Paxful Review (2024)

Pay with 300+ payment methods at Paxful

Register a free account and pay with 300+ payment methods at the Paxful marketplace.

DEAL ACTIVATED

ACTIVATE DEAL

On Going Offer

Paxful	Details
Visit Paxful	Peer-2-peer Bitcoin-only Marketplace Use over 300 payment methods Trade with escrow Over 3 million users

Paxful alternative

First thing you need to know is that Paxful is a marketplace, just like eBay. So the shown Bitcoin price is always higher than the current market price and the Paxful seller fees. Otherwise the seller would make a loss selling his BTC. If you want to pay with unusual payment methods like Western Union, MoneyGram, cash or PayPal, then you might want to pay these premiums.

If you want to buy Bitcoin with common payment methods, we recommend to use the Bitvavo Exchange. They offer the following payment methods: iDEAL (free), Bank Transfer (free) Bancontact (free), MyBank (1.5%), EPS Überweisung (1.75%), SOFORT (2.25%) and Giropay (1.75%) and charge a trading fee of max. 0.25%.

They offer more than 58 cryptos, supply built-in wallets and have a great support team. Click on the following link to activate your welcome bonus and trade the first €1.000 for free at Bitvavo.

Claim €10 Free Crypto and Trade €10.000 For Free at the Bitvavo Exchange

New customers receive 10 euros of free crypto credit and they can trade up to € 10.000 for free at the Bitvavo Exchange. The discount is valid for 7 days after registration.

DEAL ACTIVATED

ACTIVATE DEAL

On Going Offer

What is Paxful?

Paxful is a peer to peer trading platform that allows its users to buy and sell Bitcoin (BTC) using more than 300 payment methods around the world. Based on the official statistics available on their website, the marketplace has more than 800,000 happy customers and over 12,000 trusted vendors. Users have bought more than 950,000 Bitcoin since its existence that roughly translates to 8 billion euros. Being a peer to peer marketplace, Paxful offers a simple process to buy Bitcoin safely in no time. A user can simply select the preferred payment method and type the desired number of Bitcoins he/she wants to buy.

Safety, security, and ease of purchasing the world’s first decentralized digital cryptocurrency called Bitcoin are the main objectives of establishing this marketplace. If you are a new cryptocurrency buyer, then this place can be right for you. You don’t need to have any technical knowledge about the cryptocurrencies to buy from Paxful. Safety and security are the most important concerns for the investors, so the platform offers what the users want.

This platform is mainly created for new or inexperienced cryptocurrency investors to trade crypto easily and safely. It offers the simplest user interface that is not offered by any other cryptocurrency exchange or broker available on the market.

One of the best features offered by Paxful is instant live chat. When you open a trade on the platform you will be able to chat with the vendor who is selling you the coins using the live chat.

Advantages of Paxful

Why should you choose for Paxful?

• Over 300 payment methods
• No transaction fees for buyers (please note that each seller adds a fee on top of the price)
• Seller pays 0.5% to 5% in fees (depends on the payment method)
• Paxful safety: trade with an escrow. Your money is held by Paxful until you receive your BTC
• Live instant chat with the vendors
• Exclusive customer support 24/7
• Free secure Bitcoin wallet

A Premier Global Digital Asset Trading Platform Bitmart has signed a Joint venture partnership with Paxful. This partnership will allow both platforms to quickly scale and increase their liquidity. The advantage for the users of both platforms is that they will be able to make payments on the Bitmart platform using a strong payment method of Paxful. Both these companies are heading fast to achieve greater success in the revolutionary peer to peer financial services.

Pay with 300+ payment methods at Paxful

Register a free account and pay with 300+ payment methods at the Paxful marketplace.

DEAL ACTIVATED

ACTIVATE DEAL

On Going Offer

How to create a Paxful account?

You will be able to create your Paxful account in the following simple steps:

1. Visit the Paxful website
2. Click on Create Account
3. Enter your email address and an unique password
4. Click on Create Paxful account

Once you complete all the above-mentioned steps you will find an email in your provided email address. Open the email sent by the company’s official email and confirm your email address. Congratulations your account has been created and your email address has been confirmed.

How to verify your account?

Four verification levels for an account are offered by the Paxful Marketplace. It is up to the trader and his desire to change the limit of the account based on his trading needs:

• Level 0: No verification needed
• Level 1: Email and phone number – trade up to $1,500
• Level 2: ID verification – trade up to $10,000
• Level 3: Address verification – trade up to $50,000
• Level 4: All the above requirements and enhanced due diligence – trade $50,000 and more

As you move up the verification levels the higher will be your trading limits. If you verify your account up to level one by providing a valid email address and contact number, you will be able to trade up to $1,500 per transaction with a lifetime trading volume of $1,500. Also, there is a limit on sending money from the wallet that is also the same as trading volume.

Level 2 has a $10,000 limit for trading and sending money from the wallet for a lifetime. Level 3 and 4 have no limit for lifetime trading volume and sending and receiving coins from the wallet. However, level three has a limit of 10 grands for a single trade.

How does Paxful work?

There are tons of trading exchanges available on the internet. The beauty of Paxful is that when you buy on this website you don’t have to pay anything in transaction fees to the platform. The seller pays between the 0.5% and 5% of the total value of the trade to the website and can decide the Bitcoin price for himself. So chances are very little that you find Bitcoin for the current market price or below it.

You will find different exchanges on the website selling Bitcoin that offer different trading views. The majority of them offer price charts and order book history, which is fine for any cryptocurrency exchange. However, the motto of Paxful is simplicity and speed, so it offers a clean and easy to use interface. It does not include charts and other widgets that make the screen complex. At Paxful you will find the option of buying Bitcoin and selling Bitcoin, payment method to choose from 300 listed methods, and currency in which you want to pay for the Bitcoin.

Buying Bitcoin on Paxful is easier than you think. When you create an account on the website you will get a free Bitcoin wallet instantly.

Being a p2p marketplace, Paxful allows its users to buy and sell Bitcoin easily and safely to other users. You can buy and sell your coins in 4 simple steps.

1. Visit the Paxful website
2. Choose your preferred payment method
3. Enter the amount of money
4. Click buy Bitcoin now

Paxful should be crowned for the number of payment methods they offer on their platform. If you search on the internet you will not find as many payment methods on any other platform as many as you will get at Paxful. This feature deserves appreciation.

Paxful fees

The fees charged by the platform are really attractive for the new buyers of bitcoin. Buyers do not pay anything to the website for its services that are being offered to its users. But is a marketplace that can be compared to eBay, so every seller can make up their own prices.

Sellers are charged by the platform, based on the payment method they supply. For using Bank Transfer they have to pay a fee of 0.5% and for gift cards it can be up to 5%. So you have to take in mind that the seller needs to include these costs into the shown price, otherwise he would sell the Bitcoin with a loss.

If you ask about the withdrawal fees, then there is a fee charged by the platform. If you trade in large volumes, then this platform is a sweet spot for you, because you will be charged only 0.0005 BTC for the withdrawal of any amount of Bitcoin. Paxful is known for the lowest withdrawal fees. In the cryptocurrency industry then normal withdrawal fee is on average 0.0008 BTC, this makes the exchange an attractive option to buy and withdraw Bitcoin cheaply.

Bottom line is that you never exactly know how much fee you pay, since the seller can make up his own price. The fees must be higher than 0.5% / 1%, otherwise the seller will make a loss. There’s a cheaper Paxful alternative called Bitvavo. This exchange offers less payment methods, but charges a fee of max. 0.25%.

Claim €10 Free Crypto and Trade €10.000 For Free at the Bitvavo Exchange

New customers receive 10 euros of free crypto credit and they can trade up to € 10.000 for free at the Bitvavo Exchange. The discount is valid for 7 days after registration.

DEAL ACTIVATED

ACTIVATE DEAL

On Going Offer

Is Paxful safe?

Paxful is a trustful platform and it has achieved a good reputation. It is trusted by over 3 million people around the world. You don’t need to worry about the reliability of the platform, but as you know it is a marketplace, so you need to be careful about selecting a seller. You better make sure that the seller is genuine and not a scammer. The thing to be noted here is that you don’t need to compare the integrity of the platform with the seller. If you find a bad seller that does not mean the website is bad. In simple words, you don’t accuse eBay of the bad seller who sold you a bad product. To be on the safe side, pay attention to the seller’s reputation. The more positive reviews a seller has the better the chances of being a genuine vendor.

Since it is a marketplace and everyone can make up his own prices, you never know how much fee you’re paying. Please do some good research about the current market price.

Despite the fact that the exchange is not regulated by any authority, users have to go through a verification process. This implies that the user of the platform will go through the KYC compliance process to ensure the anti money laundering standards are being followed all over the globe.

Paxful has an acceptable level of trust if you compare it with other exchanges available on the internet. If you look at the history of this exchange you will not find a single incidence of hacking. This increases the trust of its users on the platform. People have peace of mind about the security of their investment. They know that their money is in safe hands.

Pay with 300+ payment methods at Paxful

Register a free account and pay with 300+ payment methods at the Paxful marketplace.

DEAL ACTIVATED

ACTIVATE DEAL

On Going Offer

Did you bought or sold something at the Paxful marketplace and would you like to share your review? You can do so by using the evaluation form below.