On Paxful you buy bitcoin directly from other people. It's a listing service like Craigslist or Backpage. Sellers list their ads to sell you bitcoin for a certain price and to get payment a certain way. Once you find deal you like you start a trade with the seller.
You'll be in a live chat with them and they will tell you how to pay them, then once you pay they release the bitcoins directly from escrow to your Paxful wallet. You can now spend them anywhere. Check our our guide here. It depends sell bitcoin with western unionpaxful the payment method and if the seller is online.
Paypal and gift cards are instant. Bank and CO-OP credit union cash deposits, Western Union, Moneygram take some time as you must leave your home to their branch and deposit cash. Usually they happen in under 1 hour. You buy direct from sellers here so once you start a trade, you are in a live chat, the seller is alerted via email and SMS and may come online right away or it could take them some sell bitcoin with western unionpaxful if they are asleep or half way around the world etc.
Once you're chatting it happens pretty fast. You can buy any fraction of bitcoin you want. The sellers also have limits. These are called trade ranges. For the same reason buying American dollars sell bitcoin with western unionpaxful British pounds isn't one to one. Buying and selling is not one to one because this is a free market where buyers sell bitcoin with western unionpaxful sellers set their own price and earn profit for their time and service.
Each vendor sets sell bitcoin with western unionpaxful own price. Look at the "You get" column, it shows you how much you get on the dollar, the more the better. Before your click Start Escrow now it tells you how much bitcoin you will get. The price of a single bitcoin is set by 5 different exchanges. This is the rate that most merchants will use when you try and spend bitcoin. Sell bitcoin with western unionpaxful on our marketplace each seller defines their own price which is usually slightly higher than the exchange price because of convenience and speed you are will receive your bitcoin.
If you want to know the current exchange price check http: Check this article for more information. The bitcoin in your Paxful wallet can be used anywhere bitcoin is accepted. You can send or spend any fraction of a bitcoin down to less than a penny.
You can use your Paxful wallet or send to a wallet on your phone. You can send bitcoin to any address or wallet. You can also install your own wallet on your computer or phone. We recommend AirBitz and Bread Wallet. Does Paxful sell bitcoins? Can I just link my bank account to you?
No, Paxful does not sell bitcoins. We are a listing and escrow service for sellers to trade on. They list their ads to buy or sell and you or others can deal with them directly. When you create an account on Paxful you already have a free wallet set up. When you buy bitcoin on Paxful the bitcoins go straight to your Paxful wallet and are waiting to be used anywhere. When you buy bitcoin it automatically goes to your Paxful wallet. We hold the bitcoins for you but you can send them to your own wallet on your sell bitcoin with western unionpaxful or computer anytime.
We recommend you install a separate sell bitcoin with western unionpaxful on your phone, send your bitcoins to it from Paxful and then use your phone wallet to spend all your bitcoin. This is more secure for you as you hold and control your own bitcoin.
First option is to create your own buy offer with your desired payment method and offer details. After it's done just wait for sellers to respond to your offer. Second option which is much easier is to browse available sell offers and select an offer you can't resist. Have a look at sellers offer terms, start a trade with him, do the payment within stated payment window and wait for seller to release bitcoins to you from Paxful escrow. You can see on seller's offer page how much time it takes sell bitcoin with western unionpaxful seller to release bitcoins to buyer after payment was done.
After bitcoins are released to you they will be immediately in your wallet and you are free to use them. During the trade both you and seller will be guided with simple process steps to easily finish a trade and receive your bitcoins. When starting a trade with a seller, you will see on his offer page whether he has all bitcoins available in his wallet. If he has then at the moment of starting a trade with him his bitcoins will go automatically to our secure escrow.
If a seller doesn't have enough bitcoins in his wallet you can still start a trade with him and wait for a seller to deposit bitcoins to his Paxful wallet. Deposit is completed when seller's transaction to his wallet reaches 3 confirmations in the network.
After that please wait for seller to fund the trade. For more information on h ow to make profitable sell offers check this article. First option is to respond to a buy offer.
Compared to responding to a sell offer as a buyer in case of responding to buy offer as a seller you can't start a trade if you don't have enough balance in your wallet.
You can start a trade only if sell bitcoin with western unionpaxful have enough bitcoins in your wallet and in a moment of trade your bitcoins will go to Paxful secure escrow. At this moment buyer must complete a payment to you within a payment window time frame.
Once buyer has done a payment, please verify it and release bitcoins to buyer. Second option is to list your sell offer and wait for buyers to respond to it. Your offer will be listed even if you don't have enough bitcoins in your Paxful wallet. But once somebody starts a trade with you, you will be notified via SMS and email and you can deposit bitcoins to your wallet and in 3 confirmations in the network sell bitcoin with western unionpaxful will be available in your wallet and you can manually fund trade escrow.
If you sell bitcoin with western unionpaxful enough bitcoins before a trade started then your bitcoins will be moved automatically to trade escrow. Once trade is funded buyer must complete a payment within payment window time. After buyer has completed a payment please verify it and release bitcoins to him. Trade is successfully completed! If buyer sell bitcoin with western unionpaxful marked payment completed within payment window time frame a trade will auto-cancel and your bitcoins will move back from escrow to your wallet.
During the trade both you and buyer will be guided with simple process steps to easily complete the trade. To start and complete a trade faster keep enough bitcoins in your wallet. It means once buyer has started a trade with you, your bitcoins will be automatically transferred to trade escrow and buyer can proceed right away with doing a payment to you and not to have to wait for you to deposit bitcoins to your wallet.
For more information on how to become a vendor check this article. Now I'm ready to go and respond to someones offer but how does the trade process work? When a trade starts seller bitcoins are transferred automatically to our secure escrow and at this point seller can't cancel the trade. Only a buyer can cancel a trade at any moment and bitcoins will be transferred from escrow back to sellers wallet.
If buyer hasn't done payment and not marked as payment completed within payment window time frame, a trade will be auto-cancelled and bitcoins moved back to sellers wallet. Oh and finally, what are the fees for buying or selling bitcoin? This covers the cost of running Paxful. We don't charge any fees for buyers. Each way you can buy bitcoin is called a "payment method". Click for a list of payment methods to buy bitcoin. This list is always growing as traders in our market are creating new payment methods all the time to give you more ways to buy bitcoin.
Our peer to peer market will allow you to buy bitcoin online, in person, instantly or for the very best price, even under market. We make it simple enough for the new buyers and powerful enough for the biggest traders.
When trade is started and not funded is it ever going to auto-cancel? In case somebody started a trade and it will never be funded nor cancelled by anybody, it will auto-cancel in about 2 weeks.
But if trade escrow is funded by the seller, buyer has to make a payment within payment window time frame, otherwise after payment window expires trade is auto-cancelled and seller receives back his bitcoins to his wallet. Currently minimum trade amount is 0. If price of bitcoin will change fold we will adjust required minimum trade amount accordingly.
To protect from dishonest feedback sell bitcoin with western unionpaxful require a trade minimum of 0.
If price of bitcoin will change fold we will adjust required trade amount for feedback. Sell bitcoin with western unionpaxful dispute can be started by either of the trade partners 3 hours after buyer has marked trade as payment completed.
After that website moderator will decide which party to award bitcoins in escrow based on proof of payment and the following of offer terms. If payment was marked as completed by buyer within 5 minutes after trade was started, a dispute can be started in 30 minutes. This helps sellers to get their bitcoins back to their wallet from so called coin-lockers and won't hinder sales any longer. It is as secure as your password, so use a good one.
Our servers are very well guarded up to the highest banking specifications. Please also beware of phishing websites.
Visa, Mastercard, Liqpay. Thanks to this any new crypto service that wants to use them or fork them to support Dash will be able to do so. Do you think that's what's driving btc price to insane levels.
Since transactions take 5-30 minutes to clear, your final amount may be different.