Paxful

A former global peer-to-peer cryptocurrency marketplace with a large African user base.

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About Paxful

Paxful was a peer-to-peer marketplace founded in 2015 by Ray Youssef and Artur Schaback. It connected buyers and sellers of cryptocurrency using varied payment methods and operated extensively in African markets alongside its global business. Trading and other commercial account services ended on 1 November 2025, while withdrawal support remained for wind-down.

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Frequently asked about Paxful

Where is Paxful based and when was it founded?
Paxful is headquartered in Panama City, Panama and was founded in 2015.
What sector is Paxful in?
Paxful operates in Cryptocurrency and Blockchain.