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7 Best P2P Crypto Exchanges
Our experts reviewed over 50 exchanges and selected the top 7 P2P platforms. We outline each platform’s features, benefits, and drawbacks. Follow our tips to pick the one that fits your needs.
By:
Reviewed By:
Updated: May 29, 2025
Zero fees, 100+ fiat currencies, and 1,000+ payment methods.
Zero fees, tight spreads, and flexible payment options on a user-friendly P2P platform.
Simple interface, fast KYC, and helpful tutorials.
750+ tokens with broad P2P support and low minimums.
Hundreds of local and global payment options, including PayPal and Revolut.
P2P access in 190+ countries, 60+ fiat currencies, and verified merchants.
Strong NGN liquidity, fast bank integration, and automated escrow protection for secure trades.
How Did FXEmpire Choose the Best P2P Crypto Platforms?
- P2P Functionality & Merchant Availability: We checked for a wide pool of verified merchants, active across regions, with trust badges and minimal geo-restrictions to ensure reliability.
- Payment Methods: We favored platforms offering diverse options like bank transfers, e-wallets, and fintech apps such as PayPal and Revolut for greater flexibility.
- Fiat Currency Support: We looked for platforms that support a broad range of fiat currencies, reducing the need for conversions and improving access in emerging markets.
- Trading Experience: We tested interface usability, order matching speed, and communication tools. User-friendly platforms with fast matching and chat support ranked higher..
- Security and Transparency: We evaluated merchant vetting, identity checks, trade metrics, and policy clarity, which are key to ensuring secure, trustworthy transactions.
- P2P Trader Protections: We checked for escrow systems, dispute resolution, and merchant ratings. Strong safeguards protect both buyers and sellers during trades.
- Low P2P Fees: We compared fees and highlighted platforms with zero or low trading fees, including discounts or perks for buyers and sellers.
- Spreads: We analyzed buy-sell price gaps, favoring platforms with tighter spreads for better value and less hidden cost.
- Liquidity: We assessed trading volume and listing availability to ensure smooth, fast trades, even for high-value transactions.
- Trade Limits: We looked for flexible minimum and maximum limits to accommodate small-scale users and high-volume traders.
- Customer Support in Case of Failed Transactions: We tested response time during disputes. Exchanges with fast, live human support received the highest scores.
Best Crypto Exchanges With P2P Deposits and Withdrawals Comparison Table
| Exchange | Ranking | Taker/Maker | Available Crypto | Accepts Fiat | Payment Methods | KYC |
|---|---|---|---|---|---|---|
Binance | 4.6 Read Review | 0.1% / 0.1% | 396 | Yes | +1 | Yes |
MEXC | 4.2 Read Review | 0.01% / 0% | 0 | No | +3 | No |
Bybit | 4.6 Read Review | 0.1% / 0.1% | 0 | No | +2 | Yes |
Bitget | 4.3 Read Review | 0.1% / 0.1% | 697 | Yes | +2 | Yes |
BingX | 4.1 Read Review | 0.1% / 0.1% | 983 | No | +4 | Yes |
KuCoin | 4.2 Read Review | 0.1% / 0.1% | 938 | Yes | +2 | Yes |
Remitano | No Rating Read Review | 0.25% / 0.25% | 0 | No | +5 | Yes |
Best Overall
- 396Available Crypto
- Payment Methods
- FeesLow
Why We Picked It
Binance is the world’s largest crypto exchange by trading volume and user base. It offers access to hundreds of cryptocurrencies, advanced trading tools, and a complete ecosystem, including DeFi, staking, and an NFT marketplace.
- Industry-Leading P2P Marketplace: Binance has one of the largest P2P networks in the industry. It supports hundreds of fiat currencies and payment methods and has thousands of verified merchants across nearly every major country.
- Zero P2P Trading Fees: Binance does not charge any platform fees for P2P traders, combined with the thousands of merchants, leads to tight spreads and fair conversion rates.
- Robust Security: With a strict escrow system and thorough merchant vetting process, Binance minimises the risk to users compared to smaller, less strict platforms.
Pros and Cons
Pros
- Wide fiat currency support (100+)
- Range of payment methods (500+)
- Secure escrow system
- Zero P2P fees
- Tight spreads
- Thousands of active merchants
Cons
- Complex P2P platform
- Geographic restrictions
Lowest P2P Trading Fees
- -Available Crypto
- Payment Methods+1
- FeesLow
Why We Picked It
MEXC is a Seychelles-based exchange known for its large selection of altcoins, high liquidity, and support for leveraged trading across 170+ countries.
- Zero P2P Trading Fees: No charges for buying or selling crypto via P2P, ensuring users maximize their returns from each transaction.
- Large Number of Merchants: Hundreds of merchants ensure tight spreads on USDT, BTC, and ETH pairs.
- Range of Payment Methods: Supports bank transfers, e-wallets, and local payment apps for easy transactions.
Pros and Cons
Pros
- Range of payment methods (100+)
- Zero P2P fees
- Hundreds of active merchants
- User-friendly interface
Cons
- Limited fiat currency support (<20)
- Geographic restrictions
Best for P2P Beginners
- -Available Crypto
- Payment Methods
- FeesHigh
Why We Picked It
Bybit is a spot and derivatives exchange with high trading volume, strong security, and full transparency through its Proof of Reserves program.
- Beginner-Friendly P2P: Bybit offers a simple interface with clear instructions and merchant filters.
- Quick KYC Verification: Bybit’s KYC verification process is quick and easy, with verification usually completed within minutes, making it easy and convenient for new users.
- Educational Resources: Bybit Learn offers step-by-step guides to help users trade P2P safely.
Pros and Cons
Pros
- Wide fiat currency support (60+)
- Range of payment methods (600+)
- Secure escrow system
- Zero P2P fees
- Tight spreads
- Thousands of active merchants
Cons
- Geographic restrictions
Best Coin Offerings
- 697Available Crypto
- Payment Methods
- FeesLow
Why We Picked It
Founded in 2018, Bitget is known for its wide range of crypto products, strong spot and futures trading, and a feature-rich P2P platform.
- Selection of Cryptocurrencies: Supports 750+ tokens, including many altcoins on its P2P platform.
- Low Purchase Minimums: Trade from as little as $10, making it beginner-friendly.
- Active P2P Merchants: With hundreds of merchants for each major coin, Bitget ensures competitive prices and quick order processing.
Pros and Cons
Pros
- Wide fiat currency support (70+)
- Range of payment methods (500+)
- Secure escrow system
- Zero P2P fees
- Hundreds of active merchants
- Range of supported cryptos via P2P
Cons
- Available payment methods vary based on your KYC verification level
- Slightly wider spreads
Best Payment Offerings
- 983Available Crypto
- Payment Methods+2
- FeesLow
Why We Picked It
BingX is a fast-growing exchange known for its P2P, copy trading, and beginner-friendly design. With millions of users across Asia, Europe, and South America, it offers an easy way to buy crypto.
- Range of Supported Payment Methods: BingX supports hundreds of local and international payment methods, from bank transfers to popular wallets like CashApp, PayPal, and Revolut.
- Region-Specific Payment Methods: The platform offers region-specific payment methods tailored to each user’s country, ensuring convenience and minimal conversion fees.
- Competitive Rates & Fees: No platform fees, allowing merchants to offer more competitive rates.
Pros and Cons
Pros
- Wide fiat currency support (100+)
- Range of payment methods (400+)
- Zero P2P fees
- Secure escrow system
Cons
- P2P funds locked for 24h after trade completion
- Fewer active merchants than competitors
Best for Global Support
- 938Available Crypto
- Payment Methods
- FeesHigh
Why We Picked It
KuCoin is a global exchange with low trading fees, deep liquidity, and support for users in over 190 countries. It handles over $3 billion in daily spot trading volume and offers one of the largest selections of tokens.
- Global P2P Support: Serves both major and emerging markets with worldwide coverage (over 190).
- Fiat Currency Support: Accepts 60+ fiat currencies and payment methods like Apple Pay, SEPA, CashApp, and Wire Transfer
- Strong Merchant Vetting: KuCoin enforces strict identity verification on P2P merchants to ensure a safer trading experience for all users.
Pros and Cons
Pros
- Wide fiat currency support (60+)
- Range of payment methods (400+)
- Zero P2P fees
- Secure escrow system
- Global region support
Cons
- Limited licensing & regulatory compliance
Best in Nigeria
No Rating Available
- -Available Crypto
- Payment Methods+3
- Fees-
Why We Picked It
Remitano is a crypto exchange founded in 2014, headquartered in Seychelles. It offers two main services: P2P trading and a crypto swap tool, which can be a good choice for beginners who want to buy crypto easily and quickly.
- Deep Liquidity on NGN Pairs: Remitano focuses on African markets, with strong liquidity for Naira trading pairs like BTC/NGN and USDT/NGN.
- Local Banking Support: Integration with major Nigerian banks lets users seamlessly deposit and withdraw Naira, without having to use third-party platforms.
- Automated Escrow System: Remitano has implemented an automated escrow system for extra security. The instant release of funds ensures safe transactions without sacrificing transaction speed.
Pros and Cons
Pros
- Wide fiat currency support (100+)
- Range of payment methods (200+)
- Zero P2P fees
- Secure escrow system
- Region-specific payment options
Cons
- Fewer active merchants than competitors
- Wider spreads between buy/sell prices
- Lower liquidity
How to Choose the Best Crypto Exchange for P2P?
What Is a Peer-To-Peer Crypto Exchange?
A P2P crypto exchange connects buyers and sellers directly, letting them trade crypto without a centralized order book or middleman setting the price. Users post ads with their preferred rates and payment methods. The exchange typically provides escrow services, holding the crypto until payment is confirmed to protect both parties.
What Are The Key Pros And Cons Of P2p Exchanges?
| Pros | Cons |
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What Factors Should I Consider When Choosing A P2P Exchange?
There are several key factors to consider when choosing a P2P exchange, including:
- Reputation & Security Features
- Escrow Protection
- Supported Fiat Currencies
- Range of Payment Methods
- Supported Countries
- Liquidity
- Fees & Transparency
- Customer Support
What Are P2P Exchange Fees?
Many leading exchanges offer zero trading fees for buyers; however, sellers may have to pay a small commission from each trade. Escrow services and dispute resolution are typically offered by exchanges at no extra cost; however, users will still have to pay network fees when transferring crypto.
What Are The Risks Of P2P Crypto Trading?
P2P trading carries a few unique risks that users should be aware of:
- Payment fraud: Some buyers submit fake payment proof without actually sending funds.
- Chargeback scams: Buyers use reversible payment methods and file chargebacks after receiving the crypto.
- Frozen bank transfers: Large transfers can trigger automatic holds due to anti-money laundering (AML) regulations.
- Exchange scams: Unreliable platforms may misuse or steal funds held in escrow.
- Price manipulation: Some merchants post fake listings to distort market prices and make their offers appear more attractive.
How to Stay Safe During P2P Crypto Trading?
- We strongly recommend taking the following precautions when P2P trading:
- Trade only with verified users who have a strong track record and positive ratings.
- Never release crypto before confirming payment.
- Avoid making trades outside of the exchange’s escrow system.
- Double-check all bank details, addresses, and payment confirmations.
- Use exchanges with responsive customer support that offer dispute resolution.
- Take screenshots of chats, payment receipts/confirmations, and transaction IDs in case of disputes.
How Do Exchanges Protect Users While P2p Trading?
- Escrow Services: The exchange holds the seller’s crypto until payment is confirmed, reducing the risk of fraud.
- Merchant Vetting: Verified merchants must provide government-issued ID and pass platform checks.
- Merchant Ratings/History: Merchants have their past completed trade percentage and positive feedback percentage publicly displayed.
- Trade Limits: New merchants have lower trade limits until they build trust.
What Types Of Payment Methods Are Supported In P2P Trading?
P2P trading supports a much wider range of payment methods compared to Quick Buy or direct deposit options. Most P2P exchanges support:
- Bank Transfer (ACH, SEPA, SWIFT)
- Local Bank Transfers
- Fintech Apps (CashApp, Revolut, Zelle)
- PayPal or Venmo
- Gift Cards (on certain exchanges)
- Cash in-person
FAQ
Is P2P Crypto Trading Safe?
P2P trading can be safe when using a trusted exchange that offers escrow protection and dispute resolution. Always choose verified merchants, check their ratings, and avoid deals that seem suspicious. P2P trading carries more risk than standard deposit methods like bank transfers or Quick Buy.
Is P2P The Best Way To Buy Crypto?
P2P is especially useful in regions with limited banking access, unsupported fiat currencies, or heavy reliance on digital wallets.
What Is The Best P2P Crypto Platform?
Binance P2P is one of the most widely used platforms. It supports over 800 payment methods and 100+ fiat currencies. It also offers thousands of verified merchants, helping users find competitive exchange rates.
Do P2P Crypto Exchanges Charge Trading Fees?
Most platforms charge no fees to buyers but may take a small commission from sellers. The main cost is typically the spread between buy and sell prices.
Can I Use P2P Exchanges Without KYC?
Some platforms allow limited P2P trading without full KYC, but most require verification for higher limits or access to specific payment options.
Can I Convert Crypto To Local Currency Using P2P?
Yes. One of the main benefits of P2P trading is the ability to sell crypto and receive payment directly in your local fiat currency.
How Does Escrow Work In P2P Crypto Trading?
Escrow protects both parties by holding the seller’s crypto until the buyer confirms payment. Once confirmed, the crypto is released, helping prevent fraud.
About the Author
Shennon Hewaauthor
Shennon Hewa is a crypto trader and crypto journalist based in London. Active in the crypto space since 2017, he specializes in scalping, derivatives day trading, and swing trading. At FXEmpire, he has reviewed dozens of crypto exchanges and has extensive knowledge of platform strengths and weaknesses.
Why you can trust FX Empire
At FXEmpire, we strive to provide unbiased, thorough, and accurate exchange reviews by industry experts to help our users make smarter financial decisions.
Why you can trust FX Empire
Table of Contents
- List of Top Crypto Exchanges for Peer-to-Peer Purchases
- How Did FXEmpire Choose the Best P2P Crypto Platforms?
- Best Crypto Exchanges With P2P Deposits and Withdrawals Comparison Table
- Best Overall
- Lowest P2P Trading Fees
- Best for P2P Beginners
- Best Coin Offerings
- Best Payment Offerings
- Best for Global Support
- Best in Nigeria
- How to Choose the Best Crypto Exchange for P2P?
- FAQ