Buying Cryptocurrency with Cash Payments

Modified on Thu, 27 Jul 2023 at 01:33 PM

There are a variety of cash payments that you can use to buy or sell cryptocurrency on Paxful. Here's what you need to know:

Before trading

Before buying cryptocurrency with cash payments, here are a few things to consider:

  • In the case of some disputes, it is very difficult for Paxful to provide assistance; be ready to file a Police report in such cases.


Searching for an offer

The first step to buying cryptocurrency with cash is to look for an offer that accepts cash as paymentYou’ll also need to enter the amount you wish to purchase and your preferred currency

When you find the offer that suits you, be sure to read the offer terms before starting the trade. This will give you a brief summary of what the seller requires from you regarding the payment. 

After reading through the offer terms and confirming that you can comply with all the requirements, it’s time to start the trade. Once the trade has begun, a more specific set of instructions should appear for the meetup. Usually, for cash trades, sellers will require a teller receipt from you. If, at any point during the trade, you feel confused about the instructions, feel free to send a message to the seller via trade chat. They should be able to help you with any questions that you may have.

Creating an offer

To buy cryptocurrency with a cash payment, you can also create your own offer. Here are some things to consider:

  • Set a margin you find profitable, as no negotiations during the trade are allowed.
  • Write down clear offer terms and instructions.
  • Make it clear how you provide proof of payment and how much time you need to conduct the payment.

After creating and publishing your personalized offer, wait for a seller to start a trade with you. Once a trade has started, you will receive a notification. Feel free to discuss all the necessary details with your trade partner and make the payment.

Completing a trade

The payment process itself is usually quite simple. In any case, always make sure you have the correct details of the recipient and all possible proof of making the payment, and remember to click the Paid button in the trade chat.

Once the seller has released BTC into your wallet, the trade is complete.

After a trade

Once the trade is completed, you can leave appropriate feedback for your trade partner. Also, if you like trading with the user, you can add them to your trusted list.

Here are some more tips on how to buy cryptocurrency on Paxful.

If you need any assistance from our Support team, do not hesitate to contact us. Check out this article on How to Contact Support.