Paxful Review: Pros And Cons
Requires phone and email verification and offers lifetime limit and $1000 per trade limit.
Requires ID verification and offers $10,000 per trade limit along with lifetime limit.
Requires address verification and offers $50,000 per trade limit along with an unlimited lifetime limit.
Requires enhanced due diligence and offers over $50,000 per trade and an unlimited lifetime limit.
Note that Paxful has the authority and right to delete a clients account with a single withdrawal or cancel an entire trade. The platform exercises this right only if they find a violation of the terms of service or the trader is in a blocked jurisdiction at the Paxful login.
Does Paxful Have An Affiliate Program
Yes. With the Paxful affiliate program, you can earn commission on two tiers of referrals. Tier 1 Referrals who sign up on Paxful by following your link. You will receive 50 percent of the Paxful escrow fee. Tier 2 These second level referrals have followed your Tier 1 referrals link. You will receive 10 percent of the escrow fee charged.
Payment Methods Supported By Paxful
As a peer-to-peer exchange and digital wallet provider, Paxful accepts most fiat money transfers, including PayPal, Western Union, VISA/Mastercard gift cards, Amazon Gift Cards, and many more. In addition to these payment methods, Paxful also supports the exchange of Bitcoin with more than 300 payment methods.
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How To Buy Bitcoin Paxfulhow To Trade Bitcoin On Paxful
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Paxful is a peer-to-peer marketplace for buying and selling Bitcoin which has been around since The company has maintained an office in the Philippines for some time now Yes! They have a full team here, not just customer support , In Paxful began actively marketing in the country.
With prices going up, savvy Filipinos are looking at P2P markets like Paxful to save fees as they acquire more or sell Bitcoin. As a P2P marketplace, Paxful provides an escrow to protect both the seller and the buyer by keeping the Bitcoin and only release it once both parties have fulfilled their side of the transaction. As per Usefultulips. In a previous interview, Apryl Albero, Community Marketing Manager at Paxful Philippines, said Filipinos are savvy during bull and bear markets and always sensibly trying to lock profits.
BitPinas does not give investment advice and readers are highly encouraged to do their own research. Disclosure: BitPinas will receive an affiliate earning if you use our link. Doing so will support the development of the website. Because Paxful is a marketplace where buyers meet sellers directly, the seller could be here in the Philippines or anywhere around the world.
Michael Mislos See all posts. You May Also Like. How to Use Bitbit.
How To Buy Itunes Gift Card With Bitcoin
Now that you know how to buy Bitcoin with iTunes gift card, lets see how to buy iTunes gift card with Bitcoin. This is the other way around. As we mentioned before, you could sell your Bitcoin using Paxful.
The same process would look like for sellers. You can create a sell order in Paxful of your Bitcoin and wait until somebody decides to purchase them. There is usually a low demand for Bitcoin using iTunes, thus, if you want to buy iTunes gift card with Bitcoin, there are other ways of doing so in a faster and easier way.
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Frequently Asked Questions About Paxful
Can Paxful be trusted?
Yes, Paxful can be trusted if you know how to use the platform. Most bad reviews about Paxful in Africa or elsewhere is because people mistake the actions of users as the actions of the platform itself.
As at the time of writing, Paxful has never been hacked and has had good security thus far.
Can I buy bitcoin with gift cards on Paxful?
Yes, you can use Paxful to purchase bitcoin using gift cards in Africa. You can pay with iTunes cards, Google Play cards, Disney gift cards, Amazon cards, and more.
Is It Safe To Buy Bitcoin On Paxful
To make bitcoin trades secure, Paxful provides an escrow service. Once a buyer finds a seller and the offer is accepted by the seller, the Bitcoin are automatically moved from the vendors wallet to an escrow account.
At this point, the seller cant cancel the trade and it is secure to pay for the Bitcoins. However, as the buyer you have a limited time frame to deliver the money to the seller and mark the payment as complete’. If you fail to do that in the given time frame, the deal will be auto-cancelled and the Bitcoin will be returned to the sellers wallet.
When both the buyer and the seller have verified that the transaction has been confirmed and all the terms have been met, the money will be released to the buyers wallet and the deal will be concluded. If at any point there will be a disagreement between the two parties, the process will move along to dispute. Paxful moderators will then investigate all the info, consider all the available details and finally make a decision to whom the bitcoins will be awarded. Having said that, in most cases transactions go through smoothly thanks to Paxfuls intense moderation that clamps down on potential scammers.
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Buy Bitcoin With Paypal Through Coinbase
Pros: Well-trusted platform, high limits
Cons: Cannot purchase from PayPal balance directly
Coinbase, one of the worlds most trusted cryptocurrency exchanges, began accepting PayPal as a means of payment in 2022. Unfortunately, as of writing, Coinbase doesnt allow users to buy directly using their PayPal balance, but rather through a debit card or bank account that is linked to their PayPal account. This is somewhat restrictive. On the bright side, the maximum daily limits are nice and high at $25,000 per day.
Fees for using PayPal to make a debit card purchase on Coinbase are 4% of each trade, while bank deposits via PayPal cost 2.5%.
Coinbase users may also withdraw fiat from Coinbase to their PayPal account. You can read my full Coinbase review here.
Creating Account On Paxful
If you are a newbie on Paxful, heres how you can easily create an account.
1. Go to thePaxful website and click on Register at the top right.
2. Enter your email address, choose a password, and click on Create Account. Once done, you will receive a free Bitcoin wallet where you can store and manage all your cryptocurrencies.
3. You will receive a verification code at your email address. Enter the code on the website in order to verify your account.
Thats it! You can now start trading on Paxful.
Paxful also offers Bitcoin wallet apps for iOS and Android devices. The app offers simple and secure access to your wallet and lets you send, receive, and store cryptocurrencies on your mobile phone anytime. Other features of the Paxful app include real-time updates of balance, the status of recent transactions, and profile personalization.
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How To Check For Trusted Sellers On Paxful
Every seller has a feedback / rating given based on their previous experience with him, which is very important while choosing a seller based on their trading history.
Here is an introduction video to Paxful:
Signup for Paxful here.
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Paxful Review: Is Paxful Legit And Safe To Use Read Now
I reviewed Paxful in detail in this article and compared it to its main competitors.
After reading all of the other Paxful reviews, I am glad to state that this is the most comprehensive Paxful review available.
Paxful is known as the Uber of Bitcoin because of how simple it makes buying and selling Bitcoin.
It is comparable to Remitano, except it accepts a far more comprehensive range of payment methods than its competitors .
Most Nigerians who use this network sell gift cards in exchange for bitcoins.
Ive compared Paxful to Remitano and LocalBitcoins, but in this piece, Ill give you a full Paxful review, as well as tips on how to trade on the platform.
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How To Buy Bitcoin On Okex Using Paxful
OKEx makes it easier than ever to buy Bitcoin with fiat currencies, thanks to our recent integration with Paxful. OKEx users can now buy Bitcoin with more than 160 fiat currencies, including the Turkish lira, the Indian rupee and the Argentine peso. Paxful offers convenient local payment methods such as bank transfers, domestic wires, online wallets and gift cards, among others.
Here is a step-by-step guide for purchasing crypto with Paxful and having it deposited directly into your OKEx account.
Is Paxful Customer Service Reliable
Paxful provides first rate customer support. We were impressed by the speed and quality of the support system. If you have a question or need guidance, you can contact Paxful by:
Live Chat At any time, click on the blue chat box on the bottom right of the screen and a moderator will come online to help you.
Paxful ZenDesk FAQs are provided on how to buy and sell Bitcoin on Paxful.
Seller Support Once buyers connect to sellers over live chat, sellers walk buyers through the Bitcoin exchange process.
Paxful School How-to videos take you through the account verification, buying and selling processes.
Email support Use the following contact methods to reach customer service.
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What Is A Centralized Exchange
A centralized exchange accepts and holds users deposits. Most exchanges also conduct ID verification to comply with know your customer and anti-money laundering rules. As a repository of client money and personal identification information, centralized exchanges have a higher risk of becoming a victim of cyber hacking and theft.
The Paxful Review You Must Read When Buying Bitcoins
Want to buy Bitcoins anonymously and instantly by using fiat currency? One of the best options out there could bePaxful. This is a peer2peer Bitcoin marketplace that connects buyers with sellers to make the Bitcoin exchange fast, convenient, and private.
As the demand for the top cryptocurrencies edges up driven by people seeking to take advantage of the low token prices aftera year of bearish trading, the need for a reliable platform cannot be overemphasized. Paxful has positioned itself well to provide the convenience through an intuitive platform and support for many payment methods, including fiat, PayPal, and credit cards that most crypto exchanges such asBinance do not accept.
Although its features such as the free wallet and operational model are impressive, the persistentcomplaints about lost Bitcoins and poor replies from Paxful have cast it in a bad light. This post is a comprehensive Paxful review that seeks to answer key questions, including Is Paxful legit? and Is Paxful safe to buy Bitcoin?
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Ways To Buy Bitcoin With Paysafecard
Paxful is a person-to-person marketplace that supports over 300 payment methods.
Paxful gives vendors the ability to create offers in all currencies.
LocalBitcoins is a person-to-person bitcoin trading platform that specializes in connecting buyers and sellers.
LocalBitcoins gives vendors the ability to create offers in all currencies.
- Available in every country of the world
- A diverse selection of buyers and sellers
- Supports many payment methods
- Buyers get their bitcoins fast
How To Trade Crypto On Paxful
On Paxful, to purchase bitcoins, you must click on ‘Buy Bitcoin’ and then choose your payment method. A wide variety of payment methods are available: over 300 options.
Buying bitcoin on this wallet app is as easy as can be. You’ll know you got a good rate when you compare different vendors.
When browsing on the marketplace, there will be various prices offered to you. However, before contacting a buyer or seller, ensure that he/she has been verified by Paxful’s team of experts. Most consumers prefer sellers with ratings of over 200 for their products.
Before you pay, make sure to review the seller by looking at their profile picture or verifying their ID. If it’s all set up, type in how much money you want to spend, and your transaction will be put into an escrow until the seller hands over their cryptocurrency. Once they do, release the funds in escrows and buy the coins.
Once you placed an order with the Paxful wallet app, the funds will be held in escrow until a bitcoin seller fulfills their obligation of sending the coins over to you. This process may take a little bit longer to receive the coins in your wallet.
Once you buy or sell bitcoin using Paxful Wallet, it is held on their platform in an escrow until the transaction has been completed successfully. The money will be kept secure even if something goes wrong with the seller’s delivery of the product you bought or vice versa. This ensures that the buyer or seller will never lose more than what was agreed to.
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Buy And Sell Gold With Paxful
One of Paxful’s most unique features, a feature that sets them apart from just about every other crypto exchange in the world, is that they’ve moved into the gold business. In response to user demand it’s now possible on Paxful to trade gold for Bitcoin.
In order for the trade to be executed safely the Bitcoin is stored in Paxful’s escrow system. It remains there until the seller confirms that they’ve received delivery of the physical gold in exchange for the Bitcoin.
This is a really interesting feature of Paxful and it makes a lot of sense since many of the same people who are interested in gold may also be interested in Bitcoin. Also, it helps to reduce the cost of the trade. Previously if you wanted to go from gold to Bitcoin you would have had to sell the gold into cash and then use that cash to buy Bitcoin. The whole time you would be paying exchange and commission fees. This new process is easy to use and really a great addition to the crypto ecosystem.
The one downside, however, is that any trade over $50 will require the trader to complete a KYC verification before it can be completed.
What Is An Itunes Gift Card
iTunes gift cards are literally cards charged with funds that could be used to purchase goods and services on the App Store, iTunes Store, Apple Music, Apple Books or iCloud storage. However, you could eventually sell your iTunes gift card to purchase other types of goods and services.
Nonetheless, most of the shops do not accept iTunes gift cards as a means of payment. Due to this reason, it would be difficult to buy Bitcoin with iTunes gift card. Those investors that want to know how to buy Bitcoin with iTunes gift card might find it difficult. Moreover, if they find the possibility to do so, there might be a very high premium to pay for that.
An iTunes gift card is mostly used as a gift to other people or friends, not to pay for things. Moreover, if you have cash and you want to purchase anything from the Apple ecosystem, you can do so by purchasing an iTunes gift card at any local store that sells them.
With an iTunes gift card, you have a 16-digit code that starts with an X. You can open Apples solutions and then you can acquire the services you were looking for. An iTunes gift card is usually better than an Apple Store gift card because you can use it to buy more things.
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Whats The Difference Between A Hot And Cold Wallet
Hot wallets store your crypto assets online and face a higher risk of cyber hacking. Cold storage involves storing your crypto assets offline on a USB drive or paper wallet, for example. The following risk measures should be taken to protect your hot and cold crypto assets: Generate and store your private keys offline Use two-factor authentication to access your wallet Use biometric identification
Fxcm Buy Bitcoin Via An Advanced Trading Platforms
FXCM is one of the oldest forex brokers that started in 1999. The platform offers a limited selection of cryptocurrencies, including, obviously, Bitcoin. One of the main attractions of FXCM is that it offers advanced trading platforms to its users, including MT4 and Trade Station.
FXCM does not have requirements for a minimum deposit, but the amount you deposited affects your trading fees and spreads. So, the higher your minimum deposit is, the lower your trading fees will be. But overall, FXCM is certainly one of the best choices to buy Bitcoin with debit cards.
FXCM offers two payment methods wire transfer or credit/debit card linking. The wire transfer method is not that much recommended as long as there is a mandatory fee of $40 for each transfer. On the other hand, one of the greatest things about FXCM is that it doesnt charge any deposit and withdrawal fees when you use a credit or a debit card.
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