How do I become a Power Trader?

How do I become a Power Trader on Paxful?

You might’ve seen a few users rocking the Power Trader badge. This badge is given out to users who meet our good standing criteria and pass our additional verification check.

What are the requirements?

  • You need to complete ID verification.
  • You need to complete address verification.
  • You need to have at least 500 total successful trades.
  • You need to have at least 200 trade partners.
  • You need to be trading during the period of the last year.
  • Your account can’t have any marketplace warnings.
  • Your account can’t violate any of our Terms of Service.
  • Your account can’t be in a banned, frozen, or suspended state.
  • Your account needs to be at least one year old on the date you submit your application.

It sounds like a lot is required, but in practice, all you have to do is maintain a good status on Paxful and keep it positive. The health of the marketplace is something we take very seriously.

What are the benefits of becoming a Power Trader?

  • The Marketplace will see you as a trustworthy vendor.
  • You will not be required to do a security deposit if you create a Gift Card offer.
  • Possibility to submit a report at any time during the trade (as a seller of cryptocurrency).
  • Higher margin limits for payment methods (see table below).
Payment Group Regular Margin Limits Power Trader Margin Limits
Gift Cards 80% 500%
Cash 30% 100%
Online Wallets 50% 100%
Debit Cards 50% 100%
Digital Currencies 10% 100%
Bank Transfers 40% 100%


Okay, so I meet the requirements, what are the next steps?
 

  • Contact Support and let us know you meet the minimum requirements for the Power Trader badge.
  • We will review your account. If you meet the requirements, you’ll need to submit additional verification. Once we receive the additional verification and approve it, you’re good to go!

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