Looking for a Paxful alternative?
Paxful wound down its operations in 2025. If you used it to sell Bitcoin or USDT for naira, Pyker gives you a simpler way to do it, without trading with strangers.
Paxful announces it will wind down all operations by 1 November 2025.
Public reporting, checked October 2026What happened to Paxful
On 1 October 2025, Paxful announced it would wind down all operations by 1 November 2025, and asked users to withdraw their funds before the cutoff. Nigeria had been one of its biggest markets.
Paxful was a peer-to-peer marketplace, so every sale meant finding a buyer and waiting for their payment. Many former users now want a way to sell that doesn't depend on a counterparty at all.
Pyker vs Paxful
| Pyker | Paxful | |
|---|---|---|
| Available today | Yes. Download the app and sell in minutes. | No. Operations wound down in November 2025. |
| How you sell | Instant sell: send to your own Pyker address and your wallet is credited automatically once it confirms. | Was a P2P marketplace: you traded with individual buyers. |
| Fake payment alert risk | None. There's no buyer to send one. | A known risk of P2P trading with strangers. |
Comparing rates or cashout speed?
The fairest comparison is the naira that actually reaches your bank. Here's how to check it.
Compare at the same moment
Rates move constantly. Check each app within the same few minutes, for the same amount.
Count every fee
Look at the naira you'd actually receive: rate, selling fees and withdrawal fees together. On Pyker, our fee is built into the rate you see.
Check the cashout
Money in an app isn't money in your bank. Pyker doesn't charge a fee to withdraw naira to your verified bank account.
Factor in waiting
P2P trades depend on a buyer. With instant sell, your wallet is credited automatically once your deposit confirms.
Moving from Paxful to Pyker
Download Pyker and verify
Sign up and complete BVN verification and a quick liveness check in the app.
Choose your coin and payout
Tap Sell crypto, pick Bitcoin, USDT or another coin, and choose naira or dollars.
Send from your wallet
Send from wherever you hold your crypto to your Pyker address. Your wallet is credited once it confirms.
Tired of surprise fees and slow cashouts?
Common frustrations when selling crypto in Nigeria, and how Pyker handles each one.
Surprise fees after you sell
One upfront rate
Pyker's fee is built into the rate you see before you send, so there's no separate charge to work out.
Waiting on a buyer to pay
Instant sell, no counterparty
Send to your own Pyker address. Your wallet is credited automatically once your deposit confirms.
Paying to get your money out
Free naira withdrawals
Withdraw naira from your wallet to your verified bank account with no Pyker fee.
Not knowing where your money is
Every step, tracked
See your payment detected, validated and credited in real time, with a receipt for every sale.
Paxful alternative: FAQs
Can't find what you're looking for?
Write to us at support@usepyker.com
No. Paxful announced on 1 October 2025 that it would wind down all operations by 1 November 2025.
If you just want naira for your Bitcoin, an instant-sell app avoids P2P entirely. On Pyker, you send BTC to your own address and your wallet is credited automatically once it confirms.
Yes. Pyker supports Bitcoin, USDT, Ethereum, USDC, Solana and Dogecoin, with USDT and USDC on several networks.
Other platforms people are switching from
Information about other platforms comes from public reporting, checked October 2026, and may have changed since. Platform names are trademarks of their respective owners. Pyker isn't affiliated with or endorsed by them.
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