Paxful Review 2025: P2P Features, Fees, Payment Methods and Safety

Paxful Review 2025: P2P Features, Fees, Payment Methods and Safety

All users need to do is go to Paxful’s website and click the button labeled “buy bitcoin.” After selecting the quantity desired, the system will prompt you to start the sign-up process. While initially only an email address is required, users will have to submit personal documentation to participate in true high-volume trading. Paxful is a rising name in the crypto space, providing peer-to-peer crypto trading across various currencies. Paxful is currently making a strong case to earn users’ consideration in a competitive market with a large user base and integrated wallet functionality. If the trade has been marked as paid, then the buyer must wait for the seller to release the bitcoins. Paxful is a person-to-person marketplace that supports over 300 payment methods.

Paxful platform is full of scammers and your right is easily lost

Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details. Transactions made on Paxful can be tracked to some extent, as Bitcoin transactions are recorded on the public blockchain.

Buying Cryptocurrency

The level one Paxful verification only requires a valid email address and phone number, similar to the requirements for using many Bitcoin ATMs. At verification level one buyers and sellers can transact up to $1,500 without needing to provide any further documentation. Users of Paxful have commended the platform for its intuitive interface, convenient mobile app, and prompt customer service support. Testimonials featured on the website reflect a variety of user profiles, from novices purchasing their first Bitcoin to veteran traders. The Paxful mobile app is just as efficient as its desktop version. It comes with user-friendly services that allow for instant cryptocurrency transactions.

• Note that you’ll have to verify your phone number and identity to trade on Paxful.
• Increases trading volume limits, provides access to additional trading methods such as Bank Transfer.
• However, the buyer has just a little time to send the money to the seller.
• While Paxful does their utmost to ensure the security of every transaction it’s still important to do your own research especially when dealing with cash.
• Next you will be taken to your account settings page where you can fill in your account particulars.
• Now I’m not afraid of clicking on a phishing link I just pick up my phone and open Paxful .

Apart from facilitating peer to peer bitcoin transactions, Paxful also provides a conducive environment for vendors to grow and succeed. Paxful allows selling a minimum of 0.001 BTC through its platform with zero verification. And, the exchanges that support fiat transactions don’t thrive much either due to geographical restriction, high deposit/withdrawal fees, or restricted payment modes.

Using Paxful safely

Paxful is designed more for those who believe in crypto as a medium of exchange as well as an investment vehicle, whereas Coinbase is aimed more at those who want to invest and trade crypto. Paxful users can purchase and trade Bitcoin, Ethereum, and Tether. This essentially means that the cryptocurrency trading platform is quite limited compared to competitors like Coinbase, Coinmama, Kraken, and Binance. But when you compared Paxful vs LocalBitcoins, the former offers more options. Paxful and LocalBitcoins are both global marketplaces for people to buy and sell bitcoin with any payment method.

Paxful Peer Program

Kevin started in the cryptocurrency space in 2016 and began investing in Bitcoin before exclusively trading digital currencies on various brokers, exchanges and trading platforms. He started Hedge With Crypto to publish informative guides about Bitcoin and share his experiences with using a variety of crypto exchanges around the world. The initial registration process requires that users provide an email address and password.

If you want to sell or trade Bitcoin across borders, the Paxful makes it easy. Ray Youssef and Artur Schaback founded the exchange and еnvisionеd a crypto community accessible to tradеrs worldwide. The verification process takes 3-7 working days, which enables them with enhanced limits.

However, it does make sense when you consider that the vast majority of people in Africa are unbanked. The key thing here is that many of these people may still participate in e-commerce thanks to cheap smartphones and increasing access to the internet. You will then be taken to a chat page where payment instructions will be given. Make sure you keep all communication on Paxful and under no circumstances move the discussion off platform. The reason why is that if there is a dispute, the Paxful moderators will help you out.

Paxful brings users the ability to buy bitcoins using almost any conceivable payment method. Once the trade starts, the buyers pay this fee through the Escrow service, and once the trade is complete, the fee is released to paxful review the sellers. Paxful’s website doesn’t provide their email address or phone number. But users can reach out to their different social media channels, including Twitter and Facebook to submit their latest news on crypto exchanges. Moreover, Users can mail Paxful at 3422, Old Capitol Trail, PMB #989, Wilmington DE, 19808, USA. Every Paxful user receives a crypto wallet through the platform, which you can secure with two-factor authentication if you want.

• On the next screen, you can choose to create your Paxful wallet account using your phone number or email address.
• One empowers normal people like you and me to become merchants by creating your own listings and to sell Bitcoin online.
• This means that the seller can no longer cancel the trade and that the buyer has a set amount of time to make the payment.
• Paxful is a peer-to-peer cryptocurrency exchange that operates a legitimate business.
• The only other currencies you can buy on the platform are Ethereum and Tether.

After a buyer finds a seller and the seller accepts the offer, the Bitcoin gets moved to escrow from the vendor’s wallet. However, the buyer has just a little time to send the money to the seller. In case the buyer fails to do so in the given time, the deal will be rendered incomplete.

While Paxful doesn’t boast the raw numbers of user-base and sales as some of the most popular platforms in this space, they offer excellent service and benefits to their users. Whether you prioritize security, service, or ease-of-use, Paxful has the features and perks to meet your needs. The way a company approaches customer service says a lot about how they view their customers, and Paxful has gone to great lengths to show they’re invested in user satisfaction. When you’re having problems with your trading system, response time matters, so consider this factor when choosing your trading platform. If you’re a high-volume seller, it’s important to note that Paxful charges a 1% fee on all sales made on their platform.

Like most cryptocurrency exchanges, Paxful has a dedicated mobile app. In a nutshell, choosing peer-to-peer trading over conventional centralized exchanges resonated with our experts. However, they caution that such platforms can also attract their share of scammers. Currently, Paxful’s supported cryptocurrencies for sale are BTC, ETH, and USDT.