Verification keeps the marketplace safe for everyone. Here is what each level unlocks on Peerlyx.
Level 1: verified email
As soon as you verify your email you can trade up to US$500 in total. That counts open and completed trades; cancelled trades give the allowance back.
Level 2: phone, ID and selfie
Verify your phone number, then a government ID and a selfie. Level 2:
- removes the lifetime trading limit
- lets you post buy offers, and sell offers with no limit
- adds the ID verified achievement to your public profile, which many traders look for
Level 3: address
Level 3 adds proof of address, the highest level on Peerlyx.
How to verify
Go to Account settings › Identity verification and follow the steps. The ID and selfie check is done by our verification partner and usually takes a few minutes.
Pass on the first try
- Use the original document, not a photocopy or a screenshot.
- Show all four corners, with the text sharp and no glare.
- Take the selfie in good light, without a hat or sunglasses.
- Make sure the name matches the name on your Peerlyx account.
If your documents need another try, you’ll get an email with tips, and your account keeps its current level meanwhile.
Why verification matters
Verification protects traders on both sides. It makes it harder for people to hide behind fake accounts, it helps prevent payments from stolen accounts, and it lets traders choose partners who have proved who they are. Your documents are checked by our verification partner, and only the result is shown on your profile.
What other traders see
Your public profile shows your verification achievements, your trades and your feedback, but never your documents, phone number or address. Some traders only accept verified buyers, so verifying can open more offers to you.
Common questions
- Do I need to verify to buy small amounts? No. A verified email lets you trade up to US$500 in total.
- Does verification change my price? No. Prices are set by each offer.
- Can I verify on my phone? Yes. The ID and selfie steps work best on a phone camera.
Don’t forget 2FA
Two-factor authentication is required before you can start trades or post offers. See how to set up 2FA.