Restricted Locations

Modified on Tue, 15 Aug 2023 at 11:59 AM

Our core principle is centered on the notion that Bitcoin should be available and open to all individuals, regardless of their geographical location. However, we recognize that in some nations, the use of our platform, Paxful, may be limited due to economic sanctions imposed by governing bodies.

List of Banned Countries, OFAC

As of August 2023

As a US company, we comply with Office of Foreign Assets Control ("OFAC") sanctions. The OFAC is a division of the US Department of the Treasury that administers and enforces economic and trade sanctions based on US foreign policy and national security goals against targeted foreign countries and regimes, terrorists, international narcotics traffickers, those engaged in activities related to the proliferation of weapons of mass destruction, and other threats to the national security, foreign policy, or economy of the United States. As such, some are broad-based and oriented geographically (i.e., Cuba, Iran). Others are “targeted” and focus on specific individuals and entities.

OFAC banned countries

Users and traffic from the following countries are banned from Paxful:

  • Belarus
  • Burundi
  • Central African Republic Sanctions
  • Cuba
  • Crimea, Donetsk, and Luhansk Regions of Ukraine 
  • Iran
  • Iraq
  • Lebanon
  • Libya
  • North Korea
  • Russia
  • Somalia

  • South Sudan-related Sanctions
  • Sudan and Darfur
  • Syria
  • Venezuela
  • Yemen

OFAC grey/high-risk countries

Users from these countries have to verify their ID before they can send out or sell cryptocurrency:

  • Albania 
  • Bosnia and Herzegovina 
  • Bulgaria
  • Democratic Republic of Congo

  • Croatia (Hrvatska)
  • Kosovo
  • Macedonia
  • Montenegro 
  • Republic of Congo

  • Romania  
  • Serbia 
  • Slovenia
  • Ukraine
  • Zimbabwe

Additionally, as we fully cooperate with all OFAC, Specially Designated Nationals (SDN) and Blocked Person lists, we block individuals who threaten international stabilization efforts as defined by OFAC in the regions of:

  • Balkans
  • The Democratic Republic of the Congo-Related
  • Western Balkans area and Belarus as part of Ukraine-/Russia-Related Sanctions
  • Venezuela-related sanctions
  • Zimbabwe-related sanctions

Restrictions For Users in Canada and in Select US States

Due to regulatory restrictions, Paxful is unable to offer services to individuals located in Canada, as well as the states of Alaska, Arkansas, California, Connecticut, Delaware, Florida, Hawaii, Idaho, Illinois, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Minnesota, Nevada, New Jersey, New York, North Carolina, Ohio, Puerto Rico, South Carolina, South Dakota, Texas, Utah, Vermont, Washington, and West Virginia (collectively known as “restricted states”). Please be advised that if you are located in any of these areas, your Paxful account will be banned and you will not be able to access it while there.

  • All accounts with an IP registered in Canada and the restricted states and all accounts with an address verified within Canada and the restricted states will be banned.
  • All accounts using a driver's license, Passport, or ID card to verify their identity from Canada and the restricted states will be banned.

USDT and USDC Restrictions

Due to regulatory restrictions, we must prohibit access to Tether (USDT) and USD Coin (USDC) for Paxful users residing in Texas. This includes trading, withdrawing, depositing, and converting USDT/USDC.

We understand that this may cause some inconvenience, and we apologize for any inconvenience this may cause. However, we are fully committed to complying with all relevant laws and regulations and are actively working towards further expansion. We appreciate your understanding and look forward to serving you in the future.

For any additional questions please contact our Support team.

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