Paxful is an extremely popular, peer-to-peer, crypto-to-cash marketplace, which helps you turn cryptocurrency into real money. The platform makes it easy for you to buy and sell cryptocurrency in exchange for fiat money. But how does it work? What’s the difference between a verified and an unverified account? And why should you buy a verified account? Let’s find out!
What Is Paxful?
Paxful is a peer-to-peer crypto-to-cash marketplace that lets you buy and sell cryptocurrency for cash, without the need for an account. Paxful supports all major cryptocurrencies. The platform also offers seller protection, meaning that when you sell cryptocurrency to a buyer with a verified account, Paxful will reimburse you in case your buyer doesn’t send you the money they agreed to pay.
The platform makes it easy for you to buy and sell cryptocurrency in exchange for fiat money. Whether you’re new to cryptocurrencies or already have some experience, Paxful has something for everyone.
Benefits Of Using Paxful
There are many benefits to using Paxful, and two of the most important ones are privacy and convenience.
Privacy – The Paxful platform offers buyers and sellers a lot of privacy because it doesn’t store any personal information like your name, address, or phone number. All the personal information you need to provide is your email address.
Convenience – Paxful is also very convenient because it lets you buy cryptocurrency easily with fiat money. You can make a cash deposit at one of the many locations near you, or you can do an e-transfer. With Paxful, there’s no need to have a bank account to get started.
Buying Crypto WithPaxful
Paxful is one of the most popular peer-to-peer crypto exchanges in the world. It operates as a cryptocurrency marketplace, where buyers and sellers can set their trade terms. However, it’s important to remember that Paxful charges a fee on each transaction.
The marketplace functions like Craigslist or Amazon – people post ads with the specifics of the crypto they want to buy or sell and their desired price. Other users then contact those sellers and negotiate a deal.
There are different types of accounts on Paxful, including unverified and verified accounts. The main difference between an unverified and a verified account is that verified account holders have their identity confirmed through ID documents like passport IDs or driver licenses, while unverified account holders don’t.
For this reason, it’s always recommended that you buy a verified Paxful account so you can be sure your identity is safe.
How To Buy A Verified Paxful Account
The process to Buy Verified Paxful Account is simple, but it varies depending on the country you reside in. If you live in the United States, for example, you can buy a verified account by contacting Paxful customer service. The company will then verify your identity before upgrading your account with verification status.
When you have a verified account, you can buy and sell cryptocurrency more quickly and easily. You also get more security when using your account because all transactions are backed by an Escrow system.
Wrapping Up
Paxful is a safe and easy way to buy and sell cryptocurrency. The marketplace is perfect for both beginners and professionals, as it offers a wide range of payment methods, including cash, bank account transfers, credit cards, and more.