How To set up a Paxful account, follow these steps:
Go to the Paxful website (paxful.com) and click on the “Sign up” button.
Enter your email address and create a strong password. Agree to the terms of service and click “Create Account.”
You will receive a confirmation email in your inbox. Click on the link in the email to verify your account.
Once your account is verified, you can start using Paxful. However, to use all the features, you will need to complete the KYC (Know Your Customer) verification process. Click on the “Verify now” button to get started.
Fill in your personal details, including your name, date of birth, and address. You will also need to upload a government-issued ID and a selfie of yourself holding the ID.
Once your verification is complete, you can start buying and selling Bitcoin on Paxful.
Note: It is important to keep your account secure by enabling two-factor authentication and not sharing your login credentials with anyone.
How much does it cost to start Paxful?
It is free to sign up for a Paxful account and there are no registration or monthly fees. However, Paxful charges fees for certain actions on their platform, such as buying or selling cryptocurrency.
The fees charged by Paxful vary depending on the payment method, the amount of the transaction, and other factors. For example, the fee for buying Bitcoin with a credit card can be up to 5%, while the fee for buying Bitcoin with a bank transfer can be as low as 0.1%.
Additionally, Paxful charges a wallet transfer fee for moving cryptocurrency from one Paxful wallet to another. This fee varies based on the cryptocurrency being transferred and the current network fees.
It’s important to note that Paxful also has minimum transaction requirements for certain payment methods. You can see the fees and transaction requirements for each payment method on the Paxful website.