Looking to make a purchase with bitcoin but don’t know where to begin? If you’re like most newbies, you’re probably feeling a little bit uncertain about how to go about it. Buying bitcoin can be a tricky proposition, to say the least.
That’s why we’ve compiled this list of five good reasons why you should be using Paxful for your next bitcoin purchase. Read on to learn more about the Paxful bitcoin exchange and your options as a buyer.
If you’re still on the fence, this article should help you make up your mind. Without further ado, let’s get started!
Paxful Offers a Wide Range of Payment Methods
Paxful offers payment methods for both buyers and sellers. If you’re buying bitcoin and don’t already have any of the listed payment options, then you might have some trouble going forward.
That said, if you’re selling, you’ll find just about everything you need. Paxful allows you to list your bitcoin for sale using just about any payment method you could think of.
MoneyGram, Western Union, and even gift cards are all available for immediate shipment. If you need to sell bitcoin but don’t want to deal with wrenches and shovels just yet, then this is one of your only options.
Paxful is one of the Most Reliable Exchanges
At the time of writing, Paxful is one of the most reliable exchanges based on the volume of trade tracked by CoinMarketCap.com. It’s also one of the few exchanges that doesn’t charge any fees for buying or selling bitcoin.
In fact, Paxful only profits by charging a small fee for each trade that goes through their system. This fee is only charged when the trade goes through, not when you buy bitcoin or sell it.
As such, you can feel confident that Paxful is there to help you buy or sell bitcoin when you need it. That said, if you do decide to buy some bitcoin, we recommend doing so quickly.
Buy Bitcoin with PayPal
If you have a PayPal account, you can use it to buy bitcoin. PayPal is a proven payment method and can be used for just about everything online.
To use PayPal to buy bitcoin, you’ll need to open a funding source in your PayPal account. Then, you can use that funding source to buy bitcoin whenever you want.
While this method isn’t the quickest way to buy bitcoin, it’s also not too complicated. You can use the funds in your PayPal account to buy bitcoin as soon as you have it in your possession.
Buy Bitcoin with Cash App
If you have a debit card connected to your account, you can buy bitcoin through the Cash app. This is a quick and easy method that doesn’t require you to connect your bank account or open a funding source in any way.
To buy bitcoin with this method, you’ll need your debit card connected to your checking account. From there, you can use the funds in your checking account to buy bitcoin.
Buy Bitcoin with Survey Rewards
If you’re a frequent survey taker, you can use that to buy bitcoin. The idea here is that you get paid in survey rewards and then use those rewards to buy bitcoin.
Similar to the survey method, you’ll want to connect your bank account toourseer and then use the funds in that account to buy bitcoin.
Again, this isn’t the quickest or most straightforward way to buy bitcoin, but it is one of the most reliable.
Buy Bitcoin with Your Gambling Revenue
If you’re a frequent gambler and want to get in on the bitcoin craze, you can use your gambling winnings to buy some.
The easiest way to do this is to open a gambling wallet like Blockchain or MyBTC. Then, use that wallet to buy bitcoin whenever you win some money.
From there, you can either keep your bitcoins in that wallet or move them to your regular cryptocurrency wallet.
Again, this method isn’t the quickest way to buy bitcoin, but it is one of the most straightforward.
Final Words: Should You Use Paxful for Your Next Bitcoin Purchase?
Paxful is a great option for those looking to buy bitcoin. However, we recommend only using this exchange for smaller purchases.
Most notably, Paxful only allows you to buy and sell up to $5,000 worth of bitcoin each month. If you’re looking to buy a larger amount, you’ll want to look elsewhere.
That said, for those looking to make a smaller purchase, Paxful is a great choice.
If you’re still on the fence, take a look at our article on the best bitcoin wallets. From there, you can decide which exchange you want to go with.