Best Paxful alternatives after marketplace suspension

Peer-to-peer (P2P) crypto exchange Paxful on March 4, 2023, announced that it was suspending its marketplace.

In a post published by Paxful’s CEO, the CEO said that they are not sure if the exchange will come back. In the post the CEO said:

“This will probably come as a big shock to many. While I cannot share the full story now, I can say that we unfortunately have had some key staff departures. Also, regulatory challenges for the industry continue to grow, especially in the peer-to-peer market and most heavily in the U.S. While we work through these issues, we have taken the most secure option and ask you to explore self-custody and trade elsewhere.”

Looking for a cryptocurrency exchange and selecting the exchange to invest with can be a toil order and worse still being forced to look for another option due to the sudden shutdown of an exchange you had selected. For those of you who may be wondering what next after Paxful suspension of operations, we have compiled a list of the best Paxful alternatives that you could migrate to for a smooth continuation of your crypto experience.

Top 5 Paxful alternatives

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Conclusion

While the recent Paxful suspension of operations could be a shock for many who are looking for a peer-to-peer (P2P) cryptocurrency exchange especially since it comes after the shutting down of LocalBitcoins, there are still many other P2P alternatives outside there.

The above list is our best picks that Paxful users can migrate to. Nevertheless, if you are looking for a specific cryptocurrency exchange, you can select from our list of the best cryptocurrency exchanges with low fees.