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How to buy bitcoin for backpage

Buying Ads on Backpage is now a three step process.

  1. Create an account on Paxful.com
  2. Buy bitcoin from a bitcoin vendor on paxful.com
  3. Send bitcoin to backpage for buying ads.

 

 

You can ADD MONEY four ways

GIFT CARDS

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Gift Cards are great for your first time and small amounts from $1 to $20.

  1. See which gift cards are currently accepted by our vendors. The list changes daily. Popular gift cards include ONEVANILLA, AMAZON and TARGET
    *note the minimum amount for each offer; this is the smallest amount you can have on the gift card.
  2. Go purchase the gift card at any local drug store. OneVanilla Gift Card store locatorAmazon Gift Card store locator
    Always buy with CASH ONLY and SAVE THE RECEIPT
    .
    *note vendors will ask you to upload cash receipts to prove that they were not bought with stolen credit cards. Click the upload button above the trade chat to upload pictures.
  3. Click BUY on an offer for your card, type in how much is on the card (for example 10.00) and click the big green button. *note it will tell you how many bitcoins you will get for your money.
    Follow the vendors instructions and click the blue CONFIRM PAID button when you have followed their instructions and paid them. Wait for bitcoins to be sent to your bitcoin wallet and ask the vendor questions in the trade chat if needed.

CASH DEPOSIT

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For big buys over $100 and the best price you can deposit cash to any local bank, Western Union or Moneygram office.

  1. See which vendors have accounts at banks near you and start a trade with them. They will give you their bank account number and name.
  2. Go to the nearest local branch of that bank and deposit cash to the teller.
    *note You don’t need to have an account there and don’t need to mention bitcoin to the teller either. You are just paying the vendor to his account with cash, the bank has no idea what for and knows nothing about bitcoin.
  3. Save the RECEIPT showing it was a CASH deposit and upload it to the vendor in the trade chat and click the CONFIRM PAID button. Wait for your bitcoins to be sent to your wallet.

PAYPAL & ONLINE PAYMENTS

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If you have a verified US PayPal account you can use it to buy bitcoins instantly online. ID will usually be required. INTERAC (Canada), GOOGLE WALLET and other online wallets may also be accepted.

  1. Start a trade with a vendor who accepts PayPal. Click buy and type in how much you spend. *note how much bitcoin you will receive.
  2. Follow their instructions and ask them questions in the chat. Only AFTER you have followed all instructions and paid click CONFIRM payment. Wait for your bitcoin to be released to your wallet.
    *note If there is a problem you can click dispute after 30 minutes and a moderator will help.

DEBIT, CREDIT and BANK CARDS

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Some vendors will accept your prepaid Visa, Mastercard and Amex cards and give you bitcoins instantly. Expect to pay more and show ID. Vendors charge more to make up for the risk of people paying them with stolen cards.

  1. Find a vendor who is online, has a good reputation and price. Start a trade with them and follow instructions.
  2. Once you have read and followed their instructions, uploaded all documents and made payment, click the confirm payment button and wait for them to release bitcoins. Ask them for help in the chat if needed.

How to Contact a Vendor on Paxful

How to contact a vendor on Paxful

Find the best deal.

  1. Make sure you can pay the minimum amount.
    Every vendor has a minimum amount you must buy to deal with them.
  2. Note the price
    Buying bitcoins isn’t one to one. Vendors charge a fee over the market price to get you bitcoins fast. If the “you pay” column says $1.10 that means you would pay $1.10 for $1.00 of bitcoin. So if it was $1.50 and you had $20.00 to spend you would get back $15.00 worth of bitcoin.
  3. Choose a vendor who is currently online
    Both buyer and seller need to be online for you to add money successfully. If you need bitcoins instantly choose a vendor who was last seen only a few minutes ago. They will get emails and text messages to their phone when you start a trade.
How to contact a vendor on Paxful

Contact a vendor.

  1. Type in how much you have to spend.
    For $10.00 just type in 10 and for $25.00 just type in 25
  2. It tells you how much you get back
    Notice how much you get back in bitcoin. Be sure you agree with the sellers price.
  3. Click the big green button
    You are protected by escrow. This means the bitcoins will be held in reserve by Paxful’s secure escrow vault so you know the money is there.
How to contact a vendor on Paxful

Complete your purchase and add money to your bitcoin wallet.

  1. Click the Instructions link and read them.
    Follow the trade instructions exactly.
  2. Click the Chat link.
    After you have read the instructions you can now chat with the vendor. If the instructions require you to upload a file click on the upload button and upload a picture from your phone or computer.
  3. First read the vendor instructions.
    You can type into the chat box and click send message to ask the vendor questions. Once you have read and followed all instructions click the “I confirm payment button” and wait for the seller to give you the bitcoins from escrow. You will see the SUCCESS message in the chat. Check your wallet to see your new balance.
Tips for buying bitcoin
  • Before buying from a vendor read their offer terms.
  • ALWAYS READ the trade instructions FIRST and then make payment. Ask the vendor questions in the chat if needed.
  • DO NOT click confirm paid until you have ACTUALLY PAID them and followed all instructions. Vendors get very annoyed otherwise.
  • Give vendors some time to answer, they are humans not robots.
  • If the seller takes too long to respond to you then click the red CANCEL TRADE button.
  • Questions? Read the Frequently asked questions below.
  • Still need help after reading and trying to do it yourself? You can call us but please leave a message explaining the problem exactly and be as clear and descriptive as possible. Also email [email protected] and mention you left a voicemail. Polite callers who have questions only live support can help them with will go to the front of the line and have their calls returned.

How to send your bitcoin to Backpage

pay-with-paxful-button

If you have already bitcoins in your Paxful wallet since you can pay with your Paxful wallet directly on Backpage.

  1. On Backpage.com create ad and then click bitcoin.
  2. Click Create Invoice.
  3. Then click Pay with Paxful.

You will be redirected to your Paxful wallet with amount prefilled and click Send bitcoin now. Congratulations, you have just paid for your Backpage invoice! Click here to open the Backpage credits page.

Frequently Asked Questions

No worries, every question you have has been asked before.

Q. Why did BackPage stop using debit/credit cards and switch to bitcoins?

BackPage lost their ability to accept Visa and Mastercard when a sheriff from Illinois complained directly to Visa and Mastercard.

BackPage chose Bitcoin because bitcoin cannot be taken away from them or stopped by banks or any one person. No one person controls bitcoin. Bitcoin is a technology like email and it is decentralized meaning it cannot be controlled. Any other site that does what BackPage does will have to switch to bitcoin so it is worth learning. This is the future and Paxful makes it as instant and as easy as possible.

Q. How does this work?

Paxful is an open market like Craigslist or Backpage. Vendors list their ads to sell you bitcoin for a certain price and to get payment a certain way.

Once you find deal you like you start a trade with the vendor. You’ll be in a live chat with them and they will tell you how to pay them, then once you pay they release the bitcoins directly from escrow to your Paxful wallet. You can now spend them anywhere.

Q. Are transaction instant or is there a waiting period?

Using bitcoin to pay for something is instant. Buying bitcoint to fund your wallet can take a few minutes to several hours depending on the payment method and if the vendor is online. Paypal and gift cards are instant. Bank and CO-OP credit union cash deposits, Western Union, Moneygram take some time as you must leave your home to their branch and deposit cash. Usually they happen in under 1 hour.

You buy direct from vendors here so once you start a trade, you are in a live chat, the seller is alerted via email and SMS and may come online right away or it could take them some time if they are asleep or half way around the world etc. Once you’re chatting it happens pretty fast.

Q. Can I buy a fraction of a bitcoin?

Yes! You can buy any fraction of bitcoin you want. If an ad on backPage costs $1 then $1 worth of bitcoin will pay for it. Vendors have minimum and maximum limits of bitcoin they are willing to sell you.

For example. A seller may have a minimum of $30 and a maximum of $300. If a single bitcoin costs $300 then you must buy minimum 1/10th of a bitcoin from that seller, $30. Check the RANGE min-max under the offer.

Q. How do I know which is the price and the amount I am getting?

The price of a single bitcoin is set by 5 different exchanges across the world. This is the rate that most merchants will use when you try and spend bitcoin. Here on our marketplace each seller defines their own price which is usually slightly higher than the exchange price because of convenience and speed you are will receive your bitcoin.

Look at the PRICE/RATE of each sellers offer. The lower it is the more bitcoin you get for your dollars/euros/etc… If you want to know the current exchange price check http://bitcoinwisdom.com and compare it to the price of the seller.

Q. Does Paxful sell bitcoins? Can I just link my bank account to you?

No, Paxful does not sell bitcoins. We are a listing and escrow service for sellers to trade on. They list their ads to buy or sell and you or others can deal with them directly.

Q. How fast would I get my bitcoins?

Gift cards, within minutes, PayPal instant, Cash deposit is 1-3 hours. Depending on the payment method receiving bitcoins can be from nearly instant to couple of hours.

Q. What are the fees for buying or selling bitcoin?

There is only 1% fee for the seller from the amount of a sale. The seller charges more than the market price to earn profit. The more you buy the better the price.

Q. How is this a better way to buy bitcoin?

Our peer to peer marketplace will allow you to buy bitcoin online, instantly or for a great price. We make it simple enough for the new buyers and powerful enough for the biggest traders.

Q. What is Bitcoin?

Bitcoin is a new way to pay for stuff on the internet that is safer than credit cards and can’t be taken down by banks. The best resource to learn about bitcoin is this bitcoin FAQ.

Q. How exactly do I get the bitcoin into a “wallet”?

sending bitcoin from one wallet to another is as simple as getting the bitcoin address to send it to and the bitcoin amount. The bitcoin address always looks like a very long “password from hell” and the bitcoin amount is a decimal like 0.0356 Once you have this information just paste it into your Paxful Wallet when you send out. It will go to your receving wallet.

Q. Is everyone who takes bitcoin compatible with your wallet?

Yes! The bitcoin in your Paxful wallet can be used anywhere bitcoin is accepted.

Q. Can I spend a fraction of a bitcoin?

Yes! You can send or spend any fraction of a bitcoin down to less than a penny. You can use your Paxful wallet or send to a wallet on your phone.

Q. Once I buy bitcoin can I spend it anywhere?

Yes. You can send bitcoin to any address or wallet. You can also install your own wallet on your computer or phone. We recommend AirtBitz, Bread wallet and others.

Q. Where is the bitcoin balance maintained?

When you buy bitcoin it automatically goes to your Paxful wallet. We hold the bitcoins for you but you can send them to your own wallet on your phone or computer anytime. We recommend you install a separate wallet on your phone, send your bitcoins to it from Paxful and then use your phone wallet to spend all your bitcoin. This is more secure for you as you hold and control your own bitcoin.

Q. What is the minimum amount?

It depends on the seller. Look for the min amoutn and the max next to each offer. For example Min $50 – Max $500 means you must pay $50 or more and less than $500.

Q. Why is this so hard? what happened to Visa and Mastercard?

The reason vendors ask for ID and debit and credit cards can;t be used like before is because of scammers and fraud. Many scammers try and buy bitcoin using stolen credit cards, hacked bank accounts and hacked PayPal accounts. This is why vendors must take special care to prove identities for high risk payment methods.

Q. What about sending out bitcoins from my wallet and the bitcoin network miner fees? Who pays and when?

Only the sender pays bitcoin network miner fees. If you send 1 bitcoin to an outside address then they get 1 bitcoin and we deduct the bitcoin network miner fee from your remaining balance. If you only had 1 bitcoin as your balance then it show it as a zero balance but in our system it will actually be in the negative from the bitcoin network miner fee. When you deposit coins again it will go towards the negative balance. This way if you send out 1 bitcoin the receiving party always gets 1 bitcoin. When you send coins within the Paxful network, to another user, there is no mining fee.

Still Confused? Have Questions?

If you have watched the video, read all the frequently asked questions and tried to do it once already we will be happy to walk you through STEP BY STEP but first do please read the above as we get hundreds of calls a day and meeting us half way and trying to do it yourself first will keep our lines clear so we can answer your call.

Paxful

Paxful is a marketplace where people can buy and sell bitcoins directly with each other. You can get bitcoins instantly and pay with debit, credit, cash, Paypal and any currency.

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Comments

comments

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