6) When the funds hit my account, I will release the coins. This goes against the Paxful Terms of Service and is strictly prohibited. Sign up – Create an account and you will automatically get your free Bitcoin wallet . On the offer page, click Submit gift cards. I try to spell out everything they need to do because no matter how simple you make it, there will still be questions. The scamming is so bad paxful had to raise the fees from 1% to 5% to deal with all the support requests. Brokering is when you buy a gift card code from a third party and resell it later to someone else. So the first thing I do when I want to Sell Bitcoin is to act like I want to Buy Bitcoin instead to view the other offers. Paxful security deposit (previously known as bond) is for the vendors who trade cryptocurrency for gift cards. On the right side of this screen (not shown), I can see that the Paxful escrow fee for this trade is 0.1%. A photo of the original gift card with your Paxful trade chat clearly visible in the background A complete photo of the original receipt (do not cut off any portion of the receipt) For electronic codes (e-code), an invoice of the original payment and a video recording of your bank statement is required as proof of … Learn how your comment data is processed. 3) Ask me for my bank details This time can vary from 2 hours to 2 business days depending mostly on your bank Step 3.....the buyer terms and instructions, My first item in this screen is Offer tags, tags used to entice people to my offer. Paxful realizes that if the buyer is able to complete the trade they want their coins as fast as possible so they will lock your coin up in escrow until the buyer pays or the Offer time limit expires. unfortunately having a bank these days doesn’t guarantee your control or even your own finances and earnings with Paxful a world of financial opportunities awaits you through bitcoin Bitcoin is is a of digital currency, trusted … My instructions for this trade are: BUY BTC simply with Euros sent to my American bank. The only good offer for SWIFT was at only a 3% premium but with many verification restrictions. Book me for a 1-on--1 Implementation Session: https://iqsshdypdvgsfgxyzz.10to8.comSupport the channel by sending Bitcoin here: 3PsXvVaCEFp2ELrYsrPiwCffzbT1Ht48JfBuy Bitcoin $BTC here: https://www.coinbase.com/join/garcia_...Buy Reserve Rights $RSR on Gate here: https://www.gate.io/signup/2484986--------------------------------------------Paxful (Buy Bitcoin with Gift Cards here): https://paxful.com/?r=KmQA7D2oVYVKuCoin (Crypto Exchange): https://www.kucoin.com/ucenter/signup?rcode=hdQwRdFollow me on Instagram: https://www.instagram.com/speedgarcia/ For more on my background, check the About Me page, Follow @StuFinancesTech How to trade Amazon gift card on paxful without getting scammed - Duration: 1:34. Posted by. Paxful is a good alternative to LocalBitcoins if you want to sell some of your Bitcoin from time to time or trade it for some extra income. In certain parts of the world, the most popular p2p trading exchange is Paxful (affiliate link if you want to join). To successfully trade your STEAM WALLET GIFT CARDS, follow this easy guide. The guidelines we follow are to protect the Paxful community when a gift card trade is disputed. 2. 4. Tutorial. Join the Crypto Godson Community Telegram Chat: https://t.me/cryptogodsonTwitter: https://twitter.com/CryptoGodsonInstagram: https://www.instagram.com/cryptogodsonPersonal Instagram: https://www.instagram.com/speedgarciaBrand Instagram: https://www.instagram.com/godsonbrandEmail: CryptoGodson@gmail.comHaving technical crypto roadblocks? What premium do I want? We want to give you the freedom to use both types of margins so you can be as flexible as … Here is FinCEN's most recent guidance on money transmission. It won’t open a trade yet, but will guide you through the offer terms and conditions set by the buyer. This means you have to put in KYC and AML (anti-money laundering) policies as well as pay thousands in compliance and legal fees for a federal money transmitter license. 1. Here's what that looks like: There are 3 things I like about this screen: Why is an Offer Time Limit important? So paxful are clearly aware of the state of the gift card trading, yet they seem to have not addressed it and actually let it gotten worse since this article was posted in December 2019. In this case, if you buy with this guy, who is part of a larger Asian OTC firm, you are buying for 97c on the dollar or only a 3% premium. You have space for more detailed instructions after they decide to buy from you. The other reason, something most of us Bitcoiners value, is privacy. My Strategies: 1. Now the actual more detailed trade instructions. 1:34. You can't create a viable trade option without knowing what is out there. Prepaid cards and gift cards are usually sold at higher margins. First you have to create your own account at Paxful and provide the degree of verification that you feel comfortable with. In paxful terms, it states brokering is not allowed. Incoming transfers can be anywhere from FREE to as much as $75 depending on the bank. Please do your own research on this and your mileage may vary. You'll notice that I dummy down everything including telling them to open the trade and asking them to leave feedback as peer review is an important part of the system. I'm going to require 2 past trades and limit new accounts to 1500 Euros. Moderator of r/paxful Comments are locked. 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But down here in South America where I am now, or parts of Asia or Africa that's not necessarily true.