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Founded in 2015 with workplaces in multiple cities worldwide (HQ remains in the United States) and over 200 employees, Paxful intends to be the “Uber” of the Bitcoin community. Paxful makes it possible for people to become merchants and sell Bitcoin online, similar to how eBay permits people to sell product. Paxful also offers a fantastic option for purchasers, because in some cases standard exchanges just do not cut it. While many exchanges experience geographic restrictions or limited payment techniques, Paxful is without both, giving the power for trading Bitcoins back to the people and enabling a more decentralized trading market. Paxful likewise offers a payment processing service for sites, which allows merchants to more easily accept a wide variety of payment methods. 2. Paxful Services Paxful provides their market service in two kinds: On their website via an easy to use form Via a “virtual kiosk link” that anyone or site owner can use. The virtual kiosk is basically Paxful’s affiliate program, enabling people to spread the word about Paxful while creating a 2% profits from any amount bought. Paxful also offers “Pay with Paxful”, a payment processing function which can be added to websites. This allows merchants to accept any one of Paxful’s 300+ payment options by means of a Paxful widget on their site. How to Purchase Bitcoins on Paxful Select the amount of Bitcoins you want to buy Choose the currency you want the exchange rate to be in Select a payment approach (there are dozens) Select a seller and click “Trade” Follow directions for payment and click “Mark as paid” Await the seller to launch the Bitcoins
Currencies and Payment Methods Paxful deals with the purchasing and selling of Bitcoin only. Paxful Costs If you’re purchasing Bitcoins on Paxful, you won’t have to pay any fee to the site itself. These costs do not go to Paxful however to Bitcoin miners. Paxful New York Office
A lot of negative reviews about Paxful on Trustpilot are to do with unverfied users from the United States and the EU having their funds “stuck” on Paxful, due to not knowing they had to supply full identification to withdraw. Aside from those 2 common problems, the Paxful experience appears to be really smooth and satisfying for many users. Paxful vs. LocalBitcoins Paxful’s primary competitor is undoubtedly LocalBitcoins, a comparable market that has been around since 2012.
Is Paxful legal in India?
That’s why I desired to point out some resources that may help you fix any concerns when purchasing Bitcoins through Paxful: It’s much better to utilize Paxful’s recommended sellers as they have better track record and therefore are typically not scammers. Never carry out communications outside of Paxful and make sure whatever is recorded within the system, so mediators will be able to assist you in case of a dispute. Do not release the Bitcoin from escrow for “Pending”, or any other similar status. Paxful New York Office