Paxful is a peer-to-peer bitcoin marketplace that connects buyers with sellers. You can choose your preferred payment method (like PayPal or Amazon Gift Cards), then buy bitcoins.
What Is Paxful?
Paxful, found online at Paxful.com, is a peer-to-peer bitcoin exchange that lets you buy bitcoin using unconventional methods – like PayPal or Amazon Gift Cards. You visit the website, decide how much bitcoin you want to buy, then choose your desired payment method.
Paxful offers over 300 different ways to pay for bitcoin. Some of the most popular methods include Amazon Gift Card, PayPal, Western Union, and Walmart Gift Cards. Paxful also offers credit and debit card purchases.
In some cases, ID is required (like for PayPal and debit/credit cards). When using payments like Amazon Gift cards, however, the transaction is private.
So far, Paxful claims to have traded over 40,000 bitcoins. They claim to have 55,000+ happy customers.
Paxful is registered in Wilmington, Delaware, but appears to be based in New York City. The company is led by CEO Ray Yousef.
How Does Paxful Work?
Paxful makes it easy to purchase bitcoin directly from other people. You sign up for the website, then purchase bitcoin right away. You can pay sellers directly from your personal accounts.
If this is your first time buying bitcoin, then Paxful can walk you through the entire process. Once you start a trade, an experienced seller will guide you through the process in a one-on-one live chat.
Additionally, Paxful protects buyers by verifying and checking sellers for your safety. Other security features include two factor authentication, high level encryption, and professionally audited security.
After signing up with Paxful, you can browse through a selection of offers. Someone might be selling a $100 Amazon gift card in exchange for bitcoin, for example. If you use Amazon, then you can take that offer.
There are over 300 different payment methods in total, including all of the following:
Gift card bitcoin transfers are instant and private. You can buy a gift card with cash in the real world (you’ll need to save the receipt), then exchange it online through Paxful.com for bitcoin. Some of the supported gift cards include OneVanilla, VISA/MasterCard gift cards, and gift cards from Amazon, Target, GameStop, BestBuy, Walmart, and others.
Paxful offers the best prices on cash deposits. Transactions are private and can be completed in less than one hour. You don’t need to enter ID or bank account information. Just walk over to your closest branch and deposit cash to the teller. Upload the receipt, then you’ll have access to bitcoin in less than one hour.
Cash deposit methods include Western Union, MoneyGram, Bank of America, Wells Fargo, COOP Credit Unions, TD Bank, SEPA, and national bank transfers.
You can conduct an online transfer for bitcoin without leaving the house. Some of the popular online transfer options include PayPal, Serve to Serve transfers, Skrill, NetSpend, PerfectMoney, OkPay, Paxum, and other popular online wallets. ID is required for some of these services.
Debit And Credit Cards:
ID is required for debit and credit card transfers. You’ll need to upload your ID and pay a slight premium to the bitcoin seller. Paxful accepts VISA, MasterCard, or American Express debit and credit cards.
Here are some of the features available with Paxful:
- Buy Bitcoin Online: Paxful lets you buy bitcoin from other people in real-time. Trading happens online via live chat.
- Sell Bitcoin: Paxful vendors “can earn six figures from the comfort of their home and many do.”
- Trade with Secure Escrow: Bitcoin will be released to the wallet after payment is made and verified by the seller.
- Build your Reputation: Paxful has built a feedback and reputation system based on the advice “of the very best traders in the space”.
- Get a Free Wallet: Paxful has a simple online wallet where “you can’t make a mistake”.
- Earn Passive Income: Paxful has an affiliate program where you can earn passive income by referring people to the platform through your link. Paxful has a “Bitcoin Virtual Kiosk” program, where you can setup a virtual kiosk on your website, then earn a cut of the transactions people make through that kiosk. You can add a “Buy Bitcoin” button to your site, then reap 2% of every purchase made through that button.
Paxful describes itself as a combination between PayPal and Uber to create the “people’s Wall Street”. The company is led by CEO and Co-Founder Ray Yousef, a serial entrepreneur based in New York.
Other key members of the team include Artur (CTO and Co-Founder), Ivan (Director of IT), Andrei (Head Web Developer), and Alex (Lead Systems Admin).
Paxful is headquartered in Wilmington, DE at the following address:
3422 Old Capitol Trail PMB#989
Wilmington, DE 19808
That address doesn’t appear to be a real company headquarters. Instead, it’s the address for a Delaware business incorporation organization. Paxful appears to have purchased virtual office space from that company. So the address looks real – but it doesn’t correspond to a real company headquarters.
That’s not unusual for a company. Paxful appears to be registered in Delaware, but does business out of New York City.
Regardless of the address situation, Paxful can be reached by email at firstname.lastname@example.org. You can also contact the company by phone at 1 (865) 272-9385.
Paxful is a bitcoin trading platform that makes it easy to buy bitcoins easily using a surprisingly diverse range of payment methods – including everything from Western Union transfers to Amazon Gift Cards and PayPal. You can choose to verify your identity (say, if you’re using debit or credit cards). Or, you can keep your identity private.
If you want to purchase bitcoins in an easy and potentially anonymous way, then Paxful is available online today at Paxful.com. You can browse through offers to find a bitcoin purchase or sales offer that works for you.