seller is reliable and the reviews regarding him are positive.
This makes deals always questionable, and despite that, Paxful has maintained a high activity rate, especially in the field of gift cards. The reason is simply that the platform supports almost all countries, including countries that are not supported by some gift cards themselves. Freelancers in many countries can only get paid for their services through gift cards, which they can only sell and get their local currency on Paxful.

[Husires]

This makes deals always questionable, and despite that, Paxful has maintained a high activity rate, especially in the field of gift cards. The reason is simply that the platform supports almost all countries, including countries that are not supported by some gift cards themselves. Freelancers in many countries can only get paid for their services through gift cards, which they can only sell and get their local currency on Paxful.

For gift card, it is normal on gift card exchanges that a card has been used which will lead to something like scam or not scam. One thing I have hate to do online is to sell gift card. I sell only bitcoin and stable coin like USDT.

I used to think that these sellers are agents of these companies or they sell physical cards, as the possibility of scam is less, but relying on ratings and trust makes some trusted accounts make selective scamming If account known that the other party has released the escrow or has not implemented the conditions correctly.

Freelancers keep using the same service if it is profitable so they will return to Paxful quickly.

[coupable]

This makes deals always questionable, and despite that, Paxful has maintained a high activity rate, especially in the field of gift cards. The reason is simply that the platform supports almost all countries, including countries that are not supported by some gift cards themselves. Freelancers in many countries can only get paid for their services through gift cards, which they can only sell and get their local currency on Paxful.

For gift card, it is normal on gift card exchanges that a card has been used which will lead to something like scam or not scam. One thing I have hate to do online is to sell gift card. I sell only bitcoin and stable coin like USDT.

I used to think that these sellers are agents of these companies or they sell physical cards, as the possibility of scam is less, but relying on ratings and trust makes some trusted accounts make selective scamming If account known that the other party has released the escrow or has not implemented the conditions correctly.

Freelancers keep using the same service if it is profitable so they will return to Paxful quickly.

I do not think that it will be easy for Paxful to gain the trust of users to the same degree as it was, especially since they were directed to other platforms, and most of them certainly found alternatives. In my opinion, it was never wise to stop the platform's services due to disagreements between the work team or their lack of agreement on a specific decision or step. This will cost them a long time to gain trust again, and the most important thing is to convince users that what happened will not happen again.
I do not know what alternatives are available to Paxful services, so I encourage users to verify and do the necessary research before venturing into using the platform again or leaving large sums of money on it.

[khaled0111]

Personally, I'll wait at least for two or three months before using paxful and making any deal on it again.
They shut down their service just like that and now they are back without providing any logical explanation. Sorry, but we need to be carefull when dealing with them.