United States of America
P2P
Since 2024
Paxful is a peer-to-peer Bitcoin marketplace that connects buyers with sellers. The exchange acts as a global payment logistics platform and allows users to quickly and easily buy and sell Bitcoin in the same way eBay facilitates trading of everyday goods. Paxful operates in more than 100 countries, supports over 100 fiat currencies, and has a wide variety of payment methods.
The interface is intuitive, with a minimalist menu and easy to read buttons that'll direct users to where they need to be to buy, send, or receive BTC, or set up 2FA. There's also an ever-present Help button that leads to a comprehensive FAQ section. Setting up an account on the exchange is easy and anonymous. The platform is beginner friendly, but the customer support is not that good.
Crypto Currencies Support
Traditional Currency Support
- Australian Dollar (AUD)
- Canadian Dollar (CAD)
- Euros (EUR)
- Japanese Yen (JPY)
- Russian Ruble (RUB)
- South African Rand (ZAR)
- Swiss Franc (CHF)
- US Dollar (USD)
Language Support
- Chinese
- English
- French
- Indonesian
- Russian
- Spanish
Country Support
- Australia
- Canada
- China
- European Union
- Hong Kong
- Japan
- Most Africa
- Most of Asia
- Most of Eastern European Union
- Most of Latin America
- Most of the Middle East
- New Zealand
- Norway
- Russian Federation
- Singapore
- Switzerland
- Turkey
- United Kingdom of Great Britain and Northern Ireland
- US partial
Platforms Systems
- Web Interface
- API
Paxful offers 2FA, bank-level encryption and professionally audited programs. They partner with BitGo to offer multi-sig for the hot wallet. All active logins are listed as well as the last 20 actions performed by the user. There are no reports the site has been hacked. Still, users should take all necessary precautions to verify sellers and transact in ways that keep them protected at all times.
Summary:
Advanced Security Features:
- Email reports of logins
Security Features:
- SSL
- Bank Level Encryption
- PCI DSS standards
- Regular Auditing Programs
The Paxful marketplace is a product offered by the company Paxful Inc. incorporated in Delaware, USA. The company was created in the summer of 2015 by developers Mohammed (Ray) Youssef (CEO) and Artur Schaback (CTO). They claim to be the Uber of payments and the people's Wall Street. Both founders and the director of IT were arrested last year on weapons and drugs charges.
Summary:
Paxful is a BTC exchange that acts as an escrow service, allowing buyers and sellers to interact after posting trade offers. Benefits include extensive payment methods and many accepted currencies, low fees, ease of use, speedy transactions. Cons are some scamming sellers, poor customer support, and high commissions charged by sellers.
Deposit/Withdrawal Options:
Deposit from bank account, Deposit using credit card, Deposit using 3rd party, Deposit using an ATM (Special BTC ATM), Withdrawl funds to bank account, Withdrawal funds to credit card, Withdrawal funds through a third party, Withdrawal from ATM (Special BTC ATM), Send/Receive Crypto
Functionality:
Paxful offers users over 300 ways to add money to their free Paxful wallet. The exchange has no fees for buyers, but they have to pay a fee to the seller. Sellers are charged 1% for all their trades on the marketplace. Most trades are instant, but it depends on the payment method and if the seller is online. Paxful has a review system similar to eBay. It is not available in the state of New York.
Most common
customer complaint:
Scamming sellers, bad customer support
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