Paxful Review brokerchoices.com/broker-reviews/paxful-review
Visit broker open account
General Overview Paxful is a nascent bitcoin exchange platform that has aspirations to become the Uber of cryptocurrency. Although a medium-sized business, Paxful is comprised of extremely enterprising individuals who strive to render a simple and secure platform for bitcoin trading. If you are looking to buy or sell bitcoins, Paxful has developed a smartphone application that can be downloaded on your Android or Apple devices. We will share an unbiased review where we consider the essential information about the platform so our readers can determine if Paxful is worth their effort. Of course, it is imperative to note that profit and loss are a basic aspect of trading currencies, crypto or otherwise and traders should exercise due diligence when buying or selling bitcoins.
Background Paxful is an online marketplace where buyers and sellers can exchange bitcoin. The firm allows users to become merchants of bitcoins and provides a wide variety of services related to the cryptocurrency. Founded as recently as 2015, the firm’s head office is located in Delaware, United States. Paxful employ more than a hundred people worldwide, many of whom work in offices they have established in New York, as well as Hong Kong, Estonia (Tallinn) and the Philippines (Manila). Address: 3422 Old Capitol Trail, PMB 989, 19808, Wilmington, Delaware, United States Email: help@paxful.com
Regulation and Security When it comes to authorization, Paxful is not regulated by a governing body as of yet. It must also be noted the legality of trading bitcoin depends on where you reside. There are no definitive laws and nothing is set in stone. Therefore, bitcoin’s legal status varies from one location to another. For instance, some countries require bitcoin traders to comply with AML/KYC regulations. The abbreviations represent Anti-Money 1/2
Laundering and Know Your Customer respectively. Since the FinTech (Financial Technology) industry has witnessed rapid growth in recent years, these are the best practices put into place. It is best to check locally what the appropriate way to trade bitcoins is. The only guarantee Paxful guarantees is a secure trading environment.
Training and Education Paxful does not provide users with a demo account. This means that trial and error is not possible and traders must create a live account. Fortunately, unlike the vast majority of cryptocurrency providers, Paxful boasts round the clock customer support via email and phone call. In case of queries, simply call their delightful team for more information. They have also created an extensive FAQ page that contains a plethora of details about the platform. These are some of the reasons Paxful enjoys favorable reviews from customers.
Products Paxful renders comprehensive options for bitcoin traders. They operate in all major countries and the only minor exceptions are contentious regions in Asia and Africa. With nearly a million bitcoins being traded, more than eight hundred thousand loyal customers and over twelve thousand offers on the table, Paxful has grown significantly in a few short years. Moreover, Paxful renders all major currencies including USD, GBP, Euro, and AUD. These can be deposited through cash, credit or debit cards, cryptocurrency, PayPal, Western Union, and many other outlets. Users do not incur deposit or withdrawal fees and as for the trading fee, buyers are not charged while sellers have to pay 0.1%.
Overall Impression Realistically speaking, the only downside of using Paxful is that they only trade bitcoins. Otherwise, the platform boasts an interface that is quite user-friendly, they have wonderful customer support and offer the most number of choices when it comes to payment methods. In addition, fees charged are virtually negligible, which is a huge advantage for traders. It only increases once you are trading exorbitant amounts. Paxful is also very secure, with two-factor authentication and escrow service for transactions as well. All in all, if you’re looking to trade bitcoins, Paxful is our recommendation! Visit broker
2/2