Paxful is a digital wallet service and a peer-to-peer exchange, which has users in almost 200 countries and supports more than 300 payment methods to purchase Bitcoin.

It is a much-needed solution for seasoned investors and traders in countries where they cannot access Bitcoin and altcoins any other way.

How it works

The following deposit methods are available to Paxful customers:

·         Bank transfer

·         PayPal

·         Skrill

·         Neteller

·         A debit card or credit card

·         Western Union

·         Payoneer

·         iTunes gift card

·         Amazon gift card

·         Cash

·         Cryptocurrencies

The seller releases Bitcoin to the buyer after confirming receipt of funds from the platform’s escrow service.

Paxful is available all over the world. The minimum amount you can buy is equivalent to $10.

To sign up, all you need to provide is your name, country, mobile number, email address, and password.

Verification levels

Paxful has a relatively high number of verification levels: four. For the first one, you’re asked to validate your phone and email address. The trade limit is $1,000.

For the second, you’re required to undergo ID verification. The trade limit is $10,000.

On level 3, the platform requires address verification, and the limit is set at $50,000 per trade. On the highest level, the limit is above that, but enhanced due diligence is required. High-volume traders will find this a worthwhile option as Paxful can be used in any location with a reliable internet connection, even where crypto trading is banned.

Paxful has a desktop and a mobile trading app. To get started, click on the “New Order” button. Verifying the seller’s ID before you commit to purchase from them is recommended. Once you’ve reviewed the seller to your satisfaction, enter the amount of money you’d like to spend. The seller will transfer the crypto to you. Until then, your funds will be in escrow.

Key features

Paxful offers low fees and a wide variety of payment methods. The service fee is around 1% and is charged to process withdrawals from Paxful to your account. Below are a few other key features.

High security

Paxful is a highly secure platform, albeit unregulated. It follows strict KYC and AML (know your customer and anti-money laundering) procedures. With every deposit, the platform creates a new wallet for users, reducing the risk of a hack. Paxful also introduced two-factor authentication a few years ago.

Cloud-based wallet

Paxful is more than a trading platform; it’s a Bitcoin and Tether wallet. You can use this cloud-based wallet anywhere in the world as long as your internet access is reliable.

The wallet is directly linked to Paxful’s exchange platform so that users can sell and buy Bitcoin quickly and seamlessly.

Pros

·         Offers biometric verification

·         Fixed trading fees

·         Hundreds of payment methods

·         Quick and responsive support

·         Reliable escrow trading

Cons

·         Only Bitcoin, Tether, and Ethereum available for trading

·         Trading can be challenging for novices

Why should you use Paxful?

You’re always in control of your funds when using the Paxful wallet app. Paxful also offers a wide variety of payment methods, with bank transfers being the most popular option. 

The platform holds all funds in highly secure escrow until both the buyer and the seller have received full assurance the transaction will go through as agreed. The escrow feature provides much-needed trust in a market that has yet to make a name for itself in this respect.

The support team is helpful and responsive if issues arise. They are patient and can help walk inexperienced users through the process. They will answer your questions to your full satisfaction.

What makes it different from competitors?

All too often, people are forced to compromise when selecting a peer-to-peer cryptocurrency exchange. In most cases, you have to choose between low fees and a high number of payment methods with extra features. If you are looking for impressive features, you have to pay higher fees. 

Paxful is one provider that breaks with this tendency. Its minimum fee is set at just 0.5% and doesn’t charge fees on crypto purchases. The fee incurred by sellers depends on the payment method. It’s highest on gift card payments: 4% on average.

Final verdict 

All in all, we find this platform’s pluses outweigh the minuses. It features a sleek design, peer-to-peer crypto trading, a vast range of deposit methods, and no fee for buying crypto. Unfortunately, it has a limited cryptocurrency selection to choose from, but that may change as it grows.

The post An objective review of Paxful.com appeared first on CoinJournal.

Paysafe is a provider of merchant services. Its primary markets are Europe and North America. As many of its features are available only in Europe, US businesses use it mainly to provide credit card payment services.

Paysafe is also well-known for its vast range of payment solutions. It’s equipped to process payments on mobile devices, orders by phone or mail, orders online, and purchases made at a physical venue. It can process ACH payments, help companies accept checks, acquire working capital, and offer gift and loyalty cards.

How it works

It’s pretty simple to get started with Paysafe. When you click “Sign up,” you’ll be asked to choose your country. You can select from Global, US, UK, and Canada. Then, they ask if you’re an iGaming business. 

This is followed by a brief contact form, where you must enter your name, email, phone, company name, website, and the country, where your business is based. Finally, there’s a question about your turnover volume. You verify that you’re not a robot, and you move on.

With Paysafe, your business can accept MasterCard, Visa, American Express, Discover, Carte Blanc, Voyager, Diner’s Club, JCB, EBT, debit cards, and Wright Express. It eliminates the risk of accepting ACH payments and electronic check processing.

The platform uses Check 21 to convert physical checks into electronic ones. It helps verify them at the point of sale, after which they are deposited directly into the business’s account. The inconvenience of trips to the bank and the risk of bounced checks are minimized.

Key features

Customers of Paysafe can accept contactless payments, EMV cards, and magnetic stripe cards for in-store payments, depending on their equipment. The platform will equip you with Payment XP to accept online payments. 

Then, you can accept debit, credit, and gift cards, Check 21, ACH, checks, and subscriptions.

Paysafe offers Meritus PC and Payment XP to businesses that want to accept phone and mail order payments by check or card.

Mobile payments

Businesses that sign up with Paysafe can accept mobile payments via Meritus Mobile and wireless terminals. These are a good option for transport or at-home service companies. While a bit more expensive, wireless terminals have inbuilt printers and accept EMV cards, among other features.

Meritus lets you accept card payments through your tablet or smartphone. The platform supports payments via online and in-person debit and credit cards from most leading card issuers. 

It guarantees security during checkout with tokenization, fraud prevention tools, and a process to manage chargebacks, which ensures PCI compliance.

Specific solutions

Paysafe’s services go beyond general payment processing to include more specific solutions for gas stations, convenience stores, regulated online lotteries, iGaming companies, digital marketing companies, etc.

One last important feature is Paysafe’s digital wallet, which allows users to pay contactless and stores credit card information. It offers this service through Skrill and Neteller, which it’s associated with.

Pros

Paysafe offers customized pricing, which lets businesses save on unnecessary features. They pay only for what they need. Businesses that process large volumes consistently can take advantage of discounts in cases where average transaction sums and monthly transaction volume are factors in price formation.

Cons

Paysafe offers a cash advance of up to $2 million to merchants who need quick access to working capital. However, its terms are not very transparent. 

The platform’s pricing is not self-explanatory. Rather, it offers individual quotes based on several factors. This is a disadvantage for small businesses, but not for large ones, as noted above.

US-based businesses face limitations as many Paysafe payment methods aren’t available in the country.

Why should you use Paysafe?

Paysafe has a wide variety of features, and a convenient user interface with easy access to data. It includes reports and easy withdrawal thanks to the Paysafe Skrill wallet, which is effortless to sign up for. No fees are charged on transfers to foreign bank accounts.

What makes it different from competitors?

Paysafe’s sales approach is tailored to individual markets as the parent company of various payment processing firms. Its online and e-commerce products rely on strategic partnerships and internet marketing to target high-risk and niche industries, which sets it apart from the competition.

Final verdict

Businesses looking for customized fees that have high transaction volumes will like Paysafe’s quote-only pricing approach. Small companies will probably be better off looking elsewhere, as will businesses that need niche software features.

The post Paysafe.com: An objective review appeared first on CoinJournal.

Steve Cohen, a hedge fund billionaire whose move to invest in crypto startup Radkl made headlines across Wall Street, has reportedly ditched the investment, according to Bloomberg.

Cohen invested in the crypto company in September last year.

Radkl still ‘well capitalised’

A Radkl spokesperson confirmed the report, the publication noted, noting that despite the exit of the founder of hedge fund firm Point 72 Asset Management, the startup remains in a good position capital-wise.

The source also claimed the quantitative trading platform, which launched its services in 2021, is still ‘well-capitalised’ and has major support from existing investors. The startup is also seeing significant growth, the report quoted the spokesperson as saying.

Radkl is a firm that sprouted off GTS, the New York Stock Exchange market maker and offers new prop trading functionality for digital assets. The platform experienced massive growth amid last year’s bull run, but like the larger crypto market, hit some lull amid the crypto winter.

Part of its growing pains include the exit of its pioneer managing director Jim Greco and three others. Jason Bell, Allan Erskine, and Beatrice O’Carroll have all exited over the past seven months.

As well as Radkl, Cohen’s other crypto investments include NFT project Recur and participation in a funding round for blockchain analytics provider Messari

The post Billionaire Steve Cohen exits investment in crypto startup Radkl: report appeared first on CoinJournal.

The price of Wing Finance token has been on the rise in the past few days, especially since Thursday, July 28. The price skyrocketed to hit a high above $53 on Friday, July 29 before taking a major dive to its current price of $16.69. WING token has gained about 167.8% over the past 7 days and it is still bullish.

Nevertheless, investors believe that last week’s price hike is a pointer that the WING token could jump to higher highs in the coming days. After all, it is currently trading at more than triple its price on July 27, which is about five days ago.

To help investors and traders who want to take advantage of the Wing Finance token especially now that it has dropped from its Friday’s high, Coinjournal has created this brief article to help with identifying the best places to buy WING tokens.

To find out more, please continue reading.

Best places to buy Wing Finance token

OKX

OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in. OKX takes customer security very seriously, they store almost all of their clients‘ funds in cold storage, and the exchange is yet to be hacked. On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.

Buy WING with OKX today Disclaimer

Binance

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.

Buy WING with Binance today

What is Wing Finance?

Wing Finance, commonly just referred to as Wing, is a credit-based, decentralized platform that is designed for crypto-asset lending and cross-chain communication between Decentralized finance (DeFi) projects.

It aims at making crypto lending services more inclusive via a credit evaluation module that eliminates the need for use of collateral in borrowing. It also allows for the creation of new blockchain projects.

Wing uses decentralized governance (DAO) coupled with a risk control mechanism to develop a relationship between creditors, borrowers, and guarantors. This has increased the number of projects using the platform and also increased accessibility to crypto lending and borrowing services to users

Wing has successfully managed to tackle the problem of over-collateralization that plagues the DeFi industry by using the Wing DAO. The DAO has built a credit-based DeFi protocol that runs on the Ontology (ONT) blockchain and it allows users to also take part in the decision-making, operations, and product design processes.

Should I buy the WING coin today?

If you are looking for a cryptocurrency that has shown signs of taking off in the coming days, especially in the wake of the recent crypto market meltdown, then Wing Finance could be a good choice.

Nevertheless, you should take caution since the crypto market is extremely volatile as just witnessed with WING over the weekend where its price rose to above $53 and dived below $20 in a matter of five days.

Wing Finance price prediction

A majority believe that Wing Finance the hike on Friday was just a warm-up and it could be poised for a major take off especially following the rising activity on the Wing platform.

Wing platform recently launched the Wing NFT Pool and announced the Wing x Flamingo Joint Event and Wing Polkapets NFT Airdrop Update.

All eyes are on a target price of $60 before the end of this week.

Wing Finance social media coverage

🚨UPGRADE ANNOUNCEMENT #Wing Flash Pools are undergoing an upgrade from 3:00 am on 1st August for optimization of $WING distribution model. 🙌

Users will be informed when the upgrade is complete.#DeFi pic.twitter.com/cSvGoRyAy0

— Wing (nft.wing.finance💙) (@Wing_Finance) August 1, 2022

🚨UPGRADE ANNOUNCEMENT #Wing Flash Pools are undergoing an upgrade from 3:00 am on 1st August for optimization of $WING distribution model. 🙌

Users will be informed when the upgrade is complete.#DeFi pic.twitter.com/cSvGoRyAy0

— Wing (nft.wing.finance💙) (@Wing_Finance) August 1, 2022

 

The post Wing Finance gains 167% in a week: here’s where to buy WING token appeared first on CoinJournal.

Aave DAO, the Aave DeFi protocol’s governing body, in voting that ended today has voted in favor of a proposal by Aave Companies to the DAO for the introduction of GHO.

In the three-day voting process, the GHO stablecoin proposal was supported by 99.99% of all the voters (501,000 AAVE token holders).

The GHO will be administered by Aave governance through an AIP and 100% of interest payments on GHO borrows will also be sent to the AaveDAO. However, it will be up to the AaveDAO to decide if it will support the Aave Companies for the cost and work on the GHO.

Minting the GHO stablecoin on Aave

Following the community approval, GHO stablecoin will be launched on the Aave Protocol. Aave protocol users will be able to mint the GHO stablecoin against a wide range of crypto-assets. In addition, those who borrow GHO will also continue to earn interest on their underlying supplied collateral.

Aave users have the liberty of depositing any of the cryptocurrencies accepted on the platform as collateral for minting the GHO stablecoin. Besides the deposits serving as collateral for minting GHO stablecoin, the deposits will also generate yield for the Aave Borrowers who take out GHO stablecoin loans.

Just like the MakerDAO’s DAI, Aave wants the GHO to be an over-collateralized stablecoin meaning more GHO tokens will be created compared to the value of the deposited cryptocurrencies.

Earlier on, the founder of Aave, Stani Kulechov, stated that they would try promoting organic acceptance of the GHOstablecoin on Layer 2 of Ethereum.

By approving the proposal to launch the GHO, Aave has basically set itself on a path to join the likes of MakerDAO and other DeFi stablecoin issuers in launching stablecoins. Another protocol that has expressed the intention of launching a stablecoin is Curve Finance.

The post Aave DAO votes in favor of a proposal to launch GHO stablecoin appeared first on CoinJournal.