Paxful Review

This Paxful review is my personal opinion of the most popular online brokerage firm, Paxful. I have been using this system for about a year now and I really can't complain. They are very user friendly when it comes to setting up an account. I've never had to call them on a support line, or anything like that.

The main reason I went with Paxful was because of their two-factor authentication, which they offer. With Paxful, a person would have to prove they did indeed sign up as an account holder in order to receive funds. So, it's really easy and fast to get started, and they automatically approve your account within seconds, making it a pleasure to work with. They allow you to use the credit card for purchases as long as you are the account holder, which I think is a nice added bonus.

I also like that Paxful does not charge much to use their service. I feel it's a good idea because if you are just starting out in the exchange market and have a lot of questions, then paying a monthly fee to a broker isn't always necessary. With Paxful, you will only ever be charged one time for the entire life of your account, no matter how many times you make deposits and withdrawals. This is one of the biggest differences between this exchange and others like it, such as Mt. Gox.

Another thing I like about Paxful is that they are fully transparent in every way. Their privacy policy states that they will not share your details with anyone, which is pretty standard in the industry. This is also something I noticed right away, after I set up an account. All I got was a privacy policy and a link in which I could request a copy of my personal details. The site was very legit and really easy to use. Also, if you ever need to contact them regarding any issues, you can email them.

I'll wrap things up by talking about one of the most important aspects of paxful, which is their support forum. They have a support forum that is very helpful and I recommend that everyone who goes through the exchange rate process look into it. It's a community of people who have gone through the process and their opinions are mostly good and helpful. I got help from two different people on my way to getting a good rate and they were both quite helpful.