PAXFUL is a unique type of exchange. On most exchanges, you are buying Bitcoin directly from the exchange site. With PAXFUL, trades are done person-to-person, with a wide selection of individual sellers to choose from. The major benefit is that there are over 300 options for buying Bitcoin, including credit card, E-Wallets, gift cards and more.
Creating your PAXFUL account
To create an account in PAXFUL, you need to access their website at https://paxful.com/, then hit the Create Account button, and follow these steps:
- Fill out the details and hit CREATE A FREE PAXFUL ACCOUNT
- You will be sent an email. Open it and hit the VERIFY EMAIL button
Now your account is verified and you will see four sections related to setting your account up. These are:
Under Profile, you will be asked to complete your account profile:
- Set two security questions
- Verify phone number
- Select preferred currency
- Hit SAVE CHANGES at the bottom of the page.
To boy Bitcoin on PAXFUL you will first need to hit the BUY BITCOIN button at the top of the screen. Next, you’ll need to fill out this information:
- The method you want to use to buy Bitcoin
- Choose the amount
- Choose your currency
- Hit the SEARCH FOR OFFERS button to be shown the list of matching sellers
Next, you will see a list of all sellers matching the parameters you set.
- Tap on any SELLER to view their profile, including feedback from people they have done business with in the past.
- Under the BUY BITCOIN WITH column you can see important details, such as whether or not the seller requires you to provide ID
- The AMOUNT LIMITS column shows you how much you can purchase from the seller
- The RATE PER BITCOIN column shows how much you will actually for every dollar spent.
To continue with the purchase, follow these steps:
- Select the seller you want, and hit the BUY tab on the right.
- On the following page, confirm the amounts and hit BUY NOW (your transfer will then be placed in escrow).
- On the next page, you will have the option to chat with the seller, view offer details, and use the Upload if the seller needs you to send ID, you will see an Upload tab to send photos of your ID and selfie (if required).
- The seller will share a secure payment link for you to enter your payment information.
- When you have made the payment, hit the PAID button to confirm it’s done.
You will receive a confirmation as soon as the purchase is complete and the Bitcoin is available in your account.
Depositing to your preferred Sportsbook Accoint
Once you have Bitcoin available on PAXFUL, you’re ready to send it to fund your sports account. Please go to the America’s Bookie website since that’s where you will be getting the address to send the funds to.
- Open the Cashier.
- Select Deposit.
- Select Bitcoin.
- Enter the amount to deposit (must be the exact amount you want to deposit).
- Click on Request Address
- You will now need to copy this address. Please DO NOT type the address by hand. Always use the copy-paste feature!
Next, return to PAXFUL, and follow these steps below:
- Go to WALLET at the top of the page.
- Hit SEND BITCOIN
- On the next screen, enter the AMOUNT to send.
- Paste the address you copied earlier from the Bitcoin Cashier in the BITCOIN ADDRESS field.
- Enter your PAXFUL password to confirm.
- Hit Continue
Your deposit will then be posted to the blockchain. It usually takes 10-60 minutes for deposits to be confirmed.
You can check the status on any transaction by going to the blockchain website and entering your deposit’s address: https://www.blockchain.com/explorer.
Withdrawing from the Sportsbook of your choice
To make a withdrawal from your preferred Sportsbook to PAXFUL, simply follow these steps:
- From your PAXFUL account, hit WALLET at the top of the screen.
- You will see your Bitcoin address on the screen.
- Hit COPY ADDRESS
Now, go to your preferred Sportsbook account and:
- Open the
- Choose the
- Paste the Bitcoin Address you had copied from PAXFUL.
- Hit Verify Withdraw.
It normally takes only 2-3 hours for your withdrawal to be sent, but may take up to 48 hours in some rare cases.
Note: We highly recommend withdrawing your Bitcoin out of your EDGE wallet as soon as you receive it. This way you can protect yourself against any possible drop in the value of Bitcoin.
Once the Bitcoin arrive to your PAXFUL wallet, hit the BUY BITCOIN tab at the top of the screen, and then select SELL BITCOIN from the drop down:
You will then see a list of options for selling your Bitcoin:
For example, suppose you want to receive a bank transfer
- Select ‘To bank’ and hit Withdraw.
- Scroll down and you will see the list of potential buyers who will send you funds via bank transfer in exchange for the Bitcoin.
- Choose a buyer, then hit the SELL button located on the right side.
- Confirm the amount you wish to sell, then hit SELL NOW.
On the next screen you can confirm your banking details and chat with your buyer.
We highly recommend selling the Bitcoin as soon as you receive it. This way you can protect yourself against any possible drop in the value of Bitcoin.
Sportsbook Company’s interest is to send your funds as soon as you need it. If you have any problems with any withdrawal request, please contact the customer service representatives to receive assistance.