How to Buy Bitcoin through PAXFUL

We all know that in recent times everyone is focusing on cryptocurrencies and their features. In crypto currencies the top rated and the first coin is Bitcoin. To buy Bitcoin in Srilanka there are lots of websites. Paxful is one of the best website with low price and inbuilt wallet features. So in this article we will learn about how to buy Bitcoin in Srilanka.

• First you have to create and login to your account. Your account dashboard will look like this.

• Here you have to press buy Bitcoin.

• Now you will see a marketplace platform.

• In the left side you can see lot of keys and tabs. Here you have to input the currency and amount you want to spend to buy Bitcoin.  Select the offer location as Srilanka to get the best results.

• Now you can see the filtered results of people who sell Bitcoin in Srilanka. Here the results are shown in ascending order of leverage price. Leverage price means the percentage of difference between the real currency price and the price which sellers offer. So try to choose the seller in the initial list. And always watch the reviews of the seller before the order. After that select the seller you prefer to make a trade with and click Buy.

• Now you will see a trade confirmation window. Here you can change or confirm the amount. And also you can see the amount of coins worth in real market place. Press Buy now to open the trade.

• Now you will get a chat box to have a chat with the seller and further process the trade. Before starting to chat make sure the requirements of seller meets with you and the trader is online. Then you can begin the trade with seller. In this case I have to send the money to seller’s bank account and send him a payment proof.

• Once you made the payment click paid. It’s the important thing to ensure that you paid to the seller.

• After that seller will check the transaction and confirmed that you made the payment the reserved Bitcoins for the amount you paid will be added to your account instantly.

• After that, don’t forget to give a review based on your experience. It will help the future traders to ensure the safety and trustworthy of that seller.

• Then you can check your balance in your wallet. If you want to transfer the Bitcoin to another wallet you can send from here or you can hold the coins in the default free wallet which Paxful offers.

Things to consider

• Make sure you following the terms and conditions of Paxful and beware of violations.
• Make sure you are login to the right website and always safe your account with 2FA.
• Before selecting a seller read the seller information and reviews on their past trades and the requirements of the trader in order to complete the trade.
• Before starting a trade check whether the seller in online or available to make a quick trade now.
• Don’t forget to click paid immediately to confirm your payment.
• Don’t fall into scams. Because there are lots of ways you will get scammed in any platforms. So be knowledge and don’t agree for any outside transections.

According to Paxful report learn how to secure from scams

• If someone seems new to the platform and asking for outside transections then it could be a scam.
• If someone giving unbelievable rate of offering and asking for outside payments, don’t be greedy and accept. It’s definitely a scam.
• If someone send link in the chat box and tells you to register your account there for safety purposes, then it is a scam attempt.
• Always have transection within the platform.(When buying crypto You have to make the payment outside the Paxful, but always receive the crypto to your Paxful wallet through the Paxful default escrow payment window

( If you wish to Watch a cool video explaining this topic – CLICK HERE )

Author’s disclaimer

Investing in cryptocurrency is not a one time thing. You have to invest over and over again in a constant timeframe to make advantage of market fluctuations and speculations. And consistency leads to the compound growth and you can get the full potential advantages from crypto. Always seek advices from experts in the field to get more important trend updates to manage your risks. (Signup our newsletter to get important trend updates) Never ever invest your life savings or any emergency funds. Always don’t invest the money which you can’t afford to lose.