P2P Bitcoin exchange Paxful will allow users to buy and sell Bitcoin using Gold and vice-versa.
P2P Bitcoin exchange Paxful will allow users to buy and sell Bitcoin using Gold and vice-versa.


COVID-19 brought to the financial market a new run to acquire Gold from people looking for a safety place to inject their economies with a panic of a global recession, making this asset a preference and turning it scarce making some suppliers already reporting shortages of supply. Firms that already in business with a good cast of customers in the crypto field started adding Gold to be traded in their platform with the digital Gold "bitcoin" to avoid losing their "clientele" to other markets.

The peer-to-peer crypto exchange Paxful added Gold as a payment option to buy and sell bitcoin and vice-versa during this period when the "yellow" asset still in scarce supply.  This new and innovative feature from the peer-to-peer bitcoin exchange will allow Paxful members to buy bitcoin with gold, and sell bitcoin for gold.

The exchange also claims that is the unique peer-to-peer market for now that is offering Gold as paymet method to acquire Bitcoin, and this feature is available to customers worldwide. Any form of Gold is accepted in the Exchange and the physical delivery after trading Gold for Bitcoin must be completed in 21 days being the BTC involved in the transaction kept in escrow.

Other surprise thing is that there are no minimum or maximum in transaction limits for this service as long the customers pass in their policy of KYC required to allow certain threshold in the Exchange. Paxful has more than 300 methods of payment to acquire Bitcoin in their platform and adding gold oblivious will make people that have it can also be part of the crypto world assuming that they will sell their gold to secure BTC.

Many platforms from cryptocurrency are adding useful services allowing worldwide customers to be able to add in their portfolio more crypto assets purchasing them with various methods of payments and expanding their cast of products to more regions.

For now it's not an excuse to not own Bitcoin allegedly because you don't have ways to pay it, as the exchanges like Paxful offer bunch of methods to pay for it!

 

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alberdioni8406
alberdioni8406

A Bitcoin & Crypto enthusiast also a crypto content independent writer!


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