• Creating offer to buy bitcoin

    To set your personal exchange rules and establish a flow of trades, you need to create your own offers. This guide gives an overview of how to create an offer to buy bitcoins on Paxful. If you are interested in existing offers of other Paxful traders, please see our guide on buying bitcoins.

    Before we begin, ensure you have created an account. Paxful provides a free Bitcoin wallet upon sign up. Once you sign up, you will be assigned a wallet automatically. 

    Note: In order to create an offer, you need to be ID-verified.

    Video

    Here’s a short video on how to create an offer:

    Step 1 Payment method

    1. Log in to your Paxful account and click Create an Offer.

    1.2.pngCreate an Offer page appears.

    2. Select Buy Bitcoin offer type.
    2.2.png

    3. Select a payment method.

    Choose how you want to buy bitcoin:

    • Select the payment group from the left box.
    • Choose the exact payment method from the list in the middle.
    • If you are not sure which group your payment method belongs to, you can also search for payment methods in the search bar. Simply start typing the word in the Search all payment methods field and an option will appear in the list. If your payment method has been registered already, it will appear for you to select it.

    3.2.png

    Note: Don’t see the payment method of your choice? Suggest a new one by clicking the Click here to suggest a new one link.

    4. Choose your currency from the Preferred currency drop-down list.

    4.2.png

    Note:

    • Only one currency per offer is allowed. 
    • With bank transfers, it is important to insert the bank name and the country where your bank account is registered. This will help to avoid any misunderstandings with your potential trade partners.

    5. Check if all details are correct and click Next step to proceed.
    5.2.png

    Step 2 Profit margin & trade limits

    1. Choose how much you want to earn on each purchase by inserting the number into the margin field.

    6.2.png

    Set a percentage according to the market price of bitcoin and your personal trading intentions. This percentage can be both negative and positive. You can read more about the margin here. You will see on the screen a clear explanation of how much you will earn according to the percentage selected.

    Note:

    • Do not set a very low or high percentage to attract customers and negotiate the price within a trade. It is against our Terms of Service.
    • Bitcoin sellers look for the best value + user rating. Choose the margin percentage that you think your target audience would value. A positive margin percentage is advised when creating an offer to buy bitcoin.
    • As a default, we offer a bitcoin price which is the average ask price between Coinbase, Bitstamp, Bitfinex. For more flexibility with bitcoin rate click Switch to advanced mode.

    2. Set offer trade limits by inserting numbers into Minimum trade amount and Maximum trade amount fields.
    7.2.png
    Here you can choose how much bitcoin in fiat currency you want to buy.

    Note: You can set a range or click Use exact amount to set the sum you are interested in. Once a trade is initiated, the exact trade equivalent in BTC is moved into escrow.

    3. Choose the offer time limit by inserting a number into the minutes field.
    8.2.png

    This indicates the amount of time you have to make the payment. If you do not click Paid before the payment window expires, the trade will be automatically canceled.

    4. Check if all details are correct and click Next step to proceed.
    9.2.png

    Step 3 Terms & instructions


    1. Choose offer tags from the Offer tags drop-down list.
    10.2.png

    Offer tags will appear close to the payment method name in the list of offers. It should be something which helps to personalize your offer, add additional information to it. 

    Example: All bank transfers, Instant payment, Long term buyer needed.

    Note: Can’t find the tag you’re looking for? Suggest a new one by clicking the Suggest a new one to us link.

    2. Create your offer labels. Type them into the Your offer label field.
    11.2.png

    Offer labels will appear under the payment method type and your tag. You can select more than one label. Labels are used to draw attention to the most important specifics of your offer. 

    Example: no ID verification needed, quick release, receipt required and more.

    Note: For Bank Transfers the bank name is used instead of a label.

    3. Write offer terms for sellers. Type them into the Offer terms for the seller field.
    12.2.png

    This info will be shown publicly in your offer. It should have short and clear details: do you want a seller to provide a photo of his ID? Is any receipt or other document needed? Do you want the payment method to be processed in a specific manner? Will you require a considerable amount of time to process the payment? Check more info here.

    4. Write trade instructions. Type them into the Trade instructions field.

    13.2.png

    Trade instructions will be visible once a trade has started. This should be a clear step-by-step guide for your potential trade partner. Read more information here.

    5. Choose if you need a verification filter for your trade partners by selecting the Verification checkbox.

    14.2.png

    Trading with verified users helps to avoid irresponsible users. However, the number of your potential trades will be lower as some of the users want to keep their privacy online.

    Optionally, click Advanced options for some additional settings:

    • Select a target country from the Target country drop-down list.
      You can choose countries where you would like to get your trade partners. 
    • Adjust offer visibility by selecting Show this offer only to users in your trusted list checkbox.
      Visibility can be set for your trusted users only. It is useful if you have a list of traders marked as trusted and you want to trade only within this group of people.
    • Set a minimum amount of trades required by typing a number in the Minimum trades required field.
      This is useful when you want to trade only with experienced Paxful users. Set a minimum you consider valid for you.
    • Set a fiat limit for new accounts by typing a number in the Fiat limit for new accounts field.
      You can use this option not to risk big amounts with users of a few trades and low reputation.
    • Set limitations by countries. Select an option from the Limitation by countries list and insert a country in the field below.
      You can make your offer visible or hidden to customers from specific countries. This is related to IP address and smart country detection.
    • Adjust Proxy/VPN limitations by selecting an option from the Proxy/VPN limitations list. You can choose whether to trade with all users or avoid those with VPN and Anonymizer.

    15.2.png

    6. Check if all details are correct and click Create offer to proceed.
    16.2.png

    Note:

    • You can always return to the previous step by clicking the Previous step button.
    • You can change and edit your offer later.
    • Offer cannot be changed once a trade has started.
    • Once your offer is created, you can check it on your dashboard. Use Vendor dashboard to edit and manage your offers.

    Your offer is created. Wait for sellers to start trades. 

    Check our Terms of Service and tips to buy bitcoin. In case of any issues, feel free to contact our Support.



  • Creating offer to sell bitcoin

    To set your personal exchange rules and establish a flow of trades, you need to create your own offers. This guide gives you an overview of how to create an offer to sell bitcoins on Paxful. If you are interested in existing offers of other Paxful traders, please see our guide on selling bitcoins.

    Before you begin, ensure you have created an account. Paxful provides a free Bitcoin wallet upon sign up. Once you sign up, you will be assigned a free wallet automatically. 

    Note: In order to create an offer, you need to be ID-verified.

    Video

    Here’s a short video on how to create an offer:

    Step 1 Payment method


    1. Log in to your Paxful account and click Create an Offer.

    1.2.png

    Create an Offer page appears.

    2. Select Sell Bitcoin offer type.
    2.2.png
    3. Select a payment method.

    Choose how you want to sell bitcoin:

    • Select the payment group from the left box.
    • Choose the exact payment method from the list in the middle.
    • If you are not sure which group your payment method belongs to, you can also search for payment methods in the search bar. Simply start typing the word in Search all payment methods field and an option will appear in the list. If your payment method has been registered already, it will appear for you to select it.

    3.2.png

    Note:

    • Note the escrow fee for the selected payment method.
    • Don’t see the payment method of your choice? Suggest a new one by clicking the Click here to suggest a new one link.

     4. Choose your currency from the Preferred currency drop-down list.
    4.2.png

    Note:

    • Only one currency per offer is allowed. 
    • With bank transfers, it is important to insert the bank name and the country where your bank account is registered. This will help to avoid any misunderstandings with your potential trade partners.

     5. Check if all details are correct and click Next step to proceed.
    5.2.png

    Step 2 Profit margin & trade limits

    1. Choose how much you want to earn on each purchase by inserting the number into the margin field.
    6.2.2.png

    Set a percentage according to the market price of bitcoin and your personal trading intentions. This percentage can be both negative and positive. You can read more about the margin here. You will see on the screen a clear explanation of how much you will earn according to the percentage selected.

    Note:

    • Do not set a very low or high percentage to attract customers and negotiate the price within a trade. It is against our Terms of Service.
    • Buyers often look for the best value and great seller ratings. Choose a profit percentage that you think your target buyers will find attractive.  A negative margin percentage is advised when creating an offer to sell bitcoin.
    • As a default, we offer a bitcoin price which is the average ask price between Coinbase, Bitstamp, Bitfinex. For more flexibility with bitcoin rate click Switch to advanced mode.

     2. Set offer trade limits by inserting numbers into Minimum trade amount and Maximum trade amount fields.
    7.2.png

    Here you can choose how much bitcoin in fiat currency you want to sell.

    Note: You can set a range or click Use exact amount to set the sum you are interested in. Once a trade is initiated, the exact trade equivalent in BTC is moved into escrow.

     3. Choose the offer time limit by inserting a number into the minutes field.
    8.2.png

    This indicates the amount of time your trade partner has to make their payment. If the buyer has not clicked Paid before the payment window expires, the trade will be automatically canceled.

    4.  Check if all details are correct and click Next step to proceed.
    9.2.png

    Step 3 Terms & instructions

    1. Choose offer tags from the Offer tags drop-down list.
    10.2.png

    Offer tags will appear close to the payment method name in the list of offers. It should be something which helps to personalize your offer, add additional information to it. 

    Example: All bank transfers, Instant payment, Long term buyer needed.

    Note: Can’t find the tag you’re looking for? Suggest a new one by clicking the Suggest a new one to us link.

    2. Create your offer labels. Type them into the Your offer label field.
    11.2.png

    Offer labels will appear under the payment method type and your tag. You can select more than one label. Labels are used to draw attention to the most important specifics of your offer. 

    Example: no ID verification needed, quick release, receipt required and more.

    Note: For Bank Transfers the bank name is used instead of a label.

    3. Write offer terms for buyers. Type them into the Offer terms for the buyer field.
    terms_for_buyer.png

    This info will be shown publicly in your offer. It should have short and clear details: do you want a buyer to provide a photo of his ID? Is any receipt or other document needed? Do you want the payment method to be processed in a specific manner? Will you require a considerable amount of time to process the payment? Check more info here.

    4.  Write trade instructions. Type them into the Trade instructions field.
    13.2.png

    Trade instructions will be visible once a trade has started. This should be a clear step-by-step guide for your potential trade partner. Read more information here.

    5. Choose if you need a verification filter for your trade partners by selecting the Verification checkbox.
    14.2.png
    Trading with verified users helps to avoid irresponsible users. However, the number of your potential trades will be lower as some of the users want to keep their privacy online.

    Optionally, click Advanced options for some additional settings:

    • Select a target country from the Target country drop-down list.
      You can choose countries where you would like to get your trade partners. 
    • Adjust offer visibility by selecting Show this offer only to users in your trusted list checkbox.
      Visibility can be set for your trusted users only. It is useful if you have a list of traders marked as trusted and you want to trade only within this group of people.
    • Set a minimum amount of trades required by typing a number in the Minimum trades required field.
      This is useful when you want to trade only with experienced Paxful users. Set a minimum you consider valid for you.
    • Set a fiat limit for new accounts by typing a number in the Fiat limit for new accounts field.
      You can use this option not to risk big amounts with users of a few trades and a low reputation.
    • Set limitations by countries. Select an option from the Limitation by countries list and insert a country in the field below.
      You can make your offer visible or hidden to customers from specific countries. This is related to IP address and smart country detection.
    • Adjust Proxy/VPN limitations by selecting an option from the Proxy/VPN limitations list. You can choose whether to trade with all users or avoid those with VPN and Anonymizer.

    15.2.png

    6. Configure your kiosk trade settings by selecting options from the list. To activate the Kiosk trade settings list, click Change settings.
    16.2.png

    Kiosk trades come from Paxful Kiosks implemented on partner websites. These kiosks enable the partner's customers to buy bitcoin from Paxful vendors from outside the Paxful platform. This means more incoming trades for you. These customers typically have no prior trades and have probably not created a profile or completed ID verification. You have an option to decide whether or not to allow such trades and set custom rules for them.

    7. Check if all details are correct and click Create offer to proceed.
    17.2.png

     

    Note:

    • You can always return to the previous step by clicking the Previous step button.
    • You can change and edit your offer later.
    • Offer cannot be changed once a trade has started.
    • Once your offer is created, you can check it on your dashboard. Use Vendor dashboard to edit and manage your offers.

    Your offer is created. Wait for buyers to start trades. 

    Check our Terms of Service and rules to sell bitcoin. In case of any issues, feel free to contact our Support.

  • Margin. How it works.

    To start trading on Paxful it is essential to understand how to use margin to create attractive and profitable offers. Margin can be set only by offer owner and it is fixed once a trade starts. Offer owner or vendor can buy or sell bitcoins for more than 350 payment methods available on Paxful. 

    Paxful provides an opportunity to set both positive and negative margin for each offer. 

    Positive margin: 

    Let's imagine you want to exchange your bitcoins for money directly. In this case, you create a sell offer for bank transfer. You decide that you want to earn 25% of the profit. In order to do so, you set a margin of 25%. As a result, a seller of bitcoins will get 125% of the transfer value.

    For example, trade for 100 USD bank transfer takes place. So 100 USD is 125%.

    The Bitcoin seller pays 100% to the buyer. Let's calculate how much is 100% from 125%:

    100/125 = 0.8

    This means that the buyer gets 0.8 USD worth of Bitcoin for every dollar of his bank transfer.

    In other words, the buyer gets 80 USD worth of Bitcoin, the vendor gets the 100 USD transfer value and saves 20 USD Bitcoin value from this trade.

    Please note: The escrow fee is always included in the total selling price. Escrow fee will be added to the margin percentage when a trade starts.

    Negative margin: 

    Let's say you want to create an offer to buy bitcoins for your gift cards. You decide to make your offer attractive to Bitcoin sellers and you are willing to set a negative margin of -5%.

    This makes it 95% of the total selling price.

    In an example of trade for 200 USD value gift card, the offer owner receives 190 USD of Bitcoin value. In this case, the seller will profit 10 USD per 200 USD or 5 USD per 100 USD.

    100/95 = 1.05 USD per 1 dollar - Bitcoin seller’s profit.

    Before choosing a margin for your offer, please consider margin limits set for specific payment groups.

    It is strongly forbidden to set margin only for advertising purposes or use margin to mislead customers.
     

  • Margin limits

    Paxful has margin limits for offers to maintain trade balance on the platform and to prevent market manipulations. These limits apply for offers to both buy and sell bitcoin. We have divided the margin limits into two tiers depending on your verification level.

    Maximum margin for sell offers

    Margin limits on offers that appear in the buy bitcoin section of the website.

    Tier 1

    Requirements: email verification, phone verification, ID verification.

    Payment group Margin
    Gift cards 80%
    Cash 30%
    Online wallets 50%
    Debit/credit cards 50%
    Bank transfers 40%
    Digital currencies 10%
    Goods and assets 100%


    Tier 2

    Requirements: address verification.

    Payment group Margin
    Gift cards 100%
    Cash 60%
    Online wallets 80%
    Debit/credit cards 80%
    Bank transfers 70%
    Digital currencies 40%
    Goods and assets 100%

     

    Maximum margin for buy offers

    Offers to appear in the sell bitcoin section of the website to attract sellers.

    Tier 1

    Requirements: email verification, phone verification, ID verification.

    Payment group Margin
    Gift cards 80%
    Cash 30%
    Online wallets 50%
    Debit/credit cards 50%
    Bank transfers 40%
    Digital currencies 10%
    Goods and assets 100%

     

    Tier 2

    Requirements: address verification.

    Payment group Margin
    Gift cards 100%
    Cash 60%
    Online wallets 80%
    Debit/credit cards 80%
    Bank transfers 70%
    Digital currencies 40%
    Goods and assets 100%

    Note:

    • Having a high offer margin that doesn't reflect the actual price that will be paid in trades is considered as fake advertising and is forbidden as per our TOS.
    • Some exceptions may apply to our long-term users only. Currently, we do not offer any personalized margin limits.
    • It is also possible to set a negative margin for your offers. The limit for negative margin is always -99%.
  • Writing good offer terms

    On Paxful, you can create your own offers that suit your requirements and define your own set of terms and conditions for these offers. The offer terms are a short description of your requirements related to that offer, that are shown to your trade partner, before the trade starts. Offer terms are added in the third step of the offer creation flow. The key to creating good offer terms is being short and concise about what you expect from your trade partner. Here are some tips for writing good offer terms.


    Offer tags

    You can choose offer tags while creating an offer. These tags are basically keywords that appear on the public listing and can help draw attention to your offer at the very beginning. Use these offer tags wisely to give more details to your potential trade partner quickly, and to nudge them towards starting a trade with you. 

    Here are some examples of tags that might help the trade partner understand what you need: “ID required”, “Cash only”, “Receipt required”.

    Short and concise descriptions

    The aim of the offer terms is to make sure that the trade partner understands how they need to pay you before the trade begins. If the offer terms are not clear and easy to understand, users will likely cancel the trade as they may not be sure of the process. If the offer terms are too long, the user may either cancel the trade or start it without reading them. If your offer terms are short, clear and easy to understand, you will make it very easy for your trade partners. Try to be specific and to the point without overwhelming the trade partner. Also, remember to make sure that your offer terms are in line with Paxful's Terms of Service.

    What not to do:

    1. Don’t suggest trading off-escrow. Any suggestions to trade outside the platform are strictly forbidden and will get you banned from Paxful.
    2. Don’t mention personal contact information in your offer terms.
    3. Don’t give links to external sites or share URLs.

    Examples

    Examples of good offer terms:

    PayPal

    • Your PayPal account must be verified.
    • I don’t accept payment via credit cards, debit cards, and checks through PayPal.
    • You must show proof that the funds are already available in your PayPal balance.
    • Log in to your PayPal account and make a screenshot of the email.
    • You must provide a link to your Facebook Profile.
    • I will need you to send me a screenshot of proof that the funds came from your PayPal balance.
    • Funds must be sent in the form of Goods and Services.
    • I have the right to stop trading with anyone if I suspect fraud. I will report you and do my best to have you removed from Paxful.

    Western Union

    • Cash payments only.
    • The details for Western Union payment will be provided when you start the trade.
    • Send a clear picture of the receipt.
    • No third-party deals.

    SEPA

    • This is a trade for an EU SEPA bank transfers. If you don’t have an EU bank account, this trade is not for you.
    • I want first-time traders to upload their ID.
    • The name on the identification should match the name on the bank account used to send the money.
    • The BTC will be released once payment is received. If you want to buy more BTC than I have already available, take into account it takes about half an hour for me to add more BTC to my wallet.
    • I reserve the right to ask for additional verification if I suspect you are not the person on the ID presented. However, you have the option to refuse further verification, in which case the trade will be canceled and I will send the funds back to the bank account it came from.
    • Users with brand new accounts must provide a selfie holding up their ID next to their faces.

    iTunes gift cards

    • This offer is for iTunes gift cards only, and not Apple Music cards.
    • Physical cards only, e-code pictures or codes will not be allowed.
    • Cards worth 100 USD or less only!
    • You must upload a picture of the card. Photoshopped or edited images will get you reported.

    Amazon gift cards

    • I accept only physical Amazon Gift cards that were purchased with cash.
    • Have a photo of the physical Amazon Gift card (backside with the codes clearly visible).
    • Have a photo of the receipt confirming the card was purchased with cash. Cards bought with debit will not be accepted!
    • The cards must be traded for their full value. For example, if you have a card worth 100 USD, you cannot ask me to use only 50 USD from it.

    Read more on our rules for selling bitcoins, tips for buying bitcoins and our guide on writing good trade instructions.

  • My offer is not publicly visible

    After creating your offer to buy or to sell bitcoins, there are specific requirements for your offers to become visible to other Paxful users. 

    Offer to buy bitcoin

    For your offer to be visible on the Sell Bitcoin page for potential sellers, you need to be ID-verified and have at least 0.02 BTC in your wallet on top of the minimum amount in your offer. 

    Example: 

    You’ve created an offer to buy bitcoins with bank transfer for $100. It will only be visible if you have $100 + 0.02 BTC in your wallet. The BTC amount is available to withdraw at any time but once the balance goes below this amount, your offers disappear from the public list and can be seen only if you share a direct link with a user.

    Offer to sell bitcoin

    For your offer to be visible on the Buy Bitcoin page for potential buyers, you need to be ID-verified.

    You can pass the verification process from your profile. In case of additional questions, check our ID-verification guide. 

  • How to make my offer appear higher on the public listing?

    It is good to have your offer appear at the top of the list as this gives it a better chance of being spotted by a potential trade partner. The offers are ranked based on an algorithm, and here are some actions you could take to improve the ranking of your offer.   

    • Competitive margin — Ensure that your offer is more profitable for your trade partners than other offers in the same category.
    • Have positive feedback from trade partners — The higher the number of positive feedback you gain from your trade partners the better it is for you and your offers.
    • Be online — Being online shows you are ready to trade at a moment’s notice and this is something that is appreciated on our platform.

    Here’s some additional information on how to improve your trading experience by following our rules for selling bitcoins and tips for buying bitcoins.

  • Which of my offers will show up in public listings?

    You may create as many offers as you find necessary. If you go to your Vendor Dashboard or Classic Dashboard, you’ll see all of your offers. However, if you have more than one offer with the same offer type, payment method and currency, only one of them will be shown to the public.

    If you have more than one offer for the same payment method, offer type and currency, our system will choose the most profitable margin for your potential trade partners.

    Example:

    You have two offers to sell bitcoin with bank transfers and USD:

    1. An offer with a margin of 15%.
    2. An offer with a margin of 5%.

    The second offer will be shown in the public listing.

    You have two offers to buy bitcoin for bank transfers and USD:

    1. An offer with a margin of 15%.
    2. An offer with a margin of 5%.

    The first offer will be shown in the public listing.

    Note:

    • To make another offer visible in the public listing, please deactivate the visible offer.
    • You can have numerous offers for the same payment method visible if each one of them has a different currency.
    • This rule was implemented to prevent market manipulations on our platform.
  • Using bitcoin price equations for offers

    Every trader is aware that bitcoin prices may vary on each exchange platform. Paxful values your freedom of choice and provides flexibility to choose bitcoin rates for your offers the way you find it most convenient and profitable. Creating an offer on Paxful has an option to choose a market source of bitcoin rate and an option to select a price point

    When you create an offer to buy or sell bitcoins, you can decide whether to use the regular rate offered by Paxful or select one of the most popular exchange platforms from the list in the drop-down list. The price point is also flexible.

    Offer bitcoin price = source price + margin %

    On step 2 (Profit margin and trade limits) of the offer creation flow, do the following:

    1. Click Switch to advanced mode under Percent above market rate your offer will list at.

    2.png

    Advanced mode section appears.

    2. Select an exchange platform from the Custom Price source drop-down list.

    3.png

    3. Select a price point from the Select a price point to use drop-down list.

    4.png

    Your custom bitcoin price is set. Continue with the offer flow.

    Note: You can always switch back to simplified offer flow by clicking Switch to simple mode.

    Check our common questions about price equations for more information.

  • Common questions about bitcoin price equation feature

    What is the bitcoin price equation feature?

    Bitcoin price equation is an opportunity to update the price in your Paxful offer with the price fluctuations of bitcoin from a specific exchange platform. This is an option to choose a rate from any other bitcoin exchanges and use it for your sell or buy offer. To use the price equation, see our guide.

    How is the regular (simple mode) bitcoin rate calculated on Paxful?

    Paxful offers bitcoin rate which is the average ask price between the following sources: 

    Coinbase

    Bitstamp

    Bitfinex

    What are the available rate sources in advanced mode? 

    In advanced mode Paxful offers you a list of these exchange platforms:

    Binance

    Bitfinex

    Bitstamp

    Coinbase Pro

    Gemini

    Kraken

    How often rate updates happen?

    Paxful updates rates from the exchange source every minute.

    Which price points are available?

    Here is the selection of price points:

    Ask The ask price is the current lowest price that a bitcoin seller is willing to accept from a buyer. 

    Bid  The bid price is the current highest price that a bitcoin buyer is willing to pay to a seller.

    24 high The highest bitcoin price of all completed trades on the exchange platform during the last 24 hours.

    24 low The lowest bitcoin price of all completed trades during the last 24 hours.

    Average The average bitcoin price of all completed trades for the last 24 hours. 

    Last The price of the latest completed trade according to the exchange platform selected.

    Note: The choice of available price points may vary depending on the rate source you choose.

    How my potential trade partners will see my custom bitcoin rate?

    For your trade partners, there is no special sign letting them know that you are using a custom bitcoin price. However, your custom bitcoin rate will affect directly the percentage above or below market price and how much traders will get on dollar.