Selling cryptocurrency with online wallets

There are a variety of online wallets such as PayPal and Skrill that you can use to sell cryptocurrency on Paxful. This article gives you an overview of selling cryptocurrency using any of the supported online wallets. 

Before trading

Before selling cryptocurrency with your online wallet, please ensure that the sender’s transaction will not be blocked due to your daily limit or other geographical restrictions. 

Trading 

Searching for an offer

The first step to selling cryptocurrency with online wallets is to look for an offer for the online wallet of your choice. You’ll also need to enter the amount you wish to sell and your preferred currency.

After you find a suitable offer, be sure to read the offer terms before opening the trade. This will show you a brief summary of what the buyer will be requiring from you in regards to payment. 

Once you have started the trade, a more detailed set of instructions will appear in the trade chat. These are called trade instructions. Buyers will always ask for your online wallet details. The buyer’s requirements may vary depending on the online payment you’re using. For example, traders with online wallets such as PayPal, Skrill, and Neteller will normally require an image of your ID.

Tip: Make sure the name on the online wallet account matches the name on Paxful. Read more in our article about safety tips.

Creating an offer

To sell cryptocurrency via online wallets, you can also create your own offer.
Here are a couple of tips for your offer:

  • Set a margin you find profitable as no negotiations during the trade are allowed.
  • Write clear offer terms and instructions.
  • Make it clear who will be bearing the transaction fee if any.

After creating and publishing your personalized offer, wait for a buyer to start a trade with you. Once a trade has started, you will receive a notification. Feel free to discuss all the necessary details with your trade partner. 

Completing a trade

Once the buyer has paid you, marked the trade as Paid and uploaded proof of payment, double-check if the payment has been successful on your end. 

The last step for you is to release cryptocurrency from the trade escrow. Click the Release button only if you are absolutely sure about receiving the payment.

After a trade 

Once the trade is completed, you can leave appropriate feedback for your trade partner. Also, if you like trading with the user, you can add them to your trusted list

Here is some more information on how to sell cryptocurrency on Paxful.

 

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