{"id":1533,"date":"2018-12-14T00:22:38","date_gmt":"2018-12-14T00:22:38","guid":{"rendered":"https:\/\/icoholder.com\/blog\/?p=1533"},"modified":"2025-06-05T16:31:48","modified_gmt":"2025-06-05T16:31:48","slug":"bitcoin-buyers-and-sellers-secure-and-easy-trading-guide","status":"publish","type":"post","link":"https:\/\/icoholder.com\/blog\/bitcoin-buyers-and-sellers-secure-and-easy-trading-guide\/","title":{"rendered":"Bitcoin Buyers And Sellers: Secure And Easy Trading Guide"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_75 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/icoholder.com\/blog\/bitcoin-buyers-and-sellers-secure-and-easy-trading-guide\/#A_Closer_Look_at_Paxful\" >A Closer Look at Paxful<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/icoholder.com\/blog\/bitcoin-buyers-and-sellers-secure-and-easy-trading-guide\/#How_Does_Paxful_Work\" >How Does Paxful Work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/icoholder.com\/blog\/bitcoin-buyers-and-sellers-secure-and-easy-trading-guide\/#The_Paxful_Exchange_Fee\" >The Paxful Exchange Fee<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/icoholder.com\/blog\/bitcoin-buyers-and-sellers-secure-and-easy-trading-guide\/#Is_Paxful_Safe_to_Buy_Bitcoin\" >Is Paxful Safe to Buy Bitcoin?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/icoholder.com\/blog\/bitcoin-buyers-and-sellers-secure-and-easy-trading-guide\/#The_Legitimacy_of_Paxful_Exchange\" >The Legitimacy of Paxful Exchange<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/icoholder.com\/blog\/bitcoin-buyers-and-sellers-secure-and-easy-trading-guide\/#Paxful_Uses_Advanced_Encryption_to_Keep_User_Info_Safe\" >Paxful Uses Advanced Encryption to Keep User Info Safe<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/icoholder.com\/blog\/bitcoin-buyers-and-sellers-secure-and-easy-trading-guide\/#Security_of_User_Funds\" >Security of User Funds<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/icoholder.com\/blog\/bitcoin-buyers-and-sellers-secure-and-easy-trading-guide\/#Paxful_Customer_Support\" >Paxful Customer Support<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/icoholder.com\/blog\/bitcoin-buyers-and-sellers-secure-and-easy-trading-guide\/#Paxful_Summary\" >Paxful Summary<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/icoholder.com\/blog\/bitcoin-buyers-and-sellers-secure-and-easy-trading-guide\/#Paxful_Ensures_Safety_for_Bitcoin_Traders\" >Paxful Ensures Safety for Bitcoin Traders<\/a><\/li><\/ul><\/nav><\/div>\n<figure id=\"attachment_1540\" aria-describedby=\"caption-attachment-1540\" style=\"width: 300px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-1540 size-medium\" src=\"https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2018\/12\/paxful-300x300.png\" alt=\"paxful\" width=\"300\" height=\"300\" srcset=\"https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2018\/12\/paxful-300x300.png 300w, https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2018\/12\/paxful-150x150.png 150w, https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2018\/12\/paxful-768x768.png 768w, https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2018\/12\/paxful-60x60.png 60w, https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2018\/12\/paxful.png 960w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><figcaption id=\"caption-attachment-1540\" class=\"wp-caption-text\">Source of image: <a href=\"https:\/\/paxful.com\/\">https:\/\/paxful.com\/<\/a><\/figcaption><\/figure>\n<p><a href=\"https:\/\/icoholder.com\/blog\/buy-bitcoin-anonymously\/\">Want to buy Bitcoins anonymously<\/a> and instantly by using fiat currency? One of the best options out there could be<a href=\"https:\/\/paxful.com\/\"> Paxful<\/a>. This is a peer2peer Bitcoin marketplace that connects buyers with sellers to make the Bitcoin exchange fast, convenient, and private.<\/p>\n<p>As the demand for the top cryptocurrencies edges up driven by people seeking to take advantage of the low token prices after<a href=\"https:\/\/cointelegraph.com\/news\/crypto-markets-continue-to-see-low-volatility-with-scant-few-coins-budging-in-price\"> a year of bearish trading<\/a>, the need for a reliable platform cannot be overemphasized. Paxful has positioned itself well to provide the convenience through an intuitive platform and support for many payment methods, including fiat, PayPal, and credit cards that most crypto exchanges such as<a href=\"https:\/\/support.binance.com\/hc\/en-us\/articles\/115003764971-How-to-Deposit-to-Binance\"> Binance<\/a> do not accept.<\/p>\n<p>Although its features such as the free wallet and operational model are impressive, the persistent<a href=\"https:\/\/bitcointalk.org\/index.php?topic=1987998.0\"> complaints about lost Bitcoins<\/a> and poor replies from Paxful have cast it in a bad light. This post is a comprehensive Paxful review that seeks to answer key questions, including \u201cIs Paxful legit?\u201d and \u201cIs Paxful safe to buy Bitcoin?\u201d<\/p>\n<h2><span class=\"ez-toc-section\" id=\"A_Closer_Look_at_Paxful\"><\/span>A Closer Look at Paxful<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-pm-slice=\"1 1 []\">As mentioned, Paxful is a crypto exchange, which was established in 2015 to act as a marketplace for bringing together Bitcoin buyers and sellers. As a peer2peer platform, it implies that Paxful does not operate as a merchant for Bitcoin or a centralized exchange. Rather, it only acts as a mediator between buyers and sellers.<\/p>\n<p>The exchange was founded in Delaware by a group of developers who wanted to simplify the process of purchasing Bitcoins. The most notable of the founders are<a href=\"https:\/\/www.linkedin.com\/in\/ray-youssef-683b20a1\"> Ray Youssef<\/a> and Artur Schaback.<\/p>\n<p>Speaking to<a href=\"https:\/\/www.prnewswire.com\/news-releases\/paxful-introduces-the-virtual-bitcoin-kiosk-300398094.html\"> PR Newswire<\/a> early in 2017, Schaback explained that they wanted to have a platform that everyone could associate with without worrying of his\/her identify getting revealed. The exchange seeks to empower the Bitcoin buyer and seller by allowing them to control the purchase process.<\/p>\n<p>Schaback continued to say that they want Paxful to be a motivation for all through the<a href=\"https:\/\/www.prnewswire.com\/news-releases\/paxful-introduces-the-virtual-bitcoin-kiosk-300398094.html\"> affiliate programs<\/a> that yield benefits to both individuals and businesses. This means that you can use own blog, social media following, and website to drive referrals and earn from Paxful.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Does_Paxful_Work\"><\/span>How Does Paxful Work?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Paxful commits to keeping the process of buying and selling Bitcoins as simple as possible. To start using Paxful, a user simply heads to the site and clicks the \u201cBuy Bitcoin\u201d icon at the top center section. Take a look at the page below of<a href=\"https:\/\/paxful.com\/buy-bitcoin\/with-any-payment-method\/with-any-currency?fiat-min=59#content\"> the Paxful website<\/a>.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-1535\" src=\"https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2018\/12\/buy-bitcoin-1024x478.png\" alt=\"\" width=\"684\" height=\"319\" srcset=\"https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2018\/12\/buy-bitcoin-1024x478.png 1024w, https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2018\/12\/buy-bitcoin-300x140.png 300w, https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2018\/12\/buy-bitcoin-768x358.png 768w, https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2018\/12\/buy-bitcoin-129x60.png 129w, https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2018\/12\/buy-bitcoin.png 1108w\" sizes=\"auto, (max-width: 684px) 100vw, 684px\" \/><\/p>\n<p>Then, choose the quantity of Bitcoin to purchase and the currency of choice. The page will display Bitcoins to expect for the amount of your choice. In order to purchase the BTC shown on the screen, you will need to follow the following steps:<\/p>\n<ul>\n<li>Once you have seen the number of Bitcoins that will go to your wallet, the next step is creating an account. On the right-hand corner of the website,<a href=\"https:\/\/paxful.com\/buy-bitcoin\/with-any-payment-method\/with-any-currency?fiat-min=59#content\"> click create an account<\/a> to get a form requiring you to fill a valid email, a username, and a password.<\/li>\n<li>When you complete creating your account, Paxful will also create a free Bitcoin wallet for you to help simplify the purchase process.<\/li>\n<li>Select the preferred method of payment. Paxful supports a long<a href=\"https:\/\/paxful.com\/buy-bitcoin\/with-any-payment-method\/with-any-currency?fiat-min=59\"> list of payment<\/a> methods including wire transfers, credit cards, <a href=\"https:\/\/icoholder.com\/blog\/buy-bitcoin-with-paypal\/\">PayPal<\/a>,<a href=\"https:\/\/www.mastercard.us\/en-us.html\"> MasterCard<\/a>, and NetTeller.<\/li>\n<li>Search the available Bitcoin sellers and ensure to indicate the currency of choice and preferred method of payment. The search results show the open orders that you can simply click to select a specific seller.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"The_Paxful_Exchange_Fee\"><\/span>The Paxful Exchange Fee<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>There is no fee for buying Bitcoin from Paxful. Instead, the fee is determined by the seller. Note that Paxful charges the seller 1% of the amount of the transaction.<\/p>\n<p>It is also crucial to pay attention to the exchange rates because the fee can be very high. In fact, sellers set the exchange rates at rates higher than the centralized exchanges such as<a href=\"https:\/\/support.binance.com\/hc\/en-us\/articles\/115000429332-Fee-Structure-on-Binance\"> Binance<\/a> and KuCoin. They use the method to recover part of the 1% charged for selling their coins on the platform.<\/p>\n<p>It is also important for Bitcoin buyers and sellers to be on the lookout because the exchange rates could change before completing your transaction. Therefore, compare the exchange rate and ensure to only work with the seller charging a lower fee.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Is_Paxful_Safe_to_Buy_Bitcoin\"><\/span>Is Paxful Safe to Buy Bitcoin?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Paxful has put a lot of effort into ensuring that users and their resources are protected. Here are some of the security structures and indicators that Paxful use:<\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"The_Legitimacy_of_Paxful_Exchange\"><\/span>The Legitimacy of Paxful Exchange<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p>Paxful operates as a registered company with its<a href=\"https:\/\/paxful.com\/\"> headquarters at 3422 Old Capital Trail<\/a>, PMB# #989, Wilmington DE, 19808, USA. To demonstrate that they are not scammers, they have even posted the images of the top staff on the exchange\u2019s<a href=\"https:\/\/paxful.com\/about\"> About Us page<\/a>.<\/p>\n<p>The info demonstrates that the company is compliant with the local laws and can be sued if it goes against the law. The openness demonstrated by Paxful has set it apart from other exchanges that opt to operate anonymously because users can associate with it.<\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Paxful_Uses_Advanced_Encryption_to_Keep_User_Info_Safe\"><\/span>Paxful Uses Advanced Encryption to Keep User Info Safe<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p>When running online transactions, especially those related to finances, it is prudent to ensure your website is secure to avoid getting attacked by hackers. The Paxful exchange is secured by Comodo and it encrypts data using<a href=\"https:\/\/www.techopedia.com\/definition\/29703\/256-bit-encryption\"> 256-bit SSL<\/a>. The encryption technology is very effective and, therefore, has a preference for modern encryption algorithms and technologies such as SSL.<\/p>\n<p>It is important to appreciate that as a peer2peer platform, it is the role of the user to try and work with a reputable and verified seller, which you can verify by checking the feedback from past clients before authorizing payment.<\/p>\n<ul>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Security_of_User_Funds\"><\/span>Security of User Funds<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/li>\n<\/ul>\n<p>When users create accounts on Paxful, their coins are deposited in the wallet that is automatically generated for them. The wallet is secured using a password and<a href=\"https:\/\/paxful.com\/support\/en-us\/articles\/360012620113-2-Factor-Authentication-2FA\"> 2-factor authentication<\/a> to ensure that no third party can easily gain access.<\/p>\n<p>To keep your wallet more secure, you need to create a wallet that is very difficult for hackers to crack. For example, include numbers, figures, signs, and special characters.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Paxful_Customer_Support\"><\/span>Paxful Customer Support<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>To know the commitment of a company to customer value, Bitcoin buyers and sellers should check customer support carefully. At Paxful, customer support is very responsive through a number of methods.<\/p>\n<p>The first and arguably most effective method is buy posting on is<a href=\"https:\/\/paxful.com\/buy-bitcoin\"> https:\/\/paxful.com\/buy-bitcoin<\/a>. The company support responds to email inquiries within hours.<\/p>\n<p>You can also opt to use the chat function located at the bottom right-hand side of their website. Though the chat function allows you to directly talk with a customer representative, it takes a lot of time before getting a reply. Therefore, you might have to wait a while before help can come through. Take a look at<a href=\"https:\/\/paxful.com\/offer\/2YVm2jqp9m5\"> their chat caption below<\/a>.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1536\" src=\"https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2018\/12\/chat-caption.png\" alt=\"\" width=\"909\" height=\"570\" srcset=\"https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2018\/12\/chat-caption.png 909w, https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2018\/12\/chat-caption-300x188.png 300w, https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2018\/12\/chat-caption-768x482.png 768w, https:\/\/icoholder.com\/blog\/wp-content\/uploads\/2018\/12\/chat-caption-96x60.png 96w\" sizes=\"auto, (max-width: 909px) 100vw, 909px\" \/><\/p>\n<p>Another helpful option of reaching Paxful customer support is by placing a call to the company\u2019s phone number. Their customer line is 1-865-272-9385. To get assistance this way, it is advisable to only call during working hours.<\/p>\n<p>You can also engage the support on their<a href=\"https:\/\/www.facebook.com\/paxful\"> social media pages such as Facebook<\/a>. However, you need to be careful about asking pertinent questions about your account because the conversation is public.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Paxful_Summary\"><\/span>Paxful Summary<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Paxful came out as a carefully designed platform that is committed to empowering people to easily buy Bitcoins by using different methods. Here is a summary of the pros and cons:<\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Pros<\/b><\/td>\n<td><b>Cons<\/b><\/td>\n<\/tr>\n<tr>\n<td>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Provides users with many payment options for their convenience<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The buyer is not charged for using the platform<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The exchange supports the use of fiat currencies<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The platform uses Escrow to hold user funds and only releases them once the Bitcoins are transferred<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The Paxful platform allows users to remain anonymous when buying or selling Bitcoins<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The platform allows buyers to interact with sellers and gauge their trust before authorizing the purchase<\/span><\/li>\n<\/ul>\n<\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The price offered on Paxful are \u00a0higher than what buyers get in other exchanges<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The buyer could end up paying a high transaction fee because it is set by the seller<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Though the platform has put a lot of weight in controlling fraud, cybercriminals can still find their way around to defraud buyers<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Users are only allowed to trade Bitcoins<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The exchange does not provide traders with leverage, like other exchanges such as<\/span><a href=\"https:\/\/support.kraken.com\/hc\/en-us\/articles\/203053116-Leverage\"> <span style=\"font-weight: 400;\">Kraken<\/span><\/a><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>A good cryptocurrency exchange seeks to guarantee users of optimal safety for their info and resources while simplifying the process of buying new coins. Paxful scores high on all the factors because it puts users in control of the process.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Paxful_Ensures_Safety_for_Bitcoin_Traders\"><\/span>Paxful Ensures Safety for Bitcoin Traders<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This review established that people calling Paxful a scam is indeed not genuine. From the beginning of the purchase or sale process, the users&#8217; funds are protected and they are provided with feedback to help establish the reputation of the seller. Indeed, they can even chat with sellers to further gauge their trust.<\/p>\n<p>The answer to the question \u201cIs Paxful legit?\u201d is \u201cyes.\u201d The platform is run in an open manner and in line with local laws to win the trust of the administration and the community. This transparency benefits Bitcoin buyers and sellers, making Paxful one of the best platforms out there.<\/p>\n<p>If you have been planning to buy Bitcoins using fiat in a secure way, this Paxful review would strongly recommend that Bitcoin buyers and sellers consider Paxful. Remember that even with a reliable platform such as Paxful, it is still crucial to observe the best practices, including the following:<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Always keep your private keys away from third parties.<\/li>\n<li>Only commit a small portion of your funds to cryptos.<\/li>\n<li>Consider splitting funds to multiple assets to lower associated risks.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Want to buy Bitcoins anonymously and instantly by using fiat currency? One of the best options out there could be Paxful. This is a peer2peer &hellip; <\/p>\n","protected":false},"author":8,"featured_media":1541,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-1533","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exchanges"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Buyers And Sellers: Secure And Easy Trading Guide<\/title>\n<meta name=\"description\" content=\"Bitcoin buyers and sellers find a reliable, secure platform with Paxful for fast, convenient, and private crypto transactions - IcoHolder.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/icoholder.com\/blog\/bitcoin-buyers-and-sellers-secure-and-easy-trading-guide\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Buyers And Sellers: Secure And Easy Trading Guide\" \/>\n<meta property=\"og:description\" content=\"Bitcoin buyers and sellers find a reliable, secure platform with Paxful for fast, convenient, and private crypto transactions - 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