Paxful increases bank transfer fees

Paxful bank transfer fees

Do you use bank transfer to buy bitcoin? If you use Paxful, be prepared for higher bank transfer fees.

This message serves to advise you that the 0.1% bank transfer fee promotion will soon come to an end. Starting on November 25, 2019, escrow fees for all bank transfer trades on Paxful will increase from 0.1% to 0.5%. This is still lower than our pre-promotional rate of 1%. As you know, Paxful has always highly valued bank transfer offers and will continue to do so.

As always, Paxful is committed to offering you the quality you expect and deserve. We are doing our best to minimize the price increase to the least possible amount while still achieving our desired goals of providing our users with financial freedom.

All bank transfers made before November 25 will still be honored with the 0.1% escrow fee, so we highly encourage you to make more bank transfers in the next couple of days to take advantage of the existing promotional discount.

Paxful greatly appreciates your continued business and support through this time of growth and change. If you have any further questions or concerns regarding this fee increase, please do not hesitate to reach out to us. Our team is standing by to assist with anything you need.