Hot to use paxful to buy bitcoin

It is not a recommendation to trade. Where do my bitcoins go once I buy them? However, Paxful takes steps to mitigate these issues, and Paxful has a good dispute resolution system in place.

How buying works on Paxful?

It became widely known in that same year after they helped sex workers to accept Bitcoin as payment system after Visa and Mastercard stopped lending their services to Backpage. The only exception and jurisdiction where they cannot operate is the state of New York as they do not have the required BitLicense. Setting up an account on the site is easy and can be done in two ways: automatically, after providing an e-mail not yet registered in their database during ht checkout in a buying process or, by filling directly the registration form available on bitocin website. Besides clicking the confirmation link sent to the registered email, users are also asked to set two security questions. Users can alternatively verify their mobile phone number and activate SMS notifications. While they can opt for being hot to use paxful to buy bitcoin of a broad range of activity related to their account via email, only alerts about critical movements are sent via SMS. Notifications sent via email are not encrypted and they even send passwords as plain text.

Buy and sell bitcoin from anywhere in the world with Paxful.

Since you never go to Starbucks, the money is just sitting there. This exchange is a bit like LocalBitcoins. All you have to do is find a seller whose terms are agreeable to you. Then, reach out and make the transaction happen. Additionally, there have been mixed reviews among the cash-for-bitcoin crowd at places like Reddit and BitcoinTalk.

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Since you never go to Starbucks, the money is just sitting. This exchange is a bit like LocalBitcoins. All you bifcoin to do is find a seller whose terms are agreeable to you. Then, reach out and make the transaction happen. Additionally, there have been mixed reviews among the cash-for-bitcoin crowd at places like Reddit and BitcoinTalk. Some folks have been scammed, losing their cash to fraudulent sellers.

These victims are understandably angry. It means that seller is untrustworthy. The key, as with anything involving money and other people, is to use caution. The short answer is that by all accounts Paxful is a legit bitcoin exchange that competes with P2P bitcoin marketplaces like LocalBitcoins.

Create your account fast or just browse the BTC for sale offers. This email will contain a short FAQ section, along with a number of important links. One of those links is for the purpose of confirming your email address. As I noted above, you have over options for funding your Paxful bitcoin purchases.

On your account dashboard, these options are separated into four main categories:. Select an offer to see full details and feedback on the seller. Once your payment is confirmed, your bitcoins are released to you. This might happen instantly or it can take up to a few hours. It depends on your chosen payment method. Remember, if you have any significant amount of bitcoin get yourself a quality hardware wallet Trezor. Two-factor authentication helps. Second, you can use this wallet to store your hot to use paxful to buy bitcoin, send them, or receive.

All you have to do to receive them is provide the sender with your wallet QR code or bitcoin address. Having said that, there are much better wallets out. They offer stronger security and more features, and are therefore paxfkl for long-term storage. Here are several good options:. Any of the above go do the job, and do it. I recommend choosing one from the above list to serve as your main wallet. Or you can send them elsewhere, such as another wallet e.

BreadWallet or a retailer that accepts bitcoins for payment e. Paxful allows you to withdraw in either bitcoins or U. It charges no fees for withdrawals. This fee, given to miners on the blockchain, is currently set at 0. Nearly all sellers are receptive to U. The pickings are slimmer if you live in Russia or China. This prevents their offers from being shown to folks residing in those countries.

Every important feature is clearly labeled. Paxful has solid security measures in place to safeguard the bitcoins in your wallet. These include SMS verification, 2-factor authentication, security questions, and heavily-encrypted servers.

A talented, motivated hacker can still potentially get into your account. This is the reason I recommend using an off-site wallet for long-term storage of your bitcoins. Paxful also has a review system, similar to ones used at eBay and Amazon. You can tell, at a glance, how many transactions a seller has completed, as well as the number of positive and negative comments left by.

Beware of those who have received a lot of negative feedback. There are a number of ways to get in touch with someone at Paxful. The first, and arguably best, approach is to email the company at help paxful.

Expect a response within a couple hours. You can also use the chat function. The problem with chat is that it can take a long time to get a reply. That means you may have to sit around waiting for help. My advice is to reach out via email and describe your question or problem is precise. Another option is to call Paxful on the phone. Their number is As you might imagine, this tactic is more effective during regular business hours.

Finally, you can reach Paxful through their Facebook page. Overall, Paxful is a great service. Plus, you can purchase bitcoins using any of over payment methods. In my opinion, there are three challenges with buying bitcoins through Paxful. First, there seems to be a high number of dubious sellers on the site. You can avoid them by only purchasing bitcoins from reputable sellers nuy ones with a lot of positive feedback. Nothing you read here should be taken as a solicitation to purchase anything or investment advice.

We do not offer professional legal advice, tax advice or investment advice. We stand behind the Consumer Review Fairness Act ofmeaning we are not responsible for user published reviews and comments on this site.

We are affiliated ue some of the products and services found on this website with absolutely no cost ho you and often a benefit to you. You can learn more about us and how that works if you want to know. Our team is made up of experienced researches, writers and publishers and we strive to post honest, legit and current BTC exchange focused information. If you want to learn more bitcojn or get in touch we would love to hear from you. Jump Menu.

Check Now. Fee Schedule Rotate device for. Deposit Method. All major ppaxful Virtually Everywhere. Paxful accepts over forms of payment. They are the best bitcoin exchange for amazon gift cards and all gift cards for that matter. Nuy You Trust Paxful. Is Paxful Legit?

Paxful is a relatively young service, having launched in So, caution is warranted. I want to pay with Amazon Gift Cards. Available virtually. Frequently Asked Questions Do you buy directly from Paxful? No, Paxful is not a broker but a P2P exchange. You are buying from individual buuy. Paxful acts as a security blanket escrow to make hot to use paxful to buy bitcoin both you and the seller are protected in the transaction. No and yes — it depends on how you buy and who you buy it.

Gift cards can be anonymous but credit cards and debit cards require ID in most cases. Some sellers require more ID than. You can see which sellers require ID and which do not by scrolling through the existing offers.

Final Thoughts On Paxful. Third, some of the sellers charge usurious fees, particularly when it comes to gift cards. Type of Exchange. Highlighted Features. Best exchange for gift cards to bitcoin. Private and no ID required offers. Use worldwide. Additional Information.

Company Name. User Ratings. If you have experience with this exchange please leave a rating.

How selling works on Paxful?

Hi Horlayinka, Thank you for reaching out to Finder. Hhot account on Wirex. Quick Links. Hi Ayobami, Thank you for leaving a question. Paxful is a peer-to-peer online marketplace for bitcoin, an increasingly popular digital currency that you can store in a free e-wallet available to you on registration. Performance is unpredictable and past performance is no guarantee of future performance. This will give you a good idea of how credible the seller is. Hope this helps! Optional, only if you want us to follow up with you. Paxful, meanwhile, accepts pretty much .