FAXFUL the online trading platform

The best bitcoin exchange reviews – PAXFUL

The PAXFUL is a bitcoin online exchange platform for buyers and sellers, providing a peer-to-peer trading system to global users with over 300 payment methods. The PAXFUL is different from the Coinbase, on the Coinbase, users are buying and selling bitcoins on the Coinbase exchange, on the PAXFUL, users are trading bitcoins with people directly. The PAXFUL also provides an online bitcoin wallet for users. It was founded in summer of 2015. The company is based in 3422 Old Capitol Trails, Wilmington, Delaware.

PAXFUL – Pros and Cons

Pros

  • Over 300 payment methods to trade bitcoins: Any type of gift card, cash deposit, online transfer and debit/ credit card.
  • An escrow secure service: Protect buyers and sellers from fraudulent activities. In the trade progress, seller’s bitcoins will be put in an escrow, once both of buyer and sellers confirm the deal completed, money will be released to seller and bitcoins will be released to buyer.
  • Moderator judgment: When there is an argument in trade progress, moderators will involve and investigate the argument, after both of buyer and seller provided appropriate evidence, moderators will decide which one has the right to receive the bitcoins.
  • Buyers won’t be charged fees from bitcoin trade on PAXFUL exchange platform.
  • Users transferring bitcoins from PAXFUL’s wallet to outside wallet will be charged 1% fee of a number of bitcoins.
  • Support service: Live chat, email(help@paxful.com)

Cons

  • Sellers will be charged 1% amount of bitcoins per trade.
  • Sellers don’t have a right to cancel an offer.
  • Buyers have to provide information or receipts of assets to sellers for verification.

What tips should I take care of

The PAXFUL provides a platform and lets people trade each other conveniently. Before you start a trade on the PAXFUL, there are some tips for you.

  • Confirm the currency you would like to use with
  • Confirm the payment method you would like to trade with
  • The recent trading day of the seller closing the present is better
  • The reputation rate of the seller getting higher is better
  • Make sure that seller is present before uploading documents and making payments
  • Read and follow the instructions which sellers specified.
  • Do not accept different price from the offer during a trade.
  • After you paid, don’t accept any requirement from the seller for cancelling the recent trade. Make sure you click “I have paid”.
  • If you have any concerns during a trade, wait for the “dispute option” to become available and don’t cancel the trade.

How do I purchase bitcoins on the PAXFUL

Purchasing bitcoins on the PAXFUL is quite easy, please follow the simple instructions.

PAXFUL Trading Platform

  • Visit PAXFUL
  • Choose the currency you would like to trade with
  • Create an account
  • Select a payment method
  • Select an offer
  • Confirm the offer
  • Trade
  • If you had any question, click blue “Message Icon” in the bottom right corner and chat with the support team.

If you wanted more details on how to set a high-security account and to trade bitcoins on PAXFUL, there are 3 tutorials for you.

Understand the Account, Verification and Bitcoin Wallet

Improve the account security

Trade bitcoins on PAXFUL

Conclusion – My Opinion of PAXFUL

There are 3 reasons of why I promote PAXFUL to advanced users:

  • There are many payment methods trading bitcoins.
  • You’ll be able to decide which seller or price you would like to trade with.
  • PAXFUL provides the escrow, moderators and the live chat to help buyers for argument management.

The PAXFUL provides many ways to protect buyers and to keep away fraudulent activities. I hope that you’ll have the best trade experiences with my suggestions on the PAXFUL.

If you have any question about the PAXFUL, please feel free to leave a comment below, I will be happy to help you.

Eli Hsu

16 comments

  1. Eli great article! I have a coin base wallet and truth be told I never really felt secure with it. There are many stories about coinbase shutting down account or pulling out of a Country leaving users high and dry.

    Once I had an issue with my account and sent a support ticket and no one ever got back. It actually took a few attempts and they sent me a canned response which was unhelpful to say the least.

    Sounds to me like Paxful might be the way to go..

    Thanks again
    -Mike

    1. Hi Mike,
      I am glad that you found a way to trade bitcoins from my article.
      The PAXFUL has improved services of security and support for preventing fraudulent activities.
      Before you start a trade, don’t forget reading my article and securing your computer system and the PAXFUL account.
      Have a nice day.

  2. Great Post!
    I started with coinbase and bought my bitcoin on there! however i started using the gdax account to buy and sell! This seems to be better than both of those platforms and very safe. Definitely going to check out PAXFUL!

    Thanks
    Jon

    1. Hi Jon,
      I am glad to have your comment.
      Before you start trading bitcoin on PAXFUL, please read my tips.
      These tips are useful for you.
      I hope that you visit my website permanently.
      Thank you.

  3. Hi Eli, these cryptocurrencies trading have caught my attention recently especially with the crazy rally that it has done just within this year. However, I do not fully understand it yet. I am very much familiar with trading currencies, stocks and options but this cryptocurrency stuff boggles my mind.

    Perhaps, if I may suggest, if you don’t mind putting up a sort of bitcoin or cryptocurrency 101 type of guide for those of us interested in getting into this crypto market. That would help us understand it better.

    Thanks for your post! Will definitely follow your posts.

    Cheers!

    1. Hi Mark.
      Thank you for your great comment.
      I know that people would like to understand more about Bitcoin.
      I made a Bitcoin introduction.
      If you had any question, please feel free to discuss with me.
      Have a nice day.

  4. I have been thinking about getting into bitcoin, but have never taken the plunge yet because I do not know much about the exchanges. With bitcoin’s appealing qualities such as independence and decentralization, it is a safe investment these days. Government monetary systems just cannot compete.

    I have a question though. What safety mechanisms, if any, does Paxful have in place? Thank you for sharing and directing me to this exchange. I appreciate it.

    1. Hi Alex,
      PAXFUL has three safety mechanisms for preventing fraudulent activities.
      1. An escrow secure service: Protect buyers and sellers from fraudulent activities. In the trade progress, seller’s bitcoins will be put in an escrow, once both of buyer and sellers confirm the deal completed, money will be released to seller and bitcoins will be released to buyer.
      2. Moderator judgment: When there is an argument in trade progress, moderators will involve and investigate the argument, after both of buyer and seller provided appropriate evidence, moderators will decide which one has the right to receive the bitcoins.
      3. A live chat system, if you were concerning your trading, you will be able to discuss your question with the online support team.

  5. Thanks for walking us through how to use these systems step by step. I’ve been interested in currency exchange especially after reading about the continuing growth of bitcoin, and I feel more confident in how to approach it after this review.

    1. It’s my pleasure to share the information with you.
      Finding a trusted exchange platform is a hard work.
      Especially the irrecoverable characteristic of the Bitcoin, I would like to find a convenient, hight-secure and reliable exchange platform for people.
      I hope that you will have a good experience on trading Bitcoin in PAXFUL.
      Have a nice day.

  6. Thank you for all the useful information. I have a better understanding of exchanging bitcoins now, but seems there is much more I need to learn. I will have to bookmark this site to gain more knowledge. I feel it is all too complicated, but you made it easier to understand.

  7. Hey Eli, thanks for a great article and explaining how the platform works in such detail. I have to be honest I didn’t even know about it. I definitely look into it since I am also with coinbase and yeah too much has happened which doesn’t leave you feeling comfortable with your money.
    Thanks again

    1. Hi, Hendrik,
      Thank you for your positive opinion.
      Many people have used the PAXFUL platform to make money.
      If you are interested in making with Bitcoin, you should try the PAXFUL.
      On the PAXFUL platform, you will find a comfortable way and make money.
      Have a nice day.

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