Paxful Review
363
Review
Fast Facts
Contact Info and Support
Traffic information
| Category | Metrics | Meaning |
|---|---|---|
| Ratings | Global Rank | 415245 |
| Country Code | US | |
| Country Rank | 246308 | |
| Category Rank | 165 | |
| Engagement metrics | Visits | 73412 |
| Bounce Rate | 0.3898 | |
| Pageviews per Visit | 3.35 | |
| Avg. Visit Duration | 27.71 | |
| Estimated monthly visits | April 2026 | 98367 |
| May 2026 | 113986 | |
| June 2026 | 73412 | |
| Top countries | United States (US) | 20.49% |
| Nigeria (NG) | 7.52% | |
| India (IN) | 6.43% | |
| Morocco (MA) | 4.73% | |
| Netherlands (NL) | 4.54% | |
| Traffic sources | Direct | 32.17% |
| Referrals | 3.48% | |
| 2.4% | ||
| Social | - | |
| Paid Referrals | - | |
| Search | - | |
| Top keywords | paxful | 11260 ◦ $2.36 ◦ $13280 |
| paxfull | 290 ◦ $6.94 ◦ $260 | |
| paxful p2p | 180 ◦ $4.42 ◦ $110 | |
| paxfu | 60 ◦ $110 | |
| paxfuk | 60 ◦ $110 |
About Paxful
Paxful, Inc. and Paxful USA, Inc., incorporated in Delaware, operated an internet-based peer-to-peer marketplace facilitating the purchase, sale, and storage of digital assets, including bitcoin in exchange for fiat, prepaid or gift cards, and other instruments. The firm was registered as a Money Services Business (MSB) with the U.S. Treasury’s FinCEN, although registration lapsed for 974 days between January 2017 and September 2019—during that period the company still conducted money transmission activities. FinCEN found extensive deficiencies in the company’s AML program, including a lack of a compliance officer until 2018, absence of employee training before 2019, no SAR filings for more than four years, and ineffective KYC, transaction monitoring, and geofencing controls. The firm pleaded guilty to three criminal counts including operating an unlicensed money transmitting business, BSA/AML violations, and violating the Travel Act, agreeing to a $4 million criminal penalty and a $3.5 million civil penalty under a FinCEN consent order. As part of the resolution, Paxful ceased operations and offered only withdrawal of remaining digital assets, winding down its service by November 1, 2025.
In addition, the Texas Department of Banking issued a consent order effective January 14, 2023, stating that Paxful USA, Inc. had provided money transmission services in Texas without holding a valid license under Texas Finance Code Chapter 151. The company ceased unlicensed transmission activities and paid a $16,350 administrative penalty.
Based on confirmed documentation from regulatory and legal authorities, Paxful had no active regulatory licenses, offered P2P crypto-to-fiat or gift-card trading, did not publish account types, minimum deposits, spreads, leverage, base currencies, swap-free options, hedging/scalping or EA rules, platforms, or domains post-wind-down. No verified data has been found regarding those operational details.
Who it’s for
- Paxful previously served users seeking peer-to-peer cryptocurrency exchange capabilities via gift cards and fiat—but only until service wind-down.
- Clients with remaining digital assets after wind-down were able to withdraw funds externally, provided identity verification and compliance.
Pros and cons
Pros
- Enabled users to withdraw digital assets during wind-down phase following operational cessation.
Cons
- No active licensing or regulatory compliance; significant enforcement actions including criminal guilty plea and penalties.
- Substantial AML and KYC compliance failures contributing to platform misuse for illicit activities.
- Operations fully ceased by November 1, 2025, with only withdrawals permitted.
