6 Best P2P Crypto Exchanges

Binance is one of the biggest names in crypto and the world’s largest exchange, with over 300 million users worldwide. It gives you access to over 600 cryptocurrencies and a range of features like spot and derivatives trading, staking and earn products, and even DeFi protocols. It’s perfect for all types of users, whether you’re a first-time investor or seasoned professional.

• Binance has one of the largest P2P marketplaces in the industry, with thousands of verified merchants that support hundreds of fiat currencies and payment methods. Having so many merchants increases competition and keeps prices low, so you’re always getting the best conversion rates when P2P trading.
• Zero P2P trading fees make Binance ideal if you want to make sure you’re getting the most for your money. It doesn’t charge any platform fees for P2P trades, so all your money is put to work. The competitive rates and zero platform fees mean you’re always getting the most for your money.
• A $1bn insurance fund and robust security mean the coins you buy are safe on Binance. It has features like 2FA, biometric passkeys, and withdrawal whitelists to help secure your account. The P2P marketplace also has a strict escrow system and thorough merchant vetting process to help minimize risk compared to other, less strict platforms.

For years, OKX has been one of my favourite derivatives exchanges, but it also has a massive P2P marketplace with hundreds of merchants. As one of the largest crypto exchanges in the world, with a large user base across Europe and Asia, it has created a P2P platform to meet the onboarding needs of users across the world. It’s also one of the most cost-effective platforms for P2P trading.

• Zero P2P platform fees make OKX one of the cheapest platforms for P2P trading. The exchange doesn’t take a cut, so you can maximize each purchase and get the most crypto for your money. It also means you can make multiple P2P trades without having to worry about paying fees each time you buy or sell crypto.
• Having hundreds of merchants means the competition across fiat currencies is high, so you get some of the most competitive conversion rates in the industry. It also means that there is support for even the most niche fiat currencies, improving support for currencies across Asia and Africa.
• OKX supports a wide range of payment methods, including regional bank transfers, digital payment apps, e-wallets, and, in some cases, even cash in-person. This gives you more flexibility to choose a payment method that suits you, with OKX more likely to support niche payment methods that you won’t find on other exchanges.

Bybit has long been one of my favorite exchanges, particularly for trading, with its intuitive interface making it perfect for new users to gain experience. That user-friendliness is what makes Bybit a great option if you’re looking to start P2P trading. Combined with its reputation and security, Bybit is a no-brainer if you’re new to crypto and want a trustworthy and easy-to-use exchange for P2P trading. 

• Its beginner-friendly P2P interface makes Bybit perfect if you’re new to P2P trading. Making P2P trades is simple, with Bybit’s intuitive interface, which walks you through the process with clear instructions and merchant filters.
• Security and transparency are key if you’re a beginner. When you’re still new to crypto, the last thing you want is to be constantly worried about your coins being safe. Bybit offers robust security measures, like 2FA and biometric passkeys with fully transparent Proof of Reserves and escrow protection on P2P trades.
• Bybit’s Lite Mode offers a simplified interface that is perfect for new learners who want to explore markets safely, on an intuitive platform that’s easy to use. It doesn’t overwhelm you with complex order forms and order book data; instead, you can use a simple buy and sell interface to start investing in coins with the funds you’ve added from P2P trading.

MEXC is best known for its low fees and derivatives trading, but it also has a large P2P marketplace with merchants that support a wide range of currencies. This is handy if you’re looking for a more convenient way to fund your account to trade spot or futures. MEXC is ideal if you want to easily buy crypto with P2P and start trading on one of the best trading exchanges in the industry.

• With over 1,900 coins available, MEXC has one of the largest selections of cryptos in the industry. If you’re looking to buy crypto using P2P and diversify your portfolio or trade the latest memecoins, MEXC is the ideal platform for you.
• There are zero platform fees on P2P trades, so the exchange doesn’t take a cut of your trades. This means all of your money is going towards the trade, and you don’t have to worry about paying extra fees if you make multiple P2P trades.
• Its $100m insurance fund and full Proof of Reserves give you the peace of mind that your crypto is safe on a secure exchange. Security measures like 2FA and biometric passkeys help minimize unauthorized access, while the insurance fund is there in case there is a breach. All P2P trades are also protected by MEXC’s escrow system to help keep you safe when P2P trading.

When I reviewed BingX, I found it was one of the fastest-growing exchanges, particularly in Asia, thanks to its large P2P marketplace. Its support for a wide range of local payment methods has made it a favourite among users in smaller nations who typically have smaller, less supported local currencies. BingX is a great option if you want a user-friendly interface that makes it easy to start trading, copy trading, or using Earn products.

• Having a wide range of support payment methods makes BingX ideal if your preferred payment method isn’t directly supported. It supports hundreds of local and international payment methods, from local bank transfers to popular wallets like CashApp, PayPal, and Revolut, for extra speed and convenience. I found that while some other exchanges offer a higher number of payment methods, BingX offered a greater variety and diversity in payment methods.
• Support for region-specific payment methods means your local fiat currency isn’t directly supported by major exchanges. You can use BingX P2P to find a merchant that supports your local currency and payment method. This makes things much more convenient and means you don’t get hit with costly fiat conversion fees.
• Competitive markets with zero platform fees make BingX one of the most cost-effective exchanges for P2P trading. The exchange doesn’t charge fees for making P2P trades, so you can make multiple trades without worrying about fees adding up. Its large number of merchants means markets are competitive, with more competitive exchange rates.

KuCoin is the number one exchange if you live in a region that isn’t supported by other leading exchanges. With over 190 supported regions, it’s one of the most globally accessible platforms and is trusted by millions of users worldwide. If you’re looking for an exchange that supports a wider range of regions without sacrificing advanced trading features and deep liquidity, KuCoin is the one for you.

• Accepting users from over 190 regions makes KuCoin one of the most accessible exchanges in the world. Whether you’re from major regions or smaller, emerging regions in Asia or Africa, KuCoin is an ideal platform to start trading and buying crypto. 
• Support for 60+ fiat currencies makes it one of the most accessible P2P platforms. You can use a range of currencies from both major and emerging regions to make P2P trades, with support for local and region-specific payment methods.
• KuCoin prioritises P2P security, with strict vetting on merchants that require additional identity verification to make things safer for all users. It also has an escrow system that holds exchanged funds until there is confirmation of the fiat payment.