Paxful has shut down. In Nigeria it was mostly used for two things: trading gift cards and selling bitcoin through P2P. Both still have a home, and neither needs a stranger on the other side any more.
Indicative market rate. The rate you see in-app is the rate that settles.
Paxful has shut down. Its own site says it has shut down operations and discontinued buying, selling and trading, with a withdrawal-only service for remaining balances. Press reported the wind-down as 1 October to 1 November 2025 (as reported). It still appears in lists of recommended platforms published this year; those lists are out of date.
If you believe you still have funds there, only Paxful's own channels can help.
| You used Paxful to | What to use now |
|---|---|
| Trade gift cards for naira | Sell the card directly. On Yesa you pick the card type and amount, see the naira rate for it before you submit, and pay zero sell fees. Today's iTunes rates are on the iTunes gift card rate page. |
| Sell bitcoin for naira through P2P | Sell it directly instead: see the naira figure first, then send. Steps are on the sell Bitcoin for naira page, and today's figure is on the Bitcoin to naira rate page. |
| Stay with P2P | You keep the P2P trade-offs: a stranger on the other side, waiting, and disputes. Selling directly removes all three. |
| Buy bitcoin with naira | Yesa buys nine coins with naira, bitcoin included, with zero fees, paid from your Yesa balance or by bank transfer: see how to buy crypto with naira. |
On a P2P market you hand a card code to a stranger and hope. Selling directly means one party, and the rate is shown before you submit.
Rates differ by brand, country, amount and whether the card is physical or a code. Yesa shows the rate for exactly what you hold.
The naira lands in your Yesa balance. Withdraw it to any Nigerian bank, or use it for airtime, data and bills.
Only what each app publishes about itself, checked on 1 November 2026. This table shows the points where Yesa differs.
| Option | Measured payout speed published | Bank payout |
|---|---|---|
| Yesa | Yes | Median 4.7 seconds across 1,700 payouts |
| Breet | No | Within 5 minutes, per its help centre |
| Monica | No | No measurement |
| Busha | No | No figure published |
| Luno | No | 6 to 12 hours |
On the latest version of the app, your naira amount is held on the confirm screen, with a countdown. Confirm while it runs and you get the amount shown. If the market moves too far, you see a fresh price before anything is sold.
The full write-up of each app, with what you give up, is in the best apps to sell USDT in Nigeria.
No. Paxful has shut down. Its own site says it has shut down operations and discontinued buying, selling and trading.
You can sell them directly instead of through P2P. On Yesa you choose the card type and amount, see the naira rate before you submit, and pay zero sell fees.
Yesa, which we build. You see the exact naira figure on screen before you sell, pay zero sell fees, and get a bank payout with a measured median of 4.7 seconds across 1,700 payouts. With P2P you keep a stranger on the other side of the trade.
Across 1,700 measured bank payouts on Yesa, the median payout time was 4.7 seconds. These are historical measurements, not guarantees. The on-chain part, your crypto reaching Yesa, comes first and depends on the network you send on.
Yes. Buying, holding and selling cryptocurrency is legal for individuals in Nigeria. Digital assets are recognised under the Investments and Securities Act 2025, and the Securities and Exchange Commission regulates digital asset services. Crypto is not legal tender, and profits from trading may be taxable, so keep your own records of what you buy and sell. This is general information rather than legal or tax advice; the Securities and Exchange Commission and the Central Bank of Nigeria publish the current position.
The Yesa Team. Yesa publishes this page. Facts about other products come from what they publish on their own websites and help pages, checked 1 November 2026. If you spot something out of date, tell us and we will correct it.