Paxful P2P Cryptocurrency Marketplace
- Buy bitcoin online
- Sell bitcoin
- Trade with secure escrow
- Get a free wallet
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.
| Product Name | Paxful P2P Cryptocurrency Marketplace |
|---|---|
| Fiat Currencies | AUD, USD, EUR, GBP, CAD, CNY & 50+ more |
| Cryptocurrencies | BTC |
| Deposit Methods |
Cash Credit card Cryptocurrency Debit card Flexepin iDEAL Neosurf Neteller PayPal Perfect Money SWIFT Western Union |
| Trading Fee |
Buyer: None
Seller: 1% |
| Deposit Fees | None |
| Withdrawal Fees | None |
Pros
- Easily and quickly buy and sell bitcoin online.
- Accepts hundreds of payments that include cash and cards
- Buyers pay no transaction fees, while sellers pay 1%.
- Offers the potential for extra cash as Pay with Paxful affiliate.
Cons
- Exchange rates vary by seller — sometimes wildly.
- Sellers set maximum and minimum amounts.
- Delivery speeds depend largely on a seller's response time.
- Potential for scammers, so you must be vigilant.
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.
Details
- 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; 1% of transaction 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.
How much will I pay with Paxful?
As a buyer, you won’t pay a transfer fee. Sellers, however, pay a fee equal to 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.
Available countries
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:
- Bank transfers
- Cash deposits
- Debit or credit cards
- Gift cards
- E-wallet balances
- PayPal
- Money transfer services like Western Union and MoneyGram
Visit Paxful’s website to see a full list of payment methods that sellers can choose to accept.
Benefits and drawbacks
Benefits
- 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.
- No buyer fee. Though Paxful does charge sellers a 1% fee on the transaction.
Drawbacks
- 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.
Bottom line
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
Image source: Paxful
Please I will like to know how to use my Apple pay to buy bitcoins from paxful..
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
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
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
I want to create an account.
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
can I buy ripple on paxful.com?
Hi Steve,
Thank you for reaching out to us.
Please be advised that Paxful is an online marketplace that allows you to buy and sell bitcoin to anyone in the world. If you want to purchase Ripple, you may purchase Bitcoins in Paxful first then use it to purchase Ripple in the exchanges available at this page.
I hope this helps.
Let us know if there is anything else that we may assist you with.
Cheers,
Ash