Limits and Verification

Verification is an important part of Paxful as we aim to make the trading experience on our platform as safe as possible.

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.

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 Receive to Wallet Lifetime Limit
0 None $0 $0 $0 Unlimited
1 Email and Phone $1,000 $1,000 $1,000* Unlimited
2 ID $10,000 $10,000 $10,000 Unlimited
3 Address $50,000 Unlimited Unlimited Unlimited
4 Enhanced Due Diligence Higher than $50,000 Unlimited Unlimited Unlimited

* Users from countries on this list require levels 1 and 2 to withdraw any funds from their Paxful wallet. 

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

Level 2

  • Increased trade and send out limits
  • Access to more payment methods
  • Ability to create your own offers
  • Ability to convert cryptocurrency

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 email and 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.

Here are some additional cases which may require verification. Please visit our Help Center for more information on the verification process.

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