Paxful supports over 400 payment methods for buying and selling cryptocurrency. However, some of these options require extra vigilance. As a seller, understanding the specifics of each method is key to protecting your assets and ensuring a smooth trading experience on Paxful.
Cash Payments
Always confirm that the buyer deposits the cash in your name and request a receipt.
Ensure the person you're trading with is the one making the deposit—avoid third-party involvement.
Online Wallets (e.g., PayPal)
Verify that the buyer’s wallet account is confirmed (e.g., a verified PayPal account).
Request a valid photo ID and confirm that the name matches both their ID and wallet account.
Confirm the buyer owns the account being used—third-party payments pose risks.
For added security, ask the buyer to write a confirmation note (including trade ID and amount) and send a photo of it.
Specific tips for PayPal:
Request a selfie of the buyer holding their ID and a note stating: “I am making a payment of $X.XX to [your email] + [your name].”
Ensure the buyer has enough balance and pays from their account. Payments made by card reduce chargeback risk.
Stick to small transactions and limit new users to one trade per day or week.
Only accept payments from verified accounts to ensure a linked bank account is present.
Confirm that the payment is sent as a single transaction by the account owner.
Prefer payments marked as “Friends and Family” when possible.
Debit/Credit Cards
These carry similar chargeback risks as online wallets. Apply the same security measures listed above.
Gift Cards
To avoid deactivation, ask for a receipt and ensure the card was purchased with cash.
Be cautious of resold cards—third-party cards may be invalid during or after the trade.
Request a photo of the card with the buyer’s username and trade ID for verification.
Use extra caution with e-codes or cards bought via credit/debit cards, as they can be subject to chargebacks.
For more information, explore our guides on selling cryptocurrency and creating a sell offer.
If you need any assistance from our Support team, do not hesitate to contact us. Check out this article on How to Contact Support.