Paxful – marketplace for P2P cryptocurrency trading, platform overview

Paxful is perhaps one of the most interesting marketplaces available on the market in the field of peer-2-peer cryptocurrency trading, mainly bitcoin. For the convenience of all users, a full-featured functional and convenient cryptocurrency wallet is offered.

The history of the company begins in 2014, and entered the market in 2015. Company founders Ray Yousef and Arthur Shabak primarily focused on the African market, trying to create the most affordable and convenient way to quickly transfer money. For several years, the company has gained the trust of more than two million users, and the monthly turnover exceeds $ 200 million.

With the growth of the company, the number of services offered to customers has increased. Now with Paxful you can not only quickly and conveniently buy bitcoins using any of more than 300 payment methods, but also trade bitcoin in pairs with other cryptocurrencies and even fiat.

registration

Registering for Paxful is not a particularly complicated and lengthy procedure, as usual – the creation of an account begins with the name and mailbox, which will receive a confirmation letter. After that, perhaps the most difficult part of the whole procedure comes – you are asked to confirm the phone number in order to protect your account by activating two-factor authentication.

Actually, the registration procedure is over and you can get to work, however, there are some additional conditions.

This is now rare, but Paxful gives you access to all the functionality even without going through KYC, however, there are several restrictions depending on the amount:

• Amounts up to 1500 USD – verification is not required. Enough confirmation email and phone number;
• From $ 1,500 to $ 10,000 – you need to verify your identity with an identity document;
• Over $ 10,000 – proof of address required.

For large whales, operating with amounts from 100 thousand dollars, an additional check of financial activity is required, but all this on an individual basis.

Payment Methods

Perhaps the main trump card of the project is an incredibly wide range of choice of payment method. In addition to the usual Visa or MasterCard payment systems, there are many others. For Russian users, it will be most convenient to pay using Qiwi and Yandex.Money, but there are also much more exotic options:

• Gift Cards: from Steam to Adidas and AT&T;
• Payment systems PayPal, Stripe or Skrill;
• Cash;

You can see the full list of payment methods on the official website.

Trading at Paxful

There is nothing easier than buying and selling cryptocurrencies on Paxful, you can do it right after registration. To purchase on the main page of the site, you can choose a payment method, after which you will be offered a complete list of all available offers that meets your requirements. The cryptocurrency is being sold in approximately the same way, only in this case you need to choose from the list of buyers, not sellers.

As soon as there is a seller / buyer to your open transaction, information about him will be available to you, including his reputation and activity. Moreover, a closed and secure chat is created especially for the seller and the buyer.

For those who are not familiar with the process or could not figure out the “complex” structure of the site, a support service is available around the clock, which will tell and tell you everything.

The main advantages of the service

• The minimum commission. When buying a cryptocurrency, nothing is charged from the user, and when selling – from just 0.1%.
• Convenient Bitcoin wallet . When registering for Paxful, you automatically receive your own cryptocurrency wallet, which allows you to make transfers without restrictions.
• The great popularity of the project provides a constant influx of new deals, it will be much easier for you to find the best deal.
• High level of protection. Thanks to two-factor authentication, a rating system and constant analysis of transactions, the probability of being cheated is reduced to zero, and the crypto wallet itself is reliably protected from hackers.
• User friendly interface. Both the site and the mobile application are created taking into account the opinions of users, all functions can be found in just a few clicks.
• Affiliate program. For each user you invite, you get 50% of the commission from his transactions. There is also a second-level referral program, you will receive 10% of the commissions of partners of your partners. It is worth considering that the calculation of an affiliate program is always taken into account from a commission of 1%, regardless of the payment method chosen by your partner.

Publication date 09.24.2019
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