IMPORTANT PAXFUL VENDOR ACCOUNT UPDATES BITCOIN TRADERS MUST WATCH THIS!

by birtanpublished on August 17, 2020

Paxville traders listen up there are major changes taking place right now at the peer-to-peer marketplace we know as paxil so in this video I'm actually going to be updating you guys on the partnership patch was formed with Chan alysus trading break point for the

Increase give parties and the mandatory ID verification for US residents so without further ado let's dive right into the video it's the crypto lifestyle bank so practical is constantly making changes

To their platform and I just want to pretty much make this video to keep you guys in the loop so if you treat the early on tax bill you really need to watch this video in its entirety to be up to date with anything that may affect

Your trading account oh by the way if this is your first time American my name is Francis and on this channel I emphasize the importance of crypto mass adoption and other Bitcoin related stuff that could bank us coin so if you want

To learn more do let my subscribe and and hit that Bell notification button so you don't miss anything if you are new to the channel don't forget to check out my packed full playlist okay it has a lot

Of juicy juicy valuable information in there it's a full fledged paxville library so to speak and i'll i'll leave the link to that playlist up here so do check that outlets any now so let's dive right into it so Fox will recently

Partnered with Genesis and according to the article on corn Telegraph calm which states peer-to-peer exchange paxville will add security to its operation through a partnership with blockchain analysis outfit analysis there's

Something we all have to admit security was always an issue with these Bitcoin peer-to-peer marketplaces right I think that's the consensus so people are almost bound to get scammed sooner or later and you know I mean if you look at

Any other Bitcoin peer-to-peer marketplace like say local bitcoins of the world you ask anyone who traded there for like say an extended period of time if they fell victim to any fraudulent activities or scams they will

Probably tell you at least two times so I believe this partnership will certainly help limit that funny business and the article also goes on to say through a new party paxville will harness specific

Technologies from CH analysis packs will uses to analysis reactor to conduct deep investigations and the Chan Alice's KYT to monitor transactions for any illicit behavior Yousef said referring to the firm's to know your transaction solution

Is similar acronym to know your customer or kyc regularly regulations use have added through working with paxville Chan Alice's is evolving its policy and will a value evaluate peer to peer exchanges on a case-by-case basis before labeling

Them as risky just as it does for other crypto currency exchanges again I think if a platform wants to be here for the long haul they must constantly be evolving their security measures and protocols to

Remain compliant with regulators right my personal feelings on this is this I see this as a step in the right direction for p2p platforms I mean they always have this stigma of you know being shady or sketched out due to the

Lack of security standards but yes this may affect the trading volume on paxville but again this will stabilize the right volume meaning there will be much more honest traders on paxville due to these changes I mean what's the

Point of having twice as much as volume if half of that volume are people with negative motives right okay so let's move on to some more paxville related news yeah yeah gold like in all bars of cold soap actual has recently added gold

As a form of payment when trading PTC and here's what the article has to say selling bitcoins for gold gold is one of the oldest known valuables in the world and one that has consistently increased in value over time despite the changes

In the economy we are happy to offer you an opportunity to sell bitcoins for gold here's everything you need to know about trading with gold so this article is pretty much like a how to trade BTC for gold and it goes over all the important

Steps such as you know what to keep in mind before you start a trade how to set up an offer how to search for an offer creating an offer and important aspects such as ID and address verification and I highly recommend you guys check this

Article out in this entirety if this is something that sparks interest in you and I would leave the link to the full article in the description box on the comment section as well moving on to other packs full of

Related news and there's a lot and I'm sorry to be a bearer of bad news ladies and gentlemen just don't kill the messenger to kill the message all right I'm only doing you guys a favor by updating you but most of you probably

Already received the email which states starting on Sunday 29th of March 2020 at 12 noon the UTC Greenwich Time all gift card escrow fees will increase from 2% to 3% except for iTunes and Google Play gift cards which remain at 5% and for

All non gift card payment methods escrow fees will remain between 0.5 percent and 1 percent however we got exciting news for you wallets and our fees will be reduced for all transactions under 20 USD starting from the same date as we

Want you to make the most of your trades they do give us an example there then it goes on to say these changes will strengthen our compliance and customer support services when it comes to gift card trades and you'll enjoy making more

With our reduced sent out fees we appreciate your continued support through this time of growth and change thanks the paxville team yeah I mean like 1% increase in the most traded market on the platform that being gift

Cards may not sit too well with traders and I totally understand your concerns being a trader myself but the only thing we could really do to combat this so to speak is to just add an additional 1% to all of your offers and just move on

Right I mean it's similar to my Amazon business I had in the past or any other business for that matter when a manufacturer ups the price for whatever reason the vendor that being US must also adjust his or her product prices

Accordingly so yeah I guess I'll be adding an additional 1% to all of my offers moving forward so my margins ain't going to be affected last but certainly not least and other paxville related news US residents too must it

Submit their ID verification in order to trade on paxville period and anyone who wants to make an offer must also be ID verified the article goes on to say ID mandatory for u.s. trader main takeaway ID verification will

Become mandatory for US citizens and residents beginning the week of April 6 2020 fashion is one of the first peer-to-peer crypto companies that implemented a full anti money laundering EML program that includes ID and proof

Of address verification for starters the KIC status of each user issuing clearly on their profiles so you now have the freedom to trade only with those that have successfully been ID verified when you know that person you're going to

Trade with is real transactions become much more legitimate and transparent second bad actors on financial services platforms never liked ID verification because they fail to provide appropriate documents many of our honest traders

Have been scammed and had their money stolen away because there was no way to check whether or not someone was legitimate previously with kic in place our honest traders can now trade confidently with

Much lower levels of risks again guys I know this may not sit well with other traders but think about it this is going to purge and filter out a lot of scammers and again yes this may affect the trading volume but it also

Legitimized authenticates genuine and honest traders at the same time like I said earlier what's the point of having 1 billion dollars in trading volume if 30% of those trades were from folks with negative and fraudulent intentions it

Makes no sense to me so my personal feelings on this is this I'm always looking at the long-term side of things rather than the short-term and this is certainly a step in the right direction for longevity make no mistake about that

But hey that's all I got for you guys you guys let me know what you think about all of these sudden drastic changes during this fast growth are patterns experiencing and let me know what you think about that in the comment

Section below and also do be on the lookout for my next video because I'm going to be showing you guys another crypto lifestyle hack on how to bank some coin and make profits using paxil so you know what they really isn't much

Left to say other than till the next video you're on your own understanding on continent up to par think we go demanding you shit not I know you feel shit inside TC y'all lifestyle you can beat mine

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