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Privacy practices may vary based on, for example, the features you use or your age. Learn More. Up to six family members will be able to use this app with Family Sharing enabled. App Store Preview. Description Paxful is a peer-to-peer platform for buying, selling, and trading digital currencies. Ratings and Reviews. App Privacy. Information Provider Paxful Inc.
Size Category Finance. Compatibility iPhone Requires iOS Mac Requires macOS Price Free. However, you can buy Bitcoin using a record-breaking number of different payment methods. You can pay with over different payment methods PayPal included. This is a very impressive feature of this peer-to-peer marketplace. In any event, as always, US-investors should do their own independent assessment of any problems arising from their residency or citizenship.
Paxful promotes three things as their main advantages: easy purchases, safety and security, and instant live chat. That it is easy to buy crypto here is naturally very helpful. In particular for the newer crypto investors.
The instant live chat feature is likely most important to the newer cryptocurrency investor. All in all, Paxful feels more designed towards the unexperienced crypto trader than the more seasoned ones. Different exchanges have different trading views. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history.
Paxful focuses on speed and simplicity, rather than having all the charting tools that many other exchanges offer. The below is a picture of the standard interface at the Paxful-platform:. On 21 February , Paxful and Bitmart announced that they are entering into a joint partnership. The main purpose of the partnership is to increase both scalability and liquidity of both platforms.
This partnership will make it possible for users to make payments on the BitMart-platform via the Paxful-system. Service fees are 1. Buyers can trade free of charge. The service fee is paid by the seller and amounts to 1. This is higher than the ordinary trading fees for regular exchanges being around 0.
But a user should remember that the service is also a bit different. Paxful charges different withdrawal fees dependent upon how much you withdraw.
Paxful users have the ability to create vendor accounts to sell bitcoin for cash, gift cards, prepaid cards and more. With an escrow system, the process is secure and makes Paxful the premier bitcoin marketplace online. Paxful is a person-to-person marketplace that supports over payment methods. The mission of Paxful is to give working people a simple, fair and secure platform for trading the value of their work and to be the Uber of bitcoin services.
The company is disrupting the financial services industry by offering a brand new way for merchants to become their own exchange. The Paxful user interface is simple to use and easy to navigate. The sign-up and verification process is smooth and thorough. Before making any purchase decision with an exchange always ensure to investigate the reputation of management, venture capital investors and regulatory approvals.
Paxful is based in New York, New York and was founded in Paxful is one of the largest bitcoin marketplaces online today with an ever-growing number of payment methods for users of all types. If you want to buy bitcoin using Paxful then you can follow this step-by-step guide to get started right away.
The key is finding a buyer or seller who is willing to work with your needs and requirements. Paxful has quite possibly the most bountiful options for payment methods out of all the exchanges for buying bitcoin. Among the options, gift cards seem to be incredibly popular. If you are a banking customer of GreenDot, Simple or Chime you will feel right at home using the app to make trades. Those who are familiar with Cash App, ApplePay, MovoCash or Zelle are able to use these services to seamlessly send and receive money for bitcoin.
You can view all payment methods available on Paxful here. The fee for bank transfers is 0. This covers the cost of operating expenses for Paxful. Paxful does not charge fees to their buyers. The fee structure may change in the future. Requires email and phone verification. This increases the security level of the account, provides access to a higher amount of offers, creates a higher level of trust. Requires ID verification. Increases trading volume limits, provides access to additional trading methods such as Bank Transfer.
It is necessary to create offers to buy bitcoins. No need for 0. Requires Address verification. Increases trading volume limits. The Paxful marketplace makes it easy to buy and sell bitcoin with different payment methods at ease and earn an extra income. Merchants and entrepreneurs can receive and close trades under their own terms in any amount at any time. The escrow system makes it so that you only release bitcoins from your Paxful Bitcoin Wallet if the terms of the trade have been met.
You can find my personal Paxful profile and trade with me here if you want. A vendor account is especially useful if Paxful is your main bitcoin wallet or you are an affiliate of Paxful and receive commissions in BTC. When you buy bitcoin it automatically goes into your free Paxful Bitcoin Wallet. A total of 3 confirmations are needed for bitcoin to be officially added to your wallet. You can top up your account by going to the button at the top named Wallet. The wallet makes it simple to send, receive and store bitcoin seamlessly and effortlessly from anywhere.
It is recommended that you do not store your bitcoins in the Paxful Bitcoin Wallet for the long-term and instead move them into a hardware wallet like the Trezor One. When compared to exchanges that only allow you to buy directly from them, Paxful has an escrow system that secures the buying and selling process for traders. The escrow system works safely by keeping the bitcoin in each trade in a 3rd party safety deposit account.
Only once all terms have been met are the bitcoins released and the trade completed. Escrow protects sellers from fraudulent buyers by requiring the bitcoin to be deposited upfront and released only if the terms of the sale have been met. Escrow protects buyers from sellers who refuse to release coins after sending payment.
As an additional measure, buyers can upload proof of payment for Paxful moderators to have them release bitcoin to their wallet. Every trade has a chat that is used to communicate with the buyer or seller and to upload supporting documents. A buyer or seller can open a dispute and provide supporting documents to the moderators if the seller does not release the bitcoins on time or if the buyer is coin locking without making a payment.
The buyer has the ability to cancel the trade at any time. If the trade has been marked as paid, then the buyer must wait for the seller to release the bitcoins. Yes, Paxful is one of the most secure platforms for buying and selling bitcoin with different payment methods.
Upon sign-up, you will encounter a five-layer process to ensure the security of your account which includes your phone number and email address. However, be sure that you are using a reputable vendor that does not have issues with security or safety of funds in their possession. This is important because if something happens once you transfer your coins to the wallet, you will have little recourse for recovery.
Create a sell order at your exchange of choice. Some exchanges will allow you to choose a limit or market price, and some will set the sell rate for you. Use cash as an alternative to PayPal if selling bitcoin face-to-face or via another person. Sell bitcoins through person-to-person trading. Paxful, LocalBitcoins, and Local Monero are all platforms that allow you to buy or sell crypto directly with people in your community. By creating a listing on an online marketplace, you can sell your items in exchange for cash.
However, listings are not always free, and there may be some fees when selling certain currencies like Bitcoin Cash. Face-to-face transaction services like LocalBitcoins and Paxful are the easiest way to cash-out your cryptocurrency for physical fiat currency. In addition, you can have an in-person meeting at your local coffee shop. However, there are some extra precautions and security steps that you need to follow.
Security is always paramount in cryptocurrencies, so make sure you are aware of the risks. CoinBase allows users to buy and sell Bitcoin online with a credit card or through their bank account. You can even deposit fiat currency into your PayPal account. Users who have used BitPanda in the past know that they charge hefty fees when buying and selling Bitcoin, but CoinBase charges a smaller fee. Changelly is one of the most popular platforms for exchanging cryptocurrencies. To sell bitcoins in Canada , you will need to do it through them.
You can also buy bitcoins with a credit or debit card on their website. Coinmama is another excellent online platform to sell bitcoins in Canada for cash. If you live in Europe, BitPanda is likely the easiest way to sell Bitcoin for cash. BitPanda allows users to buy and sell Bitcoin online with a credit card or through their bank account. Users who have used CoinBase in the past know that they charge hefty fees when buying and selling Bitcoin, but BitPanda charges a smaller fee.
If you live in the UK, finder. The website features tens of thousands of classified listings, including ads for people willing to buy or sell digital currency. You can also check out Craigslist and Facebook Marketplace if you want more diverse options. If you live in Australia, check out preev. This site allows users from all over the world, including Australians, to conduct transactions online through bank transfers and local meetups. Selling bitcoins is hard work, and it takes time. Fortunately, there are now plenty of options for those looking to sell their bitcoins safely and conveniently.
Paxful is a peer-to-peer marketplace that allows individuals to safely buy, sell, send and receive bitcoin using cash deposit or PayPal as payment methods. The site features over payment options, so any country-specific currency is valid to purchase bitcoins at a low fee.
Users can place ads with specific payment or shipping instructions, and interested buyers will contact them to purchase bitcoins using the advertised payment method. The site makes it easy for users to buy bitcoin online from local sellers quickly and safely without having to use a bank account. Paxful also features an escrow service that holds funds until the transaction is complete, and trusted sellers can earn positive feedback for their efforts.
LocalBitcoins is one of the top peer-to-peer exchanges that allow bitcoin buyers and sellers to meet up locally or use an online escrow service. Local Bitcoins also enables users to purchase bitcoins using PayPal for a small fee. Once the transaction is complete, LocalBitcoins will release funds to the buyer or seller, depending on who initiated the transfer first.
Alternatively, buyers and sellers can use an escrow service that holds bitcoin until all parties are satisfied with any transactions during the trade. Sellers should be aware of scams that can take place during in-person trades. BitQuick is a peer-to-peer bitcoin exchange. BitQuick is very similar to LocalBitcoins, but serves more countries and offers higher buying limits for many of its services. In addition, BitQuick provides an escrow service for Bitcoin transactions for thousands of American banks.
Looking to buy cryptocurrencies with cash? Cash deposits might be your answer and it only takes a few steps for you to do it. You can now buy Bitcoin using GCash on Paxful. With our secure However, they will need to create a GCash account in order to receive the money. Now you can buy USDT or sell it to other Paxful users. You also have the option to convert your Bitcoin to Tether or Ethereum and vice versa.