Based on where they live, some users are required to verify their identity when signing up for an account and withdrawing funds. The following countries have mandatory ID verification when creating a Paxful account:
- Albania
- Andorra
- Anguilla (UK)
- Antigua and Barbuda
- Argentina
- Armenia
- Aruba (Netherlands)
- Australia
- Austria
- Azerbaijan
- Bahamas
- Barbados
- Belarus
- Belgium
- Belize
- Bermuda (UK)
- Bolivia
- Bosnia and Herzegovina
- Brazil
- British Virgin Islands (UK)
- Bulgaria
- Cayman Islands (UK)
- Chile
- Colombia
- Cook Islands (New Zealand)
- Costa Rica
- Croatia (Hrvatska)
- Curacao (Netherlands)
- Cyprus
- Czech Republic
- Democratic Republic of Congo
- Denmark
- Dominica
- Dominican Republic
- Ecuador
- El Salvador
- Estonia
- Falkland Islands (UK)
- Faroe Islands (Denmark)
- Fiji
- Finland
- France
- French Guiana (France)
- French Polynesia (France)
- Georgia
- Germany
- Gibraltar (UK)
- Greece
- Grenada
- Guam (USA)
- Guatemala
- Guernsey (UK)
- Guyana
- Haiti
- Honduras
- Hungary
- Iceland
- Ireland
- Isle of Man (UK)
- Italy
- Jamaica
- Jersey (UK)
- Kosovo
- Latvia
- Liechtenstein
- Lithuania
- Luxembourg
- Macedonia
- Marshall Islands
- Mexico
- Micronesia
- Moldova
- Monaco
- Montenegro
- Montserrat (UK)
- Morocco
- Nauru
- Netherlands
- New Zealand
- Northern Mariana Islands (USA)
- Norway
- Palau
- Panama
- Papua New Guinea
- Paraguay
- Peru
- Pitcairn Islands (UK)
- Poland
- Portugal
- Puerto Rico (USA)
- Romania
- Russia
- Saint Barthelemy
- Saint Helena, Ascension, and Tristan da Cunha (UK)
- Saint Kitts and Nevis
- Saint Lucia
- Saint Vincent and the Grenadines
- Samoa
- San Marino
- Serbia
- Slovakia
- Slovenia
- Solomon Islands
- Spain
- Suriname
- Sweden
- Switzerland
- Transnistria
- Trinidad and Tobago
- Turks and Caicos Islands (UK)
- Tuvalu
- United Kingdom
- United States of America
- United States Virgin Islands (USA)
- Uruguay
- Vanuatu
- Vatican City
- Zimbabwe
Are there any other situations where I would need to verify my identity?
Yes—if the country you live in is not listed above, there are certain situations where you’ll be asked to verify your identity:
- If you reach an equivalent of 1,000 USD in trade volume or wallet activity in a year, you’ll be asked to verify your ID
- If you reach an equivalent of 10,000 USD in trade volume or wallet activity in a year, you’ll be asked to verify your address
- You may also be required to verify your identity for certain payment methods such as buying and/or selling cryptocurrency with Cash payments.
What if I am in an OFAC grey list country?
If you’re in an OFAC grey list country, you’ll be required to verify your ID to withdraw any funds or trade for any amount.