Creating an Offer to Buy Cryptocurrency

Modified on Wed, 25 Oct 2023 at 11:24 AM

Want to buy crypto on your own terms? Create an offer and dictate your price, how you want to get paid, and in what currency. Check out the steps below to get started.

Step 1: Payment method

1. Log in to your Paxful account and click Create an Offer.

Tip: Using your phone? Click the hamburger icon and click Create an Offer.

2. Choose the cryptocurrency type you want, and then select Buy.

3. Select the payment method you want to use.

Note: If you want to use the new Gift Card Hub feature, select Automated Trade after selecting your gift card.
From there, you’ll need to select the type of gift card (physical card or e-card), and you can enter the card details.

4. Choose your currency from the Preferred currency drop-down list.

Note:

Only one currency per offer is allowed.
Available currencies may vary depending on the payment method you choose. These limits are set to avoid incorrect trades. For more information, click here.
With bank transfers, inserting the bank name and country where your bank account is registered is important. This will help to avoid any misunderstandings with your potential trade partners.

5. Check if all details are correct and click Next step to proceed.

Step 2: Trade pricing

1. Click Market or Fixed Price to choose the cryptocurrency rate you want to use.

Note:

Market price — Your offer’s selling price will change according to the crypto's market price.
Fixed price — Your offer’s selling price is locked when the offer is created and won’t change with the market price of a cryptocurrency.
This option is not available for stablecoins such as USDT.

2. Choose how much you want to earn on each purchase by inserting the number into the margin field.

Set a percentage according to the market price of crypto and your personal trading intentions. This percentage can be both negative and positive. You can read more about the margin here. You will see on the screen a clear explanation of how much you will earn according to the percentage selected.

Note:

Do not set a low or high percentage to attract customers and negotiate the price within a trade. It is against our Terms of Service.
Cryptocurrency sellers look for the best value + user rating. Choose the margin percentage that you think your target audience would value. A positive margin percentage is advised when creating an offer to buy crypto.
As a default, we offer a cryptocurrency price, the average ask price between Coinbase, Bitstamp, and Bitfinex. For more flexibility with the Bitcoin rate, click, Switch to advanced mode.

3. Set offer trade limits by inserting numbers into the Minimum trade amount and Maximum trade amount fields.

Here you can choose how much crypto in the traditional currency you want to buy.

Note: You can set a range or click Use exact amount to set the sum you are interested in. Once a trade is initiated, the exact trade equivalent in BTC is moved into escrow.

4. Choose the offer time limit by inserting a number into the minutes' field.

This indicates the amount of time you have to make the payment. The trade will be automatically canceled if you do not click Paid before the payment window expires.

5. Check if all details are correct and click Next step to proceed.

Step 3: Trade instructions

1. Choose offer tags from the Offer tags drop-down list.

Offer tags will appear close to the payment method name in the list of offers. It should be something that helps to personalize your offer and add additional information to it.

Example: All bank transfers, Instant payment, Long-term buyer needed.

Note: Can’t find the tag you’re looking for? Suggest a new one by clicking the Suggest a new one to our link.

2. Create your offer labels. Type them into the Your offer label field.

Labels are used to draw attention to the most important specifics of your offer.

Example: no ID verification, quick release, receipt required, etc.

Note: The bank name is used instead of a label for Bank Transfers.

3. Write offer terms for sellers. Type them into the Offer terms for the seller field.

This information will be shown publicly in your offer. It should have short and clear details: do you want a seller to provide a photo of his ID? Is a receipt or other document needed? Do you want the payment method to be processed in a specific manner? Will you require a considerable amount of time to process the payment? Check out more information here.

4. Write trade instructions. Type them into the Trade Instructions field.

Trade instructions will be visible once a trade has started. This should be a clear, step-by-step guide for your potential trade partner. Read more information here.

5. Select the Verification checkbox if you need a verification filter for your trade partners.

Trading with verified users helps to avoid irresponsible users. However, the number of your potential trades will be lower as some of the users want to keep their privacy online.

Optionally, click Advanced options for some additional settings:

Select a target country from the Target country drop-down list.
You can choose countries where you would like to get your trade partners.
Adjust offer visibility by selecting the Show this offer only to users in your trusted list checkbox.
Visibility can be set for your trusted users only. It is useful if you have a list of trusted traders and want to trade only with this group of people.
Set a minimum amount of trades required by typing a number in the Minimum trades required field.
This is useful when you want to trade only with experienced Paxful users. Set a minimum you consider valid for you.
Set a fiat limit for new accounts by typing a number in the Fiat limit for new accounts field.
You can use this option to avoid big amounts with users with few trades and a low reputation.
Set limitations by countries. Select an option from the Limitation by Countries list and insert a country in the field available.
- You can make your offer visible or hidden to customers from specific countries. This is related to IP address and smart country detection.
Adjust Proxy/ VPN limitations by selecting an option from the Proxy/VPN limitations list. You can choose whether to trade with all users or avoid those with VPN and Anonymizer.
Choose the working hours for your offer under the Working Hours section. Choose the days of the week and times during each day when you want this offer to be active. Read more here.

6. Check if all details are correct and click Create Offer to proceed.

Note:

You can always return to the previous step by clicking the Previous Step button.
You can change and edit your offer later.
Offer cannot be changed once a trade has started.
Once your offer is created, you can check it on your dashboard. Use the Vendor dashboard to edit and manage your offers.

Check out our Terms of Service and tips for buying cryptocurrency.

If you need any assistance from our Support team, do not hesitate to contact us. Check out this article on How to Contact Support.