Two Factor Authentication (2FA) is an additional layer of security where the user provides two different authentication factors to verify themselves. This is often used to protect the user's credentials and any resources the user is trying to access (such as the Paxful platform). Only the user can access their specific 2FA alert, and these alerts are sent as an SMS to the user’s phone or Google Authenticator (GA).
Anti-money Laundering (AML)
AML refers to a set of laws, regulations, and procedures intended to prevent people from disguising illegally obtained funds as legitimate income. Paxful takes AML protocol seriously, and we abide by all laws, regulations, and procedures.
Block chain, blockchain
The Bitcoin block chain is a public record of all Bitcoin transactions. You might also hear the term used as a “public ledger.” The block chain shows every single record of bitcoin transactions in order, dating back to the very first one. The entire block chain can be downloaded and openly reviewed by anyone, or you can use a block explorer to review the block chain online.
Coin Locking or a coinlock is when a buyer holds onto a seller's cryptocurrency in a trade escrow without an intention to make payment and complete the trade. This is a common case of cryptocurrency fraud.
A cold wallet is a Bitcoin wallet that is in cold storage. It is considered hardware that is not connected to the internet. When you are not connected to the internet, your Paxful wallet becomes a cold wallet.
Cryptocurrency or digital currency is a type of currency that uses cryptography instead of a central bank to provide security and verify transactions. Bitcoin is the first developed cryptocurrency.
ETH or Ethereum
ETH or Ethereum is an open software platform based on blockchain technology that enables developers to build and deploy decentralized applications. Like Bitcoin, Ethereum is a distributed public blockchain network. the Ethereum blockchain focuses on running the programming code of any decentralized application. In the Ethereum blockchain, instead of mining for bitcoin, miners work to earn Ether, a type of crypto token that fuels the network.
Google authenticator (GA)
Authenticatorは、ユーザーがGoogleのサービスやその他のサイトにログインする際にユーザー名とパスワードの加えて入力が必要する必要がある6～8桁のワンタイムパスワードを提供します。 Authenticatorはパスワードマネージャーやファイルホスティングサービスなどのサードパーティ製アプリケーションのコードを生成することもできます。 このソフトウェアの古いバージョンはオープンソースでしたが、その後のリリースでは独占権下にあります。
A hot wallet is a Bitcoin wallet that resides on a device that is connected to the internet. A wallet installed on a desktop computer or smartphone is usually a hot wallet.
An offer term(s) is a short description of the requirements needed before a trade begins. In the offer term, buyers can describe additional information needed to complete the sale of the offer. An offer term often includes the buyer’s preferred payment method and a list of actions that the seller needs to complete to make the trade successful.
Note: Offer terms must be in accordance with Paxful Terms of Service.
Paxful Pay is a button you can put on your personal webpage on any shopping cart or app that lets buyers pay without bank accounts or credit cards. Payments go through Paxful website which allows buyers to pay with their Paxful wallet balance or by using one of the available payment methods.
ウェブ広告主と勧誘を受けたウェブサイト管理者が関与する自動化された電子プログラムです。 あなたのサイトから業者サイトへのリンクに対し、業者があなた（「アフィリエイト」）に支払いを行う関係です。 通常、アフィリエイトは、リンクを介して業者による売却が実際に成立した場合にのみ支払いを受け取ります。 Paxfulアフィリエイトプログラムを利用すれば、友人、家族、さらにはフォロワーとプラットフォームを共有してすぐに小遣いを稼ぐことができます。
A private key is a string of data (letters and numbers) that shows that you have access to Bitcoins in a specific wallet. Think of a private key like a password; private keys should not be shared with others as they allow you to spend Bitcoins from your Bitcoin wallet through a cryptographic signature. It is similar to your password when online banking.
A seller or vendor is someone who sells their cryptocurrency in a trade. It is the duty of the seller to automatically release the cryptocurrency from escrow as soon as they've verified the payment. If the seller or vendor doesn’t release the cryptocurrency, they will remain in escrow.
Terms of Service (ToS)
Terms of Service (ToS) is a contract or agreement made between a company and the product user. If the user does not abide by the ToS agreement while using the product, the user may be inflicted with penalties. Take a look at Paxful’s ToS here.
Trade ID (Trade Hash)
A Trade ID or Trade Hash is a unique identifier of a completed trade on Paxful. The Trade ID makes your trade easily trackable within the Paxful platform.
Active funded – a trade has started, and funds have been transferred from the seller’s wallet into trade escrow.
Paid – a buyer has marked the trade as paid. It means that a buyer of cryptocurrency is sure that he has made the payment and has actually clicked the Paid button.
Expired – every trade has a payment window for a buyer to make a payment. When a trade is funded, but a buyer failed to mark a trade as paid, the payment window expires. This status means that a trade has been cancelled.
Cancelled – a buyer or a seller has willingly cancelled a trade.
Dispute open – a buyer or a seller has opened a dispute.
Successful – a seller of cryptocurrency has released funds from the trade escrow to the buyer’s wallet.
Awarded seller – a dispute has taken place, and cryptocurrency was awarded to the seller of cryptocurrency.
Awarded buyer – a dispute has taken place, and cryptocurrency was awarded to the buyer of cryptocurrency.
Transaction Fee (Miner's Fee)
Also known as a "miner's fee", a transaction fee is an amount of cryptocurrency that is collected by the miner from each transaction. See the list of our fees in this article.
Transaction ID (TXID)
A Transaction ID or TXID is an identification number for a Bitcoin transaction. It is an alphanumeric string that labels each transaction within the coin's blockchain. This differs from trade IDs, which are only associated with the trades made within the Paxful marketplace for receiving cryptocurrencies only. In comparison, TXIDs are recorded over the blockchain and work within the wallet for a Bitcoin trade.
A wallet is a collection of Bitcoin private keys used to spend Bitcoin. Just like with paper currency that is held in your physical wallet, a Bitcoin wallet is a digital wallet where you can store, send, and receive Bitcoin securely. There are many varieties of wallets available, such as hot wallets and cold wallets.
You get a free Paxful Bitcoin wallet the moment you create an account on Paxful. Your public and private keys are safely stored by Paxful, and access to the wallet is protected with a password and 2FA.
On Paxful, offers are specific trade proposals that are split into two types: Buy offers and Sell offers. These proposals have offer options that include fixed currency rates (USD, Euro, etc), cryptocurrency exchange rates, and many different payment methods.
Buy offer: This is a trade proposal created by users who are trying to buy cryptocurrency in exchange for a different payment method (i.e. gift cards, fixed currencies). Payment methods are set by the buyer in this instance. Users can find buy offers here.
Sell offer: This is a trade proposal created by users who are trying to sell cryptocurrency in exchange for a payment method set in the offer. Users can find sell offers here.
Who can create an offer?
An offer can be created by any user. It is important to note that some of the offers require a bond, a minimum balance in your Paxful wallet or KYC.
Why create an offer?
You can trade on Paxful by searching for existing offers. But in this case, you depend on the terms of others. Creating your own offer gives an option to set your own terms, trade partner-related requirements, and create a flow of trades.
Your Paxful Dashboard is your hub for all your cryptocurrency trading needs. ダッシュボードは、あなたが必要とするすべての情報にアクセスできる個人用のツールです。 There are 4 different types of dashboards on the Paxful website: Classic, Vendor, Merchant, and Affiliate Dashboard.
Classic Dashboard: This is the default dashboard where you will see your active trades and shortcuts for buying and selling cryptocurrency. On this dashboard, you can also create and edit your offers, see your past trades, see the overview of your affiliates, and account activity.
Vendor Dashboard: On this dashboard, you can see your active trades, an overview of your affiliates, your sales charts, offer stats, feature requests, and canceled trade survey results. You can create and edit offers here.
Merchant Dashboard: This dashboard exclusively applies to users who are using the “Pay with Paxful” feature. The Merchant Dashboard is where merchants can see their sales for the last 28 days.
Affiliate Dashboard: This is the dashboard to track your affiliates and your affiliate commissions from the Paxful Affiliate Program. You can find your affiliate link on this dashboard to share it with your network. On the affiliate dashboard, you can create unique trackable links in the ‘Track ID’ section.
A transaction is an entry in the blockchain that describes a transfer of Bitcoin from one address to another. A transaction occurs when data is sent to and from one Bitcoin address to another. Just like when you send money from one person to another in a traditional financial transaction, with Bitcoin you do a similar action by sending data (Bitcoin) to each other.
There are three bitcoin address formats currently in use:
P2PKH addresses start with the number 1.
P2SH addresses start with the number 3.
Bech32 addresses also known as "bc1 addresses" start with bc1.
- QR Codes can also be used as a wallet address.
Paxful allows withdrawals to P2PKH, P2SH, and Bech32 addresses.
- P2PKH addresses start with the number 1.
A set of letters and numbers which Bitcoin can be sent to and from. A Bitcoin address can be shared publicly, and like sending a message to an email address, a Bitcoin address can be provided to others that wish to send you Bitcoin.
Here is an example of a Bitcoin wallet address:
A wallet address can also be presented as a QR code.
Peer-to-Peer is a type of network where participants communicate directly with each other rather than through a centralized server. The Bitcoin network is a peer-to-peer network.