A Site Enabling Anyone to Buy Bitcoin Using 300 Payment Methods Says the Demand is Growing

A company that enables visitors to buy Bitcoin using more than 300 payment methods has reported growth in the number of transactions being completed using US dollars - and says it is determined to dismantle the issues people have in earning and transferring their money freely.

Paxful was launched in 2015, and has the goal of making it simple to buy cryptocurrency - a boon for people who haven't done so before.

Cash deposits and bank transfers can be used on its platform - with the company promising to deliver Bitcoin in less than an hour at an "Awesome price." Crypto can also be received instantly if Paxful customers opt for an online transfer via the likes of PayPal and Skrill, on the condition that they upload their ID for verification.

That said, the fees incurred by using these payment processors can mean that Bitcoin costs a little bit extra on average.

Unlike other exchanges, Paxful also enables its customers to buy Bitcoin using gift cards, enabling them to swap unwanted presents for cryptocurrency.

Those who are interested in exchanging their Bitcoin for gift cards can specify the minimum or maximum value of the vouchers they are willing to pay and set the exchange rate.

This helps to prevent an unscrupulous seller from taking someone's gift card or money without delivering the Bitcoin they promised.

In addition to these measures, Paxful has a customer support team who can answer queries 24 hours a day, seven days a week.

Giving backAs well as helping the public to get their hands on Bitcoin safely and securely, Paxful has made a concerted effort to engage in humanitarian projects that make a difference.

Ray Youseff, the platform's CEO and co-founder, said: "We encourage the cryptocurrency sector to contribute more to humanitarian projects. The #BuiltWithBitcoin initiative is an example of bitcoin being used as more than a speculative tool but a testament to the usefulness of cryptocurrency."