To verify your account on Paxful, start by providing your personal information, verifying your phone number, and uploading a valid ID. Once these steps are completed, Paxful will review your information and notify you when your account is verified. Having a verified account allows you to transact with higher limits, access additional features, and build trust with other users on the platform. Remember to always keep your account information secure and be cautious of potential phishing scams.