In light of the recent security breach at one of our competitors, where nearly $8 million was reported stolen, we want to reassure you, our loyal users, that Paxful remains a fortress of safety for your funds.
Additionally, this regrettable incident highlights the importance of choosing platforms that prioritize the security of your funds. At Paxful, your security is our top concern, and we go to great lengths to ensure that your funds are protected at all times.
At Paxful, your trust is our most valued asset, and we work tirelessly to protect it. Our commitment to your safety is the foundation of every decision we make.
For example, we utilize institutional-grade custodians BitGo and Fireblocks to provide unmatched security for your funds. Thanks to their state-of-the-art security measures and comprehensive insurance policies, these industry leaders are trusted by hundreds of cryptocurrency platforms worldwide.
Our approach to security goes beyond just words. We’ve instituted multiple layers of protection, including:
We’ve assembled a team of experts with in-depth knowledge of security, regulatory compliance, and blockchain technology to maintain a strong security system. This ensures that Paxful remains a trustworthy and resilient platform in a rapidly evolving crypto landscape fraught with security risks.
The unfortunate incident underscores the need to choose a platform that prioritizes the security of your funds over the speed of feature development. As is often the case, losing your hard-earned cash only takes a click.
Additionally, while innovation is important, we at Paxful believe that nothing is more critical than ensuring the security of your assets.
Your trust drives everything we do. Our dedicated and responsive 24/7 support team is just a click away from answering all your questions or concerns. If you are wondering how you can reach them, click the Paxful “help” icon in the bottom-right corner of the page as shown below:
If you have friends or colleagues impacted by the breach, let them know Paxful is here to offer a safe and reliable alternative.
Thank you for choosing Paxful—where your security always comes first.
👉Additional readings:
1. Is Paxful Safe? What You Need to Know About Our Safety and Reputation
2. What is Paxful and How Does it Work?
3. Paxful Co-Founder Artur Schaback Finalizes Separation from Paxful, Steps Down as Director
Paxful is a marketplace where people can buy and sell cryptocurrencies directly with each other. You can get digital money instantly and pay with debit, credit, cash, and any currency.
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A Paxful account can be restricted for either security reasons or for violating our ToS. The good news is that not all restrictions are permanent.
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