Paxful Review 2021

Paxful Review 2021
Davis J.
Robertson A.
January 2021

6

Position
in rating

Trading terminals:

Proprietary browser platform
6

Position in rating

9.1/10
Overall rating

Trading terminals:

Proprietary browser platform

Summary of Paxful Trading Company Crypto Exchange

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.

💰 Account currency: XBT
🚀 Minimum deposit: $1
⚖️ Leverage: No
💱 Spread: Fixed commission on transactions
🔧 Instruments: Cryptocurrencies Bitcoin, Tether, and Ethereum are bought/sold for any world currencies
💹 Margin Call / Stop Out: No
Attention!

We work with accounts only through the Traders Union website.

👍 Advantages of trading with Paxful:

  • 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.

👎 Disadvantages of Paxful:

  • 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.

Overall

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.

Visit Paxful

Geographic Distribution of Paxful Traders

Paxful Latest Comments for 2021

11
1
3

Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of Paxful published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

I support positive reviews about Paxful. The first thing that caught my eye when visiting this P2P platform is an intuitive interface, presented in 21 languages. This means that the company is open to cooperation with traders from different countries. And now, 2 years after registering on this site, I understand that the first impression was not deceptive. I am satisfied with the cooperation with the Paxful exchanger, if not for 100%, then for 99% for sure. Trading here is comfortable, there are no technical failures, so the execution of transactions is always on top. Honestly, I'm not surprised that the pool of buyers/sellers on Paxful is growing every day.

Paxful simply does not fail you. I registered on this exchanger following a recommendation from a friend. To be honest, I wouldn't have noticed it myself. It does not appear in the leaders, the trade turnover is quite modest. Well, it is understandable, only three cryptocurrencies were listed - bitcoin, ethereum and tezer. When I started working with this P2P platform, I realized why it was being praised. There is a really large pool of buyers and sellers here (according to rumors, the services of this crypto exchange are used by about 12 thousand people). At first, I traded on Paxful and on other platforms at the same time, but now I completely abandoned them.

I believe that Paxful does not reach the solid top five. Although the crypto exchange offers loyal conditions for trading (a starting deposit of $ 1, a commission only for the sale of coins, etc.), there is a huge variety of payment channels, but there are also significant disadvantages. Here I have a question: why does this P2P platform expand the range of services, add all sorts of features like a bitcoin kiosk or a multi-level affiliate program, and there are only three cryptocurrencies for buying/selling? I have never seen such a poor choice on any other site.

It seems to me that Paxful is not suitable for everyone. Unlike other exchanges, it does not provide investment programs for generating passive income (except for an affiliate program). By the way, there are no demos and risk-free deals for training here either. Although the crypto exchange talks about loyalty to newcomers, it did not take care of a high-quality training base and analytical services. They just be like, figure it out for yourself. Although I must pay tribute to its support team for their patience and desire to help.
As for the terms of trade, everything is OK. The commission is taken only when selling coins, and the amount of fees depends on each cryptocurrency. But the choice of coins on the P2P platform is more than modest - bitcoin, ether and tezer, but in general, it will do for a start in trading.

In general, Paxful suited me. The trading conditions here are adequate, and the commissions are even lower than on top crypto exchanges with high liquidity. I traded here for several months, but then decided to leave (now I actively use Bitmex). The reason is simple: there is a limited choice of cryptocurrencies for making transactions. Although I did not completely refuse to cooperate with Paxful. I use the "bitcoin kiosk" of this P2P platform on my website. Payment from one transaction made by the user - 2%. It seems like a trifle, but in a month it can boost up to $ 1,000. For those who are interested, I will immediately say: the cryptocurrency exchange does not make any special requirements for web resources, you can even install such a service on the entertainment portal.

The fact that the Paxful P2P platform is trustworthy is unequivocal. I've been working here for almost a year and I can't make any claims. To be honest, I registered on this platform out of pure interest, I wanted to try myself at crypto trading.
The entry threshold is only $ 1, which I was very happy with. I started with a minimal amount, and then I realized that this business is really profitable, and the trading platform really deserves attention. Additionally, it is necessary to note the convenience of the exchanger. It is even possible to filter by the accounts of sellers and buyers. When you look at the statistics (the number of transactions, trade turnover, etc.), it becomes crystal clear how profitable it will be to cooperate with this or that person. Overall, the Paxful crypto exchange is as customer-oriented as possible, care is felt in everything.

I switched to Paxful from the Binance platform and immediately noted that the commissions here are more adequate. Yes, there are no exotic currencies, but I don't need it. Transactions are mostly conducted with bitcoin, sometimes with ether, other coins are not a matter of my interest. I quickly figured out the functionality of the platform for exchanging cryptocurrencies. The interface is intuitive, there are detailed statistics on buyers/sellers, hints, etc. Paxful exchanger provides a bitcoin wallet immediately after registration, the service is absolutely free.

2 3 >

Expert Review of Paxful

oday, 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.

Antony Robertson

Traders Union
Financial Analyst

Analysis of the Main Features of this Crypto Exchange

9.1

Overall rating

8.8

/10

Execution of orders

9.4

/10

Investment instruments

9.2

/10

Withdrawal speed

9

/10

Customer Support work

8.7

/10

Variety of instruments

9.5

/10

Trading platform

Dynamics of the Popularity of Paxful
in 2020 among the Users of the Traders Union

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mär.
Apr.
Mai.
Jun.
Jul.
Aug.
Sep.
Okt.
Nov.
Dez.

Investment Programs, Available Markets, and Products of the Crypto Exchange

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.

Important!

If you are a large investor and plan on investments over $10,000, contact us at [email protected] or by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal 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.

Rebate and Discount Programs of the Traders Union for Paxful

While it isn’t necessary to register to make transactions on paxful.com, many users don’t cooperate with unregistered and unverified sellers and buyers. Registration is free and isn’t time-consuming. Registration through the Traders Union is also free and provides a unique opportunity to get a rebate for each trade:
 

Information

The exchange pays 50% of the transaction commission amount to the Union from each transaction of a user registered on the cryptocurrency exchange through the website of the Traders Union according to the agreement concluded between Paxful and TU. Eighty percent of this amount shall be returned to the Traders Union’s customer who made the transaction.

Example. You register on the exchange website through Traders Union and pay the platform a commission of 0.000196 XBT on your first trade. The cryptocurrency exchange returns 50% of this amount to the Traders Union, which is 0.000098 XBT. You get 80% of the refunded amount, which is 0.000078 XBT.

Try it!  Try it!

Trading Conditions for Paxful Users

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.

$1

Minimum
deposit

no

Leverage

24/7

Support

Proprietary browser platform
💻 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
💱 Spread: 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

Paxful Commissions & Fees

Information

The exchange doesn’t charge a fee for using the bitcoin wallet. Also, there are no commissions charged when buying cryptocurrency. The service only takes a commission on sales. All incoming transactions on the wallet are free, all outgoing is is subject to a commission. Fees differ for Bitcoin, Tether, and Ethereum. A conversion fee is also charged.

Account type Spread (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
Paxful $0.5 Medium
ByBit $20 High
Bitfinex $0.1 Low
Paxful
$0.5
ByBit
$20
Bitfinex
$0.1
Conclusion

The Paxful cryptocurrency exchange offers favorable terms for buying and selling such cryptocurrencies as Bitcoin, Tether, and Ethereum. It is especially beneficial to cooperate with the service due to the possibility of registration through the Traders Union to reduce the commission.

Contacts

Official site

Tags:

Paxful paxful.com paxful com paxful exchange

The Oldest Reviews of this Crypto Exchange

Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of Paxful published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

My opinion is unequivocal: despite the fact that Paxful is far from the leaders in terms of trading turnover, it has a lot of advantages compared to many others. I have never seen a simpler interface than on this platform for exchanging cryptocurrencies .
I wish I found this platform sooner. I had to face a lot of difficulties (including delayed transfers) on other platforms. To be fair, it should be noted that Paxful does not have a variety of cryptocurrencies, only bitcoin, ether and tezer are represented. But! They can be bought/sold for any currency in the world.

Yes, Paxful fits just fine for beginners. The minimum deposit here is only $ 1, so you can start training in crypto trading virtually without risk. There is no leverage on this P2P platform, so you will not get into a debt hole due to inexperience. I myself started working here with literally no experience, so I judge by my own observations. Smart guys work in support, they are always ready to tell you what to do. I also want to join the partner network to earn money on refs. The rate is not bad - 50% of the commission amount.

Although Paxful does not have investment programs for generating passive income, this crypto exchange still allows you to earn money not only through active trading. For example, I installed a bitcoin-kiosk from Paxful on my website. It is a convenient thing - it does not reflect on usability, but at the same time brings me an additional 2% of each user operation. Also, I get money at the expense of refs. The affiliate program of this platform for the exchange of cryptocurrencies is really chic, payments are always done without delay. My average monthly income is 500-700 dollars.

I started with Paxful as a beginner and was happy with everything. Although the crypto exchange does not provide access to a large number of digital currencies, it has a lot of other advantages. In particular, I liked the intuitive and user-friendly interface of the P2P platform and the convenient hint system. The order parameters are analyzed in automatic mode, and the trader sees information about profitability. This is definitely convenient for beginners. It's been a few years since I started in crypto trading, but I still don't see an alternative to Paxful.

I've been using the Paxful platform for years. The referral program here is two-level. Refs of the 1st level pay 50% of the commission amount (by the way, it is different for each cryptocurrency), and from the next level it’s 10%. A good amount is collected during the month. There were no complaints about this P2P platform from my friends which I brought here. Registration and verification procedures are simple, and commissions are charged only when selling. And when converting too, because the base currency on the platform is bitcoins.

I'm no good at writing reviews, but I can't keep quiet about Paxful . I believe that this crypto exchange did not become a leader only because of the meager variety of coins presented. Although I've never really cared. The main thing is that bitcoin and ether are here.
There are enough buyers and sellers on the site. You can even search by tags for the convenience of users. The service is at the highest level. The support of the P2P platform is round-the-clock, the guys in the technical support service work adequately, try to quickly solve current issues.

I see that no one has yet noted the key advantage of the Paxful cryptocurrency exchange. For me personally, this is a lot of options for paying for a transaction. I mostly use Webmoney, because I think this payment system is the most reliable and adequate. In general, the exchanger offers 350+ ways to choose from, even physical payment is provided. And of course, we need to honor the purity of transactions, reliability and progressive forms of interaction. There are no disadvantages, except that the lack of training programs can be noted.

Author of this Review

Paxful broker’s review prepared by

John Davis

Traders Union Author and Analyst

John Davis is a Financial and Economic Analyst working with the Traders Union since 2016. During this time, he has written more than 100 analytical articles on technical and fundamental analysis, reviews of financial companies and has developed more than 10 proprietary trading systems. John's motto is to help everyone go from a novice to a professional trader.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.

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FAQs

Do reviews by traders influence the Paxful rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Paxful you need to go to the broker's profile.

How to leave a review about Paxful on the Traders Union website?

To leave a review about Paxful, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about Paxful on a non-Traders Union client?

Anyone can leave feedback about Paxful on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

Why is it more profitable to work with Paxful through Traders Union?

Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same.

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