Peer-to-peer (P2P) cryptocurrency marketplace Paxful announced the introduction of support for trade between gold and Bitcoin (BTC) on the platform on April 7. With the announcement, Paxful now facilitates physical trading in 16 different countries. Cointelegraph spoke to Paxful CEO and Founder Ray Youssef, who attributed the decision to support gold to “surprisingly high” customer demand. When a trade is entered, the Bitcoin will remain in Paxful’s escrow until the physical delivery of the gold is confirmed. Transactions must be completed within 21 days of trade being opened on the platform. Paxful will not physically track or touch the gold …

A survey released on April 2 and conducted by peer-to-peer Bitcoin (BTC) marketplace Paxful revealed growing positive sentiment in terms of cryptocurrency adoption in India. Paxful's survey of investors between the ages of 18–55 revealed that 75% of them had invested in cryptocurrencies. Prior to the Reserve Bank of India's crypto ban lifting, Paxful said that trade volume in the P2P marketplace in January exceeded $3 million, taking into account that 93.8% of respondents invested in cryptos before the ban. According to the study, 78.5% of respondents prefer to use cryptocurrencies to transfer money quickly and easily, since they believe …

Peer-to-peer exchange Paxful will add security to its operation through a partnership with blockchain analysis outfit Chainalysis. Through a new partnership, Paxful will harness specific technologies from Chainalysis. “Paxful uses the Chainalysis Reactor to conduct deep investigations and the Chainalysis KYT to monitor transactions for any illicit behavior,” Youssef said, referring to the firm’s Know Your Transaction solution — a similar acronym to Know Your Customer, or KYC, regulations. Youssef added: “Through working with Paxful, Chainalysis is evolving its policy and will evaluate P2P exchanges on a case-by-case basis before labeling them as risky, just as it does for other …

Major cryptocurrency exchange Binance announced a partnership with peer-to-peer (P2P) crypto trading platform Paxful with the aim to enable the P2P platform as a Binance fiat gateway. According to a press release on Dec. 12, Binance users will now be able to use Paxful to buy Bitcoin (BTC) with 167 various fiat currencies. Supported fiat currencies include the Russian ruble, Vietnamese dong, Indonesian rupiah, Nigerian naira, Colombian peso, British pound, Mexican peso, Canadian dollar, euro, Argentine peso. Binance CEO Changpeng Zhao said: “This marks a significant partnership between a crypto exchange and peer-to-peer platform where a new pool of users …

Peer-to-peer marketplace Paxful has just announced that it is rolling out a worldwide entrepreneurship program that will offer education and unique benefits to those who sign up, as well as paths for growth within the community. The Paxful marketplace has been in operation since 2015 and has the mission of not only spreading awareness of Bitcoin but also making it a viable economic option for the underbanked and unbanked worldwide. To make this possible, the service supports over 300 different payment methods, including credit/debit, cash, online wallets, bank transfers, gift cards and other digital currencies. This is possible due to …

Peer-to-Peer (P2P) cryptocurrency trading platform Paxful has seen 2,800% more trades in South Africa this month compared to October 2018. Demand for crypto sharply increases in S.A. Paxful announced the growth of its South African user base in a blog post published on Oct. 28. In the post, the company also notes that Johannesburg, Pretoria and Cape Town are the three cities that see the highest numbers of users. Paxful adds that the overall number of trades in the African continent also increased by 64% when comparing the current month with October last year. Furthermore, the platform reportedly now counts …

So, is crypto arbitrage worth the effort? The jury is out on this one. People who have plenty of experience in the marketplace — and know how to identify an opportunity when they see one — normally have higher levels of success. And, although it might be possible to capitalize on a 20% spread between a buying price and a selling price, it’s prudent to ask yourself whether or not the effort of completing your transaction will be worth your time. Remembering the legal, technical and financial hurdles — as well as factoring in the potential for fees and volatility …

A peer-to-peer Bitcoin marketplace that offers more than 300 ways to buy Bitcoin has announced it is being integrated into BitMart, a global digital asset trading platform. Paxful enables its users to purchase Bitcoin using bank transfers, debit cards, online wallets like PayPal and an array of gift cards — including well-known brands such as Amazon, iTunes, Google Play and Steam Wallet. Many of these payment methods enable consumers to access the cryptocurrency instantly. The platform has now entered into a joint venture with BitMart, a digital asset trading platform with a global user base of more than 700,000 people, …

A site enabling consumers to buy Bitcoin using hundreds of different payment methods says demand is thriving despite declining cryptocurrency prices — with Africa being its biggest market. Paxful says the volume of transactions it has processed from the continent has risen by more than 130 percent — and now, an average of 17,351 trades per day are being made by its users in Africa. As well as enabling consumers to buy crypto using debit cards and platforms such as PayPal, the company has carved a niche in the market by allowing users to exchange gift cards and vouchers for …

A company that enables visitors to buy Bitcoin using more than 300 payment methods has reported growth in the number of transactions being completed using US dollars – and says it is determined to dismantle the issues people have in earning and transferring their money freely. Paxful was launched in 2015, and has the goal of making it simple to buy cryptocurrency – a boon for people who haven’t done so before. Cash deposits and bank transfers can be used on its platform – with the company promising to deliver Bitcoin in less than an hour at an “awesome price.” …

Update: the charges against Mohamed Yousseff, Artur Shaback, and Ivan Suhharev were dismissed and their cases were closed on Nov. 14, 2016, according to court documents from the Miami-Dade County criminal justice system. The greater Bitcoin community has been besieged by various levels of criminal activity, particularly over the last three years, as Bitcoin has become much more noticed by the mainstream. From the Silk Road’s dominance of the deep webs’ drug trade, to various ransomware and money laundering schemes, Bitcoin has attracted more than just your 21st century early adopting tech geek to its skill set. This weekend, Bitcoin’s …