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Paxful review

Paxful is a P2P (person-to-person or peer-to-peer) exchange. It is basically a platform for Bitcoin sellers and buyers from around the world, much like Local Bitcoins.

How to register on Paxful

On Paxful home page tap on CREATE ACCOUNT.

Paxful Buy bitcoin create account

 

 

Fill in the short registration form and wait for a confirmation email.

Paxful Buy bitcoin create account form

Thats it. after activating your account you can start using the site services.

this is how the dashboard looks like.

Paxful Buy bitcoin create account home

How to buy bitcoins on Paxful

That is also a simple and straightforward process.

You tap on BUY BITCOIN.

Paxful Buy bitcoin create account buy bitcoin

You enter an amount.

Paxful Buy bitcoin create account buy bitcoin 2

You select a currency.Paxful Buy bitcoin create account buy bitcoin 3

You choose a payment method and tap on SEARCH.

Paxful Buy bitcoin create account buy bitcoin 4

You get a list of all available sellers, each one with his reputation from past sails.

Once you choose a seller and click TRADE you will be redirected to the trade page and contact the seller via live chat.

Follow the seller instructions, complete the payment, click PAID and wait for the seller to release the bitcoins to your Paxful wallet.

Most trades are instant, depending on payment method (Moneygram take some time)

Payment methods

Paxful allows for almost any payment method, and there are over 300 ways to buy and sell bitcoins on paxful. You can find the complete list on the FAQ of the site.

Trade cancelation

When a trade starts, the bitcoins are transferred to Paxful’s escrow and the trade can be canceled only the buyer. In that case the bitcoins will be transferred from the escrow back to the seller’s wallet.
Also if the payment wasn’t complete the trade will be automatically cancelled and the bitcoins will be transferred from the escrow back to the seller’s wallet.

Zero transaction fees for buyer

Paxful doesn’t take any fees from the buyer. The site only takes 1% from the total sale amount from the seller. However, most sellers add their fees into the exchange rate.

Customer Support

There’s an active support forum on Paxful were you can ask any question and a greate FAQ section.

Don’t forget to get a wallet – Keep your coins safe!

ledger nano s bitcoin walletIt is strongly advised not to store your cryptocurrency on an exchange, only on a dedicated wallet that you own. Here you can read more about what is a Bitcoin Wallet.

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