If you cashed out on Paxful, the part you actually relied on was simple: sell your crypto to someone, get paid by a method you trust, and let escrow hold the coins until the money arrived. That still exists. You have two honest routes now, and this page lays out both.
What happened to Paxful
Paxful wound down its marketplace, which means the accounts, listings and escrow people leaned on are no longer there to trade through. If you still hold crypto you meant to sell, nothing is wrong with your coins. You just need a new place to turn them into cash. The good news is the two things Paxful did well, escrow and choice of payment method, are both available elsewhere.
The real alternatives, compared
| Option | How it works | Best for | Watch out for |
|---|---|---|---|
| RoboSats / Bisq | Fully peer to peer, non-custodial. You are matched with another person and escrow is enforced by the software. | People who want zero custodial trust and full privacy. | A learning curve, and liquidity can be thin on some payment methods. |
| No-ID escrow desk (like Satpeer) | You sell to the desk. Coin sits in escrow you can watch on-chain, payout goes out once it confirms. | People who just want a quote, a clear price, and to be paid. | You are trading with one counterparty, so use one with verifiable escrow and a track record. |
| Regulated exchange | Sell after full identity verification. | People who do not mind KYC and want deep liquidity. | ID upload, and many now restrict certain coins and payouts. |
| Bitcoin ATM | Sell for cash at a machine. | Very small amounts. | Heavy fees and increasingly ID-gated. |
If you want fully peer to peer
The closest replacements for the peer to peer part of Paxful are RoboSats and Bisq. Both match you directly with another trader, hold the Bitcoin in escrow, and need no account or ID. They are genuinely good tools. The trade-off is that you do more of the work yourself: running or connecting to the app, waiting for a counterparty, and handling disputes. For hands-on users who want maximum privacy and no middle party, they are worth learning.
If you just want to be paid
If what you liked about Paxful was picking a payment method and getting paid without much fuss, a no-ID escrow desk is the closer fit. On Satpeer you get a live quote and open an order as a guest, with no signup and no identity check. You can sell BTC, LTC, XMR, USDT and USDC for EUR, USD or GBP, and pick your payout: SEPA or SEPA Instant, bank transfer, PayPal, Paysafecard, or cash in person.
Your coin goes to a dedicated escrow address shown on your order page. For Bitcoin, Litecoin and the Tron stablecoins you can open that address in a public block explorer and watch it confirm the whole time. The payout only happens once the deposit confirms, and you receive it within hours, or at most 1 to 2 business days.
Selling safely, whichever route you pick
The rule that protected you on Paxful is the same one that protects you now.
Whether you choose RoboSats, Bisq or a desk, insist on that one thing and most of the risk disappears.
Frequently asked
Is Paxful really gone?
Paxful wound down its marketplace, so the accounts and escrow people relied on there are no longer a place to trade. If you still hold crypto you were planning to sell there, you need a new way to cash out. This page covers the practical options.
What is the closest thing to Paxful now?
For fully peer to peer, non-custodial trading the closest tools are RoboSats and Bisq, which match buyers and sellers directly with escrow and no account. They are powerful but have a learning curve and thinner liquidity on some payment methods. If you would rather just sell to a desk and get paid, Satpeer does that with on-chain escrow and no ID.
Do I need an account or ID to cash out on Satpeer?
No. You get a live quote and open an order as a guest, with no signup and no identity check. You send your coin to an escrow address you can watch on-chain, and the euro, dollar or pound payout goes out once it confirms.
Which coins and payouts do you support?
You can sell BTC, LTC, XMR, USDT and USDC (Tron) for EUR, USD or GBP. Payout rails are SEPA and SEPA Instant, bank transfer, PayPal, Paysafecard and cash in person.
How do I know I will get paid?
Your coin sits at a dedicated escrow address shown on your order page, and for BTC, LTC, USDT and USDC you can open it in a public block explorer and watch it confirm the whole time. The payout only happens after your deposit confirms, and if an order cannot be filled the coin is returned to your address.
The full walkthrough and the scams to avoid live in the main guide to cashing out Bitcoin without KYC.