You have to consider the country of availability, payment methods most suited to you, price overview on each platform and finally the user you feel comfortable to sell to or buy from. Sellers and Buyers are filtered based on their IP. You are only shown Sellers and Buyers from your geo-region. When choosing a seller, follow these rules.
If the seller meets the above criteria, send a message to him requesting a trade, do not provide any other information about yourself until you receive a reply. Once you receive a reply and feel comfortable buying from the seller, make payment using the details provided by the seller.
You can go ahead to trade on any of the sites, all you have to do is follow the guide above and trade safely whether you are a newbie or veteran in the crypto-verse. Finally, if you enjoyed reading this post, help us share on your social media by clicking on the icons below to let others in on this.
Just a reminder that Paxful works the same way eBay and Craigslist. Make reading a habit folks. I am going for Paxful on this. I switched to Paxful after experiencing horrible customer support. I trade that is, buy and sell bitcoins from liviacoins My last trade with LiviaCoins was completed in 30 minutes.
This site uses Akismet to reduce spam. Learn how your comment data is processed. Friend's Email Address. Your Name. Your Email Address. Supported Countries: Local Bitcoins. Supported Countries: All. Tweet Pin LinkedIn Email. About Latest Posts. Link up. Kyrian Chidiebere. I'm a Fish Farmer and Crypto Enthusiast, it always feels right for me to share my light.
Remember Me. Since then, there have been hundreds of different cryptocurrencies, and platforms all dedicated to the world of virtual currencies. With cryptocurrencies on the rise, there have been further advancements to simplifying the path to entering into the world of cryptocurrencies. Jumping into the buying and trading cryptocurrencies is becoming easier and simpler by the day with the growth and rise of exchanges. A variety of exchanges have popped up over the years that serve a variety of customers in different ways, addressing needs in an unique manner.
A cryptocurrency exchange is a platform typically held online, where you can exchange one type of cryptocurrency, for a different cryptocurrency. Or you can choose to exchange fiat money currency backed and controlled by the respective government like U. Dollars, or British Pounds for cryptocurrencies like Bitcoin and Ethereum. These are usually always set to a market price, and usually with some type of small premium.
Some examples of brokerage like websites for cryptocurrencies are Coinbase and Shapeshift. Or, you can find a direct trading platform. However, both of these types can pose some problems. Another big problem that can come up is a limited amount of accepted payment methods. Paxful is another type of peer-to-peer marketplace for buying and selling Bitcoin.
One really great thing about Paxful, is that there are over accepted payment methods for their platform. Some of these accepted payment methods are :. These are only a tiny amount of all of their accepted methods. At its simplest, Paxful works like this. Paxful is unique because it provides a variety of methods for people to transact, allowing for more people to get involved and have larger choices to exchange Bitcoin.
If you find yourself primarily dealing with Bitcoin, you will find that Paxful might be highly relevant because of its variety of options for transaction purposes. These variety of options allow for either privacy, speed or more choices. What we mean by more choices is that, depending on the payment method that you choose there might be more or less offers of sellers of Bitcoin. After choosing the amount of Bitcoin that you want to purchase, you will quickly choose which fiat currency you want to purchase it with, this can be Euros, Dollars, or others.
In some cases, a buyer may not mark the transaction complete, and will not pay, causing the seller to not only lose money they were owed but also their bitcoins as well. By charging higher prices, they have a bit more of a safety cushion in case a transaction goes bad. Now, after searching around for a seller that you feel is offering the best price, and seems trustworthy enough, you can look into their terms about trading and transactions. A few things that you want to watch for range from the duration period and other aspects respective to the seller such as how long you may need to wait, or special instructions, etc.
An escrow is a service that stores your funds into a safe deposit account. This keeps the money under the control of an independent third party to protect the buyer, and seller of the transaction by making sure the money is safe until all of the requirements for the transactions have been met.
However, not all systems are perfect, which is why some sellers and buyers can run into problems leading to higher prices from sellers. So how do you get started with selling bitcoins through Paxful?
If the seller meets the above criteria, send a message to him requesting a trade, do not provide any other information about yourself until you receive a reply. Once you receive a reply and feel comfortable buying from the seller, make payment using the details provided by the seller. You can go ahead to trade on any of the sites, all you have to do is follow the guide above and trade safely whether you are a newbie or veteran in the crypto-verse. Finally, if you enjoyed reading this post, help us share on your social media by clicking on the icons below to let others in on this.
Just a reminder that Paxful works the same way eBay and Craigslist. Make reading a habit folks. I am going for Paxful on this. I switched to Paxful after experiencing horrible customer support. I trade that is, buy and sell bitcoins from liviacoins My last trade with LiviaCoins was completed in 30 minutes. This site uses Akismet to reduce spam. Learn how your comment data is processed.
Friend's Email Address. Your Name. Your Email Address. Supported Countries: Local Bitcoins. Supported Countries: All. Tweet Pin LinkedIn Email. About Latest Posts. Link up. Kyrian Chidiebere. I'm a Fish Farmer and Crypto Enthusiast, it always feels right for me to share my light.
Latest posts by Kyrian Chidiebere see all. I have not heard of Liviacoins. I will check it out though. I trade that is, buy and sell bitcoins from liviacoins My last trade with LiviaCoins was completed in 30 minutes Reply. Which one does better than the other?
We are here to find out who will win the Paxful Vs LocalBitcoins battle. The recent quashing of a Banking Ban by the Supreme Court has provided a new lease of life to the crypto community of India. Both LocalBitcoins and Paxful have a large base in the country, with the latter wooing traders with lucrative offers often.
But which one of the two is a better platform to trade on. We will be the judge of that. Finland based LocalBitcoins carry a bit of grays in the industry by being here since while Paxful started in Nevertheless the latter is catching up.
A quick look on the data aggregated by Coin. Winner: LocalBitcoins. Ordinarily, the colour of the portal should not matter. It is the ease of use that makes the customer come back. On the other hand Paxful comes with a plethora of information on the homepage and two inputs boxes — How much amount you want to spend and how much Bitcoin do you want to receive. User can pick an ad and simply interact with it.
Paxful on the other hand shows no ads, which means the user has to enter the amount to proceed further. Paxful looks full of features while LocalBitcoins looks very But on the first go Localbitcoins definitely sells you what it offers while there is a bit of navigation and looking around needed on Paxful. Gone are the days when exchanges allowed traders to openly trade without having to provide any identification. This is true for both Paxful and LocalBitcoins. But there is a slight advantage for Paxful over LocalBitcoins.
On both exchanges, users can set conditions as to what kind of users they want to trade with — verified or unverified. Users in some jurisdictions or with certain activities may be required to provide verification sooner on Paxful and LBC both. Both Paxful and LocalBitcoins offer escrow service for trading.
That mitigates the risk of scams and frauds. Some users are smart enough to take advantage of naive and gullible users, hence it is imperative that users take care on who they are trading with. Both platforms allow users to rate peers they trade with. Thereby, it creates a reputation network for the users. It is advisable to trade with users who have better ratings over the ones with less or no ratings. In case of issues, both exchanges have dispute resolution teams that take over a trade and after conversation with both buyers, sellers and verifying the proofs, decide who earns the bitcoins held in escrow.
Additionally there is bank deposits, ATM deposits, also available on both. Cash-in-person, though, is only offered by Paxful. Although Paxful has over Payment methods which gives it a huge edge over LocalBitcoins, for India, the only method widely used apart from the ones mentioned above is Skrill. However, if you want to and can find a buyer or seller, any of the methods can be used to create an offer.
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Compared to the less than payment methods of LocalBitcoins, Paxful seems to have taken a massive edge on this one. One other thing to notice is both exchanges offer buying and selling bitcoins for Altcoins. We will talk about it below. A bit of warning, trading with gift cards is a known technique used by scammers who utilize the gift card balance and do not return the BTC. Be careful and avoid gift cards or only trade with trusted users.
Paxful even wrote a guide on how to be safe. Both exchanges offer altcoin trading in a non-traditional way. User can choose an altcoin as a payment method to transact with the other peer. Paxful wins this round with ease. Paxful also has strategically placed banners for Binance under a partnership with the latter, so a user may directly trade on the largest crypto-to-crypto exchange.
Takers do not pay any fees. Paxful charges 0. There are no fees for Buyers. However, the withdrawal fee or the fee to send BTC to external wallets is 0. Winner: Paxful wins in trading fees. LocalBitcoins wins in Sending Bitcoin fees. As a buyer, buying BTC on Paxful is free. One of the best parts about any exchange is the affiliate program. As an influencer, media portal, some of the earnings for the platform depend on affiliate marketing.
However, Paxful only offers commission for Buy transactions, given that they only charge fees to sellers. While there are several options in India to buy and sell Bitcoins, truly Peer to peer exchanges are very few. Both LocalBitcoins and Paxful have a significant market share but it the latter seems to be pulling more volumes week over week. Paxful has significantly better features while LocalBitcoins seem to have a loyal customer base.
All in all, Paxful is definitely worth a try and wins on many levels over the incumbent. Disclaimer: Coin Crunch works with various platforms in different partnerships, some of them may have been mentioned on the post. This post is completely unbiased, our partners have no influence over the editorial of coincrunch. For more details, click here. Published in Peer to Peer Exchanges. More posts from Coin Crunch Desk. Published in Peer to Peer Exchanges Local Bitcoins paxful paxful vs local bitcoins peer to peer exchange.
What about Dispute? We find out! Send this to a friend. Both sites have 2-factor authentication systems in place, Paxful gives an option to use Google Authenticator and Authy. Localbitcoins, however, offers a login guard feature that will allow you to limit your logins to just one browser, OS, and IP. In this regard LocalBitcoins is more favorable — simply because there are more offers and a competitive environment. As a result there are more offers and some sellers ask for lower prices in order to sell faster.
Paxful has no KYC implemented, the platform will not require any documents from you, however separate sellers may require some sort of proof — IDs, pictures of your gift cards and receipts from their purchases and so on. Make sure you follow safety rules and do not send anyone pictures of your documents or credit cards. Read more in our Paxful review. If you do not care about ID verification as part of KYC procedures then we recommend selecting Localbitcoins , because you will enjoy better prices and offer selection there.
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Leave A Reply Cancel Reply. Save my name, email, and website in this browser for the next time I comment. Home Reviews Localbitcoins vs Paxful — a comparative review. By Staff Last updated Sep 27, 6, 0. Sign up to Localbitcoins If you insist on making anonymous Bitcoin purchases then select Paxful out of these two.
|Drake betting||You can go ahead to trade on any of the sites, all you have to do is follow the guide above and trade safely whether you are a newbie or veteran in the crypto-verse. Which One Is Cheaper? Additionally there is bank deposits, ATM deposits, also available on both. Both Paxful and LocalBitcoins offer escrow service for trading. A password will be e-mailed to you.|
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