Paxful.com (Must Try)

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

: Paxful was fined $3.5 million by FinCEN in December 2025 for "facilitating money laundering" and failing to maintain proper Anti-Money Laundering (AML) protocols. paxful.com

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: Founded in 2015 by Ray Youssef and Artur

Paxful was once a prominent global peer-to-peer (P2P) cryptocurrency marketplace, but it has officially . Closure and Status The site remains accessible for a Limited Service

: Through its #BuiltWithBitcoin initiative, the company worked to build schools and water wells in emerging markets, funded entirely by cryptocurrency. User Safety and Reputation

While popular, the platform faced significant criticism throughout its lifespan: