Post
Topic
Board Reputation
Re: Do not use PAXFUL it is a Scammer site.
by
CryptopreneurBrainboss
on 11/04/2019, 09:52:06 UTC
As for Paxful, they have been allover the news lately because of the ongoing scandals. Avoid them at all costs
https://cointelegraph.com/news/nigeria-financial-watchdog-receives-petition-against-crypto-exchange-over-account-closures.

I updated that information few weeks ago in my hangout thread and did some investigations, asking questions from affected users on Twitter because it was trending as of then. what I found out was that the main reason behind the suspension of account was based on forcing their customers into verifying their identity through KYC due to the high rate of reported scam coming from the Nigeria community.

News are spreading that PaxfulNG is suspending accounts belonging to Nigeria therefore if you are using their services you're advise to transfer your coins to a more secure wallet especially if you're not ok with KYCs.

Link: https://bitcointalk.org/index.php?topic=5122338

Most of those that did the KYC and didn't violate their terms and conditions got their suspension remove although the manner in which paxful handled the issue by suspending users account without notice is the cause of the whole misunderstanding. But still, it's not safe to use the exchange.