Paxful wallet

Author: s | 2025-04-24

An external Wallet is a wallet or address outside of the Paxful ecosystem. Internal Wallet is a wallet inside of the Paxful ecosystem (ie Paxful user to Paxful user). Network fees are

What is a Paxful Wallet?

Send in your payment, mark the trade as Paid and give your seller a few minutes to review your payment. Step 3: Receive your crypto and leave feedbackAs soon as your payment is verified, the seller will release the crypto from our secure escrow and the trade is complete. Congratulations, you’ve just purchased crypto using your favorite online wallet! All that’s left to do is leave feedback for your trade partner. Get started todayAs you can see, buying crypto on Paxful using an online wallet isn’t that hard. For more information on how Paxful works, you can check out our Help Center or contact us to learn all you need to know. Ready to go out and buy some more? We’ve got offers waiting for you. Get started with Bitcoin Buy Bitcoin on Paxful for as little as $10 and take advantage of competitive fiat to Bitcoin conversion rates and zero extra fees. Buy Bitcoin Today Photo from UnsplashOriginally Posted On: you might have heard the news – Paxful is packing up their bags and saying adios to their Bitcoin marketplace, barely a month after they removed ETH wallets from their platform.Earlier this week, the co-founder and CEO of Paxful, Ray Youseff, made the shocking announcement in a blog post.The blog article shared a couple of reasons that influenced the decision, such as crucial staff departures and some regulatory challenges. One more crypto exchange has fallen victim to the regulatory challenges in the US.But is that all there is to it? Maybe not. On Tuesday, the 4th of April 2023, Youseff attended a Twitter Space session where he dropped some tea. According to him, one of the reasons behind the shutdown of Paxful’s Bitcoin marketplace is a lawsuit. Who’s the culprit, you ask? None other than a co-founder of Paxful who got the boot over a year ago and decided to take legal action against the company and Youssef. Well, talk about drama in the crypto world!Although Youseff did not name or point fingers, he might have been talking about co-founder Artur Schaback who filed a lawsuit against him in the Delaware Chancery Court in January.During the Twitter Space session, Youseff said, “My co-founder sued the company and sued me. I have a lawsuit over my head right now.” That’s tough.As the drama continues, Paxful has urged users to withdraw their funds, adding that despite the impending closure, the Paxful wallet is operational for users to

Is My Paxful Wallet Secure?

Get the top cryptocurrencies from nearly anywhereBuy, sell, send, or receive Bitcoin (BTC), Tether (USDT), Ethereum (ETH), and USD Coin (USDC) directly to and from your free Paxful wallet.Why people-powered money wins- Support for all major payment methods. Users can buy and sell cryptocurrency using 450 payment methods, with or without a bank account, including via gift cards, debit and credit cards, bank transfers, and online wallets.- Support for +100 currencies across more than 140 countries- Users can buy Bitcoin, USDT, ETH, and USDC with no fees- Industry-lowest rates for crypto sellers. Only 1% fee on all payment methods, including gift cards- Direct peer-to-peer trades, with no banks or intermediaries, and full control over deal terms- Institutional-grade security and cryptocurrency custody at every part of the tradePopular features- Free and secure ERC-20 and Bitcoin wallet with institutional-grade custody for every Paxful user- Dedicated marketplace moderation & escrow to keep users safe and trades fair- Attentive 24/7 customer support with quick and simple dispute resolution- Professionally-run & compliant US-based business with a proven track record since 2018- Support for fast & cheap Lighting Network Bitcoin transactions- Direct Buy for instant cryptocurrency purchases right from your Paxful walletWhat can you do from the Paxful App- Send money instantly and affordably from nearly anywhere, to anyone- Hedge against local currency inflation- Buy and sell gift cards at competitive rates- Invest in BTC, ETH, and other top cryptocurrencies- Earn profits for providing marketplace liquidity as an arbitrager- Scale your business by accepting global payments* Due to licensing and/or regulatory considerations, Paxful is not available in certain countries and in certain US states. Please refer to this page for further information.* Due to licensing and/or regulatory considerations, Paxful is not available in certain countries and in certain US states. Please refer to our 'Unsupported Countries and States' page ( for further information.. An external Wallet is a wallet or address outside of the Paxful ecosystem. Internal Wallet is a wallet inside of the Paxful ecosystem (ie Paxful user to Paxful user). Network fees are An external Wallet is a wallet or address outside of the Paxful ecosystem. Internal Wallet is a wallet inside of the Paxful ecosystem (ie Paxful user to Paxful user). Network fees are

Buy Bitcoin with Online wallets - Paxful

(Statista)YearNumber of wallets (in million)20133.16 20144.4220154.8820165.78201734.82201841.89201948.32202059.98202168.42202284.022023*91.75*value estimated considering the historical linear regressionMost Popular Types of Crypto WalletsSeveral options have gained many users in recent years regarding popular crypto wallets. Popular types of crypto walletsBinance has 150 million registered users and $90 billion in trading volume from Chinese users alone in 2023. Coinbase had 98 million active users in 2023, which generated $3.1 billion in 2022, a 59.2% decline from 2021.Suppose we exclude centralized exchanges; companies such as Trust Wallet are used by over 60 million people globally. This multi-chain self-custody wallet allows the secure storage and management of thousands of crypto assets across 70 blockchains. Another popular software wallet, MetaMask, has over 30 million monthly active users and is connected to nearly all web3 dApps. Many investors enjoy the benefits of hardware wallets. For instance, Ledger Live maintains over 1.5 million active users. They can buy, sell, swap, stake, and lend digital assets on the platform. Source: Business of Apps, TrustWallet, MetaMask, LedgerU.S. Statistics on Crypto Wallet UsageThere are 4,128,338 crypto wallet users in the US as of Q3 2023. Trust Wallet holds the highest percentage of crypto wallet users, with 16.86% of the total market, which translates to 695,946 users. Following closely, Binance has a 16.40% share with 677,226 users. Coinbase Wallet is the third most popular choice, with 14.60% of the users, totaling 602,870. MetaMask has 9.31% of the market share, with a user count of 384,432.Binance.US and Blockchain.com also have significant shares at 8.80% and 5.56%, respectively, with 363,222 and 229,498 users. Moving down the list, Exodus, with a 4.45% share, has 183,817 users. LOBSTR Wallet, designed for buying Stellar XLM, has a 3.28% share with 135,435 users. (Statista)Other less convenient choices, such as Vibrant and BitPay, have less than 3% of the market share, with 118,000 (2.86%) and 104,032 (2.52%) users, respectively. At the bottom of this list, we find Bitcoin Wallet, Paxful, Robinhood Wallet, and SafePal, each having less than 2% of the market share, ranging from 78,161 to 56,574 users. Source: StatistaTrust wallet with the market’s highest penetration in the US.Table 3: The US Crypto Wallet Market as of Q2 2023 (Statista)Wallet nameNumber of active walletsPercentage of the totalTrust Wallet 695,946 16.86%Binance 677,226 16.40%Coinbase Wallet 602,870 14.60%MetaMask 384,432 9.31%Bitcoin & Crypto DeFi Wallet 366,489 8.88%Binance.US 363,222 8.80%Blockchain.com 229,498 5.56%Exodus 183,817 4.45%LOBSTR Wallet 135,435 3.28%Vibrant 118,000 2.86%BitPay 104,032 2.52%Bitcoin Wallet 78,161 1.89%Paxful 72,658 1.76%Robinhood Wallet There’s no denying it now: online wallets have changed the way people use their money. By allowing users to send and accept payments digitally, online wallets allow people to become part of the bigger mainstream economy. In doing so, anyone can now buy what they want with a few taps on their smartphone—including crypto. With popular online wallets being part of Paxful’s wide roster of payment options, you can buy crypto quickly and easily in a secure trading environment. How to buy crypto with an online wallet on PaxfulLooking to get into crypto without having to use a bank account? On Paxful, you can buy Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) with zero fees by following these three simple steps: Step 1: Create an account and find an offerTo get started, you’ll first need to create a Paxful account and receive your free digital wallet. Next, you’ll need to find an offer. Head to the home page, input your offer preferences (such as which crypto you want to buy, how much, and your preferred currency), select your preferred online wallet as your payment option, and click Find Offers. You’ll then see a list of offers that match your preferences. Make sure that you carefully analyze each offer so that you can get the best deal. Here are a few things to look out for:Price – On Paxful, sellers set their own profit percentages so that they can earn on each trade. Look at their prices and see how much you’ll be getting on the dollar. The closer the amount is to a full dollar, the better. Offer terms – This refers to how you’ll be paying the seller. For most online wallet options, sellers will usually require a receipt as proof of payment. Feedback score – The seller’s feedback score, indicated by the number beside the thumbs up icon, refers to their reliability. The higher the score, the more reliable the seller is. Seller availability – Before you start the trade, check on when the seller was last online. Selecting an offer with an inactive seller could lead to an expired trade. Step 2: TradeOnce you find an offer you like, click on the Buy button to start the trade. Quickly go over the details of the trade, input how much crypto you want to buy, and then click Buy now. As soon as the trade starts, the seller should send their payment instructions. Remember to follow these instructions carefully because if you don’t, it could be taken against you in the event of a dispute. If, at any point, you have questions about the trade, feel free to message your trade partner using the live chat. After you

Selling Cryptocurrency with Online Wallets - Paxful

Accessibility, among others. If you want a crypto wallet that’s less expensive—or free—and can be accessed instantly for money transfers, payment for online stores, bills, and others, then hot wallets accessible via the Internet may be suitable for you.On the other hand, if you want to have your private keys and crypto assets inside your indestructible vaults or keep it inside your wallet, you can explore the possibility of using cold wallets.Be sure to choose a wallet that suits your needs. Whichever bitcoin wallet you prefer to have, always be wary of the information you’ll provide to the wallet providers and protect your crypto wallet information by securing a backup and strong password or PIN. Also, make sure that only you have access to your crypto wallet and choose a reputable and reliable bitcoin wallet provider. Get started with Bitcoin Buy Bitcoin on Paxful for as little as $10 and take advantage of competitive fiat to Bitcoin conversion rates and zero extra fees. Buy Bitcoin Today

Buying Cryptocurrency with Online Wallets - Paxful

Are pricey for transfers, while coins like Litecoin or Bitcoin Cash generally have lower fees.Double-check before confirming: Always review the network fee before completing a transaction to ensure you’re good with the cost.Do I need to worry about taxes when using Venmo for crypto?Unfortunately, yes—crypto transactions can have tax implications. You might owe taxes on any gains if you sell, exchange, or receive crypto (including through features like “Cash Back to Crypto”). Track your transactions and report them properly when tax season rolls around!Buying crypto outside the Venmo appWhile Venmo lets you buy cryptocurrency directly in the app, you can also use it to purchase crypto through peer-to-peer crypto marketplaces like Paxful. Here’s how to do it step by step:1. Create a Paxful accountRegister with Paxful using your email and phone number. You can do this on the website or on the app (available on Google Play or iOS).To start trading, you must complete the KYC process, which includes verifying your identity with a government-issued ID—a standard security measure.2. Search for crypto offersOn the Paxful homepage, enter what crypto you want to buy (BTC, ETH, USDT, or USDC), how much you want to spend, and choose your preferred currency.Click “Find Offers” to browse sellers accepting Venmo.💡 Tip: Use “Verified offers” filters to find trusted sellers with strong ratings. Check the image below for how to access verified offers.3. Choose a sellerLook for sellers with:Competitive pricingA solid track record (lots of completed trades)High positive feedback💡The better the seller’s reputation, the smoother your transaction will likely be.4. Check the seller’s termsClick Buy on a seller’s offer to review their requirements.Some sellers may ask for a screenshot of your Venmo balance to confirm you’re the account owner—this helps prevent fraud.If the terms seem reasonable, move to the next step.5. Start the transactionEnter how much crypto you want to buy and hit Buy Now.A chat window will open, and you can use it to ask questions or clarify details. (Keep all communication within Paxful’s chat to protect yourself in case of a dispute.)6. Send the Venmo paymentThe seller will provide their Venmo details—double-check them before sending money.Once you send the payment, click Paid on Paxful and let the seller know in the chat.7. Receive your cryptoPaxful holds the cryptocurrency in escrow until the seller confirms your payment.Once confirmed, the crypto is released to your Paxful account.You can transfer it to your wallet or leave it in Paxful for future trades.What are the advantages of buying crypto with Venmo?Venmo makes getting into cryptocurrency easy—especially if you’re new. Here’s why it’s a great option for beginners:1. Easy-to-use interfaceVenmo’s design is simple and intuitive, so you don’t need to be a crypto expert to buy, hold, or sell digital currencies. The app walks you through the process with clear instructions and real-time updates, making it a stress-free experience.2. No extra setups neededAlready using Venmo to send and receive money? Great! Since your bank account or debit card is likely already linked, buying crypto is just an extension. An external Wallet is a wallet or address outside of the Paxful ecosystem. Internal Wallet is a wallet inside of the Paxful ecosystem (ie Paxful user to Paxful user). Network fees are

Buy Bitcoin with PayU Wallet - Paxful

If you’re just starting out with your crypto adventures, one of the main quests you’ll have to complete is finding a secure and reliable place where you can keep your bitcoin funds safe. There are many different types of cryptocurrency or bitcoin (BTC) wallets—which one should you pick? Well, let’s have a quick look at what these wallets are.What is a cryptocurrency wallet?Cryptocurrencies like bitcoin don’t have any physical form, unlike government-issued paper bills and coins that you keep inside your wallet or purse. Since they are digital currencies, they exist and operate through the means of technology and are stored in digital wallets, which are also called cryptocurrency wallets.A cryptocurrency wallet is an application or software where cryptocurrency holders can receive, store, and send bitcoin and other digital currencies that the wallet supports. It works like a bank account where you can keep track of your funds.Cryptocurrency wallets can be an application downloadable on your smartphones, websites accessible via the Internet, or physical devices that you can bring with you or keep in a secure place.What are the types of crypto wallets?Now that you know how a Bitcoin wallet works, you might be wondering how many options you have out there. There are different types of crypto wallets, but the hot wallet and cold wallet are what you should bear in mind. Let’s further explore the differences between these wallets and the advantages and disadvantages of using each.Hot walletsThis type of wallet is the most popular in the crypto space. Hot wallets are digital cryptocurrency wallets connected to the Internet and are available online or on your smartphone. One of the many reasons why they’re popular is because you can get them at lower prices, if not for free.Web walletsMany cryptocurrency marketplaces, like Paxful, offer a free bitcoin wallet