General

General

  • What is Bitcoin?

    Bitcoin is an online currency that can be sent to anywhere in the world using the internet, just like sending an email.

    To send or receive bitcoins, you’re going to need a bitcoin wallet. A bitcoin wallet is your very own online wallet where you can store all your hard-earned bitcoins. When you join Paxful, you get a safe, free and super simple to use bitcoin wallet. The Paxful bitcoin wallet works with every other wallet. With every bitcoin wallet comes a wallet address. You can send your wallet address to people and they, in turn, can send bitcoins to your wallet. With your very own wallet, you can send, receive, and store bitcoin. You can also see all transactions just like your online banking.

    You can also use bitcoin to buy things online from stores that accept it as a payment method. Ever since its invention, there have been more and more businesses that accept bitcoin as payment so go try your luck, and the store you’re looking at might accept bitcoin. Imagine the convenience of doing all your business transactions online using a safe and reliable wallet like Paxful’s.

    The most challenging part of bitcoin is getting your first bitcoin. This may be even harder for you if you don’t have a bank account. Luckily, Paxful accepts over 300 methods of payment so look through them and see which one works best for you. At Paxful, you buy bitcoin from Paxful vendors which are people who sell their bitcoin at a profit. This is because they accept many different forms of payments like gift cards, Western Union, bank transfers, and much more. Getting your hand on some bitcoins has never been this easy! When you decide on a way to pay and find a good deal, then follow the instructions the vendor gives you and you will have bitcoins to your wallet in minutes.

    Once you’ve got your first bitcoin, be sure to secure your account with activating our 2-Factor Authentication or better yet, use Google Authenticator for a much more secure experience. With those in your hand, you are ready to bask in the glory of peer-to-peer finance!

    Paxful provides a safe marketplace where you can buy and sell bitcoins using over 300 payment methods! Read more about how to use our platform and keep on trading using Paxful!

  • What is Paxful?

    Paxful is a leading peer-to-peer finance platform for trading bitcoin.

    In 2014, Ray Youssef and Artur Schaback founded EasyBitz which was then renamed to Paxful. They had one goal in mind when they created it: to make bitcoin easier for everyone from businesses to merchants.

    A lot of big problems in the world revolve around money, specifically earning it and transporting it. Sending money around the world is not fast or cheap in any way, but Paxful changed that.

    Paxful is the leading peer-to-peer bitcoin marketplace where buyers and sellers are connected for business. Having over 300 payment methods available on Paxful makes it incredibly easy to find suitable offers. We give the users complete control over their money. Along with our escrow system and our dedicated 24/7 customer support, Paxful is also extremely secure if you know how to minimize the risk and know how to secure your account. Upon sign up, Paxful users are given a FREE wallet.

    The peer-to-peer system of Paxful removes borders and limits. You can think of your Paxful account as your very own financial passport. With it, you can send money and buy things from halfway around the world. Build a business with our affiliate program.

    Our community has over 2 million users and it continues to grow. These users can make trading on Paxful extremely easy and hassle-free.

    That is Paxful. Money Your Way!

    Create your very own Paxful account today!

  • Payment methods

    There are over 300 ways to buy and sell bitcoins on Paxful.

    Here are some of our more popular payment options:

    1. Buy bitcoins with Bank TransferCash
    2. Buy bitcoins with Online Wallets like PayPal, Skrill, Neteller
    3. Buy bitcoins with iTunes gift cards
    4. Buy bitcoins with Amazon gift cards
    5. Buy bitcoins doing local trades for Cash In-Person
    6. Buy bitcoins with altcoins like Ethereum, Litecoin, Ripple and so on.

    By clicking here, you can search for the ways you want to pay. All you have to do is input the amount of bitcoins you want to buy, the currency and the payment method you’ll be using. If you can’t find the payment method you’re looking for, you can always suggest one! It’s as simple as looking for a link that says “Your payment method doesn’t exist? Click here to suggest a new one”. 

    The ways in which you can buy bitcoins are called “payment methods”.

    Each way you can buy bitcoin is called a “payment method”. You can find a list of all available payment methods here. This list is always growing as Paxful traders in the market are creating new payment methods all the time. Each payment method has its own specifics and risk levels that you need to familiarize with before starting a trade. The peer-to-peer system that Paxful has, encourages this as it makes it easier to buy bitcoins. 

  • Paxful fees

    Trade Bitcoin

    Payment Group Sell Bitcoin Buy Bitcoin
    Bank Transfers 0.5% no fee
    Credit/Debit Cards 1% no fee
    Digital Currencies 1% no fee
    Online Wallets 1% no fee
    Cash 1% no fee
    Gift Cards

    2% for every other gift card

    5% iTunes and Google Play

    no fee

     

    Send Bitcoin

    Wallet Type Send Out Incoming
    External Wallet 0.0005 BTC flat fee no fee
    Internal Wallet

    5 per month - no fee

    more than 5 per month - a fee of $1.00 or 1% of the sending amount, whichever is greater.

    no fee

     

    Buying Bitcoin

    • Paxful does not charge any fees to customers who are buying bitcoin.
    • When purchasing bitcoin from another customer on Paxful, you are buying bitcoin at a rate set by the customers themselves. These rates vary based on numerous factors such as your verification status, payment method, currency pair (such as USD, EUR, CNY), and order size.
    • Be sure to evaluate each offer that you choose when buying bitcoin. Tips on how to buy bitcoin can be found here.

    Selling Bitcoin

    • Paxful charges fees to customers who sell bitcoin.
    • The fee varies depending on the method of payment you accept for selling your bitcoin.
      • Bank Transfers: 0.5%
      • Credit/Debit Cards: 1%
      • Digital Currencies: 1%
      • Online Wallets: 1%
      • Cash: 1%
      • Gift Cards: 5% iTunes and Google Play. 2% for every other gift card.
    • This escrow amount is deducted from your Paxful wallet at the beginning of the trade. Upon successful completion of the trade, Paxful receives the escrow fee. If the trade is not completed, i.e bitcoin is released from escrow back to the bitcoin seller, Paxful takes no fee.

     Sending Bitcoin

    • Paxful charges a flat wallet send out fee of 0.0005 BTC for every send out from the wallet to an external Bitcoin address.
    • This fee covers the associated miner fee and maintenance of our secure wallet infrastructure.    
    • Sending bitcoin to another Paxful customer is free of charge for the first 5 transactions sent per month. After that, a fee of $1.00 or 1% of the sending amount, whichever is greater, will be applied to each transaction sent to another Paxful customer. The fee will be charged in Bitcoin and calculated based on the market rate of Bitcoin at the time of the transaction. If you do not have Bitcoin equivalent to $1.00 you will not be able to send funds.

    Please note: An internal wallet send out fee of $1.00 or 1% has been established due to the high amount of off-escrow trades on our platform. Off-escrow trades are trades made without our consent as they happen out of our regular trade process. This fee is used to prevent certain users from abusing our Terms of Service.

Buy and Sell Bitcoin

Buying Bitcoins

  • Buying bitcoins

    Bitcoin is very exciting and we are very happy that you are taking this journey with us.

    Before you can buy, you must first create an account on Paxful. Paxful provides all of our users a free Bitcoin wallet upon sign up. Once you sign up, you will be assigned a wallet automatically.

    This guide will help to find existing offers to buy bitcoin. If you want to create your own offer, please see our article on creating offers

    Video

    Here’s a short video on how to buy bitcoins instantly:

    Step 1 Setting up search requirements

    1. Log in to your Paxful account and click Buy Bitcoin.

    Buying1.png

    The Buy bitcoin page appears.

    2. Click Show All or Any payment method field and select your preferred payment method to buy bitcoin on the dialog box that appears.
    Alternatively, click VIEW OFFERS FOR ALL PAYMENT OPTIONS to see the list of all payment methods available.

    3. Click Any currency and select your currency from the list. Enter the amount you want to trade in the Amount field.
    You can leave the Amount field empty if you do not have any specific amount in mind.

    4. Select your country from the Location list.

    5. Click SEARCH FOR OFFERS. The offer list is updated according to your search requirements.

    Buying2.png

    Step 2 Finding an offer

    1. Browse through the list of offers.
    The list begins with offers that have:

    • Sellers with the best rating and reputation.
    • Sellers who are the most active on the platform and are ready for instant trade.
    • The most profitable discounts or margin.

    Check the tags and labels for additional information about an offer. When you find an offer you like, click Buy.

    Buying3.png

    Note: Your trade hasn’t started yet, at this point.

    The Offer page appears.

    Study all details of the offer such as:

    • Buy limits — is the offered amount neither too low nor too high?
    • Seller’s rate — does it look profitable for you?
    • Time limit — will you manage to execute the payment within this timeframe?
    • Offer terms — is the seller requesting additional documents or having specific requests as part of the trade procedure?

    Offer_temrsNew.png

    2. Enter the amount you are ready to trade in the Fiat currency field or BTC field. Click BUY NOW.
    You can click Take a Tour to receive a walk-through of the process in case you have any questions or doubts.

    Buying5.png

    The Trade chat page appears.

    Step 3 Trading

    Discuss the necessary details with your partner using our trade chat and follow their instructions carefully.

    follow_instr.png

    After making the payment, click Paid.

    Buying7.png

    The Confirmation dialog box appears.
    Click Yes, I have followed all the instructions above.

    Note:

    • You can always cancel the trade by clicking Cancel.
    • In case of any trouble or disagreement, click Dispute to invite our moderators to investigate the case.

    The seller releases BTC from the trade escrow to your Paxful wallet. The trade is completed successfully. 

    Tip:

    • After the seller of bitcoin has released funds from the trade escrow into your Paxful wallet, consider leaving feedback. This helps other traders to understand who they are dealing with.
    • You can click Click to add Username to your contacts and find them easily to buy bitcoins again to find the user easily in the future. This will help you to create your own trading community with users you trust.

    Check our tips for buying bitcoin for more information. In case if you want to sell bitcoins, explore the following guide.



  • Tips for buying bitcoins

    Buying bitcoin can be tough at first but if you follow these simple tips, you’ll be able to buy bitcoin easily, safely, and quickly. 

    To get you started, here are a couple of tips that could help you with your start at Paxful: 

    1. Take note of the minimum trade amount. If you’re buying bitcoin, the current minimum is 10 USD. If you’re selling, then the minimum is 0.001 BTC.
    2. Find a vendor with a good feedback score. A vendor’s reputation is displayed in green with a + before it. For example +1305 -1 means they have +1305 good feedback scores from buyers and only 1 negative. Someone with a feedback score +200 or higher is ideal. Better if the seller is ID verified.

    3. ALWAYS read the terms of the offer BEFORE you start the order. Vendors should mention what they expect and what you will need to provide. For example, for gift cards, many vendors require a receipt showing that the gift card was bought with cash. If they ask for this and you can’t provide it, then it’s better to not deal with them and just look for someone else. If you CAN provide all the requirements, then make sure you have everything ready BEFORE you start the order.
    4. Be aware of the PRICE. Buying bitcoins is never 1 to 1. Vendors charge a fee to convert a gift card or cash into bitcoin. The price of the fee varies among vendors and really depends on who you buy from, so be on the lookout for the best deals. The offer page always includes the price of each vendor.
    5. Read the vendor’s instructions. These are the more specific instructions that follow after you have started the trade. They’re usually given at the very beginning of the chat. If at any point you need help clarifying or complying with an instruction, feel free to ask the vendor in the trade chat.
    6. Click the “Mark as Paid” button ONLY when you have actually paid. Once you’ve clicked the  “Mark as Paid” button, the countdown timer stops and the order can no longer expire. This is important because if you sent the vendor the payment info such as a gift card code and the offer expires, then the escrow is released and you won’t get your bitcoins. The “Mark as Paid” button also provides security from dishonest or forgetful vendors. If you click the “Mark as Paid” button and you haven’t paid, the vendor might think you’re a coin-locker or someone trying to scam him/her. Be sure to click the button only once you’ve paid to prevent complications.
    7. Brokering gift card codes is STRICTLY prohibited on Paxful. Brokering is when you buy a gift card code from someone, thinking you can sell it later to someone else. Even if you checked the code when you bought it, the person who sold you the code can use it anytime without your knowledge, and this is why it is against the Paxful Terms of Service. If you keep trying to give vendors bad codes, you will be reported and banned. It will also not only waste your own time but also the time of others. Remember to only use gift cards you have bought yourself.
    8. Using 3rd parties for doing payments is not allowed. You must be the actual payer and be the original owner of the submitted payment (Owner of the gift card, credit card, bank account, an account of online payment platform). Being a middleman in paying for bitcoins is not allowed and can be considered as a scam.
    9. Only trade for the WHOLE AMOUNT of the gift card. If you have a $50 gift card, then you can’t trade for a fraction of that (ex. Asking someone to take only $33 only out of your $50). Note that the vendor can only take the whole amount so if you start order for $33 and he takes $50, the only way to get your change back in bitcoin is by starting a new trade for the difference. Vendors ranges may not meet that amount or the vendor may take down his offers or go offline, so don’t make this mistake.
    10. NEVER ask the vendor to release the bitcoins first. This is grounds for an instant ban as it indicates a scam. The escrow is there so you know the bitcoins are there and waiting for you until you complete payment.
    11. Be polite to the vendors. They go through a lot of tough customers and being polite can save you a lot of time. Being polite is about a lot more than your language, it’s about following their instructions as well. Note that if there is a dispute, the moderator will take language into account.
    12. Not Interested? Cancel. If you are no longer interested and have not yet paid the vendor, feel free to cancel the trade. It will free up their escrow and let them continue to trade with others. This is considered to be good manners and proper etiquette on Paxful. If you don’t end up cancelling and leave the trade hanging, the vendor will have to file a dispute or report you, which will probably result in you getting negative feedback. You can see all your active open trades on your dashboard. Click “Chat” and go in and cancel them by clicking on ACTIONS and then click the red “Cancel” button.
  • Buying bitcoins with bank transfer

    Bank transfers are a popular payment method on Paxful and it’s extremely easy to buy bitcoins using bank transfers.

    The first step to buying bitcoins with bank transfers is to look for an offer that accepts bank transfers as payment. You’ll also need to input the amount you wish to purchase and the currency you prefer.

    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 vendor will be requiring from you in regards to payment. Once you have started the trade, a more detailed set of instructions will appear. These are called trade instructions. In some cases, vendors will already have their bank information on the offer instructions but if they don’t, feel free to greet the vendor and politely ask for the bank information.

    After you have paid the vendor and uploaded proof of your payment, be sure to click “Mark as Paid”. If you don’t click on it, the trade will eventually expire and the bitcoins will go back to the vendor.

    The next step is for the vendor to confirm the payment. Please be patient because this may take some time. Once the vendor has confirmed the payment, he/she should release the bitcoins to you and the trade will be complete. The only thing left for you to do would be to leave appropriate feedback for your trade partner.

  • Buying bitcoins with online wallets

    There is a variety of online wallets available on Paxful (such as PayPal and Skrill) and they can be used to buy bitcoins on Paxful.

    The first step of buying bitcoins with online wallets is to look for an offer that accepts that specific online wallet you’re looking for. To do this, you’ll need to input the amount you wish to purchase and the currency you prefer as well as the payment method you’ll be using.

    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 vendor will be requiring from you in regards to payment. Once you have started the trade, a more detailed set of instructions will appear. These are called trade instructions. What the vendor will require from you will vary depending on which specific online payment you’ll be using. For example, online wallets such as PayPal, Skrill, and Neteller will normally require an image of your ID.

    After you have paid the vendor and uploaded proof of your payment, be sure to click “Mark as Paid”. If you don’t click on it, the trade will eventually expire and the bitcoins will go back to the vendor.

    The next step is for the vendor to confirm the payment. Please be patient because this may take some time. Once the vendor has confirmed the payment, he/she should release the bitcoins and the trade will be complete. The only thing left for you to do would be to leave appropriate feedback for your trade partner.

  • Buying bitcoins with cash

    Cash is a popular payment method on Paxful and it’s extremely easy to buy bitcoins using cash.

    The first step to buying bitcoins with cash is to look for an offer that accepts cash as payment. You’ll also need to input the amount you wish to purchase and the currency you prefer.

    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 vendor will be requiring from you in regards to payment. Once you have started the trade, a more detailed set of instructions will appear. These are called trade instructions. In some cases, vendors will already have their bank information on the offer instructions but if they don’t, feel free to greet the vendor and politely ask for the bank information.

    Usually, for cash, vendors will require a teller receipt from you. After you have paid the vendor and uploaded proof of your payment, be sure to click “Mark as Paid”. If you don’t click on it, the trade will eventually expire and the bitcoins will go back to the vendor.

    The next step is for the vendor to confirm the payment. Please be patient because this may take some time. Once the vendor has confirmed the payment, he/she should release the bitcoins to you and the trade will be complete. The only thing left for you to do would be to leave appropriate feedback for your trade partner.

  • Buying bitcoins with digital currencies (altcoins)

    It is possible to buy other digital currencies (altcoins) on Paxful and it’s just as easy as buying bitcoins.

    Buying altcoins on Paxful has the same process as selling bitcoins. The first thing you have to do is to make sure that you have bitcoins in your wallet. If you don’t have any balance in your wallet, that means you’ll have to buy bitcoins first. Once you have Bitcoin on your account, you have to click on the Sell section and choose the category you wish to get in return for your Bitcoin.

    In case you do not like the price of the existing offers you could also create an offer of your own. For example, you’re looking to buy Ethereum (ETH) on Paxful. Create a sell offer asking for Ethereum as your payment method and when another user has clicked on your offer, he/she should then send Ethereum to your wallet address. After you’ve confirmed that you’ve received the payment, you can then release the bitcoins to your trade partner. Remember to give clear and concise offer terms and instructions. These will make your trade easier and more efficient.

See all 9 articles

Selling Bitcoins

  • Selling bitcoins

    Selling bitcoins on Paxful is easy and safe. 

    This tutorial is going to explain an overall step-by-step guide on how to sell bitcoins through Paxful. The guide was made to help you better understand the process and make you aware of some risks that you may face when selling your Bitcoin on the site. The current guide will help to find existing offers. If you want to create your own offer, please check this guide.

    Before you start selling Bitcoin through Paxful, you must create an account and top up your wallet with some bitcoins. Once you are ready, you can start selling.

    Step 1

    Hover over the “Buy Bitcoin” button and click “Sell Bitcoin”. 

    SellBitcoinStep1__.png

    Step 2

    Set your preferred offer requirements:

    • Choose your preferred payment method from a list of over 300 payment methods.

    SellBitcoinStep2_.png

    SellBitcoinStep2.1.png

    • Select the amount you’ll be spending. 

    SellBitcoin2.2.png

    • Choose the currency you wish to deal in. 

    SellBitcoinStep2.3.png

    • Select a country.

    SellBitcoinStep2.4.png

    Step 3

    Сlick “Search For Offers” and you will see a list of offers to choose from. Remember to look at every detail of each offer as all of them are important in finding the right offer: rate per Bitcoin, buyer’s reputation/activity etc.

    SellBitcoinStep3.png

    Step 4

    Choose an offer and click “Sell”. This will not start a trade but will guide you to the offer details.

    Please note: You can click on a user to open his profile for more details on your potential trade partner. Note the user’s reputation, activity, verification level, BTC volume, amount of trusted by or blocked by, when the user joined Paxful.

     

    SellBitcoinStep4.png

    Step 5

    Read the offer terms and decide if the offer conditions fit you.

    SellBitcoinStep5.png

    Once you read through the buyer’s offer terms and are happy with them, enter the amount you are willing to trade for and click “Sell Now”.

    SellBitcoinStep5.1.png

    Step 6

    Now trade is open with the instructions and the chatbox. Your bitcoins are in the secured escrow connected to the trade. 

    Follow all instructions of the offer owner: send the required files and documents, provide necessary information for the payment.

    SellBitcoinsStep6.png

    Make sure you receive funds from the buyer. The buyer must confirm within the trade that he has paid you. 

    Click “Release bitcoins”. Bitcoins will go from trade escrow to the buyer’s Paxful wallet.

    SellBitcoinStep6.1.png

    Please note:

    • Once a trade has started the amount of BTC in escrow is fixed. It will not change according to fluctuations!
    • Do not click “Release bitcoins” button unless you are 100% sure about receiving the payment! Please check our tips on how to protect yourself from scammers.
    • The BTC amount transferred to trade escrow includes a Paxful fee.
    • You cannot cancel the trade before the time limit runs out.
    • You cannot cancel the trade if the buyer confirmed making the payment.
    • If you see that your trade partner is acting against our Terms of Service, you can start a dispute and wait for our Moderators to step in the argument.
    • You can also register a report, which will be filed on the buyer’s profile and will be viewed and investigated later by our dedicated department.

    Now bitcoins are released to the buyer’s wallet and you have received funds with your preferred payment method. 

    Useful Tips:

    •  After a trade, you can always download a public receipt.SellBitcoinStep6.2.png 
    • Public receipt:

    SellBitcoinStep6.3.png

     

    • Do not forget to leave feedback to your trade partner. Feedback on our platform creates your reputation and is extremely valuable for each user.

     

    SellBitcoinStep6.4.png

    Here are some of the more popular payment methods for buying and selling bitcoins:

    1. Want $1-$30? Gift cards might be a good option for you. There is a wide variety of gift cards available on Paxful such as iTunes, Target, Amazon, Walmart, BestBuy, or Gamestop. You can also use OneVanilla prepaid gift cards as well. Just buy one at a drug store and search for a good deal.
    2. Want to buy with a debit, credit, or prepaid gift card? Some vendors may ask for ID and the price might be a little bit higher than other payment methods, but you will get your bitcoins instantly.
    3. Want the BEST PRICE? Buy with bank cash deposit. Start talking to a vendor and get his bank account number and deposit the cash to the teller. You won’t even need a bank account as you’re paying with cash anyway.
    4. Want to buy bitcoins with PayPal, Netspend, Skrill, or other online wallets?

     

     

  • Rules for selling bitcoins

    Being a Paxful vendor can be very profitable if a few basic rules can be followed.

    To get you started, we’ve compiled a few tips to make selling bitcoin not only easy but safe and secure as well:

      1. You, as a Vendor, should accept ALL risks and liabilities that come with trading. It is up to you to protect yourself.
      2. No brokering is allowed. This applies to gift cards. Brokering is when you buy a gift card code from someone, thinking you can sell it later to someone else. This goes against the Paxful Terms of Service and is strictly prohibited.
      3. You must be responsive to buyers. If you are not at your computer, then please take down all your offers. When a customer shows up, say “Hi” and let them know you are ready to trade and help them.
        For example “Hi, I am ready to help you, please follow the instructions and you can have your bitcoins in no time!“.  Hardly sounds like something you need to mention to any sane merchant, but you’d be surprised how many vendors leave their offers up and take a nap or don’t think that responding to buyers is necessary; that they should just read the instructions or wait for them for a half hour. 50% of cancelled trades are due to an unresponsive vendor.
      4. You must maintain a civil tone with your customers at all times. No foul language or abusive tone is allowed. It’s bad for business.
      5. You must have full offer terms and trade instructions in simple short bullet points. 
      6. If the release of bitcoins happens NOT instantly and you have a specific time frame for the payment confirmation. This must be clearly stated in your offer terms and trade instructions. You as a vendor must make sure that the buyer understands that the release of bitcoins may be reasonably delayed. Release time may not exceed the time stated in your terms. (Remember that Paxful advertises p2p service as instant.) 
      7. Clear and short offer TERMS. This is what you, as a vendor, expect from the customer to complete the purchase. The buyers see this BEFORE the trade begins. It may contain important information about the trade (Ex. things like uploading an ID, uploading a cash receipt, telling them they need to have a physical gift card etc..) There are already many offer tags for the most common terms but CUSTOM terms must be clear and concise. You should use bullet points, be as straightforward as possible, and cut out any and all unnecessary text. Remember! Buyer's don't like complicated terms. Clear offer terms also help cut down disputes and give you a much better standing with Paxful moderators during a dispute. Never ever leave this blank, a buyer will just skip you and find someone else otherwise. Learn how to write optimal offer terms here.
      8. You must have full simple trade instructions of exactly what you want them to do. Use bullet points to keep it short and sweet. Click here for some tips on how to write good trade instructions.
      9. Provide your customers with helpful aids and examples if necessary. For example, if you require them to upload a selfie with photo ID, then put an example picture (one with face and details blurred out).
      10. You may not use multiple accounts to get an advantage in the number of listed offers or its position in the list. This is an unreasonable advantage in the natural market competition which is considered as system abuse.
      11. It’s important that you know what the minimum trade amount is on Paxful. Currently, the minimum trade amount is 10 USD to buy bitcoins. If you are selling bitcoins, the minimum is 0.001 BTC.
      12. No using 3rd parties for payments. You as a vendor are the person responsible for accepting and processing payments. If you have no control over the payment and you transfer responsibility to others this can be considered as fraud.
      13. No off-escrow trades allowed, no sharing contacts or off-site communications. It’s important that you DO NOT give other users your contact info for external trading. Paxful escrow must be used at all times or else you will be banned. No exceptions. This helps to prevent you from being reported for off-escrow trading and unnecessary provocation.
      14. No negotiation. The buyer of bitcoins must pay the exact price that is set for this trade. If the seller needs to make an adjustment, trade must be re-opened for the correct amount. 

    Stick to the rules above and you should be able to make a very profitable living on Paxful.

  • Safety tips

    Gift Cards

    • To avoid gift card de-activation, ask for a receipt and make sure the gift card is bought with cash.
    • Watch out for card re-sellers. If the card was obtained from 3rd parties there is a risk that card becomes invalid during or after the trade. Ask everyone to provide a picture with your username and trade ID. 
    • Be careful when accepting e-codes or gift cards bought with debit/credit cards as any debit/credit card purchase can be charged back.

    Cash

    • This is the payment method with the least risk but the smallest profit margin but purchase amounts are higher compared to gift cards.
    • Make sure the buyer deposits cash to your name and asks for the receipt. 
    • Make sure that you are trading with is the actual person making a deposit. Avoid 3rd parties involved in doing deposits.

    Online Wallets

    • First, make sure that the buyer’s account is verified on that wallet (i.e verified PayPal account)
    • Ask for the ID of the buyer. Make sure the full name matches on both the ID and the online wallet account.
    • Note that it could be easily charged back since every payment is tied to a debit/credit card. If you want less risk, make sure that the buyer is sending the payment from their PayPal balance instead of a debit/credit card.
    • Make sure that you are trading with the owner of the account and no 3rd parties involved. 
    • For extra precaution, you can ask the buyer to write, on a piece of paper, the confirmation of the purchase of bitcoins along with the trade ID, amount, and that the payment as final. You can then tell the user to take a picture of that. In case of a chargeback, you can show it as evidence.

    Debit/Credit Cards

    • This method is just as risky as online wallets as you could easily be charged back. The tips for avoiding the risks for this are the same as online wallets except that the name of the debit/credit card has to match with the one on ID.

Offers

  • Creating offer to buy bitcoin

    Want to purchase Bitcoin? Do you have money in the form of digital currency, cash, prepaid card or any other payment method? In order to set your own exchange rules and create a flow of trades, you need to create your own offers. This guide will give an overview of how to create an offer to buy bitcoins on Paxful. 

    Before we start, make sure to create an account.

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

    Step 1

    Login into your account. Click on “Create An Offer”.

    1_.png

    Step 2 

    Choose “Buy Bitcoin”. Now you will create an offer to attract Bitcoin vendors. This offer will appear in Sell Bitcoin section of our website. From our users’ perspective, they will use your Buy offer to sell their bitcoins.

    2_.png

    Step 3

    Select a payment method.

    3_.png

    Here you need to choose what you want to buy Bitcoin with:

    1. Select the payment group from the left box.
    2. 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 name and an option will appear in the second list. If your payment method has been registered already, it will appear for you to select it.

    Cannot find your payment method on our list - suggest it as a new one!

    3. Choose the correct currency. Only one currency per offer is allowed. 

    Please note: 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.

     

    4_.png

    Check if all details are correct and click “Next step” to proceed.

    5_.png

    Step 4

    Setting market rate and trade limits.

    6_.png

    1. Choose how much you want to earn on each purchase.

    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 margin here.
    You will see on the screen a clear explanation of how much you will earn according to the percentage selected.

    Please 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.

    As a default, we offer a Bitcoin price which is average ask price between Coinbase, Bitstamp, Bitfinex. For more flexibility click on “Switch to advanced mode”.

    2. Set offer trade limits.

    Here you can choose how much Bitcoin in fiat currency you want to buy.

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

    3. Choose the offer time limit.

    We appreciate the time of our users and provide an option to set a timeframe for Bitcoin buyers to complete the payment.

    Please note: Some payment methods require you to have BTC on your balance to make your offer publicly visible. For example, Bank transfers need 0.02 BTC. It may be inconvenient if you want to earn your first bitcoins. However, this rule was created to protect our Bitcoin sellers from irresponsible users, who abused our platform. Thank you for your understanding.

    Check if all details are correct and click “Next step” to proceed.

    7_.png

    Step 5

    Customize trade partner terms and instructions.

    8_.png

    1. Choose offer tags.

    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.

    2. Select the offer labels.

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

    Please note: For Bank Transfers the bank name is used instead, which you fill in on Step 3 form this guide.

    9_.png

    3. Write offer terms for sellers.

    This info will be shown publicly in your offer listing. 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. Set trade instructions.

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

    Click on “Advanced options” for some additional optional settings: 

     10_.png

    1. Select a target country. 

    You can choose a country where you would like to get your main traffic from. 

    2. Set a verification filter for your trade partners.

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

    3. Adjust offer visibility.

    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.

    4. Minimum trades required.

    This is useful when you want to trade only with experienced Paxful users. Set a minimum you consider valid for you.

     11_.png

    5. Set a fiat limit for new accounts.

    You can use this option not to risk big sums with users of a few trades and a low reputation.

    6. Limitation by countries.

    Now you can select users from which countries can see your offer and which will not have it visible. This is related to IP address and smart country detection.

    7. Proxy/VPN limitations.

    Finally, you can also choose whether to trade all users or avoid those with VPN and Anonymizer.

    Check if all details are correct and click “Create offer” to proceed.

    12_.png

    Please note:

    • You can always return to the previous step by clicking on “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 in your dashboard. Use Vendor dashboard to edit and manage your offers.

    13_.png

    Now you are good to go. Wait for sellers to start trades. Be aware of our Terms of Service, tips and notifications. In case of any issues, feel free to involve our Customer Experience Team.

  • Creating offer to sell bitcoin

    Want to sell your bitcoins? Paxful provides an opportunity to exchange Bitcoin for more than 300 payment methods. In order to set your own rules and create a flow of trades, you need to create your own offers. This guide will give a short overview of how to create an offer to sell bitcoins on Paxful.

    Before we start, make sure to create an account and top up your wallet with bitcoins.

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

    Step 1

    Login in to your account. Click on “Create An Offer”.

    1_.png

    Step 2 

    Choose “Sell Bitcoin” . Now you will create an offer as a Bitcoin vendor. This offer will appear in Buy Bitcoin section for other users as they will be looking for an option to buy Bitcoin.

    2_.png

    Step 3 

    Select a payment method.

    3_.png

    Here you need to choose how you want to get funds for your Bitcoin:

    1. Select the payment group from the left box.
    2. 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 name and an option will appear in the second list. If your payment method has been registered already, it will appear for you to select it.

    Cannot find your payment method on our list - suggest it as a new one!

    Please note: The escrow fee depends on the payment method.

    3. Choose the correct currency. Only one currency per offer is allowed.  

    Please note: For Bank transfers, it is important to insert the bank name and the country where the bank account is registered. This will help to avoid any misunderstandings with your potential trade partners.

    4_.png

    Check if all details are correct and click “Next step” to proceed.

    5_.png

    Step 4

    Setting market rate and trade limits.

    6_.png1. Choose how much you want to earn on each sale.

    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 margin here.
    You will see on the screen a clear explanation of how much you will earn according to the percentage selected.

    Please note:
    • Do not set a very high percentage to attract customers and negotiate the price within a trade. It is against our Terms of Service.
    • Escrow fee will be added above the profit percentage.

    As a default, we offer a Bitcoin price which is average ask price between Coinbase, Bitstamp, Bitfinex. For more flexibility click on “Switch to advanced mode”.

    2. Set offer trade limits.

    Here you can choose the fiat amount you want to get for your Bitcoin.

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

    3. Choose the offer time limit.

    Users can be not as fast or active as needed. We appreciate the time of our vendors and provide an option to set a timeframe for Bitcoin buyers to complete the payment. This helps to prevent your bitcoins from being blocked in a pointless trade with a non-responsive trade partner.

    Check if all the details of your choice are correct and click “Next step” to proceed.

    7_.png

    Step 5

    Customized trade partner terms and instructions.

    8_.png1. Choose the offer tags.

    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, adds additional information to it. Example: All bank transfers, Instant payment, All Nigerian banks, Long term buyer needed.

    2. Select the offer labels.

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

    Please note: For Bank Transfers the bank name is used instead, which you fill in on Step 3 from this guide.

    9_.png

    3. Write offer terms for buyers.

    This info will be shown publicly in your offer listing. 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 check the payment before releasing bitcoins? Check more info here.


    4. Set trade instructions.

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

    Click on “Advanced options” for some additional optional settings: 

    10_.png

    1. Select a target country. 

    You can choose a country where you would like to get your main traffic. 

    2. Set a verification filter for your trade partners.

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

    3. Adjust offer visibility.

    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.

    4. Minimum trades required.

    This is useful when you want to trade only with experienced Paxful users. Set a minimum you consider valid for you.

    11_.png

    5. Set a fiat limit for new accounts.

    You can use this option not to risk big sums with users of a few trades and a low reputation.

    6. Limitation by countries.

    Now you can select users from which countries can see your offer and which will not have it visible. This is related to IP address and smart country detection.

    7. Proxy/VPN limitations.

    Finally, you can also choose whether to trade all users or avoid those with VPN and Anonymizer.

    Check if all details are correct and click “Create offer” to proceed.

    12_.png

    Please note:
    • You can always return to the previous step by clicking on “Previous step” button.
    • You can also change and edit your offer later.
    • Offer cannot be changed once a trade has started.

    Once your offer is created you can check it in your dashboard. Use Vendor dashboard to edit and manage your offers. 

    13_.png

    Now you are good to go. Wait for buyers to start trades with. Be aware of our Terms of Service, tips and notifications. In case of any issues, feel free to involve our Customer Experience Team.

     

  • 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 menu. The price point is also flexible.

    Offer Bitcoin price = source price + margin %

    So you create an offer as usual but on step 2 you can do the following:

    1. Click on "Switch to advanced mode" in the upper left side of the box.PriceEquations1editedlast.png
    2. Select an exchange platform from the drop-down menu for "Custom Price source".PriceEquations2.PNG
    3. Choose a price point from the box "Select a price point to use".PriceEquations3.PNG
    4. Choose your preferred margin.PriceEquations4.PNG

    You can always switch back to simplified offer flow by clicking on "Switch to simple mode".

    PriceEquations5editedlast.png

    How is the regular (simple mode or Paxful last price) 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

    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.

    avg - The average Bitcoin price of completed trades for the last 24 hours. 

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

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

    When traders will search for Sell offers, they will see the % above/ below market price. Market price, in this case, is Paxful last rate.

    tempsnip.png

    If you want to sell Bitcoin, traders will see how much they will get on the dollar.

    Priceequations6.png

  • 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. These limits are valid both for offers to buy and sell Bitcoin. 

    Sell offer max margin

    Offers to appear in the buy Bitcoin section of the website.

    Payment group Margin
    Gift cards 80%
    Cash 30%
    Online wallets 30%
    Debit/credit cards 50%
    Bank transfers 20%
    Digital currencies 10%

    Buy offer max margin

    Offers to appear in the sell Bitcoin section of the website.

    Payment group Margin
    Gift cards 80%
    Cash 30%
    Online wallets 30%
    Debit/credit cards 50%
    Bank transfers 20%
    Digital currencies 10%

     

    Note: Margin limits are set to maintain trade balance on the platform and to prevent market manipulations. Having a high offer margin (i.e. 100%, 200%,500%, 900%) that doesn't reflect the actual price that will be paid in trades is considered as fake advertising and is forbidden by our TOS.

  • Writing good offer terms

    The key to good offer terms is being short and concise about what you need.

    The offer terms are a short description of the requirements BEFORE the trade begins.

    Briefly explain to your customers what you expect of them and what they need to have ready to pay you. Give short details on how you wish to be paid, what documents are required, and what other terms they need to follow.

    Use offer tags to give more details to your potential buyer.

    Offer tags can help you describe what you need from the buyer further. “ID REQUIRED”, “CASH ONLY”, “RECEIPT REQUIRED”, etc. are examples of tags that might help the buyer understand what you need. If you can’t find a tag that suits your needs, feel free to suggest a new one on the “Create an Offer” page.

    Remember to make your offer terms short and concise.

    With the offer terms, you have to make sure that the buyer will understand what he/she needs to pay you BEFORE the trade begins. If the offer terms are NOT clear and easy to understand, users will likely cancel the trade because they would not be sure of what happens next, if the offer terms are too long the user may start a trade without reading them. If your offer terms ARE clear and easy to understand, you would have a lot less cancelled trades. Try to be specific enough, yet not overwhelming to the buyer. Also, remember to make sure that your offer terms are in line with Paxful's Terms of Service.

    What NOT to do:

    1. Do NOT suggest to trade off escrow. Any suggestions to trade off-site are strictly forbidden and this kind of activity will get you banned from Paxful.
    2. Do NOT give personal contact information in your terms.
    3. Do NOT give links to outside sites or share URLs.

    Examples of good offer terms:

    iTunes gift cards

    1. This offer is iTunes gift cards ONLY, not Apple Music cards.
    2. Physical card ONLY, e-code pictures or codes will not be allowed.
    3. Cards of 100 dollars or less ONLY!
    4. You will need to upload a picture of the card. Photoshopped or edited images will get you reported.

    Amazon gift cards

    1. I accept only physical Amazon Gift cards which were purchased with CASH.
    2. Have a photo of a physical Amazon Gift card (back side with visible codes)
    3. Have a photo of the receipt confirming the card was purchased with CASH. Cards bought with debit will NOT be accepted!
    4. I can only use the full balance of the cards. For example, if it’s you have a $100 card, you cannot ask me to only take $50. I will ONLY take the WHOLE amount on the card.

    PayPal

    1. Your PayPal account MUST BE VERIFIED.
    2. I do NOT accept funds from credit cards, debit cards, and checks through PayPal.
    3. You must show proof that the funds are already available in your PayPal balance and you must show your FULL screen.
    4. Take a screenshot of the email account that is on your PayPal account. This means that you must show what the address and the email say from the back office.
    5. You MUST provide a link to your Facebook Profile.
    6. I will need you to send me a screenshot of proof that the funds came from your PayPal balance.
    7. Funds must be sent in the form of Goods and Services.
    8. I have the right to stop working with anyone if I suspect fraud. I will report you and do my best to have you removed from Paxful.

    Western Union

    1. CASH PAYMENTS ONLY.
    2. The detail for Western Union payment will be provided when you start a trade.
    3. Send a clear picture of the receipt.
    4. No third party deals.

    SEPA

    1. This is a trade for an EU SEPA bank transfer. If you don’t have an EU bank account, this trade is NOT for you.
    2. Due to several people being scammed recently through identity theft, I have to ask first-time customers to upload identification.
    3. The name on the identification should match the name of the bank account used to send the money.
    4. The BTC will be released once payment is received. If you want to buy more BTC than I have already available here, take into account it takes about half an hour for me to send additional BTC to my wallet here.
    5. Note, 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 is cancelled and I will send the funds back to the bank account it came from.
    6. Users with brand new accounts need to provide a selfie holding up their ID next to their face (in addition to a close up of the ID).
See all 9 articles

Trades

  • Paxful escrow

    Paxful escrow is there to keep your bitcoins safe. So how does the escrow work? 

    Paxful is a peer-to-peer bitcoin marketplace, a place where people can meet and safely exchange bitcoin for over 300 payment methods. Our vendors create offers with the terms they require and set a price. Once a buyer finds an offer that suits him, the trade begins. This automatically triggers the bitcoins from the vendor’s wallet to be reserved on a safety deposit account (escrow), where it will be held until the transaction is complete.

    When both the buyer and the vendor have verified that the transaction has been confirmed and all the terms have been met, the money will be released to the buyer’s wallet.

    If the buyer decides that he does not want to purchase the bitcoins he can simply cancel the trade and bitcoins will be returned back on the seller's account.

    If at any point there is a disagreement between the buyer and the vendor, the process moves along to dispute. Our moderators will then step in and investigate all the info and take into consideration all the details available and make the decision of who deserves the bitcoins. Most transactions go through without the need for dispute, but with Paxful being a peer-to-peer marketplace, there will always be users that will try to take advantage of others. This is why we have a 24/7 dedicated customer support team. Your business and money are our top priorities, and we do all that we can to keep them safe.

  • Paxful trades flow

    All Paxful trades flow the same way.

    Generally, the steps to all Paxful trades are the same. If you familiarize yourself with the process, it’ll make trading on Paxful a lot easier.  

    Step 1. Find or Create a suitable offer

    These offers are shown in the best way possible: according to your preferences. All the things you input on your search bar (as well as the reliability of other users) are all taken into consideration when you are showed the offer list. 

    If you’re selling bitcoins, you’ll be the one to create the offer.

    Step 2. Open trade for the amount you wish to pay

    Choose the best offer for you! Look for offers that have reliable potential trade partners and that have a good price.

    In the case of selling bitcoins, you’ll have to wait for someone to choose your offer.

    Step 3. Read/Write the trade terms and instructions

    The offer terms and trade instructions are one of the more essential parts of the offer as they contain detailed requirements that the buyers will have to comply with.

    Step 4. Talk to your trade partner for more information

    If there are any confusions during the trade, feel free to send your trade partner a message. The last thing you’d want is a miscommunication.

    Step 5. Provide/Confirm payment

    It is now up to the buyer to follow the offer terms and instructions VERY carefully (ignoring offer terms and instructions may become a disadvantage in case of a dispute). Remember that you can ask questions and talk to your trade partner via trade chat.

    If you’re the buyer and you’ve provided your payment (according to all the requirements of the vendor), be sure to mark the trade as paid and wait for the vendor to release the bitcoins.

    If you’re the vendor and the buyer has provided the payment, be sure to confirm if the payment is valid. NEVER release the bitcoins until you’ve made sure that the payment is good.

    Step 6. Wait for the bitcoins to be released/ Release the bitcoins

    As a buyer, your job is done as soon as you provide all that the vendor needs. You just need to wait for the bitcoins to be released from escrow.

    As a vendor, be sure to release the bitcoins as soon as you’ve confirmed the payment. As soon as the buyer marks a payment as complete, it keeps the trade from expiring automatically. It is your duty as the vendor to automatically release the bitcoins from escrow as soon as you verify the payment. If you don’t release they bitcoins, they will remain in escrow.

    Step 7. Leave feedback

    Leaving feedback plays an important role in Paxful’s reputation system. It’s important that you leave appropriate feedback for every trade that you do.

  • Trade status

    Trade statuses determine the progress of your trades. 

    Each trade on Paxful has a status. There are eight statuses your trade could possibly have:

    Active funded the trade is open, and funds have been transferred to escrow.

    Paid the buyer has marked the trade as paid.

    Expired every trade has a payment window for the buyer to make a payment. When the trade is funded, but the buyer failed to mark it as paid, the payment window expires.

    Cancelled the buyer/seller has willingly cancelled the trade.

    Dispute open either the buyer or the vendor has opened a dispute (a dispute can be started 3 hours after the trade was marked as paid).

    Successful the vendor has released funds from the escrow to the buyer’s wallet.

    Awarded seller a dispute has taken place, and bitcoins were awarded to the seller.

    Awarded buyer a dispute has taken place, and bitcoins were awarded to the buyer.

  • Writing good trade instructions

    Trade instructions are the more specific and detailed requirements that appear when the individual trade begins. These are the requirements that you set for when they pay you.

    Unlike the offer terms, you would want the offer instructions to be as detailed as possible. Give clear instructions of what you need from the buyer and explain the steps that lie ahead (such as info on documents such as receipts or photos you may require). Remember that user sees trade instructions when the trade starts, so here you can put the information that you want to provide after the user accepts the offer terms. Make sure that your instructions are in line with Paxful's Terms of Service.

    What NOT to do:

    1. Do NOT suggest to trade off escrow. Any suggestions to trade off-site are strictly forbidden and this kind of activity will get you banned from Paxful.
    2. Do NOT give any personal contact information.
    3. Do NOT give links to outside sites or share URLs. You must process the payment on Paxful.

    Examples of Trade Instructions:

    iTunes gift cards

    1. Please upload a picture of your physical card with the code SCRATCHED off and clearly visible. For blurry photos, please type the code into the chat also.
    2. If your card doesn’t mark the value, please tell me the denomination.
    3. Wait for me to check the card and release bitcoins and remember to click the “Mark as Paid” button.
    4. If for any reason you do not want to continue the trade with me, then cancel the trade so I can trade with others instead.

    Amazon gift cards

    1. Please upload a picture of your physical card with the code SCRATCHED off and clearly visible. For blurry photos, please type the code into the chat also.
    2. Upload a picture of the receipt showing that the card was purchased with CASH.
    3. Wait for me to check the card and release bitcoins and remember to click the “Mark as Paid” button.
    4. If for any reason you do not want to continue the trade with me, then cancel the trade so I can trade with others instead.

    Paypal

    1. Upload a picture of your FULL screen showing that the funds are already available in your PayPal balance and it is VERIFIED. Remember that you must show your FULL screen!
    2. Give me your PayPal email.
    3. Give me your Facebook Profile link.
    4. Show proof that your account is verified
    5. After you have done the above, I will then send you the email account to send funds to.
    6. Funds must be sent in the form of SERVICE, and I will send you the next steps.
    7. I have the right to stop working with anyone if I suspect fraud.

    Western Union

    1. Send the Funds Via Cash to the following NAME_HERE, ADDRESS_HERE etc…
    2. Provide me with the following info in the chat: sender name, sender city/state, sender phone number, MTCN code, and exact payout amount in USD or LOCAL CURRENCY
    3. Click the “Mark as Paid” button and wait for me to pick up the funds and release bitcoins.
  • Unresponsive trade partner

    Unresponsive trade partners are a common sight.

    Are you selling bitcoin and your buyer ends up not responding?
    Don’t worry because as long as the buyer has not clicked “Mark as Paid” then your bitcoins will be freed from escrow once the trade expires. If the buyer clicks “Mark as Paid” but you didn’t receive any payment, you can ask the buyer to cancel the trade as no payment has been provided. If the buyer won’t cancel then a countdown will appear. Wait for that countdown to finish then you’ll be able to click “Dispute”. Once a dispute has started, give time to the moderators to look into it. You should eventually be rewarded back the bitcoins. Note that verified vendors have an advantage here. 

    The same goes for buyers who started trade with the unresponsive vendor. If you have started trade and vendor seems to be offline or doesn’t reply to you the best you can do is cancel the trade and try your luck with the other vendor.  If the vendor was responsive, approved the payment and then become unresponsive, you need to “Mark trade as Paid” so that trade doesn’t expire. If the trade expires, the seller gets his bitcoins back from the escrow. If you forget to click on “Mark as Paid”, but payment has been already done then it’ll be much harder to get your coins.

    For more information on disputes, click here.

  • Potential risks when trading cryptocurrency

    Like with any other type of investment, there are risks that are involved with trading bitcoins on Paxful.

    It should always be in your best interest to protect your investment and part of protecting it includes familiarizing yourself with all the risks that come with it. If you familiarize yourself with all these risks, you put yourself in a better position of making a good profit on Paxful.

    Risks when buying bitcoins on Paxful

    If you are new, some of the dishonest users may use that to their advantage. Here are a few ways they can attempt to get at you:

    Vendors asking you to cancel the trade after you have paid

    A common tactic used by scammers includes them asking you to cancel the trade after you have paid. If you’re using a gift card and you upload all your gift card details, then you put yourself at the risk of giving them those details for free. They will then rip the value off of that card and if you cancel it, the bitcoins will be released from escrow and go back to the vendor.

    If a vendor ever asks you to cancel after you’ve paid, refuse to do so. Click “Mark as Paid” and open a dispute. The moderators will then investigate the trade and award the coins to whoever is in the right. Be ready to provide additional proof just in case the moderators need more. If you don’t click “Mark as Paid”, the trade will expire and the coins will go from escrow back to the vendor. Another tip for preventing yourself from having your card ripped is making sure that the vendor is present before uploading any documents and making any payments.

    Note that brokering of gift cards is against Paxful Terms of Service and is strictly prohibited. Make sure that you buy gift cards from the shop and you are the original owner of the gift cards. If you received a card as a gift, you must be able to reach the gifter at any time and ask for the receipt and additional information if it is needed. 

    Trading off escrow

    Many scammers will try to get you to trade outside of Paxful’s escrow. They will ask for your contact details and try to get in touch. If you trade off escrow, there’s no way to protect you. After you’ve made a payment, there are no guarantees that the seller will send you the bitcoins. Paxful’s escrow system is there to protect both the buyer and the seller.

    Risks when selling bitcoins on Paxful

    Just like buying bitcoins, there are also a few risks that you have to look out for when it comes to selling bitcoins on Paxful. Familiarizing yourself with these risks will help you optimize the offers you create.

    Reversible payment methods

    It’s important to know that some payment methods on Paxful are reversible (such as PayPal or credit cards). One common tactic that scammers use is to do trades with these payment methods and then later ask for a chargeback. For example, they would tell their credit card company that it was not them who made the transaction. In the instance of PayPal, they would say that they did not receive the goods. PayPal normally sides with the buyer first but you can submit your evidence and hope that they refund your money.

    So what do you do when you get a chargeback? The first step is to go to your vendor dashboard and click view past trades. Click the trade wherein you got the chargeback and you should be able to see the trade page. Scroll down and under your instructions, you should be able to see the receipt of the trade.

    Gift cards that have already been redeemed

    This is another common method that scammers use. Buyers would add gift card details and images that may have already been used. 

    It’s important that you NEVER release the bitcoin before you check the gift card balance. Make sure to redeem it and have it in your account before you release the bitcoins. Try not to wait too long as buyer may try to sell the card to another vendor at the same time. Usually, scammers will try to hurry you up by saying that they’re in a hurry and ask you to release the bitcoins already. Remember not to fall for that and make sure to ONLY release the bitcoins when you’re sure you have the gift card balance.

    Using a fake ID or a stolen credit card

    Credit card companies usually cover their users from fraud. In the case of a stolen card, they will always refund and chargeback the transactions. This is why it’s important to check the users’ identity and ask for a selfie to see if the two match. Beware of blurry images where the face and names might not be visible. If a user truly wants to buy bitcoin, they should be able to provide a decent enough photo. Although some might refuse to give ID as it is sensitive information, it’s up to you what you accept for the trade but keep in mind that the more evidence you have, the more leverage you will have against the scammer.

    The user is “very busy”

    The user is “very busy” is usually a red flag when you’re trading on Paxful. As mentioned earlier, some users might rush you into releasing the bitcoins quickly, telling you that the payment has already been made or that they are doing currently in the process of doing it. What happens is that the buyer gets the bitcoins, sends them quickly into a different wallet (outside of Paxful), and doesn’t even bother to make a payment. Be EXTRA cautious of users that say they are really busy. It may not always be the case that the user is a scammer, but keep your guard up at all times. Both parties buyer and seller must carefully follow trade instructions and finish the trade when all conditions that they agreed on were met.

See all 15 articles

Disputes

  • Why did I lose a gift card dispute?

    You could lose your dispute due to any of the following reasons:

    • Not providing valid evidence requested within 12 hours of the dispute.
    • Unable to prove that you are the original owner of the gift card. We do not advise selling a card that you did not originally buy. No brokering of gift cards is allowed.
    • Selling a used or invalid gift card.
    • A violation of the other party’s offer terms and/or trade instructions.
    • You redeemed a valid gift card and did not release the bitcoin.
    • Other violations of Paxful’s Terms of Service. 

    Warning: Some of these reasons could lead to you being permanently banned from our platform.

    Supporting the trade of gift cards for bitcoin is complicated. The guidelines we follow are to protect the Paxful community when a gift card trade is disputed.

    What to do during a gift card dispute?

    Paxful conducts thorough investigations to resolve gift card disputes, despite minimal support from gift card services. If you enter a dispute, you must be prepared to prove that you are the owner of the card. If you are not the original owner of the gift card, this makes proving the validity of the gift card very difficult. For this reason, sellers of bitcoin are highly favored in such disputes. 

    What do we ask for in gift card disputes?

    • A photo of the original gift card with your Paxful trade chat clearly visible in the background
    • A complete photo of the original receipt (no cut-offs)
    • For electronic codes (e-codes), an invoice of the original payment and video recording of your bank statement as proof of purchase
    • Proof of conversation with the gift card issuing company’s customer support
    • Any additional evidence as required by Paxful (Example: ID Verification)

    Note: Gift card disputes may take up to three weeks to resolve. Following the moderator's instructions and being responsive in the trade chat is important in resolving the dispute in a timely manner. Here’s a detailed article about the dispute process.

    As per our Terms of Service, we remind you that Paxful is not a licensed gift card vendor nor an authorized dealer of any gift card issuer - and brokering or reselling gift cards is strictly prohibited on our platform. Paxful understands that gift card disputes can be quite challenging and we are continuously working towards solutions to make the trading experience safe and secure for all our users.

  • Disputes

    Paxful offers an opportunity for our customers to freely trade bitcoin with each other. Although the vast majority of the trades go smoothly and successfully, there are cases that require the intervention of a third party our moderators. On Paxful we have our own dispute system through which we settle conflicts between our users in the best way possible. This article will give you an overview of the dispute resolution process. 

     

    Video

    Here’s a short and informative video on the topic:

    Cases to start a dispute

    There are different situations when you should consider starting a dispute with your trade partner. Here is the list of such cases you will find on our website:

    As a buyer

    • Payment issue You have followed the seller’s instructions, paid for the bitcoin, but the seller refuses to release the bitcoin to you.
    • Unresponsive vendor — You have made the payment but the seller has stopped responding to your messages and has not released the bitcoin to you.
    • Other — You can always start a dispute if you notice any violation of Paxful’s Terms of Service (link). For example: If your trade partner impersonates a Paxful moderator, attempts to steal your Paxful account details, forces you to continue a trade outside Paxful website, and so on. 

    As a seller

    • Coin-locker The buyer has marked trade as “paid” but is unresponsive and inactive.
    • Payment issue the buyer is active, is stating that they have made an attempt to pay you, but you see an issue with the payment.
    • Other — You can always start a dispute if you notice any violation of Paxful Terms of Service. For example: If one of the parties impersonates the moderator, attempts to steal your Paxful account details, or forces you to continue a trade outside Paxful website.

    Timeframes for disputes

    Although you can start a dispute and invite moderators to assist you with the trade, when you can do so depends on certain conditions as elaborated in the table below:

    Condition Bitcoin Seller Bitcoin Buyer
    Before a trade is marked as “paid”. Cannot start a dispute. Cannot start a dispute.
    A trade is marked as “paid” within five minutes from when it was started. Can start a dispute in 30 min. Can start a dispute in 3 h.
    A trade is marked as “paid” after more than five minutes since it was started. Can start a dispute in 3 h. Can start a dispute in 3 h.

    Note: You cannot dispute canceled or completed trades. In this case, you must start a new trade with the same user or report an issue by contacting Support.

    Steps to start and win a dispute


    1. In the trade chat, click Dispute.

    Dispute1.pngThe Dispute dialog box appears.

    2. Select a dispute reason from the list and explain what happened clearly in the text box below.

    Here are the dispute options for sellers and buyers:

    • Bitcoin seller: Coin locking, payment issue, other.
    • Bitcoin buyer: Unresponsive vendor, payment issue, other.

    For more info about dispute types, see Cases to start a dispute.

    3. Click Start dispute and check your trade chat for a message from a moderator.

    Dispute2.png

    4. Provide as much evidence as you can, such as:

    • Proof of payment (transaction receipt, a screenshot of payment, video proof)
    • Proof of ownership (transaction receipt, receipt from the store of the gift cards, online receipt,
    • Operation screenshots or video recording.
    • Phone call recording of a conversation with the third party’s customer support.
    • Any additional proof as requested by our moderators.

    The dispute will be investigated by our moderators and a decision will be made based on the evidence provided by both parties. Paxful moderators resolve disputes by evaluating trade terms, offer instructions, evidence of payment, trade chat interaction, user reputation, past trading history, as well as data submitted and or collected in accordance with the Privacy Policy.

    Note: 

    • Once you have submitted a dispute request, you do not have to contact our Support. Our moderators will definitely look into your case as soon as possible and reach out to you.
    • Dispute investigation is a complicated process and may take time (up to three weeks). We are grateful for your patience and understanding.
    • Don’t flood the chat with messages as it may hold up the moderator. Wait for the moderator to join the dispute for investigation.

    How to cancel your dispute?

    If you have started a dispute but changed your mind and want to cancel it, do one the following:

    • If you started a dispute as a seller and you see that the buyer has resolved the issue from their side, click Release bitcoins.
    • If you started a dispute as a buyer and you see that the issue has been resolved, click Cancel.

    Tip: To ensure the best solution possible, wait for a moderator and let them decide on how to solve the dispute.

    Reasons for losing a dispute

    If you lose a dispute, it could be for several reasons. The most common reasons are:

    • You were not able to provide clear reasons and evidence as requested by the moderator
    • The evidence you provided was not enough

    We also check the trading history of both parties to see if you were able to follow the trade instructions or offer terms of the previous trades. A decision is made only when the investigation is finalized to the moderator’s satisfaction. Read more here: Why did I lose a gift card dispute? 

    Read more on how to protect your funds from scammers in our security guide. If you trade with gift cards, check out these articles: Gift Card Trade Specifics.

Account

Account Managing

  • Creating account on Paxful

    Your Paxful journey begins with a simple decision: whether or not to create an account. If you think that you’re ready to take the plunge into the world of crypto and financial freedom, then the next step is to create your Paxful account. Creating your account is easy and very user-friendly. Upon registering, you also get a free wallet to store the bitcoins you earn from trading on Paxful. 

    Here’s a Paxful school tutorial to walk you through the process of creating your account:

    To create a new Paxful account:

    1. Open a web browser and launch the Paxful webpage: https://www.paxful.com. The Paxful home page appears. 

    2. Click Create account on the top right corner of the main page.
    Account1.png
    The Create an account page appears.
    Account2.png

    3. Complete the following fields on the signup form:

    Field Name Description Comments
    E-mail Enter your email address. Email can be changed only within the first 7 days and only in case of a typo.
    Username Create a username for your profile. The username cannot be changed.
    It must not contain the word “Paxful” in any form.
    This username will be visible to other Paxful users.
    Password Create a strong password. Your new password must :
    Be at least 6 characters long
    Have one lower case character
    Have one special character (@#* etc.)
    Have one number
    Have one uppercase character

    4. Read our Terms of Service, Affiliate Program Terms of Service and Privacy Notice and select the checkbox to agree with them.

    Account3.png

    5. Click the Click to verify button to complete your captcha verification.
    Account4.png

    6. Click CREATE A FREE PAXFUL ACCOUNT.
    Account5.png
    An activation email is sent to your email address.

    7. Go to your inbox, open the email from [email protected] and click VERIFY EMAIL.
    Account6.png

    Alternatively, follow the procedure described in Email verification to confirm your email.

    Your account is registered and your email is confirmed.

    Once you have created your account, we recommend verifying your phone and identity as well to gain more trading opportunities on our platform. If you have any other questions, feel free to explore our knowledge base, reach out to us via live chat on our website, or send us a message on Facebook, Twitter, or Instagram.

  • My public profile

    Your public profile contains a summary of your account and your history on Paxful.

    Remember that your public profile is visible to other Paxful users. On your public profile, other Paxful users will be able to view the following information about you:

    • Username
    • Profile picture
    • Verification - information if your email, phone, ID or address are verified,  and you were verified as a trusted vendor.
    • Reputation - an aggregation of the positive, negative, and neutral feedback that you have received on Paxful.
    • Active offers - offers you created that are currently active.
    • Your profile language
    • Number of trade partners
    • Number of trades
    • Trade volume - total BTC you’ve traded on Paxful.
    • Number of users who trust you
    • Number of users who have blocked you
    • Time elapsed since you joined Paxful
    • Last time you were online on Paxful

    As you can see, your public profile will contain all the credentials you have earned on Paxful and will help other users decide if you are a safe trade partner or not.

  • Dashboard

    Your dashboard is the hub to track all your activity on Paxful.

    The dashboard is your personalized tool for accessing all the information you need. There are 4 different dashboards on Paxful, each with its own specific uses and functions.

    Classic Dashboard

    Once you create an account on Paxful you get a free wallet and access to the Classic Dashboard. This is the general/default dashboard where you can:

    • See your active and past trades.
    • Check help pages.
    • Create and edit your offers.
    • Get an overview of your affiliates.
    • Check account activity.

    Vendor Dashboard

    This dashboard appears as soon as you create your first offer. On the vendor dashboard, you can:

    • View your active and past trades. 
    • Get an overview of your affiliates.
    • See your sales charts.
    • See offer statistics: active, deactivated offers and more.
    • View canceled trade survey results.
    • Create and edit offers
    • Perform additional account verification steps.
    • Request additional features from our developers.

    In general, this dashboard is useful when you want to see the statuses of all your trades and offers.

    Merchant Dashboard

    This dashboard exclusively applies to users who are using the “Pay with Paxful” feature (sign up for this feature on our Pay with Paxful page). On the Merchant Dashboard you can see:

    • Your sales for the last 28 days. 
    • All transactions made using the merchant link.

    Affiliate Dashboard

    This is the dashboard to track your affiliates and your affiliate commissions. 

    On this dashboard, you can:

    • View your affiliate link and share it with your friends and network.
    • Get a detailed overview of all your affiliates.
    • Check your affiliate earnings from completed trades.
    • Create unique trackable links in the ‘track ID’ section. 

    The Paxful Affiliate Program is an exciting opportunity for users to be rewarded for sharing their Paxful affiliate links with their friends and followers.

     

  • Trusted/Blocked list

    Trusting and blocking users on Paxful is an effective way for you to filter whom you want to do business with. 

    Apart from the various external indicators that can help you decide whether certain users are safe to trade with or not, you can also trust and block users based on your personal experience trading with them.

    Trusting Users 

    Trusting users you’ve had a good trade experience with, is a good way to stay connected with them. For example, if you constantly find that a user trades efficiently with you, you can then mark that user as your trusted user. In this way, their offers will be prioritized in your feed. When creating offers, there are also options where you can choose to show your offer only to your list of trusted buyers.

    Trusting users is a way to make real connections with them, but just like in real life, be careful whom you trust on Paxful.

    Blocking Users

    While trusting users is the way to build a healthy trade relationship with decent traders, blocking is for the contrary. If you’ve had a bad experience trading with someone (e.g. it wasn’t as efficient as you’d hoped for, or if you were scammed), you can block that particular user. If you block a vendor, they will not be able to see your offers on their list. Similarly, if you block a buyer, you won’t be able to see their offers on your list.

    Blocking is a way to ensure that the bad apples don’t bother you.

    To trust or block a user follow these steps:

    1. Click on the username on any page (offer list, trade chat, past trades in your dashboard, etc.)
      The user profile opens.
    2. Click Trust or Block links under the username to mark the user as trusted, or to block them respectively.

    Block_Trust1.0.png

    Note: You can always undo this action later.

    For more information on how to improve your trading experience, please read our safety tips and instructions for good offer terms.

  • Changing phone number

    Changing a phone number on Paxful is straight forward. To change your phone number on Paxful:

    1. Log in to your Paxful account, hover over your username on the top right of the page and click Settings from the context menu that appears.
    Email_verification_1.png
    The Settings page appears.

    2. On the menu on the left, click Profile.
    Phone_verification_1.png
    Your Profile page appears.

    3. Click Change number near to PHONE field.
    PhoneReset3.png
    A confirmation link appears.

    4. Confirm the action by clicking Click to send reset link to email.
    PhoneReset4.png
    An email is sent to your inbox.

    5. Open the email from [email protected] and click the link in the email.
    You are redirected to the security questionnaire on our website.

    Note: The link received in your email will expire after 30 minutes from the time the email appears on your inbox.

    6. Answer your security questions and click Submit.

    PhoneReset5.png
    Your phone number is reset. Follow the phone verification procedure to finalize the process.

    If you face are any issues answering the security questions or receiving the email, please contact support for help.

     

  • Changing email address

    For your account security, you cannot change your email address directly under your account settings on Paxful. You can change the email address on your account by contacting support at [email protected]

    There are certain requirements that must be met, for us to accept your request to change the email address on your account. They are as follows: 

    • The account must be less than seven days old.
    • Wallet activity on the account should be 1500 USD or less.
    • The email address requires only minor changes such as fixing typos, etc. 

    Warning: Requests that do not meet the above requirements will be rejected.

    After you contact support and request an email change, you will be asked to verify the account ownership by answering questions, which will enable us to confirm that you are the rightful owner of the account.

See all 11 articles

Account Security

  • Security guide

    Bitcoin, as a technology, is extremely secure but sometimes the way we use it is unsafe.

    Hackers and scammers are always looking to take your bitcoins because bitcoin transfers are irreversible. With a few simple precautions, you can keep your account and your bitcoin safe.  

    Here are some of the ways to secure your account:

    1. Have a strong password.

    When creating a password, use both upper and lower case letters, as well as numbers and special characters. Also, use different passwords for different online or social media accounts to keep the hackers off your back. 

    2. Don't use the same password for your email and your Paxful account.

    It is very important to have different passwords for your email and your Paxful account. This is because hackers usually target your emails. All email domains have different levels of security. In the worst-case scenario, once hackers gain access to your email, they will be able to access the funds in your Paxful wallet. 

    3. Never share your password.

    As obvious as it may sound, there are cases when users are forced to give away their passwords. For instance, scammers may impersonate Paxful administrators and request you to share your account details. Please remember that Paxful staff and representatives will never ask for your password or other sensitive account information.

    Also, if you happen to be in a trade dispute and you are asked by our moderators to provide a screenshot or a video as proof, make sure that your passwords cannot be seen on those files.

    4. Configure security questions.

    It is a fundamental part of building up your account’s security. You must set your security questions as soon as possible. It can be easily done from your account settings. It is important to memorize the security questions that you set and the answers to them as well. So pick questions and answers that you will never forget. It would be unwise to write them down somewhere because they are just as important as your password if not more.

    5. Enable two-factor authentication.

    Two-factor authentication adds an additional layer of security to your account.  Using Authy or Google Authenticator is recommended over using SMS as hackers have a tactic called “SIM swapping” through which they can get a hold of your SMS messages. Receiving SMS also depends on the network provider and can be intermittent in some countries or regions and during times of high cellular activity. You can activate 2FA in your account settings. You can also check our guides for setting up Authy and Google Authenticator.

    6. Keep your email information safe.

    Protect your email address linked to your Paxful account and never share it with someone you don't know, during trades or private chats. Hackers can target your email to get access to your account or to your personal information.

    7. Verify your account. 

    Verifying your phone number and email will not only indicate you’re a safe trade partner but verifying your account with further identity documents will also help you to restore access to your account should you lose access to it.

    Useful links:
    Where to verify my phone and email?
    Where to verify my ID?
    Phone verification guide
    Email verification guide
    ID verification guide
    Address verification guide

    8. Avoid phishing scams. 

    There are different ways scammers can try to attack you: impersonating websites, sending you fake emails and SMS, sharing suspicious and malicious links in trade chats.

    We as a service provider are constantly improving our security levels. However, we cannot protect you completely without some effort from you as well.

    • Always make sure to check the domain address you are visiting.

    Check your address bar https://paxful.com before entering your account details. HTTPS SSL certificate is important.

    • Do not interact with suspicious emails. It is best to not even open emails that look suspicious to you.

    Do not give away sensitive data or click on suspicious links. For additional information see: I received a suspicious email. Is it from Paxful?

    • Be wary of unexpected SMS messages from unfamiliar senders.

    Paxful sends you SMS only with security codes related to 2FA and phone verification.

    • Be mindful of trade chat conversations.

    You must not share contact information in trade chats as scammers can try to cheat you on off-site trades, try to impersonate you or show that you had traded with them off-escrow. Do not provide any personal information, unless it was clearly mentioned in the offer terms or instructions. 

    Do not click unknown links in the trade chat. Ideally, avoid trades that require using third-party links completely.

    9. Don't try to buy a Paxful account from someone else.

    Most likely, the seller is trying to cheat you and get into the account after you load coins into it. Furthermore, this is a violation of Paxful Terms of Service and such accounts will be banned.

    10. Force devices and apps to log out.

    Simply locking the screen of your PC or smartphone is not safe enough. It may always happen that you lose your device or use a public PC which may give additional opportunities to people with malicious intent. It is a good practice to log out of the Paxful app or platform at the end of your session, especially while using public devices that others may have access to.

    11. Keep your browser and operating system up to date.

    Hackers constantly find new methods to go around existing security levels. This is why browsers and operating systems are constantly improved by developers and get updates regularly. So it is important to install these updates on your machine and ensure that your browser is always up to date. At the same time, do not download unnecessary software from untrusted developers.

    12. Keep your Endpoint Security software up to date. (Antivirus, antimalware, personal firewall)

    We suggest you use officially licensed versions of security software on your machines.  Remember that this software also requires frequent updates and maintenance. 

    13. Try to avoid the usage of public Wi-Fi hotspots.

    There are numerous technical ways for hackers to misuse wi-fi hotspots. Ideally, use a wired connection or a protected wi-fi network.

    The points listed above are the most important. However, there is more to learn on the subject of online security. Read more on the topics of online security, identity protection, and so on, and implement the latest recommendations and best practices that you come across.

  • What to do if someone logged into my account?

    If you think someone has gained access to your account or you suspect that your login details have been compromised, then you must take care of a few things even before contacting support. Enabling 2-Factor Authentication is a good way to prevent this from ever happening. But, in the case of such a mishap, here’s what you can do:

    If someone logged into your account but you still have access to it.

    Do one of the following:

      1. Usually, whenever there is a new or unexpected login on your account, we immediately notify you via email with a link to report to lock your account if you suspect intrusion. So just click the link in the email. Your account is locked immediately and all sessions are terminated. The faster you act, the higher the chances of saving your BTC. Next, contact support to restore access to your account. After, take steps to protect your account
      2. Alternatively, while logged in to your account, simply proceed with the following steps.

    Steps to protect your account:

    1. Change your password to something secure (a password that you have NOT USED on other sites or emails). Try to make your password as complex as possible, but at the same time be sure to remember it.
    2. Check to ensure that none of your other settings such as your email or phone number were changed. If they were changed to something you don’t recognize, change them back.
    3. Go to your active sessions (Settings > Security > Active Sessions) and log out all sessions by clicking the Close icon next to them.
    4. Log out of your account.
    5. Log back in using your new password.
    6. Download Google Authenticator(iPhone/Android) or Authy (Mac/Windows).
    7. Turn on 2FA on Paxful and scan the code with your phone. Remember to turn 2FA on for BOTH login and sending out as it will make your transactions more secure. We recommend using Google Authenticator or Authy over SMS 2FA as it is more secure. Just bring up the app and get the code every time you want to log in or send bitcoin.
    8. Set your security questions and write them somewhere. You’ll need them if you ever lose your phone and need to reset your 2FA.

    Note:

    • If the support team can trace the hacker and recover any funds, we will contact you. Hackers often cover their actions very well and it is not possible to track them down to reverse Bitcoin transactions.
    • It is advised that you change passwords to any other accounts you have online as hackers normally gain access by getting into your email or other accounts. 

    If you can’t log in to your account:

    1. Contact support and provide all the information required by our support agents. Once it’s verified that you are the account owner, inform support that you need an ACCOUNT LOCKDOWN. Support Team will see if there is enough data to prove you are not a hacker (and will try to give you access to your own account). Once it is verified that you are the victim and rightful account owner, account access will be restored.
    2. Once you log in, secure your account immediately.

    How did this happen and how can I prevent it from happening again?

    To prevent this from happening again, we suggest that you don’t use the same password across websites and that you have 2FA with Google Authenticator enabled.

    At Paxful, we are constantly improving our security processes to keep your funds as safe as possible.

    So where did the bitcoins go?

    • Check your account activity to see who logged into your account. Take note of their IP address.
    • Check your wallet ledger to see the bitcoin address they sent your coins to.

    With the Bitcoin address and the IP address of the thief, you have some information but it is often impossible to track them down. Our support team does not have the resources to help you investigate further because hackers often use VPNs and also due to the general anonymity of Bitcoin. It is nearly impossible to track them down, so try your best to make your account as secure as possible.

  • I received a suspicious email. Is it from Paxful?

    If you received a suspicious email that looks like it’s from us or an entity claiming to be associated with us don’t click links in such emails, download attachments included, or reply to them. Report such emails to our Support by forwarding the entire email to [email protected]. Include the email header and subject line, which will help us investigate where it came from and take action to stop it from spreading to other customers.

    Official Paxful email addresses:

    [email protected]

    [email protected]

    [email protected]

    [email protected]

    [email protected]

    [email protected]

    Information Paxful will never request:

    • Your full credit card number or other financial details
    • Your password
    • Your one-time 2FA password (code)

    How to spot a phishing email:

    While scammers change their tactics frequently, look for these classic signs of a phishing or spoofing attempt:

    • A request for your bank account, username, password, social security number, or identity. Never share this information.
    • A claim that your account is compromised. In such cases, we may send only automated messages from “no-reply” email addresses.
    • An unsolicited email with a link to verify your account information.
    • Typos in the email address. It’s common to see something like [email protected] (typo).
    • Suspicious links that don’t lead to www.paxful.com. Before you enter your login information or click on a link, double-check the URL by copying it into your address bar without pressing Enter.
    • Emails that mimic our design. Such emails aim to distract you from typos in the email address or website links by using pictures and colors similar to our platform.
    • Emails with .html attachments.

    For more information on how to protect your account see our security guide.

     

  • Setting security questions

    Security questions are an essential part of protecting your account on Paxful. Security questions help to restore access to your account in case you lose it. Follow these steps to configure your security questions.

    1. Log in to your Paxful account, hover over your username on the top right of the page and click Settings from the context menu that appears.
    Email_verification_1_2_copy.png
    The Settings page appears.
    2. On the menu on the left, click SET SECURITY QUESTIONS.
    Questions2.png

    Set your security questions dialog box appears.
    3. Click the Set answers link.
    Questions3.png
    The Set answers dialog box appears.
    4. Select 3 security questions from drop-down lists. Type the corresponding answers into the fields under the questions.
    Questions4.png

    Warning: Double-check your answers and ensure that you remember them. In case of necessity, you must provide answers to these questions exactly as they were written in the fields. If you forget your answers, this will make the process of restoring access to your account more difficult.

    Tip: When choosing answers for your security questions, consider using information that cannot be found on your social media profiles. For example, do not answer the question “who was your best friend in school?” with a person's name but consider using his nickname instead.

     5. Click Save.
    Questions5.png
    Your security questions are set. You are redirected to return to the Account settings page.


    For additional information on how to secure your account, check our security guide.

  • Troubleshooting 2FA

    If you are having issues receiving a two-factor authentication (2FA) 2FA SMS code, or if your 2FA Google Authenticator (GA) code isn’t working, please try the following troubleshooting tips:

    Google Authenticator

    If your Google Authenticator code does not work, it might be because the time on your Google Authenticator app is not synced correctly with your device. Make sure to check the clock on your device and set it to the correct timezone. An incorrect clock can cause codes to be out of sync.

    SMS

    Check for the following points if your device is not receiving 2FA SMS messages. 

    • Ensure your device is turned on when a 2FA code is generated
    • Ensure your device has sufficient cellular signals when a 2FA code is generated. 
    • Ensure your device is not roaming off your home network, as our SMS provider cannot guarantee SMS delivery on roaming devices.
    • Ensure your device’s SMS inbox is not full.

    Note: If you’ve tried to generate 2FA SMS codes several times and still have not received the codes, our system may have stopped sending the codes. If that is the case, please wait 24 hours and attempt to generate 2FA SMS codes again. If you’re still having issues receiving 2FA SMS codes, check with your network provider to see if they are blocking our SMS messages.

    See our article on how to set 2FA with Google Authenticator or Authy. Also, check our security guide for tips on how to protect your account.

     

  • I forgot my password

    To reset your password when you are not signed in to your Paxful account: 

    1. Click Log in button on the home page
    2. Click “Forgot your password?” at the bottom.
    3. Enter your registered email address.
    4. Click REQUEST PASSWORD.
    An email from [email protected] is sent to your email address.
    5. Open the email and click RESET YOUR PASSWORD NOW.
    You are redirected to the website.
    6. Complete the following fields.
    ForgotPassword.png

    Field Name Description Comments
    Email Enter your email address.  
    Password Enter a new password. Your new password must :
    Be at least 6 characters long
    Have one lower case character
    Have one special character (@#* etc.)
    Have one number
    Have one uppercase character

    Confirm password

    Re-enter the new password. The password should be exactly the same as entered in the previous field.

     7. Click RESET PASSWORD.

    Note: 

    • The password reset link received on your email is valid for 60 minutes.
    • If you requested a link multiple times, use the latest link received in the email.

    See our security guide for additional information on improving the safety of your account. You can also check how to change the password in your profile settings.

See all 10 articles

Paxful Wallet

  • Can I withdraw bitcoins from Paxful wallet to my external wallet?

    You can easily send your bitcoins from your Paxful wallet to an external wallet from the Wallet page. We support all major bitcoin wallet types, however, there is an exception. 

    There are three Bitcoin address formats currently in use:

    1. P2PKH addresses which begin with the number 1.
      Example: 1BvBMSEYstWetqTFn5Au4m4GFg7xJaNVN2.
    2. P2SH addresses starting with the number 3.
      Example: 3J98t1WpEZ73CNmQviecrnyiWrnqRhWNLy.
    3. Bech32 addresses also known as "bc1 addresses" starting with bc1.
      Example: bc1qar0srrr7xfkvy5l643lydnw9re59gtzzwf5mdq.

    Bech32 is supported by the majority of software and hardware wallets, but only a few exchange platforms.

    Paxful Wallet allows withdrawals to P2PKH and P2SH wallets but does not allow withdrawals to Bech32 wallets.

    If you try sending BTC to a bech32 wallet, you will receive the following error message: “Unknown bitcoin address.” As a solution, we advise using a different wallet to withdraw your bitcoins.

    Additionally, see how to send bitcoins from your Paxful wallet and the details of Paxful fees.

  • How to check bitcoin transaction status?

    If you send bitcoins from one Paxful wallet to another, transactions are instant. However, if you make transactions from or to an external wallet, you may need to monitor the process. Here’s how to check the bitcoin transaction status:

    1. Look for the transaction ID. You can find it in the transaction history of the sending wallet provider or, in case of ATM, you will see it on the screen and on your receipt. It will look something like this: e2e400094he873ec4af1c0ae7af8c3697aaace9f7f56564137dd1ca21b448502s

    2. Go to https://live.blockcypher.com/ or https://www.blockchain.com/explorer and type or paste the transaction ID into the search field. You can see how many confirmations your transaction has.

      If it has three or more confirmations, the recipient should have received the funds. If the transaction still hasn’t appeared in the recipient's wallet, then reach out to the recipient's wallet provider.

      If the transaction has less than three confirmations, the funds have left the sending wallet but the transaction is still in progress. If your transaction says “No Transaction Found”, then the transaction never left the sending wallet. In that case, you should contact the service provider of the sender’s wallet.

    See our guide on how to deposit bitcoins to your Paxful wallet and how to send funds from your wallet. Additionally, here’s a quick look at the Paxful fees.

  • Receiving and depositing bitcoins

    When you sign up on Paxful, you get a free bitcoin wallet. With this free wallet, you also get a default Bitcoin address. This address looks like a long complex password with numbers and letters (both uppercase and lowercase) in no apparent sequence. 

    This address never expires, so just copy it and use it to receive bitcoins from other wallets or Bitcoin ATMs. You can also generate a new Bitcoin address for extra privacy/security. You can create as many Bitcoin addresses as you want and use them any number of times.

    When other people send bitcoin to this address, it goes straight into your wallet. It’s not always instant. This is because bitcoin transactions are non-reversible and hence, the Bitcoin network needs to confirm the transaction three times before the bitcoins are released into your wallet. So be patient and give it some time. Once the bitcoins are sent, you should get a notification saying “incoming bitcoin at 0 confirmations” or "Unconfirmed". When that count reaches 3, you should see your bitcoins in your wallet. This can take anywhere from 20 minutes to a couple of hours depending on how congested the Bitcoin network is.

    To deposit bitcoins to your Paxful wallet:

    1. Log in to your Paxful account and click Wallet.
    Deposit1.png

    The Wallet page appears.
    2. Copy the wallet address from the screen or click COPY ADDRESS.
    If the app or ATM you are using to send bitcoins to your Paxful wallet has an option to scan  QR-code, simply scan the QR-code from your Paxful wallet.
    Screenshot_2020-02-06_at_15.23.38.png

    Note:

    • You can click Get a new address to generate a new additional address with a new QR-code.
    • Usually, after scanning the QR-code, apps or ATMs do not make an instant transfer but simply download the wallet address into their system. So if you scanned the wrong address, you still have the opportunity to cancel the transaction.

     3. Enter your Paxful wallet address into the app, website or ATM. If you have scanned the QR-code, your wallet address appears on the screen of the app or ATM automatically.
    4. Confirm sending bitcoins to your Paxful wallet.

    Warning: Make sure that you are sending bitcoins and not any other cryptocurrency (Litecoin, Bitcoin Cash, Ethereum, etc.). Such transactions can result in a loss of your funds.

    Note:

    • Make sure you have enough funds in the sending wallet or ATM. Be aware of the minimum BTC transaction amount.
    • Remember that the person sending the bitcoin will bear the transaction fee. Usually, the amount you send, the amount you will be charged as a network fee, the total amount deducted from your wallet are clearly shown to you before you confirm the bitcoin transfer.

    Wait for your BTC to arrive and start trading as soon as you are ready. You can also always check your bitcoin transaction status.

    Read more on Bitcoin ATM topic or see how to send bitcoins from your Paxful wallet. If you want to start trading, check out the following guides: creating sell bitcoin offer and selling bitcoins.

  • Sending bitcoins

    Paxful offers a free wallet service for bitcoin. One of the features of this service is to enable you to send bitcoins to both internal and external cryptocurrency wallets. To send bitcoins from your Paxful wallet:

    1. Log in to your Paxful account and click Wallet.Deposit1.png
    The Wallet page appears.
    2. Click SEND BITCOIN.
    Screenshot_2020-02-06_at_17.53.35.png

    The Send from Paxful wallet dialog box appears.
    3. Enter the bitcoin amount into BTC AMOUNT field, the recipient’s bitcoin address into TO BITCOIN ADDRESS field and click Continue.
    send3.png
    4. Double-check the receiver’s bitcoin address and the amount you are sending. In case you have enabled 2FA for sending bitcoin, enter your 2FA one-time password into the 2FA Code field and click Send bitcoin now.
    send4.pngYour bitcoins are sent successfully and you are redirected to the Wallet page.

    Note: To be extra sure of the transaction status, go to the Transactions tab and check your last outgoing transaction. If you made a transaction to a non-Paxful wallet, read our article on how to check transaction status for such transfers.

    To send bitcoins to your Paxful wallet read how to deposit bitcoins. Learn more about  Paxful wallet fees from our knowledgebase.



  • Getting new Bitcoin wallet address

    When you sign up on Paxful, you get a free wallet. With that free wallet, you get a default Bitcoin address. However, to maximize privacy, you may need a new Bitcoin address each time you receive a deposit. This short guide will help you to understand how to generate additional wallet addresses in your Paxful account.

    Step 1

    Login to your account and click on “Wallet”.

    Newaddress1.png

    Step 2

    Click on “Get a new address”.

    Newaddress2.png

    Please note:

    - It is possible to generate a new address only if a previous address has been used: received BTC from a non Paxful wallet or ATM!

    - Older deposit addresses will still work. 

    Step 3

    In a pop-up window, you will see a new address and QR-code. Copy them and use the way you want.

    Newaddress3.png

    Useful tips:

    - You can click on “Addresses” tab to check all your existing BTC addresses. 

    - If you did not save your new QR-code, before receiving any external transactions to your new address, click on "Get a new address" and you will see it in the pop-up window.

    NewAddress4_.png

See all 12 articles

Account Verification

Account Verification

  • Why verify my account?

    We all want to live and do business in a safe and trustworthy environment. Additional verification helps to create high-quality partnership both between Paxful and our users and amongst traders on our marketplace. This becomes possible by means of KYC. Overall, there are 4 verification levels. All of them bring benefits to Paxful users:

    Level 1

    • Requires email and phone verification. This increases the security level of the account, provides access to a higher amount of offers, creates a higher level of trust. The trading volume limit is up to $1,500.

    Level 2

    • Requires ID verification. Increases trading volume limits, provides access to additional trading methods such as Bank Transfer. It is necessary to create offers. No need for 0.02 BTC on balance to make your buy offer visible on the website. The trading volume limit is up to $10,000.

    Level 3

    • Requires Address verification. Increases trading volume limits, provides access to additional trading methods such as Bank Transfer. Trading volume can be $10,000 and higher.

    Level 4

    • Requires additional verifications such as EDD (Enhanced Due Diligence) or CDD (Customer Due Diligence). Increases trading volume limits. May be requested for significantly high volume institutional/corporate accounts.

    And the last, but not the least important thing. If for some reason you will lose access to your account, it will make it easier to restore it.

    Please check our Blog for more information.

  • Verification levels

    Verification is an important part of Paxful as we aim to make the trading experience on our platform as safe as possible. The following table lists out our various verification levels along with their corresponding benefits:

    Level Verification Needed Per Trade Limit Trade Volume Lifetime Limit Send from Wallet Lifetime Limit Receive to Wallet Lifetime Limit
    0 None $0 $0 $0 Unlimited
    1 Email and Phone $1,500 $1,500 $1,500 Unlimited
    2 ID $10,000 $10,000 $10,000 Unlimited
    3 Address $50,000 Unlimited Unlimited Unlimited
    4 Enhanced Due Diligence Higher than $50,000 Unlimited Unlimited Unlimited

     

    Note: 

    • The per trade limit for a trade is calculated based on the total volume of all active trades available for your current level.  
    • These limits apply from 01.01.2020. If your account was created prior to this date, you will receive an email requesting you to complete additional verification.

    Warning: 

    • In order to create an offer, you need to be ID-verified.
    • To send funds from your Paxful wallet, you need to verify your email and phone.

    Here are some additional cases which may require verification. Please visit our knowledge base for more information on the verification process.

  • Email verification

    Email verification is an essential process to start trading on Paxful. It also adds a layer of security to your account for you to restore or unlock your account if needed. Here is a step-by-step guide on how to successfully verify your email.

    1. Log in to your Paxful account, hover over your username on the top right of the page and click Settings from the context menu that appears.
      Email_verification_1.png

      The Settings page appears.

    2. Under Verify email address click Resend email
      Email_verification_2.png 
      A verification email is sent to your registered email address. 
    3. Open the email in your inbox received from [email protected], and click the verification link. Your email address is verified successfully. 

    Note:

    • You can request a new confirmation email only once every 20 minutes.
    • If you do not find our email in your regular inbox, please check your Spam or Junk email folders as well.

    After verifying your email, we recommend you also verify your phone number and set up two-factor authentication for your account.

     

  • Phone verification

    Before you start trading on Paxful, you must have your phone number verified. This also provides additional security to your account. For example, if your account is locked due to security reasons, you can easily unlock it if you have a phone number registered to your account. A verified phone number is also essential for two-factor authentication (2FA). Here is how you can verify your phone number on Paxful.

    Note: Before you begin, you need to verify your email first.

    1. Log in to your Paxful account, hover over your username on the top right of the page and click Settings from the context menu that appears.
      Email_verification_1_2.png

      The Settings page appears. 
    2. On the menu on the left side of the page, click Profile.
      Phone_verification_1.png
    3. Enter your phone number in the PHONE field and click Call me or Send code.
      Phone_verification2.png

      Note: We recommend the Send code option as the call option is not supported in all countries.

    4. a) Call me option
      You receive a phone call with the numeric confirmation code. Listen carefully to the code and enter it in the field below and click Submit. Your number is verified.
      b) Send code option
      You receive an SMS with the numeric confirmation code. Enter the code in the field below and click Submit. Your number is verified.
      Phone_Verification_3.png

      After confirming your phone number, consider activating 2FA and verifying your ID.

     

     

  • ID verification

    ID verification elevates your trading experience to a new level. We have done our best to make this process as easy as possible for you. Here is a step-by-step guide to help you verify your ID on Paxful.

    Note: Before you begin, please ensure that you have verified your phone and email.

     

    Video Guide

    Here is a short video that walks you through the verification process:

    Step 1 Open Verification Page

    1. Log in to your Paxful account, hover over your username located on the upper right of the page and click Settings.
      Email_verification_1.png
      The Settings page appears.

    2. On the left menu bar, click Verification.
      Verification_ID_step1.2.png
      The Verification page appears.

    Step 2 Insert Your Details

    1. Fill in the fields on the ID verification form.
    IDstep3NEW___.png

    Field Name Description Comments
    Country Your Photo ID is From Select the country that issued your ID.  
    Type of Photo ID Select the type of ID you are submitting.  
    Date of Birth Select the day, month and year of your birth  
    First Name Your first name If you have more than one first name, enter them all in this field.
    Middle Name Your middle name This field is optional.
    Last Name Your last name If you have more than one last name, enter them all in this field.

    2. Click START VERIFICATION PROCESSVerification_ID_step2.pngThe photo ID verification page appears. 

    Step 3 Provide ID Photo

     

    1. On the ID verification page, click Start.
      IDstep4___.png
      The Submit identity card page appears.


    2. Choose whether you want to take a photo of ID or to upload an existing file from your device.
      IDstep5___.png

    Take Photo

    To click a picture of your ID, make sure your document is ready and follow the instructions that appear on the screen.

    1. Click Take photo.
      IDstep5takephoto_.png
    2. Click Start.
      IDstep4___.png

      Warning: Give the application permission to access your device camera.


      Place your ID in the center of the screen and make sure all the necessary details are visible: 
      - your face
      - document number
      - your full name
    3. Click the Camera icon to capture the image.
      makephotofront_.jpg
      The image is captured and displayed on the screen. 
    4. If the image is clear, click Confirm. If the photo is not legible or if you are not satisfied with it, click Retake and try again.
      ConfirmIDfront_.jpg

    Repeat the process once again to capture the backside of your  ID card or Driving license. In the case of a passport, simply continue to the next step.

    Upload file

    If you want to upload a file from your device,

    1. Click Upload file.
      IDstep5uploadfile_.png
      The Upload image page appears. 
    2. Click Choose file and select a file from your device.

      UploadPAss111.png
    3. Click Choose another file if you want to retry. If you selected the right file, click Confirm.
      kyc_check_photo_pass___.jpg

    Repeat the process once again to capture the backside of your For an ID card or Driving license. In the case of a passport, simply continue to the next step.

    Step 4 Complete Face Verification

    The next step after submitting your ID is to complete your face verification. To verify your facial identity.

    1. On the Face verification page, click Start.
      IDFACELIVE___.png

      The application activates your device camera so you can click a picture of your face. While clicking the picture, keep the following points in mind:

      • Look straight into the camera.
      • Make sure you are dressed decently and are not wearing glasses or hats.
      • Follow the instructions by moving your face closer to the camera.
      • Fit your face into the oval frame.
    2. In case of an error, click Try again. In case of success, your photo will be sent automatically to our Verification Team.
      kyc_face_not___.jpg

    You’ll be notified about your application in just a few minutes! Check your notification inbox to find out if your application was approved or declined. You will also receive an email with the result of your verification. 

    Note: You can make 10 verification attempts within a period of 24 hours!

    If you have any questions or face any issues, contact us at [email protected] or  [email protected]. After completing your ID verification, feel free to verify your address as well.

     

  • Is ID verification mandatory?

    We encourage all our users to get their identity verified. However, verification is mandatory in the following cases:

    • Users who reach an equivalent of 1,500 USD in trade volume or wallet activity per year must complete ID verification.
    • Users who reach 10,000 USD in trade volume or wallet activity per year must complete ID and address verification.
    • Users who reach higher trade volumes or engage in certain wallet activity may be subjected to enhanced due diligence and may be asked for additional information, including video verification. 
    • Users trading bitcoin for cash in person and cash by mail for trades higher than 50 USD must compete ID and address verification.
    • Users wanting to create an offer to buy bitcoin must complete ID verification.
    • Users wanting to create an offer to buy or sell bitcoin for cash in person and cash by mail must complete ID and address verification.

    What if I don’t want to verify my account?

    Those who choose not to verify their ID or address can still continue to use Paxful services but they will be subject to a trade and wallet limit put in place for unverified users.

See all 12 articles

Mobile Wallet

Mobile Wallet

  • Paxful Mobile Wallet

    The Paxful Mobile Wallet is out both for Android and iOS. The Paxful Bitcoin Wallet App makes it easy to send, receive and store Bitcoin with your own personal mobile cryptocurrency wallet. The Bitcoin Wallet App is also the ultimate companion tool to Paxful, one of the world’s biggest peer-to-peer bitcoin marketplaces.

    Use the Paxful wallet to:

    • Send and receive Bitcoin in your own private cryptocurrency wallet that lets you transact with anyone at anytime, anywhere.
    • Safely store your hard-earned bitcoin and check your balance in real-time.
    • Track your open trades on Paxful so you know the current status of your most recent transactions as you buy and sell Bitcoin.
    • Share your bitcoin wallet address or QR code with other traders and friends.
    • Personalize your Paxful wallet profile so people you transact with know it’s you.
    • Get updated bitcoin-to-fiat conversion rates at your convenience. 

    So, are you ready to send, receive and store your Bitcoin in a more effective, smarter and faster way? Download the Paxful Bitcoin Wallet now from Google Play Store or App Store to put the power of Paxful in the palm of your hand!

     

  • Mobile app overview

    You can check our video or read the information below.

    Here is a quick guide on the main functionalities of the Paxful Bitcoin Wallet.

    MobileGetStarted.jpg

    Receive bitcoins.

    1. Click on the "Receive" button. 

    2. A unique QR code and wallet address will be generated.

    3. Scan the QR code or copy the address to Clipboard to have bitcoins sent to your Paxful Wallet.

    Send bitcoins.

    1. Click on the "Send" button.

    2. Insert the bitcoin address or scan QR-code and click send.

    3. Enter the amount.

    4. Click on "Review transaction" and check the following information:

    • sending amount

    • network fee

    • total amount including fee (sending amount+network fee)

    • recipient wallet address

    5. Slide to the right to send bitcoins.

    Insert 2FA code if this option is enabled.

    6. You will receive a clear message: "BTC is on the way to recipients wallet".

    Buy and Sell bitcoins.

    a) 1. Click on the "Buy" button.

    b) 1. Click on "Trades".

    2. Click on "Go to Paxful website".

    MobileTrades.jpg

    You will be guided to Paxful web page.

    obileBuyBitcoin.jpg

    Account.

    Make the necessary changes to your account: set 2FA security, change PIN, password or preferred currency.

    mobileaccount.jpg

    Affiliate.

    Share your affiliate link.

    MobileShareAffiliate.jpg

    Notifications.

    Check your latest notifications directly from Mobile App.

    Mobilesignedup_.jpg

  • Getting started with mobile app

    Once you have downloaded Paxful Mobile App, you can register your account, log in and start trading on Paxful. 

    How to register?

    Step 1

    Open Paxful Bitcoin Wallet App. Click on "Create Account".

    Mobilefreewallet.jpg

     

     

    Step 2

    Insert your email and create a password.

    MobileCreateAccc.jpg

    Step 3

    To confirm click "Create Account".

    MobileCreateAcc.jpg

    Step 4

    Check your email inbox or incoming SMS for the code. Insert the code into the app. 

    MobileVerify.jpg

    Step 5

    Set pin for quick access.

    MobileSetPin.jpg

    Step 6

    Re-enter pin.

    MobileRe-enterpin.jpg

     Now you are ready to use Paxful Mobile Wallet!

    MobileGetStarted.jpg

  • Mobile Wallet: issues and solutions

    How to buy and sell bitcoins using the app? 

    In the tab "Wallet", there are "Buy" and "Spend" buttons which open a Paxful web page where you can find offers to start a trade.

    How to create offers? 

    The app does not support creating offers at the moment. Please use Paxful website for this purpose.

    How to view transaction history? 

    The app is showing the last 20-60 transactions on the "Wallet" page, by clicking on one of them you will open detailed information about the transaction.

    How to set up fingerprint? 

    Fingerprint can be enabled on the "Account" tab in "Security" section:

    • iOS fingerprint option should be enabled on a device first. If fingerprint recognition fails more than 3 times - a pin will be required.
    • Android devices should support the fingerprint option and it should be activated in device settings. As standard, there is no limit for attempts. If the fingerprint scan is not working, just close the window and use a pin instead.

    How to solve the sign-in issue?

    Sign in issues:

    • There is an option on each password field to show the password. Please check if you are entering the right password.
    • Some issues might be because you use an old version of the app. System forces time to times to update to the latest versions, but still no 100% hit. Please open the app in the Play Market or in the Appstore and download the latest version.
    • Antibot-solutions that we use might block users if some suspicious activity was detected on device, network, region and etc. In case if you have tried all previous steps, please contact [email protected] for us to investigate your specific case.

    How to solve an error with an incorrect balance number?

    1. Update the mobile app to the latest available version.
    2. Log out and log back in the app.

    Is it possible to use Face ID?

    Face ID is working only if you are not using the app for about 1 min or more (without closing the app). If you close the app, then a pin is required. If Face ID fails more than 3 times - a pin is required. Face ID is available for iOS devices only.

    How can retailers of physical products sellers integrate the app to receive bitcoin from customers as a means of payment?

    The latest versions of the app support Big21 and offer QR code for receiving BTC.




  • Installing Paxful Mobile Wallet in China

    Want to use Paxful Mobile Wallet on Android in China? You are facing internet restrictions to access Google Play? Here are the steps you can take to install our Mobile Wallet successfully.

    Step 1

    Install a VPN on your device.

    A lot of VPN provider websites are blocked in China. However, the main providers have created “mirror” websites (exact copies of the website with a different URL) that are accessible. They can be found on the Internet.

    Below is a list of most popular VPN services:

    • Express VPN
    • VyprVPN
    • Nord VPN
    • Surfshark
    • Astrill
    • StrongVPN

    Please note: Do not buy a VPN until you check if it works in China!

    Step 2

    Download Google Play and get the newest version of our app.

    1. Go to the Google website. Here is the link.
    2. Download Google Play App on your mobile device.
    3. Search in Google Play Market for Paxful Bitcoin Wallet or go to our website. 

    Once you have installed our secure and convenient trading mobile app, please feel free to ask any additional questions to our Customer Experience Team or explore our FAQs.

     

  • Reporting a problem in Mobile Wallet

    Paxful Bitcoin Wallet is supported by Instabug.

    In order to make a report, shake your phone, select "report a problem" on the pop-up screen, make a screenshot, add necessary comments and send. Our Technical Support Team will look into the issue as soon as possible.

    Oct_Articles_01_Instabug-SDK-iOS.png

Partnership

Paxful Peer Program

  • Paxful Peer Program

    What is Paxful Peer Program?

    Paxful Peer Program is an international entrepreneurship program where aspiring crypto professionals dedicate themselves to support Paxful and other crypto enthusiasts through ground support, marketing efforts and social events — while getting rewarded by Paxful!

    This 3 leveled program recognizes success and offers a growth path for every peer.

    • Level 1-Peers
    • Level 2-Ambassadors
    • Level 3- Associates 

    As peers fulfill the requirements of each level, they get rewarded and promoted to the next level by Paxful.

    How to become a Paxful Peer?

    It’s easy to become a #PaxfulPeer! Take a couple of minutes to fill out the application form here and we will get in touch with you within 10 days of your form submission. If you successfully pass the initial screening, you’ll be invited to have a short video interview with us. Once you pass the video interview, you’ll officially become a #PaxfulPeer

    What are the benefits of becoming a Paxful Peer?

    • Cool Paxful SWAG: Goods for you to show off and represent our brand
    • Cool Paxful STASH: Goods for you to give away to your potential new Paxful sign-ups
    • Invite-only Paxful events in your region
    • VIP Support for quick access to Paxful employees and moderators
    • Weekly live online training for a month
    • Limitless Affiliate Program earnings
    • 5 USD in BTC for you and 5 USD in BTC for every new user you sign up (fully KYC-verified) after he/she trades on Paxful
    • A growth path that could lead to potentially becoming a Paxful employee

    What are the different levels of Paxful Peer Program?

    After you submit your application and pass the video interview, you become a Paxful Peer. Being a Paxful Peer comes with a lot of benefits. When you show high performance and meet with the predefined requirements, you can move up to the next level and eventually, potentially become a Paxful employee. You will receive different rewards that are unique to your level:

    • Paxful Peer: Peer badge, live trainings, SWAG, VIP support and an invitation to Paxful events
    • Paxful Ambassador: Generous sponsorship for your meetups along with other monetary bonuses
    • Paxful Associate: Monthly salary, chance to visit a Paxful office, the possibility of becoming a Paxful employee, and various career paths to enhance your skills and knowledge.

    I'm a Paxful Peer how can I become an Ambassador?

    In order to be promoted to be an Ambassador, you need to meet the requirements below:

    • Passing the Peer Test
    • Successful Online Group Moderation
    • Post on social media with the #PaxfulPeer hashtag at least 5 times a week
    • Sign up 21 new users on Paxful (Fully KYC-verified, min. 1 Trade)
    • Weekly feedback on Paxful platform and new features

    What are the benefits of becoming an Ambassador?

    Ambassadors are the ones who create quality content regularly and organize successful meetups while growing their affiliates. They are the content producers and new user generators. As an Ambassador, you receive:

    • Peer Benefits 
    • Ambassador SWAG 
    • Ambassador Badge
    • Up to a $500 subsidy for sponsored meetups 
    • 5 USD in BTC for you and 5 USD in BTC for every new user you sign up (fully KYC-verified) after he/she trades on Paxful.
    • Affiliate Program Earnings
    • Bonus for quality content
    • Bonus for successful meetups

    What do I need to do to maintain my Ambassador status?

    • Organize one successful meetup
    • Post on social media with the #PaxfulPeer hashtag at least 5 times a week
    • One social media campaign per month
    • Feedback on Paxful platform and new features
    • Online group moderation

    As a Paxful Ambassador, how can I become an Associate?

    In order to be promoted to be an Associate, you need to meet the requirements below:

    • Sign up 99 new users on Paxful (Fully KYC-verified, min. 1 Trade)
    • Organize 3 successful meetups
    • Provide quality content (Paxful will decide the quality of the content)
    • Bring at least 1 Peer to the program

    What are the benefits of becoming an Associate?

    • Ambassador Benefits
    • Ambassador Badge
    • $150/month salary
    • Recognition for representing Paxful on social media and press coverage
    • Fly to one of the Paxful offices to meet with the team and see the office environment
    • Chance to follow different paths and receive different badges:
      Professor: Trains other peers
      Consular: Networks with peers and increases the number of peers
      Sentinel: Documents your expertise in creative ways and transforms user feedback into new product features
      Guardian: Defends the Paxful platform against hackers and attacks using your highly tech-savvy skills
    • Chance to join Paxful team as a full-time employee

    What do I need to do to maintain my Ambassador level?

    You need to maintain and manage your Peer & Ambassador community. Based on your Ambassador path your tasks will vary as follows:

    Professor:

    • Trains Peers and Ambassadors

    Consular:

    • Brings one Peer per month

    Sentinel:

    • Creates one Youtube video per month (min. 100 views)

    Guardian:

    • Defends the Paxful platform against hackers and attacks

    What are the Peer/Ambassador/Associate Badges for?

    You will stand out with your badges on Paxful platform. Other users will know that you are part of the Paxful Peer Program and be more willing to trade with you.

    What kind of content can I post on Social Media?

    Please see your Paxful Peer Program Terms and Guidelines agreement.

    What kind of a "Test" do I need to pass to be an Ambassador?

    You need to take an online multi-choice test about Paxful platform. The test is based on your webinars and training. It is crucial that you participate in the training as we expect all Ambassadors to know the ins and outs of our platform.

    As an Ambassador, what do I have to do for my meetup?

    • Suggest a location
    • Have a list of attendees (at least an expected number)
    • Decide the type of meeting (networking, presentation by you, panel discussion, etc.)
    • Prepare your presentation
    • Share your presentation with your Peer Program Coordinator
    • Share your budget proposal and other details about the program

    When I move to the next level, do I also keep my benefits from my previous level?

    Yes, you will get to keep all your benefits.

    What are the differences between each level’s benefits?

    ppp_pres_06new.jpg 




Affiliate Program

  • What is the Paxful Affiliate Program?

    The Paxful Affiliate Program is an exciting opportunity for users to be rewarded for sharing their Paxful affiliate link with their friends and followers.

    Every Paxful user has an affiliate link that can be found on the classic, vendor and affiliate dashboards. When new users sign up using your affiliate link, you earn commissions. The program allows you to earn a 50% commission on the standard escrow fee every time one of your direct affiliates makes a “buy” transaction and a 10% commission on the standard escrow fee when your direct affiliates’ affiliates make a “buy” transactionThe escrow fee is calculated as 1% in all affiliate payouts, except the cases where the affiliate fee is lower than 1%. If the escrow fee is lower than 1%, the affiliate fee is calculated based on the lower fee.

  • How many tiers are in the Paxful Affiliate Program?

    You are not limited to earning money through your direct affiliates. Instead, there are two tiers in the Paxful Affiliate Program -- one direct (Tier1) and one indirect (Tier 2):

    Tier 1: Affiliates who sign up directly through your link are considered Tier 1 affiliates.

    Tier 2: Affiliates who sign up through one of your Tier 1 affiliates’ affiliate links are considered your Tier 2 affiliates.

  • What is the commission structure for each tier of the program?

    We collect an escrow fee from every trade. You earn a commission from the standard escrow fee (1%) we collect, anytime one of your Tier 1 or Tier 2 affiliates successfully completes a trade on Paxful. The commission structure is as follows:

    Tier 1: You receive 50% of our standard escrow fee for successfully completed “buy” trades by this user.

    Tier 2: You receive 10% of our standard escrow fee for successfully completed “buy” trades by this user.

     

     Please note: 

    • The escrow fee is calculated as 1% in all affiliate payouts, except the cases where the affiliate fee is lower than 1%. If the escrow fee is lower than 1%, the affiliate fee is calculated based on the lower fee.
    • If you would like to also earn from your “sell” trades, please contact our Customer Support Team.
  • What content and advertising sources are the best ways to attract traffic to my affiliate link?

    There are many different sources that can work to your advantage, including your blog, your website, Google Ads, Yandex. Direct, Yahoo/Bing ads, mobile ad networks, YouTube channels, and other major entertainment and financial platforms.

    Social media is also a great way to promote your affiliate link. It is a good idea to use track ID’s for all the different promotions you do, so you can observe what works best for you and learn from that.

  • What countries should I target when looking for referrals?

    Paxful has worldwide benefits and can be used virtually anywhere with internet access, so it is really up to you what markets you want to target - local, regional, national or otherwise! Currently, most of our users are from the U.S., while Africa and Asia are our fastest growing markets.

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Buy Bitcoin Widget aka Virtual Kiosk

Buy Bitcoin Widget aka Virtual Kiosk

  • Buy Bitcoin Widget aka Virtual Kiosk

    What is the Buy Bitcoin Widget?

    Buy Bitcoin Widget (aka Virtual Bitcoin Kiosk) is a special interface allowing you to buy Bitcoin peer-to-peer with a step-by-step process.

    How does it work?

    The widget can be configured by every Paxful user after configuring the Kiosk. Buyers who buy bitcoin through the Kiosk use offers from vendors and the widget owner normally receives a 2% bonus on every purchase.

    What are the different configuration options?

    The widget can be configured to show all offers, specific payment method offers or a specific offer.

    The Kiosk can be configured to deposit the bitcoins to either the buyer or to any outside external BTC address.

    What are the maximum and minimum payments possible?

    The minimum trade amount is 10 dollars (also in other currencies).

    There is no direct limitation to the purchase sizes, but for large sums, a vendor can request additional KYC procedures.

    How much do I get paid, how often and how?

    You get 2% of the total volume from each trade that takes place through the Kiosk.

    How do I track my earnings?

    Every time a trade completes successfully you can track your earnings from your Kiosk Dashboard.
    On each successful transaction, you will get an email and your Kiosk balance will rise.

    How often do I get paid?

    You will earn a fee each time a trade is made in real-time. It goes straight to your Kiosk balance.

    How much control do I have? Do my visitors ever leave my site?

    The Kiosk link can be configured to open in a new tab OR can be configured to open inside an iframe. You can set it up to be embedded as an iframe right into pages so that visitors never leave your website. As a part of the process, the buyers will need to register as Paxful users.

    How is the money paid out?

    Your earnings are stored as Bitcoin in your Kiosk account. You can also sell on Paxful for a fee to Bitcoin buyers, making even more!

    How flexible is it? Can I set it only for certain currencies?

    You will be able to specify a starting currency. Even if you don't select a currency, it will be auto-selected based on a visitor’s location with 99% accuracy.

    I am a Paxful vendor, can I use this as a checkout on my site that goes right to my offers?

    Yes! Paxful checkout can easily be made to show only your offers if you pass your offer ID as an argument and only your specific offer will be shown. It will basically serve as an escrow plugin for your site and your customers won't ever think they left your website. Refer to our developer docs how to customize the widget.

    Can I customize the look and feel?

    You have total control over the link or button that launches the Paxful widget. You will be able to customize the look and feel to match your site or app. Text color, background color and the Kiosk name.

    How much can I hope to earn? And how do I know?

    How much you can earn depends on the kind of traffic your site gets and how many purchases take place.

    As a vendor can I add my Bitcoin Kiosk link to my offer page or any other page?

    You can not add anything to your paxful.com/offer/XYZ?affiliate=YOUR_AFF_ID as it will not work. Paxful Bitcoin Kiosk's goal is to increase awareness of Bitcoin by spreading Paxful simple 3 step widget for buying bitcoins. If you want to make 2% extra on your offers, you should simply increase your margin. Kiosk link works only on https://paxful.com/roots/buy-bitcoin/index URLs. For extra customizations of the wizard read our developer docs.

    I have a bitcoin startup and my users need bitcoin. Can I use this as a tool for our users to buy Bitcoin?

    Totally! Paxful widget and its Bitcoin Kiosk was initially designed for other Bitcoin startups to monetize their great content and apps. From a simple blog to an advanced app or Bitcoin wallet, Paxful Buy Bitcoin Bidget is a perfect way for your users to buy their bitcoins right within your app. Plus you will make 2% on every Bitcoin purchase made by your users!

  • Buying Bitcoin with Virtual Kiosk

    If it’s your first time buying bitcoin from one of our partner websites such as xCrypto, Bitmart or Binance, you may want to know exactly what to expect from the trading process. This step-by-step guide aims to give you an overview of this process.

    Before we begin, here’s a quick overview of the Paxful virtual kiosk.

    Step 1 Buy bitcoin

    1. On Buy bitcoin page, enter the amount in AMOUNT field.
    2. Select the currency from the drop-down list on the right.
    3. Click Continue to proceed to the Authenticate step.

    Step_1_Screenshot.png

    Note:

    • This step may start on a partner webpage. In this case, you will be navigated directly to the next step of our Kiosk.
    • Click Show in bitcoin to see how much you will get in BTC.
    • You can click Exit anytime you want to cancel the process.

    Step 2 Authenticate

    1. Enter your email in the EMAIL field to register an account with Paxful. If you already have an account with us, enter your email and password to authenticate.
    2. After authentication, click Continue to go to the next step.

    Step_2_Screenshot.png

    Note: You can skip this step if you have already completed the authentication before entering the Kiosk.

    Step 3 Payment method

    1. Click a payment group tab to select your preferred payment group.

      You will be presented with the best offers based on the following criteria:

      • Best margin: offers with the most profitable markup, according to the current situation on our platform.
      • User is online: offers with most active users will appear in the list.
      • User is verified: offers from users, who passed our ID verification will be available.
      • Best reputation: offers from users with the highest positive feedback.

    2. Select a payment method with an offer from the list in the middle or click Continue. You will go directly to Step 5.

    Step_3_Screenshot.png

    Note: If you click Continue, you will go directly to the highest offer on the list.

    Step 4 Select offer

    1. To change the payment method click Change payment method link above the offer box. 
    2. Select the payment method from the appeared list.
    3. To select a new offer, under the current offer, click Select another offer button.
    4. Select a new offer from the drop-down list.
    5. Click Continue button to open the offer details.

    step_4.1.png

    step_4.2.png

    Step_4.3.png

    Note: To change the payment group click back.png and go to Step 3.

    Step 5 Confirm offer

    1. Read the offer terms carefully and select the checkbox if you agree with the terms. 
    2. Click Continue to start trading.

    Step_5.png

    Step_5.1.png

    Note: 

    • If your account is verified with Paxful, you will go directly to Step 7.
    • To change the offer, click the links Click here to find another offer, Change or back.png and you will go back to Step 4.

    Step 6 Verification

    Before starting a trade, it is important to go through a simple verification process.

    Email

    1. Enter your email in the EMAIL field.
    2. Click Verify. A verification code will be sent to your email address.
    3. Type the verification code in the EMAIL VERIFICATION CODE field.
    4. Enter a new password under CREATE PASSWORD.
    5. Click Continue to start the trade.

    Step_6.png

    Step_6.1.png

    Phone

    1. Enter your valid phone number the PHONE NUMBER field.
    2. Click Verify. An SMS with a security code is sent to your phone number.
    3. Type the security code into the PHONE CONFIRMATION CODE field.
    4. Click Verify to start the trade.

    Step_6.3.png

    Step_6.4.png

    Note: If your account and phone number are verified with Paxful, you will go directly to Step 7.

    Step 7 Trade

    1. Share the necessary information with your trade partner in the chat window.
    2. Click PAID once you make the payment according to the offer terms and instructions. After this, your trade partner will release bitcoins into your wallet.

    STep_7.png

    Step_7.2.png

    Note:

    • At any point in the process, depending on the available option, you can click Logout or Cancel if you do not want to continue.
    • During the trade, if you face any issues, you can click Report a problem or start a dispute to request assistance from our moderators.
    • After clicking PAID, if you do not receive your BTC, you can raise a dispute on the trade and our moderators will step in to help.

    Important: If we detect any fraudulent activity during or after the trade, your account may be banned permanently from our platform.

    See our page on buying bitcoin to learn more about our trade process. Here’s a video on how to dispute a trade. In case of any additional questions, our Support Team will be happy to assist you.

     

     

Pay with Paxful

Pay with Paxful

  • Pay with Paxful

    What is Pay with Paxful?

    Pay with Paxful is a button you can put on your e-commerce/business site solution that lets buyers pay with lots of payment methods, including gift cards.

    Pay With Paxful is great if you have a website and you are selling access, online or physical products. It can be a payment method beside your current ones that will bring in more customers and you don’t have to worry as the process is chargeback free.

    As a merchant, you do need to be willing to accept payment in BTC but there is a multitude of ways to convert it periodically to your local fiat currency.

    How does it work?

    Pay With Paxful brings together three sides: merchants (selling something), buyers (wanting to buy something) and Paxful vendors (exchanging buyer payment methods to BTC). The solution is unique as transactions are handled through the robust Paxful platform trades (which happen peer-to-peer).

    Merchants have control over the configuration of the solution and can track every transaction through a track ID. On every successful payment, a callback can be configured which can be set up to release the goods to the buyers on the merchant side.

    Merchants have a complete transaction list available on their Paxful Merchant Dashboard.

    How secure is Pay with Paxful?

    The Pay with Paxful button uses our secure escrow system and battle-tested platform. Your buyers are safe.
    You, as a merchant, are safe as Paxful uses a secure URL token system to prevent phishing and protect buyers as well as the merchant. To enable automatic send outs to your bitcoin address, you must use our secure token system. Please refer to our developer page.

    Expected earnings with Pay with Paxful and how to track them.

    How much you can earn depends on the transactions completed by buyers.

    Every time a sale completes successfully you will see the transaction on the Merchant Dashboard and you can set up a callback solution to automate the resulting actions on your end.

    Payments are handled in Bitcoin. This means you can keep them as BTC in your Merchant account for exchange for EUR/USD/etc. There are many services available for this, you can even use exchanges such as Kraken.

    Please note: there is an extra (free) step to move the funds from your merchant account to your Paxful wallet.

    How much control do I have? Do my visitors ever leave my site?

    The Kiosk link can be configured to open in a new tab OR can be configured to open inside an iframe. You can set it up so the solution is embedded as an iframe right into pages so that visitors never leave your website. As a part of the process, your users will need to register as Paxful users, but you as a merchant can make the process smoother by providing the user email together with the generated URL so it would be pre-filled for users.

    What are the different configuration options?

    You choose how you want to configure the link. There are some options regarding:
    Currency: You can request the payment in either BTC or in FIAT currency (Paxful can convert the sum based on the market price).
    Sum: Normally you define this, but there is an option to request all user’s Paxful balance (or if the balance is 0, then let the user define it).
    Registration: You can define the user email, to make the purchase process easier.
    Receiver: By default, funds are deposited on your merchant account balance but it is possible to configure deposits to any Bitcoin address.
    Callback: You have to define the Callback address which can handle the callback parameters.

    The full list of technical parameters is available here: (https://developers.paxful.com/pay-with-paxful/authentication-requirements/).

    How easy is this to use really?

    For merchants, the process of setting it up is quite straightforward. You need to do some coding to configure the link generation. You can find examples from the developer documentation: developer page.

    For buyers, the purchase process will be a little unusual. They need to complete a trade with another person, but the solution holds a unique value proposal for them. We are already working to improve the buyer's experience.

    What are the fees involved?

    As a Merchant, there are no fees to use Pay with Paxful.

    Buyers have to pay the standard premiums set by Vendors. This means that buyers do have to pay more than the amount you are requesting from them to cover the Vendor premiums.

    If you want to use External BTC addresses for transactions, then each time an external transaction is used, a send out fee of 0.0005 BTC is deducted from the amount.

    What are the minimum and maximum payments possible?

    A merchant can request any sum, but the minimum trade amount is 10 dollars (also in other currencies). Any amount larger than the amount requested by the merchant will stay in the buyer's Paxful balance and they can use it or withdraw it at any time.

    There is no direct limitation to the purchase sizes but for large sums, a buyer might have to do multiple trades and also vendor can request additional KYC procedures.

    Where to find more information regarding Pay-with-paxful?

    More information can be found on the landing page: https://paxful.com/pay-with-paxful and the developer guide here: https://developers.paxful.com/pay-with-paxful/introduction/

    It is also possible to write to support or get a personal account manager for larger merchants: [email protected]

Glossary

What is?

  • 2-Factor-Authentication (2FA)

    Two Factor Authentication is an extra layer of security that requires not only a password and username but also something which only the user can access such as an SMS to their phone or Google Authenticator. It is a security process in which the user provides two different authentication factors to verify themselves to better protect both the user's credentials and the resources the user can access. In case of unauthorized access to an email account and it was used to reset your Paxful password, with 2-Factor Authentication (2FA), it becomes easier to add another layer of security. If you have 2FA enabled only you will be able to have access to your funds and release trades, that is if you set 2FA for Login, Withdraw and Release.

  • Altcoins

    "Altcoin" is a combination of two words: "alt" and "coin"; alt signifying 'alternative' and coin signifying (in essence) 'cryptocurrency.' Thus together they imply a category of cryptocurrency that is alternative to the digital currency Bitcoin. Many of the altcoins are built upon the basic framework provided by Bitcoin.

  • API

    An application programming interface, or API, is a "go-between" that enables a software program to interact with other software. In the context of trading, an API often refers to the interface that enables your software to connect with a broker to obtain real-time pricing data or place trades.

    An API is for developers or businesses that want to create applications to connect with Paxful.

    Application programming interfaces (APIs) are a way to connect with Paxful even more. For more information, click here.

  • Authy

    Authy delivers a robust API and app that helps you secure users and future proof your business. Two-Factor Authentication is a very secure way to protect your online accounts. It works by requiring you to identify yourself using two different things when you log-in to a site.

  • BCC, BCH or Bcash

    BCC, BCH or Bitcoin Cash is a peer-to-peer cryptocurrency. It is fully decentralized, with no central bank and requires no trusted third parties to operate. It was created in August 2017, arising from a fork of Bitcoin Classic. Bitcoin Cash increases the size of blocks, allowing more transactions to be processed.

    Paxful does not support Bitcoin Cash blockchain at the moment. Paxful do not support forks and do not process any reversals.

  • BIP

    A technical design document providing information to the bitcoin community, or describing a new feature for bitcoin or its processes or environment which affect the Bitcoin protocol.

See all 83 articles

Technical Issues

Technical Problems and Solutions

  • Why do I receive "Unknown bitcoin address" error message?

    While sending bitcoins from Paxful wallet to an external wallet, you may receive a message: “Unknown bitcoin address”. This may happen due any to the following reasons:

    • You have entered an incorrect wallet address.
    • You have entered a non-existing wallet address.
    • You have entered an address that is not a Bitcoin network address.
    • You have entered a bech32 type wallet address.

    Note: Bech32 type also known as "bc1 addresses" are wallet addresses that start with bc1. Example: bc1qar0srrr7xfkvy5l643lydnw9re59gtzzwf5mdq.

    To resolve this error, do the following: 

    • Verify the wallet address you enter. 
    • Ensure you have entered a valid Bitcoin address.
    • Ensure the wallet address you entered is not a Bech32 address. 
  • Trade chat not opening

    Trade chat is not loading or initializing.

    To begin with, please clear cache and cookies and try using a different browser. If this solution does not work, please check status on Firebase. If the status is OK, please contact us for additional assistance via [email protected]

  • "Error uploading file"

    Getting an error when uploading a file in the trade chat.

    In order to upload a file successfully, it needs to meet these requirements:

    • File formats accepted: jpeg, jpg, png, and pdf.
    • Max 5 files can be uploaded simultaneously.
    • The file max size is 5 MB.
  • IP address is banned

    A user is getting a prompt that IP is banned when trying to access the website.

    This means IP can no longer be used to access the website. The IP is highly likely been banned for being previously linked to fraudulent activity or the number of requests received from it exceeded the normal limit.

    Your IP can also be from the banned countries list.

See all 14 articles

API

API

  • What is API ?

    An API is for developers or businesses that want to create applications to connect with Paxful.


    Application programming interfaces (APIs) are a way to connect with Paxful even more. For more information, click here.

Video Guides

Contact

Help

  • Contact support

    Paxful has one of the best 24/7 customer support teams.

    The fastest way to contact support is via live chat. To enable live chat, all you have to do is click on the chat button on the bottom right of the screen.

       

    You can message them any time and a moderator should get to you eventually. Be patient as they might be serving another customer at the moment, but they will get to your issue as soon as they can.

    Another way to contact support is through email. The support email is [email protected] and nothing else. If anyone claims that they are Paxful support and they DON’T have that email, DO NOT respond. 

    Please note: Paxful support will never contact you outside of [email protected] or live chat. Please be aware that Paxful support never asks you for your password. Please never give any personal information, account details and never send any bitcoins to anyone who is pretending to be Paxful support. Paxful support will never use a personal Paxful account to contact you.

    If you follow all the tips given, a team member from our customer support should be able to help you. 

  • Reporting a problem

    Reporting bad users is a way to keep yourself and the community safe.

    Users can either report an offer or report a trade.

    Report an offer - If you’re buying bitcoin and come across an offer that is sketchy, then you can report it by going to the offer and scrolling down until you see “Report a problem”. It will then ask you for the type of your report: outside escrow/ bad offer terms/ obvious scam. Choose one, type your description and then click the report button.

    Report a scam - If you’re selling bitcoin and feel that you have been scammed by the buyer, you can scroll down on the trade page and you’ll see “Report a scam”. It will then ask for the type of report: chargeback/ used gift card code. Type a description of what happened and if you can, attach images as proof. Click “Submit Report” and the report will be filed.

    Report a problem - Buyers can also report a problem inside the trade, regardless if the trade is successful or not. The “Report Problem” button is on the same location as “Report Scam”. Buyers can report vendors for abusive language, unresponsiveness, ripping gift cards, outside escrow trades, etc. With this, you’ll also need to fill out a description box. You must be the payment owner and be able to attach a valid proof.

    All these reports will be reviewed by moderators and you should receive an update via email if the report has been approved or dismissed.  Please make sure that you have submitted enough evidence and a detailed explanation of the problem.

  • Submitting a bug report

    Please reach us in support chat or at [email protected] with a detailed explanation of the technical issue or bug on the website that you found. Please attach the screenshots and explain on which step it occurs.

    Our support team will help you!