Best P2P Crypto Exchanges

Binance P2P, part of the world’s largest crypto exchange (as of writing), stands out for its high liquidity and fast transaction speeds. Backed by a massive user base of over 270 million, trades are often completed within minutes, though timing can vary depending on the payment method.

Binance applies different trading fees for its P2P platform depending on factors like your preferred fiat currency, crypto, and Trade Zone. But one of its biggest strengths is flexibility. Supporting 800+ methods and 100+ fiat currencies, it lets you trade in your local currency and choose from options like bank transfers to e-wallets.

Now, let’s talk about security, because it's essential, even on a centralized P2P exchange. The platform implements an escrow service, which holds funds until both parties confirm the transaction. If something goes wrong, Binance’s dispute system steps in to review the situation and work toward a fair resolution based on each party’s actions.

Beyond escrow, Binance ramps up safety with AI-powered fraud detection. It can predict threats by looking at the patterns in historical data sets and prevent them from repeating in the future.

Lastly, the Verified Merchant Program boosts trust by highlighting reliable sellers with a yellow badge. These merchants meet Binance’s strict criteria and gain extra visibility, making trusted offers easier to find.

📚 Read More: How to Use Binance P2P

Key Features

If you prefer P2P over other types of crypto trading, Binance is one option that can fully answer your needs with the following advantages:

• User-Friendly Interface. In one go, see the available advertisements sorted in a list that you can filter based on price, completion rate, rating, and completed order numbers. This way, you can kill two birds with one stone - find a trusted seller and avoid fraud altogether.
• Decent Crypto Buffet. P2P normally doesn't feature as much crypto as the spot market. Nevertheless, you can find several of variants here, from blue-chip picks like BTC to off-radar gems like 1000CHEMS (but they will depend on the fiat currency ypu choose).

• Global Availability. Whether you prefer paying with EUR, USD, BRL, VND, or others, Binance lets you trade with no borders or barriers.
• Flexibility. Experience the freedom of buying and selling crypto at the best price you can find.
• Highly Monitored Process. Binance closely tracks every trade, preventing malicious actors from running away with stolen crypto.

Try out Binance yourself and see if it fills the bill as one of the best peer-to-peer exchanges.

Crypto veterans will likely recognize HTX, formerly known as Huobi, which ranks among the largest trading platforms with a massive $1 billion+ in volume.

In September 2018, HTX introduced a P2P functionality, and it has recently been integrated with Telegram for even greater accessibility. It has become the first peer-to-peer crypto exchange to do so on the popular messaging app.

As a result of this integration, there’s no need to switch between different apps or websites. Simply search for HTX on Telegram and locate the mini app. Select your preferred language to start trading or participate in P2P or referral activities.

For users who prefer a more traditional approach, HTX’s established P2P crypto exchange software is still available via its website and mobile app. Both platforms boast sleek, user-friendly interfaces suited for traders of all levels. This platform implements essential security measures, including KYC verification and escrow service.

Additionally, a 50,000 USDT security fund incentivizes traders to report fraud through the platform’s Guardian Project. If you report any unusual ads, misleading listings, or signs of illegal activity, and the submission is validated, you can receive between 10 to 200 USDT.

Key Features

Bitcoin peer-to-peer is not the only specialty of HTX. There are others worth noting:

• Transparent Listing. Discover a spread of offers with helpful tags, such as "Most Popular", "Low Threshold", and other details like Payment Method and Purchase Limits. All this info will come in handy in your decision-making.
• Zero Commission Fees. Trade on a P2P marketplace without worrying about hidden fees eating into your profits.
• Global Coverage. HTX's peer-to-peer is available in over 170 countries. Plus, it features more than 59 local payment methods.

• Anti-Fraud Practitioner. Before any fraud sneaks into your transaction, HTX will immediately prevent it from happening with its high-grade transaction scanning and detection engines.
• Layered KYC. Merchants who'd like to join need to complete a Facial Recognition and obtain a certified Advertised Verification. Such steps are necessary to implement a regulated and safe trading process for everyone.

Finally, there is the Guardian Project. If you're someone who loves hunting bugs (and no, I'm not talking about bees and beetles, but security bugs), you can get a reward of up to 50,000 USDT for your contribution in preventing illegal activities on the platform.

BYDFi, established in 2020 as BitYard and rebranded in 2022, is a one-stop trading platform known for its easy-to-use tools. It offers diverse options, including perpetual contracts, copy trading, and one of the best P2P exchange setups on the market.

The platform's intuitive design ensures straightforward navigation and trade completion, while its strong emphasis on security is backed by an escrow service that securely holds funds until both parties confirm payment.

The P2P platform supports a more limited selection of seven fiat currencies (USD, CAD, HKD, IDR, PHP, RUB, and VND) and four cryptocurrencies (USDT, BTC, ETH, and XRP) compared to other platforms, but still offers a variety of payment methods, including bank transfers and digital wallets.

If you're interested in posting your own ads, you can sign up as a certified merchant to gain a special badge, enhancing your reputation and allowing higher crypto amounts per ad.

With its combination of ease, security, and a wide range of payment and privacy options, it’s no wonder it ranks among the best P2P crypto exchanges available today.

Key Features

BYDFi's P2P doesn't just connect buyers and sellers. It also connects you to a protected trading environment. Let's see the details:

• Interchangeable Payment Method. On BYDFi, the P2P market is seamlessly connected to Quick Buy, so you can buy crypto immediately without jumping through hoops.
• Responsive Customer Support. Whether it's a stuck deposit or login problem, click on the bright yellow circle button in the bottom right. Type in the issue you're facing, support it with any attachments if needed, and the customer support will immediately be at your service.
• Best Deal, Prioritized. Sometimes, people take the P2P trading route due to its low fees. BYDFi understands that assignment to the dot, putting the trade ads with the lowest prices at the top.

• Easy Onboarding. If you're a buyer, simply navigate the P2P marketplace, configure the fiat currency for the payment, select a merchant, and check out your order. Best of all, you won't be incurred with any charges.
• Merchant Certification. BYDFi ensures only serious merchants apply to its P2P program.

To sum up, BYDFi's P2P is a win-win for both parties. As a seller, you can obtain the verified badge and build trust within the community. As a buyer, you can trade without getting caught in shady dealings. Give it a try and see how smooth sailing peer-to-peer can be.

With over 100 regional payment methods and support for 100+ fiat currencies, OKX's P2P platform stands as one of the best P2P crypto exchanges, aiming to make peer-to-peer trading globally accessible, particularly for those without traditional banking access. As stated in their blog:

Peer-to-peer (P2P) trading is emerging as a beacon of hope, offering a lifeline to those in developing countries who've been left on the sidelines of the conventional financial landscape.

OKX charges zero fees on P2P trades, though specific payment methods might incur rates. With over 60 million registered users worldwide, this P2P exchange offers broad opportunities for matching with counterparties, often resulting in competitive prices and smoother transactions.

The platform also offers a tiered merchant program that gives verified sellers various perks such as increased ad exposure, priority customer support, and ad limits up to $150,000.

Now, you might notice that OKX has a DEX platform. If you’re looking for a decentralized P2P exchange, sadly, it’s not yet available here.

📚 Related: Best Decentralized Exchange

Key Features

Some users say they prefer OKX to any P2P exchange software out there. What could be their reason? Here are some clues:

• Easy Onboarding. Don't know where to get started? OKX will show you how. There are two videos - for buying and selling - that you can effortlessly follow.
• Express Trading. Apart from the usual P2P interface, you can also use the "Express" tool, which simplifies the whole process, resembling the quick crypto purchasing with fiat many exchnages offer.

• Deep Filters. Use the sorting or the filter tool, or better yet, enter the budget you have for the P2P transaction in the currency of your choice.
• Tiered Merchant Program. Be part of OKX's global network of merchants. Level up to Super or Diamond level for extra perks like increased pending order, customer support priority, and higher trading limit.
• Block Trading Integration. This P2P marketplace allows you to move large amounts of crypto, worth up to $10,000, in a breeze.

Admittedly, it's hard to find a P2P crypto exchange with no KYC, but I personally think that's more of a blessing than a curse. Exchanges like OKX, for instance, protect their users from money laundering with a mandatory KYC policy. So, if security matters highly to you, OKX is one platform that takes compliance seriously.

Kraken is one of the longest-standing and most reputable cryptocurrency exchanges in the world, founded in 2011 and based in San Francisco, USA. It is known for its strong focus on security, regulatory compliance, and a diverse range of supported cryptocurrencies. Kraken supports over 500 cryptocurrencies, making it one of the more versatile platforms for traders and investors looking to access a broad selection of digital assets.

Kraken is popular among both beginners and experienced traders because it offers a variety of trading options, including spot trading, margin trading, futures contracts, and staking services. Its trading fees are competitive, typically ranging between 0% and 0.4%, depending on the user’s trading volume and order type.

Security is one of Kraken’s most notable strengths. It employs cold storage for the majority of user funds, two-factor authentication (2FA), SSL encryption, and strict surveillance of its systems. Additionally, Kraken has a Proof of Reserves audit feature, ensuring customers that their funds are adequately backed.

The platform also follows regulations in multiple regions worldwide, including the US, UK, Canada, and Australia. So, it is a great option if you’re looking for a platform with strong regulatory compliance.

Coinbase is one of the most well-known and user-friendly cryptocurrency exchanges globally, especially popular in the United States. Founded in 2012 and headquartered in San Francisco, it has grown into a publicly traded company (NASDAQ: COIN), which adds to its credibility and transparency. Coinbase is often the first choice for beginners due to its simple interface and straightforward buying process.

Coinbase supports over 250 cryptocurrencies, including major assets like Bitcoin (BTC), Ethereum (ETH), and a wide range of altcoins. It caters to different user levels through two platforms:

• Coinbase (Standard Platform): Focused on beginners, offering easy buying, selling, and holding of crypto.
• Coinbase Advanced (formerly Coinbase Pro): Designed for more experienced traders, providing advanced charting tools, lower fees, and a range of order types.

Coinbase places a strong emphasis on security to protect user funds and data. It secures approximately 98% of customer assets in cold storage, keeping them offline and away from potential hackers. Additionally, two-factor authentication (2FA) is required for account access, adding an extra layer of protection.

For US-based customers, USD balances are FDIC-insured up to $250,000, providing a safety net in case of platform issues. Sensitive user data is safeguarded through encryption protocols, ensuring that personal and financial information remains private. Coinbase also runs a bug bounty program, encouraging security researchers to report vulnerabilities, which helps maintain the platform’s robust defense systems.

If you want a feature-rich exchange that’s easy to use and doesn’t force KYC right away, WEEX is a strong pick. It’s a centralized exchange available in 130+ countries, including the US and Canada. Its interface is clean and familiar, which makes switching between spot, futures, copy, and P2P trading frictionless.

The exchange supports over 1,000 cryptocurrencies and more than 3,000 spot pairs, as well as plenty of perpetual USDT futures pairs with leverage of up to 400x. Also, there’s a demo futures mode with virtual funds, and copy trading where you can follow Elite traders (or become one and get an up to 20% profit share).

Security on WEEX is layered, featuring 2FA, anti-phishing protections, withdrawal address whitelisting, cold storage, multi-signature, proof of reserves, and even a 1,000 BTC protection fund. On top of that, WEEX claims to run independent third-party security audits and utilize AI-powered risk controls.

KYC is optional for core use – VIP 0 users can deposit, trade, and withdraw up to 10K USDT per day without verification. If you complete KYC, though, withdrawal limits jump to 1M USDT daily, with even higher thresholds at top VIP tiers (up to 15M USDT for verified VIP 8; 500K USDT for unverified VIP 8). The only feature for which you must pass KYC to access is P2P trading.

When it comes to WEEX's fees, spot trading costs start at 0.1% for makers and takers, while futures fees at 0.02% for makers and 0.08% for takers. However, the VIP club can further reduce these rates. To increase your VIP level, you have to trade more, hold WXT, the exchange's native token, or keep a higher asset balance.

Speaking of perks like the VIP club, WEEX offers various ways to earn rewards daily, including a hefty welcome bonus, daily Spin to Win, trading competitions, and a referral program.

WEEX Deal Active Right Now:

Are there any trade-offs, though? Well, all platforms have those. As for WEEX, fiat on-ramping is currently limited to P2P and supports a narrow set of currencies, so most users will have to fund their accounts via crypto deposits. Also, some WEEX reviews report experiencing slower customer support during busy periods.

The bottom line is that WEEX combines optional KYC, a huge supported crypto list, various trading features, low fees, and strong security into a smooth package. So, I'd say this exchange is great for beginners and pro traders alike, with only minor caveats that might not even bother most users.

PrimeXBT stands apart from standard crypto exchanges by offering a single platform where traders can access both crypto and traditional markets. Established in 2018, it bridges the gap between digital assets and global finance, combining high-performance tools, cross-asset flexibility, and 0% trading fees across major markets.

With more than 250 instruments available, traders can access crypto, forex, commodities, indices, and shares from one account. Trades can be closed and settled in BTC, ETH, USDT, USDC, or USD, allowing full control over portfolio diversification and growth.

Trading is supported through PXTrader, Crypto Futures, and MetaTrader 5, with leverage up to 500x on crypto and even higher on traditional markets. PXTrader and MT5 feature 0% trading fees and tight spreads, while Crypto Futures maker fees are set at a low 0.01%.

PrimeXBT supports both crypto and fiat funding, with convenient deposit and withdrawal options available globally. The integrated Crypto Exchanger enables quick, fee-free swaps between cryptocurrencies, stablecoins, and USD.

Security is reinforced through cold-wallet storage, multisignature protection, and geographically distributed Hardware Security Modules (HSMs). With 24/7 live support and a proven record of global reliability, PrimeXBT continues to stand out as one of the most versatile and trusted platforms for traders worldwide.

Summing it up, PrimeXBT delivers diversified market access, transparent pricing, flexible funding, and award-winning security, creating a unified experience that connects the best of crypto and traditional trading.