Paxful.com Apr 2026

As of , Paxful wound down all core marketplace activities. The site remains accessible for a Limited Service only: allowing existing users to withdraw their remaining digital assets. No new accounts, trades, or transactions are permitted. The company cited several factors for its closure:

: It functioned as a P2P platform where users could buy and sell Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) using over 300 payment methods , including bank transfers, gift cards, and digital wallets. paxful.com

While popular, the platform faced significant criticism throughout its lifespan: As of , Paxful wound down all core marketplace activities

Founded in 2015 by Ray Youssef and Artur Schaback, Paxful aimed to provide financial inclusion for the "unbanked". including bank transfers

: Management referenced the "impact of historic misconduct" by former co-founders prior to 2023.