Paxful App
Paxful considers itself as one of the leading peer-to-peer (P2P) Bitcoin marketplaces around the world. Founded in 2015, the company has now grown to have around 4.8 million users worldwide. It’s rated highly among the top five P2P exchanges for Bitcoin, thanks to its high value of trades.
The Paxful App supports over 350+ payment methods, alongside secure login and even crypto vendor opportunities, making it a unique service for many crypto investors.
Paxful App Features
Paxful looks to change the way people interact with cryptocurrency, facilitating a P2P platform that enables users to trade with real people directly — the way Bitcoin was initially intended to be used. To help with this, Paxful has integrated over 300 different payment methods to make it easier for users to move their own money and cryptocurrency.
Deposit and Withdrawal Features:
You don’t have to worry about Paxful’s fees when it comes to deposits. However, note that they do charge withdrawal fees from their wallet. When it comes to funding your account, Paxful offers a number of payment methods.
- Bank transfer for supported domestic and international options.
- Digital currencies compatible with Paxful like Bitcoin Cash, Litecoin, and even Dogecoin.
- Goods and Services which include gold, cars, and even game items.
- Gift cards like Amazon, Google Play, and even XBox gift cards.
- Debit/Credit Cards such as Visa and American Express.
- Online Wallets such as Paypal, Google Pay, MPesa, Zelle, and other options.
Paxful Wallet
Paxful’s wallet is a functional, safe, and easy-to-use means of securing your crypto funds. Thanks to their P2P marketplace, you can easily send or receive Bitcoin as well as top up your own account directly in just a few clicks.
Security Features:
Paxful Wallet offers a strict verification process and password requirements, making sure that you are the only one who can access your own funds and keys. They take your security very seriously, giving you the peace of mind you need when it comes to crypto transactions.
Flexibility
Enjoy the flexibility with over 300 ways you can buy or sell your own Bitcoin. Take advantage of Paxful’s P2P network to trade privately and with real people directly.
Freedom
No need to worry about losing your funds even if you lose your device! You can count on Paxful’s cloud storage to backup your funds as you access your money and your investments anytime and anywhere.
Paxful Mobile App
Send, receive, and trade Bitcoin and other cryptocurrencies anywhere you go with the help of the Paxful App! Track your trades in real time so you know the status of your most recent transactions. Receive updates on Paxful’s rates for crypto conversions such as Bitcoin-to-fiat at your own convenience.
To add to the convenience of transacting with crypto on-the-go, Paxful offers several personalisation options for your own convenience, while offering trusted friends and partners an easy way to know that it’s you.
#BuiltwithBitcoin
Paxful is committed to using Bitcoin as a vehicle for future change. As such, it has launched the #BuiltwithBitcoin initiative in order to provide opportunities and improve lives for other communities that need help using Bitcoin.
Under this initiative, Paxful aims to help build 100 schools, water facilities, and entrepreneurial incubators using the funding provided by Bitcoin. Currently, the company has already finished building 4 schools and is looking forward to building the remaining ones it promised in the near future!
FAQ
No. Paxful’s wallet isn’t regulated but the company does promise that it’s safe and secure to use, providing strict security standards for its users and traders. It also requires their client’s ID for verification and it’s also compliant with KYC standards and anti-money laundering standards in any country.
You will need to create a vendor account on the website. A vendor account enables you to create offers using Bitcoin, set your own profit margins, and even build out your own unique customer experience you can provide, in order to increase your profits.
Buying cryptocurrency on the Paxful app is entirely free regardless of the payment method chosen. As such, you only need to worry about seller’s fees. Sellers are charged a price between 0.5% and 5% of the total order for every sale. On the other hand, selling crypto through bank transfers only charges a 0.5% fee.
With gift cards, the fee could go as high as 3% to 5% depending on the card used. Other payment methods are now charged a flat fee of 1%. The company is able to offer fees for as low as possible, making it a really good exchange to start out with.
