Paxful was established in 2015 by a team of experienced developers whose goal was to provide a simple and secure exchange platform for anyone to buy and sell Bitcoin. The company’s platform connects crypto enthusiasts by acting as a mediator between buyers and sellers of Bitcoin.
Paxful allows users to buy and sell Bitcoin through a peer to peer system. Buyers are not charged a fee by the platform however, they may be charged a fee from the seller depending on the payment method. Sellers are charged a 1% platform fee and mining fees.
The US-based peer-to-peer digital currency exchange accepts clients from all over the world. New York-based clients are not accepted on the platform because Paxful does not yet have BitLicense, which is now required in order to operate in the State of New York. Paxful’s headquarters is at 3422 Old Capitol Trail, PMB #989, Wilmington, DE 19808, United States.
Clients on the platform can buy and sell cryptocurrency using a wide range of payment methods such as PayPal, bank transfer, Skrill, Debit/Credit card, Neteller, Amazon gift cards, iTunes gift cards, as well as Steam gift cards, among others.
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