Reviewing cryptocurrency marketplaces is not an easy task as there are so many things involved that at times it gets pretty overwhelming. However, this is not the case when we deal with the popular cryptocurrency online marketplaces like Paxful. Ray Youssef and Artur Schabak founded the company in the year 2014. Paxful is headquartered in Wilmington, Delaware, United States of America. Paxful is a Bitcoin exchange and also a peer-to-peer marketplace that facilitates buying and selling of Bitcoin online like SimpleFX and VirWox. Since, it’s a peer to peer based marketplace, so the exchange rates tend to fluctuate depending on the deal struck between the seller and the buyer.
Every user needs to create a free account in order to start buying or selling Bitcoins, besides getting access to their e-wallet. Buying Bitcoins is really easy on Paxful as all one needs to do is enter the value of money they would like to invest in buying Bitcoins. You’re also free to choose any payment method of your convenience and then decide on the seller. After initiating a live chat with the sellers, you can decide on buying from them.
Just because Paxful is a peer to peer marketplace, all the transactions depend on the terms set by the seller. Additionally, Paxful has set the transfer limit to at least $10; however, you still need to go through the maximum well as the minimum amount set by each seller before proceeding with the exchange. Paxful doesn’t charge anything from the buyers; however, the sellers have to pay a transaction fee of 1% to Paxful. The company supports all type of transactions and all the transfers are quickly delivered to the user’s e-wallet.
Apart from cash deposits, you can buy Bitcoins on Paxful by several other payment methods like bank transfers, credit or debit cards, balance in the e-wallet, Western Union, Moneygram, Paypal, and Gift Cards.
- Extremely user-friendly and makes it easier for both the seller as well as the buyer to carry out quick exchanges
- Multiple payment methods are supported so there is no issue with the transactions
- Transfer deliveries are super-quick and at times instant transfers also take place
- Buyers don’t pay any fees, while the sellers only pay a small fee of 1% for every transaction
- Exchange rates fluctuate and it depends on the sellers who set the rates according to their convenience
- Scams galore so it’s important that buyers verify the credentials of every seller before going ahead with transactions
Paxful Affiliate Program
The rising popularity of Bitcoin trading has opened up new avenues for the affiliate marketers as they can tap on the huge potential and earn good commissions. The affiliate partners can get 2% of the total sale amount as commission for every referral sale. Besides this, every affiliate partner has the opportunity to keep earning commission for one year on every referral sale. Paxful processes affiliate payouts immediately, which is quite a unique way of rewarding the affiliate partners.
Commissions Rate: 2% of the total amount for every referral sale
Payout Frequency: Immediate
Minimum Eligibility for Payout: No Information
Referral Reports: Partial.
Paxful is one of the easiest option available to buyers as well as sellers of Bitcoin to make quick profits.
Paxful Affiliate Review
As a US based company Paxful is hands down one of the easiest to work with. They have a very user friendly interface and accept a wide range of purchasing methods.