What are the fees and limits associated with trading cryptocurrencies on Paxful?

3 answers

• Feb 18, 2022 · 3 years ago
  When trading cryptocurrencies on Paxful, there are fees associated with each transaction. The fees vary depending on the type of trade you are making. For example, if you are buying Bitcoin using a bank transfer, the fee is 1% of the transaction amount. However, if you are selling Bitcoin for cash, the fee is 0%. It's important to note that the fees are deducted from the amount you receive or send, so you need to take that into account when calculating your profits or expenses.
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• Feb 18, 2022 · 3 years ago
  Trading cryptocurrencies on Paxful also comes with certain limits. These limits are in place to prevent fraud and ensure the security of the platform. The limits vary depending on your account verification level. For unverified accounts, there is a limit of $1,500 per trade and $10,000 per month. For verified accounts, the limits are higher, with a maximum of $10,000 per trade and $50,000 per month. It's worth noting that these limits can be increased by contacting Paxful's support team and providing additional verification documents.
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• Feb 18, 2022 · 3 years ago
  As an expert in the cryptocurrency industry, I can tell you that trading fees and limits are common in most cryptocurrency exchanges. Paxful is no exception. However, it's important to consider these fees and limits as part of the overall trading experience. While they may seem like an inconvenience, they are in place to protect both buyers and sellers from potential scams and fraud. So, don't let the fees and limits discourage you from trading on Paxful. It's still a reliable and convenient platform for buying and selling cryptocurrencies.
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