Paxful Cryptocurrency Exchange Review

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Paxful History

The cryptocurrency platform Paxful was founded in 2015 by Arthur Shabak and Ray Youssef. Today, Paxful employs over 200 people in four offices around the world – New York, Hong Kong, Tallinn and Manila.

Paxful’s mission is to provide people with a simple and secure platform to buy and sell Bitcoin.

The company is registered under U.S. (Delaware) law as a money transfer operator with the U.S. Treasury Department’s Financial Crimes Enforcement Network.

The platform supports its own mobile wallet (Paxful Wallet), which is available on iOS and Android and allows you to send, receive and store Bitcoins easily, as well as track open transactions on Paxful.

Commissions on Paxful

Paxful charges a flat fee to the seller and no fee to the buyer. The amount of commission depends on the payment method when selling Bitcoins.

Is it safe to trade on Paxful?

  • Comodo system protects data by 256-bit SSL encryption;
  • purchase or sale of cryptocurrency through escrow account guarantees transparent transactions and minimizes risk of fraud;
  • two-factor authentication – protecting assets with complex passwords and 2FA;
  • each user is assigned a rating, so traders can choose the most reliable counterpartyall disputes between traders are solved by moderators

Security on Poloniex

Pros
  • user-friendly site interface, navigation and sorting tokensnwide range of functions – the ability to trade, issue loans and take out loansnwide range of liquid investment instruments – more than 140 currency pairs, large trading volumenlow transaction and input/withdrawal fees
Cons
  • does not support fiat currenciesnfrequent Pump and Dumpnweak support
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