{"id":346,"date":"2023-04-06T20:58:02","date_gmt":"2023-04-06T20:58:02","guid":{"rendered":"https:\/\/servpay.ng\/blog\/?p=346"},"modified":"2023-04-06T21:11:03","modified_gmt":"2023-04-06T21:11:03","slug":"paxful-the-worlds-leading-peer-to-peer-bitcon-marketplace-is-suspending-operations","status":"publish","type":"post","link":"https:\/\/servpay.ng\/blog\/2023\/04\/06\/paxful-the-worlds-leading-peer-to-peer-bitcon-marketplace-is-suspending-operations\/","title":{"rendered":"Paxful the World&#8217;s Leading Peer-to-Peer Bitcon Marketplace is Suspending Operations"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/servpay.ng\/blog\/wp-content\/uploads\/2023\/04\/download-1.png\" alt=\"\" class=\"wp-image-347\" width=\"337\" height=\"177\" srcset=\"https:\/\/servpay.ng\/blog\/wp-content\/uploads\/2023\/04\/download-1.png 310w, https:\/\/servpay.ng\/blog\/wp-content\/uploads\/2023\/04\/download-1-300x158.png 300w\" sizes=\"auto, (max-width: 337px) 100vw, 337px\" \/><figcaption class=\"wp-element-caption\"><em>Source: paxful.com<\/em><\/figcaption><\/figure>\n<\/div>\n\n<div class=\"wp-block-post-date\"><time datetime=\"2023-04-06T20:58:02+00:00\">April 6, 2023<\/time><\/div>\n\n\n<p class=\"wp-block-paragraph\">Paxful an international peer-to-peer financial system is suspending its operations. The financial platform provides solutions for buying and selling of Bitcon, USD Coin and Tether.<\/p>\n\n\n\n<!--more Read More-->\n\n\n\n<p class=\"wp-block-paragraph\">Paxful currently boast of over 6 million registered users with about a million from Nigeria. According to the founder and CEO of Paxful, Ray Youssef, he is not sure if the financial platform will come back. Furthermore Ray stated:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">&#8220;this will probably come as a big shock to many. While I cannot share the full story now, I can say that we unfortunately have had some key staff departures. Also, regulatory challenges for the industry continue to grow, especially in the peer-to-peer market and most heavily in the U.S. While we work through these issues, we have taken the most secure option and ask you to explore self-custody and trade elsewhere.&#8221;<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">The platform has provided alternatives solutions to its users with assurance that customers funds are safe and secured.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Paxful Solutions:<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>All customer funds are all accounted for and can be withdrawn or self-custody.  Options such as Exodus Wallet and Muun Wallet are recommended.<\/li>\n\n\n\n<li>Paxful is offering an easy migration to other options for non-U.S. users to platforms like Noones \u2014 a new P2P company dedicated to the Global South. All the things you do on Paxful you can do on Noones, including:<\/li>\n\n\n\n<li>Lower trading fees<\/li>\n\n\n\n<li>One of the cheapest wallets<\/li>\n\n\n\n<li>An affiliate program even more generous than Paxful\u2019s program.<\/li>\n\n\n\n<li>A more efficient KYC process.<\/li>\n\n\n\n<li>Local dispute moderators.<\/li>\n\n\n\n<li>A much friendlier TOS policy with no accounts being locked<\/li>\n\n\n\n<li>Ray personally vouch for Noones.<\/li>\n\n\n\n<li>Bitnob \u2014 who makes it easy for Africans to connect with Bitcoin.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The CEO of the world\u2019s leading peer-to-peer bitcoin marketplace Youssef was born in Egypt and raised in New York City but with good tie with African roots.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paxful an international peer-to-peer financial system is suspending its operations. The financial platform provides solutions for buying and selling of Bitcon, USD Coin and Tether.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[102,21],"class_list":["post-346","post","type-post","status-publish","format-standard","hentry","category-finance","tag-paxful","tag-servpay-ng"],"_links":{"self":[{"href":"https:\/\/servpay.ng\/blog\/wp-json\/wp\/v2\/posts\/346","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/servpay.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/servpay.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/servpay.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/servpay.ng\/blog\/wp-json\/wp\/v2\/comments?post=346"}],"version-history":[{"count":4,"href":"https:\/\/servpay.ng\/blog\/wp-json\/wp\/v2\/posts\/346\/revisions"}],"predecessor-version":[{"id":353,"href":"https:\/\/servpay.ng\/blog\/wp-json\/wp\/v2\/posts\/346\/revisions\/353"}],"wp:attachment":[{"href":"https:\/\/servpay.ng\/blog\/wp-json\/wp\/v2\/media?parent=346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/servpay.ng\/blog\/wp-json\/wp\/v2\/categories?post=346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/servpay.ng\/blog\/wp-json\/wp\/v2\/tags?post=346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}