When it comes to purchasing any cryptocurrency such as Bitcoin, traders usually head towards different trading platforms or different exchanges. Now, if we talk about bitcoin, traders head toward several popular trading platforms or businesses such as Bitstamp, Kraken, Coin base, and coin mama, respectively. However, some of these platforms don’t provide all the things traders need. For instance, Coinbase does not take traders from every country.
In this case, traders always struggle to find the best network of Bitcoin or any other cryptocurrency seller. Their network can be best explained as “eBay of purchasing cryptocurrency.” Among all the cryptocurrency platforms, Paxful is one of the top-rated platforms.
In this article, we have analyzed the Paxful and the kind of services it supplies. You may also find the reasons why to choose Paxful for cryptocurrency purchases.
What is Paxful?
Paxful is a peer-to-peer marketplace of bitcoin. The Paxful Company established by Artur Schaback and Ray Youssef in 2015 became famous after they helped sex workers to get them Bitcoin as an enormous payment system when Visa and MasterCard stopped giving their services to Backpage. Like Paxful, Big Money Rush has caught the eye of many traders due to its ultimate services and features.
Paxful is very identical to LocalBitcoin because of its transparency and ease of usage. Like Litecoins, every trader in the world can freely trade any bitcoin through Paxful. This trading platform is used worldwide by traders. However, New York states cannot operate or use this platform because they do not hold the required BitLicense.
The traders of every country are using Paxful for an extended period. However, the usage of Paxful in some countries such as India, Russia, Nigeria, and China is prominent. Paxful helps to create a link with buyer and seller for the easy exchange of the bitcoin.
Reasons why Paxful is the best exchange
Paxful is an expanded exchange platform. Many traders are heading toward it because of its diversity among the services and features. Some of the top features are discussed below, which states why it is best to choose Paxful over any other exchange platform.
- Ease of use
There are a lot of traders who find several platforms very complex and challenging. As you know, today, everyone wants beneficial but straightforward systems. So in this regard, Paxful has proved to be the best choice for the traders as it provides ease of use. It offers the intuitive distribution of several options. Also, it gives its traders a minimalistic menu to use without any hassle. Every feature of it is labeled clearly, so traders get no problem in starting with it.
- Affordable fees
While choosing a trading platform or exchange, fees are such a factor that plays an essential role. If we talk about Paxful, it offers several peculiarities in case of fees. First of all, bitcoin buyers do not pay any fees to buy bitcoin. Instead, sellers are charged by the fees. Paxful authorizes the seller only 1% of the total transactions.
- Payment Methods
Bitcoin is a digital currency used mainly by every country. So Paxful offers you more than 300 options in payment to buy bitcoin. You can choose according to your desires and feasibility. These options of payment methods include
- E-wallet balance
- Credit, debit, or gifts cards
- And many more.
When it comes to buying cryptocurrency, such exchanges play an essential role. Paxful is one of the leading exchange platforms. All the reasons discussed above show its credibility. So, it is wise to choose Paxful for purchasing cryptocurrency.