A Bitcoin wallet is sometimes referred to as a digital Wallet. If you want to get yourself some bitcoin, getting a bitcoin wallet is crucial in that process. Just as bitcoin is a digital equivalent to physical currency, a bitcoin wallet is analogous to a physical wallet, in the sense that it holds it. But instead of just storing bitcoin in it literally, it houses a lot of required information such as your secure private key that is used to access bitcoin addresses and complete transactions. The four major types of bitcoin wallets are desktop, mobile, web and hardware.
As a digital currency, a bitcoin wallet is must to use bitcoin. In this article, we will take a look at Paxful wallet. Which is a web based bitcoin wallet.
#1 It is a P2P marketplace
Paxful is a peer to peer bitcoin marketplace. In a bitcoin marketplace like paxful, you will be buying bitcoin from trusted sellers. Paxful has listed over 1,200 trusted vendors in their site from all around the world and it takes less than 5 minutes to get yourself a bitcoin.
#2 It comes with tons of payment options
Paxful supports a wide range of payment options. They support over 300 different payment options and therefore you will be able to use Paxful to get bitcoin using gift cards, cash deposits, online wallets, credit cards and numerous other stuff as well.
#3 Charges involved are very low
You make use of bitcoin’s blockchain network when you take bitcoin out of your paxful wallet, and you will have to pay a miner fee for that purpose. You pay zero fees for just holding your bitcoin. If you are going to get bitcoin and hold it for a long time as an investment, you can make use of paxful wallet.
#4 Easy to use, while being safe & secure
Paxful allows only verified sellers on their site, so there is no chances for disputes. They also provide 2-factor authentication, escrow services and encryption to make your experience as safe and secure as possible.
The Paxful wallet is designed for the common man and even someone who is new to bitcoin, can use it easily.
Buying bitcoin with Paxful
When you use Paxful wallet and buy bitcoin from the Paxful marketplace, you can be confident and you will receive your bitcoin almost instantly. It is then stored securely in your Paxful wallet. In addition to being easy to use, you can use Paxful wallet for storing bitcoin as a good investment opportunity for the long term.
I hope this article was useful for you to learn more about how you can buy, sell or transfer bitcoin using a bitcoin wallet and the interesting new features provided by Paxful wallet. There are so many possibilities that are unlocked with the help of this. Make the most out of it. If you have any doubts with regards to this, let us know through the comments and we will be glad to help you out. If you have any suggestions regarding how we can improve the article, let us know them through the comments as well for us to improve.
Do you have any other reservations against getting yourself some bitcoin as an investment or for the novelty of it? Are you invested on any other cryptocurrencies apart from Bitcoin? What is your opinion on the recent dip that shook the bitcoin market and the subsequent recovery from it? Do you think it’s just a fad or is it just the tip of a larger iceberg? Let us know through the comments.