Selling Cryptocurrency with Cash Payments

Modified on Mon, 29 Apr 2024 at 11:30 PM

There are a variety of cash payments that you can use to sell cryptocurrency on Paxful. This article gives you an overview of selling cryptocurrency using any of the supported cash payments. 

Before trading

Before selling 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 selling cryptocurrency with cash is to look for an offer that accepts cash as payment. You’ll also need to enter the amount you wish to sell 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 buyer requires from you regarding the payment.  

After reading through the offer terms and confirming that you agree with the conditions, 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, buyers should promise to provide a teller receipt. If, at any point during the trade, you feel confused about the instructions, feel free to send a message to the buyer via trade chat. They should be able to help you with any questions that you may have.

Creating an offer

To sell 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 which proof of payment you require and how much time you need to confirm the payment.

After creating and publishing your personalized offer, wait for a buyer 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.

Note: Paxful charges a 1% fee for selling cryptocurrency with cash payments. There's no fee applicable for buying cryptocurrency. 

Completing a trade

The payment process itself is usually quite simple. In any case, always make sure you have provided the correct details to the buyer and collected all possible proof of receiving or not receiving the payment. 

The last step for you is to release cryptocurrency from the trade escrow. Click the Release button only if you are absolutely sure about receiving the payment.

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 is some more information on how to sell 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.