What is Paxful?
Paxful is a peer-to-peer Bitcoin marketplace and money translator.
It is a platform that allows anybody with an account to buy and sell Bitcoin (BTC) globally.
However, it’s not like a traditional Bitcoin exchange in which you buy from an orderbook.
With Paxful, people buy Bitcoin directly from peers looking to sell, and Paxful acts as a mediator between the buyer and seller.
Launched in 2015 by co-founders, CEO Ray Youssef, and COO, Artur Schaback, Paxful employs over 280 people in its headquarters in New York City, and established offices in Johannesburg, Estonia, Hong Kong, and Manila.
Paxful’s mission is ‘social justice through financial freedom worldwide,’ and its platform offers over 300 financial networks, empowering both merchants and buyers alike.
Paxful claims to have created opportunities for millions of people who are disconnected from the legacy banking system.
The platform has millions of users worldwide, and the marketplace offers more accepted currencies of any other Bitcoin market.
Paxful is open for trading in pretty much every country, and traders on the platform can pay by cash (if they live locally and can meet the seller), by bank transfer, wire transfers, credit and debit cards.
As well as paying with money, you can even buy Bitcoin with gift cards, air miles, or whatever the seller is willing to accept.
As long as you both come to an agreement, you can pay for Bitcoin with whatever they are willing to accept. Read More