What are the fees associated with buying and selling cryptocurrency on Paxful?

3 answers

• Jan 14, 2022 · 3 years ago
  When it comes to buying and selling cryptocurrency on Paxful, there are a few fees to consider. First, there is a fee for creating an offer to buy or sell cryptocurrency. This fee is 1% of the trade amount and is paid by the person creating the offer. Additionally, there may be network fees associated with the specific cryptocurrency you are trading. These fees are paid to the miners who process and validate transactions on the blockchain. The amount of these fees can vary depending on network congestion and other factors. It's important to note that Paxful does not charge any fees for buyer transactions, but sellers may be subject to a 1% fee on the total trade amount. Overall, the fees on Paxful are relatively low compared to other platforms, making it an attractive option for buying and selling cryptocurrency.
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• Jan 14, 2022 · 3 years ago
  Buying and selling cryptocurrency on Paxful comes with a few fees. The first fee you'll encounter is the 1% fee for creating an offer. This fee is paid by the person who creates the offer, whether it's to buy or sell cryptocurrency. In addition to this fee, there may be network fees associated with the specific cryptocurrency you're trading. These fees are paid to the miners who process and validate transactions on the blockchain. The amount of these fees can vary depending on the network congestion and other factors. It's worth noting that Paxful doesn't charge any fees for buyer transactions, but sellers may be subject to a 1% fee on the total trade amount. Overall, the fees on Paxful are competitive and reasonable compared to other platforms.
  755252
• Jan 14, 2022 · 3 years ago
  When it comes to fees associated with buying and selling cryptocurrency on Paxful, there are a few things to consider. First, there is a 1% fee for creating an offer to buy or sell cryptocurrency. This fee is paid by the person creating the offer and is deducted from the total trade amount. Additionally, there may be network fees associated with the specific cryptocurrency you are trading. These fees are paid to the miners who process and validate transactions on the blockchain. The amount of these fees can vary depending on network congestion and other factors. It's important to note that Paxful does not charge any fees for buyer transactions, but sellers may be subject to a 1% fee on the total trade amount. Overall, the fees on Paxful are competitive and transparent, making it a popular choice for buying and selling cryptocurrency.
  845212