Paxful | Business24-7

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Written by Braden Chase Edited by Giles Thomas Fact Checked by Tomislav Turcin

7 March 2023

2 March 2023

Page Summary

Paxful is a crypto exchange with access to 300+ ways to buy Bitcoin. It has a secure wallet app and an excellent affiliate program. The Paxful exchange offers real-time trading with BitMart Integration. We recommend it for traders at all levels because of its fixed fees.

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Paxful is a crypto exchange that allows users to buy and sell Bitcoin instantly.
It offers live chat services during trades.
It has a reliable customer support team with excellent response times.

Paxful Overview:

Paxful is a decentralized exchange with access to live social connections. The Paxful exchange uses a live chat for placing trades with a live person. It offers excellent safety features, including biometric identification. We recommend it for traders at all levels. The Paxful platform is available globally, but the traders from the following countries don’t receive access to Paxful:

Burundi
The Central African Republic
Crimea
Iran
Iraq
Lebanon
Libya
North Korea
Somalia
South Sudan
Darfur
Syria
Venezuela
Yemen

Trading Experience

Our Paxful review shows it offers a reliable website platform and mobile app. The main service available with this exchange is the instant buy feature. It is a good fit for traders who buy digital coins with standard payment methods. Paxful processed direct P2P (peer-2-peer) transactions. It is not an exchange like Coinbase.

Cryptocurrencies Available 

The digital coin available at Paxful is Bitcoin. Traders who want to buy Ethereum or other coins via PayPal will not find those coins for sale on Paxful. The leading coins on Paxful are:

Ethereum
Ripple
Litecoin
Bitcoin Cash
DASH

Fees 

The standard Paxful fees are 1% no matter the transaction or payment method you choose. Paxful account holders sell Bitcoin at any price available to buyers. This exchange charges a mining cost for processing Bitcoin. It offers access to many payment methods, including a bank transfer. Read our in-depth reviews to discover more information on Bitcoin trading, payment methods, and fees.

Regulation & Reputation 

Paxful doesn’t have a top-tier license from a trustworthy provider. Paxful is a decentralized exchange and is completely unregulated. It uses ID verification under the Know Your Customer rule. Paxful follows the anti-money laundering standards. This Bitcoin marketplace is trustworthy and offers useful safety features. If you use PayPal, Skrill, bank transfers, or buy Bitcoin with a credit card, two-factor identification is mandatory. Our Paxful review shows it offers useful account safety measures, but it lacks top-tier licenses.

Account Opening 

Opening a Paxful account is straightforward. Users follow the steps below:

Access the Paxful website and click on Register A Paxful Account.
Click on Create Your Bitcoin Account and Free Paxful Wallet.
Confirm your email address and phone number.
Fund your secure Paxful wallet with a payment method of choice.
Choose one of the payment methods available and Buy Bitcoin.

Customer Support 

Paxful offers leading customer support services. Its support team answers fast and offers knowledgeable answers to most queries. This exchange provides the following Paxful support channels:

Live chat
Paxful ZenDesk
Seller Support
Paxful School
Email Support

Summary 

Paxful is an excellent decentralized exchange for buying Bitcoin instantly. It has a fixed fee, and traders purchase Bitcoin using 307 payment options, including other cryptocurrencies. The Paxful wallet is secure. We recommend this cryptocurrency exchange to traders at all levels.

FAQ

What Is A Centralized Exchange?

A centralized Bitcoin exchange is a private institution offering access to trading platforms. It lets users invest in digital assets. These exchanges request registration, known as the Know Your Client Rule. Centralized exchanges are also subject to national and local government regulations.

What Is A Decentralized Exchange?

A decentralized Bitcoin exchange doesn’t have a central point of control. It functions as a server, but each device within the network operates in different countries. If one device malfunctions, it doesn’t interfere with the network’s activity. Decentralized exchanges don’t have top-tier licenses from a regulator and are not subject to national laws. If you choose this type of exchange, you should understand the risks. Read our in-depth reviews to learn more about exchanges and safety.

What Is the Paxful Affiliate Program?

The Paxful affiliate program offers incentives to account holders. Tier-1 referrals who join the Paxful exchange get you a 50% of the Paxful escrow fee. Read our in-depth reviews to learn more about Bitcoin exchanges and referral programs.

Disclaimer

Braden Chase

Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

Paxful Review