The fee amount depends on the cryptocurrency and the amount you’re sending. There’s no fee to receive cryptocurrency to a Paxful wallet. Those are all manageable issues if you want to use Paxful. But if you’re looking for something quick and easy, there are better crypto exchanges available. A quality exchange for peer-to-peer crypto trading, but most investors will likely prefer the convenience and ease of use offered by centralized exchanges.
If you want to invest in any cryptocurrencies outside of a few market leaders, you’ll need to go elsewhere. If you’re hoping to build a portfolio of different cryptos, Paxful’s selection won’t cut it. Even if you don’t mind sticking to Bitcoin and Ethereum for now, you may want more options later.
- It goes against our guidelines to offer incentives for reviews.
- Cryptocurrency is kept in Paxful’s escrow account during the trade.
- Vendor released usdt to my usdt address 15 minutes ago.
- I got an email from “Binance” requesting additional funds to be sent to a wallet account in order to “comply with regulations.” It’s claimed that David, my “Adviser,” managed my withdrawal.
- They quickly switched to talk on Whatsapp so Paxful does not have a…
Securities offered through Robinhood Financial LLC, a member of FINRA and SIPC and a wholly-owned subsidiary of Robinhood Markets, Inc. Cryptocurrency trading offered through Robinhood Crypto LLC. Robinhood Crypto and Publisher are not a members of FINRA or SIPC and cryptocurrencies are not stocks and your cryptocurrency investments are not protected by either FDIC or SIPC insurance. Lyle Daly is a personal finance writer who specializes in credit cards, travel rewards programs, and banking.
Its has been a nightmare being handled by those walnuts and taken over two months (TWO MONTHS) to change a measly email address from my hacked one to my current. This one may look like business but there are no businessmen to be found only crooked clowns with a third party kyc plugin. Just email and phone verification and ok to go.After i deposited 20$ there i suddenly was asked to complete kyc for selling my usdt.I dont want to pass kyc.
It is simple and reliable to trade it on…
Companies can ask for reviews via automatic invitations. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. I love the service, but disagree with the high Bitcoin withdrawal fees. There are many debates online whether Paxful is legit or not. In my personal opinion Paxful is legit, however there may be users on Paxful trying to scam you. This is true for every other P2P marketplace out there like eBay, LocalBitcoins and OpenBazar.
This vendor is so fast in business, he is good
Vendor released usdt to my usdt address 15 minutes ago. It is a trust system for everybody around the world. Paxful can you explain to your potential customer’s this risk I purchased bitcoins first purchase for me in JULY it stated clearly can send up to 1000 before verification no ifs ands or buts well I… Those traders many are scammers…Without sending asking us to mark as paid and sending fake screenshots. I deposited USDT to the paxful wallet without any restrictions.
First, make sure you’re getting a decent exchange rate. Depending on your payment method, the exchange rate can sometimes reach 2x of the “official” price of Bitcoin that can be found on traditional exchanges. Paxful deals with the buying and selling of Bitcoin only. Since the money is sent directly to the sellers, the site itself doesn’t hold fiat currencies for users. No matter how you want to buy crypto, it’s probably an option on Paxful.
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But then to withdraw them I needed verification, which I couldn’t proceed due to lack of required documents. I wrote to the support asking for return, but they just ignored everything talking only about verification and that I couldn’t trade without it. Paxful also provides an escrow service for all Bitcoin transactions.
Some sellers are Thief hacking the app…
The exchange offers over 350 unique payment methods, from traditional options to digital currencies. We do our best to keep on top of all the latest developments. However, please be aware that the fast-paced nature of the cryptocurrency world means there may be shifts in fees, specific services, and the numbers of available cryptos.
As a crypto investor, make sure you understand how the SEC cases and proposed regulatory changes could impact your portfolio. Information regarding a business’s commitment to promoting ethical trade throughout their supply chain will be shown here, if applicable. Learn everything you need to know about Bitcoin in just 7 paxful bitcoin review days. Paxful has a relatively extensive FAQ, although I found it to be somewhat outdated. Some pages were just missing when I clicked their link and there was even a high Bitcoin mining fee warning that wasn’t updated since March 2017. The limited selection on Paxful is one of its biggest drawbacks as a crypto exchange.
If you want to buy or sell one of those cryptos, you can check out offers people have posted — or post one of your own. On every trade, Paxful keeps the cryptocurrency in an escrow account. After the seller confirms that they’ve received the payment, Paxful releases the crypto funds to the buyer. It goes against our guidelines to offer incentives for reviews.
Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team. To add an extra layer of protection to accounts, Paxful offers two-factor authentication (2FA). When you enable this feature, the exchange will require that you provide a password and a code sent to your mobile phone to access your account. This prevents hackers from getting into your account, even if they have your password. It’s also prohibited from offering Tether trading to users in Texas.
If you’ve used eBay, it’s the same concept and style. You could jump right in and start searching for crypto offers fairly quickly. The design on peer-to-peer crypto exchanges can be hit or miss. Some of them have very basic layouts and clunky interfaces. Gain trust and grow your business with customer reviews.
Each seller decides on the price they’re willing to accept. Sometimes you’ll find crypto prices on Paxful that are competitive with what other major exchanges offer, but other times, they’ll be more expensive. I have tried to purchase some bitcoin, however the vendor wasn’t able to release BTC due to system maintenance. Paxful shady support got involved, started demanding me additional payments (after I have already paid 320 Eur they asked for another 300???) and nothing is sorted out for a matter of days at the moment. One Scammer holds my usdt but customer support takes more than 48 hours to resolve the disputes. I bought $500 CAD Walmart Gift card and when I but btc the btc seller redeem and said $0.00 and put to dispute and he won.Paxful literally encourage to scammer.Full of scammer on the site please stay away.
Hi Fasteddy1995,
Thank you for bringing this to our attention. We understand you wanted to be informed about the status of your reported trade with the trade ID tdkm8Xasfak, and we’re here to clarify this for you. To ensure the safety and integrity of our platform, we’ve banned the reported user. This user immediately withdrew their funds from Paxful, so we are unable to award the cryptocurrency to you.
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