Paxful is a peer-to-peer cryptocurrency marketplace that allows users to buy and sell Bitcoin using hundreds of payment methods, including bank transfers, gift cards, online wallets, and cash. Founded in 2015 by Ray Youssef and Artur Schaback, Paxful grew into one of the largest P2P crypto platforms with millions of users, particularly popular in Africa and emerging markets.

Paxful's escrow system holds Bitcoin during trades and releases it once the seller confirms receipt of payment, providing security for both parties in peer-to-peer transactions. The platform supports over 350 payment methods across nearly every country.

Paxful suspended operations in April 2023 citing regulatory challenges and internal disputes, but partially resumed service later that year. The platform's status and scope of operations may vary by jurisdiction.