What is Paxful?

Paxful is an online marketplace which allows buyers and seller to run across online and merchandise Bitcoins. Similar to LocalBitcoins or Remitano, Paxful allows a broad range of payment methods and buying options which can not be establish on traditional exchanges.

Co-Founder Artur Schaback, COO of Paxful and Co-Founder Ray Youssef, CEO of Paxful

In 2014, Ray Youssef and Artur Schaback founded EasyBitz which was then renamed to Paxful. They had one goal in mind when they created it: to make bitcoin easier for everyone from businesses to merchants.

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 trade.

While nigh exchanges suffer from geographic restrictions or limited payment methods, Paxful is free of both, giving the ability for trading Bitcoins back to the people and allowing for a more decentralized trading market place.

What Is Paxful Trading Account

A Paxful Trading Account is an account you open in the Paxful Exchange platform that allows you lot to buy and sell cryptocurrency. Information technology also allows you lot to use diverse gift cards to exchange bitcoin with ease.

Some other important of the Paxful Account is that information technology as well serves equally a bitcoin wallet that allows you lot to store bitcoin. You tin can sell these bitcoins for greenbacks or exchange them for gift cards.

How to register on Paxful

To register a new Paxful account:

i. Open up a web browser and launch the Paxful webpage: https://www.paxful.com.

ii. Click “Create account” on the meridian right corner of the main page.

The Create an account page appears.

3. Complete the following fields on the signup grade:

Field Proper name	Clarification	Comments
E-mail	Enter your email accost.	Electronic mail can be changed only within the get-go seven days and only in case of a typo.
Password	Create a stiff countersign.	Your new password must : Be at least six characters long Have 1 lower case character Have ane special character (@#* etc.) Accept ane number Have one capital character

Annotation:

Referral code:
GzYvAzvNbdA
(yous can get 10% committee).

Complete your captcha verification.
An activation electronic mail is sent to your e-mail address.
Go to your inbox, open the email from [email protected] and click Confirm Email.

Alternatively, follow the process described in Electronic mail verification to confirm your email.

Your account is registered and your email is confirmed.

2-Gene-Authentication (2FA)

Ii Factor Authentication is an extra layer of security that requires non only a countersign and username but also something which but the user can access such as an SMS to their telephone or Google Authenticator. Information technology is a security procedure in which the user provides two different authentication factors to verify themselves to better protect both the user’s credentials and the resource the user can access.

In example of unauthorized admission to an email account and it was used to reset your Paxful password, with 2-Factor Authentication (2FA), it becomes easier to add together another layer of security. If you have 2FA enabled only y’all will be able to have access to your funds and release trades, that is if yous set 2FA for Login, Withdraw and Release.

Google has slap-up article regarding this at https://support.google.com/accounts/reply/185839

How to do KYC on Paxful

How to buy Bitcoin on Paxful?

Footstep 1: Setting upwardly search requirements

ane. Log in to your Paxful account and click Buy Bitcoin.

The Buy bitcoin page appears.

2. Click Show All or Any payment method field and select your preferred payment method to purchase bitcoin on the dialog box that appears.
Alternatively, click VIEW OFFERS FOR ALL PAYMENT OPTIONS to encounter the listing of all payment methods available.

three. Click Whatsoever currency and select your currency from the listing. Enter the amount you desire to trade in the Amount field.
Y’all tin can exit the Amount field empty if you do non have whatsoever specific amount in mind.

4. Select your country from the Location listing.

five. Click SEARCH FOR OFFERS. The offer list is updated according to your search requirements.

Stride 2: Finding an offering

1. Browse through the list of offers.
The list begins with offers that have:

Sellers with the best rating and reputation.
Sellers who are the virtually active on the platform and are ready for instant trade.
The near assisting discounts or margin.

Check the tags and labels for additional information nigh an offer. When yous notice an offer you like, click Buy.

The Offer folio appears.

Study all details of the offering such as:

Buying limits — is the offered amount neither too low nor also high?
Seller’s charge per unit — does it look profitable for you?
Time limit — volition you manage to execute the payment within this timeframe?
Offer terms — is the seller requesting additional documents or having specific requests as role of the trade procedure?

Enter the amount you lot are fix to trade in the Fiat currency field or BTC field. Click Buy NOW.
You tin can click Take a Bout to receive a walk-through of the procedure in case you have any questions or doubts.

Step 3: Trading

1. Discuss the necessary details with your partner using our merchandise conversation and follow their instructions carefully.

ii. Make the payment.
Subsequently making the payment, click Paid.

The Confirmation dialog box appears.
3. Click Yes, I have followed all the instructions above.

The seller releases BTC from the trade escrow to your Paxful wallet. The trade is completed successfully.

How to sell Bitcoin on Paxful?

Pace 1: Setting upwardly search requirements

ane. Log in to your Paxful account and click Sell Bitcoin.

The Sell bitcoin page appears.

2. Click Prove All or Whatsoever payment method field and select your preferred payment method to sell bitcoin on the dialog box that appears.

Alternatively, click VIEW OFFERS FOR ALL PAYMENT OPTIONS to see the list of all payment methods bachelor.

3. Click Any currency and select your currency from the list. Enter the amount you desire to trade in the Amount field.

Yous tin leave the Corporeality field empty if you do not take whatsoever specific corporeality in mind.

4. Select your country from the Location list.

5. Click SEARCH FOR OFFERS. The offer list is updated according to your search requirements.

Footstep 2: Finding an offer

ane. Scan through the list of offers.

The listing begins with offers that have:

Buyers with the all-time rating and reputation.
Buyers who are the most active on the platform and are ready for instant merchandise.
The most assisting discounts or margin.

Check the tags and labels for additional information about an offer. When yous find an offering you lot like, click Sell.

Report all details of the offering such every bit:

Selling limits — is the offered amount neither likewise low nor too loftier?
Buyer’southward rate — does it look profitable for yous?
Offering terms — is the buyer requesting additional documents or having specific requests as function of the trade process?
Paxful fee— this fee depends on the payment method yous choose.

ii. Enter the corporeality you are gear up to trade in the Fiat currency field or BTC field. Click SELL Now.

iii. In a dialog box that appears, click I understand the adventure, proceed to sell bitcoin.

4. A new circumspection dialog box appears. Ostend reading the alert past clicking I accept carefully read this alarm and accept the risk.

Step 3: Trading

1. Discuss the necessary details with your partner using our trade chat and follow their instructions carefully.

2. Once your trade partner has fabricated the payment, click Release bitcoin.

Double-check if the corporeality sent to you is right. Confirm sending BTC to the buyer by clicking Release bitcoin in a dialog box that appears.

Annotation:

Only the buyer tin cancel the trade.
In example of whatever trouble or disagreement, click Dispute to invite our moderators to investigate the case.
You can click Study a problem to file a written report.
If the trade expires, yous can reopen it by clicking Reopen escrow.

You lot release BTC from the trade escrow to buyer’southward Paxful wallet. The trade is completed successfully.

Decision

In determination, making money is possible through bitcoin, simply it is nowhere well-nigh existence like shooting fish in a barrel. To brand a lot of coin, every motion you brand in the crypto-world has to be very strategic and well monitored. Before starting your investments, in that location are a lot of things you need to acquire and consider. Every day, more than and more people of different demographics are getting into the world of cryptocurrencies, and who knows if that will raise or stunt the value of bitcoin. Crypto-trading is spreading effectually the world, and I guess we’ll but have to come across where it goes from hither.

Read more:

What Is Remitano? How To Register On Remitano? How To Buy And Sell Bitcoin On Remitano?
What Is LocalBitcoins? How To Annals On LocalBitcoins? How To Buy And Sell Bitcoin On LocalBitcoins?

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