Peer-to-peer (P2P) crypto trading has become common as more retail traders enter the crypto space.
Paxful is one of the top platforms where P2P crypto trading is done.
Are you looking for a place to buy or sell crypto without using an exchange?
Paxful may be what you are looking for, so read on to learn more about it.
What Is Paxful?
We cannot talk aboutP2P crypto tradingwithout mentioningPaxfulbecause it is one of the leading marketplaces in the space.
It is a decentralized platform, meaning there is no central control, as with a centralized exchange.
However, it isn’t the same as adecentralized exchange.
Paxful users mainly trade cryptocurrencies for fiat currencies or vice versa.
Trading takes place directly between seller and buyer, without any third-party participation.
This makes it a preferred destination for trading cryptocurrencies with more flexibility.
How Does Paxful Work?
Paxful users must register and get verified to use the marketplace.
With this information, you could search for available offers and pick the seller you wish to buy from.
Which Countries Does Paxful Support?
Paxful is supported in most countries of the world.
Is Paxful Secure?
However, Paxful is more secure than you may think.
As the marketplace is online, hackers can attack it and steal funds if stored in your online wallet.
What Are Paxful’s Fees?
The following are the pros and cons of using Paxful for P2P crypto trading.
Pros
Cons
Should You Use Paxful?
Paxful offers a platform for P2P trade with payment options that are not available on centralized platforms.
