What Are Security Deposits?

Security deposits borrow the funds for a defined period of time. Security deposits are applied to various payment methods and regions. If a security deposit is required for a trade, it's to ensure the safety of trades and to help create a secure marketplace. On Paxful, security deposits can be as low as 0.005 BTC

Note:

  • If you don’t have enough BTC in your account to cover the security deposit, your offer will not be activated.
  • Your deposit amount is released 7 days after your last trade.
  • Some users may have a flexible security deposit logic, read more here.
  • You can manage your security deposit on your Dashboard.

Uploading security deposit


1. Login to your Paxful Account. On the header bar, click Dashboards.

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The Dashboard page appears.

Note: You can use both Vendor Dashboard and Classic Dashboard to manage your security deposit.

2. Above the My Offers list on the Security deposit dashboard, click Deposit.

ClickDeposit1.png

A confirmation window appears.

Note:

  • If you click Deposit on the Security deposit dashboard, a full missing amount will be uploaded.
  • If you click Deposit on the offer field of one of your offers, the exact amount required for the trade will be uploaded. For more information click here.

3. Read the message carefully and click Deposit to confirm the transaction.

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A notification appears confirming that your BTC were deposited from your wallet to Paxful secure escrow.
The deposited amount is shown on the Security deposit dashboard.

DepositDashboard.png

Note: You do not have to deposit BTC for each offer or payment method separately. Your deposit covers all offers.

Withdrawing security deposit

1. Login to your Paxful account. On the header bar, click Dashboards.

ClickDashboards.png

The Dashboard page appears.

Note: You can use both Vendor Dashboard and Classic Dashboard to manage your security deposit.

2. Above the My Offers list on the Security deposit dashboard, click Withdraw.

ClickWithdraw1.png

A confirmation window appears.

3. Read the message carefully and click Withdraw to confirm the transaction.

withdrawCorrected.png

A notification appears confirming that your BTC were transferred from Paxful secure escrow to your wallet.

Note:

  • You can withdraw your security deposit only seven days after your last trade. This includes successful and cancelled trades.

Flexible security deposit 

How can I know if I have flexible security deposit logic applied to my account?
You will receive a notification that your offer is deauthorized and requires a higher amount of security deposit to become active again. You will see a new deposit amount on your security deposit dashboard. 
SecuritydepositUpdated.png
I already have a trading history. Once activated, based on which information the new security deposit logic calculates the amount of my deposit?
The analysis of the trade activity starts after the feature is activated. Initially, the standard amount of 0.005 BTC is applied.
I am a user without a trading history. Based on which information the new security deposit logic calculates the amount of my deposit?
Initially, the standard amount of 0.005 BTC is applied.
How does the amount of security deposit change?
According to your trading activity, the amount of the security deposit may become higher 0.005 BTC.
How often does my security deposit amount gets updated?
Your security deposit amount is recalculated after each trade.
Do I have to upload a security deposit for each offer separately?

No. Your security deposit covers all of your offers at once. The security deposit is not per offer but per user.

 

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