The Paxful exchange is a P2P platform that has made a mission of facilitating all manner of transactions, enabling users to buy bitcoin for fiat, sell their coins to one another, and generally trade as they see fit.
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For many, Paxful is the most logical and easy step into the world of digital currencies, focused as it is on enabling bitcoin users to trade with minimal interference or regulatory control.
Often compared most closely with the LocalBitcoins exchange, Paxful is modeled as a peer trading platform, with the exchange taking a small fee for enabling users to buy and sell directly with one another.
The exchange is very similar to Luno, as both allow users to select the amount of digital currency they wish to purchase, and the payment method. The exchange then lists prospective deal options for users, tailored to their specific needs.
Sellers are listed with a reputation rating based on their trading history, although exchange rates (prices) are typically far higher than those of a more typical digital exchange.
It is widely accepted that users employing a P2P exchange will carry these higher rates, as they are essentially selling without exchange control to unknown buyers.