Are you looking for a safe and secure peer-to-peer crypto trading platform with escrow features and 350+ payment methods? Then look no more. Let me introduce you to Paxful, a crypto-exchanging platform. It is more likely a crypto marketplace, where buyers and sellers make crypto transactions without any intermediaries. So, in this article, let’s explore what is Paxful and what features make it a reliable crypto-exchanging platform…
What Is Paxful?
Paxful is a peer-to-peer crypto exchange platform that allows users to buy, sell, or trade crypto assets without any third-party interference. The platform offers 300 payment methods and a P2P system to eliminate all limitations. Users can transfer assets anytime, anywhere.
Ray Youssef and Artur Achaback created the EasyBitz website in 2014; later, it was renamed Paxful in 2015. The headquarters is located in New York and has multiple offices around the world, including the Philippines, Estonia, and Hong Kong. Currently, the platform has over 4.8 million users. It also offers different tools to analyze the blockchain and keep an eye on any suspicious activities to detect any potential threats.
How To Use Paxful?
If you want to use this peer-to-peer trading platform, then follow this step-by-step guide below. Remember to check all terms and conditions carefully before starting trading or making any transactions on this crypto exchange and trading platform.
Step 1.
First, open the internet browser and search for and enter this URL https://paxful.com/pcm. You can also download the app via Play Store and App Store.
Step 2.
Once the website opens up, click on the “Register” button at the top left corner. Then complete the Paxful sign in process. Enter our phone number or email ID and enter a password, then click on the “Create Account” button. After verifying your account, you can now use this service.
Step 3.
Once you have completed the Paxful login process, create a wallet to make the transaction in a secure environment. Then go back to the home page and select between “Sell” and “Buy.”
Step 4.
Now select your crypto asset type by opening the drop menu. Then select your crypto, such as Bitcoin, Tether, USD coin, etc.
Step 5.
After that, select your payment method or receiving method. To select the payment method, click on the “Show All” button in the payment method section.
Then select your preferred payment method. You can also search for other payment or receiving methods. This crypto-exchanging platform has 350 banking options.
Step 6.
Next, select the amount and change the currency. Remember, the minimum transaction limit is 10 USD. Once you have completed these things, click on the “Find Offers” button. Now select the offer location and the owner location.
You can also use tags like ‘invoices are accepted’, ‘no third party’, ‘no verification needed’, ‘photo ID required,’ ‘receipt required,’ ‘verified PayPal only,’ etc., to get a perfect match.
Step 7.
Now scroll down and see the list of available offers. If you like an offer and want to trade, then click on “Buy” or “Sell” and complete the transaction process. Make sure to check the ratings and other details before accepting an offer.
Features Of Paxful
There are many types of crypto trading platforms available on the internet. However, this P2P trading platform has some unique features that make it stand out from the rest of the platforms. Have a look at these features, which make it a reliable option to trade and get offers on buying and selling crypto.
- Zero Fee On Buying Crypto
This crypto exchange platform doesn’t charge any additional fees for purchasing crypto assets. When a seller wants to sell their crypto, they pay a small fee, depending on their banking method. Usually, it costs between 0.5% and 1%. If the seller uses the gift card method, then it costs 3% to 5%.
- Variety Of Payment Methods
The biggest flex of this P2P platform is its 350+ payment methods, which allow users to select their preferred payment method. Besides the standard payment methods such as bank transfers, UPI apps, and crypto wallets, Paxful offers you gift card and invoice options to choose from.
- Cutting Edge Technology
The interface is very smooth. It also has a mobile app for both Android and iOS. The process of transitioning and finding buy or sell offers is very smooth due to the sleek UI design. The servers are also fast, which makes it a very user-friendly platform to exchange crypto.
- Security And Support
Paxful wallet is secured with a $100 million free insurance policy. It also offers a 2FA verification process and has vault-level security. The transaction process comes with end-to-end encryption without any third-party interference.
If you face some issues or spot suspicious activity, then you can raise a complaint with its 24/7 customer service. Live chat, phone calls, and email support are available to build trust among the users.
Is It A Legit Platform?
If you are still wondering about its legitimacy, then let me tell you that it also provides an escrow service to enhance security. Here are the pros and cons of Paxful to determine whether it is a legit P2P crypto exchange platform or not.
| Pros | Cons |
| More than 350 payment methods | The regulation certificates are not clear |
| Multiple security measures, including 2FA and Biometric | Some platforms offer a cheaper exchange rate |
| Fixed fee (Only for sellers. Buyers don’t need to pay any fees.) | Multiple seller scams reported |
| User-friendly UI | |
| Mobile app available | |
| Affiliate Program | |
| Escrow Service | |
| Easy and fast P2P transaction |
Paxful Reviews
According to online Paxful reviews, it is not a scam; you just have to be careful while making a trade. However, the platform always verifies before the trading process but some sellers scam people by applying fraudulent tools. Here are some online reviews:
Image source: https://www.trustpilot.com/review/paxful.com
CONCLUSION: Is It Safe To Use?
In the end, Paxful is a safe-to-use crypto trading and exchanging platform with lots of security and useful features. The online site and app offer a seamless experience and quick service. According to users, customer support is also friendly and professional. If you have any other questions regarding this article, feel free to ask me in the comment section. Also, read these articles below to learn more about crypto and trading…
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