Paxful review



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Paxful is a great crypto exchange for traders who want to exchange cryptocurrencies with other individuals. The platform supports a wide range of deposit methods, including bank transfers, e-wallets, and gift cards. To start trading Bitcoin on this website, you will have to create a free account by providing details like your phone number and password. You should note that Paxful has a user feedback system that allows traders to identify trusted and experienced peers. Although it has a small selection of cryptocurrencies, the platform is considered one of the best exchanges for peer-to-peer trading. Check out the Paxful homepage now, or continue below to learn more about all the pros and cons!


If you have not triedPaxful yet, then give it a try today. Never has it been easier to get started with buying crypto.

›› Signup at Paxful here

Paxful got over 350 different deposit methods in order to get started with crypto investing.

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Background & Overview

 

Paxful QR code
to scan with phone

Paxful
allows crypto traders to buy cryptocurrencies without paying any fees. However, sellers have to pay a fee that ranges from 0.5% to 5% depending on the payment method used. Since this is a peer-to-peer crypto exchange, the prices for
the tokens will be set by the seller of the coins. In many cases, you will find the prices for cryptocurrencies on this platform highly competitive, especially when compared with other major crypto exchanges.

A major benefit of
Paxful is that it supports a wide range of payment methods. You can use more than 300 deposit methods to purchase coins on this site. Some of the available options include bank transfer, PayPal, Amazon gift cards, Walmart gift cards,
and other cryptocurrencies.

It is easy to avoid scams on Paxful since it uses a reputation system. Users can leave feedback after trading with one another, and this makes it easier to find trustworthy trading partners. You should
check the number of positive and negative customer reviews to avoid scams. It is also important to look at the customer verification of the traders.

Not a customer yet? Register with Paxful today, it's quick and simple!
 

Advantages at Paxful

+You wont have to pay a buying fee when using the service.
+Users of Paxful are not required to complete the verification procedure.
+Paxful
supports a wide range of payment methods.
+The site has a reputation system that helps traders avoid scams.
+You can access the service from almost all parts of the world.
+Paxful is very easy to use. 

Disadvantages

-It only supports a
handful on cryptocurrencies; BTC, ETH & USDT.
-The Paxful exchange is not regulated by any government.
-It is possible for users to get scammed on the site.
-You cannot use an Android or iOS app to access your
account.
-Paxful don't offer deposits with Zimpler, PayID or Solana yet. 

KYC & Registration

You can complete the Paxful signup process within a few seconds. The process
simply involves filling in your telephone number or email and creating a strong password. To access more features and increase the security of your Paxful account, you will have to verify your email address, identity, and physical
address.

 

Leverage

Paxful doesn't offer any leverage. It's a peer to peer crypto exchange, with a huge range of deposit options.

 

Costs

▪ Rated at 10/10

Paxful doesn't have any buying fees for crypto traders, and that means you will get to keep more of your
Bitcoins. However, sellers have to pay a fee that varies depending on the payment method used. Bank transfer trades have the lowest fees, at 0.5%. When using credit cards, digital currencies, online wallets, cash, and goods and
services, the rate will go up to 1%. If you want to transact with iTunes and Google Play cards, you will have to pay a trading fee of 5%. The fee goes down to 3% for all other gift cards.

 

Deposit Methods

▪ Rated at 10/10
Below you can see a list of the deposit methods available on Paxful. Some of them may not be available in United States as it depends on regional regulation, but normally the most common payment methods are available across numerous countries.

Paxful supports all currencies in the world,
including but not limited to, US Dollar (USD), British pound (GBP), Canadian Dollar (CAD), Euro (EUR), Indian rupee (INR), Nigerian Naira (NGN), Chinease Renminbi (CNY), Australian Dollar (AUD), Brazilian Real (BRL), Chilean Peso
(CLP), Check Koruna (CHZ), Ethiopian Birr (ETB), Hong Kong Dollar (HKD), Jamaican Dollar (JMD) and Japanese Yen (JPY). However, when it comes to cryptocurrencies, only Tether (USDT), Bitcoin (BTC) and Ether (ETH) are supported.
Want to see how to get started? Go here to get started with Paxful today.

 

Platforms

▪ Rated at 9/10

Paxful QR code
to scan with phone

Paxful crypto exchange is extremely easy to use. The site uses white and purple colours and is easy on the eye. In order to buy or sell cryptocurrencies on the
site, you will have to use the links at the top of the page. You can filter the offers by the type of cryptocurrency, the available payment method, and the amount you want to sell or buy. Before initiating a trade, you should go through the
reviews of the seller or buyer. This will help you determine whether the trader is reliable and reputable. What are you waiting for? Register for Paxful now - give it a try!

 

Broker Support

▪ Rated at 10/10

You can access Paxful customer support using only
two options: live chat and submitting a ticket. The site uses a live chatbot, so you won't be able to communicate with human beings via live chat. If you want to talk to the support team, you will have to submit a ticket through the live
chat function. The support agents are helpful and will always sort out your issues fast. However, the process of submitting a ticket can be frustrating.

 

Other Names for Paxful

Paxful is or has also been known under the following names: Paxful Inc

 

FAQ

Is Paxful a reliable website?

Yes, this platform is reliable and can be used to
trade 24/7. You can avoid scams on the site by going through the reviews of the traders. Also, avoid working with people who want to trade outside the website as this will leave you vulnerable to scams.

Are my cryptocurrencies
safe at Paxful?


Yes, this website uses an escrow system to prevent fraud. For the storage of your cryptocurrencies, the website uses BitGo, a leader in digital asset custody. The main risk to your cryptocurrencies on this website is
scammers, so you should enable 2-factor authentication.

Which fees do I have to pay when trading on this platform?

You don't need to pay any fees when buying cryptocurrencies on this site. However, selling these coins
comes with a fee of between 0.5% and 5%.

Is this website accessible in all countries?

No, a few countries have been banned Paxful, including North Korea, Libya, Yemen, Burundi, Central African Republic and Iraq.

 

Instruments available

Here
are the instruments available on Paxful that you can buy or sell.

▪ Rated at 8/10

Crypto Currencies

USD/BTC, USD/USDT, USD/ETH, GBP/BTC, GBP/ETH, GBP/USDT, BTC/ETH, BTC/USDT, ETH/USDT, CAD/USDT



Paxful QR code
to scan with phone
›› Sign up at Paxful here

Screenshots from Paxful

Click for larger image

Related blockchain? Learn more about Bitcoin blockchain

Bitcoin blockchain is the blockchain that Paxful related to, so it's worth reading more about it below.

A couple of decades ago, the financial world was taken by storm by the introduction of digital currency. The first of its kind is Bitcoin, which is also the world's most known cryptocurrency and blockchain. Among others like Ethereum, this digital asset operates on a technology known as the blockchain, hence the term Bitcoin Blockchain...

›› Read our full Bitcoin blockchain review here
Bitcoin is the first major blockchain, consisting of an innovative payment network and a new kind of money.

Paxful Review Published: Tuesday, 12 Jul 2022 6:43 pm
Last Updated: Thursday, 18 Aug 2022 12:18 am
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Founders of Paxful
Paxful was developed by Ray Youssef, and he is still the CEO of the company. Ray is a native of New York and has been a serial entrepreneur since 2001. He is also known for launching the Built with Bitcoin initiative. A few years ago, he moved to London and now operate Paxful Inc from the UK, with help of a local team in the U.S.
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