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Paxful is a cryptocurrency service and was founded in 2015 and was previously known as EasyBitz. With global headquarters in the Philippines, Estonia, and Hong Kong, the exchange has over 4.8 million users and over 200 employees.
Paxful users come from all over the world, including Malaysia, the United Arab Emirates, India, Pakistan, Indonesia, and Zimbabwe. The CEO and founder's ambition was to create a crypto community open to any trader interested in buying and selling Bitcoin and other digital currencies.
Paxful, unlike other order-book-based exchanges, is a reliable and simple platform that allows crypto buyers and sellers to directly communicate with one another to sell or buy Bitcoin and other major cryptocurrencies. You can learn more about Paxful by entering Kazan.io and reading Paxful reviews that customers texted.
Paxful promises to make buying and selling Bitcoins as simple as possible. Users must first go to Paxful's official website and click the “Buy Bitcoin” button to begin trading. A message box will appear, requesting the amount of Bitcoin and the type of fiat currency to be traded. The site will also show the value of Bitcoin in terms of the fiat currency selected.
You can trade coins supported on Paxful (Bitcoin, Ethereum, and Tether USD) by choosing a Paxful vendor or buyer from the list of choices, or they can identify acceptable counterparties on their own.
First and foremost, cryptocurrency purchases on Paxful are completely free. Regardless of the payment method used, buyers do not have to pay Paxful fees while purchasing cryptocurrency. For each sale, however, the sellers are charged a fee ranging from 0.5 percent to 5% of the total order value.
Selling Bitcoin and other cryptocurrencies via bank transfers incurs the smallest fee of 0.5 percent, but selling Bitcoin and other cryptocurrencies via gift card incurs a fee of 3 percent to 5 percent, depending on the type of gift card. A fixed fee of 1% applies to all other payment methods for selling cryptos.
Traders have access to plenty of Paxful deposit options such as Bank transfer, Skrill, Paypal, and Neteller, for their trades, however, these will vary by location and the traders who are currently active. Only two cryptocurrencies, BTC and USDT, are available for purchase on the platform, and they can be purchased using any of the approved payment methods. On the site, traders are subject to purchasing and selling limits based on their ID verification levels.
For information on Paxful withdrawal options and how to withdraw, you can visit Paxful's website. It is the same as deposit methods.
Paxful receives a lot of positive comments from its customers as a result of its numerous offerings. You're also aware that positive reviews for cryptocurrency websites are essential. As a result, please visit Kazan.io for further information about Paxful customer reviews and Paxful customer complaints.
Traders will need a live account and to complete the obligatory registration requirements, which include ID verification for specific countries, to begin taking advantage of the Paxful trading platform's unique features. Customers from Cuba and North Korea cannot open a Paxful account.
What are the Paxful membership stages? To become a Paxful member, go to the website and click on the blue "Register" button. Phone and email verification are required, as well as ID verification, address verification, and heightened due diligence. For high-volume traders and large wallet limits, clients must also complete additional KYC norms and ID checks, which include answering particular security questions and video verification.
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