we hosted an amazing AMA with Paxful on the 28th of July
And here we will put some of the best questions:
Q1) What is paxful goals?
Our co-founders, Ray and Artur, met at a bitcoin meet-up in NYC. The organizers introduced them to each other as they were the tallest guys in the room! They shared a love for bitcoin and its potential to help ordinary people that the traditional finance system doesn’t help.
Ray and Artur knew of a few people who were earning bitcoin by selling gift-cards. That gave them an idea: gift-cards are often used as a means of exchange by people outside of the traditional banking system. Over a weekend they built Paxful as a trading system where people could use gift-cards to buy bitcoin. Gradually other payment methods were introduced to the platform. By watching how people used Paxful and by listening to what they wanted, Ray and Artur found the product market fit within a year and that’s how Paxful grew to being used by over 6 million people around the world.
They believe in the potential of bitcoin to help ordinary people in their daily lives – people who are underserved by banks or even totally excluded. By using bitcoin like a clearing layer or as the means of exchange, we are able to give people access to almost any financial network in the world via Paxful. No-one else does that.
Q2) Paxful allows trading Without confirming an identity ? If the answer is “yes”.What is the upper limit for trading on the Paxful platform without confirming your identity.
To begin with, Paxful allows trading up to $1,000 with your email and mobile number.
Above $1,000 requires you to submit your National ID or Passport for KYC and this allows you to trade up to .$10,000
For unlimited trade volume, you will need to submit your proof of address.
Q3) Why paxful build schools in Africa only?
This is a really good question, thank you for asking this.
Launched 3 years ago, Paxful Built With Bitcoin is moving forward with even greater momentum. Our dedicated team is led by Yusuf A. Nessary, Director of Philanthropy who is tirelessly working towards achieving our mission. Even amidst a global pandemic, we’ve managed to make progress on our current projects with the help of our amazing partners.
“We don’t just build schools, we build communities.”
Paxful’s mission is to build 100 schools around the world in the next 10 years. But it’s so much more than schools, we’re building communities that help improve the lives of people who need it the most.
Thanks to Zam Zam, a humanitarian organization and all of our committed partners, and you, we’re slowly but surely creating real, sustainable change in people’s lives. Though we’ve made incredible progress, our work is far from over. We still have 96 more schools and water facilities to start building. We hope you’ll partner with us in bringing Ray and Artur’s vision to life and help change the world one Bitcoin at a time.
Q4) What if I was get scamed, what should I do?
Paxful goes above and beyond when it comes to KYC, we use an ID scan and real-time biometric authentication to verify customers. However, if any user, faces a challenge, they can immediately get in touch with a dedicated in- house resolution team who verify the transaction flows and the supporting documents and takes a fair decision to resolve the situation.
Yes Paxful offers a Escrow service on the platform. Our users can check out a seller’s record and the feedback they’ve had from other users. Once a trade starts and bitcoin is held in escrow, the seller cannot cancel the trade; it can only be canceled by the buyer or auto- canceled by the system if the payment is not made by the buyer within the payment window.
Q5) Why does the platform not support the Arabic language, and the Arab KYC ?
As we speak our team is working to deploy Arabic on to the Paxful platform, which will be launched in the next few months and we look forward to welcoming more Arabic users to give you a unique and personalized experience.
We have also launched our Telegram channel for Paxful Arabic users https://t.me/paxfularabic and for English users here https://t.me/joinchat/tL8tqHTA8NA0M2Rh Users can speak and interact with our Community Manager Islam, who is from Egypt and supports the entire Middle East region.
All our latest updates, promotions and news is also now available on our newly launched Paxful MENA Twitter channel @PaxfulArabic and you can read our content in Arabic.
We are always looking for feedback from our users so please let us know if you have any ideas and we would love to share this with our Customer Support and Marketing team.
And here we will put best questions from our members and Paxful fans:
Q1) I’m under 18,
Can I still progress with the registration for paxful, what are the limitations?
To register on Paxful you must be 18 years or older. You must have a valid email address. Only personal documents can be used.
Q2) Do you have tutorial videos so we can get to know your project more clearly or do you have a YouTube channel or something? can you share it with us?
Yes we do have a lot of tutorial videos on our YouTube channel as well as you can find the arabic translated Videos above and on our Arabic telegram group
Our YouTube channel link is https://www.youtube.com/channel/UCa58WhEX8MfnZOpjjEJVdqA
Our Telegram group link is https://t.me/paxfularabic
Q3) I could see in your twitter account that you have a program “The Paxful Peer Program”, could you explain us what it consists of ? How users can be integrated in it?
The Paxful Peer Program is an international entrepreneurship program where aspiring crypto professionals dedicate themselves to support Paxful and other crypto enthusiasts through ground support, marketing efforts, and social events, all while getting rewarded by Paxful!
The Paxful Peer Program has three levels that recognize success and offers a growth path for each peer. The three levels are:
Level 1 – Peers
Level 2 – Ambassadors
Level 3 – Associates
As Peers meet the requirements of each level, they’ll get rewarded and promoted to the next level.
Having badges can help boost your trading credibility. Badges help you stand out from other users in the marketplace. Traders will know that you’re part of the Paxful Peer Program and be more likely to trade with you.
Q4) How can I know the details of your project? Can you share your telegram, twitter, website and social link where we can find you?
Paxful was started by Ray Youssef and Artur Schaback with a simple mission: to empower the forgotten four billion unbanked and underbanked, so they have control of their money in a way they’ve never had before.
In just six years, we’ve become one of the leading peer-to-peer bitcoin marketplaces used by millions around the world. And we’re just getting started.
Telegram MENA Arabic: https://t.me/paxfularabic
Telegram MENA English: https://t.me/joinchat/tL8tqHTA8NA0M2Rh
Twitter MENA: https://twitter.com/PaxfulArabic
Twitter Global: https://twitter.com/paxful
And this was the end of our AMA with Paxful.
If you have any other questions you can ask here:
ℹ️ℹ️ Useful links ℹ️ℹ️
Website :- https://paxful.com/
Twitter :- https://twitter.com/paxful
Reddit :- https://www.reddit.com/r/paxful/
Facebook :- https://www.facebook.com/paxful
YouTube :- https://www.youtube.com/PaxfulOfficial
Instagram :- https://www.instagram.com/paxful/