However, these options vary by region, depending on current trader activity. Going through their rеviеws and identity verification before trading would be better. This aids in sеcuring rеliablе partnеrs while eliminating any potential scams. Though Paxful is available to several major countries, the platform has made certain exceptions.
Number of Cryptocurrencies & Payment options (Fiats) supported
With a comprehensive infrastructure and global reach, the platform supports users from various regions while maintaining security and trade integrity. It continues to evolve through new features, supported cryptocurrencies, and community engagement programs, contributing to its role in the global digital asset ecosystem. The platform generates revenue primarily through transaction fees charged to sellers. It also provides premium services such as vendor recognition and peer rewards, though participation in these programs is not mandatory. The Vendor Program is designed for users who frequently sell cryptocurrencies on the platform. Participants are required to maintain a high level of trade activity, reliability, and customer service.
Finder compares a wide range of products, providers and services but we don’t provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. To start using Paxful, go to the Paxful website and choose an amount of Bitcoin you’d like to purchase and your local currency, the amount in Bitcoin you will get is then displayed. After creating an account, you can search for available Bitcoin sellers. The common search categories include the method of payment and type of currency. Other cryptocurrency exchanges have shown an inconsistent trend, but with Paxful, the trend has been consistently positive in its entire existence.
Live Prices
However, our editorial content remains unbiased, reflecting our own opinions or the general information available. For more information on our company policies, read the Affiliate Disclosure, Privacy Policy, and Terms & Conditions. Our Content on the Website is Our own opinion and does not constitute financial or investment advice in any way whatsoever. Nothing published on the Website constitutes an investment recommendation, and You should not rely on any data or Content published by Us for any financial or investment activities. Our Website may link to external sites or content not controlled by us. Such links don’t imply our endorsement, and we aren’t liable for the content, products, or services of these third-party entities.
Selling Cryptocurrency
Any rates, terms, products and services on paxful bitcoin review third-party websites are subject to change without notice. Each tier allows for increased trade volumes and access to additional features. Identity verification typically includes submission of government-issued identification and, in some cases, a facial recognition check.
Features
Although the platform requires the ID verification of its clients and ensures that the KYC standards are up to par. Paxful is becoming one of the more trusted crypto brokers in the market. They have great security and haven’t had any major security breaches like some of the other brokers out there. I have used them on a few occasions to buy ETH for NFT and have had no problems. I find the much faster than coinbase when transferring the fund to my metamask. Also, it’s pretty easy to withdraw the fund to fiat, I haven’t had any trouble.
Customer Support
- KuCoin charges a 0.1% spot trading fee for both makers and takers.
- Ray Youssef and Artur Schaback founded the exchange and еnvisionеd a crypto community accessible to tradеrs worldwide.
- Firstly, make sure our on the Paxful homepage, select the payment method you want to use and key in the amount you want to spend and be sure to select the currency of your choice.
- These fees are calculated dynamically based on current blockchain network conditions.
- With its 34+ million users, KuCoin is one of the most popular crypto exchanges that supports spot, margin, pre-market, options, and futures trading.
You don’t need to have any technical knowledge about the cryptocurrencies to buy from Paxful. Safety and security are the most important concerns for the investors, so the platform offers what the users want. Yes, it may seem cool that you can buy bitcoin with gift cards, mobile top up cards or more. However, if you scratch the surface, what this means is that a person without a bank account can go into a store and buy a mobile topup card then use this to buy Bitcoin on Paxful. With almost any other crypto exchange, this sort of person is excluded from buying Bitcoin.
The fees vary depending on the Bitcoin network’s congestion at the time of transfer. Buying Bitcoin into your Paxful wallet is usually free, but selling Bitcoin incurs a fee that varies depending on the payment method. This platform is mainly created for new or inexperienced cryptocurrency investors to trade crypto easily and safely. It offers the simplest user interface that is not offered by any other cryptocurrency exchange or broker available on the market. Paxful may just seem to be a marketplace with a staggering number of payment methods.
However, most people trade on the web application with the best quality of customer support. Paxful uses BitGo for its wallet service, and this is the most reliable and secure service in the market. Paxful will never ask you for your account details or your bitcoin wallet.
However, some of these crypto exchanges just don’t cut it – either because of their geo-restrictions (for example Coinbase doesn’t accept people from many countries) or their accepted payment methods. Paxful is the largest and longest-running peer-to-peer (P2P) crypto marketplace. Unlike centralized exchanges that act as mediators between traders, Paxful lets users buy and sell crypto to each other directly with 300+ available payment methods. Paxful is a safe and easy to use peer-to-peer crypto exchange platform that uses Escrow service to protect buyers and sellers from scams. Moreover, the platform also offers a lot of other features, and in this Paxful review, we’d try covering as many of those features as we could. Paxful’s core value proposition is connecting buyers and sellers directly, facilitating seamless peer-to-peer transactions.
- Paxful’s moderators review submitted evidence, including chat logs, payment proofs, and any uploaded documentation.
- It has a lot of unique features and customizations that help users, especially newbies, to get the best trading experience.
- The reasons for buying and selling of gift cards include online freelancers cashing in their earned gift cards, selling off unwanted spare gift cards, etc.
- The transaction has to be verified as confirmed by both parties.
It provides an escrow service to ensure secure transactions between users. Unlike centralized exchanges, such as Binance or Kraken, Paxful doesn’t have an order book – all the transactions are manual. Paxful has established itself as a prominent player in the peer-to-peer cryptocurrency exchange sector.
With no buying fees and only minimal charges for selling, you’re saving on commissions. Still, there’s a shortcoming or two that might give you second thoughts. If you’re partial to anything else than BTC, ETH, or stablecoins, Paxful won’t have much to offer.
If you agree to work with them outside Paxful, you will lose the escrow protection. Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page. It currently has offices in Estonia, the UK, the Philippines, Dubai and St. Petersburg.Paxful’s mission is to empower the four billion people on Earth who are either unbanked or underbanked.
That is why the platform now accepts alternative forms of identification like the Nigerian BVN code, which is a form of biometric ID. Only release payments from escrow once you have had your payment fully confirmed. Make sure you don’t release Bitcoin from escrow if the payment is pending. Paxful simply offers the widest range of methods to buy Bitcoin out there. The team at CryptoVantage.com only recommends products and services that we would use ourselves and that we believe will provide value to our readers.