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Paxful

Updated: Aug 5, 2026

Paxful Debit Card was a crypto asset Visa debit card launched by Paxful in partnership with Ternio's BlockCard. It previously offered US users virtual cards, physical cards and US dollar account services. Users could convert digital assets into US dollars for online shopping, purchases at physical merchants and ATM withdrawals. The card programme has ceased operations. Paxful has also closed all regular services, including trading, top-ups, sending and receiving, and its website is now used only by existing users to withdraw their remaining digital assets.
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Confirmed unavailable on App Store
Card network
Visa
Product type
Crypto prepaid card
Card form
Virtual + physical card
Operating status
Discontinued
KYC level
Full KYC
Commercial relationship
No commercial relationship
Risk score
40-49
Supported assets
BTC / ETH
Last updated
Aug 5, 2026

Official and company information

Issuer identity and company credentials

Paxful was founded in 2015 by Ray Youssef and Artur Schaback and was once one of the world's most well-known borderless peer-to-peer (P2P) cryptocurrency trading networks, with over 14 million users. The platform allowed users to freely buy and sell Bitcoin and stablecoins through more than 400 localized payment methods, including bank transfers, cash, e-wallets, and gift cards. However, due to long-standing anti-money laundering compliance deficiencies and serious legacy issues under previous management, the company faced intensive joint enforcement by the U.S. Department of Justice (DOJ) and FinCEN, and ultimately announced in late 2025 the gradual shutdown of all its global operations and liquidation.
Company / issuer
Paxful
Legal name
Paxful
Registered region
United States (US)
Headquarters
OriginalUnited States / global
Company type
Crypto exchange
Verification status
Verified
Issuer website
Official link
Application page
Application link

Card overview

Paxful Debit Card launched in 2020 through Ternio's BlockCard white-label card-issuing platform and was initially available only to US users. Users could convert digital assets in their Paxful account into a US dollar card balance, receive a virtual Visa card or apply for a physical card, and use it at Visa merchants and ATMs. The underlying BlockCard was a reloadable general-purpose prepaid card programme formerly issued by Metropolitan Commercial Bank and managed by CashPass Network. The card no longer provides application, top-up, or payment services. Paxful announced the end of its operations in October 2025 and stopped trading, deposits, transfers, and standard wallet functionality from November 1, 2025. The current withdraw.paxful.com site is not a card application website. It is a balance-withdrawal portal for the closure period and only allows eligible existing accounts to transfer remaining digital assets to an external wallet.
Visa card experienceRegional availabilityTerms may change
Notice: Paxful ceased trading, top-ups, sending, receiving, and regular card-related services on 2025/11/01, and currently only retains digital asset withdrawal functionality. Existing users should transfer all balances to correct external wallets as soon as possible and must not continue sending funds to old Paxful top-up addresses; those addresses are no longer monitored, and mistakenly transferred assets cannot be recovered. Restricted accounts that fail to withdraw balances within 30 days of receiving notice will be charged the higher of 2% of the balance or $2 per month.

Card variants and fee differences

Compare verified fee records across card forms and tiers

Paxful Debit Card
Card formVirtual + physical card
Fees
Monthly fee
5 USD
Waived with $750 monthly spend
Card issuance fee
5 USD
Historical card activation fee
ATM fee
3 USD
$3 in the US, $3.50 abroad; ATM operators may charge separately
Foreign exchange fee
Top-up fee
Failed transaction fee
Rewards
Cashback
Crypto cashback
Staking rewards
Staking APR
Welcome bonus
Referral bonus
Limits
Daily spending limit
Monthly spending limit
ATM withdrawal limit
Card network

Fees may vary by region, card tier, and official policy. Verify the latest official terms.

Regions and China applicability

Application status based on public sources, official policy, and user reports. This is not application advice.

Available regions

Applications or normal card activation are supported

1
No Open Regions
Evidence
Officially supported

Unsupported or restricted regions

Applications or features are unavailable or restricted

1
Global
Evidence
Officially restricted

Unconfirmed regions

Evidence is insufficient

0

No records

Evidence
Public sources

China applicability

The source text is retained below.

Original

1、中国大陆:当前不可申请或使用Paxful Debit Card;原有Paxful账户如有余额,可在完成身份及合规审核后通过提现门户转至外部钱包。

2、香港:当前不可申请或使用Paxful Debit Card;符合要求的原有账户仅可申请提取剩余数字资产,不支持交易、充值或卡片付款。

3、澳门:当前不可申请或使用Paxful Debit Card;原有账户只有余额提取功能,身份或账户所有权无法验证时,提现申请会被拒绝。

4、台湾:当前不可申请或使用Paxful Debit Card;原有用户可提交余额提现申请,但必须提供有效身份资料和正确的外部钱包地址。

Updated: Aug 5, 2026

Policies may change at any time. Verify the latest issuer policy.

KYC requirements

Current identity-verification requirements and restrictions

KYC required

YesRequired

KYC level

Full KYCRequirement confirmed

Proof of address

YesRequired

Accepted documents

Government-issued ID

Review time / regional limits

Verification can be fast if documents are complete; balance checks and manual compliance review may extend to 30 days.

KYC provider

Not disclosed

Updated

Aug 5, 2026

Payment compatibility

Support status and update date by payment scenario · Actual availability may vary by region, merchant, and issuer policy

Compatibility overview12 scenarios
Supported0
Not supported12
UpdatedAug 5, 2026

Wallet payments

Alipay

Not supported

Aug 5, 2026

Wallet payments

Apple Pay

Not supported

Aug 5, 2026

Cash services

ATM withdrawal

Not supported

Aug 5, 2026

AI tools

ChatGPT

Not supported

Aug 5, 2026

AI tools

Claude

Not supported

Aug 5, 2026

Wallet payments

Google Pay

Not supported

Aug 5, 2026

AI tools

Midjourney

Not supported

Aug 5, 2026

In-person payments

Offline POS

Not supported

Aug 5, 2026

Online shopping

Online shopping

Not supported

Aug 5, 2026

Wallet payments

PayPal

Not supported

Aug 5, 2026

Subscriptions

Subscription payment

Not supported

Aug 5, 2026

Wallet payments

WeChat Pay

Not supported

Aug 5, 2026

User reviews

Showing 10 approved reviews matched to this card

Newest first
Nicolastrustpilot1 / 5

Trying to widthdrawalmy funds but they…

Trying to widthdrawalmy funds but they did not answer to my email neither my message on their website since 4 days. It seems they even stop to operate the widthdrawal of their clients after closing their website
View original
Fentanellytrustpilot1 / 5

Un bon d'achat Amazon de 2 700 € a été volé et les vendeurs ne sont pas protégés.

Cette entreprise est absolument scandaleuse. J'ai utilisé un bon d'achat Amazon d'une valeur de 2 700 €, et il a été piraté. Lorsque j'ai signalé le problème, Paxful n'a apporté aucune aide. Leur système prend systématiquement le parti de l'acheteur, laissant les vendeurs totalement sans protection. Dans mon cas, l'acheteur a prétendu que le code du bon avait déjà été utilisé, puis a disparu, conservant la somme sans rien payer en cryptomonnaie. Aucune enquête impartiale n'a été menée et personne n'a été tenu responsable. Après avoir analysé la situation et mes options, j'ai consulté ZFC afin de mieux comprendre les recours juridiques possibles en cas de vol d'actifs numériques et lorsqu'une plateforme ne protège pas les utilisateurs honnêtes ou ne résout pas correctement les litiges. Cette plateforme permet à des personnes mal intentionnées d'exploiter les vendeurs en toute impunité. Si vous tenez à votre argent et à votre temps, n'utilisez surtout pas ce site.
View original
F Jtrustpilot1 / 5

Pensaba que estaba tomando una decisión…

Pensaba que estaba tomando una decisión de inversión responsable, basada en promesas de sostenibilidad. Sin embargo, cuando congelaron mi cuenta, me sentí completamente vulnerable. Al buscar ayuda, encontré a (dat abloc kwat ch). Se tomaron el tiempo para entender mi caso y me guiaron de manera clara y detallada durante todo el proceso de recuperación. Su profesionalismo hizo una gran diferencia. Recuperar mis fondos fue un gran alivio y me recordó lo importante que es hacer una investigación exhaustiva antes de confiar en cualquier plataforma.
View original
Bad things Htrustpilot1 / 5

do not use paxful it is a scam

do not use paxful it is a scam. they will claim it is banned in your state and take all your bitcoin
View original
Shahzaib Jahangirtrustpilot5 / 5

That company is super legit company

That company is super legit company. They sent the notification on my app to withdraw your funds because they winding down the operations. I submitted and within 2-5 minutes I got my funds back in another wallet. This company also greatly helped me previously when I forgot the backup keys and upon verifying through picture and ID verification they reset my account I got access to my funds. Not happy to see you closing your operations. God bless you guys.
View original
Gala Vampertrustpilot1 / 5
burla não caiam nesse app da burla
View original
Mohammedtrustpilot1 / 5

fraudulent company

Beware of it, it is a fraudulent company. My account was suddenly closed and I cannot recover the money.
View original
Pooya Saeiditrustpilot1 / 5

do not trust this site

I had a terrible experience with Paxful. The platform is full of scammers, and unfortunately, the moderators seem to protect them instead of helping honest users. I opened a dispute and provided every piece of evidence they requested. For three months, they kept asking me to wait, and then suddenly they terminated my account without any explanation. I lost both my time and my trust in Paxful. Be very careful if you decide to use this platform — their support system is unreliable, and you might end up losing your money with no help at all.
View original
Elgouizi Saidtrustpilot1 / 5

Paxful has frozen accounts and…

Paxful has frozen accounts and effectively stolen users’ funds. They announced a shutdown but blocked withdrawals, closed the app and the website, leaving customers with no way to recover their money. This is highly unprofessional and shows that the platform was never safe or transparent. I strongly advise everyone not to trust this company and to use more reliable and regulated alternatives.
View original
thelaurisca van Rhyntrustpilot1 / 5

Poor service

They banned my account without any warning for no reason. I was not even online for weeks.
View original

Risk factors

Updated: Aug 5, 2026

No risk factors are available