Quickly and easily buy and sell Bitcoin with this peer-to-peer marketplace.
While it’s more difficult to mine for Bitcoin these days, cryptocurrencies are gaining acceptance for even everyday purchases. Paxful helps to connect buyers and sellers to easily exchange Bitcoin, accepting more than 300 different payment methods. For businesses, Paxful provides a quick and easy way for online shoppers to pay using Bitcoin.
Gabrielle Pastorek is a staff writer at Finder, helping readers to round up the best deals, coupons, retailers, products and services to make sound financial decisions. She's written more than 800 articles on the site and is a quoted expert in Best Company and DealNews. She earned an MFA from the University of Pittsburgh, with essays and short stories published in The Collagist, Blue Monday Review, Blotterature and others. When she’s not writing, Gabrielle can be found out in the barn with her horse, Lucy.
Disclaimer: 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.
Supported fiat currencies:
DZD, XCD, ARS, AMD, AWG, AUD, AZN, BSD, BHD, BDT & 140+ more
What is Paxful?
Paxful is a peer-to-peer online marketplace that allows you to buy and sell Bitcoin with anyone in the world. One of the best things about Paxful is that it allows users to pay for their Bitcoin purchase using their choice of more than 300 payment methods. Options include gift cards and Apple Pay, as well as more traditional methods like your debit card, cash or online wallet.
Minimum transfers. $10 minimum, but may vary by seller.
Maximum transfers. Varies by seller.
Transfer methods. Credit or debit card, bank transfers, third-party transfers and 300+ other methods.
Transfer options. Delivery to Paxful e-wallet.
Delivery speed. Minutes or longer, depending on payment method and seller’s response.
Available currencies. 100+ currencies.
Fees. No fee for buyers; Fees vary for sellers.
Exchange rates. Bitcoin exchange rates fluctuate more dramatically than other currencies. Paxful updates its rates online.
Customer service. Email and 24/7 live chat support on the Paxful website.
As a buyer, you won’t pay a transfer fee. Sellers, however, pay a fee equal to 0.1% of the transaction amount.
A bigger cost you’ll need to pay attention to is the exchange rate. Bitcoin is a decentralized currency, but it’s still affected by government regulation and other market trends. On Paxful, sellers define their own prices at slightly higher than the exchange rate for the speed and convenience of its transfers.
Exchange rates also vary by the transfer service you choose. For example, if the mid-market rate is 1 USD = 1,049.20 BTC, Paxful might offer an exchange rate of 1 USD = 1,037.15 BTC. The seller will then decide how much more they want to charge, so be sure to compare sellers’ rates before initiating a transaction.
Paxful operates in more than 100 countries, giving you lots of options when it comes to currencies that you can trade for Bitcoin.
What types of transfer does Paxful support?
Because Bitcoin is a digital currency, all transfers are delivered into your Paxful e-wallet.
To buy Bitcoin, you can use one of more than 300 payments options that include:
Visit Paxful’s website to see a full list of payment methods that sellers can choose to accept.
Benefits and drawbacks
It’s easy to use. Both buyers and sellers enjoy a quick and simple process.
Hundreds of payment methods. Pay with cash, debit or credit cards, your bank account, gift cards, Apple Pay and more.
Speedy transfer deliveries. In most cases, your Bitcoin shows up in your e-wallet instantly.
Sellers choose the exchange rates they want to offer. Compare sellers’ rates before choosing the best deal for you.
How do I buy Bitcoin through Paxful?
Buying Bitcoin is a simple process with Paxful:
Create an account and instantly receive a free e-wallet from Paxful.
Enter how much you want to spend and choose your payment method.
Compare sellers’ rates and choose a sender.
Initiate a live chat with that seller to agree on terms and complete transfer.
Paxful can be a convenient option to help you buy and sell Bitcoin, but the value of Bitcoin can be somewhat volatile. Compare exchange rates, transfer speeds and fees with other Bitcoin exchange services like LocalBitcoins, CEX.IO and Cryptonit.
Frequently asked questions
Bitcoins are a cryptocurrency, so you won’t receive tangible money. Instead, this currency is kept in your Paxful e-wallet until you’re ready to spend it.
Maybe but, as we’ve already said, cryptocurrencies are volatile and risky. Some people are making money mining Bitcoin, but it’s much more difficult to turn a profit than it was in Bitcoin’s infancy. Paxful’s affiliate program may help you to earn money by sharing your unique link with anyone looking to buy Bitcoin.
Online businesses can add a “Pay with Paxful” button to their checkout system, which allows customers without bank accounts or credit cards to pay with the Bitcoin from their e-wallets instead.
Disclaimer: 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. Finder, or the author, may
have holdings in the cryptocurrencies discussed.
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