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:
- Requires email and phone verification. Increases security level of the account, provides access to a higher amount of offers, creates a higher level of trust. Trading volume limit is up to $1,500.
- Requires ID verification. Increases trading volume limits, provides access to additional trading methods such as Bank Transfer. Is necessary to create offers to Buy bitcoins. Trading volume limit is up to $10,000.
- Requires Address verification. Increases trading volume limits, provides access to additional trading methods such as Bank Transfer. Trading volume can be $10,000 and higher.
- Requires additional verifications such as EDD (Enhanced Due Diligence) or CDD (Customer Due Diligence). Increases trading volume limits. May be requested for significantly high volume institutional/corporate accounts.
Please check our Blog for more information.