Founded in 2015 by Ray Youssef and Artur Schaback, Paxful's mission is to provide financial inclusion for the unbanked and underbanked worldwide through peer-to-peer finance. The platform operates as a marketplace where users can buy and sell cryptocurrencies directly with each other using over 350 different payment methods, including bank transfers, online wallets, and gift cards. Paxful acts as an intermediary, securing transactions with an escrow service. In April 2023, the company suspended its marketplace operations due to internal disputes and regulatory challenges, but it officially relaunched in May 2023 under new leadership.

Founded in

United States