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KEY FEATURES

Key features of Paxful include:

300 Ways to Pay: Paxful accepts 300+ different payment methods, ranging from Amazon gift cards to SWIFT bank transfers. If a seller is willing to accept a payment method, then you'll be able to buy bitcoin through Paxful with that payment method.

Local Payment Methods: Some exchanges only allow bank transfers from US or EU-based users. Paxful, however, accepts payment methods catered to your local area. Want to buy bitcoin using a Canadian INTERAC e-Transfer? You can do that with Paxful.

Good International Support: Some of Paxful's biggest marketplaces are located in regions traditionally underserved by other exchanges. There are thousands of bitcoin buyers and sellers on Paxful in Nigeria, China, India, Russia, and other countries, for example.

Limited KYC and AML Requirements: Paxful's level one verification allows you to buy and sell up to $1,500 of bitcoin with just an email and phone number verification. If you want to buy a small amount of bitcoin anonymously, then Paxful lets you do that.

No Limits After KYC and AML Verification: You can complete level two or three verification by uploading your ID and address, raising your limit to $10,000. If you pass level four verification, however, then there are no limits whatsoever.

Available Worldwide Except for Sanctioned Countries: Most exchanges have strict requirements governing which countries can make trades on the exchange. Paxful, however, is available everywhere in the world except for certain sanctioned countries, including Burundi, Central African Republic, Cuba, Crimea, Iran, Iraq, Lebanon, Libya, North Korea, Somalia, South Sudan, Sudan and Darfur, Syria, and Yemen.

No Buyer Fees: Paxful doesn't charge buyers any fees on Paxful. However, most sellers on Paxful charge their own fees depending on your payment method.

1% Seller Fees: Sellers on Paxful pay a fee of 1%.

Very Similar to LocalBitcoins: LocalBitcoins was founded in 2012, while Paxful was launched in 2014. Today, the two websites are very competitive with one another. LocalBitcoins seems to have more users, although Paxful may be better-rated for customer service.

Affiliate Program: Paxful lets you earn passive income through their affiliate program. Share your link, then earn bitcoin for everyone who signs up and makes a trade through that link.

Free Withdrawals: Paxful doesn't charge any additional fees when withdrawing money from your Paxful wallet (aside from the bitcoin miner fee).

PAXFUL CURRENCIES AND PAIRS

Paxful doesn't have the same currency pairs as a traditional exchange. Instead, Paxful connects buyers and sellers together to trade bitcoin. Sellers on Paxful accept dozens of different fiat currencies from all over the world. You should have no issue selling your own native fiat currency for bitcoin. Bitcoin is the only cryptocurrency officially listed on the website, although you may be able to find sellers offering other cryptocurrencies as well.

PAXFUL SUPPORTED DEPOSIT AND WITHDRAWAL METHODS

Paxful supports 300+ deposit and withdrawal methods, ranging from bank transfers to iTunes Gift Cards. Bank transfers, PayPal, Interac online, credit and debit cards, gift cards, Skrill, cash, Zelle Pay, Western Union, domestic wire transfers, Venmo, ApplePay, Square, SEPA, SWIFT, and more are all supported by Paxful. You can also deposit money using a select few cryptocurrencies, including BTC and ETH.