It automatically blocks 100x more harmful websites than competitors and 10x more malicious downloads than any other security tool. Our powerful tool confidently came up with this 52.00 rank based on an intelligent algorithm created by our fraud prevention team. We will explain below why paxful.com received this verdict. I’ll talk about the fees, how to bitcoin anonymously, and precautions you should take when trading. When Paxful was shut down, the founder Ray Youssef recommended Noones to all of its users. While Binance P2P, and Bybit P2P deals in all the cryptocurrencies, Noones only focuses on Bitcoin and USDT/USDC.
Paxful has a rating of 1.51 stars from 41 reviews, indicating that most customers are generally dissatisfied with their purchases. Information regarding a business’s commitment to promoting ethical trade throughout their supply chain will be shown here, if applicable. Has anyone made a successful trade recently or is Paxful 100% scam now?
- Although this mobile interface was released recently, it helps clients trade on the go.
- Since the money is sent directly to the sellers, the site itself doesn’t hold fiat currencies for users.
- If a seller is asking to trade outside of Paxful this should be a warning sign.
It’s not even possible to exchange coins directly on Paxful or through a Paxful wallet. So a partnership of Binance and Paxful makes perfect sense. By and large they don’t compete with each other but each has a strength that compliments the other’s weakness. That being the case, for most people who are interested in selling Bitcoin an exchange like Coinbase would be a much better option. Selling on Paxful is designed primarily for professional sellers versus the average person who wants to sell $100 worth of Bitcoin now and then. To see all of Paxful’s payment methods you can click here.
Deposit Fees and Deposit Times
The seller releases Bitcoins to the customer immediately once they have received payment confirmation via Paxful wallet’s escrow service. Sellers pay a fee that varies based on the payment method. It costs between 0.5% and 1% with most payment methods, or 3% to 5% with gift card payments.
Paxful supports 2FA and as soon as you create your account you should enable it. As one would expect from such an internationally focused exchange Paxful supports quite a few different currencies. For example, USD, GBP, CAD, AUD and EUR to name just a few. In actuality the list of supported currencies is much, much bigger. Finally, Paxful can point you in the right direction if you’re looking for a Bitcoin ATM.
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If you’re looking for a peer-to-peer cryptocurrency exchange, Paxful could be a suitable option. The exchange lets you use more than 350 payment methods to buy and sell cryptocurrency. Additionally, you can also trade in unused gift cards for cryptocurrency. Paxful is made for those who want to trade crypto directly with other people. This crypto marketplace connects buyers and sellers, and it lets them choose from hundreds of payment methods. Best of all, there’s no fee for buying crypto on Paxful.
Bitcoin for the Masses
In addition to a referral program, Coinbase also offers a way to earn crypto rewards and earn through staking. We receive compensation from the products and services mentioned in this story, but the opinions are the author’s own. Learn more about how we make money and our editorial policies. Follow these simple steps and get your BTC using the Apple Pay payment method in minutes with low fees. There are many complaints online about Paxful, but most of them are from people with banned accounts. Another competitor that is giving Paxful a run for its money and users is Gemini Exchange.
That means that you need to exercise extreme caution if you decide to proceed with getting involved. CoinSutra writers are not certified financial advisors or brokers. Cryptocurrency activities like purchasing, trading, holding, and selling have inherent risks.
Paxful also offers a payment processing service for websites, which enables merchants to more easily accept a wide variety of payment methods. We do our best to keep on top of all the latest developments. Check out our list of the best cryptocurrency apps and exchanges for the most up-to-date information on the platforms we recommend. Paxful accepts buyers and sellers from almost all countries, but some countries have restrictions or sanctions on cryptocurrency trading. I do feel it’s a noble idea to focus only on one cryptocurrency, but as the crypto market is maturing, it is a good idea to offer more crypto to its users.
Paxful has a chat box feature that users can use to access the customer support desk for any requests. The reply is almost instant, and if not, a representative will send a follow-up email and attend to you. On the other hand, the platform has a rather detailed FAQ section that covers most, if not all, of the questions most users have. Browse the marketplace for a selection of offers until you find one that is suitable.
Questions? Get answers from the Paxful staff and other customers.
The exchange offers over 350 unique payment methods, from traditional options to digital currencies. CoinSutra does not recommend or endorse specific cryptocurrencies, projects, platforms, products, exchanges, wallets, or other offerings. Opinions shared by CoinSutra writers are their personal views only and should not be relied upon for financial choices.
Opening an Account
Like almost every other American based exchange Paxful has a KYC verification process. What sets them apart from other exchanges though is that it is possible to trade on Paxful, okcoin review up to a certain amount, without submitting verification documents. On the other hand there is Paxful which has dozens of payment options but the only coin available is Bitcoin.
Crypto is more volatile than many other asset classes, with wide swings in prices. Paxful is banned in certain countries, so if you’re in a country that’s on the list of banned countries, you won’t be able to participate. However, all U.S. residents except those living in the state of New York should be able to use Paxful. In the US, it is unavailable in New York, Washington, and West Virginia. Users in Texas are also prohibited by the law from accessing Tether trading. In states where Paxful is allowed, the platform is making moves to advance crypto literacy.
Paxful Customer Support
Readers should exercise due diligence before participating. CoinSutra and its writers are not responsible for any investment losses from acting on website or social media content. CoinSutra provides general cryptocurrency and blockchain information for educational purposes only. Content on CoinSutra’s website and social media is not financial, investment, trading, or professional advice. Readers should conduct independent research and consult a licensed advisor before making investment decisions.
To add an extra layer of protection to accounts, Paxful offers two-factor authentication (2FA). When you enable this feature, the exchange will require that you provide a password and a code sent to your mobile phone to access your account. This prevents hackers from getting into your account, even if they have your password. This might make it easier to find trustworthy trade partners and avoid scams.