How Do I Use Paxful Earn?

What is Paxful Earn

Paxful’s Earn feature is an exciting and simple way to gain more from the cryptocurrency you store in your wallet. With Earn, you can add crypto to your Earn Wallet, and in return, you’ll receive interest every week. 

You can also use the built-in interest calculator to see how much you’ll earn with every cryptocurrency deposit you make. The interest you accrue on Earn will automatically be added to your wallet every Tuesday, and you’ll receive a notification once the interest has been added to your account.

Keep in mind that our interest rates may change from week to week. You can find the current interest rate in the Deposit section of your Earn Wallet.

Note:

Right now, only Nigerian ID-verified users can use Paxful Earn. However, we’re hoping to open this up to other users soon. Stay tuned for updates

What Forms of ID Are Accepted for Verification
Accepted IDs include driving licenses, passports, and national IDs.
How do I Verify My ID to Use Earn

You need to verify your ID in order to use Earn. Follow the steps below for a step-by-step guide.

    1. Head over to the Wallet section of your Paxful account.
      Earn_KB_KYC_Step_1_-_Home_page.png
    2. At the top of the page, click Earn (next to Balance and Transactions).
      Earn_KYC_KB_Step_2_-_Wallet_page.png
    3. The window below will pop up and welcome you to Earn.
      Earn_KYC_KB_Step_3.png
    4. Once you hit Get Started, the next screen will ask you to fill out your information.
      Earn_KYC_KB_Step_4.png
    5. On the next screen, you will be asked to upload your document to verify your address and identity.
      Earn_KYC_KB_Step_5.png

Note:

Images of your documents should be in JPG, JPEG, or PNG format and are colorized. We do not accept black and white images. Also please ensure that all text is legible and that your entire ID is in the photo. See the example below for reference:
Earn_KYC_KB_Step_5_note.png

6. Another window will pop up to confirm your information. Once you’ve filled that out, click Submit.

Earn_KYC_KB_Step_4_-_Review.png

7. Once you submit your materials, you will see the screen below letting you know you have completed your verification process.
Earn_KYC_KB_Step_5_-_Confirmation.png

Note: 

If you fail verification, you will be notified and will see a small pop-up window as shown below.Earn_KYC_KB_Step_5_-_Rejected.png

How Do I Use Earn?
  1. Head over to the Wallet section of your Paxful account.
    Earn_KB_KYC_Step_1_-_Home_page.png
  2. At the top of the page, click Earn (next to Balance and Transactions).
    Earn_KYC_KB_Step_2_-_Wallet_page.png

    Your Earn page will look something like this:
    How_to_Use_Earn_-_Earn_Page.png
  3. On the left side, you’ll see a menu with the total amount of crypto you have in your Earn Wallet, the amount of interest you’ve earned, and next week’s interest payout.
    How_to_Use_Earn_-_Payout_Screen.png
  4. On the right side, you’ll see the built-in interest calculator. Here you can visualize how much interest you can earn with a specific deposit amount.
    How_to_Use_Earn_-_Interest_Calculator.png
  5. Input the amount you want to deposit into your wallet, and then click Review and Deposit.

    Note:

    Every deposit has a minimum requirement of 25 USD

  6. Once you deposit your funds, you’ll see the message below, and your funds will eventually be reflected in the left side menu.How_to_Use_Earn_-_Final_Screen.png

    That’s it! You’ll now gain interest on your deposit. 

How Do I Withdraw Funds from my Earn Wallet

To withdraw your crypto from your Earn Wallet and move it back to your Paxful Wallet, follow the steps below: 

  1. Go to your Earn page.
    How_to_Use_Earn_-_Earn_Page.png
  2. Click on the Withdraw button at the bottom of the left side menu.
    How_to_Use_Earn_-_Payout_Screen.png
  3. You’ll then see a pop-up message that will ask you to enter the amount you would like to withdraw. Review and confirm your withdrawal by clicking on the bottom blue button.
    Earn_-_How_to_Withdraw_Funds_-_Withdraw_Amount.png

    Note:

    There is a minimum withdrawal requirement of 25 USD.

  4. You’ll receive a notification once the withdrawal is complete and you’ll see the withdrawal reflected in your transaction history. Keep in mind that withdrawals and deposits are not instant and can take up to an hour to process. Earn_-_How_to_Withdraw_-_Transactions_list.png

You’re all done! You have successfully withdrawn from your Earn Wallet.

 

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