1. Paxful Help Center
  2. Converting Cryptocurrency
  3. Converting Cryptocurrency

Converting Cryptocurrency

  • Converting Ethereum FAQs

    How do I convert Ethereum?

    To convert your Ethereum:

    1. Log in to your Paxful account and head to the Wallet page
      Converting_ETH_Step_1.png
    2. Tap on the three dots under Ethereum
      Converting_ETH_Step_2.png
    3. Select the cryptocurrency you’d like to convert your ETH to
      Converting_ETH_Step_3.png
    4. Enter in the amount of ETH you’d like to convert and click Convert
      Converting_ETH_Step_4.1.png
    5. Double check that the amount looks correct and click Convert again
      Converting_ETH_Step_5.png

    FAQs

    What is the minimum amount of ETH I can convert?

    The minimum amount of ETH you can convert is the equivalent to 10 USD.

    What are the fees associated with converting ETH?
    You can check out the full list of fees here.
    Can I convert crypto on my Paxful mobile app?

    Right now, the option to convert crypto is not available on the mobile app.

    My conversion wasn’t successful. What should I do?

    Some conversions will go through after a few seconds so hang tight! If your conversion is successful, you’ll see a green banner to let you know. If your conversion is unsuccessful, your funds should return to your account within a few minutes. Once the funds have returned, you can try the conversion again. 

    My conversion wasn’t successful, and the funds are reserved for conversion or appear to be lost. What should I do?
    Let us know the transaction ID associated with your conversion and our support team will take a look.
  • Converting Bitcoin to Tether

    You can convert your BTC into USDT on Paxful. USDT or Tether is a stablecoin which means you can store your Bitcoin in a cryptocurrency that is not affected by the volatility in the price of Bitcoin. This article will guide you on how to convert your Bitcoin to Tether.

    1. Login to your Paxful account and click Wallet.

    Click-wallet-new.png

    The Wallet page appears showing your Bitcoin and Tether wallets.

    Tip: You can also use the tour guide feature in the top right corner of your Paxful wallet for a full breakdown of how it works.

    TourGuide2NEW.png

    2. On your Bitcoin wallet, click Convert.

    CLickCOnvertBitcoinNew.png

    The Convert Bitcoin to Tether dialog box appears.

    3. Enter the amount of BTC you want to convert in the field provided and click Convert.

    Note:

    • Once you enter the amount in BTC, the amount you’ll receive in USDT appears under the BTC field.
    • This amount includes all other fees and charges alongside Paxful’s fees. There may be additional fees charged by the Hedging Counterparty and/or third parties.
    • You can convert any amount between 10 USDT and 10,000 USDT from your available balance.
    • You can also choose to convert a fixed percentage of your available balance by clicking 25%, 50%, or 75%. Or you can click Max to convert all your available BTC as long as it falls within the upper limit of 10,000 USDT.

    4. Double-check the amount you are going to convert and click Convert one more time.

    Your Wallet page appears with the updated amounts.

    Note:

    • You can also check how much crypto you’ve converted over time by viewing your transaction history:transaction_history.png

    Here are our guides on how to verify your identity and how to convert Tether to Bitcoin. Also, check out our Tether (USDT) FAQs, tips for buying Bitcoin, and our rules for selling Bitcoin.

     

  • Converting Tether to Bitcoin

    You can convert your BTC into USDT on Paxful. USDT or Tether is a stablecoin which means you can store your Bitcoin in a cryptocurrency that is not affected by the volatility in the price of Bitcoin. This article will guide you on how to convert your Tether to Bitcoin. 

    Note:

    Warning: Don’t send USDT (Tether) to your Paxful BTC wallet. You’ll lose any money you send and you can’t recover them.

     

    1. Login to your Paxful account and click Wallet.

    Click-wallet-new.png

    The Wallet page appears showing your Bitcoin and Tether wallets.

    Tip: Use our tour guide to familiarize yourself with our wallet.

    TourGuide2NEW.png

    2. On your Tether wallet, click Convert.

    CLickConvertTether_NEW.png

    The Convert Tether to Bitcoin dialog box appears.

    3. Enter the amount of USDT you want to convert in the field provided and click Convert.

    Note:

    • Once you enter the amount in USDT, the amount you’ll receive in BTC appears under the USDT field.
    • For the list of fees, check out this article. 
    • You can also click the percentage numbers to convert 25%, 50%, or 75% of your available USDT balance, or click Max to convert all your available USDT.

    4. Double-check the amount you are going to convert and click Convert one more time.

    Your Wallet page appears with the updated amounts. 

    Note: You can always check how much crypto you’ve converted in the past by visiting your transaction history.

    Here are our guides on how to verify your identity and how to convert Bitcoin to Tether. Also, check out our Tether (USDT) FAQs, tips for buying Bitcoin, and our rules for selling Bitcoin.

  • Converting Tether FAQs

    You can convert your BTC into USDT on Paxful. USDT or Tether is a stablecoin which means you can store your Bitcoin in a cryptocurrency that is not affected by the volatility in the price of Bitcoin. This article will answer some of the important questions you may have on this topic.

    Note:

    • Currently, an option to convert cryptocurrency is available for a limited number of users only.
    • You need to verify your ID to be able to convert Bitcoin to Tether. 
    Why would I want to convert my BTC to USDT?
    Converting Bitcoin into Tether gives you an opportunity to store your funds in the form of a stablecoin, which helps you eliminate the effect of market volatility and fluctuations in the price of Bitcoin.
    How to convert Bitcoin to Tether?
    Check out our step-by-step guide here.
    How to convert Tether to Bitcoin?
    Check out our step-by-step guide here.
    Can I withdraw my USDT from Paxful wallet?
    Yes! Check out this article for a step-by-step guide on how to withdraw your USDT. 
    Can I deposit USDT to my Paxful wallet?

    Yes! Check out this article to learn how to receive your USDT address.

    Can I trade Tether on Paxful?
    Yes—you can trade Tether in the marketplace. Check out the buy and sell pages for the list of current offers.
    What are the fees for converting BTC to USDT?
    For the full list of fees, take a look at this article. 
    What is the minimum and the maximum amount of BTC I can convert into USDT?
    You can convert a minimum of 10 USDT and a maximum of 10,000 USDT worth of Bitcoin per transaction. 
    Is it possible to convert my USDT to BTC? If so, what are the fees?
    Yes, you can convert USDT to BTC in your Paxful wallet at any time. For the list of fees, take a look at this article. 
    What happens if I send USDT to my Paxful wallet?
    Please don't send USDT (Tether) to your BTC wallet. You’ll lose any money you send and you can’t recover them. If you have the ability to deposit USDT to your Paxful account, make sure you send it to your USDT wallet address. Additionally, please don't send OMNI USDT to your Tether (USDT) wallet as they are not compatible.
    Can I convert crypto on my Paxful mobile app?
    Currently, the option to convert is not available in the Mobile Wallet. Please use the web version on your mobile instead.
    My conversion wasn't successful. What to do?
    Some conversions will go through after a few seconds so hang tight! If your conversion is successful, you’ll see a green banner to let you know. If your conversion is unsuccessful, your funds should return to your account within a few minutes. Once the funds have returned, you can try the conversion again. 
    My conversion wasn't successful, and funds are reserved for conversion or appear to be lost. What to do?
    Please let us know the transaction ID associated with your conversion and our support team will take a look.

    Here’s our guide on how to verify your identity. Also, check out our tips for buying Bitcoin and our rules for selling Bitcoin.