Paxful is one of the latest additions to the crypto scene. Despite being a new kid on the block, it’s already making waves in the online casino industry. It brings a number of benefits to the table, which is why many Filipino gambling sites are already lining up to join forces with this cutting-edge crypto trading platform.

On this page, we’ll shed some light on Paxful and show you why it’s an excellent fit for Filipino online casinos while exploring its pros and cons along the way.

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What Is Paxful?

Launched in 2015, Paxful is an online crypto marketplace for buying, selling, and trading digital currencies. Thanks to its many standout features, it made a name for itself as a premium platform for trading Bitcoin.

Paxful is entirely peer-to-peer, which means that its users trade with real people. This sets it apart from centralized exchanges, where a third party is tasked with processing all trades. A regular exchange is basically an intermediary between two parties, whereas a P2P exchange like Paxful utilizes advanced software to handle the transactions, with no requirement for a middleman. This also means that you won’t be asked to complete any KYCs to use Paxful services.

Another strong point in favor of Paxful over conventional crypto exchanges is that it offers a broader range of payment methods and buying options. Users can buy and sell cryptocurrencies via 350+ payment methods.

People can also use the platform for trading stocks, forex, and other commodities.

So, how does Paxful make money? From charging sellers a 1% flat fee for all transactions.

How to Make Deposits in Paxful Casinos

Paxful isn’t an actual payment method but rather a trading platform where you can buy Bitcoins with a fiat currency. Once you establish a Paxful wallet and fund it, click on the Buy Bitcoin button. You’ll be asked to select the amount of BTC you want to purchase and the payment method. Then choose a seller and buy Bitcoin at the best price offered.

Next, visit a Filipino online casino that accepts Bitcoin, register, and go to the site’s cashier. Follow the on-screen prompts, provide the casino’s Bitcoin address and finalize the payment. The funds will reach your account almost instantly.

How to Withdraw in Filipino Online Casinos via Paxful

Just retrace your steps:

  1. Log into your casino account.
  2. Select the withdrawal tab and choose Bitcoin from the list.
  3. Enter the address of your Paxful wallet.
  4. Type in the sum you want to cash out.
  5. Confirm the payment. Your winnings will be transferred to Paxful wallet within 24 hours, depending on how long it takes for the casino’s finance team to process the transaction.
  6. When your payout request is approved, go to the Paxful website and sell your Bitcoins for fiat currency.
  7. That’s it!

Advantages of Using Paxful

There are various benefits of using Paxful for online casino gaming in the Philippines. Let’s go over the most important ones:

  • Speed — Once the platform is fully integrated into the online casino sector, deposits and withdrawals will be streamlined like never before. Players will be able to continuously play and buy/sell crypto within seconds.
  • An endless range of payment options — If you play in a Paxful online casino, you’ll be offered more than 300 ways to fund your BTC wallet via a few clicks.
  • Low operating costs — Online casinos usually charge hefty fees for processing payouts via fiat currencies. With Paxful, those fees are reduced to a bare minimum.

Available Games in Paxful Casinos

Crypto-friendly casinos are typically packed to the brim with gaming options, and the same is true for gambling sites linked up with Paxful. In addition to the standard fare of slots, table games, and live dealer games, you’ll probably find a few unique options that aren’t available in traditional online casinos. For instance, there’s a solid chance that your chosen Paxful casino will offer a range of Bitcoin slots or provably fair card and table games.

Paxful Casinos Bonuses and Promotions

The hallmark of every crypto casino is the massive sign-up bonuses, and Paxful gambling sites seem to be following the same trend. In that regard, Paxful casinos put their competitors to dust, offering intro promos three, four, or even ten times as big as those provided by traditional casinos. Not to mention other treats that await Filipino players in Paxful casinos, including a year-round influx of ongoing promos — free spins, reloads, cashbacks, and more.

Paxful Mobile Casinos

In a Paxful casino, you can do everything on the go, from purchasing cryptocurrencies to making deposits and playing games. Not only does Paxful offer a mobile app, but its associated casino is also mobile-friendly and will allow you to play your favorite games while on the move.

Final Thoughts

What started as a solid Bitcoin trading service has become a juggernaut in the crypto world. It provides a highly intuitive user experience, which bodes well for the casino sector. More importantly, it provides a broader scope of payment methods to Filipino gamblers. While non-crypto gambling sites might accept only a handful of banking methods, Paxful online casinos have the upper hand in supporting a full spectrum of payments.