If you are familiar with the crypto world and want to trade cryptocurrencies then you’ll need a platform for buying, selling, and trading digital currencies. The Paxful is one of them. There is so much potential In the era of digital assets and cryptocurrencies.
If you want a P2P cryptocurrency exchange online platform then in this article, you’ll find out about one of the P2P exchange platforms, Paxful. Here we will discuss What is Paxful, How to create an account in Paxful/ Paxful sign in, and the Features of Paxful.
So, without wasting any more time let’s dive into Paxful a cryptocurrency exchange platform.
What Is Paxful?
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Paxful is a P2P crypto exchange, buying, selling, and trading online platform. Paxful allows users to trade digital assets/currencies directly with other users without any middleman or broker.
Paxful has its own app in the Play Store for Android and App Store for IOS. it also has a website that can be accessed by all devices that are connected to the internet. Paxful’s website is similar to other trading platforms making it easy to use for new users.
Paxful is a company, established in 2015. The Paxful was originally known as EasyBitz. Paxful has over 4.8 million users and more than 200 employees. Paxful’s headquarters is in New York, with offices in the Philippines, Estonia, and Hong Kong.
Paxful’s users are all over the world where crypto exchange and trades are legal, from Malaysia, UAE, India, Pakistan, Indonesia, to Zimbabwe. The company’s vision is to make a crypto exchange platform that is accessible to all traders who are willing to trade, buy, or sell digital currency with trust and a straightforward process.
How To Create An Account And Use Paxful?
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Paxful is one of them who promises their users to create as straightforward exchange cryptocurrencies as possible.
To start trading on Paxful you’ll need to create an account in the Paxful. Here is the step-by-step guide to creating an account in Paxful and using the Paxful wallet to trade Cryptocurrencies.
Step 1.
To use the Paxful app you need to create an account in it. So, first open your App Store / Play Store. Then search Paxful in the search bar. After you find the app then just simply download it.
Step 2.
Once the installation process is completed you open the app and create an account by filling out the form with a valid email ID, user name, Password, and other essential details.
Step 3.
After completing Paxful login, you need to create a Paxful wallet for free. The paxful wallet simplifies the purchasing and trading process of crypto buying and selling.
Step 4.
Then there will be a popup that asks you to select your payment method. There will be many payment options including credit card, PayPal, wire transfers, and NetTelle.
Step 5.
Now you can see all available Bitcoin sellers. You just need to find a seller that is suitable for you. Mention the currency choice and method then the search results show available orders for buyers, just select any preferred seller of your choice.
Step 6.
Once you select the seller that suits you, you can see that seller’s profile. Then you can proceed with the buying process or choose a different seller in case you don’t like the seller. Paxful will send orders to the seller after you make a buying order.
Step 7.
Once the seller accepts the buying order. Paxful will take you to an Escrow service that guides you to the payment page.
Paxful App Features
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Like other P2P crypto exchange apps Paxful has some similar interface. It provides you with seamless peer-to-peer transitions. Paxful offers lots of useful features for its users to enhance the user experience.
Interface
Paxful continuously updates its interface to make a better user-friendly trading interface. The interface is suitable for desktops, tablets, and mobiles.
There are lots of useful buttons like the “New Order” button that allow users to start trade and allows users to connect with potential buyers and sellers. Vendors can also make ads for their crypto offers in the Paxful app.
Escrow Service
Paxful uses a reliable robust escrow service that protects buyers and sellers during the transaction process. The escrow service helps to hold the currency until both parties confirm the completion of the trade. This helps you to protect against fraud and disputes.
In many Paxful reviews users are liking about the Escrow feature that creates trust and worry-free trading.
Affiliate Program
Paxful offers an affiliate program. Users can use the affiliate program to earn passive income by referring new users to the Paxful app. Affiliate users can take their earnings through tokens.
Support Channels
One of the best things about the Paxful platform is that it offers you 24/7 customer support including email support, chatbot, live chat, and calls to an executive. The support builds trust among users.
Paxful Fees And Payment Options
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There are lots of Paxfull reviews that say the payment methods are really smooth and give lots of options.
Payment Options
- Bank transfers (ACH, wire transfers, etc.)
- Credit/debit cards
- Online Wallets (PayPal, Skrill, Neteller, etc.)
- Altcoins (Ethereum, Litecoin)
- Gift cards
- Dogecoin (DOGE)
- BTC
- USDT
- PayPal to gift cards and digital currencies are also available in the payment method lists.
Pafulx Platform Fees
Paxful has a competitive fee structure among the P2P exchange platforms that is transparent and simplified.
Buyers can acquire Bitcoin, Ethereum, or Tether without any additional charges. However, some sellers may include 0.1% to 5% transactional charges. That thing needs to be considered by buyers while selecting a seller.
Sellers have to pay some commission that varies on the withdrawal method. Like 0.5% in Bank transfers and a 1% fee on all gift cards.
CONCLUSION
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In the end, Paxful is a great peer-to-peer cryptocurrency exchange platform with a wide range of useful features, lots of payment methods, and a reliable security system. The best part about the platform is its low fee structure, starting at 0.5%. If you are looking for a reliable P2P cryptocurrency platform then try the Paxful crypto exchange app.
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