Paxful is a very popular cryptocurrency exchange which is a Peer to Peer Bitcoin marketplace which connects buyers with sellers. Paxful gives its customers with a simple, fair and secure platform for trading the value of their work. The company was founded 6 years ago in 2015 and now has 4.8 million users around the world, which is a significant number. Paxful is not regulated in any country. This allows the exchange to provide its services worldwide
Customers can buy and sell crypto’s using a number of payment methods available in South Africa namely:
FNB Ewallet
Bank Transfer
Cash Deposit
PayPal
Perfect Money
Amazon Gift Card
When it comes to the number of cryptocurrencies available on the Paxful platform, the company still lags behind if we compare it to the likes of Coinbase and Binance. There is a total of three cryptocurrencies on the Paxful platform namely;
Bitcoin (BTC) (see the latest Bitcoin to ZAR price)
Tether (USDT)
Ethereum (ETH) (see the latest ETH to Rand Price)
Paxful is a simple and straightforward cryptocurrency company, just to give a brief background on how to use this platform. When you want to trade on Paxful, you need to visit the website and click the Buy Bitcoin button. A message box will ask for the Bitcoin quantity and the type of fiat currency to be traded. The site will also display the amount of Bitcoin in terms of the chosen fiat currency.
Paxful has a great platform which is user-friendly and allows users, be it experienced or novice users to easily trade on the platform. Paxful also have an App which is available on Android or IOS so users can trade on the go.
How to register with Paxful South Africa
You have to be a registered Paxful client in order for you to be able to make use of this platform, to register, you must:
Visit the official website at https://paxful.com/
Click on the blue ‘Register’ button.
Fill in the provided registration form with your Phone Number and Password.
Click on the ‘Create Account’ button.
You will receive a verification code on your phone which you will then use to verify your account.
How to buy and sell Cryptocurrency with Paxful South Africa
Making a deposit or withdrawal with Paxful is extremely easy and the good thing is that Paxful does not charge a deposit fee. As earlier stated, Paxful customers can make deposits using FNB Ewallet, Bank Transfer, Cash Deposit, PayPal, Perfect Money, and Amazon Gift Cards.
Buying Cryptocurrency and how to buy bitcoin in South Africa
In order for you to buy cryptocurrency, you must follow the simple steps below:
Visit the Paxful official website at https://paxful.com/ and login
Click on the ‘Buy’ link and select your preferred cryptocurrency from the available ones.
Select your payment method from the available ones
Click any currency and select your currency from the list
Select your country from the location list
Enter the amount you want to buy and trade
Click search for offers and select as desired
Confirm the transaction
Selling Cryptocurrency
Visit the Paxful official website at https://paxful.com/ and login
Click on the ‘Sell’ link and select your preferred cryptocurrency from the available ones.
Select your payment method from the available ones
Click any currency and select your currency from the list
Select your country from the location list
Enter the amount of cryptocurrency you would like to sell
Click search for offers and select as desired
Confirm the transaction
Which cryptocurrencies does Paxful SA offer?
Paxful does not offer a lot of cryptocurrencies at the moment but it only offers a total of three cryptocurrencies but at least the three offered are some of the best cryptocurrencies. The cryptocurrencies on this platform are;
Bitcoin (BTC)
Tether (USDT)
Ethereum (ETH)
The Paxful App
Paxful has a great wallet App which is available for iOS and Android versions . The mobile App has several features including:
Viewing real-time balance
Personalising your profile
Viewing the status of recent transactions
Accessing updated crypto to fiat conversion rates
Sending, receiving and storing crypto coins in your mobile wallet, anytime and anywhere