P2P Marketplace Paxful Is Back
It is easy to use p2p platforms to buy crypto with fiat currency and sell your crypto to get fiat currency. One of the popular peer-to-peer (P2P) marketplaces Paxful halted its operation in April 2023 although its wallet was active. It was a sad news.
Now Paxful is back and will continue its services. They tweeted about it since they are working on restoring functionality to their platform. Trusted and reliable p2p platforms can play an important role in on-ramp and off-ramp crypto and increasing the adoption of cryptocurrency. I personally did not use Paxful yet. If you used their services, you know about this better.
Regulatory uncertainty is a big issue to operate any crypto business. Businesses want to have regulatory clarity so that they do not have to go through any hassle like getting wells notice. Having some unnecessary challenging situations in the middle of an operation is discouraging.
Crypto companies prefer UAE because of the welcoming environment to run crypto businesses. If the environment is favorable for crypto, it will help to accelerate innovation and attract crypto businesses all over the world. Due to challenging situations, crypto businesses have to make hard decisions. No one wants to stop their business operation without any issues.
It is good news that P2P marketplace Paxful is back to running its operation. You can have crypto in the P2P marketplace that you want to sell or do something. It is better to transfer your crypto to your own wallet after buying crypto with fiat currency from a P2P marketplace. Holding crypto in any P2P platform or any centralized crypto exchange is not safe.
In crypto, things can change quickly. Maybe you will not get the time to act quickly and end up losing your crypto assets. Holding your crypto in your own wallet where you have the private key is a way to go.
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