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News

Paxful Notify Users To Move Bitcoin To Self Escrow

December 12, 2022 - Around 2 mins mins to read
The peer-to-peer bitcoin cryptocurrency exchange urges users to self-regulate Bitcoin and should deposit on Paxful or any exchange to avoid risk in the market crisis after the crash of FTX.
Paxful

In a recent letter to users of the Bitcoin P2P marketplace, Paxful CEO and co-founder Ray Youssef shared his Twitter message to users, informing users move their Bitcoins to self-regulatory mode.

And said users should not deposit on Paxful or any exchange, keep only the tokens they trade here.

Youssef took the example of banks in 2008 and more recently with FTX to advise users not to depend on those custodians and their ethics. However, he still insists customers can rest assured that if they want to keep their Bitcoins on Paxful, users’ funds will be safe.

Paxful

It seems that the November crypto crash of Sam Bankman-Fried empire, considered the 2nd giant after CZ’s Binance, has drained investors’ confidence in the crypto market. Ray Youssef’s advice will probably also be noticed by most investors at this time when all the consequences of FTX have not been determined yet.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Foxy

Coincu News

News

Paxful Notify Users To Move Bitcoin To Self Escrow

The peer-to-peer bitcoin cryptocurrency exchange urges users to self-regulate Bitcoin and should deposit on Paxful or any exchange to avoid risk in the market crisis after the crash of FTX.
Paxful

In a recent letter to users of the Bitcoin P2P marketplace, Paxful CEO and co-founder Ray Youssef shared his Twitter message to users, informing users move their Bitcoins to self-regulatory mode.

And said users should not deposit on Paxful or any exchange, keep only the tokens they trade here.

Youssef took the example of banks in 2008 and more recently with FTX to advise users not to depend on those custodians and their ethics. However, he still insists customers can rest assured that if they want to keep their Bitcoins on Paxful, users’ funds will be safe.

Paxful

It seems that the November crypto crash of Sam Bankman-Fried empire, considered the 2nd giant after CZ’s Binance, has drained investors’ confidence in the crypto market. Ray Youssef’s advice will probably also be noticed by most investors at this time when all the consequences of FTX have not been determined yet.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Foxy

Coincu News

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