Limits and Verification

Modified on Thu, 17 Aug 2023 at 02:05 PM

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 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

For Lightning transactions, there is an additional limit of $750 per transaction and $10,000 per month.
*Some users from selected countries are required to process ID 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 and send more crypto
Ability to convert cryptocurrency

Level 2

Increased trade and send-out limits
Access to more payment methods
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:

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 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.