#how to buy and sell bitcoins on localbitcoins com

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FULL VEDIO COURSE / HOW TO BUY AND SELL BITCOIN

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How To Buy Bitcoin Without Id Verification

 List of the Best Apps To Buy Bitcoin Anonymously

Comparison of Platforms to Buy Bitcoin Without ID

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New Post has been published on http://cryptonewsuniverse.com/paxful-platform-review-is-it-safe-or-a-scam/

Paxful Platform Review Is It Safe or a Scam?

Paxful Platform Review – Is It Safe or a Scam?

Do you know what’s challenging? Converting your fiat into cryptocurrency and vice versa. 

If you’re American, you can buy bitcoin with 1 click using Coinbase. How about buying bitcoin anonymously? Let me introduce you to Paxful, which is a popular P2P exchange platform. Paxful allows you to buy bitcoin, hassle-free. The website is like the “eBay of cryptocurrency”. The platform connects you to other people, who are looking to buy or sell cryptocurrency. Thus, you can shop around and find the best value. Using Paxful is easy, that’s why the platform is popular. 

Is Paxful safe to use?

How secure is it?

Who is behind Paxful?

In this review of Paxful platform, I will answer your most pressing questions and more. Let’s investigate … 

The team behind Paxful

The founder of Paxful.com. Say something nice about him.Here’s a picture of the founder. When there are faces behind the company, it makes me feel more safe using them. I have names in case I need to report Paxful to the police (I’m kidding!) Paxful was founded in 2015 by Ray Youssef and Artur Schaback. I did a bit of digging around LinkedIn and here’s what I found ….

Ray Youssef is the CEO and he was an ex software engineer. Artur Schaback, the co-founder of Paxful, was the founder of Kaizern, a software company that specialized in blockchain app development. Before Paxful.com, Paxful was involved in the bitcoin ATM industry. They also own Netcoins.app According to their website, they have offices in New York City, Hong Kong, Manila, and Talllin. Nice!  Okay, sounds great. But why should you use Paxful instead of Binance? Good question. Paxful differs from Binance in many ways. 

How useful is Paxful? Examples …

It’s Christmas and your relatives are visiting; they’re gorging themselves on turkey and baked beans. “Happy Christmas, sonny boy! Here are some gift cards and sweaters for you!” says Uncle Jim, half drunk. He hands you a fistful of gift cards. But you want cash and crypto, not some useless gift cards to buy more pizza. You want to stack your bitcoins and retire on a private island before your 30th birthday. 

Imagine another scenario: 

An African man in Japan needs to send money back home to Africa but he doesn’t want to pay the outrageous 8% remittance fee. Is there another alternative? Oh! Here comes Paxful: you can exchange your gift cards for crypto. Or you can sell Japanese fiat to buy crypto and send the money home (and bypass the outrageous 8% remittance fees)  (What I especially like about Paxful is that you can sell “obscure” Giftcards like Chili restaurant gift card and Forever 21 gift cards. It’s like they have the whole gift card market covered!) You can do cash in person, cash by mail, cashier’s check, Money Gram, Bitcoin ATM. Wow!  Hmm, that sounds wonderful. What about the process of buying crypto on Paxful? How does that work? 

I’m glad you asked because I’ll walk you through the process … 

How to buy and sell on Paxful?

Always trade with a merchant that has a high customer feedbackYou can buy crypto on Paxful in 3 simple steps:

You see a seller you like, start a trade

You send the payment and wait

The seller sends you the crypto

How do you know that the seller won’t run away with your crypto? Paxful acts as an escrow, which ensures the safety for you and the seller. Note: Paxful isn’t going to reimburse you if you’re doing business with a scammer. Always take precautions! (I’ll give you some tips below)  When the trade is successful, leave the user a rating and comment. And tell the seller to do the same for you. After all, the feedback is a testimonial. The better your reputation, the easier the trade. People trust you more because your account has a good reputation. Trading on Paxful is simple and streamlined. But wait, there’s more! I’ll talk about the fees, how to bitcoin anonymously, and precautions you should take when trading. 

What are the fees like?

If you’re buying, I have good news for you. It cost you $0 fees to buy because the burden is on the seller. If you’re buying bitcoin using bank transfer, credit card, online wallets, cash, or gift cards then there are no fees (however, the bank will charge you a service fee, won’t they …) However, if you’re going to use a debit card to directly buy bitcoin then the cost is going to be higher. I would recommend to you another site like CEX or Coinmama if you’re buying using debit directly. What if you’re selling on Paxful? There’s a fee. However, if you’re the seller, then the fees range from 0.5% – 5%. Debit cards, cash, and online wallet are 1% fee and gift cards range from 3-5%. Here’s another important question …

What about ID? Could you buy bitcoin anonymously?

You can use cash and gift cards to buy BTC anonymously. Paxful won’t ask you for ID if you have a tier 1 account. And if you’re buying BTC with gift cards, the merchant won’t ask for ID. However, if you’re using bank transfer then some merchants will require ID. If you want to buy anonymously, you can always meet the person at your local coffee shop and exchange coins — “Hey! Here’s my cash. Now gimme some coins please …”

Is Paxful secure? 

Paxful hasn’t been hacked. When it comes to security, you need to keep your account secure. This means having a good password and using 2FA. The theft case in Paxful is minimum and there’s 24/7 customer service on the website, should you need any help. 

Warning! Take these precautions when buying or selling

Only do business with merchants that have good feedbacks! The #1 problem is dealing with the merchant. You must only do business with people who have a high rating. This means the account is aged and has plenty of positive customer feedback. What if you send the money but the person doesn’t you the bitcoin? You can open a dispute and a moderator will look into the case. Hopefully, you won’t have to dispute. Oh yeah, there have been cases of Paxful freezing customers’ accounts. You shouldn’t leave your bitcoin on Paxful’s wallet. As the old saying goes “not your wallet, not your bitcoin.” 

Prevent your account from getting hacked! 

Hackers have hacked into Paxful accounts and sold them in the dark market. Note: Paxful.com wasn’t hacked. Instead, the hackers tricked the users into giving their usernames and passwords via phishing attack. So you want to make sure your account is safe with 2FA (2 Factor Authentication). You also need a strong and secure password. If possible, use Linux or macOS instead of Windows. Side note: I have heard stories of Paxful locking an account. But because the algorithm flags your account for being suspicious. For example, using Paxful to launder money or your account has too many disputes. If you’re using Paxful to only buy bitcoin, you should be fine. 

The #1 scam to watch out for

If you’re selling crypto on Paxful, you need to watch out for scams.  What is a common scam? Someone sells you a gift card but the card is already redeemed. Ouch. Avoid headaches by only doing business with well-established accounts. Carefully select who you’re doing business or else you’ll regret it. 

What do I like about Paxful? 

Paxful makes buying crypto easy. Moreover, selling gift cards for bitcoin is awesome. Also, the fees are reasonable. The website is intuitive to use, and the user interface design is aesthetic. Paxful looks modern, unlike other websites that look ancient. Yes, I’m looking at you, Localbitcoins.com. Customer service is there if you need help. There are moderators to handle disputes. The merchant doesn’t send your bitcoin? No problem, just summon a moderator. I’m a veteran in the crypto space and I have noticed the shift: people using Paxful instead of Localbitcoin. Perhaps it’s because Localbitcoin has failed to innovate. Paxful makes it so easy and secure to buy crypto. Yes, I’m happy with their service. There is no country restriction on Paxful. For example, if you’re American, you can’t trade on some of the best crypto exchanges like Binance However, since Paxful is a P2P exchange, you’re free to trade to your heart’s content. That’s what I call freedom! 

The final verdict on Paxful

In my research, Paxful seems legit. As of 2020, Paxful is still on the rise. 220,000 visitors a month reach the site, so they’re doing something right. Buying crypto on the site is an easy and enjoyable experience. Paxful is a legal company: they have 4 different offices on 3 continents and are a registered company with the face of the CEO on the company’s website. I have tried finding scandals or negative reviews against Paxful and it’s mostly about users that complain about locked accounts (they’re doing fishy things with the accounts, that’s why they’re locked out) Paxful is not a scam. But watch out for scammers on Paxful and you should do okay.

Article Produced By Harsh Agrawal

About Harsh Agrawal:

An award-winning blogger with a track record of 10+ years.  He has a background in both finance and technology and holds professional qualifications in Information technology. An international speaker and author who loves blockchain and crypto world. After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra. Join us via email and social channels to get the latest updates straight to your inbox.

Expertise:

Harsh Agrawal has an experience of 12+ years in fintech, and 5+ years in the filed of Blockchain and Bitcoin. He has also moderated the panel of Blockchain experts, and attended international blockchain events like BTCMiami, Token2049 to name a few.

https://coinsutra.com/paxful-review/

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New Post has been published on https://toldnews.com/technology/after-the-bust-are-bitcoins-more-like-tulip-mania-or-the-internet/

After the Bust, Are Bitcoins More Like Tulip Mania or the Internet?

SAN FRANCISCO — When you talk to tech industry insiders about where Bitcoin is heading, two vastly different comparisons are inevitable: the tulip bulb and the internet.

Bitcoin’s critics say the digital tokens are like the tulip bulbs of 17th-century Holland. They generated a wild, speculative rush that quickly disappeared, leaving behind nothing but pretty flowers and wrecked bank accounts.

Bitcoin believers, on the other hand, want us to think about cryptocurrencies as if they were the internet: a broad technology category that took some time to reach its potential, even though expectations got ahead of reality in the early years. If that’s true, last year’s crash in Bitcoin prices was like the dot-com bust; a temporary setback before the big ideas come to fruition.

After following Bitcoin for several years, I think neither of these comparisons quite works. Bitcoin is neither an irredeemable flop nor an economic miracle.

So what is it? We are still a few years from any sort of clarity about where this technology will fit in the world. If we want to imagine where it might be going, we need to look beneath the gyrating price to understand how it is being used today and who is using it.

Speculators, drug dealers and the oppressed: How cryptocurrencies are used right now

At the most basic level, Bitcoin has introduced a new way to hold and send around value online. Anyone can open a Bitcoin wallet and receive money from a friend or a stranger. The system works without any central authority, thanks to a network of computers that is not unlike the network of computers supporting the internet.

Even after last year’s bust, Bitcoin users are generally sending somewhere between $400 million and $800 million worth of Bitcoin across the network every day, according to data from the blockchain, the public ledger on which all Bitcoin transactions are recorded.

That daily volume is less than half the daily average of the payment service PayPal. But it is much more activity than the network handled before the price spiked in 2017.

As the proponents of the tulip bulb version of Bitcoin will tell you, most of the transactions today are speculative: people buying and selling Bitcoin in the hope that it will be worth more in the future. A more generous viewpoint would compare Bitcoin to gold, a scarce commodity that goes up and down in value and provides an alternative to national currencies.

Speculative transactions accounted for roughly 60 to 80 percent of all transactions on the blockchain, according to Chainalysis, a start-up that does analysis of the blockchain for big companies and governments. Most of those transactions are Bitcoins moving between cryptocurrency exchanges around the world.

There is still quite a bit of mystery about what accounts for the other 20 to 40 percent of the transactions. No one can force Bitcoin users to register their identity, so Chainalysis and other firms are in the dark about many transactions. But they have identified some useful chunks.

When Bitcoin was introduced in 2009, it was described as a new way to make payments online, without the fees that credit card companies charge. Chainalysis estimates that last year, companies handling Bitcoin payments accounted for 0.3 percent of all Bitcoin transactions, or $2.4 billion.

This is a healthy dose of apparently legal commerce, but it was not a good sign for Bitcoin that it was shrinking for most of last year when the price of Bitcoin was going down, according to Chainalysis data.

Many if not most Bitcoin advocates I’ve encountered will admit it doesn’t offer much of an improvement over traditional electronic methods of payment. In several ways, it’s worse. Paying with Bitcoin requires you to become a speculator on its volatile price for the time you are holding on to tokens and waiting to pay.

The payment data leads to the question of where this technology might gain momentum, beyond speculation. The most compelling use that Bitcoin fanatics talk about is its value to people in repressive countries that have currencies that are even more volatile than Bitcoin.

In Venezuela, for example, Bitcoin can offer a way to move savings out of the inflating bolívar. Because of the open nature of Bitcoin, Venezuelans can buy it without the government stopping them.

There are stories of Venezuelans using Bitcoin to rescue their savings. Venezuelans bought over $230 million in Bitcoin last year on the most popular platform for sales, LocalBitcoins, according to the data analyst Matt Ahlborg. Those purchases were growing even as the price of Bitcoin was falling.

But it caught on with only a tiny sliver of Venezuelans. And there are reasons to wonder how many of these transactions were really just corrupt government officials or wealthy Venezuelans who had other means of getting their money out of the country.

People who have traveled to Venezuela have told me that most ordinary people they spoke to would prefer to have their money in dollars instead of Bitcoin.

The bigger problem facing Bitcoin is that the practical and legal uses have struggled to outpace illegal or clearly unethical activity.

The list of ways that Bitcoin has proved useful to criminals keeps growing, from the ransom payments on locked-up computer files — or even hostages — to illegal drug sales.

Many of these misdeeds are hard to quantify, but Chainalysis has managed to put numbers on Bitcoins used to buy drugs on the so-called dark net. Chainalysis numbers show that drug purchases rose last year, even when the price of Bitcoin was falling.

The total dark net transactions in 2018, around $620 million, were more than twice the amount that Venezuelans bought on LocalBitcoins.

Bitcoin fans will tell you that this is a drop in the bucket compared with how much the dollar is used to buy drugs. But all the data I’ve seen suggests that drug purchases account for a much larger proportion of the Bitcoin economy than their proportion of the dollar economy. And Bitcoin has enabled new kinds of deadly drug traffic, like the synthetic opioids that have flowed from China to small towns in the United States.

Illegal activity, and especially pornography, played an important role in the early internet, but nothing like what we’ve seen from Bitcoin in its early days.

Bitcoin is accessible to anyone — not so different from the internet. The problem is that, other than speculation, none of its legitimate uses have taken hold at anything like the pace of the illegal activity.

Ethereum, Dapps and Facebook: Looking to the future

That the technology hasn’t gained traction with ordinary people does not mean it won’t someday. There are still plenty of areas where, smart entrepreneurs think, the open nature of cryptocurrencies could be useful.

Many venture capitalists have made bets on Ethereum and EOS, alternative cryptocurrency networks that can be programmed for more sophisticated applications, like financial contracts, than Bitcoin’s software allows.

Programmers have already built thousands of so-called decentralized applications, or Dapps, that use the EOS and Ethereum tokens. Many of them can be used today. These Dapps can move money around and record ownership of digital goods, like items in video games, without a central company keeping the records.

But a majority of these Dapps still focus on legal gray zones, like gambling. The most prominent use of Ethereum so far has been by companies, many of them scams and frauds, that wanted to raise money without complying with securities regulations, through so-called initial coin offerings.

I have seen little indication that any of the more legitimate uses have worked easily enough to have any appeal beyond cryptocurrency fanatics.

Perhaps the biggest thing that cryptocurrencies have going for them is that serious people still want to fix the flaws. The value of digital tokens — however volatile they may be — has created incentives for people to work on them.

The latest big cryptocurrency player is Facebook, which is said to be working on its own digital tokens. So are several other big messaging companies.

I can’t predict the future of cybercurrencies any more than the holdout dreamers and the naysayers. But with the serious money still finding its way into the market, it is far too early to write the whole thing off.