Paxful Review entails all the detailed insight you need to know about the Cryptocurrency platform known as Paxful. Is it Legit or scam, How to buy & sell or store Bitcoin & Ethereum, How to sell gift card for Crypto, etc.
Buying and selling of Cryptocurrency made easy on Paxful, with your Online wallet, Debit/Credit card, Gift Card, Digital Currencies, etc, you can easily buy & sell Cryptocurrency of your choice.
With Paxful, you can redeem your Gift card for Bitcoin or Ethereum at a good rate then withdraw to your Cryptocurrency wallet. If you have been disturbed of were to redeem your Gift Card for good rate, Buy & Sell Cryptocurrency, then Paxful is the best option.
What Is Paxful
Paxful is a peer-to-peer platform for buying and selling digital currencies which was established in 2015 by a team of developers whose goal was to simplify access to Bitcoin. The platform provides a direct exchange where buyers and sellers of cryptocurrencies can meet and transact with each other directly.
According to the platform, “we believe in equal access to finance, enabling users to trade crypto and earn money in a safe, secure environment. We’re changing how the world moves money and embraces cryptocurrencies, allowing transfers with anyone, anywhere, at any time. The Paxful Bitcoin & Crypto Wallet app is the ultimate companion tool to our platform.”
Features Of Paxful
TRADE CRYPTO WITH HUNDREDS OF PAYMENT METHODS – Paxful allows you to buy cryptocurrencies and convert money with your choice of over 350 payment methods, including gift cards, debit and credit cards, bank transfers, online wallets, and more.
SIMPLE TRANSACTIONS – Easily send, receive, store, and convert Bitcoin and other digital currencies. Use your unique wallet address or QR code to make quick transfers with millions of traders from around the world.
TRADE Cryptocurrency (BTC, USDT & ETH) – Now you can buy or sell BTC, USDT or ETH on Paxful. You also have the option to convert your Bitcoin to Tether or Ethereum and vice versa directly through your Paxful Wallet to protect your crypto from sudden price volatility.
A TRUSTED WALLET – Safely store your crypto in your own personal mobile cryptocurrency wallet, which you’ll receive for free upon creating your account. Enable two-factor authentication for an added layer of protection. Take it everywhere you go and check your balance any time.
LOW FEES – Paxful keeps sendout fees low so everyone can have access to crypto and the global financial market. And there are no fees at all when you’re buying crypto on Paxful so you can get BTC, USDT, and ETH at the lowest possible price.
NEVER MISS A TRADE – Track all of your open trades on Paxful and keep tabs on your most recent transactions as you trade crypto. You’ll also receive updated crypto-to-fiat conversion rates in real time.
INSTANT VERIFICATION – They offer ID and address verification to ensure the safety of our users. Verified accounts can enjoy additional benefits on Paxful. ID and address verification can be done in just a few hours.
CUSTOMER SUPPORT – A dedicated customer support team is here to serve you 24 hours a day, 7 days a week. Whether you’re having trouble with a trade or just have a question, you can be sure that a Paxful representative will be available to help.
A GLOBAL PLATFORM – Paxful is truly global community, with over 5 million users coming from every corner of the world. Choose from over 20 different languages that are available through the Bitcoin Wallet app.
Paxful Registration
Buying & Selling of BTC, USDT & ETH is available for only registered member. To get started, you have to Register with either your Phone Number or Email.
Click Here to register on Paxful. On the registration page, enter your Phone Number, password then tap on Create Account. An OTP will be sent to the number, verify your phone number with the OTP.
After registration, Click on Verify Me on your dashboard. Enter a valid email address then tap on Verify Me. Verify your email with the OTP sent to your mail. Once verified, the next step is to Verify your ID.
How To Verify Your ID On Paxful
Paxful requires all traders to create an account before they can start trading on their platform. This is done by verifying the provided information and providing some information about the trader’s identity, such as its name, date of birth, and phone number.
To increase your trading limit and also be eligible to trade with any users on Paxful, you have to verify your ID. With Email & ID Verification, you will be able to Increase trade and send out limits to 10 000 USD, Convert one crypto into another as well as Trade and send any crypto.
Login to your account and tap on the Profile Icon at the top right corner of your account. Click on My Profile, scroll down and tap Increase Trading Limit under Verifications. Select your Country, Verification Means (ID Card, Drivers License or Passport) then click Start Verification Process.
Haven complete the verification process, your account will be upgraded within some minutes and you will be able to buy/sell Cryptocurrency as you wish.
How To Trade On Paxful (Sell Gift Card, Buy & Sell Crypto)
On Paxful, you can Sell Gift card in exchange for Cryptocurrency, as well as sell your Cryptocurrency & withdraw to local bank, use it to purchase gift card, etc.
As a registered member, you have to Verify Your Mail & ID before you can start trading on Paxful, it’s easy and straight forward.
How To Buy Cryptocurrency On Paxful
You can purchase Cryptocurrency (BTC, USDT & ETH) On Paxful using your Online Wallet, Credit/Debit Card, Gift Card, etc. I will be explaining to you how to Buy USDT on Paxful using Gift Card as payment method.
You can also purchase Cryptocurrency on Paxful with your debit/credit card, online wallets, etc but i will be using Gift Card only for explain sake. To get started, Login to your Paxful account.
- On Your dashboard, Tap on Buy then select USDT or any Crypto of your choice.
- Under Pay Via (Payment Method), Tap Gift Card and select the Gift Card in your possession.
- Enter the amount you want to be deducted from the Card then select the Currency.
- Under Offer Location, select Worldwide. Finally, tap on Find Offers.
A list of Vendor available for your offer will be displayed, select any vendor online that suits your desired rate. Tap on Buy, the amount of Crypto worth your payment will be displayed, click back button and choose other vendor if you feel the rate is low. Finally, tap on Buy Now.
A trade will be opened with the vendor, chat with him/her and make sure you inform the vendor your card type if it’s physical or ecode before sending card details.
Once the vendor ask you to send, send your Gift Card code for redemption. Your crypto will be credited into your wallet after the vendor redeemed successfully and complete the trade.
How To Sell Cryptocurrency On Paxful
Selling of Cryptocurrency is easy and straight forward on Paxful, you can sell your BTC, USDT or ETH for Cash, Gift Card, etc. To get started, login to your account.
- On Your dashboard, Tap on Sell then select USDT or any Crypto of your choice.
- Under Pay Via (Payment Method), select your preferred payment method. Choose Bank Transfer if you want to withdraw directly into your bank account.
- Enter the amount you want to be deducted from your Paxful Cryptocurrency wallet. Under Offer Location, select Worldwide. Finally, tap on Find Offers.
A list of Vendor available for your offer will be displayed, select any vendor online that suits your desired rate. Tap on Sell, the amount of Crypto worth your payment method will be displayed, click back button and choose other vendor if you feel the rate is low. Finally, tap on Sell Now.
Trade window with the vendor will be created, once the vendor make payment, you can release the Crypto which is locked with escrow.
Paxful Withdrawal
If you have some Cryptocurrency stored on your Paxful account, the only way to withdraw to your local bank account is to sell the Crypto either BTC, USDT or ETH.
How to sell Cryptocurrency on Paxful have been explained in detailed above, Click Here to sell your Paxful Coin.
Paxful Apk Download
Paxful Cryptocurrency mobile application is available on Both Android and iOS. For easy access, you can download the apk on your device.
- Download Paxful Apk on Apple Store
Paxful Review – is it Legit or Scam
You can trade safety on Paxful with the Aid of Escrow service. What’s more, Paxful generates a new wallet for its user with every deposit and withdrawal session thereby reducing the likelihood of a hack.
Over the years, Paxful has tightened security on user accounts by using ID verification and two-factor authentication, which uses Google Authenticator. If you are trading more than $1500, you will need to provide an ID verification.
This peer-to-peer exchange also comes with an escrow service that holds the bitcoins in escrow until both parties are satisfied with the trade. Paxful wallet is user-friendly as it supports multi-sig wallets. This feature gives users alternatives in how they want to set up the security of their wallets.
Conclusion
With the Paxful wallet app, you can buy and sell bitcoin and Ethereum while being in control of your money the entire time. It offers users a wide variety of choices in payment methods, the most preferred option being bank transfers.
Also, all payments are held in secure escrows until both parties have received their end of the deal. This feature helps to develop trust between buyers and sellers.
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