Limits and Verification

Modified on Wed, 24 Apr 2024 at 01:53 PM

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 our various verification levels along with their corresponding benefits:

LevelVerification NeededPer Trade Limit
Trade Volume Lifetime Limit
Send from Wallet Lifetime Limit
Email, Phone, and ID
Proof of Address
Enhanced Due Diligence
Higher than $50,000

  • For Lightning transactions, there is an additional limit of $750 per transaction and $10,000 per month.
  • All users must process email, phone, and ID verification before they can use their wallets and start trading on our platform. Take a look at this Guide to Account Verification.
  • *Some users from selected countries must process Proof of Address verification before they can use their wallet and start trading on our platform.

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

  • Increased security on your account
  • Ability to trade
  • Ability to receive and send out crypto
  • Ability to convert cryptocurrency
  • Access to more payment methods
  • Ability to create your own offers

Level 2

  • Increased trade and send-out limits
  • Removal of 0.002 BTC requirement for your offers to be visible in the marketplace

Level 3

  • Increased in per trade limit 

Note: The per-trade limit for a trade is calculated based on the total volume of all active trades available at your current level.

If you need any assistance from our Support team, do not hesitate to contact us. Check out this article on How to Contact Support