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.
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.
If you want to double-check whether the crypto has arrived in your Zengo wallet, launch the app and check the main balance page. If you are unsure whether the crypto has been sent or not, hit the ‘’History’’ button at the bottom of the screen to be presented with a complete overview of your recent transactions.
Zengo is by far the safest and most secure non-custodial cryptocurrency wallet app available on the market today. It utilizes biometric key phrases instead of traditional ones, and the intuitively designed app supports a broad range of cryptocurrencies, including but not limited to Bitcoin, Ethereum, Shiba Inu, and Dogecoin.
Zengo offers you next-level security and safeguards your cryptocurrency and NFT holdings with the latest biometric facial recognition 3-factor authentication software. Zengo enables you to simply log in with your facial ID through MPC technology instead of using complicated regular seed phrases or QR codes.
Zengo’s entirely non-custodial cryptocurrency wallet enables you to be in control of your own private keys. Additionally, you can choose to buy additional cryptocurrencies with fiat currencies with Zengo’s fiat onramp services. Simply buy Bitcoin, Ethereum, and other digital assets any time you want with Zengo.
Zengo goes the extra mile when it comes to customer service. We provide 100% real human customer support, available 24/7, all year round. Simply contact the support via live chat whenever you have a question, and one of our friendly and professional support staff members will assist you as soon as possible.
Zengo enables you to both send and receive cryptocurrencies from and to other third-party wallets. To send digital assets, hit the ‘’Actions’’ button situated in the main menu, followed by the cryptocurrency you want to send. Next, you paste the receiving address and confirm the transaction to send your crypto to the other wallet.
To withdraw cryptocurrencies to fiat using Zengo, hit the ‘’Actions’’ button within the app, followed by the ‘’Sell’’ button. Once you’ve done this, you determine how much of the desired cryptocurrency you want to sell. After having confirmed the sale, your digital assets will be swapped for fiat currencies like euros, pounds, or United States dollars. You can now withdraw these fiat currencies to the bank account connected to your Zengo wallet account.
You can find more information about crypto withdrawals from Paxful in the frequently asked questions section below.
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.
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 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 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.
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.
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.
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.
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