Currencies: 186 (152 fiat & 34 crypto) Countries: 255 PSs & Banks: 332 Exchanges: 325 Offers:
BTC/USD:

Paxful review & testimonials for paxful.com (07.2020)

Paxful user interface: the home page in English

What is Paxful in a nutshell? It's maybe not the most popular, but well established, exchange service (p2p marketplace) supporting 1 cryptocurrency: you can buy and sell coins using 40 fiat currencies (35 banks & payment systems are supported). Exchange service started the business May 2015, it serves the clients for a few years.

This P2P Marketplace welcomes customers from 255 countries (including your country: United States!). It serves the US and allows registrations from all the 56 states and territories. Unfortunately we couldn't yet collect enough data about the order processing speed from the customers of Paxful, although according to information we got, the order processing is not fully automated so delays with the funds delivery may happen. Depending on the order details, you may need to verify your account to exchange crypto on this P2P Marketplace.

Since 2015, Paxful is working hard to get great testimonials from the users. Although, since this P2P Marketplace was recently added to our price comparison platform, we have no user reviews yet. Maybe you can help? If you have any experience dealing with Paxful, can you please leave your testimonial? It will surely be a great help for us and all the community, thanks!

Based on all these facts, our verdict is the following: Paxful is a promising, although not yet reviewed much by our visitors place to buy and sell Bitcoins, an interesting exchange that we believe will get some nice feedback soon!

Overview: is Paxful safe?

Paxful is the P2P Marketplace; exchange started the business May 2015. Unfortunately, there is not much information available about the company doing business as Paxful, etc.

Answering the question how safe is Paxful:

We are sorry, our platform has't yet collected enough data, but you can help! We know fairly much about this P2P Marketplace (please continue reading), but our policies require to collect more testimonials from the users of Paxful to draw a conclusion. Do you have any experience dealing with this service? Please add your feedback, this will be a great help! Or maybe you know someone who does? Kindly ask him/her to tell us about it here! We really appreciate your participation.
Time in the business: 5 years 1 months
Business model: no special licenses, etc.

Overall rating for Paxful: N/A
Although we have not collected enough testimonials to assign a rating to Paxful, we can pre-estimate the rating (considering there will be no user complaints) as 95/100.

Pros & Cons of Paxful

Although Paxful is not yet rated by our visitors, common sense tells us it should have both strong sides and some downsides. Let's check it out:

  • P2P Marketplace operates for a long time, service was started 2015.05.
  • Only 1 digital currencies and 40 fiat ones are supported. Although, a lot of payment systems & banks, totally 35 are supported, both international and national ones: Visa & Mastercard, Sberbank, M-PESA, etc.
  • Almost all the countries in the world are welcomed here! Feel free to check if your country is allowed to register an account.
  • Built-in escrow makes the process almost perfectly safe, especially when you are buying crypto.
  • The quality of service, speed, etc. varies from seller to seller; the platform itself has almost zero impact on these.

Seems that there are not so many cons, but a lot of pros. We hope you will enjoy your experience exchanging at Paxful! Try Paxful today and let us know how you like it!

Services, Paxful Provides

The platform provides the following cryptocurrency exchange-related services:

  • Allows the customers to buy cryptocurrencies with fiat currencies
  • Provides the clients with ways to "cash out" the crypto to fiat currency

As we can see, Paxful doesn't provide any services besides the cryptocurrency exchange, althought it's definitely not a bad thing; after all, we came here for the crypto exchange, right?

Currencies & Payment Systems

Paxful provides the service of buying and selling 1 digital currencies using fiat currencies. The following cryptocurrencies are available to buy/sell: Bitcoin (BTC).

If you are not sure, which one of these electronic currencies you are most interested in, you are welcome to read our guides. For example, these: Cryptocurrencies under 1 dollar to invest in 2020.

40 fiat currencies are supported to provide crypto purchase and selling: United Arab Emirates Dirham (AED), Australian Dollar (AUD), Brazilian Real (BRL), Belarusian Ruble (BYN), Canadian Dollar (CAD), Swiss Franc (CHF), Chinese Yuan (CNY), Colombian Peso (COP), Egyptian Pound (EGP), Euro (EUR), Pound Sterling (GBP), Hong Kong Dollar (HKD), Hungarian Forint (HUF), Indian Rupee (INR), Jordanian Dinar (JOD), Japanese Yen (JPY), Kenyan Shilling (KES), South Korean Won (KRW), Kuwaiti Dinar (KWD), Kazakhstani Tenge (KZT), Sri Lankan Rupee (LKR), Moroccan Dirham (MAD), Mexican Peso (MXN), Malaysian Ringgit (MYR), Nigerian Naira (NGN), Norwegian Krone (NOK), Nepalese Rupee (NPR), New Zealand Dollar (NZD), Philippine Peso (PHP), Pakistani Rupee (PKR), Polish Zloty (PLN), Romanian Leu (RON), Russian Ruble (RUB), Swedish Krona (SEK), Singapore Dollar (SGD), Thai Baht (THB), Turkish Lira (TRY), Ukrainian Hryvna (UAH), US Dollar (USD), South African Rand (ZAR). The P2P Marketplace will let you buy and sell Bitcoins using the following payment systems:

  • Visa & Mastercard. An international payment system (available worldwide) allowing credit/debit cards payments in various currencies. THB, HKD, TRY, RON, UAH, CHF, RUB, CAD, ZAR, SEK, USD, NOK, AUD, NGN, EUR, PLN, BYN, KZT, JPY and GBP payments are available for both buying and selling cryptocurrencies at this exchange. Visa & Mastercard is a popular way to buy BTC and other cryptocurrencies available at 33 exchanges of various types. You are welcome to find the best rate for buying bitcoin with visa & mastercard at our home page!
  • Sberbank. A local bank (you may use from Russia) in various currencies. Just the RUB payments are available for purchasing cryptos at the exchange.
  • M-PESA. An international payment system (you may use from Kenya) allowing mobile payments payments in various currencies. Just the KES payments are available for both buying and selling cryptocurrencies at this exchange.
  • Western Union. An international payment system (available worldwide) allowing money orders payments in various currencies. TRY, PKR, JOD, CNY, INR, GBP, MXN, TND, RUB, CAD, HNL, KWD, EUR, EGP, SAR and USD payments are available for both buying and selling cryptocurrencies at this exchange.
  • Perfect Money. An international payment system (available worldwide) allowing other payments in various currencies. KES, BHD, NGN, AED, EUR and USD payments are available for both buying and selling cryptocurrencies at this exchange.
  • Other Local Payments. An international payment system (available worldwide) allowing other payments in various currencies. EGP, USD, PHP, COP, THB, MYR, CNY, MAD, MXN, RUB, NGN, AED and LKR payments are available for both buying and selling cryptocurrencies at this exchange.
  • BanColombia. A local bank (serving Brazil) in Brazilian Real currency. Just the BRL payments are available for purchasing cryptos at the exchange.
  • Payeer. An international payment system (available worldwide) allowing other payments in various currencies. RUB, EUR and USD payments are available for both buying and selling cryptocurrencies at this exchange.
  • Skrill. An international payment system (available worldwide) allowing e-wallet payments in various currencies. RUB, CAD, AED, KRW, EUR, CNY, SAR, USD, GBP and COP payments are available for both buying and selling cryptocurrencies at this exchange.
  • Qiwi. An international payment system (it's available in 9 countries) allowing e-wallet payments in various currencies. Just the RUB payments are available for purchasing cryptos at the exchange.
  • Yandex Money. A local payment system (serving Russia) allowing e-wallet payments in Russian Ruble currency. Just the RUB payments are available for purchasing cryptos at the exchange.
  • Advanced Cash. An international payment system (available worldwide) allowing other payments in various currencies. TRY, UAH, RUB, EUR, KZT, GBP, BRL and USD payments are available for both buying and selling cryptocurrencies at this exchange.
  • Nequi. A local payment system (serving Brazil) allowing mobile payments payments in Brazilian Real currency. Just the BRL payments are available for purchasing cryptos at the exchange.
  • NETELLER. An international payment system (it's available in 202 countries) allowing e-wallet payments in various currencies. CNY, SGD, JPY, AUD, INR, GBP, ARS, MXN, RUB, CAD, NGN, KRW, DKK, AED, BGN, KWD, EUR, USD and PLN payments are available for both buying and selling cryptocurrencies at this exchange.
  • MoneyGram. An international payment system (available worldwide) allowing money orders payments in various currencies. CNY, EUR, NZD, AUD, USD, COP, GBP, CHF, XAF, RUB, CAD and MYR payments are available for both buying and selling cryptocurrencies at this exchange.
  • Cash in Person. An international payment system (available worldwide) allowing cash payments payments in various currencies. LKR, EUR, NZD, USD, NPR, COP, THB, KES, HKD, MYR, PKR, INR, GBP, HUF, GHS, RUB, CAD, NGN and AED payments are available for both buying and selling cryptocurrencies at this exchange.
  • eBay. A local payment system (serving United States) allowing gift cards payments in US Dollar currency. Just the USD payments are available for both buying and selling cryptocurrencies at this exchange.
  • Steam. An international payment system (available worldwide) allowing gift cards payments in various currencies. AED, AUD, EUR, GHS, SAR, TRY, USD and XAF payments are available for both buying and selling cryptocurrencies at this exchange.
  • BBVA. A local bank (it's available in 7 countries) in various currencies. Just the MXN payments are available for purchasing cryptos at the exchange.
  • Google Play. An international payment system (it's available in 34 countries) allowing gift cards payments in various currencies. BRL, EUR, GBP, HKD, INR, JPY, KRW, SGD, THB and USD payments are available for both buying and selling cryptocurrencies at this exchange.
  • Caixa. A local bank (you may use from Malaysia) in various currencies. Just the MYR payments are available for purchasing cryptos at the exchange.
  • iTunes. An international payment system (available worldwide) allowing gift cards payments in various currencies. AED, BRL, CAD, CNY, EUR, GBP, HKD, MXN, SAR, USD and ZAR payments are available for both buying and selling cryptocurrencies at this exchange.
  • Amazon. An international payment system (it's available in 11 countries) allowing gift cards payments in various currencies. CAD, EUR, GBP, INR, JPY and USD payments are available for both buying and selling cryptocurrencies at this exchange.
  • Vanilla / OneVanilla. A local payment system (serving United States) allowing prepaid cards payments in US Dollar currency. Just the USD payments are available for both buying and selling cryptocurrencies at this exchange.
  • Xbox. An international payment system (available worldwide) allowing gift cards payments in various currencies. AUD, BRL, CAD, EUR, GBP and USD payments are available for both buying and selling cryptocurrencies at this exchange.
  • Banco Bradesco. A local bank (serving Sri Lanka) in Sri Lankan Rupee currency. Just the LKR payments are available for purchasing cryptos at the exchange.
  • SPEI. A local bank (serving Brazil) in Brazilian Real currency. BRL and MXN payments are available for purchasing cryptos at the exchange.
  • Paysafecard. An international payment system (it's available in 43 countries) allowing prepaid cards payments in various currencies. CAD, CHF, DKK, EUR, GBP, MXN, PLN, RON and USD payments are available for both buying and selling cryptocurrencies at this exchange.
  • CIB. A local bank (serving Egypt) in Australian Dollar currency. Just the AUD payments are available for purchasing cryptos at the exchange.
  • Bank of America. A local bank (serving United States) in Moroccan Dirham currency. Just the MAD payments are available for purchasing cryptos at the exchange.
  • Banco Original. A local bank (serving Sri Lanka) in Sri Lankan Rupee currency. Just the LKR payments are available for purchasing cryptos at the exchange.
  • Sephora. An international payment system (you may use from Canada, United States) allowing gift cards payments in various currencies. Just the USD payments are available for both buying and selling cryptocurrencies at this exchange.
  • HSBC. A local bank (it's available in 4 countries) in various currencies. Just the AUD payments are available for purchasing cryptos at the exchange.
  • OXXO. An international payment system (it's available in 5 countries) allowing cash payments payments in various currencies. BRL and MXN payments are available for purchasing cryptos at the exchange.
  • Cebuana Lhuillier. A local payment system (serving Philippines) allowing cash payments payments in Pakistani Rupee currency. Just the PKR payments are available for purchasing cryptos at the exchange.

Paxful fees

Since Paxful is a P2P marketplace, every seller is free to set the fee he wishes. So the fee depends on the offer and can be virtually any amount, although most of the dealers charge very reasonable fees. It's a market, after all! Feel free to browse the offers to check the fees for your country, preferred currency and bank or payment system!

Buying and selling limits

This P2P Marketplace has the following limits, applicable when you buy or sell cryptocurrencies:

The business model of P2P market is based on fact that every seller has his own terms of the trade. Hence we can't provide you with min/max amounts Paxful allows to buy and sell, it really varies from dealer to dealer. Please check it by yourself!

Supported countries

Platform allows the users from 255 countries to use the exchange. The following countries are supported by the p2p marketplace:

  • Afghanistan (AF)
  • Aland Islands (AX)
  • Albania (AL)
  • Algeria (DZ)
  • American Samoa (AS)
  • Andorra (AD)
  • Angola (AO)
  • Anguilla (AI)
  • Antarctica (AQ)
  • Antigua & Barbuda (AG)
  • Argentina (AR)
  • Armenia (AM)
  • Aruba (AW)
  • Ascension Island (AC)
  • Australia (AU)
  • Austria (AT)
  • Azerbaijan (AZ)
  • Bahamas (BS)
  • Bahrain (BH)
  • Bangladesh (BD)
  • Barbados (BB)
  • Belarus (BY)
  • Belgium (BE)
  • Belize (BZ)
  • Benin (BJ)
  • Bermuda (BM)
  • Bhutan (BT)
  • Bolivia (BO)
  • Bosnia & Herzegovina (BA)
  • Botswana (BW)
  • Bouvet Island (BV)
  • Brazil (BR)
  • British Indian Ocean Territory (IO)
  • British Virgin Islands (VG)
  • Brunei (BN)
  • Bulgaria (BG)
  • Burkina Faso (BF)
  • Burundi (BI)
  • Cambodia (KH)
  • Cameroon (CM)
  • Canada (CA)
  • Canary Islands (IC)
  • Cape Verde (CV)
  • Caribbean Netherlands (BQ)
  • Cayman Islands (KY)
  • Central African Republic (CF)
  • Ceuta & Melilla (EA)
  • Chad (TD)
  • Chile (CL)
  • China (CN)
  • Christmas Island (CX)
  • Cocos (Keeling) Islands (CC)
  • Colombia (CO)
  • Comoros (KM)
  • Congo - Brazzaville (CG)
  • Congo - Kinshasa (CD)
  • Cook Islands (CK)
  • Costa Rica (CR)
  • Côte d’Ivoire (CI)
  • Croatia (HR)
  • Cuba (CU)
  • Curaçao (CW)
  • Cyprus (CY)
  • Czech Republic (CZ)
  • Denmark (DK)
  • Diego Garcia (DG)
  • Djibouti (DJ)
  • Dominica (DM)
  • Dominican Republic (DO)
  • Ecuador (EC)
  • Egypt (EG)
  • El Salvador (SV)
  • Equatorial Guinea (GQ)
  • Eritrea (ER)
  • Estonia (EE)
  • Ethiopia (ET)
  • Falkland Islands (FK)
  • Faroe Islands (FO)
  • Fiji (FJ)
  • Finland (FI)
  • France (FR)
  • French Guiana (GF)
  • French Polynesia (PF)
  • French Southern Territories (TF)
  • Gabon (GA)
  • Gambia (GM)
  • Georgia (GE)
  • Germany (DE)
  • Ghana (GH)
  • Gibraltar (GI)
  • Greece (GR)
  • Greenland (GL)
  • Grenada (GD)
  • Guadeloupe (GP)
  • Guam (GU)
  • Guatemala (GT)
  • Guernsey (GG)
  • Guinea (GN)
  • Guinea-Bissau (GW)
  • Guyana (GY)
  • Haiti (HT)
  • Heard Island and McDonald Islands (HM)
  • Honduras (HN)
  • Hong Kong SAR China (HK)
  • Hungary (HU)
  • Iceland (IS)
  • India (IN)
  • Indonesia (ID)
  • Iran (IR)
  • Iraq (IQ)
  • Ireland (IE)
  • Isle of Man (IM)
  • Israel (IL)
  • Italy (IT)
  • Jamaica (JM)
  • Japan (JP)
  • Jersey (JE)
  • Jordan (JO)
  • Kazakhstan (KZ)
  • Kenya (KE)
  • Kiribati (KI)
  • Kosovo (XK)
  • Kuwait (KW)
  • Kyrgyzstan (KG)
  • Laos (LA)
  • Latvia (LV)
  • Lebanon (LB)
  • Lesotho (LS)
  • Liberia (LR)
  • Libya (LY)
  • Liechtenstein (LI)
  • Lithuania (LT)
  • Luxembourg (LU)
  • Macau SAR China (MO)
  • Macedonia (MK)
  • Madagascar (MG)
  • Malawi (MW)
  • Malaysia (MY)
  • Maldives (MV)
  • Mali (ML)
  • Malta (MT)
  • Marshall Islands (MH)
  • Martinique (MQ)
  • Mauritania (MR)
  • Mauritius (MU)
  • Mayotte (YT)
  • Mexico (MX)
  • Micronesia (FM)
  • Moldova (MD)
  • Monaco (MC)
  • Mongolia (MN)
  • Montenegro (ME)
  • Montserrat (MS)
  • Morocco (MA)
  • Mozambique (MZ)
  • Myanmar (Burma) (MM)
  • Namibia (NA)
  • Nauru (NR)
  • Nepal (NP)
  • Netherlands (NL)
  • New Caledonia (NC)
  • New Zealand (NZ)
  • Nicaragua (NI)
  • Niger (NE)
  • Nigeria (NG)
  • Niue (NU)
  • Norfolk Island (NF)
  • Northern Mariana Islands (MP)
  • North Korea (KP)
  • Norway (NO)
  • Oman (OM)
  • Pakistan (PK)
  • Palau (PW)
  • Palestinian Territories (PS)
  • Panama (PA)
  • Papua New Guinea (PG)
  • Paraguay (PY)
  • Peru (PE)
  • Philippines (PH)
  • Pitcairn Islands (PN)
  • Poland (PL)
  • Portugal (PT)
  • Puerto Rico (PR)
  • Qatar (QA)
  • Réunion (RE)
  • Romania (RO)
  • Russia (RU)
  • Rwanda (RW)
  • Samoa (WS)
  • San Marino (SM)
  • São Tomé & Príncipe (ST)
  • Saudi Arabia (SA)
  • Senegal (SN)
  • Serbia (RS)
  • Seychelles (SC)
  • Sierra Leone (SL)
  • Singapore (SG)
  • Sint Maarten (SX)
  • Slovakia (SK)
  • Slovenia (SI)
  • Solomon Islands (SB)
  • Somalia (SO)
  • South Africa (ZA)
  • South Georgia & South Sandwich Islands (GS)
  • South Korea (KR)
  • South Sudan (SS)
  • Spain (ES)
  • Sri Lanka (LK)
  • St. Barthélemy (BL)
  • St. Helena (SH)
  • St. Kitts & Nevis (KN)
  • St. Lucia (LC)
  • St. Martin (MF)
  • St. Pierre & Miquelon (PM)
  • St. Vincent & Grenadines (VC)
  • Sudan (SD)
  • Suriname (SR)
  • Svalbard & Jan Mayen (SJ)
  • Swaziland (SZ)
  • Sweden (SE)
  • Switzerland (CH)
  • Syria (SY)
  • Taiwan (TW)
  • Tajikistan (TJ)
  • Tanzania (TZ)
  • Thailand (TH)
  • Timor-Leste (TL)
  • Togo (TG)
  • Tokelau (TK)
  • Tonga (TO)
  • Trinidad & Tobago (TT)
  • Tristan da Cunha (TA)
  • Tunisia (TN)
  • Turkey (TR)
  • Turkmenistan (TM)
  • Turks & Caicos Islands (TC)
  • Tuvalu (TV)
  • Uganda (UG)
  • Ukraine (UA)
  • United Arab Emirates (AE)
  • United Kingdom (GB)
  • United States (US)
  • Uruguay (UY)
  • U.S. Outlying Islands (UM)
  • U.S. Virgin Islands (VI)
  • Uzbekistan (UZ)
  • Vanuatu (VU)
  • Vatican City (VA)
  • Venezuela (VE)
  • Vietnam (VN)
  • Wallis & Futuna (WF)
  • Western Sahara (EH)
  • Yemen (YE)
  • Zambia (ZM)
  • Zimbabwe (ZW)

Does Paxful allow the users from United States (US)?

USA flag

Yes, Paxful allows the registrations from the United States! P2P Marketplace permits the users from 56 states and territories to register at and use the services exchange provides:

  • Alabama (AL)
  • Alaska (AK)
  • American Samoa (AS)
  • Arizona (AZ)
  • Arkansas (AR)
  • California (CA)
  • Colorado (CO)
  • Connecticut (CT)
  • Delaware (DE)
  • District of Columbia (DC)
  • Florida (FL)
  • Georgia (GA)
  • Guam (GU)
  • Hawaii (HI)
  • Idaho (ID)
  • Illinois (IL)
  • Indiana (IN)
  • Iowa (IA)
  • Kansas (KS)
  • Kentucky (KY)
  • Louisiana (LA)
  • Maine (ME)
  • Maryland (MD)
  • Massachusetts (MA)
  • Michigan (MI)
  • Minnesota (MN)
  • Mississippi (MS)
  • Missouri (MO)
  • Montana (MT)
  • Nebraska (NE)
  • Nevada (NV)
  • New Hampshire (NH)
  • New Jersey (NJ)
  • New Mexico (NM)
  • New York (NY)
  • North Carolina (NC)
  • North Dakota (ND)
  • Northern Mariana Islands (MP)
  • Ohio (OH)
  • Oklahoma (OK)
  • Oregon (OR)
  • Pennsylvania (PA)
  • Puerto Rico (PR)
  • Rhode Island (RI)
  • South Carolina (SC)
  • South Dakota (SD)
  • Tennessee (TN)
  • Texas (TX)
  • U.S. Virgin Islands (VI)
  • Utah (UT)
  • Vermont (VT)
  • Virginia (VA)
  • Washington (WA)
  • West Virginia (WV)
  • Wisconsin (WI)
  • Wyoming (WY)

It's possible to use the USD currency to buy/sell 1 cryptocurrencies at the Paxful: 20 banks and payment systems totally (out of the 35 the p2p marketplace supports, that's 57% of all the available ones) can be used by people from the U.S.A.:

  • Advanced Cash
  • Amazon
  • Bank of America (note: buying only!)
  • Cash in Person
  • eBay
  • Google Play
  • iTunes
  • MoneyGram
  • NETELLER
  • Other Local Payments (note: buying only!)
  • Payeer
  • Paysafecard (note: buying only!)
  • Perfect Money
  • Sephora
  • Skrill
  • Steam
  • Vanilla / OneVanilla
  • Visa & Mastercard
  • Western Union
  • Xbox

Customer service

Sorry, but we haven't collected enough data about this yet. Do you have any experience exchanging with the Paxful? Can you please add your testimonial? This will help everyone a lot, thanks!

Verification at Paxful

The p2p marketplace may require the customers to pass through the user identification (account verification) process. Paxful may require you to verify some information about your identity; the details depend on order amount, exchange direction, payment systems used, etc.

And remember that since this is a P2P market, every seller or buyer creating an ad is free to determine his own terms. Some dealers require KYC, some — don't. You'll see all the details during an order creation.

According to the customers surveys results, the average time to verify an account at Paxful is the following:

Sorry, we haven't yet collected enough data. Do you know, how fast Paxful does account verification? Kindly let us know, too. Thank you very much!

Deposit/withdrawal speed

Unlike all other exchange platforms, the P2P marketplace has almost no control over the funds delivery speed. In fact, it all depends on the dealer: if him or her will be fast, your monies are in wallet in no time. But if he/she is not — that's a completely different story!

Customers' testimonials

There are currently no users testimonials about the Paxful. Do you have any experience using this p2p marketplace? If you do, please say a couple of words about it!

FAQ about Paxful

Does Paxful holds my funds?

Yes, it does. Although you can always withdraw the funds to your e-currency wallet "by default" Paxful holds your balance at it's own hot storage wallet. Funds are kept on the escrow accounts, this is how P2P markets operates; but it's much safer to store your funds at other place.

Is Paxful a good p2p marketplace?

Although we have not enough users' reviews yet, we analyzed the information we have. Feel free to get acquainted with the details reading this review or just jump to the conclusion!

Is Paxful licensed? Does it hold e-money license?

It is not, although seems that such business model complies with the regulation in Paxful home country.

Is Paxful a ripoff?

It is not a ripoff, although we have not rated Paxful yet due to lack of user testimonials, it complies with our standards. Feel free to read the whole this review to understand why or check our conclusion: is Paxful legit or scam.

Paxful vs other exchanges

Let's compare Paxful to other similar exchange services with similar features: others of p2p marketplace type mostly. Besides, seems reasonable to compare the platform with the exchanges having similar rating and serving (mostly) the same geographic, etc. Remember that if you wish to find the exchange offering the best price to buy/sell Bitcoin and 33 other cryptos, check the best rates to buy bitcoin and crypto in United States!

Paxful vs BitQuick

Let's compare the key features of these two platforms to see which one suits you best:

  • BitQuick is a p2p marketplace Paxful is a p2p marketplace, both are using the same business model.
  • BitQuick had started the business October 2013 Paxful started the business May 2015 (BitQuick is working for 1 years and 7 months longer time).
  • BitQuick has all the required business licenses and permissions Paxful is an ordinary company without licenses, etc. (BitQuick's business model is more stable and safer for clients).
  • Besides the digital currencies exchange, BitQuick provides no extra services Paxful provides more exchange-related services: it allows us to purchase and sell digital currencies.
  • BitQuick doesn't have any fiat currencies supported You'll be able to use 40 fiat currencies to swap with digital ones at Paxful (Paxful supports 40 fiat currencies more).
  • BitQuick doesn't allow any fiat payments Paxful allows the user to utilize 35 various fiat payment systems and/or banks (Paxful supports 35 fiat payment systems and banks more).
  • BitQuick allows registrations from 1 countries; United States is among the supported ones You may register at Paxful if you reside in one of 255 countries; it serves United States among others (Paxful supports more countries worldwide).
  • During the account verification BitQuick usually asks for 1 document / procedure: (phone confirmation) User identification at Paxful usually consists of some (it depends) different procedures (Paxful 's compliance program requires the client to take more actions or to provide more data).

Although the final decision, which exchange — BitQuick or Paxful — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

Paxful vs Coinbase

Let's compare the key features of these two platforms to see which one suits you best:

  • Coinbase is a e-wallet Paxful is a p2p marketplace, it has a different business model (feel free to read about the differences between e-wallet and p2p marketplace)
  • Coinbase had started the business June 2012 Paxful started the business May 2015 (Coinbase is working for 2 years and 11 months longer time).
  • Coinbase has all the required business licenses and permissions Paxful is an ordinary company without licenses, etc. (Coinbase's business model is more stable and safer for clients).
  • Besides buying and selling cryptocurrencies, Coinbase provides the following extra services: ATM Cards and the Merchant Services Paxful provides us with less services, related to the crypto exchange: it allows us to purchase and sell digital currencies.
  • Coinbase supports 11 cryptocurrencies Paxful allows to exchange 1 cryptos (Paxful supports 10 cryptocurrencies less).
  • 6 fiat currencies are available at Coinbase You'll be able to use 40 fiat currencies to swap with digital ones at Paxful (Paxful supports 34 fiat currencies more).
  • Coinbase accepts deposits from and allows withdrawals to 4 fiat payment systems / banks Paxful allows the user to utilize 35 various fiat payment systems and/or banks (Paxful supports 31 fiat payment systems and banks more).
  • Coinbase allows registrations from 39 countries; United States is among the supported ones You may register at Paxful if you reside in one of 255 countries; it serves United States among others (Paxful supports more countries worldwide).
  • During the account verification Coinbase usually asks for 2 documents and/or procedures: (id verification, phone confirmation) and it takes a day or two in most of the cases User identification at Paxful usually consists of some (it depends) different procedures (Paxful 's compliance program requires the client to take more actions or to provide more data).

Although the final decision, which exchange — Coinbase or Paxful — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

Paxful vs Changelly

Let's compare the key features of these two platforms to see which one suits you best:

  • Changelly is a broker Paxful is a p2p marketplace, it has a different business model (feel free to read about the differences between broker and p2p marketplace)
  • Changelly had started the business December 2013 Paxful started the business May 2015 (Changelly is working for 1 years and 4 months longer time).
  • Changelly has all the required business licenses and permissions Paxful is an ordinary company without licenses, etc. (Changelly's business model is more stable and safer for clients).
  • Besides the digital currencies exchange, Changelly provides no extra services Paxful provides more exchange-related services: it allows us to purchase and sell digital currencies.
  • Changelly doesn't have any fiat currencies supported You'll be able to use 40 fiat currencies to swap with digital ones at Paxful (Paxful supports 40 fiat currencies more).
  • Changelly doesn't allow any fiat payments Paxful allows the user to utilize 35 various fiat payment systems and/or banks (Paxful supports 35 fiat payment systems and banks more).
  • Changelly allows registrations from 242 countries; we are sorry, but United States is not supported this time You may register at Paxful if you reside in one of 255 countries; it serves United States among others (Paxful supports more countries worldwide).
  • Changelly allows the user to be anonymous, there is no account verification, etc. User identification at Paxful usually consists of some (it depends) different procedures (Paxful 's compliance program requires the client to take more actions or to provide more data).

Although the final decision, which exchange — Changelly or Paxful — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

Paxful vs Binance

Let's compare the key features of these two platforms to see which one suits you best:

  • Binance is a trading platform Paxful is a p2p marketplace, it has a different business model (feel free to read about the differences between trading platform and p2p marketplace)
  • Binance had started the business April 2017 Paxful started the business May 2015 (Paxful operates 1 years and 11 months longer).
  • Binance has all the required business licenses and permissions Paxful is an ordinary company without licenses, etc. (Binance's business model is more stable and safer for clients).
  • Besides the crypto to crypto exchange, Binance provides the following extra services: Mobile wallet, Lending and the Margin Trading Paxful provides us with less services, related to the crypto exchange: it allows us to purchase and sell digital currencies.
  • Binance supports 31 cryptocurrencies Paxful allows to exchange 1 cryptos (Paxful supports 30 cryptocurrencies less).
  • Binance doesn't have any fiat currencies supported You'll be able to use 40 fiat currencies to swap with digital ones at Paxful (Paxful supports 40 fiat currencies more).
  • Binance doesn't allow any fiat payments Paxful allows the user to utilize 35 various fiat payment systems and/or banks (Paxful supports 35 fiat payment systems and banks more).
  • Binance allows registrations from 255 countries; United States is among the supported ones You may register at Paxful if you reside in one of 255 countries; it serves United States among others (Paxful & Binance support the same number of countries and territories).
  • During the account verification Binance usually asks for 1 document / procedure: (selfie) User identification at Paxful usually consists of some (it depends) different procedures (Paxful 's compliance program requires the client to take more actions or to provide more data).

Although the final decision, which exchange — Binance or Paxful — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

Paxful vs Zank

Let's compare the key features of these two platforms to see which one suits you best:

  • Zank is a broker Paxful is a p2p marketplace, it has a different business model (feel free to read about the differences between broker and p2p marketplace)
  • Zank had started the business July 2018 Paxful started the business May 2015 (Paxful operates 3 years and 1 months longer).
  • Zank has all the required business licenses and permissions Paxful is an ordinary company without licenses, etc. (Zank's business model is more stable and safer for clients).
  • Besides buying and selling cryptocurrencies, Zank provides no extra services Paxful provides the same number of services as Zank: it allows us to purchase and sell digital currencies.
  • Zank supports 1 cryptocurrencies Paxful allows to exchange 1 cryptos (Paxful & Zank support the same number of digital currencys).
  • 5 fiat currencies are available at Zank You'll be able to use 40 fiat currencies to swap with digital ones at Paxful (Paxful supports 35 fiat currencies more).
  • Zank accepts deposits from and allows withdrawals to 21 fiat payment systems / banks Paxful allows the user to utilize 35 various fiat payment systems and/or banks (Paxful supports 14 fiat payment systems and banks more).
  • Zank allows registrations from 254 countries; we are sorry, but United States is not supported this time You may register at Paxful if you reside in one of 255 countries; it serves United States among others (Paxful supports more countries worldwide).
  • During the account verification Zank usually asks for 3 documents and/or procedures: (id verification, address confirmation, card verification) and it takes a day or two in most of the cases User identification at Paxful usually consists of some (it depends) different procedures (Paxful 's compliance program requires the client to take more actions or to provide more data).

Although the final decision, which exchange — Zank or Paxful — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

Conclusion: is Paxful legit or scam?

Now it's time to draw a conclusion, is Paxful a scam or is it a legit exchange? We hadn't yet collected enough testimonials to assign Paxful a rating, but according to our research it's a good exchange. We have found no evidence that this p2p marketplace is a scam so it should be save to deal with. Let's summarize what we like most (and what we don't) about the Paxful:

  • Although it has no financial licenses, etc. such a business model complies with the regulation
  • The p2p marketplace holds users' funds
  • This company has being in the business for a long time; exchange was started 5 years and 1 months ago
  • Exchange supports 1 cryptocurrencies and 40 fiat ones (totally 35 payment systems / banks are available). There are no extra services besides the digital currencies exchange
  • Paxful allows registrations from 255 countries; people from United States may use the service

Overall rating for Paxful: N/A
Although we have not collected enough testimonials to assign a rating to Paxful, we can pre-estimate the rating (considering there will be no user complaints) as 95/100.