Paxful Review 2023: We Tried It So You Don’t Have To

Paxful is a peer-to-peer exchange platform established in 2015 by a team of developers whose goal was to simplify access to Bitcoin. The platform provides a direct exchange where buyers and sellers of cryptocurrencies can meet and transact with each other directly.

The buyer deposits cash through Paxful’s payment methods such as prepaid VISA, Gift Card Code, or Western Union to the seller’s account. Once the seller confirms receipt of funds from Paxful’s escrow service, they release Bitcoins to the buyer directly. Sellers can accept over 300 different payment methods, not to mention a capacity to accept over 85% of international buyers.

The platform is available globally, and the minimum purchase amount in Paxful is only $10. Another advantage of Paxful over centralized exchanges is that users do not need to create a username or password to access the marketplace – they only need their email address.

If you reside in any country where centralized cryptocurrency exchange platforms are banned or unreachable for some reason, Paxful is one of the best solutions, as you can use it from any location where there is internet access.

While Paxful is a well-known crypto exchange, it does not match the popularity of Kraken or Gemini. We have more information available on Kraken on our review page. For more information on the latter, check out our Gemini review page.