{"id":720391,"date":"2017-09-21T15:03:42","date_gmt":"2017-09-21T05:03:42","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=720391"},"modified":"2026-05-19T10:14:00","modified_gmt":"2026-05-19T14:14:00","slug":"paxful","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/cryptocurrency\/exchanges\/paxful","title":{"rendered":"Paxful Exchange Review"},"content":{"rendered":"<div class=\"must-read u-bg--purple-subtle u-rounded--lg\" data-component=\"must-read\">\n    <div class=\"must-read__block\">\n        <h4 class=\"must-read__title\">\n            <span class=\"must-read__title-icon\">\n                <svg width=\"32\" height=\"32\" viewbox=\"0 0 32 32\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n                    <path d=\"M26.9325 26.9998H5.0675C3.49 26.9998 2.5 25.3486 3.26625 24.0111L14.1988 5.02734C14.9863 3.65234 17.0138 3.65234 17.8013 5.02734L28.7338 24.0111C29.5 25.3486 28.51 26.9998 26.9325 26.9998Z\" fill=\"#B469FF\"><\/path>\n                    <path d=\"M29.6 23.5113L18.6688 4.52758C18.3956 4.06249 18.0056 3.67686 17.5375 3.40891C17.0694 3.14096 16.5394 3 16 3C15.4606 3 14.9306 3.14096 14.4625 3.40891C13.9944 3.67686 13.6044 4.06249 13.3312 4.52758L2.4 23.5113C2.13717 23.9612 1.99866 24.4728 1.99866 24.9938C1.99866 25.5148 2.13717 26.0265 2.4 26.4763C2.66966 26.9442 3.05896 27.332 3.52795 27.5997C3.99694 27.8675 4.52873 28.0057 5.06875 28.0001H26.9313C27.4708 28.0052 28.0021 27.8669 28.4706 27.5991C28.9391 27.3314 29.328 26.9439 29.5975 26.4763C29.8607 26.0267 29.9997 25.5152 30.0001 24.9942C30.0005 24.4732 29.8625 23.9614 29.6 23.5113ZM27.8662 25.4751C27.771 25.6376 27.6341 25.7719 27.4698 25.8642C27.3055 25.9564 27.1197 26.0033 26.9313 26.0001H5.06875C4.88034 26.0033 4.69446 25.9564 4.53016 25.8642C4.36586 25.7719 4.22904 25.6376 4.13375 25.4751C4.04743 25.3289 4.0019 25.1623 4.0019 24.9926C4.0019 24.8228 4.04743 24.6562 4.13375 24.5101L15.065 5.52633C15.1622 5.36455 15.2997 5.23068 15.4639 5.13773C15.6282 5.04479 15.8138 4.99595 16.0025 4.99595C16.1912 4.99595 16.3768 5.04479 16.5411 5.13773C16.7053 5.23068 16.8428 5.36455 16.94 5.52633L27.8713 24.5101C27.9568 24.6567 28.0015 24.8235 28.0006 24.9933C27.9997 25.163 27.9533 25.3294 27.8662 25.4751ZM15 18.0001V13.0001C15 12.7349 15.1054 12.4805 15.2929 12.293C15.4804 12.1054 15.7348 12.0001 16 12.0001C16.2652 12.0001 16.5196 12.1054 16.7071 12.293C16.8946 12.4805 17 12.7349 17 13.0001V18.0001C17 18.2653 16.8946 18.5197 16.7071 18.7072C16.5196 18.8947 16.2652 19.0001 16 19.0001C15.7348 19.0001 15.4804 18.8947 15.2929 18.7072C15.1054 18.5197 15 18.2653 15 18.0001ZM17.5 22.5001C17.5 22.7968 17.412 23.0868 17.2472 23.3334C17.0824 23.5801 16.8481 23.7724 16.574 23.8859C16.2999 23.9994 15.9983 24.0291 15.7074 23.9713C15.4164 23.9134 15.1491 23.7705 14.9393 23.5607C14.7296 23.351 14.5867 23.0837 14.5288 22.7927C14.4709 22.5017 14.5006 22.2001 14.6142 21.9261C14.7277 21.652 14.92 21.4177 15.1666 21.2529C15.4133 21.0881 15.7033 21.0001 16 21.0001C16.3978 21.0001 16.7794 21.1581 17.0607 21.4394C17.342 21.7207 17.5 22.1023 17.5 22.5001Z\" fill=\"#232320\"><\/path>\n                <\/svg>\n            <\/span>\n            <span class=\"must-read__title-text\">Must read: Paxful announcement<\/span>\n        <\/h4>\n        <div class=\"must-read__content\">\n            \n<p>On April 4, 2023, Ray Youssef, the CEO of Paxful announced in a <a href=\"https:\/\/paxful.com\/sign-up-transition\" target=\"blank\" rel=\"noopener noreferrer\"> blog post<\/a> that Paxful will be suspending its marketplace and that he isn't sure that it will come back.<br><br>Youssef highlighted the fact that The Paxful Wallet will be up for customers to retrieve their funds and urged users to send their funds on Paxful to a <a href=\"https:\/\/www.finder.com\/ca\/cryptocurrency\/wallets\" target=\"blank\" rel=\"noopener noreferrer\">non-custodial wallet<\/a>.<\/p>\n\n        <\/div>\n    <\/div>\n<\/div>\n<div class=\"cryptoDisclaimer luna-card luna-card--alt\">\n    <div class=\"luna-card__block\">\n        <b>Disclaimer:<\/b> This information should not be interpreted as an endorsement of cryptocurrency or any specific\n        provider, service or offering. It is not a recommendation to trade.\n    <\/div>\n<\/div>\n<h3>What is Paxful?<\/h3><p>Paxful is an exchange platform that enables its users to buy and sell cryptocurrency. It is a peer-to-peer marketplace that enables buyers and sellers to meet and make transactions. Users can also make use of Paxful exchange as a means of payment processing for their websites.<\/p><p>Paxful exchange offers a wide range of payment options for its users and ensures that its services can be used even in countries where cryptocurrency exchange platforms are restricted. It only offers Bitcoin, Ethereum and Tether for buying and selling.<\/p><p>Trust has been a major issue when it comes to transactions on cryptocurrency exchange platforms, as there is a high risk of being scammed. Paxful solves this problem by providing escrow services. It ensures that the transactions are being confirmed by both sellers and buyers before payment is made.<\/p><ul><li><b>If this is your first exchange.<\/b> If you are interested in BTC, ETH and USDT, Paxful is a suitable choice considering its variety of trading solutions and user interface\/experience design that makes it easy to use.<\/li><li><b>If you\u2019re switching exchanges.<\/b> Paxful\u2019s low transaction fees, great customer support and numerous payment methods make it a preferable choice. However, Paxful only offers 3 crypto assets to users so if you want variety you will need to look elsewhere.<\/li><\/ul><article class=\"luna-card luna-card--alt\"><div class=\"luna-card__block\"><h3 id=\"proscons\">Pros and cons of Paxful<\/h3><div class=\"u-grid\"> <div class=\"u-grid__col u-1\/2@s\"><h4 class=\"fin-text-green\">Pros<\/h4><ul class=\"list-4\"><li>Low transaction fees (&lt;1%)<\/li><li>Slick user interface and experience (UI\/UX)<\/li><li>300+ payment methods<\/li><\/ul><\/div> <div class=\"u-grid__col u-1\/2@s\"><h4 class=\"fin-text-red\">Cons<\/h4><ul class=\"list-13\"><li>Risk of potential scams<\/li><li>Few cryptocurrencies available<\/li><li>High exchange rate<\/li><\/ul><\/div> <\/div><\/div><\/article><h3>Is Paxful any good?<\/h3><p>The low transaction fees and user-friendly interface make Paxful a suitable choice for both beginners and experts. Also, due to its numerous payment methods and low transaction fees, the trading of cryptocurrencies is now easy and accessible to anyone with a phone and an Internet connection. But Paxful still has a lot of fixing to do when it comes to scams on its platform. It also needs to increase the trading options for users by adding more cryptocurrencies, as it currently only offers 3.<\/p><h3>What to know about Paxful<\/h3><p>The mission at Paxful\u2019s birth was to make Bitcoin easier for businesses and merchants. Now it supports 2 other cryptocurrencies other than Bitcoin. Its peer-to-peer marketplace has made it very easy to send and receive cryptocurrencies even if the user resides in a country where such activities are prohibited. This is because you only need an email address and a password to open an account. In countries like China, Morocco and Algeria where there is a ban on the use of cryptocurrency, a lot of people still make use of Paxful for their cryptocurrency transactions regardless.<\/p><p>Despite the rate of scams on the platform, you can filter those with whom you do business by creating a trusted list. When you have a good trading experience with a seller, you can add the seller to your trusted list. By doing that, their offers are prioritised in your feed. There is also a blocked list where you can add a fraudulent seller. These are investigated and removed from your feed.<\/p><h3>Finder Ratings for Paxful<\/h3><table class=\"luna-table luna-table\u2013responsiveList\" width=\"335\"><thead class=\"luna-table__header\"><tr><td>Supported cryptocurrencies<\/td><td><img decoding=\"async\" class=\"alignnone wp-image-726929\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png\" alt=\"checkmark\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><img decoding=\"async\" class=\"alignnone wp-image-726929\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png\" alt=\"checkmark\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><img decoding=\"async\" class=\"alignnone wp-image-726929\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png\" alt=\"checkmark\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><\/td><\/tr><tr><td>Transferring money or assets<\/td><td><img decoding=\"async\" class=\"alignnone wp-image-726929\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png\" alt=\"checkmark\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><img decoding=\"async\" class=\"alignnone wp-image-726929\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png\" alt=\"checkmark\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><img decoding=\"async\" class=\"alignnone wp-image-726929\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png\" alt=\"checkmark\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><img decoding=\"async\" class=\"alignnone wp-image-726929\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png\" alt=\"checkmark\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><\/td><\/tr><tr><td>Fees and costs<\/td><td><img decoding=\"async\" class=\"alignnone wp-image-726929\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png\" alt=\"checkmark\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><img decoding=\"async\" class=\"alignnone wp-image-726929\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png\" alt=\"checkmark\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><img decoding=\"async\" class=\"alignnone wp-image-726929\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png\" alt=\"checkmark\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><\/td><\/tr><tr><td>Ease of use<\/td><td><img decoding=\"async\" class=\"alignnone wp-image-726929\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png\" alt=\"checkmark\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><img decoding=\"async\" class=\"alignnone wp-image-726929\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png\" alt=\"checkmark\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><img decoding=\"async\" class=\"alignnone wp-image-726929\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png\" alt=\"checkmark\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><img decoding=\"async\" class=\"alignnone wp-image-726929\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png\" alt=\"checkmark\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><\/td><\/tr><tr><td>Customer service<\/td><td><img decoding=\"async\" class=\"alignnone wp-image-726929\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png\" alt=\"checkmark\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><img decoding=\"async\" class=\"alignnone wp-image-726929\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png\" alt=\"checkmark\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><img decoding=\"async\" class=\"alignnone wp-image-726929\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png\" alt=\"checkmark\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><img decoding=\"async\" class=\"alignnone wp-image-726929\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png\" alt=\"checkmark\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><\/td><\/tr><tr><td>Staking\/earn rating?<\/td><td><img decoding=\"async\" class=\"alignnone wp-image-726929\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png\" alt=\"checkmark\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><\/td><\/tr><tr><td>Trustworthiness\/security<\/td><td><img decoding=\"async\" class=\"alignnone wp-image-726929\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png\" alt=\"checkmark\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><img decoding=\"async\" class=\"alignnone wp-image-726929\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png\" alt=\"checkmark\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><\/td><\/tr><tr><td>Overall score<\/td><td><img decoding=\"async\" class=\"alignnone wp-image-726929\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png\" alt=\"checkmark\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><img decoding=\"async\" class=\"alignnone wp-image-726929\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png\" alt=\"checkmark\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><img decoding=\"async\" class=\"alignnone wp-image-726929\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png\" alt=\"checkmark\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/2020\/09\/star1-1.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><\/td><\/tr><\/thead><\/table><ul class=\"luna-accordionGroup accordionGroup\"><p>Finder\u2019s editors objectively assess each platform across a spectrum of performance metrics using a system of 1 to 5 stars, which are designed to help you assess a crypto platform\u2019s strengths and weaknesses.<\/p><p>Our rating and selection of the <a href=\"https:\/\/www.finder.com\/ca\/cryptocurrency\/exchanges\">best crypto exchanges<\/a> is based on the same criteria as our annual <a href=\"https:\/\/www.finder.com\/ca\/cryptocurrency\/exchanges\/finder-crypto-trading-platform-awards-2022\">Crypto Trading Platform Awards<\/a>, updated by our editorial team throughout the year to reflect changes in the market.<\/p><ul class=\"luna-accordionGroup accordionGroup\"><\/ul><\/ul><ul class=\"luna-accordionGroup accordionGroup\"><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000000\" data-toggle=\"collapse\" data-target=\"#accordion0000000000\">\n        <span class=\"luna-accordion__title\">Supported cryptocurrencies<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000000\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><ul><li><a href=\"https:\/\/www.finder.com\/ca\/cryptocurrency\/bitcoin\" target=\"_blank\" rel=\"noopener\">Bitcoin (BTC)<\/a><\/li><li><a href=\"https:\/\/www.finder.com\/ca\/cryptocurrency\/ethereum\" target=\"_blank\" rel=\"noopener\">Ethereum (ETH)<\/a><\/li><li><a href=\"https:\/\/www.finder.com\/ca\/cryptocurrency\/coins\/how-to-buy-tether\" target=\"_blank\" rel=\"noopener\">Tether USD (USDT)<\/a><\/li><\/ul><p>Paxful Exchange is limited to the above-mentioned cryptocurrencies. It does not offer other altcoins like <a href=\"https:\/\/www.finder.com\/ca\/cryptocurrency\/coins\/litecoin\" target=\"_blank\" rel=\"noopener\">Litecoin<\/a>, <a href=\"https:\/\/www.finder.com\/ca\/cryptocurrency\/coins\/ripple\" target=\"_blank\" rel=\"noopener\">Ripple<\/a>, <a href=\"https:\/\/www.finder.com\/ca\/cryptocurrency\/coins\/dogecoin\" target=\"_blank\" rel=\"noopener\">Dogecoin<\/a>, <a href=\"https:\/\/www.finder.com\/ca\/cryptocurrency\/coins\/how-to-buy-polkadot\" target=\"_blank\" rel=\"noopener\">Polkadot<\/a>, <a href=\"https:\/\/www.finder.com\/ca\/cryptocurrency\/coins\/solana\" target=\"_blank\" rel=\"noopener\">Solana<\/a>, <a href=\"https:\/\/www.finder.com\/ca\/cryptocurrency\/coins\/how-to-buy-polygon\" target=\"_blank\" rel=\"noopener\">Polygon<\/a>, <a href=\"https:\/\/www.finder.com\/ca\/cryptocurrency\/coins\/cardano\" target=\"_blank\" rel=\"noopener\">Cardano<\/a> and more top market cap assets.<\/p><p>Paxful Exchange has decided to do more with less and that is obvious by its efforts to ensure the continuous and efficient circulation of the supported cryptocurrencies. So as long as you aren\u2019t interested in making transactions with other coins, Paxful is a good choice.<\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000001\" data-toggle=\"collapse\" data-target=\"#accordion0000000001\">\n        <span class=\"luna-accordion__title\">Transferring fiat and cryptocurrency<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000001\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>It is important to note that the speed of transactions depends on the cryptocurrency\u2019s network. For instance, transferring Bitcoin can take between 5 minutes to an hour. The transfer time is shorter when sending Ethereum and Tether as it ranges from a few seconds to 30 minutes. Fiat transfers on Paxful vary by payment method.<\/p><\/div>\n  <\/div>\n<\/li><h3>Paxful fees and costs<\/h3><p>When a user buys a cryptocurrency from a seller on the Paxful Exchange, they are buying based on the price set by the seller. In this way, Paxful is just an intermediary to ensure the transaction is confirmed. So when users buy or receive cryptocurrency, there are zero fees.<\/p><p>But when a user decides to sell their cryptocurrency, a certain percentage of fees are deducted from each transaction. The percentage of fees deducted depends on the mode of payment.<\/p><p>A user can send $1,000 worth of cryptocurrency before a transaction fee of 1% is deducted on subsequent transactions if they occur between fellow Paxful wallet holders. If the transaction involves a non-Paxful wallet holder, the 1% fee takes effect right from the first transaction. There is also a 0.5% fee for converting cryptocurrencies.<\/p><p>There are no cryptocurrency deposit fees when depositing from an external address or Paxful wallet. There are no withdrawal fees when sending to another Paxful wallet, but when sending to an external address fees vary depending on the amount being withdrawn.<\/p><h5>Fiat withdraw and deposit fees<\/h5><table class=\"luna-table luna-table--responsiveList\"><thead class=\"luna-table__header\"><tr><td><strong>Deposit<\/strong><\/td><td><strong>Withdrawal\/purchase<\/strong><\/td><\/tr><tr><td>No Fees<\/td><td>0.1- 5%<\/td><\/tr><\/thead><\/table><h5>Crypto withdraw and deposit fees<\/h5><table class=\"luna-table luna-table--responsiveList\"><thead class=\"luna-table__header\"><tr><td><strong>Deposit<\/strong><\/td><td><strong>Withdrawal<\/strong><\/td><\/tr><tr><td>No fees<\/td><td>Internal wallet: no fees<br>External wallet:<br>BTC<br>$0 \u2013 $9.99 = 0.00008 BTC fee<br>$10 \u2013 $19.99 = 0.00016 BTC fee<br>$20+ = 0.0004 BTC fee<br>1% fee of total if using Lightning<br>ETH<br>$0 \u2013 $9.99 = 0.0005 ETH fee<br>$10 \u2013 $19.99 = 0.001 ETH fee<br>$20+ = 0.002 ETH fee<br>USDT<br>$0 \u2013 $9.99 = 1 USDT fee<br>$10 \u2013 $19.99 = 2 USDT fee<br>$20+ = 5 USDT fee<\/td><\/tr><\/thead><\/table><\/ul><h3>What is it like to use Paxful?<\/h3><p>To ensure users keep track of their funds, buy and sell their cryptocurrency easily, Paxful has made its interface interactive and user-friendly. The buy, sell and convert buttons are placed on the user\u2019s account dashboard. It is also very easy to find the deposit\/withdraw interface.<\/p><ul class=\"luna-accordionGroup accordionGroup\"><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000002\" data-toggle=\"collapse\" data-target=\"#accordion0000000002\">\n        <span class=\"luna-accordion__title\">Getting started<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000002\" data-accordion=\"details\">\n    <div class=\"accordionContent\">Start making use of Paxful by creating your account. All you need is your phone number and a strong password.<p><img decoding=\"async\" class=\"aligncenter wp-image-978241\" title=\"Image: Finder\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/03\/Paxful_CreateAccount.png\" alt=\"create an account on Paxful\" width=\"800\" height=\"344\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/03\/Paxful_CreateAccount.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/03\/Paxful_CreateAccount.png?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/03\/Paxful_CreateAccount.png?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/03\/Paxful_CreateAccount.png?fit=900 900w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/03\/Paxful_CreateAccount.png?fit=1200 1200w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/03\/Paxful_CreateAccount.png?fit=2400 2400w\" sizes=\"(max-width: 2400px) 100vw, 2400px\" loading=\"lazy\"><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000003\" data-toggle=\"collapse\" data-target=\"#accordion0000000003\">\n        <span class=\"luna-accordion__title\">Mobile app<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000003\" data-accordion=\"details\">\n    <div class=\"accordionContent\">You can access Paxful on your desktop and on your mobile device. You can download it at the Playstore or the Apple store.<\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000004\" data-toggle=\"collapse\" data-target=\"#accordion0000000004\">\n        <span class=\"luna-accordion__title\">UI\/UX<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000004\" data-accordion=\"details\">\n    <div class=\"accordionContent\">Explore the buy, sell, receive and payment options on Paxful\u2019s user-friendly dashboard.<p><img decoding=\"async\" class=\"aligncenter wp-image-978242\" title=\"Image: Finder\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/03\/Paxful_Dashboard.jpg\" alt=\"Paxful dashboard\" width=\"801\" height=\"362\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/03\/Paxful_Dashboard.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/03\/Paxful_Dashboard.jpg?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/03\/Paxful_Dashboard.jpg?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/03\/Paxful_Dashboard.jpg?fit=900 900w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/03\/Paxful_Dashboard.jpg?fit=1200 1200w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/03\/Paxful_Dashboard.jpg?fit=2403 2403w\" sizes=\"(max-width: 2403px) 100vw, 2403px\" loading=\"lazy\"><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000005\" data-toggle=\"collapse\" data-target=\"#accordion0000000005\">\n        <span class=\"luna-accordion__title\">Trading terminal<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000005\" data-accordion=\"details\">\n    <div class=\"accordionContent\">Easily send and receive your cryptocurrency and also track your funds on your trading dashboard.<p><img decoding=\"async\" class=\"aligncenter wp-image-978243\" title=\"Image: Finder\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/03\/Paxful_Wallet.png\" alt=\"My wallet on Paxful\" width=\"800\" height=\"321\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/03\/Paxful_Wallet.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/03\/Paxful_Wallet.png?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/03\/Paxful_Wallet.png?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/03\/Paxful_Wallet.png?fit=900 900w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/03\/Paxful_Wallet.png?fit=1200 1200w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/03\/Paxful_Wallet.png?fit=2400 2400w\" sizes=\"(max-width: 2400px) 100vw, 2400px\" loading=\"lazy\"><\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000006\" data-toggle=\"collapse\" data-target=\"#accordion0000000006\">\n        <span class=\"luna-accordion__title\">Affiliate earnings<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000006\" data-accordion=\"details\">\n    <div class=\"accordionContent\">Earn up to 50% escrow fee on Paxful by inviting your friends and also earn 10% from the people they refer.<p><img decoding=\"async\" class=\"aligncenter wp-image-978244\" title=\"Image: Finder\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/03\/Paxful_Affiliate.png\" alt=\"affiliate dashboard on Paxful\" width=\"799\" height=\"283\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/03\/Paxful_Affiliate.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/03\/Paxful_Affiliate.png?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/03\/Paxful_Affiliate.png?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/03\/Paxful_Affiliate.png?fit=900 900w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/03\/Paxful_Affiliate.png?fit=1200 1200w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2022\/03\/Paxful_Affiliate.png?fit=2397 2397w\" sizes=\"(max-width: 2397px) 100vw, 2397px\" loading=\"lazy\"><\/p><\/div>\n  <\/div>\n<\/li><\/ul><h4>Does Paxful have good customer support?<\/h4><p>If you have trouble with the site or some questions to ask, Paxful\u2019s customer support is always easy to reach out to. The Paxful bot is the best way to get hold of the customer support. You type in your particular problem on the chat page with the bot. The issue is then reviewed by the support team and an answer is sent to your email.<\/p><p>You can access the Paxful bot by clicking on the chat icon on Paxful\u2019s homepage. On Paxful mobile apps, you click on the contact support icon and you are directed to the Paxful help centre where there are loads of articles describing how to solve whichever problems you might have.<\/p><table class=\"luna-table luna-table--responsiveList\"><thead class=\"luna-table__header\"><tr><td><\/td><td><strong>Support offered<\/strong><\/td><td><strong>Wait times<\/strong><\/td><\/tr><tr><td>Paxful bot \/ live chat<\/td><td>\u2705<\/td><td>1+ minute<\/td><\/tr><tr><td>Help centre<\/td><td>\u2705<\/td><td>6+ hours<\/td><\/tr><\/thead><\/table><h4>Trust rating<\/h4><ul class=\"luna-accordionGroup accordionGroup\"><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000007\" data-toggle=\"collapse\" data-target=\"#accordion0000000007\">\n        <span class=\"luna-accordion__title\">Past hacks<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000007\" data-accordion=\"details\">\n    <div class=\"accordionContent\">No hacks have been recorded since Paxful was founded. There have been scams in the past where bad actors abused the platform. Paxful aims to remove any of these actors.<\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000008\" data-toggle=\"collapse\" data-target=\"#accordion0000000008\">\n        <span class=\"luna-accordion__title\">Security audits<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000008\" data-accordion=\"details\">\n    <div class=\"accordionContent\">Paxful has not undergone any security audits. The team at Paxful have tried to ensure that the website is not susceptible to attacks by hackers by carrying out the following:<ul><li>Taking down its forums to prevent hackers from giving wrong information to users.<\/li><li>Frequently releasing blog posts on how users can secure their wallets.<\/li><li>Providing 24\/7 customer support for their customers.<\/li><\/ul><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000009\" data-toggle=\"collapse\" data-target=\"#accordion0000000009\">\n        <span class=\"luna-accordion__title\">Insurance<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000009\" data-accordion=\"details\">\n    <div class=\"accordionContent\">Paxful does not take out any third-party insurance, it is liable for any risk and would bear the consequences of the risk. That means Paxful is liable for any damage or an event of loss of information or money. This is why the Paxful team pays attention to eliminating the chances of security breaches from their end and that of the users.<\/div>\n  <\/div>\n<\/li><\/ul><h3>Signing up on Paxful<\/h3><p>Here are the steps to open an account on Paxful:<\/p><article class=\"luna-card luna-card--border\"><div class=\"luna-card__block\"><h4>Step 1<\/h4><p>Go to Paxful\u2019s homepage and click on the create account button.<\/p><\/div><\/article><article class=\"luna-card luna-card--border\"><div class=\"luna-card__block\"><h4>Step 2<\/h4><p>Input either your phone number or your email address and a strong password.<\/p><\/div><\/article><article class=\"luna-card luna-card--border\"><div class=\"luna-card__block\"><h4>Step 3<\/h4><p>Verify your email address or input the OTP sent to your phone number. With this, you have successfully created an account on Paxful.<\/p><\/div><\/article><article class=\"luna-card luna-card--border\"><div class=\"luna-card__block\"><h4>Optional KYC (Know Your Customer)<\/h4><p>Getting your account verified offers you a lot of benefits when using Paxful. It also makes it easy for moderators to help when the need arises. Learn more about the importance of KYC <a href=\"https:\/\/www.finder.com\/ca\/cryptocurrency\/know-your-customer-kyc-guide\" target=\"_blank\" rel=\"noopener\">here<\/a>. The following are the steps to verify your account.<\/p><ol><li>Click on the settings icon on your dashboard page. Then click on the verification button.<\/li><li>Fill in the necessary information required. That information includes your full name, date of birth, residential address and a photo of your identity card.<\/li><li>Note that the verification process can take 2 -14 working days.<\/li><\/ol><\/div><\/article><h3>Compare Paxful against other trading platforms<\/h3><h3>Paxful FAQs<\/h3><div><div><h4>Is Paxful safe to use to buy Bitcoin?<\/h4><div><div><p>While there have been a lot of reports of scams, Bitcoin can be safely bought on Paxful. To buy Bitcoin safely on Paxful, ensure you are buying from a trusted seller.<\/p><\/div><\/div><\/div><div><h4>Is Paxful legitimate?<\/h4><div><div><p>Yes, Paxful is a legitimate site, although there might be some fraudsters on the platform.<\/p><\/div><\/div><\/div><div><h4>Does Paxful charge a fee?<\/h4><div><div><p>Paxful charges fees on your withdrawals and when you sell or send cryptocurrency. You won\u2019t be charged for depositing, receiving or buying cryptocurrency.<\/p><\/div><\/div><\/div><div><h4>How do I withdraw money from Paxful?<\/h4><div><div><p>You can withdraw money from Paxful through bank transfers, wire transfers, cryptocurrencies, gift cards and debit\/credit cards.<\/p><\/div><\/div><\/div><\/div><div class=\"cryptoDisclaimer luna-card luna-card--alt\">\n    <div class=\"luna-card__block\">\n        <b>Disclaimer:<\/b> Cryptocurrencies are speculative, complex and involve significant risks \u2013 they are highly\n        volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of\n        future performance. Consider your own circumstances, and obtain your own advice, before relying on this information.\n        You should also verify the nature of any product or service (including its legal status and relevant regulatory\n        requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may\n        have holdings in the cryptocurrencies discussed.\n    <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>We review Paxful\u2019s rates, fees and payment options when buying or selling bitcoin.<\/p>\n","protected":false},"author":1255,"featured_media":736091,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_focuskw":"Paxful review","_yoast_wpseo_title":"Paxful Review : Fees, Features & More | Finder Canada","_yoast_wpseo_metadesc":"Paxful accepts 350 payment methods across 190+ countries. 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