While it’s more difficult to mine for Bitcoin these days, cryptocurrencies are gaining acceptance for even everyday purchases. Paxful helps connect buyers and sellers to easily exchange Bitcoin, accepting more than 300 different payment methods. For businesses, Paxful provides a simplified way for online shoppers to pay using Bitcoin.
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Paxful review
- Fiat currencies
- 158
- Supported assets
- 4
This is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.
Our verdict
Quickly buy and sell Bitcoin with this peer-to-peer marketplace.
Paxful is a peer-to-peer online marketplace that allows you to buy and sell Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) with anyone in the world.
One of the best things about Paxful is that it allows users to pay for their crypto purchases using their choice of more than 350+ payment methods. These methods range from more traditional options like bank or wire transfers to newer options like Apple Pay or PayPal.
Paxful operates in more than 100 countries and has served over 10 million people.
You may prefer to be a buyer on Paxful as opposed to a seller, as sellers have to cover all of the transfer fees on the platform.
Pros
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Multiple deposit and payment methods
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No buyer transfer fee
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Speedy transactions
Cons
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Only three cryptocurrencies listed
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Sellers can chose their exchange rates
Details
Product details
| Product Name | Paxful P2P Cryptocurrency Marketplace |
| Fiat Currencies | USD, DZD, XCD, ARS, AMD, AWG, AUD, AZN, BSD, BHD, BDT & 140+ more |
| Cryptocurrencies | BTC, ETH, USDT, USDC |
| Deposit Methods |
Bank transfer (ACH) Bank transfer Cryptocurrency Debit card PayPal Wire transfer Apple Pay Google Pay |
| Trading Fee |
Buyer: None Seller: Fees vary |
| Deposit Fees | 0.5% |
| Withdrawal Fees | None |
Paxful announcement
On April 4, 2023, Ray Youssef, the CEO of Paxful announced in a blog post that Paxful will be suspending its marketplace and that he isn't sure that it will come back.
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 non-custodial wallet.
Finder Score
★★★★★About Paxful — company background
Paxful was established in 2015 in New York City. It currently has offices in Estonia, the UK, the Philippines, Dubai and St. Petersburg.
Paxful’s mission is to empower the four billion people on Earth who are either unbanked or underbanked.
Listed Paxful crypto exchange assets
Paxful supports over 4 cryptocurrencies, but some notable assets are missing. Namely, BNB, Solana and Lido Staked Ether, which are in the top 20 cryptos by market cap. In total, 4 of the top 20 cryptos are available on Paxful.
Popular assets on Paxful supports
Bitcoin (BTC) supports
Ethereum (ETH) supports
Tether (USDT) does not support
BNB (BNB) does not support
Solana (SOL) supports
USDC (USDC) does not support
Lido Staked Ether (STETH) does not support
XRP (XRP) does not support
Dogecoin (DOGE) does not support
Toncoin (TON) does not support
Cardano (ADA) does not support
Shiba Inu (SHIB) does not support
Avalanche (AVAX) does not support
TRON (TRX) does not support
Wrapped Bitcoin (WBTC) does not support
Bitcoin Cash (BCH) does not support
Polkadot (DOT) does not support
Chainlink (LINK) does not support
NEAR Protocol (NEAR) does not support
Polygon (MATIC)Paxful fees
Paxful charges a fee for 0.5% deposits.
Paxful deposit methods
- Bank transfer (ACH)
- Bank transfer
- Cryptocurrency
- Debit card
- PayPal
- Wire transfer
- Apple Pay
- Google Pay
How to sign up on Paxful exchange
Before you can even get started trading on Paxful, you have to go through the rigorous verification process (which usually involves providing proof of identification). This can take time. The reason for this is Paxful's commitment to certifications and compliance with regulations and insurers.
- Get started
After selecting the Get Started button, fill in the create account form. - Set up payment
Before you can start trading, you have to add your bank account to your Paxful account. There are several options to choose from, so choose the option most compatible. - Provide identification
Before you can make withdrawals and increase your transaction limits, you must submit proof of address and some additional identification. Use either a passport or a driver's license for this. - Start trading
After all that is processed, you're ready to trade on Paxful.
Using the Paxful app
The Paxful app is available for both Android and iOS operating systems.
Is Paxful safe?
Yes, Paxful is safe. Paxful is regulated in the United States as a Money Service Business with the United States Treasury Department’s Financial Crimes Enforcement Network (FinCEN).
You must complete a Know Your Customer (KYC) process to use Paxful. The brokerage’s Anti-Money Laundering (AML) policies and procedures are designed to deter illicit activity on the platform.
The platform’s escrow system is designed to protect buyers and sellers, and its crypto wallet is provided by BitGo, a platform that helps over 150 crypto brokerages and exchanges custody the assets stored on their platforms in cold storage. Paxful also offers 2-factor authentication (2FA).
Keeping your crypto secure
All centralised exchanges, including Paxful, are vulnerable to counterparty risks like hacking, theft and insolvency. Using a self-custodial or hardware wallet is widely accepted as the best way to improve the security of your funds. We've shared some of our top picks below.
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 9,000+ |
Supported assets 30,000+ |
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Price (USD) $149 |
Price (USD) $179 |
Price (USD) $49.99 |
See more of the best crypto wallets
Paxful customer support
Paxful offers email and 24/7 chat bot support.
How to reach Paxful customer support
- Live chat
- Telegram
Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.
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Gabrielle Finder
Publisher, Banking
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nikkiangco
February 20, 2020
Hi Codedtone,
Thanks for your comment and I hope you are doing well.
Currently, Paxful sets the minimum exchange amount to 0.001 to BTC. You can start buying or selling as small as 0.001 BTC in the peer-to-peer exchange. Note that BItcoin’s market prices changes frequently, thus you may need to check the market price of Bitcoin often. To begin using Paxful, you’ll need to create a free account and gain access to your free e-wallet. When you’re ready to buy bitcoin, simply enter the amount that you’d like to spend, choose your payment method and then select a seller. Once you’ve selected your seller, you can initiate a live chat with them.
This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering.
It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators’ websites before making any decision.
Hope this helps and feel free to reach out to us again for further assistance.
Best,
Nikki
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Clara
June 09, 2019
Can I sell my gift card here?
Jeni Finder
June 10, 2019
Hi Clara,
Thank you for getting in touch with Finder.
You may do that by simply making an offer on Paxful’s exchange to sell your Gift Card and wait for a Bitcoin seller to accept your offer for the price.
I hope this helps.
Thank you and have a wonderful day!
Cheers,
Jeni
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Lekan
March 15, 2019
Please I will like to know how to use my Apple pay to buy bitcoins from paxful..
Bella Finder
March 15, 2019
Hi Lekan,
Thanks for your inquiry.
Buying bitcoin is Paxful using Apple pay is simple and fast:
1. Create an account and instantly receive a free e-wallet from Paxful.
2. Enter how much you would like to spend, and choose your payment method.
3. Compare seller rates and choose a sender.
4. Initiate a live chat with that seller to agree on terms and complete your purchase.
I hope this helps!
Kind regards,
Bella
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Habeeb
December 17, 2018
How can I put my username….I just wanted to join..I have create my gmail ,the password, I have correct the captcha so am only having problem with username alone maybe you can sight an examples for me
nikkiangco
December 18, 2018
Hi Habeeb,
Thanks for getting in touch! A username and password is very private information that only you should know and access. Think of a name that is unique that no other person can predict therefor we cannot assign a sample for you. Hope this clarifies!
Best,
Nikki
Opeyemi
September 06, 2018
I want to create an account.
Jhezelyn Finder
September 06, 2018
Hello Opeyemi,
Thank you for your comment.
To create a Paxful account, just go to their website and click Create Account located on the upper right side of the screen. When you successfully create a Paxful account, you’ll automatically get a Free Bitcoin wallet.
Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.
Regards,
Jhezelyn
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Codedtone
February 20, 2020
How much do I need to start trading on Paxful