What is Paxful?
Paxful is a type of broker that allows users to buy and sell Bitcoin using more than 300 payment methods. According to statistics, they have over 800,000 customers in the marketplace who are purchasing and trading. There are more than 12,000 trusted vendors among them. More than 960,000 bitcoin transactions have taken place since the invention of Paxful. We will consider a complete review of Paxful in this discussion. If you are a fresher, then you have come to the exact place.
Paxful provides the best security in every transaction. In return, they take some amount of profit from the traders.
How does Paxful work
As you know, there are many trade exchanges in the internet world. So why do users prefer Paxful? The impressive point about Paxful is that they do not require any charges from the buyer. Rather it charges from sellers 0.5% to 5% of the total amount. Their technology automatically updates Bitcoin’s latest value, so there is no possibility of any loss.
Paxful’s interface is simple and straightforward. Not complicated, including widgets like the others. However, you can view the seller’s trade history, which does not support bitcoin wallet rules. You can buy Bitcoin by choosing over 300 payment methods here. For example, you can convert Senegalese currency to Bitcoin. Gift cards also PayPal supports all forms of Paxful.
Buying Bitcoins at Paxful is more comfortable than you consider. You will receive a free Bitcoin wallet as soon as you open a verified account. We will see next how to open a Paxful account and how to trade.
What types of transfers does Paxful support
Bitcoin is a digital currency brand so that you can deposit all the coins in Paxful Online Wallet. You can follow the steps below to buy bitcoin.
- Transfer through bank
- Through cash deposit
- David and credit cards
- Gift card
- Money transfer organizations such as MoneyGram.
How to create a Paxful account and verify
It is possible to open a Paxful account by following some simple steps
- First, enter Paxful’s website.
- Then click on Create Account.
- Here you enter an email address and a unique password.
- Finally, tap on Create Paxful Account.
Note that you will not be able to trade until the account is verified. To do this, enter the mail’s inbox and confirm the email by opening the link provided by Paxful. Paxful verifies working in several steps, and a trade limit option is added to each step.
- Email and phone number – Trade up to 1,500 $
- ID Verification – Up to 10,000$
- Address – Up to 50,000$
Let’s come to the customers first. Paxful is a platform that does not demand money from buyers. Best for you if you are a newcomer.
On the other hand, sellers are charged by the platform based on the payment method that he provided. They will have to pay a fee of 0.5% when using bank transfer, and it can be up to 5% for gift cards. Note that the trader must include these costs in the amount displayed. Otherwise, he will sell the bitcoin at a loss. Looking at a chart will make your point clear.
Why should you choose for Paxful
Why would you choose Paxful among so many brokers? Let’s take a look at some of its unique properties.
- More than 300 payment systems that surprise you.
- Trade is through escrow. BTC gives your money Paxful protection until you accept it.
- It is possible to chat live with each other.
- There is no transaction fee from the buyers.
- Sellers charge only 0.5% to 5%, depending on the payment system.
- It comes with an entirely secure bitcoin wallet.
- Moreover, Paxful Provides excellent customer service.
Paxful Review: FAQ
Is Paxful safe?
Paxful is a reputable and trustworthy company. You can rest assured. Thirty million people in the world think it is genuine. But it is also a market where there may be destructive sellers. Therefore, beware of scammers and deal tactfully.