PaxFul Alternatives - Best Alternative to Paxful for Crypto Trading

Anisa Batabyal
| 20 June, 2020 | 2 min

Paxful is the Peer-to-peer marketplace that enables buying and selling bitcoin with 300+ payment methods. By using Paxful, you can manage your bitcoin balance and top it up directly using the peer-to-peer marketplace, and receive or send bitcoin.

Paxful was one of the early marketplaces for Bitcoin trading, and now there are many better options available. If you’re looking to trade Bitcoin, you will definitely need the best platform.

But, the important question is “How do you know which is the best cryptocurrency exchange?”. The more number of users use a wallet service, it is possible that it works better than the others. Understand each wallet well before choosing one so that you don't have to worry about the safety and security of the money you're investing. If we remain careful and vigilant, digital currencies are easy to trade.

Let’s look at the main attributes of a good crypto exchange.

1) Reliable and Secure

Many cryptocurrency exchanges quite often become the target of hackers, which is why you need to pick a platform that is secure and reliable. If the security of the exchange is not robust, your funds could get stolen. Check the security policy of the service provider. Also, check the news articles to see if the platform you intend to use was ever hacked and what resolution was offered by them to their customers. A good exchange reimburses its customers in full.

2) Fees

You don’t want to put too much burden on your pocket when it comes to transaction fees. Some platforms may charge exorbitantly high transaction fees or may have hidden fees that make small transactions almost impossible. Just like transaction fees, some platforms do set a minimum limit for withdrawal and charge high withdrawal fees. Check the fees details thoroughly before using any exchange platform.

3) Exchange Rates

If you don’t find the best exchange rates, you may not get the best value when you perform any exchange. Look for a platform that aggregates all the rates from various exchanges and uses intelligent trading bots to find you the best exchange rate at any given time.

4) User Experience

Check if the user interface is smooth, easy to use on both desktop and mobile apps. Read reviews about it. Also, check the customer support policy and what does it provide. If you are looking to transact anonymously, choose the exchange that won’t require much of your personal details. 

Keeping all of the minds of the above point, it is easy to see why many people use CoinSwitch as their primary crypto exchange portal. CoinSwitch is considered the best alternative to Paxful for Crypto Trading.

CoinSwitch is not only reliable and secure, but it has minimal withdrawal and trading fees. The policies are transparent, and there are no hidden charges. CoinSwitch is an aggregator, so you are assured of getting the best rates. The trading bots are designed to give you the best exchange rate available, as CoinSwitch aggregates all the information from different platforms. 

The transaction process is easy. You can use your credit card to purchase Bitcoin, Ethereum, Litecoin, and many other popular coins. CoinSwitch also maintains a huge library of resources on its website that helps you understand cryptocurrency, the tricks, and tips of the trading and how you should go about investing in cryptocurrency. 

CoinSwitch enables users to exchange between 45000 pairs and supports over 300 coins making this the best cryptocurrency exchange that you will ever need.

About CoinSwitch is the world’s largest cryptocurrency exchange aggregator which supports 300+ coins and over 45,000+ pairs. It provides an easier way of trading through global exchanges like Binance, KuCoin, IDEX, Huobi, Ethfinex, HitBTC and Cryptopia without creating an account on them. If you are interested in buying cryptos, do give it a try!