There are an alleged 21 million Bitcoins ever made and supposedly 17 million of them are currently in circulation which means 3 million coins are still “up for grabs”. But the 3 million ‘not yet mined’ coins are however becoming harder to attain even with the best mining software and hardware in place.
But you do not have to mine the Cryptocurrency to own it. Especially now that it is becoming quite uneconomical to mine them. You can tap into the pool of 17-odd million that is in circulation but purchase them in their fiat currency equivalents.
But where does one get them then? After all, Cryptocurrency is this dark and mysterious transaction system used only by criminals and drug addicts and so purchasing them would naturally be in a shady place like the deep web – where they are used to acquire illicit things – right? Not quite!
There are publicly accessible marketplaces where one can securely purchase Bitcoins, which now also has a function of an intermediary currency.
In the world of digital currencies, Bitcoin serves as the Dollar-like go between that allows people to purchase other currencies (altcoins)
The actual trading of cryptocurrency “pairs” then takes place on and specialized Crypto exchange like Binance or Bitfinex. So, the demand for it will result in the increase in the value of other currencies affiliated to it. The other major intermediator altcoin that functions like the dollar is called Ethereum.
Based in Wilmington, Delaware USA, Paxful is a unique bitcoin marketplace where you buy bitcoins from our trusted sellers (vendors). The marketplace boasts a collection of over 1,200 trusted vendors and purchase time of fewer than 5 minutes to receive your Bitcoins – this claim was tested and the only reason it takes longer is if you are not prepared with what is needed to make the transaction go faster.
While there are many marketplaces this one is an open market and thus well-known. Here are some of the benefits of getting your coins through Paxful:
Almost every payment option
The platforms vendors accept over 300 payment options making it easier for you to remain anonymous if you wanted you as you are then able to buy bitcoins with gift cards, cash deposits, online wallets or credit cards.
They only charge a Bitcoin’s blockchain network miner fee when you move your bitcoins out from your Paxful wallet. That way you get to keep “more money in the pocket” by holding almost the full value of your bitcoins stored with them.
Fast, easy & secure
As are a buyer on Paxful, you are 100% protected. Like a bank, they verify and veto all their sellers for your safety. This ensures that you can pay with confidence, and via a 2-factor authentication system escrow – the highest-level encryption and professionally audited security.
Other benefits include a rating of buyers (like on any online marketplace) to help you identify the best (quick and reliable) sellers to get you coins from.
You are also able to chat with a real person on the other side when making transactions – with full mobile and desktop notifications via email on the conversation and transcript.
You can remain fully anonymous and only reveal what you want to reveal to them based on your payment method. Payment for coins via Amazon Gift cards, for example, are usually the easiest way to achieve this.
Naturally, the platform comes with full support and even has a link for businesses to use Paxful as a payment system for clients without bank accounts with the relevant APIs to link to their eCommerce sites.
In summary, the Paxful wallet is designed for mainstream users so even least technically savvy people and bitcoin first-timers can easily use Paxful wallet to make their way into the trading of altcoins or just hold the coins for a large breakout in price.