Trade Page Lite

Paxful has created a simpler and smarter approach to trades. Now you can trade without time-consuming trade chats. It becomes possible as the most important trade instructions and requirements are now part of the trade process itself. The requirements, which affect the trade flow directly, are chosen by the seller of bitcoin during the offer creation process. Here is an overview of the feature.

Note: For now, this option is available only for offers to sell bitcoin for PayPal transfers.

 

Creating an offer

With the simplified version, you go through a similar process as with the classic version. However, you have additional payment specific requirements to choose from. Chat is avoided as trade instructions and requirements are integrated into the trade flow. Here is an example of such a process with a PayPal offer:

1. Start creating an offer to sell your bitcoin as usual.

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2. Select PayPal as a payment method.

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A new section appears below the list of payment methods.

3. Click Lite trade to apply automated trade flow for your offer.

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A list of options appears below.

4. Select the ID proofs you want to request from the buyer.
SelectProofs.png

Note: ID request can be removed from the trade process if you have already traded with the buyer before and if the buyer has successfully verified his ID with our Compliance Team.

 5. Scroll below and tick the Proof of payment box if you want the buyer to upload proof of payment during the trade process.

6. Type in your email in the Your PayPal email field.

Note: We will show your email address to the buyer only after you view and approve any proof you have requested from them.

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7. Proceed with the offer creation flow as usual.

Trading as a seller of bitcoin

Step 1

1. When a trade starts, wait for the buyer to upload the documents. Optionally, click Chat with buyer to switch to classic trade chat.

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Once the buyer uploads all proofs, they appear on your screen.

Note: On this stage, only the buyer can cancel the trade.

2. Review the proofs and click Accept near to each image.

Note: If you do not accept a proof, click Reject. The user will try to upload a new file.

SellerclickAccept.png

Step 2

1. Wait for the buyer to make the payment. If necessary, start a chat with a trade partner by clicking Chat with buyer.

SellerwaitPayment.png

2. Once the buyer has confirmed making the payment, click the Proof of payment icon to view the buyer's proof.

3. Tick the box below to confirm receiving the actual payment.

3. Click Release BTC to send bitcoin from the escrow to the buyer's wallet.

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Note:

  • Click Chat with buyer to switch to classic chat to clarify any details.
  • Click Start dispute in case of an issue with the payment or suspicious actions from the buyer’s side.

Tip: After a successful trade, do not forget to leave feedback to your trade partner.

Trading as a buyer of bitcoin

Step 1

1. Once you have started a trade, click Upload to start uploading the proofs requested by the seller of bitcoin.

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The upload file dialogue box appears.

Note: During the trade process, you can click Cancel trade to cancel the trade.

2. Choose a file and click Upload

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Note: There are three ways to upload your files:

  • Choose a file from your device.
  • Provide a direct link to a file.
  • Make a photo with your device.

3. Repeat the same actions for all proofs in the list and click Send to vendor

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Note: The seller can any time switch your trade to a classic chat version.

Wait for the seller to review your proofs. Once the seller accepts your proofs, the Step 2 section activates.WitingforAccept.png

Step 2

Once your proofs are accepted by the seller, the Step 2 section becomes active. 

Note: If the seller rejects some of your files, you will be taken to the previous step to try uploading a different document.

1. Click Upload to upload the proof of payment the same way as all previous files.

UploadProof.png

2. After making the payment and uploading the proof requested, click Payment complete.

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The Step 3 section activates.

Step 3

Wait for the seller to release bitcoin. 

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In case of success, you receive a notification: BTC has been transferred to your bitcoin wallet.

Tip: After a successful trade, do not forget to leave feedback to your trade partner.

Have a look at our articles about how to buy bitcoin with online wallets and how you can create an offer to sell your bitcoin.

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