Paxful Launches Enhanced Account
Verification System for Traders
Paxful's peer-to-peer Bitcoin marketplace connects over 14 million users worldwide.
The platform launched in 2015 and has grown into a cryptocurrency trading powerhouse. Verified users enjoy trading limits up to $50,000, but the verification process takes 24 hours to 7 days. This waiting period leads some users to look for shortcuts.
Some traders feel tempted to purchase verified Paxful accounts as a quick fix. This approach seems convenient at first glance but carries serious risks that extend beyond lost time and money.
Let's take a closer look at the proper ways to get a verified Paxful account. This piece will help you understand the verification process and show why shortcuts could become your biggest mistake in crypto trading.
What Is Paxful and Why Verification Matters
Paxful is a borderless payments marketplace where people buy, sell, send, and receive cryptocurrencies directly with each other - even without bank accounts. Since 2015, this peer-to-peer (P2P) platform has handled over $5 billion in financial transactions.
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Understanding the Paxful Platform
Paxful works as a P2P cryptocurrency marketplace that connects users who want to trade directly. The platform is different from traditional exchanges because it removes intermediaries. You won't find order books, brokerages, or central authorities here.