What is PAXFUL?
Paxful is a peer-to-peer bitcoin marketplace launched in 2015 that enables users to buy and sell bitcoin using over 300 different payment methods. The platform was founded with the goal of making bitcoin more accessible as a payment method for people in emerging markets.
On Paxful, buyers and sellers can trade bitcoin directly with each other, with Paxful acting as an escrow service to ensure secure transactions. Users can pay with methods including bank transfers, gift cards, cash deposits, debit/credit cards, and digital wallets. Paxful charges fees of 0.5-1% per trade.
Some key features of Paxful include:
- Over 300 payment options - Allows users to pay with whatever is most convenient for them.
- Secure escrow service - Protects both buyers and sellers.
- Availability in over 180 countries - Enables accessing bitcoin globally.
- P2P chat and support - Allows resolving issues quickly with real people.
- Affiliate program - Earn commissions by referring users.
Overall, Paxful aims to promote financial inclusion by providing an accessible peer-to-peer bitcoin marketplace. The extensive payment methods help those without access to traditional banking and payment systems participate in the digital economy.