🚨 PAXFUL HAS PERMANENTLY SHUT DOWN — DO NOT USE. Paxful, a peer-to-peer Bitcoin marketplace, permanently shut down all operations on October 31, 2025. The company announced the closure on October 1, 2025, citing the lingering impact of co-founders’ misconduct and high compliance costs. Withdrawals were supported during the wind-down period. The platform is now fully offline. Do not attempt to deposit or trade.
Paxful — What Happened
Paxful was a peer-to-peer Bitcoin marketplace founded in 2015, known for serving unbanked populations globally. It first suspended services in April 2023 amid co-founder disputes and regulatory pressure, briefly reopened in May 2023, then permanently wound down by November 2025. The final shutdown announcement cited the lasting impact of misconduct by former co-founders and unsustainable compliance costs. The platform completed a managed wind-down with withdrawal support through October 31, 2025.
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