Paxful is a p2p service for instant exchange of Bitcoins in more than 353 ways through direct transactions with other participants in the system. The platform provides an opportunity to buy or sell Bitcoin (BTC) cryptocurrency. You can withdraw the received funds to a bank account in any country; via money transfer; electronic money PayPal, Advcash, Payeer, Yandex, Qiwi, etc.; exchange for iTunes, Amazon gift cards; exchange for many other cryptocurrencies; make purchases in stores (the latter option is still under development).
On April 4, 2023, Paxful stopped operations. Only cryptocurrency withdrawals from the wallet are available.
Continue reading: Ranking dos exchanges p2p para negociação em 2025 .
Essentially, Paxful is a community that already has over 800,000 users who have purchased a total of 480,000 Bitcoins. The service allows you to buy or sell cryptocurrencies from anywhere in the world and without intermediaries.
Others cryptocurrency exchanges and trading platforms: Binance , Bybit , OKX , EXMO , Bitmex .
Features that paxful.com offers :
- Buy (sell) BTC in real time.
- Make transactions secure – until successful completion of trading, Bitcoin is stored in a special secure account.
- Set your own path as a seller.
- Build a reputation. The higher your reputation and the more positive reviews you have, the more likely users will be to respond to your suggestions.
- Earn additional income from an affiliate program, whereby the inviter receives a portion of the commission from the invitee's transactions.
- Work with a portfolio free secure based on BitGo provider.
Basic information
| Name | Paxful |
|---|---|
| Official website | paxful.com |
| Services | exchange p2p , portfolio , mobile application |
| Year of foundation | 2014 |
| Country of registration | USA |
| Registration address | 3422 Old Capitol Trail PMB# 989, Wilmington DE 19808-6124 |
| Company name | Paxful Inc. |
| Brazilian language support | Yes |
| Working with decree | Yes |
| Fiat currencies | Everyone |
| Criptomoedas | Bitcoin |
| Payment options | Bank transfer, online wallets (e.g. PayPal , Skrill , Neteller , Advcash , Payeer , Perfect Money , Yandex.Money , Qiwi , etc.), cash, cryptocurrency wallets, gift cards |
| Transaction fees | For the buyer 0%, for the seller – depends on the payment method: bank transfers 0.1%, cards 1%, cryptocurrencies 1%, online wallets: 1%, cash 1%, gift cards for iTunes and Google Play 5%, for other gift cards 2% |
| Withdrawal fee | Fixed 0.0005 BTC |
| Transaction volume limit | Initially 1,500 USD, after confirmation of identity 10,000 USD, after confirmation of address, individual consideration of a request for an increase in limits is possible |
| Verification | Eat. Increases transaction limits and opens new payment methods. For some countries (Brazil, CPLP) that are under various sanctions, verification is required. |
| Security | Two-factor authentication, secure wallet, email and phone confirmation |
| Mobile App | Yes, for Android and iOS |
| Bots do telegram | No |
| Contacts | [email protected] |
| Social networks | https://www.facebook.com/paxful; https://twitter.com/paxful; https://www.reddit.com/r/paxful/; https://www.youtube.com/channel/UCa58WhEX8MfnZOpjjEJVdqA; https://www.youtube.com/channel/UCa58WhEX8MfnZOpjjEJVdqA |
| Review by cryptomais.com | 8 |
Register at paxful.com
To register on the Paxful exchange, click the “Create an account” button on the official paxful.com website.
Enter user data: email address, account name, password of at least 6 characters in upper and lower case letters, as well as numbers and special characters. Accept the service's terms of use, solve the captcha and click on “Create a free account on Paxful”.
Within a minute, an email will be sent to the specified address, confirm your email by clicking on the link in it.
To log in to your personal Paxful account, enter your registered email and password.
Personal account
To access your Paxful account, hover over your account name and select “My Profile”.
Basic information about the account is displayed here – active transactions, account creation date, reviews, verification.
To access the settings, you need to select the appropriate item in the same menu.
The settings have the following sections:
- Ask security questions. It is recommended to do this for additional protection of your Paxful account – so that you don’t lose access to it if, for example, your phone is lost. It is suggested to set three questions. Once you do this, the section disappears.
- General settings – setting and confirming a mobile number. Updating your profile picture. Adding information about yourself. Selecting the currency of the main account. Notification settings (on the website, via SMS, via e-mail). Setting the time zone.
- Security settings. Enabling 2FA. Changing password. Deleting an account.
- For developers. Obtaining API keys (available only after enabling 2FA).
- Verification. It consists of two stages – identity confirmation and address confirmation. Both of them increase the limits of trading operations, the first one to 10,000 USD, the second one on individual conditions, but only if the user makes operations of at least 10,000 USD per transaction.
Verification
Here are step-by-step tips to verify your identity on Paxful.
Go to the settings, to the “Verification” section. Enter all the necessary data – full name, date of birth. Indicate the country of issue and the type of identification document. Enter the document’s expiration date. Click “Start verification”.
On the next screen, choose whether you want to take a photo of your ID now or upload a file from your computer.
In any case, it is necessary that all important data (name, document number, photo, etc.) are clearly visible. If you are using an ID card or driver's license, take a photo of the other side as well.
The next step is facial verification. You need to activate the camera and look directly at it. Don't wear glasses or a hat in the photo and sit very close to the camera. Your face should have an oval frame.
If everything is in order, the photo and other data will be sent to the Paxful team for review. It only takes a few minutes to process the information, and you will be notified of the results. You cannot make more than ten verification attempts per day.
Working with wallet. Input, output
After registering on Paxful, the user receives their own BTC address . To top up your account, simply copy it and transfer funds from one Bitcoin wallet external address or send it to someone else so they can do it. If necessary, at any time you can generate a new address that will belong to the same wallet.
Bitcoin transactions do not occur instantly, but after three confirmations. The progress of receiving confirmations is displayed in the wallet. On average, a translation takes 20 minutes.
To withdraw money to a third-party address, you need to click the “Send Bitcoins” button in the wallet section of the website.
A window like this will appear.
Here you must indicate the desired withdrawal amount and the address to which the cryptocurrency will be transferred, as well as enter your account password (the latter is not required if 2FA is enabled).
Upon sending, the miner fee will be deducted from your Paxful wallet balance.
Mobile Wallet Paxful Wallet
Owners of Android and iOS devices can download the Paxful Bitcoin Wallet app to conduct Bitcoin transactions anytime, anywhere. The wallet is fully integrated with the Paxful platform.
Available options:
- Buy and sell Bitcoins through a peer-to-peer platform.
- Track your BTC balance in real time.
- View open transactions and monitor transaction status changes.
- Track the BTC exchange rate to popular fiat currencies.
- Send a QR code or your wallet address to other traders.
- Customize your wallet according to your preferences.
The Paxful Bitcoin Wallet can be downloaded from the App Store or Google Play Store to enjoy almost all of the platform's features.
Buying and selling Bitcoins through the Paxful platform
To buy or sell Bitcoin, visit the Paxful website and select “Buy” or “Sell” from the top menu.
In addition, in the form on the main page, you can immediately indicate the desired parameters of the transaction and click “View offers”.
You will see a list of currently available offers.
At the top of the page, use the filters to define the offer parameters:
- Convenient payment methods (the total number of options is more than three hundred).
- Currency used for purchase.
- The amount you plan to donate.
- Seller's location country.
Once you have everything listed, click “View Offers”. Each of them contains information about the profit amount, seller reputation or activity, and buy/sell limits. You can click on any counterparty’s name to go to their profile and get more detailed information, read reviews, see the registration date, etc.
If you have read the terms of the offer and are satisfied with them, click the “Buy”/“Sell” button. You will be taken to a trading page containing Tips and a chat window.
Accept the terms and conditions written by the seller. Then make the payment using the specified data, send the seller all the necessary files and documents and click the “Paid” button. If you do not do this, after a certain period of time the transaction will be canceled and the funds will be returned to the owner.
Nuances and tips:
- You can cancel the transaction at any time.
- After opening a transaction, the amount of Bitcoins in the account is recorded at the current rate at that time; if the exchange rate changes during the transaction, these changes will not affect the locked amount.
- The seller cannot cancel the transaction after the buyer has clicked “Paid”.
- If a counterparty violates the rules, you can complain about them or open a dispute, the details of which will be considered by Paxful arbitrators.
The funds received as a result of the transaction are sent to the internal Paxful wallet. Don't forget to leave positive or negative feedback to participants, this is very important for building your reputation.
Affiliate Program
Any user can share their affiliate link and earn 50% fee when making transactions by referrals, as well as another 10% fee when making transactions by level 2 referrals.
Income comes only when referrals buy Bitcoins. To also earn money by selling Bitcoins, you need to submit a request to Paxful support.
You can distribute the link through any of the advertising channels – websites, blogs, Yandex.Direct, Google Ads, Bing or Yahoo advertising, YouTube channels, mobile advertising networks and other financial or entertainment platforms. Thanks to the tracking ID, you can determine which channel performs best.
Of course, you can invite users from any city or country, but to get the best coverage, you should take into account the platform's usage statistics. At the moment, the best number of users is from the United States, with Africa and Asia considered the most promising destinations.
Advantages and Disadvantages
Pros
- Good reputation. Long service life, large number of users, positive reviews.
- Quick check in just a few minutes.
- Large selection of transaction payment methods (over 300).
- Availability of a mobile application.
- Two-tier affiliate program.
- Nice and easy to understand interface.
- Detailed help section, fully available in Brazilian.
- Compliance with US laws.
Contras
- The Paxful platform is focused only on working with Bitcoin, although you can make payments using altcoins.
- Some sellers charge excessively high margins on rare payment methods.
Conclusion
Paxful is a convenient and time-tested platform for buying or selling Bitcoin. If you are interested in other cryptocurrencies, you may want to look elsewhere. for p2p brokers , but if you want to work specifically with Bitcoin, then this platform is ideal. According to the developers, Paxful is in the midst of growth, which means we can expect expanded functionality and other improvements.