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Is Paxful a scam? –

We also ensure all reviews are published without moderation. Companies can ask for reviews via automatic invitations. Labeled Verified, they’re about genuine experiences. & I contacted Razer on that day itself but they replied me today that they can’t refund and they Gave me timeframe that when card is used. And iam stunned, Because card is used right after i gave it to Buyer, and he used it and scammed.

paxful review

For more information on the latter, check out our Gemini review page. Couldn’t find my address on my document for a week and denied verification. After 2 letters directly to support, they checked again and found the…

Click on the following link to activate your welcome bonus and trade the first €1.000 for free at Bitvavo. The fees at this exchange consist of deposit fees, service fees and withdrawal fees. Buy and sell bitcoin for fiat privately and securely using Bisq’s peer-to-peer network and open-source desktop software. No need to wait for approval from a central authority. Someone sells you a gift card but the card is already redeemed. Avoid headaches by only doing business with well-established accounts.

How to Use Paxful Safely

It recently instituted security deposits to increase the security of trades. The platform also offers an escrow feature designed to help protect assets until the transaction is complete. The best part about the Paxful wallet app is that you can sell bitcoin with them even if it does not belong to you at all.

Once you’re fully verified, you can continue trading without fear. For example, if Sam refuses to M-Pesa you, the bitcoins will be returned to your account so you won’t lose a dime. People love Paxful since it is secure and easy to use. It has a beautiful interface and makes it easy for you to choose a vendor. If you choose vendors wisely, you can get excellent rates. This website is using a security service to protect itself from online attacks.

paxful review

The platform provides a direct exchange where buyers and sellers of cryptocurrencies can meet and transact with each other directly. Different sellers, however, may charge fees or a premium, depending on your payment method as I’ve stated before. Yes, based on Paxful reviews, buying Bitcoin on the Paxful platform is safe and secure. The platform is known for keeping funds safe, abiding by anti-money laundering and KYC standards.

You can also buy directly with cash or with gift cards that you own, which up to this point is unheard of. Either way the platform aims to make buying Bitcoin simple and extremely accessible for its users by giving members several options. The fees charged by the platform are really attractive for the new buyers of bitcoin. Buyers do not pay anything to the website for its services that are being offered to its users.

How to Open an Account

The Escrow service does everything in its power to keep scammers away from the wallets. However, buyers should always trade within the platform. If any seller wants to trade outside, the buyer should not take the risk, and any damage or theft will not be a part of Paxful’s responsibility. To conclude this Paxful review, we can say that choosing a peer-to-peer cryptocurrency exchange requires compromises.

Go to the dashboard again and click Buy Bitcoin and the quantity you wish to buy. Select a preferred method and the currency from the website. Note that Paxful has the authority and right to delete a client’s account with a single withdrawal or cancel an entire trade.

Paxful is an online marketplace which allows buyers and seller to meet online and trade bitcoins. Unlike most bitcoin exchanges, that match buyers and sellers in an automated process, Paxful allows users to communicate directly. Its sellers offer a wide variety of payment options and the built in escrow makes the process secure. Similar to LocalBitcoins, Paxful allows a wide range of payment methods and buying options which can’t be found on traditional exchanges.

  • To be on the safe side, pay attention to the seller’s reputation.
  • Paxful has a consumer rating of 1.72 stars from 29 reviews indicating that most customers are generally dissatisfied with their purchases.
  • The platform connects you to other people, who are looking to buy or sell cryptocurrency.
  • Since it is a P2P exchange, you need to be vigilant .
  • This system allows users to rate their experience with each other during a trade.

The highest trade limit offered on Paxful is $50,000 per trade with an unlimited lifetime trade limit, but for this, users need to verify on level 4. After choosing a verified seller, buyers will enter the crypto amount they want to spend. The funds directly go to Paxful Escrow which ultimately, the sellers receive once they provide the digital currencies to their respective buyers.

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It is a very place to exchange your coin or card. Founded in 2015 with offices in multiple cities around the world and over 200 employees, Paxful aims to be the “Uber” of the Bitcoin community. Paxful enables individuals to become merchants and sell Bitcoin online, similar to how eBay allows people to sell merchandise. Though Paxful is available to several major countries, the platform has made certain exceptions.

If that’s you, don’t worry, this guide will make it easy for you. In order to sign up, you need to provide a phone number and email address and create a password. Once you’ve completed this step, you have access to your free wallet. Next, you need to go through a verification process.

It is not an offer to buy or sell any security, product, service or investment. The Paxful forum is full of scam accusations against other users. Someone also posted a thread on Bitcointalk, warning aboutthe modus operandi of those scammers. Paxful has solid security measures paxful review in place to safeguard the Bitcoins in your wallet and they also partnered with BitGo in order to secure its hot wallet by using multi-sig. Level 4 – Level 3 requirements + enhanced due diligence. Since April , ID verification is mandatory for all US citizens.

Sometimes buyers do not execute the trade within the timeframe. If this is the case, then all that happens is that the seller gets their Bitcoin returned to their wallet. LocalCryptos is a non-custodial peer-to-peer marketplace allowing you to buy bitcoin and ether with any payment method.

Fast and easy-to-use trading services in one integrated platform. We pride ourselves on providing excellent customer service. In short, if you want Bitcoins, you can trade tokens you already have in and receive BTC in return.

paxful review

The more positive reviews a seller has the better the chances of being a genuine vendor. This platform is mainly created for new or inexperienced cryptocurrency investors to trade crypto easily and safely. It offers the simplest user interface that is not offered by any other cryptocurrency exchange or broker available on the market. This exchange primarily charges one fee, being the “service fee”. The service fee is paid by the seller and amounts to 1.00%. This is higher than the ordinary trading fees for regular exchanges being around 0.25%.

There are no fees on Paxful for buying cryptocurrency. Next day, PAXFUL reviewed the trade again and this time they awarded BTC payment to me. After negative feedback he was instantly blocked by Paxful and all assets on his account. Next day, I received a confirmation receipt of it with an advisory note to top up with $3000 worth of bitcoins in order to upgrade to Premium Membership. I did that and again they asked me to deposit $840 of bitcoins because of bitcoin price fluctuations.

Paxful operates in more than 100 countries all around the world, giving you many options when it comes to currencies that you can trade for Bitcoin. Bitcoin is a digital currency, so all transactions are delivered into your Paxful e-wallet. Every important feature is clearly labeled, so there’s no confusion regarding how to get started, whether you want to purchase Bitcoins or sell them.

When using Paxful, you need to be aware of common scams and check people’s reputation before trading with them. Those are things you don’t need to worry about on crypto exchanges that process trades for you. Some people like peer-to-peer crypto trading more than buying through one of the big centralized exchanges. We should note, however, that peer-to-peer trading platforms also tend to attract more scammers. At this point, the seller can’t cancel the trade and it is secure to pay for the Bitcoins.

You can use cash and gift cards to buy BTC anonymously. In other words, Paxful provides a place where Bitcoin buyers and sellers meet and transact. Additionally, because you are trading with the exchange and not peer-to-peer, Coinbase is more liquid. There are also more crypto choices available on Coinbase. In addition to a referral program, Coinbase also offers a way to earn crypto rewards and earn through staking.

On the other hand, there’s a very easy to use chat box for all relevant support requests. Support representatives either answer immediately or reply later via email. The virtual kiosk is basically Paxful’s affiliate program, allowing people to spread the word about Paxful while generating a 2% revenue from any amount bought. If you’re hoping to build a portfolio of different cryptos, Paxful’s selection won’t cut it.

Paxful Review

This crypto marketplace connects buyers and sellers, and it lets them choose from hundreds of payment methods. Best of all, there’s no fee for buying crypto on Paxful. On the other hand, the selection is limited, and you do need to watch out for scams. Read our Paxful review to decide if you should sign up.

How does Buying Work on

People love just how smooth it is to transact on the platform. Some can’t stop singing about how much they valued the rates they received from awesome Paxful vendors. Before writing this Paxful review, I first used it for a while and loved the experience.

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