Paxful is a peer to peer platform where bitcoin buyers and sellers meet to execute a trade. Paxful equally provide a wallet service which enable it users to store their bitcoin securely.
Paxful allows you to buy bitcoin with credit card,bank account ,gift cards and others depending on your location. It is used in Africa especially in countries like Nigeria,Cameroon,Kenya and others.
Paxful steps out with a simple, fair, and secured platform that focuses on allowing individuals to easily trade value in the emerging world’s economy. Since its creation, the trading world has known a pretty nice revolution for the best.
What is Paxful?
Paxful is a global peer-to-peer payment logistic platform that is focused on facilitating all Bitcoin trading activities. It was not until 2015 that Paxful saw the light of existence. It is based in the USA and was created by a group of developers who wanted a unique and outstanding peer-to-peer marketplace that fully allows all buyers and sellers to easily interact among themselves after posting trade offers.
Paxful is also a platform that mediates between parties who are interested in trading. It is one of the most popular options in the world for trading Bitcoin today. It has several users around the world who deeply appreciate its services and ability to offer the most diverse range of payment methods that can be available online.
Among the payment options of Paxful are credit or debit card, bank transfer, Skrill, MoneyGram, and PayPal. Apart from these mentioned methods, users are also offered the ability to use a huge number of gift cards like those from iTunes and Amazon. Paxful is made extremely easy to use and represents a handy place for purchasing and selling Bitcoin thanks to these different payment methods.
How does Paxful work?
Starting trade with Paxful is very easy and can be successfully done by anyone. While you can purchase Bitcoin without an account, we’ll recommend that you start by creating your User account which will serve as a cover or milieu for your transactions. Users can get started by simply visiting its official website and selecting an amount of Bitcoin that they’ll like to purchase. Users will also be required to select their local currencies and once that is done, the amount in Bitcoin that they’ll get will then be displayed.
Whenever you are login to your account as a user, you’ll have the ability to search for available Bitcoin sellers. Your search will be based on two main categories being the method of payment and type of currency. You’ll be proposed a list of sellers from which you can choose anyone of your choice to trade with. In this process, you can figure out the most suitable vendor by checking his/her accepted method of payment, price, minimum and maximum order amount. Paxful allows all its users to freely check a seller’s feedback rating in order to determine if he/she is trustworthy for business.
Once you have found a suitable vendor for trading, you can instantly click on the “Buy” button in order to initiate the trading process. You then proceed by choosing the amount that you would like to purchase. Once the amount is chosen, the platform will open up an escrow service and chat option that will facilitate direct communication with the seller. In this light, you’ll better discuss more trade details with the vendor.
If you agree with the vendor and send payment. You’ll have to click on “Mark as paid” to show that you have completed payment thereby waiting for the transfer of Bitcoin into your Paxful wallet.
Visitors to the Paxful website that do not have user accounts and are not willing to create one can follow the steps which are outlined for people like them within the digital platform.
How easy is using Paxful?
Paxful was designed and belt to be highly user friendly. Every activity within the platform moving from creating an account to purchasing and selling Bitcoin is straightforward. Making a transaction within this platform does not necessary require lots of prior knowledge in the digital financial world. It offers a wide variety of ways to pay thereby making it suitable and easy to use by people from different geographical areas. It does not take any direct fee from the buyer during a Bitcoin transaction.
How safe is Paxful?
When you register for an account with Paxful, they automatically create a wallet to store up your Bitcoin. Paxful uses a remarkable level of security in order to safely keep your money. Its wallet requires a complex password and it also uses the two-factor authentication in order to reinforce the safety of your money.