Verification keeps the platform safe for users. With each new level of verification, users unlock higher trade amounts and limits. Verification is an important part of Paxful as we aim to make the trading experience on our platform as safe as possible.
The following table lists out our various verification levels along with their corresponding benefits:
| Level | Verification Needed | Per Trade Limit | Trade Volume Lifetime Limit | Send from Wallet Lifetime Limit |
|---|---|---|---|---|
| 0 | - | $0 | $0 | $0 |
| 1 | Phone | $1,000* | $1,000 * | $1,000* |
| 2 | Email and ID | $10,000 | $10,000 | $10,000 |
| 3 | Address | $50,000 | Unlimited | Unlimited |
| 4 | Enhanced Due Diligence | Higher than $50,000 | Unlimited | Unlimited |
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Users from countries on this list require levels 1 and 2 to sell crypto, convert crypto, and withdraw any funds from their Paxful Wallet.
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For Lightning transactions, there is an additional limit of $750 per transaction and $10,000 per month.
Note: Trade limits and wallet send out limits are tracked separately. For example, you can have $500 remaining for trading, and $9,000 left for wallet send outs.
Why should I verify my account?
With each new level of verification, here’s a glimpse of what you’ll unlock:
Level 1
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Increased security on your account
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Ability to trade and send more crypto
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Ability to convert cryptocurrency
Level 2
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Increased trade and send out limits
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Access to more payment methods
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Ability to create your own offers
Level 3
- Increased trade and send out limits
- Removal of 0.002 BTC requirement for your offers to be visible in the marketplace
Level 4
- Increased trade and send out limits
Warning:
- Users from countries on this list require levels 1 and 2 to use Paxful wallet services and trade on our marketplace. To withdraw funds and to make any trades on Paxful, users must verify their ID.
- In order to create an offer, you need to be ID-verified.
- To send funds from your Paxful wallet, you need to verify your phone.
- The per trade limit for a trade is calculated based on the total volume of all active trades available for your current level.
- Check if your country is on the OFAC grey list. In case if your country is on the list, to send funds from your Paxful wallet or to sell cryptocurrency, you need to be ID-verified.
Please visit our Help Center for more information on the verification process.