How to Buy and Sell Cryptocurrency on Paxful Using Online Wallets (PayPal, Skrill, etc.)
Getting Started
Before you begin trading, make sure your online wallet (e.g., PayPal or Skrill) has enough funds and that your transaction won't be blocked by daily limits or geographical restrictions.
Buying Cryptocurrency
Finding an Offer
To purchase cryptocurrency using an online wallet, start by searching for offers that support your preferred payment method. Enter the amount you want to buy and select your desired currency.
When you find a suitable offer, read through the offer terms carefully before opening a trade. These terms summarize what the seller expects during the payment process.
Once the trade is open, you’ll see detailed trade instructions. These vary depending on the payment method. For instance, wallets like PayPal, Skrill, or Neteller may require ID verification.
Creating Your Offer
You also have the option to create a custom offer to buy cryptocurrency.
Here are some helpful tips:
Set a margin that suits your profit expectations, as price negotiations aren’t allowed during the trade.
Clearly state your offer terms and payment instructions.
Specify who will cover any transaction fees.
After publishing your offer, wait for a seller to initiate a trade. You’ll get a notification once this happens. You can then communicate with the seller and send payment to the provided account.
Finalizing the Trade
After you’ve sent the payment and uploaded proof, click the Paid button. This step is essential—if you don’t confirm the payment, the trade may expire, and the cryptocurrency will be returned to the seller.
The seller must then confirm they’ve received your payment. This might take a little time, so please be patient. Once confirmed, the seller will release the cryptocurrency to complete the transaction.
After-Trade Steps
Once the trade is complete, consider leaving feedback for your trading partner. If you had a good experience, you can also add them to your trusted users list for future trades.
More Tips
For additional guidance on buying cryptocurrency on Paxful, check out our full list of trading tips and best practices.
For any trade issue, please file a dispute. Check out this article for the steps: How Do I Start a Dispute 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.