Topic: Paxful is closed. What P2P alternative do you recommend? (Read 250 times)

Thanks for the heads up. Can I confirm that you were not coming from one of these countries, see: https://support.noones.com/hc/en-us/articles/6125405610639-What-Countries-Require-ID-Verification-

and has confirmed your phone number with them when you tried the no-kyc tier?

The platform needs some fixes in their Tos because they say someone can have $700 trading limit for email verification but without going through ID verification I can't able to access the marketplace so they made KYC now mandatory yet to make changes in the list I guess but its exact replica of Paxful and tried few trades there which works fine for me.

While noones doesn't have mandatory identity verification for most countries, people should always be ready for it given the nature of these exchanges, unless you're only dealing with amounts you're fine parting with.

Thanks for the info fella, just now saw this and entered into the platform which is same as Paxful UI with new name and one more point the website also carry over the feedback history of Paxful which I noticed after logged into the site. For now this seems to be my day trading platform but I encourage everyone to use platforms like Bisq that is something really p2p and completely anonymous.

Paxful directs their customers to Noones.com which looks to be their new brand for Global South customers.

You must be careful when you shared information.

There are many options that can be alternative to both Paxful & Localbitcoin. I suggest these lists that give you some of those options^{[1] [2]}.
I can add some good alternatives to you:

 - https://localcryptos.com/: old Localethereum
 - BISQ: open-source, peer-to-peer application
 - Bitify.com: good escrow for selling/buying crypto products.

[1] https://bitcointalksearch.org/topic/list-of-decentralizedcentralized-exchanges-2906237 *
[2] https://bitcointalksearch.org/topic/m.53632740

* This list has not been updated for a while and many of those platforms have turned out to be scam, you should search before testing.

Paxful closed, but they didn't confiscate anyone's fund. Saying "thank God I withdrew my funds a day ago" makes it sound like users that didn't withdraw their funds lost their coins. You can still withdraw your funds from Paxful to an external wallet. They also recommend another marketplace Noones.com, which seems to be the same as paxful, just operating using a different name, from a different country and not serving to users from certain countries (because of regulator issues). You could try using that if you aren't from the restricted country. Or try one of the exchanges P2P method. Just letting you know, none of those platforms are decentralized and you might lose your coins there.

LOL, but I'm not the one directly saying it; it's just based on the OP's title of his thread and on what he thought and his experience with COINBAAZAR back in 2020.

Some users just shitposting without knowing anything about the platform

It is not true. LocalCoinSwap.com requires Identity Verification.

I disagree if you say Coinbaazar is the only alternative to Paxful.

I disagree if you say Coinbaazar is the only alternative to Paxful.

I would appreciate it if you could reassure me and recommend an alternative to Paxful (thank God I withdraw my funds a day ago).


Please provide solid arguments. Thx!

Paxful and also other such peer to peer exchanges have been closed because they were not users friendly and that's a main reason they have been failed and I still can't believe that these exchanges were so much bad that they offer so much trading fee that not even a small trader can support.

“We spent millions on compliance, but even that still wasn’t enough,” Youssef told CoinDesk in an interview. “And then to make things worse, in the middle of January, my co-founder decided to sue the company and myself. The litigation got really nasty and he scared away our best people. My entire chief level staff resigned. I had no operational staff.”

That's why when Binance cake they launched free Peer to peer trading

OP, there are some helpfully suggested alternatives for Paxful in the below threads.

COINBAAZAR IS THE ONLY ALTERNATIVE TO PAXFUL
The only alternative to p2p Marketplace like paxful etc, with 250+ payment modes

If not, I will also recommend
https://localcoinswap.com/
I haven't used them before, but I have read about them as a decentralized P2P marketplace where you won't be required to use any form of ID verification.

Identity Verification

In order to ensure LocalCoinSwap remains a safe platform for all of our customers we may require you to verify your identity as part of the services we offer. Identity verification may be required during trade disputes, fraud investigations, and to ensure account ownership. As part of our ID verification process we may require you to provide us with your full name as well as documents and photographs that verify your identity.

In certain situations we may require enhanced identity verification. This may include requirements to verify details regarding payments you have made or received during trades on LocalCoinSwap as well as cryptocurrency transactions that you’ve sent or received from your LocalCoinSwap account.

Dispute review

During a dispute review LocalCoinSwap support may give you instructions that you are required to follow. The instructions given to you may require you to provide proof of payment, proof that you have or have not received payment (e.g. bank transaction history), additional ID verification, photo; audio; or video evidence, or any other documents deemed relevant by LocalCoinSwap. Unless otherwise specified by LocalCoinSwap, these documents must be added to the disputed trade itself. Failure to follow the instructions may lead to the dispute being resolved against you.

Limitation, Suspension, and Termination of Your User Account

snip
    we have reason to believe that you have supplied false, misleading or deceptive information in connection with your registration, identity verification, trades or any other use of our services, either to us or to another user;

Not sure how good/bad it is right now, but HodlHodl has worked well for me in the past with the few times I've used it.

I would appreciate it if you could reassure me and recommend an alternative to Paxful (thank God I withdraw my funds a day ago).


Please provide solid arguments. Thx!