Paxful is very similar to Local Bitcoins. Where you choose the amount of Bitcoins you want to buy and your payment method, and then you are presented with available sellers. Each seller has a reputation from past trades and each specifies their Bitcoin exchange rate.
Paxful is a Peer to Peer Bitcoin marketplace connecting buyers with sellers. Simply select your preferred payment method and type in how much Bitcoins you need.
Paxful has a secure escrow system to protects you when buying bitcoin by holding the sellers bitcoins in escrow.When payment is completed the bitcoins are released to your wallet.
If you have an online wallet account such as skrill, PayPal, Perfect Money, Neteller etc. you can use any of the funds to buy bitcoin from Paxful risk free.
You can also use Paxful as a personal bitcoin wallet where you can store your bitcoin for personal use.
There are plenty of buyers and sellers on Paxful with different bitcoin prices, so you check for the best seller or buyer to trade with.
Here is the first exchange i made from Paxful Skrill => Bitcoin
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