All Paxful users can now buy and sell USDT, add bank details and send bitcoins to their username.
International P2P cryptocurrency platform Paxful today announced the launch of peer-to-peer transactions in Tether (USDT). Now all verified users can protect their funds from Bitcoin price fluctuations and trade the USDT stablecoin with the highest market capitalization. This feature has been successfully tested in Nigeria and several other regions:
“To show our respect for one of our largest markets, we decided to first offer this feature to Nigerian Paxful users. During testing, we verified its effectiveness and usability, and collected feedback that helped us improve it. We are now ready to present this update to all of our users, “said Artur Shabak, director of product development and co-founder of Paxful.
Paxful users now have the ability to buy and sell USDT in the same way as bitcoin, using over 300 payment methods available, including bank transfers, e-wallets and gift cards. USDT can now be purchased immediately without purchasing BTC in advance, and stablecoins can be withdrawn directly from your Paxful wallet.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 has been appreciated by thousands of users who have already converted about USD 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 bank details in their account settings for even faster bank transfer transactions. When creating offers, you can select an option under which the 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 earlier you had to know the recipient’s wallet address to send bitcoins, now a username on the Paxful platform is enough for this.
“Since our P2P platform works with the support of all users, we listen carefully to their opinion. Thanks to the latest updates, it has become even easier for users to send bitcoins to their family and friends. Everything we do is aimed at the convenience and security of transactions and transactions.” added Shabak.
The company recently announced that Paxful had 4.5 million users, had deals worth $ 4.6 billion, and had less than 1% of disputed deals. 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.
