What is Paxful?
Paxful is a decentralized exchange (P2P) that allows buyers and sellers to meet online and trade Bitcoin. Similar to LocalBitcoins or Remitano, Paxful allows for a wide range of payment methods and buying options that cannot be found on traditional exchanges.
Founded in 2014 by Ray Youssef and Artur Schaback, originally named EasyBitz, later renamed Paxful. Currently operating globally with the main market is the United States, Kenya, China, Brazil and India with a total of more than 3.6 million monthly visitors.
Paxful aims to become the Uber of the Bitcoin community. Paxful allows individuals to become merchants and sell Bitcoin online, similar to how eBay allows people to sell goods.
Here's how to create a Paxful account and trade on this exchange.
How to sign up for a Paxful account?
To sign up for a new Paxful account we need to follow these steps:
1. Open a web browser and click link: https://paxful.com/vi?r=GMYyyP8jwYW
2. Click “Create account” in the top right corner of the main page.
Complete your captcha verification.
An activation email will be sent to your email address.
Access your inbox, open email from [email protected] and click “confirm email” to activate your account.
If you don't see the email in your inbox, you can search in spam email or go back to your account and resend the email again.
After confirm email, your account has been successfully registered.
Finally, you go to the settings and perform the steps to verify ID, KYC as required by the exchange.
You will need to take a photo of the front, back of your citizenship ID, passport or driver's license to verify your account.
Wait a few days for Paxful to authenticate, after successful you can proceed with the transaction. Before trading, compare prices with other exchanges to save costs.
How to buy Bitcoin on Paxful?
Step 1: Search
1. Sign in to your Paxful account and click Buy Bitcoin.
2. Click Show all or any payment method fields and select your preferred payment method for buying bitcoin on the dialog box that appears.
You follow the instructions of the red circled boxes and make the payment.
Enter the amount of money you are ready to trade in the Fiat currency field or the BTC field. Click BUY NOW.
Seller issues BTC from trading margin into your Paxful wallet. The transaction is completed successfully.
As for selling Bitcoin, go to "sell bitcoin" and do the same with "buy bitcoins".
Paxful is an exchange based in the US, with high reliability and security, liquidity and reasonable price, this is a remarkable alternative to popular exchanges. in Vietnam. Wish you successful transactions.