: The company stated that the costs associated with remediation and compliance efforts became unsustainable. Background and Original Mission
: Through its #BuiltWithBitcoin initiative, the company worked to build schools and water wells in emerging markets, funded entirely by cryptocurrency. User Safety and Reputation paxful.com
: It functioned as a P2P platform where users could buy and sell Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) using over 300 payment methods , including bank transfers, gift cards, and digital wallets. : The company stated that the costs associated
Founded in 2015 by Ray Youssef and Artur Schaback, Paxful aimed to provide financial inclusion for the "unbanked". including bank transfers
: 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.