Paxful Sign-up: Everything You Need to Know

If you’ve been looking for an online marketplace that allows sellers and buyers to trade Bitcoin online, Paxful might be a good solution for you. Read on to find out what Paxful is and how to sign up for an account.

What Is Paxful?

paxfulWith Paxful, Bitcoin is easier than ever for users to trade – the exchange supports a huge variety of payment methods. In fact, there are more than 300 ways to sell and buy crypto on Paxful; some of the most popular methods include e-wallets (Skrill and Neteller), Amazon, and iTunes gift cards, altcoins, bank transfers, and cash.

For a more detailed look at the service, read our Paxful Review. In it, you’ll learn more than just how to trade Bitcoin on Paxful. The guide goes into history, the fees and limits, supported countries, how to use Paxful’s main services, and more.

Pros and Cons of Using Paxful

As with any Bitcoin exchange platform, Paxful has its advantages and disadvantages. However, after thoroughly reviewing the service, we believe that the pros heavily outweigh the cons.


plus_sign_baxity_bitcoinFree: You don’t have to buy a Paxful account. You can enjoy your secure Bitcoin wallet absolutely for free!

plus_sign_baxity_bitcoinReputable: Paxful is used all over the world, with nearly 5,000,000 users and 2,000,000 wallets in existence.

plus_sign_baxity_bitcoinProfitable: Paxful charges no commission fees, thus increasing the profits that sellers get to keep.

plus_sign_baxity_bitcoinEscrow: Buyers and sellers are protected by Paxful’s built-in escrow. If the buyer doesn’t fulfill their part of the bargain, Paxful automatically negates the trade.


Paxful Sign-up: Everything You Need to KnowVerification: In order to unlock all trade limits, you must get verified. Some people may see this as a disadvantage because you need to verify your ID and address, and then Paxful will manually review your account (rather than it being automatic).

Paxful Sign-up: Everything You Need to KnowFraud: Sometimes, you interact with fraudulent traders on the platform. Thankfully, Paxful has a secure escrow, but if the trickster convinces you to trade off of the platform, then you lose Paxful’s protection.

How to Create a Paxful Account

If you are ready to make the step into cryptocurrency exchange, you’ll first need to make your Paxful account – so it’s a good thing that doing so is intuitive and simple. We’ll give you a step-by-step tutorial on creating an account, complete with screenshots.

Paxful-account-create-websiteOpen your browser and access the Paxful website. When the homepage loads, look towards the upper righthand part of the page and click the button that says, “Create Account.”


After that, the Create Your Account page will show up – looking like this:



You’ll need to input your email address and make a strong password – the latter must be 6+ characters long, and it must also contain a number, a special character, an uppercase character, and a lowercase character. After clicking the blue “Create Paxful Account” button, Paxful will send you an activation code on your email.







Open it up and enter 6-digit code on the Paxful website. You need to enter a code in 30 minutes, after that time it will be invalid. paxful-verify-email


Now your account is registered and ready to use. However, if you want to gain access to more features, then you should verify your account – read on to see the different verification levels.

Paxful Account Verification

Paxful account verification helps create trust between traders on the marketplace, and it can be done via KYC. There are four levels of verification:

Level 1: This level gives you a trading volume with a limit of $1,000. This, along with sending funds from your Paxful wallet, requires email and phone verification.

Level 2: With this level, the user’s trading volume limit is now increased to $10,000, plus they gain access to more trading methods. Furthermore, you’ll get the option to make offers of your own. To get to level 2, you’ll need to do ID verification. Note: If you live in Canada, the EU, or the U.S., you must have level 2 verification to make any trades and withdrawals of funds.

Level 3: You have the unlimited trading volume at this level, and you no longer need to have 0.02 BTC stored within your balance to make crypto offers publicly visible. To get to this level, you have to pass address verification.

Level 4: Enhanced Due Diligence or Customer Due Diligence additional verification methods are required at this level. Only high-volume corporate accounts gain access to level 4 – after which, the trading limit is increased to more than $50,000.

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


Is the Paxful wallet secure?

Yes, the Paxful wallet is highly secure to use, especially because of its escrow feature. As long as you don’t engage in any payments off of the platform, you are at no risk of losing your money. You can also protect your account by setting up 2FA. Google Authenticator and SMS confirmation codes are two methods for additional protection.

How can I deposit and take out funds in Paxful?

As we mentioned at the beginning of this article, there are over 300 methods of depositing and withdrawing funds with Paxful! Besides bank transfers, cash, and gift cards, there are also many e-wallets to choose from. We highly recommend using Skrill and Neteller – these are safe, reputable e-wallets that we can provide the best sign-up conditions for. For instance, with Skrill, we can get you speedier verification, a multicurrency account, and a reduced threshold to VIP Silver and Gold. With Neteller, we’ll help you get priority verification, an instantaneous VIP Bronze PRO status, and VIP Silver on special terms – among other benefits!

How do I contact Paxful customer service?

You can open a live chat with customer service; the button to do so is located at the bottom right corner of the site. Paxful’s customer support team is available 24/7, every day of the year. They also have a robust support page that contains answers to many common questions.


  1. for Level 2 account verificy I needs IDcard verification? i speak English not very deliciously N IDcard is no good. what do?

    1. Dear Arno, thank you for your question! Yes, for a successful pass of the 2 level of verification in Paxful, you will need to upload a photo of your passport or ID card, and then take a selfie. For a selfie, you don’t need any document, just your face. These conditions are mandatory for increasing the functionality of the wallet and its limits.

  2. can I buy anythings elses beside Bitcoin on Paxful? if not what do you recommends I use for other cryptocurrencyy?

        1. Libra is a fairly new cryptocurrency, so there are no special options for buying yet. Some crypto analysts advise rather buy equity in firms that can potentially own Libra Investment Tokens instead of purchasing Libra since Facebook is expecting growth in its list of contributors.

  3. Hello, My names are Ike and I from Egypt. I want to get e-wallet with Skrill or Neteller and get speedier verification like you mention. Please step by step so I do as you. Exercise patience with me. THX

    1. Dear Ike, thank you for your questions! To join Baxity and get benefits in Skrill and Neteller you need to create accounts in this payment systems via our special links.

      Here is the link for registration in Skrill:

      Link for registration in Neteller:

      Before registering Neteller/Skrill account, clear your cookies and browser cache, please.
      After signing up for an account via our link you will need to pass verification. Here you can find the detailed instructions:

      Verification will take less time than if you haven’t created account via our link.
      After verification process VIP statuses will be available for you on special terms. For more information, you can contact our support team in a live chat or leave a comment below.

        1. Ike, clearing the cookies and cache of your browser before starting registration is necessary for our affiliate link to work accurately. Since we cannot connect customers who have registered directly on the Skrill or Neteller website, this step is mandatory so that we can provide you with our loyalty program.

          Here is an instruction on how to do this in the Google Chrome browser –

  4. I did no receive the 6-digit code from Paxful site. I tried many times and nothing. Contacted them on mail and no reply till now. You can tell to me where to go? Sorry I don’t speak well English

    1. 55841gh, thank you for your comment! Please double-check that you have entered the correct information that you want to confirm with a code, whether it is an email address or a phone number. Also, you should always check the spam folder.

      With the help of their virtual assistant, you can issue a ticket, since their classic mail it no longer gives answers in the standard mode.

  5. I like Paxful and have been using them for a while now. I have a Neteller e-wallet. Is there any way I could get the benefits that Baxity is offering now? Can I get them with my existing e-wallet or do I have to create a new one?

  6. Hi, I am currently new to the paxful app. I have tried numerous times to scan my ID and it’s taking me quite sometime now, still hasn’t approved my ID.

    1. Hi, clarify, please, do you still face the same problem? And clarify, please, what problem do you have while scanning your ID?

Leave a Reply

Your email address will not be published.