PaxosReviews of paxos.com

Withdrawal is now possible from Paxos with Vel Point Ltd. Their service was outstanding.

A friend of mine asked me to put 2000 and trade in Paxos. the trading was OK until I wanted to withdraw some money. Customer service asked me to upgrade the network because my account was sending in the Polygon network. I did pay the upgrade and I asked if I can continue trading. When the trading amount was considerable I proceed to withadraw but to my surprise my "fund" were still in polygon network. To make sure I moved the funds from coinbase to Bybit wallet but funds never arrived. Contacted Bybit they told me the coins were fake. All my earnings at the site were fake.

I have a lot of money in Paxos and everytime i try to withdraw it there is a problem, first I had to upgrade which i had to pay for, then there was a problem with money laundering which again i had to pay for then there was a problem with the blockchain and again they want more monies. They did allow one withdrawall into coinbase but it was paid in as polygon and i cant withdraw it and coinbase says they are fake tokens!!! I have no idea where to go now.

They do NOT allow withdrawals to private crypto wallets anymore!

I filled all information that they requested until now, i deposited money and they didn't returned to me yet, and they asked me to fill the same google form 4 times and i did, and they still keep sending the same email over and over.

𝙸 𝚛𝚎𝚚𝚞𝚎𝚜𝚝𝚎𝚍 𝚏𝚘𝚛 𝚖𝚢 re𝚏𝚞𝚗𝚍𝚒𝚗𝚐 𝚋𝚊𝚌𝚔 𝚝𝚑𝚛𝚎𝚎 𝚠𝚎𝚎𝚔 𝚊𝚐𝚘 (𝚜𝚞𝚌𝚌𝚎𝚜𝚜𝚏𝚞𝚕) 𝚝𝚑𝚛𝚘𝚞𝚐𝚑 𝚝𝚑𝚎 𝚗𝚊𝚖𝚎 𝚘𝚗 𝚖𝚢 𝚙𝚛𝚘𝚏𝚒𝚕𝚎 𝚙𝚒𝚌𝚝𝚞𝚛𝚎 𝚊𝚗𝚍 𝚝𝚑𝚎 𝚊𝚌𝚌𝚘𝚞𝚗𝚝 𝚒𝚜 𝚜𝚝𝚒𝚕𝚕 𝚘𝚙𝚎𝚗 𝚋𝚞𝚝 𝚑𝚎𝚕𝚕 𝚗𝚘 𝙸 𝚠𝚒𝚕𝚕 𝚙𝚞𝚝 𝚖𝚢 (𝚖𝚘𝚗𝚎𝚢) 𝚘𝚗 𝚒𝚝 𝚊𝚐𝚊𝚒𝚗…

Paxos is denying onboarding institutional applications for self-directed IRA Trusts from US citizens who live, work & study in the U.S., even applications of other family members who have already being onboarded. Why? "Your application has been rejected due to it sitting outside of our risk appetite."

Paxos erased my account, attempting to steal the over $300,000.00 balance. But they will eventually repay. In the meantime I suggest staying away from Paxos. Sad.