Is Paxful still operating?

[DiMarxist]

Is Paxful still operating? If so, what kind of trade volume do they have?

Paxful is still on operational but because of the recent government policies on centralized exchanges and people are not using it like before again and another thing that is making paxful not too popular again in the crypto community is the rate and charges. Though their marketing (trading volume) is good but because of the rate of charging trade compared to other exchanges making people not to use it like others.
Example, if I am selling 0.002 BTC in another exchange and it will give me $200 or more but in paxful it will be $180 or even less. So because of this discrepancies people are not using it like that so it is not popular like others. It is even from this thread that I am remembering it again.

[davis196]

Paxful had recently redesigned their website and it seems that they will be focusing more on promoting their mobile app, rather than relying on website visitors. Another thing worth mentioning is USA users are not allowed to use Paxful, even though Paxful is an American company.
This is in compliance with recent US regulatory changes. Paxful claim, that they have around 14 million active users, but this number seems totally exaggerated, if you ask me. Paxful's fees for trading crypto with gift cards are very high, but this company remains one of the very few online marketplaces, where users could buy and sell gift cards for crypto.

[Findingnemo]

Paxful had recently redesigned their website and it seems that they will be focusing more on promoting their mobile app, rather than relying on website visitors. Another thing worth mentioning is USA users are not allowed to use Paxful, even though Paxful is an American company.
This is in compliance with recent US regulatory changes. Paxful claim, that they have around 14 million active users, but this number seems totally exaggerated, if you ask me. Paxful's fees for trading crypto with gift cards are very high, but this company remains one of the very few online marketplaces, where users could buy and sell gift cards for crypto.

I would say it's the only remaining of this kind because LBC shut down their operations which channeled all the P2P users to this site. I regularly trade of Paxful even though the similar features are available in Binance simply because of the users choice who can decide that from whom they want to purchase BTC and the seller gets to decide their own price and it may looks why people pay over the market price but in many countries the availability of BTC with fiat is less which is why Paxful is still running successfully.

[coupable]

This is in compliance with recent US regulatory changes. Paxful claim, that they have around 14 million active users, but this number seems totally exaggerated, if you ask me. Paxful's fees for trading crypto with gift cards are very high, but this company remains one of the very few online marketplaces, where users could buy and sell gift cards for crypto.

I would say that 14 million users may not be an exaggeration considering the type and popularity of the service. Paxful was one of the first platforms to allow peer-to-peer exchange of gift cards for crypto (+varieties of other services) which made it highly popular with a large base of users around the world. There is a huge market for gift cards, and you there is a significant part of it reserved for outstanding platforms like Paxful, since all trades are peer-to-peer. I used Paxful and LBC before I even found this forum, and I know many people in my circle who still use Paxful. The 14 million users number may be a significant undercount.

[immangrace]

Yes it still works, yes it's not the same as it was 10 years ago where you could exchange gift cards and everything.

[virasog]

Yes it still works, yes it's not the same as it was 10 years ago where you could exchange gift cards and everything.

Paxful won't work anymore and they have officially announced that it is being closed permanently. Initially, I thought maybe they would close their operation for a few countries, but to my surprise, they are closing it globally.
They will totally shut down their service on Nov 1, and starting from today, there will be no new customer or trades; they will not allow any further deposits, only people can withdraw their money.

More detailed timelines can be found at https://paxful.com/wind-down