About Paxful
Paxful gives users the option to purchase Bitcoin using cash, and users are not required to share their identification details. Users have the freedom to be anonymous on Paxful, and deal in Bitcoins without a worry. But if you want to stay anonymous you have limited payment options. If you want to make payment using a credit or debit card, you'll need to provide your ID and upload details so Paxful can verify your account and allow you to buy and sell Bitcoin on their platform.
Advantages of Paxful
- Paxful allows people to trade in Bitcoin, by connecting buyers and sellers on their platform. They are not an exchange who store crypto-assets but rather simply provide an exchange platform.
- The interface is user-friendly and welcoming for beginners. Anyone who wants to buy crypto-assets using digital payments can easily make the purchase. You do not need to spend time going around the website and learning about its functionality.
- The most lucrative part of Paxful is that it offers more than 300 payment options for its users. From cash payments to digital payments, users can choose any means to pay for their Bitcoins.
- Orders are processed quickly on Paxful. Their payment process is seamless and if you want to make a cash deposit to your Paxful account, you can do that easily too. Later you just need to upload your receipt, after which you will receive your Bitcoins in your wallet.
- Paxful is available worldwide without much problems or compliance issues. Paxful is only banned in the state of New York but is available in many countries including the USA, India, Russia, Nigeria etc.
- Users have the option to activate 2FA (two-factor authentication) on their devices to add an extra layer of security. You can also verify your mobile numbers and email ID if you want to.
More Advantages of Paxful
- Another upside of Paxful is that you can meet people in person if you want to make a cash payment in exchange for Bitcoins. And you can choose from the most reliable (and highly rated) locally-based people who want to sell Bitcoins.
- Because it's widely available, Paxful has all fiat currencies available on its network. Right from USD (United States Dollars) to INR (Indian Rupees), you can exchange any currency for Bitcoins.
- They do not have any transaction fees. This is what makes Paxful an attractive platform for buyers. The website only charges 1% from the sellers and has zero fees for buyers.
- Users are free to register anonymously on Paxful and maintain their anonymity through to the end of the deal. No verification documents are required and you do not need to submit any kind of ID if the payment methods you choose do not require one! However, if you are buying Bitcoins using your debit cards, you might have to verify the bank account first and submit a valid ID too.
- The customer care is supportive and responsive. They have a live chat option at the bottom-right corner of the website. It is definitely not an instant chat option, because many times they might take more than 3 hours to reply. But it is better than hunting your query in FAQs for hours.
- Paxful employs an escrow service. Once the buyer and seller, both confirm that the payment has been successfully done, only then the Bitcoins are released. In this respect, it's pretty safe and secure.