Since 2015, Paxful has connected over 14 million users acrOSS 140+ countries as the world’s largest people-powered marketplace. We’re deeply grateful for your trust and support over the past decade.
After careful consideration, we have decided to wind down all operations by November 1, 2025. This strategic decision stems from the lasting impact of historic misconduct by former co-founders Ray Youssef and Artur Schaback prior to 2023, combined with unsustainable costs from compliance remediation efforts. This is not due to insolvency or issues with our current leadership. Your funds remain safe, and we are fully committed to supporting you through this transition.
What You Need To Know And Do
Effective immediately
No new user signups or trading activity will be permitted.
Marketplace and swap closure – October 15, 2025
Marketplace and swap features will shut down.
Please do not make any further blockchain deposits, as they may not be recoverable.
Withdrawals
We strongly urge you to withdraw your remaining balance as soon as possible.
Accounts with no active trades or disputes have already been moved to a restricted status.
By October 15, 2025, all accounts will be restricted. After that, only one final full-balance withdrawal will be permitted.
Mobile app discontinuation – October 31, 2025
Our iOS and Android apps will be decommissioned.
Withdrawals will remain accessible via paxful.com.
High withdrawal volumes expected
Due to expected demand, some delays in processing may occur.
Our robust security protocols remain in place to ensure your funds are protected.
If you have questions or need assistance, our support team is available 24/7 at