A free digital trading platform for crypto enthusiasts
Paxful is a free financial platform that enables you to easily buy and sell cryptocurrencies using various payment methods. This business web app allows you to safely trade with popular cryptos—most notably Bitcoin—and also purchase goods and services through the app.
As a trading platform and online wallet, Paxful offers the usual financial services for cryptocurrencies. With it, you can buy and sell directly to other users without having to stick to one payment method. It also supports various debit and credit cards—and even lets you trade in gift cards for currency.
Is Paxful secure?
Paxful is a global cryptocurrency trading platform that uses peer-to-peer means in order to ensure a fair trading experience for all. It allows buying and selling of Bitcoin (₿ or BTC), Tether (USDT), and Ethereum (Ξ or ETH), and supports different payment methods—from traditional bank transfers and digital wallets to even the unconventional Amazon gift cards. All trading transactions are also real-time with the platform’s live chat system.
For security measures, the platform uses an escrow feature, which automatically transfers a seller’s crypto to a temporary safe deposit account until the transaction is complete. This not only protects the seller’s cryptocurrency in case a buyer fails to complete their payment but also guarantees a fair trade for the buyer in case the seller doesn’t release the crypto to them for whatever reason.
To start trading, simply register for an account on its website. Afterward, you’ll get a lifetime-free Bitcoin wallet maintained by BitGo, a digital asset platform known for secure Bitcoin wallets. You can then start transactions and even purchase things like cars, video game items, and gold. While there are only a few supported cryptocurrencies available here, it’s still a great place for crypto beginners to start at.
Straightforward crypto trading
All in all, Paxful is an easy crypto platform for any digital currency enthusiast. It doesn’t have as many supported cryptocurrencies that you can buy or sell but it does allow for a wide range of payment options, as well as a feature to buy and trade in gift cards. Additionally, you only need to sign up on its official website to start using its services.