Table of Contents
- 1 What is a verified Paxful account?
- 2 What are the benefits of a verified Paxful account?
- 3 How to get a verified Paxful account?
- 4 What are the downsides of using a verified Paxful account?
- 5 Features of verified Paxful account
- 6 Buy verified Paxful account
- 7 Below are the steps for buying bitcoins through Paxful:
- 8 Conclusion:
What is a verified Paxful account?
A verified Paxful account is a type of account on the Paxful site. It might be necessary to provide more information about this type of account. This account type is used by many people on the Paxful platform. The need for an account of this kind may be explained verbally or more likely in writing.
What are the benefits of a verified Paxful account?
A verified Paxful account has some benefits that are not available to unverified accounts on the site. These benefits include:
1- Purchase limit of $50,000 per month.
2- Ability to purchase large quantities of bitcoins without delays and limits.
3- Skip the SMS step when purchasing bitcoins in order to speed up the process.
4- Avoid having a chat with an agent and avoid identity verification and purchase at high volumes.
5- It is possible to change the phone number associated with your account.
6- Ability to withdraw directly from their Paxful wallet.
7- Ability to transfer funds without having a phone number on the account; only email addresses and social media accounts are needed for this purpose.
8- Access to advanced features such as buying bitcoins with gift cards, selling bitcoins by bank transfer, selling bitcoins in person, and buying bitcoins with cash.
9- Ability to provide bank account information during the purchase process to speed up the verification time when using this feature. 10- If your Paxful wallet is compromised or stolen for some reason, you can recover it if you have a verified Paxful account.
How to get a verified Paxful account?
The first step is to register on the site. During this process, you will be required to provide your name, email address, and phone number. Then you must pass the SMS authentication stage, which means that the system sends a code in order for you to confirm ownership of your mobile device.
After this, you will need to provide some more information in order to complete the verification process. This includes your full name, date of birth, address, and proof of identity. The final step is easy for many users on the site because it can be completed by uploading a scanned copy of an official identification document such as a passport or driving license.
If you upload a copy of your passport you do not need to provide further information. However, if the copy is not clear enough it may be necessary to provide more information in order for the account verification process to be completed.
What are the downsides of using a verified Paxful account?
Even though there are some benefits associated with a verified Paxful account, there are also disadvantages. Some of these disadvantages include:
1- A limit of $3,000 per week is imposed on the withdrawals that can be made from an unverified Paxful wallet to a verified Paxful wallet. This limit does not apply if you transfer your money using bank information.
2- Transferring money between unverified Paxful wallets is impossible.
3- Buying bitcoins in high volumes with a verified Paxful account can be problematic. This type of account may not be suitable for professional traders who need to buy large amounts of bitcoins on a regular basis. 4- A higher level of trust is required because the system has more information about you when compared to unverified accounts. 5- A limit of $1,000 may be imposed when buying bitcoins in person with a verified Paxful account.
Features of verified Paxful account
There are some features about verified Paxful accounts such as -Your Paxful account can be funded via other verified Paxful accounts, bank transfer or card. -You can also create additional verified Paxful wallets which are parent-child wallets to your master wallet. Your master wallet is the primary source of all transactions for any child wallets it has registered.
-The user registration process on Paxful is very simple. All it takes is entering an email address and password. A verified Paxful account has many benefits for its users, so you should have one if possible.
Buy verified Paxful account
As mentioned, there are some benefits associated with verified Paxful accounts. For example, you can buy bitcoins without having to leave your home by using the website’s ‘Buy Bitcoins With Gift Card’ option. As you can see, there are many advantages of having a verified Paxful account.
If you already have a verified Paxful account, it’s time to make your first purchase. If you are new to Paxful, please follow the next steps to buy bitcoins with ease:
1- First of all, sign up for a free Paxful account. You can do this by scrolling down on the site’s homepage.
2- Like on most websites, you will be required to enter your email address and password. Once your account is created, you must confirm your email address before proceeding any further. This can be done by clicking the link that was sent to the email address you provided earlier.
3- On the next page, you will see a list of payment methods. Choose the method that you prefer from all the options available to Paxful users.
4- You can now visit Paxful’s ‘Buy Bitcoins With Gift Card’ section. Here, you will be able to select the number of bitcoins you want to purchase and your preferred payment method. Once you have chosen a payment method, you will be required to enter the store or online store name and card number. You must also include your email address in the designated field at the bottom of this section for payment confirmation purposes.
5- Before clicking the ‘I agree to T&C’ button, click on the red button that says ‘Go To Store Now’. This will take you to the store or online store where your gift card is being sold.
6- On the next page, simply enter the number of bitcoins you want to buy. Make sure that you are not buying too much because there may be additional fees for buying in bulk.
7- At the end, click on ‘Pay Now and follow the instructions to complete your purchase.
8-You will be required to confirm the transaction by entering the code that was sent to your email address. You should receive this code within a few minutes after you make your first payment.
9- Once you have verified your account, go back to Paxful’s ‘Buy Bitcoins With Gift Card’ section and select ‘pick up my bitcoins’.
10- You can click on the redeem button or enter your wallet address in the designated place to confirm that you own this bitcoin address. If you need another address, just create a new one.
11- The next page will display all transaction details such as amount, payment method, etc. If this is the first time you have used your newly created bitcoin address, the next page will show a message asking you to wait for 2 or more confirmations before you can spend your bitcoins.
12- After a few minutes, all transaction details should be completed and verified by miners. You can now click on ‘I have paid’ button.
13- After clicking this button, you will receive two emails; the first email is the receipt of your transaction and the second email is a confirmation that your bitcoins are ready to be spent.
14- You can now send these bitcoins to anyone or any wallet address by hitting ‘Send/Request’.
15- You can easily track your transactions by clicking on ‘View Order’ after hitting the send/request button.
16- Congratulations! You have successfully bought bitcoins with Paxful and sold them for cash.
Paxful is one of the most popular peer-to-peer bitcoin marketplaces that allow users from all over the world to buy bitcoins in a direct way from other bitcoin holders. Paxful has been one of the best bitcoin marketplaces to buy bitcoins for a long time now because of its outstanding services and high-security standards.
Paxful also offers a wide variety of payment methods such as credit/debit cards, gift cards, Walmart2Walmart money transfer, etc. Paxful has recently introduced an in-house bitcoin wallet that allows users to pay directly with their preferred payment method instead of using any 3rd party wallets.
Below are the steps for buying bitcoins through Paxful:
1- Go to paxful.com.
2- Click on the register in the upper right corner of the page to create your account. Make sure that you are not using the same username as your email address to create a new account.
3- Enter all your information on the ‘Create Your Account page and click on the ‘Register Now’ button to proceed. After submitting this form, you will be redirected to the next page where you have an option of designating a Bitcoin wallet address before you complete your account registration.
4- Now click on the ‘wallet’ option in the top menu bar. This will take you to the page where you can find the bitcoin wallet address that suits your requirement.
5- You have an option of using multiple payment methods at Paxful so you must enter your email address in order to complete your account registration. Click on the ‘Get a Free Wallet’ button and confirm your email address to continue with the process.
6- Your next step is to set a strong password for your Paxful account by entering a new password in the designated space. You can also re-enter this password to confirm it.
7- After confirming the password, you will have to wait for a few minutes as the system generates a unique wallet address. You should also see an option of ‘creating your password hint’ so make sure that you set a strong password and keep this hint safe.
8- Once your Paxful account is created, go back to paxful.com. Now click on the ‘deposit’ option in the top menu bar.
9- Select your preferred payment method from the list according to your location. The next page will display all available offers for that payment method. You can buy bitcoin for cash or sell bitcoins directly to another user using PayPal, credit/debit cards, etc.
10- Once you have selected your preferred payment method, you have to enter the number of bitcoins that you want to buy.
11- After selecting your preferred payment method, click on the ‘view order details’ button. Next, follow the instructions given on the page and make the payment accordingly.
12- Once your payment is confirmed, all transaction details will be displayed on your screen. You can also go back to the previous page to track your order.
13- Finally, after receiving your bitcoins, you have to turn on the ‘auto seeker’ option so that Paxful selects the best offers available for you. Hit the ‘buy bitcoins’ button and then click on ‘pay with available offers’. Once this step is completed, wait for a few minutes as the system automatically selects the best offers available.
14- Once your order is processed, you will receive notification about successful transactions. If necessary, you can click on the ‘view offer details’ button to track your current orders.
15- Congratulations! You have successfully bought bitcoins with Paxful and sold them for cash. All transaction history will be available on the transactions page.
All in all, a verified Paxful account is good for you. This account has many benefits such as buying bitcoins without leaving your home and high security.
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Verified Paxful Account
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