October 20, 2020

Paxful Launches Tether (USDT) Trading and Adds New Features

All Paxful users can now buy and sell USDT, add bank details and send bitcoins in a username.

September 28, 2020, New York - InternationalP2P cryptocurrency platform Paxful today announced the launch of peer-to-peer transactions in Tether (USDT). All verified users can now protect their funds from Bitcoin price fluctuations and trade Tether, the stablecoins with the highest market value.

This feature has been successfully tested in Nigeria and several other regions:

“To show respect for one of ourmajor markets, we decided to first offer this feature to Nigerian Paxful users. During testing, we were convinced of its effectiveness and usability, and also collected feedback that helped us improve it. We are now ready to present this update to all our users, ”said Artur Shabak, Director of Product Development and Co-Founder of Paxful.

Paxful users can now buyand sell USDT just like bitcoin, using over 300 payment methods available, including bank transfers, online wallets, and gift cards. USDT can now be purchased immediately, without first purchasing BTC, and stablecoins can be withdrawn directly from your Paxful wallet. Users can also convert their BTC to USDT (and vice versa) to protect their funds from market volatility.

The hedging function was appreciatedthousands of users who have already converted about $ 1.5 million to Tether and thus secured their bitcoins from rate fluctuations. Paxful has also introduced additional updates to make the platform even more user-friendly.

All users can now add their ownBank details in your account settings to make wire transfer transactions even faster. When creating offers, you can select an option whereby account details will be automatically transferred to the trading partner after opening a deal. This will help both parties to the transaction save time and avoid mistakes.

And one more update: if previously you had to know the address of your bitcoin wallet to send bitcoins, now a username on the Paxful platform is enough for this.

“Since our P2P platform works thanks tosupport of all users, we listen carefully to their opinion. With the latest updates, it has become even easier for users to send bitcoins to their loved ones. Everything we do is aimed at the convenience and safety of transactions and transactions, ”added Shabak.

The company recently announced that the number of usersPaxful reached 4.5 million, deal volume reached $ 4.6 billion, and the share of disputed deals was less than 1%. Since the creation of the company, every year (including 2020), 1 million new users came to the platform. In addition, Paxful plans to attract another 2 million users by the end of this year.

Paxful is an international platform forconducting peer-to-peer transactions. As part of its mission, Paxful launched the #BuiltWithBitcoin community initiative to build 100 schools in developing countries with Bitcoin funding.