Paxful is an online market place that connects buyers and sellers of bitcoin. It allows users to buy bitcoin using a wide variety of payment methods which makes it easier than ever to get your hands on one of the fastest appreciating investment vehicles of all time. In this post, we’ll review Paxful unpacking what it offers and why you may want to give this one a try.
History of Paxful
Paxful was started in 2015 by Ray Youssef and Artur Schaback and is incorporated in Wilmington, Delaware, USA. While it is a U.S. corporation, it allows trading of bitcoin on a global basis.
It can be used in most countries so if you are from, for example, USA, China, Nigeria, Russia, India, the UK and many more you can start buying your bitcoin there today.
What can you do on Paxful?
Paxful has many features and services for those interested in Bitcoin. Check it out:
What ways can you buy bitcoin on Paxful?
One of the most important questions when buying bitcoin is – ‘how can I pay for it?’ On Paxful, there are more than 300 ways to pay for bitcoins.
If one of the following ways is your bag, then you’re covered:
Buy bitcoins with Bank Transfer, Cash Deposit
Buy bitcoins with Online Wallets like PayPal, Skrill, Neteller
Buy bitcoins with iTunes gift cards
Buy bitcoins with Amazon gift cards
Buy bitcoins doing local trades for Cash In-Person
Buy bitcoins with altcoins like Ethereum, Litecoin, Ripple and so on.
How to buy bitcoin on Paxful (a step by step beginner’s guide)
Check out our beginners guide to buying your first bitcoin on the Paxful platform:
Is Paxful safe?
Yes, it is. Here’ are a few of the controls Paxful has in place to safeguard your crypto:
Paxful Wallet – upon registration you are given a Paxful wallet which is super safe.
2-Factor Authentication – the Paxful wallet can be backed up with 2-factor authentication which always gives peace of mind.
Escrow Service – this service holds both the seller’s Bitcoin and the buyer’s funds in a separate account until all parts of the transaction have been approved and confirmed. No one likes losing their bitcoin!
Reputation Ratings – all traders on Paxful have reputation readings based on their actions on the platform. This helps you make informed choices when selecting trade partners.
Customer Support – Paxful offers instant online support which is always a great comfort when you’re dealing with crypto.
Ways to stay safe on Paxful?
As Paxful is a peer to peer market place, you do have to think about online safety. Money can be stolen if you don’t take a proactive approach to smart trading.
- Always do a deep dive into the seller’s profile before transacting with them. Check out their ratings and look for accounts over 1 year old.
- Has the seller got verified email and phone numbers? This is important. Without them, this is a red flag.
- Never trade outside the platform.
- Contact support if anyone is behaving in a suspicious way.
How can I earn money on Paxful?
Yes, that’s right! You can even make money on Paxful. It has a successful affiliate programme. You earn 50% of standard escrow fees from your direct Tier 1 affiliate and 10% from trades made by Tier 2 affiliates.
Check it out:
Paxful review 2019: Is it safe? Wrapped up!
Paxful brings users the ability to buy bitcoins with a large range of payment methods. The exchange rates are competitive and the trading experience is smooth. If you’re making sure you trade safe, Paxul may become your preferred bitcoin trading platform.