How to Stay Safe When Trading on Paxful (Avoid These 5 Scams!)

1. How to Stay Safe When Trading on Paxful (Avoid These 5 Scams!) Table of Contents 1. Why Safety Matters on Paxful 2. How Paxful’s Security Features Work 3. The 5 Most Common Paxful Scams (And How to Avoid Them) 4. General Safety Tips for Buyers and Sellers 5. Red Flags to Watch for During a Trade 6. What to Do If You Get Scammed 7. Final Thoughts: Trade Smart, Stay Safe 24/7 Customer Support Email: support@usaccountbuzz.com WhatsApp:+1(646)271-6617 Telegram:@usaccountbuzz 1. Why Safety Matters on Paxful Paxful is one of the world’s leading peer-to-peer (P2P) crypto marketplaces, with millions of users across 100+ countries. It allows anyone to buy or sell Bitcoin and USDT using hundreds of payment methods — from bank transfers to gift cards and mobile money. But like all P2P platforms, you’re trading directly with strangers. While Paxful has solid security tools in place, some bad actors try to take advantage of new or unsuspecting users. That’s why understanding how scams work — and how to avoid them — is essential if you want to trade safely. 2. How Paxful’s Security Features Work Before diving into scams, here’s a quick look at Paxful’s built-in protections: ✅ Escrow Service ● When a trade starts, the seller’s crypto is locked in escrow by Paxful. ● Only released when the seller confirms they’ve received the payment. ● Prevents “pay and run” or “no-pay” scams. ✅ Two-Factor Authentication (2FA) ● Adds a layer of login and withdrawal protection. ✅ KYC Verification ● Traders must verify identity to unlock full platform use. ● Helps identify and flag repeat scammers. ✅ Dispute Resolution System ● If something goes wrong, Paxful moderators can step in and review the case. So why do scams still happen?

2. Because scammers exploit the human element — confusion, inexperience, or misplaced trust. 3. The 5 Most Common Paxful Scams (And How to Avoid Them) ? Scam #1: Fake Payment Confirmations How it works: The buyer claims they’ve sent the money. They might send a fake screenshot or even a spoofed email to trick you into releasing the Bitcoin. Who it targets: Mostly sellers. How to avoid it: ● NEVER release crypto until you’ve personally confirmed the payment in your account. ● Don’t rely on screenshots alone — check your bank or wallet directly. ● Avoid using payment methods like PayPal or Venmo unless you're confident in chargeback protection. ? Scam #2: Gift Card Fraud How it works: The buyer sends gift card details and demands Bitcoin. But the cards are: ● Already used ● Bought with stolen credit cards ● Fake (invalid) Who it targets: Mostly sellers. How to avoid it: ● Avoid gift card trades unless you’re experienced. ● If you accept gift cards: ● Ask for a receipt ● Redeem the card immediately before releasing crypto ● Never accept cards from unfamiliar or shady sources ? Scam #3: Reversible Payment Scams (Chargebacks) How it works: The buyer uses a reversible payment method (e.g., PayPal, credit card). After receiving your crypto, they dispute the payment or claim it was unauthorized. Who it targets: Sellers who accept PayPal, Apple Pay, or credit cards. How to avoid it: ● Trade with verified, high-reputation buyers only ● Use irreversible payment methods (e.g., bank transfer, mobile money) ● Keep all screenshots and chat records for disputes ? Scam #4: Off-Platform Trading How it works:

3. A trader tells you to trade outside Paxful — promising lower fees or faster payments. Once you send payment or crypto outside the platform, there’s no protection. Who it targets: Both buyers and sellers. How to avoid it: ● Never leave Paxful to trade. You lose escrow protection. ● Always communicate and trade within Paxful’s chat and system ? Scam #5: Overly Friendly or Pushy Traders How it works: Some scammers act overly friendly to gain your trust, or pressure you into rushing the deal. They might: ● Ask to skip steps ● Rush you to release funds ● Insist you "just trust them" Who it targets: New users. How to avoid it: ● Stick to your process — no matter how friendly they are ● Don’t be pressured. If it feels wrong, cancel the trade ● Trust the system, not the person 4. General Safety Tips for Buyers and Sellers ? Always Use Escrow Never release funds until: ● You're fully paid (as a seller) ● You’re satisfied with the terms (as a buyer) ? Trade with Verified Users Look for: ● KYC verification badges ● High trade volume ● Positive feedback (90%+) ● "Trusted Vendor" labels ? Communicate in Paxful Chat Only If a user asks to move to WhatsApp, Telegram, or email — big red flag. ? Document Everything ● Screenshots of payments, chats, and receipts can help win disputes ● Save chat logs for every trade 5. Red Flags to Watch for During a Trade Here’s a checklist of warning signs: ? Red Flag? What It Might Mean Asking to trade outside Paxful Attempting to scam without escrow Fake or unclear payment screenshot Trying to trick you into releasing BTC Gift card with no receipt Likely stolen or already redeemed

4. Too good to be true rates Rush tactics ("Hurry, now!") Pressure scam; wants you to slip up New account with no ratings Possible burner or fake user When in doubt? Cancel the trade and report the user. 6. What to Do If You Get Scammed Even with all precautions, scams can happen. Here’s how to respond: ? Step-by-Step Recovery: 1. Open a dispute immediately inside Paxful 2. Upload all evidence (screenshots, payment proofs, messages) 3. Let moderators review the case — response time is usually 24–48 hours 4. If you win the dispute, Paxful returns the crypto or payment ? Pro Tip: If the scam was severe, also report the user’s profile to prevent them from scamming others. 7. Final Thoughts: Trade Smart, Stay Safe Paxful gives people incredible access to global crypto trading — even in countries with limited banking access. But with that freedom comes responsibility and risk. By learning how scams work, using Paxful's built-in protections, and trading smart, you can avoid 99% of the problems most users face. 24/7 Customer Support Email: support@usaccountbuzz.com WhatsApp:+1(646)271-6617 Telegram:@usaccountbuzz Baiting new users with fake deals