Does anyone use Paxful? theres sellers who want paypal as payment method and i'm wondering if its legit? the exchange rate is 99% on some offers that would save me a lot of money as i have no ID and being using coincoupon at £15 fees for each buy!
Exchanges still cant beat the price of btc I get on localbitcoinsdotcom. The only hassle is I need to order btc and go to my local national financial agency and pay a money transfer slip with cash. Thats not a prob tho, cause the teller is a very nice looking woman :P And btc is in my wallet in 3-6 hours after I pay.
1 - stay away from major exchanges like coinbase, they share the most data with the most other people 2 - an exchange outside your country is better than an exchange in your country. 3 - peer to peer exchanges are better than centralized exchanges but data saved by the exchange is within the reach of government authorities. 4 - bitcoin atms often only require a telephone number
trading fee 0.00% - 0.16% ; depends on trade volume
exchange rate vs blockchain.com/prices 9,357.70 vs 9,324.75 +0.35%
verification requirements standard: email address, phone number, location, SSN, ID card (drivers license, passport, or ID), birth date 2nd level: address verification (utility bill, bank statement, tax return/council tax, other address document) enhanced verification: proof of funds document (salary statement, bank statement for the last 3-6 months, tax return, screenshot of trading activity, screenshot of mining activity, or any other financial document), photo of yourself with ID and handwritten customer document "I'm a CEX.IO customer" with date, employment status, questionnaire, declaration
summary good for Americans and Europeans, bad for UK due to high fees, easy to use
platform www.kraken.com website
currency traded usd, cad, jpy, eur, gbp->btc
deposit fee usd: $5 gpb: £35 + 0.125% btc: free
trading fee 0.26%
exchange rate vs blockchain.com/prices 8,213.50 vs 8,221.90 -0.1%
verification requirements starter account: full name, email, address, phone number intermediate account: full name, email, address, phone number, gov ID, proof of residence, ID confirmation photo, occupation, SSN pro account: full name, email, address, phone number, gov ID, proof of residence, ID confirmation photo, occupation, SSN, financial statements, AML verification
My transactions with coinmama have not been completing recently with various cards. Have been recommended to use beyondcc. Please correct me if I'm wrong, but I don't think there are any fees with them.
deposit fee none, although the rates received with different payment methods differ a lot
live help Yes, and responsive support in general
verification requirements government ID and details for low level trades, for high value trades expect to be asked to show a selfie with your ID and possibly a handwritten note and credit card
time to verify Very quickly for me, 12 minutes. The founder claims that most verification happens almost instantly, otherwise they have staff working 24/7 for manual verification. They guarantee a response about the inital KYC request within 5 minutes at all times. Their marketing slogan is "It just takes 15 minutes for new users to complete a transaction with credit card".
Online consensus on Paybis: After trawling through forums and review sites, I can't see anyone saying that they screwed them ever. Their rates for certain payment methods are a little high, but the wide array of possible methods as well as the customer support and speed they process is well received. They have a good 4.7 score on TrustPilot, and they send the TrustPilot review link to every customer.
Overall: I was impressed with Paybis and I'm surprised they aren't mentioned more often in discussions of good exchanges. They are transparent, fast, professional, and trustworthy, even if their rates for some payment methods aren't number 1.