Paxful closed in November 2025. 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.
Paxful announced on 1 October 2025 that it would wind down, and closed by 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 It still appears in lists of recommended platforms published this year; those lists are out of date.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 | Bybit's P2P market still lists the naira, and Remitano runs a naira P2P market. You keep the P2P trade-offs: a stranger on the other side, waiting, and disputes. |
| Buy bitcoin with naira | Full exchanges such as Busha and Luno sell bitcoin for naira. |
On a P2P market you hand a card code to a stranger and hope. Selling directly means one party, and the rate is fixed 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 20 September 2026.
| Option | How the sale works | Where the naira lands | What it publishes |
|---|---|---|---|
| Yesa | You press sell at the naira figure on screen | Your bank, on withdrawal | Zero sell fees; median bank payout 4.7 seconds, measured across 1,700 payouts |
| Breet | Converts automatically when your deposit lands | Breet wallet, or your bank if you switch on Automatic Settlement | Publishes a selling fee of 1.5% falling to 0.5% by size |
| Monica | Converts automatically when your deposit lands | Straight to your bank | Advertises zero fees and under 60 seconds (its own claims) |
| Busha or Luno | You sell on a full exchange, instantly or with an order | Exchange balance, then you withdraw | Luno publishes 2% for instant sells and 0.10% on its order book |
The full write-up of each app, with what to watch, is in the best apps to sell USDT in Nigeria.
No. Paxful announced its wind-down on 1 October 2025 and closed by 1 November 2025.
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.
For the exact naira figure on screen before you send, zero sell fees and a bank payout measured in seconds, we built Yesa for that. If you want to stay with P2P, Bybit's market still lists the naira.
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. Details checked 20 September 2026. Information about other products comes from their own help pages and documentation; if you spot something out of date, tell us and we will correct it.