Why verify my account?

We all want to live and do business in a safe and trustworthy environment. Additional verification helps to create high-quality partnership both between Paxful and our users and amongst traders on our marketplace. This becomes possible by means of KYC. Overall, there are 4 verification levels. All of them bring benefits to Paxful users:

Level 1

  • Requires email verification.
  • Requires phone verification.
  • Increases the security level of your account.
  • Provides access to a higher amount of offers.
  • Creates a higher level of trust, positively affects your reputation.
  • The trading volume limit is up to $1,500.

Level 2

  • Requires ID verification.
  • Increases trading volume limits.
  • Provides access to additional trading methods such as Bank Transfer.
  • Provides the opportunity to create your own offers.
  • The trading volume limit is up to $10,000.

Level 3

  • Requires address verification.
  • Increases trading volume limits.
  • Removes the need to have 0.02 BTC on balance to make your offers to buy bitcoin visible on the public listing.
  • Trading volume can be $10,000 and higher.

Note: For users from the United States all three levels are mandatory.

Level 4

  • Requires additional verifications such as EDD (Enhanced Due Diligence) or CDD (Customer Due Diligence).
  • Increases trading lifetime volume limits.
  • May be acquired only for significantly high volume corporate accounts.
  • Trading volume can be $50,000 and higher.

And the last, but not the least important thing. If for some reason you will lose access to your account, it will make it easier to restore it.

Please check our Blog for more information.

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