Paxful Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Proprietary browser platform
- All contracts in Bitcoin, personal Bitcoin wallet, any payment methods
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Proprietary browser platform
- All contracts in Bitcoin, personal Bitcoin wallet, any payment methods
Our Evaluation of Paxful
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Paxful is a moderate-risk cryptocurrency exchange with the TU Overall Score of 5.12 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Paxful clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Paxful is a cryptocurrency exchange with a simple and intuitive interface and comprehensive facilities. It allows you to conveniently sell and buy Bitcoin, Tether, and Ethereum using almost all known transfer channels. The security system eliminates the risk of fraud or funds loss due to the hackers’ activities.
Brief Look at Paxful
The Paxful exchange is a peer-to-peer trading platform for Bitcoin, Tether, and Ethereum trading instruments. There are over 350 ways to buy and sell these cryptocurrencies. The company has its offices in 21 countries and has almost 5 million active users. A free cryptocurrency wallet, which is provided when registering on the exchange, is among the distinctive features. The security system is based on a safekeeping account, where the funds of the seller and the buyer shall be reserved to avoid the dishonesty of one of the parties.
- minimum registration and verification requirements;
- the platform is fully localized and translated into 21 languages;
- hundreds of tools for cryptocurrencies buying and selling;
- many payment methods, from bank transfers to e-wallets;
- over 12 thousand reliable sellers, as well as buyers;
- free Bitcoin wallet with BitGo is enabled;
- simple and profitable affiliate program.
- there are only three cryptocurrencies on the website which are Bitcoin, Tether, and Ethereum;
- the broker focuses on several regions, such as the USA, Nigeria, China, and India;
- the website provides almost no analytics.
TU Expert Advice
Financial expert and analyst at Traders Union
Today, Paxful is the cryptocurrency exchange with the most adaptable terms and the largest number of payment channels. There are over 350 options provided. No matter what service you use — PayPal, Skrill, Neteller, bank transfer, or cash—all these methods for withdrawing funds are available here. This is a conceptual advantage for many users.
An important cryptocurrency exchange feature is its focus on progressive cooperation forms. For example, recently, Paxful made it possible to install a bitcoin stand on any site for free. The website isn't required to be commercial; the subject matter is not important. Site users can freely buy and sell Bitcoins at a stand with simple functionality. The website owner receives 2% from each operation. The offer is non-fungible.
Although only three cryptocurrencies are represented on the exchange itself, transactions can be made with any world currency. This means that you can buy and sell cryptocurrencies for anything, including goods, services, gift cards, etc. All this is easily filtered out in the search by suggestions. We can recommend this exchange for cooperation, taking into account its reliable security system and the absence of technical problems.
Paxful Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | Proprietary browser platform |
|---|---|
| 📊 Accounts: | Free bitcoin-wallet |
| 💰 Account currency: | XBT |
| 💵 Replenishment / Withdrawal: | Bank accounts and cards, e-wallets, cryptocurrency wallets, over 350 options |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | No |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Fixed commission on transactions |
| 🔧 Instruments: | Cryptocurrencies Bitcoin, Tether, and Ethereum are bought/sold for any world currencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | No |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | A limit order, Market order |
| ⭐ Trading features: | All contracts in Bitcoin, personal Bitcoin wallet, any payment methods |
| 🎁 Contests and bonuses: | n/a |
The entire volume of supply and demand on the exchange is formed by user interest, which is sensitive to the slightest geopolitical changes in the world. A perfectly simple interface combined with friendly customer support makes it possible to buy and sell cryptocurrency on paxful.com with maximum comfort.
Learn more about the security level of cooperation with Paxful.
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Commissions and fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | From $0.5 depending on the transaction type | From $1 or 1% upon reaching the amount of $1,000 |
To put that into perspective, the Traders Union experts compared the exchange with several competing cryptocurrency exchanges so that you could independently compare their trading terms. They looked at Paxful, Bybit, and Bitfinex.
| Broker | Average commission | Level |
|---|---|---|
|
$0.5 | |
|
$20 | |
|
$0.1 |
Investment Options
Paxful doesn’t offer investment programs. However, there is a section on the paxful.com website describing the company's proprietary development called the Bitcoin Stand. The stand can be installed on any resource and therefore you can have an interest from user transactions, as Bitcoins are bought and sold through it. This is not an investment program, but a profitable opportunity for passive earnings without investment.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Paxful’s affiliate program:
The cryptocurrency exchange has an affiliate program that allows you to make money on attracted users (referrals). To make a profit, the user shall be active on the platform. The algorithm for generating income from referrals is as follows:
You invite a user; he registers on the website and starts trading;
You get 50% of the transaction commission amount from each transaction of the user attracted;
if the user attracted by you invites other users, then you get 10% of the commission amount for each transaction they make;
users attracted don’t need to be verified to make a profit.
Withdrawals from the affiliate program account become available when the amount obtained from referral transactions reaches $10 in Bitcoins. Then, the amount can be withdrawn to your bitcoin wallet, and then to any other system.
User Satisfaction