Hi everyone,
Im new in the cryptocurrency world and have been reading a lot and watching lots of videos.
I recently signed up for BitTrex and Im happy with their service but they only offer deposits in crypto and I had no coins when I signed up. I signed up for Kraken and Gatecoin. With Gatecoin I could make a dollars deposit to buy coins and in Kraken Im not Tier 2 approved yet, which is the Tier needed to deposit and withdraw fiat currency.
As a became more familiar with cryptos and their potential I started suffering from FOMO (fear of missing out) with some cryptos starting to move up ex: Antshares, Iconomi, Stratis etc . I needed to have some Bitcoins fast so I could buy some of those cryptos and start profting. I stumbled upon PAXFUL.
PAXFUL allows you to buy Bitcoin in all forms of payment I could think of ... PayPal, credit and debit cards, Gift Cards, Apple cards, Amazon gift cards, Alipay, and the list goes on and on. Bitcoin prices are a little different depending on what form of payment, currency , seller etc you choose. So keep that in mind.
I choose a currency, a form of payment and chose between sellers depending on how much they were charging extra for the coin and minimum purchase needed. Also taking they reputation points in consideration.
Say hello in the chat confirm, make sure the seller was online and ready for the transfer
3 You get the details needed for the transation like PayPal id etc
4 The coin quantity is kept on hold in a escrow system like in PalPal waiting for seller confirm payment and release of coins
5 You pay and seller releases the coin which goes to you PAXFUL wallet
6 From that wallet you send the coins to your exchange so you can buy whatever crypto you want or you can sell those Bitcoins to some other member of the site for a higher price
Tip : the way to make more money is to buy Bitcoin from an exchange that accepts currency deposits and purchases them in there, and then transfer them to PaxFul and resell for %10 to 30% above market (which is the price you pay at Paxful for the convenience and speed )
I used Paxful for around 5 purchases so far and never had any problem, the convenience is great !!
