Each buyer and seller has a feedback rating which ensures a strong and safe community. Paxful vs. LocalBitcoins Paxful’s main rival is unquestionably LocalBitcoins, a comparable market that has been around since 2012. © 2023 Lithium Gold Ventures, LLC. The majority of negative reviews about Paxful on Trustpilot are to do with unverfied users from the US and the EU having their funds “stuck” on Paxful, due to not understanding they had to offer complete recognition to withdraw. How does Paxful work? The trading volume limit is up to $1,500. Archived post. Trading Forex & CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. ", Avoiding scam on Paxful is certainly a problem that requires to be considered (more on that later on in this post). "image": "https://mlitbglwlifo.i.optimole.com/cb:MQlg.103c8/w:auto/h:auto/q:mauto/f:avif/id:0759fa4d2bcfd68049d3e5e926e4bd07/https://www.smartbitcoininvestments.com/Paxful-Logo.png", Before you can start selling on Paxful you must first top up your account with some bitcoins. Although Bitcoin is the main cryptocurrency supported it is also possible to trade for the following cryptoassets on Paxful: Bitcoin Cash, Ethereum, Litecoin, Dash, Bitcoin Gold, Ethereum Classic, Dogecoin, Ripple, Zcash, Cardano, Tron, Electroneum, Verge, Icon, Raiblocks, Augur, Siacoin, Bitshares, Dentacoin, Digibyte, EOS, Tether, and many others. If you want to purchase bitcoins quickly and painlessly, Paxful simplifies the process. Click the trade where you got the chargeback and you will see the trade page. }, ", If you're American, you can buy bitcoin with 1 click using Coinbase. Thanks for watching guys How Do I File a Dispute on Paxful? | Paxful University The key is finding a buyer or seller who is willing to work with your needs and requirements. Paxful Review Summary Paxful brings users the ability to buy Bitcoins with nearly any conceivable payment method. Sharing contact information or communicating outside the Paxful trade chat is prohibited. Moreover, Paxful users have the ability to create vendor accounts to sell gift cards, prepaid cards and more for bitcoin and vice-versa. "@type": "Question", Bank Transfers 2. Opened trade to buy USDT for 7000 sek. You will need their email address as a bitcoin address cannot be tracked for identity. Escrow protects sellers from fraudulent buyers by requiring the bitcoin to be deposited up front and released only if the terms of the sale have been met. } The Paxful Bitcoin Wallet can also be found on both iOS and Android mobile platforms. "@type": "Answer", You should never cancel if you have made a payment unless the refund is issued and received. You are able to withdraw bitcoin from your Paxful Bitcoin Wallet as soon as it reaches $10 USD. Paxful is a peer-to-peer cryptocurrency exchange and digital wallet company. Paxful currently supports Google Authenticator, Authy and SMS based Two-Factor Authentication. Paxful on Twitter: "What payment methods are you using to buy and sell ... These charges do not go to Paxful however to Bitcoin miners. Scan this QR code to download the app now. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. You can find my personal Paxful profile and trade with me here if you want. Buy Fully Verified Paxful Accounts : u/Paxful-Is-Back - Reddit Level 4– Level 3 requirements + boosted due diligence. Top Paxful Alternatives - Websites Similar To Paxful (2023) - CoinSutra Online wallet services are preserved by BitGo. Make sure you agree with the rates and that you read the terms before you begin the trade. "text": "You can get in touch with Paxful customer support through a variety of methods. Paxful also has an affiliate program for those who want to build another stream of income. There are over 300+ payment methods to choose from and customers have the ability to buy and sell bitcoin through a multitude of channels. While Coinbase can feel limited in terms of payment options available, Paxful offers a far superior selection of payment options. The company is disrupting the financial services industry by offering a brand new way to transact money into digital form. So literally every trade attempt needs to time out? In order to begin trading bitcoin on the Paxful marketplace, you will need to get familiar with the user interface. } In its simplest form, the trading process can be broken down into three main steps: Creating an account - Look for a Bitcoin trading platform that matches your trading style. Check out our community guidelines below. Step 3: This will take you to a page where you can select how much bitcoin you want to buy (in dollars) and how you want to pay. Comparable to LocalBitcoins, Paxful allows a wide range of payment methods and buying alternatives which can't be discovered on standard exchanges. In this post I'll review the company and its services. Escrow protects buyers from sellers who refuse to release coins after sending payment. The sign-up and verification process is smooth and thorough. You can't even trust sellers with 100% feedback. Join the leading peer-to-peer platform, Paxful to buy and sell Bitcoin using 350+ payment methods with 10 million people just like you. } What is leveraged trading? I have been trading bitcoin on localbitcoins for a while but have not traded on paxful before. The escrow system makes the platform safe for all buyers and sellers. Each user can see their current balance, make a deposit and withdraw from their wallet at any time. Requires ID verification. Please check Paxful's latest information and campaign on Paxful's company introduction page. Step 5: On the next screen enter the full value of the gift card. Comparable to LocalBitcoins, Paxful allows a wide range of payment methods and purchasing options which can’t be discovered on conventional exchanges. "text": "Disputes should be started in any of the following cases: The user experience is exceptionally user-friendly. This becomes a 5% fee for iTunes and Google Play gift cards; and 2% for every other type of gift card. Paxful on Twitter: "It has been a *BUSY* seven days @paxful • Gift ... "@type": "Answer", },{ "publisher": {"@type": "Organization", "name": "Smart Bitcoin Investments"} We encourage questions, comments, and discussions. How Bitcoins are mined? },{ "name": "What Is Paxful? How do you cancel a trade? : r/paxful - Reddit HF Markets offers the social platform for all live accout holders. This is a horrible "update". Minimum limitations for BTC deals use. All information on Hercules is only published for general information purposes. Paxful is available for most countries while LocalBitcoins includes every country in the world. IFC Markets Your Lucky Tesla (Tesla Cybertruck) Promotion. You will need to create an account if you haven't already. It takes a total of 3 confirmations for the funds to be credited to your wallet. Many unfavorable evaluations about Paxful on Trustpilot are to do with unverfied users from the United States and the EU having their funds “stuck” on Paxful, due to not knowing they had to provide full identification to withdraw. February 08, 2023 03:51 Blockchain transactions are irreversible. Best Add a Comment nardo711 • 3 yr. ago I just got scammed today. "offers": { Paxful also offers an excellent alternative for buyers, given that sometimes conventional exchanges just don’t cut it. Your capital is at risk. 1. Paxful Bitcoin Wallet When you buy bitcoin it automatically goes into your Paxful Bitcoin Wallet, which is free. Unfortunately, Paxful has no control over them and cannot cancel or reverse transactions. Supported nations Paxful is available worldwide except for the following nations: Burundi, Central African Republic Sanctions, Cuba, Crimea region, Iran, Iraq, Lebanon, Libya, North Korea, Republic of Congo, Somalia, South Sudan-related Sanctions, Sudan and Darfur, Syria, Yemen 7. Overall, I recommend Paxful as a strong option for all audiences who are just getting started with bitcoin. Company Facts: Paxful is the world's largest Peer-to-Peer Marketplace having over 2 million users and is a simple way to exchange your leftover money for Bitcoin. Reddit, Inc. © 2023. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Requires additional verifications such as EDD (Enhanced Due Diligence) or CDD (Customer Due Diligence). Here’s what you can do to fix this: Ray ID: 7d303846c8d39bee • Your IP: 51.195.89.71. "@type": "Product", The offer will be auto-cancelled and the Bitcoin will be returned to the seller’s wallet if the purchaser stops working to do that in the given time frame. From here you will be able to view your current balance and/or deposit into your Paxful Bitcoin Wallet using your personal bitcoin address. Increases trading volume limits, provides access to additional trading methods such as Bank Transfer. The information regarding to Paxful on the website 'Hercules.Finance' maybe outdated. Paxful | Bitcoin Wallet - Apps on Google Play Users from countries on this list require levels 1 and 2 to sell crypto, convert crypto, and withdraw any funds from their Paxful Wallet. Moreover, Paxful users have the ability to create vendor accounts to sell gift cards, prepaid cards and more for bitcoin and vice-versa. Same as they are using an UNVERIFIED PP account and probably hopping between multiple accounts, they probably do the same on Paxful. It is necessary to create offers to buy bitcoins. "acceptedAnswer": { Let's say you are located within the United States and want to redeem a $25 iTunes Gift Card for bitcoin: Step 1: Go to the Paxful home page. Paxful currently supports Google Authenticator, Authy and SMS based Two-Factor Authentication. When you make a selection click ‘Buy’. You can buy bitcoin on Paxful, however, Coinbase offers a much larger selection of cryptocurrencies. Its users likewise cover the world, with active Paxful traders discovered everywhere from Pakistan and Malaysia to the UAE, India, Zimbabwe and Indonesia. If you wish to speak with a live representative there is also a chat feature which can be used to access a Paxful team member at any time. "@type": "Answer", In this video, I'll show you How To Be a Successful Trader on Paxful in 2020Get Your First Bitcoin Here Paxful:https://paxful.com/?r=zGMkybbRwQWJoin us ♦Telegram:https://t.me/thecryptosecretsocietyEnroll with Crypto University Courses Now: https://cryptouniversity.co.zaFollow me on Twitter: http://bit.ly/2uoX6h7 Instagram: http://bit.ly/36v84zO Recommended Ledger Wallet. It is due to the characteristic of Bitcoin market, and it is also the same for the following situations. Typically, when a seller asks you to cancel the trade, it is usually a sign of a scam. That’s why I wanted to point out some resources that may assist you resolve any issues when buying Bitcoins through Paxful: It’s much better to utilize Paxful’s recommended sellers as they have much better credibility and therefore are usually not scammers. Affiliates earn 50% of Tier 1 escrow fees and 10% of Tier 2 escrow fees. If you are a banking customer of GreenDot, Simple or Chime you will feel right at home using their app as a payment method. Do not launch the Bitcoin from escrow for “Pending”, or any other similar status. The fees on Paxful are almost non-existent, while Coinbase fees range from 1.49% to 3.99%. Paxful is also a popular marketplace for advanced bitcoin sellers. Banned countries: Burundi, Central African Republic Sanctions, Cuba, Crimea region, Iran, Iraq, Lebanon, Libya, North Korea, Somalia, South Sudan-related Sanctions, Sudan and Darfur, Syria, Yemen. Before making any purchase decision with an exchange always ensure to investigate the reputation of management, venture capital investors and regulatory approvals. { The Paxful servers are well-guarded up to the highest banking specifications, so there should be no downtime." Reddit, Inc. © 2023. The seller was in Venezuela (wouldn't do that again!). Make sure you are logged in. [deleted] • 4 yr. ago About 2 hours [deleted] • 4 yr. ago You can only cancel a trader if you are buying something. If you want to buy bitcoin using Paxful then you can follow this step-by-step guide to get started right away. Once you have uploaded the pictures be sure to click on the ‘Paid’ button. a refund contact the merchant you sent the bitcoins to. "text": "When compared to other exchanges that only allow you buy directly from them, Paxful has a escrow system which secures the buying and selling process for traders. Paxful Charges If you’re buying Bitcoins on Paxful, you will not have to pay any cost to the site itself. "@type": "Answer", You have over 300+ payment options at your perusal. The fees on Paxful are almost non-existent, however, merchants set their own prices, while Coinbase fees range from 1.49% to 3.99%. Increases trading volume limits, provides access to additional trading methods such as Bank Transfer. Never ever carry out interactions outside of Paxful and make sure everything is recorded within the system, so moderators will be able to help you in case of a dispute. Paxful is the world’s largest Peer-to-Peer Marketplace with over 2 million users and is a simple way to exchange money for bitcoin. With over 300+ payment methods, customers have the ability to buy bitcoin through a multitude of channels including the typical bank transfer or bank wire. Once a buyer finds a seller and the offer is accepted by the seller, the Bitcoin are automatically moved from the vendor's wallet to escrow. "reviewBody": "The Complete Guide To The Paxful Instant Cryptocurrency Exchange What Is Paxful? 1 7 comments Best Add a Comment Martha_Paxful • 4 yr. ago How long have you been in a trade with this user? Scan this QR code to download the app now. As an additional measure, buyers can upload proof of payment for Paxful moderators to have them release bitcoin to their wallet." } 3. We encourage questions, comments, and discussions. "acceptedAnswer": { The trading volume limit is up to $1,500. For each offer, you are able to view each vendor’s feedback rating, limits and price that you will pay. The Paxful affiliate program is a great way to earn bitcoin by referring other users to trade on the marketplace. The minimum trade amount on Paxful. Privacy Policy. Building a financial system for the 100%, one #Bitcoin at a time. That’s it! No other digital currencies are offered to acquire. All rights reserved. The process is secure with an escrow system and makes Paxful one of the premier Bitcoin exchanges online." Pros Peer-to-peer crypto trading No fee for buying crypto Wide variety of payment methods Sleek design Reputation system Cons Small cryptocurrency selection Risk of scams Trading can be difficult. While whatever appears quite cool there are still some things you’ll require to watch out for like how to avoid scams and get a decent currency exchange rate (see details on both listed below). It is recommended that you do not store your bitcoins in the Paxful Bitcoin Wallet for the long-term and instead consider moving them into a more secure cloud, smartphone or hardware wallet such the KeepKey. Can we please get a cancel trade button for sellers. Our review will cover how to open a Paxful wallet, the account login procedure, minimum deposit requirements, sending out fees, and more. "name": "How Can I Contact Paxful Customer Support? Paxful Costs If you’re buying Bitcoins on Paxful, you will not have to pay any charge to the website itself. Will I make profits by mining? Comparable to LocalBitcoins, Paxful enables a wide variety of payment techniques and buying alternatives which can’t be found on traditional exchanges. The Paxful servers are well-guarded up to the highest banking specifications, so there should be no downtime. With more than 30 partnered companies all over the world, Hercules.Finance offers trusted and timely information for Investors and Users of the services. Our evaluation will cover how to open a Paxful wallet, the account login procedure, minimum deposit requirements, sending fees, and more. The scammer is this user: https://paxful.com/user/Eileen_Precious. The company is disrupting the financial services industry by offering a brand new way for merchants to become their own exchange. How can I own Bitcoin in a physical form of money? Paxful remains as one of the largest Bitcoin exchanges online today with an ever-growing number of payment methods for users of all types.
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