How to Withdraw Crypto From Paxful

Q: Paxful Withdrawal Limits Explained

Paxful has four different levels of verification , with withdrawal limits increasing as you progress through the various KYC stages. At level 0, you can withdraw nothing, whilst after verifying your phone, your limit is set as $1,000. Once you have verified your email and identity as well, this limit gets increased to $10,000. After verifying your address, your limit gets lifted, and your maximum withdrawal amount becomes unlimited.

Q: How Long Does It Take To Withdraw From Paxful?

Paxful withdrawals may take up to 24 hours to process . Luckily, Paxful lets you know when withdrawal requests are processed. It is also possible to check the status of your transfer by hitting on the “Transactions” button located within Paxful’s UI to get a momentary update.

Q: How to Withdraw Crypto to Fiat on Paxful?

To withdraw crypto to fiat on Paxful , log in to your account and head over to your Paxful wallet. Here, you tap the ‘“Transfer to Bank’’ button. You will see the current conversion rate and associated fees before you confirm your transaction. Once you agree, simply hit ‘’Send’’ and the transaction will take place. Alternatively, you could withdraw your crypto from Paxful to Zengo and decide to sell it for fiat at a later stage.

Maybe you have made a decent profit with your cryptocurrency investments, or you simply want to take matters into your own hands with a non-custodial crypto wallet. Whatever the reason may be, sooner or later, you will have to withdraw your digital assets from Paxful to a safer and more secure cryptocurrency wallet to sell them for fiat in the future. In this how-to withdraw crypto from Paxful guide, we will guide you step-by-step through the process of withdrawing Bitcoin, Ethereum, and other digital assets from your Paxful account to your Zengo wallet so that you don’t make costly mistakes and can rest assured that your cryptocurrency holdings are stored in a safe and secure crypto wallet.

How to Withdraw Crypto From Paxful to Zengo - Step-by-Step Guide

Withdrawing crypto from Paxful to Zengo is very easy and completely effortless. However, the first time it might be a daunting process. For this reason, we decided to guide you through this process and explain exactly how to withdraw your crypto from Paxful to Zengo. Before we get started withdrawing crypto from Paxful, you have to make sure that you have set up your Zengo wallet correctly. Zengo is a next-generation non-custodial crypto wallet that makes use of the latest MPC technology to protect your digital asset holdings. Zengo is more secure and reliable than any other hardware wallet and way safer than centralized cryptocurrency exchanges because of its built-in Web3 firewall, seedless keyphrases, and account recovery system that works with biometric facial recognition software.

Once you’ve set up your Zengo cryptocurrency wallet and finished the onboarding process, you’re ready to withdraw your crypto from Paxful. To do this without making any mistakes, simply follow the steps below.

Log in to your Paxful account and click on the ‘’Wallet’’ button.
Search for the cryptocurrency you want to withdraw under ‘’Assets’’ and tap ‘’Send.’’
Enter the receiving address into the ‘’Send To’’ field and specify the amount you want to send. You can view your receiving address in your Zengo wallet by tapping on the desired asset.
Double-check the receiver’s address and enter your 2FA one-time password into the ‘’2FA Code’’ field. Tap ‘’Send’’ when all details are entered correctly.
Your crypto will now be sent to your Zengo wallet.

How to See if Your Funds Have Arrived in the Zengo App?

Checking whether your funds have arrived in the Zengo app is very simple and straightforward. Simply open the app, log in with facial recognition, and check the main balance page. If you want to see an overview or more details about certain transactions, simply open the history tab by tapping on the ‘’History’’ button on the lower right corner of your screen.

Keep Your Crypto Safe and Secure With Zengo

Zengo is a must-have crypto wallet for those seeking a secure non-custodial wallet on which to store cryptocurrencies and NFTs as well as access DeFi trading and staking platforms.

The Next Generation of Crypto Wallet Security

Zengo is one of the safest and most secure crypto wallets available to retail users today. The wallet app utilizes state-of-the-art MPC technology, three-factor authentication with biometric login and transaction confirmation for an extra layer of security. With Zengo, you don’t need to remember any difficult seed phrases as your face is used to generate a truly unique and secure seed to access your digital assets!

Not Your Keys, Not Your Coins & Fiat Onramp

With Zengo’s non-custodial wallet, you are in complete control of your own private keys without having to worry about security or losing access to your funds. Furthermore, our fiat on-ramp service allows you to easily diversify and grow your crypto portfolio by purchasing your crypto of choice with fiat currency. Aside from that, you can also take part in our savings program.

24/7 Real Human Customer Support

If you ever need any assistance with your Zengo wallet, you can contact our real human customer support staff at any time, even on weekends and holidays. Alternatively, you can check out our Help page to see if your question has already been answered.

How to Withdraw From Zengo’s Wallet

With Zengo, you can easily send crypto to other wallets or ‘’cash out’’ to fiat whenever you want. To send crypto to other wallets, tap on the ‘’Actions’’ button located in the main menu followed by ‘’Send’’. Now, simply fill in the amount of crypto you want to send, paste the receiving address or scan the QR code, and verify the transaction.

Rather cash out your crypto earnings to fiat? No problem! Simply tap on the ‘’Actions’’ button, and then on the ‘’Sell’’ button. As of writing this guide, you can sell your digital assets for Euros, British Pounds, and/or United States Dollars.

Note that you have to connect your bank account to your Zengo wallet prior to requesting a fiat withdrawal and that it may take a few days for your funds to arrive.

FAQ's: Additional Information on How to Withdraw Money From Crypto.com

What is Paxful?

Paxful is a peer-to-peer trading platform where users can buy, sell, and trade cryptocurrencies. It was founded in 2015 by Ray Youssef and Arthur Schaback and offers a wide range of payment solutions that are not available on centralized cryptocurrency exchanges. The most important aspect of Paxful is that it is completely peer-to-peer, meaning that there is no middleman and that you directly trade Bitcoin and other cryptocurrencies with people all over the world.

Paxful Vs. Zengo Comparison: What Are The Main Differences?

The main difference between Paxful and Zengo is that Zengo is a non-custodial cryptocurrency wallet app that additionally acts as a gateway to Web3, NFT marketplaces, Metaverse gaming, and decentralized finance, whilst Paxful only allows users to trade cryptocurrencies peer-to-peer with each other.

Paxful Withdrawal Fees Explained

Paxful charges no fees at all when you buy or receive cryptocurrencies. Withdrawing crypto comes with dynamic fees of up to 1% of the total amount of coins withdrawn.

Paxful Withdrawal Limits Explained

Paxful has four different levels of verification, with withdrawal limits increasing as you progress through the various KYC stages. At level 0, you can withdraw nothing, whilst after verifying your phone, your limit is set as $1,000. Once you have verified your email and identity as well, this limit gets increased to $10,000. After verifying your address, your limit gets lifted, and your maximum withdrawal amount becomes unlimited.

How Long Does It Take To Withdraw From Paxful?

Paxful withdrawals may take up to 24 hours to process. Luckily, Paxful lets you know when withdrawal requests are processed. It is also possible to check the status of your transfer by hitting on the “Transactions” button located within Paxful’s UI to get a momentary update.

Problems That Can Occur Regarding Crypto Withdrawal From Paxful

The most common problems that can occur whilst withdrawing crypto from Paxful are that you accidentally enter the wrong receiving address, blockchain network, memo, or tag. For this reason, we always recommend double-checking whether you have filled in the right details. Additionally, sometimes withdrawals can take longer than the promised 24 hours. In this case, we recommend contacting Paxful support to find out why your transaction is taking longer than usual. As there are many reasons why your Paxful account can be suspended, locked, frozen, on hold, banned, or limited that can influence crypto withdrawals from the site, we suggest carefully checking the conditions that caused it, which should be emailed to you from Paxful by their support team.

How to Withdraw Crypto to Fiat on Paxful?

To withdraw crypto to fiat on Paxful, log in to your account and head over to your Paxful wallet. Here, you tap the ‘“Transfer to Bank’’ button. You will see the current conversion rate and associated fees before you confirm your transaction. Once you agree, simply hit ‘’Send’’ and the transaction will take place. Alternatively, you could withdraw your crypto from Paxful to Zengo and decide to sell it for fiat at a later stage.

Disclaimer: The information provided herein is for educational purposes only. Zengo does not provide any investment or financial advice whatsoever. As with any financial or investment decision, conduct your own research and due diligence to properly evaluate the benefits and risks of any investment or financial transaction and seek the advice and guidance of qualified financial professionals, in connection with any investment or financial transaction.