Buy bitcoins step-by-step
Bitcoin is very exciting and we are very excited that you are taking this journey with us.
The first step to buying bitcoins is to create an account at Paxful. Paxful gives all of the users a free wallet upon sign up. After you create your account, you will get your free wallet instantly.
The next step to buying bitcoins is to search for a proper offer for you. Click on “buy bitcoin” and enter the currency you wish to deal in, the amount you’ll be spending, and one of over 300 payment methods. After you click “search” you should be able to see a list of offers to choose from. Remember to look at every detail of each offer because each plays an important role in finding the right offer. Read the offer terms of each vendor and see which one you can comply with. Once you read through the seller’s offer terms and are happy with them, click “buy”.
This opens the trade with the instructions and the chat box. Once you have followed all the vendor’s instructions, sent the required files and documents, and have made a payment, click the “Mark as Paid” button. If you don’t click it, the trade will expire and bitcoins will be released from the escrow back to the seller.
When a trade starts, the seller’s bitcoins are transferred automatically to our secure escrow and at this point, the seller can’t cancel the trade. Only a buyer can cancel a trade at any moment and bitcoins will be transferred from escrow back to seller’s wallet. If the buyer hasn’t made a payment and not marked as payment completed within the payment window time frame, a trade will be auto-cancelled and bitcoins moved back to seller’s wallet.
Here are some of the more popular payment methods for buying and selling bitcoins:
- Want $1-$30? Gift cards might be a good option for you. There is a wide variety of gift cards available on Paxful such as iTunes, Target, Amazon, Walmart, BestBuy, or Gamestop. You can also use OneVanilla prepaid gift cards as well. Just buy one at a drug store and search for a good deal.
- Want to buy with a debit, credit, or prepaid gift card? Some vendors may ask for ID and the price might be a little bit higher than other payment methods, but you will get your bitcoins instantly.
- Want the BEST PRICE? Buy with bank cash deposit. Start talking to a vendor and get his bank account number and deposit the cash to the teller. You won’t even need a bank account as you’re paying with cash anyway.
- Want to buy bitcoins with PayPal, Netspend, Skrill, or other online wallets?