20 Best P2P Crypto Exchange In 2024

In this post, I’ll be covering P2P crypto exchanges. More specifically, their safety measures, whether or not they are easy to use, transaction times and fees.

The purpose of this manual of this manual is to give you enough knowledge to choose the best peer-to-peer cryptocurrency exchange for your needs.

Key Points & Best P2P Crypto Exchange

20 Best P2P Crypto Exchange In 2024

1. OKX

OKX is among the most favoured P2P cryptocurrency exchange platforms. It offers reasonable rates and has robust security features, too.

This platform allows people worldwide to buy or sell digital currencies through various payment methods since it is easy to use.

Additionally, OKX has a reliable reputation and provides 24/7 customer service, which is perfect for beginners and professionals who frequently trade.

Pros And Cons OKX

Pros:

• Many different types of cryptocurrencies: There are many digital assets to choose from when trading.
• Cheap rates: Reasonable trading fees and cost-effective for users.
• Advanced Trade Tools: Futures, options and margin trading tools are provided.

Cons:

• Limited Fiat Options: There are fewer fiat currency deposit and withdrawal options available here than other exchanges.
• Regulation issues: Certain jurisdictions scrutinize this platform, which affects its worldwide coverage.
• Customer support problems: Some clients have reported slow clients have reported slow response times or unhelpful customer service representatives.

2. MEXC

MEXC is a unique company in P2P cryptocurrency trading because it charges fewer fees and provides more cryptocurrencies.

An easy-to-understand design, reliable security features, and various payment methods improve user experience.

MEXC ensures smooth transactions with their helpful customer service team, which is always available and open about what they do as a business.

Pros And Cons MEXC

Pros:

• Cheap Charges: Provides competitive trade fees and attractive fee formats.
• Broad Range of Cryptocurrencies: Offers a wide array of digital assets for trading.
• Sophisticated Trading Tools: These come with futures contracts, margin trades, and other advanced features.

Cons:

• Limited Fiat Support: Supports only a few fiat currencies for deposits or withdrawals.
• Regulatory Scrutiny: The exchange has had run-ins with regulators all over the world, which could limit its accessibility in some areas, if not lead to shutdowns entirely
• New Platform: MEXC is still relatively new compared to other exchanges; thus, it lacks trust from long-standing customers who are used to dealing with more established platforms like Binance, etc

3. Binance

When it comes to P2P crypto trading, Binance is second to none. They have an extensive selection of digital currencies and charge zero fees.

The system guarantees safe transactions, accepts multiple payment options, and provides around-the-clock customer support.

What sets Binance apart from other platforms is its robust user verification process and abundant liquidity, which ensure smooth and secure peer-to-peer cryptocurrency trading.

Pros And Cons Binance

Pros:

• Many Different Kinds of Cryptocurrencies: A broad range of digital assets can be traded.
• Features for Advanced Trading: Futures, margin trading, staking, etc.
• High levels of Liquidity: Traders can execute their orders quickly under better conditions.

Cons:

• Complicated User Interface: Beginners may find the platform difficult to navigate due to its many features.
• Regulatory Problems: This exchange has come under scrutiny by regulators and faced legal challenges in certain jurisdictions
• Concerns about Security: While generally safe, the platform had notable security breaches in previous years

4. Bybit

The user-friendly interface and robust security protocols make Bybit one of the best peer-to-peer crypto exchanges.

It provides different payment options at competitive rates. With solid liquidity and dependable customer service, Bybit guarantees smoothness and efficiency in global trading.

Pros And Cons Bybit

Pros:

• User-Friendly Interface: This user interface has been designed so that beginners and experienced traders can use it easily.
• High Liquidity: It ensures efficient trade execution plus good market depth.
• Strong Security Measures: The security of user assets is handled by implementing advanced security protocols.

Cons:

• Limited Fiat Support: It does not support many options for depositing or withdrawing fiat currencies.
• Regulatory Concerns: Some countries scrutinize this platform, limiting its accessibility in those areas with regulatory concerns.
• Geographic Restrictions: It doesn’t operate universally, thereby limiting accessibility among certain users in different parts of the world

5.BingX

BingX is a leading peer-to-peer cryptocurrency exchange with low fees and a wide range of digital currencies.

The secure system of BingX can support different payment methods and has customer service accessible daily throughout the week.

Being easy to use and known for its dependability, BingX suits beginners and those who have been in the business for a long.

Pros And Cons BingX

Pros:

• Small Costs: Has low withdrawal and trade fees.
• Different Kinds of Cryptocurrencies: You can use lots of different digital assets.
• High Liquidity: Efficiently executes trades with deep market liquidity.

Cons:

• Limited Fiat Options: A few fiat currency deposit and withdrawal options are available.
• Regulatory Scrutiny: In some places, there are challenges from regulators which might impact their ability to do business
• Newer Platform: Smaller competitors may not have as well-established a reputation because they haven’t been around as long as larger ones have been in existence.

6.KuCoin

A well-known P2P cryptocurrency exchange with low fees and a wide selection of cryptocurrencies is KuCoin.

Security on the platform is robust, there are many ways to pay, and the interface is easy to use. It has an excellent customer service team and high liquidity, meaning people worldwide can trade seamlessly utilising this system.

Pros And Cons KuCoin

Pros:

• Various Cryptocurrencies: Provides a wide range of digital coins to trade.
• Cheap charges: The company’s trading fees are competitive, and discount options can be offered with native KuCoin Token (KCS).
• Additional Trading Tools: Futures, margin trading, staking, lending…

Cons:

• Limited fiat currency support: There aren’t many ways to deposit or withdraw their fiat currencies on this platform.
• Customer support is subpar: People complain about long waiting times and difficulties resolving issues with the help of customer service representatives.
• Beginner unfriendliness: New users may find it difficult to understand how some features work as they were designed with experienced traders in mind.

7.CoinEX

CoinEX is unique in P2P cryptocurrency trading because of its low transaction fees and wide range of cryptocurrencies.

This platform has robust security features, accepts different payment methods and provides a simple interface for users to navigate.

CoinEX also has a customer service team that responds quickly to inquiries, securely ensuring smooth trades for everyone on the site.

Pros And Cons CoinEX

Pros:

• Digital Money Variety: Embraces a wide array of types of cryptocurrencies.
• Complex Trading Features: It has options for spot trading and futures.
• Firm Measures for Security: Strong safety measures are put in place to ensure that the assets of its users are safe from theft.

Cons:

• Poor Fiat Support: There are fewer methods through which users can deposit or withdraw fiat currencies.
• Customer Service: Some customers have complained about slow response times as well as inefficiencies when it comes to solving problems with them
• Novel Platform: As a relatively new exchange platform, it might not have built itself up over time like other more established competitors do

8.Gate.io

Regarding competitive fees and a wide range of cryptocurrencies, Gate.io is the best P2P crypto exchange.

The platform has robust security measures in place and accepts many different payment methods – all wrapped up in an intuitive interface design.

They offer robust customer support and high trading volumes and guarantee safety while trading on their site.

Pros And Cons Gate.io

Pros:

• Various Cryptocurrency Choices: They offer various digital assets and trading pairs.
• Features for Advanced Trades: Margin Trading, Futures and Options are provided.
• Strong Security Measures: Users’ funds are protected with multiple security protocols.

Cons:

• Limited Fiat Support: Fewer options for depositing and withdrawing fiat currencies.
• Regulatory Scrutiny: Faces regulatory challenges and scrutiny in various regions, potentially impacting accessibility.
• Complexity for Beginners: Advanced features and tools may overwhelm new users.

9. HTX

HTX represents a primary P2P crypto exchange with low fees and various cryptocurrencies. It has robust security measures, multiple payment methods, and an easy-to-use interface.

With quick-response customer service and high liquidity rates, HTX ensures hassle-free trading for every trader.

Pros And Cons HTX

Pros:

• Numerous Cryptocurrencies to Choose From: They have a great selection of digital assets and trading pairs.
• Tools for Advanced Trading: You can use futures, margin trading, and various order types and features.
• State-of-the-art Security Measures: They take users’ funds seriously by implementing robust security protocols.

Cons:

• Fiat Support is Limited: It doesn’t accommodate many fiat currencies for deposits or withdrawals.
• Regulatory Scrutiny in Some Areas: This exchange is not globally accessible due to regulatory challenges imposed in certain regions.
• Recently Established Exchange: Being a new platform means it hasn’t been around long enough to establish itself as reputable among other exchanges that have been operational for years.

10.BitGet

BitGet is unique to peer-to-peer cryptocurrency exchanges because of its low-cost fees and a wide array of supported digital currencies.

It has robust security measures, various payment methods, and an easy-to-use interface. Having a fast customer service team and abundant liquidity also helps guarantee that trading on BitGet will be seamless and dependable.

Pros And Cons BitGet

Pros:

• Inexpensive: Undercuts rival trading charges and rewards fee arrangements.
• Many Cryptocurrencies: It accepts digital assets and trade pairs from various sources.
• Sophisticated Trading Functions: Provides futures contracts, margin operations, and high-leverage choices for users.

Cons:

• Limited Fund Support: Very few options are available for depositing or withdrawing fiat money.
• Customer Service: Numerous clients experienced long wait times before receiving assistance from support team members, while others had different difficulties.
• Geographical Limitations: The service cannot be accessed from every country, which limits its usability among potential users based on where they reside at the moment.. until further notice, I can’t use it since I am not currently living there

11. Coinbase

Coinbase is a well-known peer-to-peer digital currency exchange that has gained prominence for its intuitive design and strong protection measures.

It accommodates many different types of cryptocurrencies and offers multiple payment options.

With low rates compared to other platforms and service agents always ready to help, Coinbase guarantees a dependable and straightforward trading experience.

Pros And Cons Coinbase

Pros:

1. Robust Security Measures: It has implemented strong security protocols that protect users’ funds.
2. Variety of Cryptocurrencies: It supports a wide range of digital assets.
3. Fiat Supportive: This platform provides different ways for people to deposit and withdraw their fiat money.

Cons:

• Expensive Services: Some competitors charge lower trading fees than Coinbase does.
• Fewer Advanced Features: Not many advanced trading tools are available on this site compared with other platforms.
• Regulatory Challenges: Coinbase has faced regulatory challenges in certain regions, which have led to increased scrutiny of its operations.

12.WhiteBIT

WhiteBIT is a P2P cryptocurrency exchange with low fees and a wide range of cryptocurrencies.

It has robust security features and an intuitive interface, allowing multiple payment methods. With excellent customer service and high liquidity, WhiteBIT guarantees a smooth and safe trading process.

Pros And Cons WhiteBIT

Pros:

• Discounted Charges: Provides competitive fees for trading and pulling out.
• Broad Spectrum of Cryptocurrencies: It supports various digital currencies and trading pairs.
• Interface that is easy to use: This user-friendly interface can be easily navigated by beginners and seasoned traders.

Cons:

• Fiat Support Limited: There aren’t many options when depositing or withdrawing fiat currencies.
• Customer Support: According to some users, there might be delays and problems contacting their support service centres.
• Platform Age: Being new compared to other exchanges, it may not have established a reputation like them yet.

13. Bitfinex

Bitfinex is a well-known peer-to-peer cryptocurrency exchange recognized for its advanced trading features and affordable transaction charges.

The platform supports multiple digital currencies and has robust security measures. An easy-to-use interface, several payment options, and dependable customer assistance make Bitfinex a safe place for trading with high productivity.

Pros And Cons Bitfinex

Pros:

• More Sophisticated trading Features: Derivatives, margin trading, and high-leverage options are available.
• Having High Liquidity: For efficient trade execution, there is a large amount of liquidity in the market.
• Strong Security Measures: It has robust security protocols to protect user funds.

Cons:

• Interface Is Complex: Due to its many features and tools, beginners may find the interface overwhelming.
• Customer support: Support sometimes can be slow in responding or not helpful at all, according to some users’ reports
• Geographical restrictions: Some users are limited from accessing because it’s not available in their countries

14. Bisq

Bisq is an excellent P2P crypto exchange that does not require any registration for decentralized trading. Different digital currencies are supported on the platform with substantial privacy rights.

Bisq is a clear-cut, no-nonsense system that uses low fees and secure peer-to-peer channels to enable transparent user control of transactions.

Pros And Cons Bisq

Pros:

• Decentralized Trading: It operates without central authority, making it more private and secure.
• No KYC Requirements: Trading can be done without mandatory identification verification.
• Diverse Payment Methods: Multiple payment methods are supported, such as cash transactions or local bank transfers

Cons:

• Lack of Liquidity: Its trading volume is lower than large centralized exchanges.
• Slow Transaction Times: Transactions take longer to complete than those carried out on centralized exchanges.
• Limited Cryptocurrency Selection: Fewer cryptocurrencies are available for trade than more prominent exchanges.

15.LocalCoinSwap

Offering various cryptocurrencies and charging low fees for trading them makes LocalCoinSwap the best peer-to-peer crypto exchange.

There are multiple payment alternatives on this platform. Moreover, it has strong security measures. It is also easy to use and decentralized, making it unique among other exchanges. Also, users from all over the world can benefit from its flexibility and safety while trading.

Pros And Cons LocalCoinSwap

Pros:

• Variety of Cryptocurrencies: It has many different digital assets available to trade.
• Several Payment Methods: Bank transfers, gift cards, and cash are all included in the options.
• Decentralization: This service tries only peer-to-peer exchanges with decentralized escrows for security reasons.

Cons:

• Not Enough Liquidity: Comparatively low trade volumes against more extensive centralised exchanges.
• Higher Fees: transaction costs are more expensive than on specific other platforms
• Being regulated in some places: Legal restrictions imposed by regulators in specific areas might negatively affect the company’s business operations.

16. Remitano

Remitano is a peer-to-peer cryptocurrency exchange. It has low fees and many different digital coins available for trading.

The platform is safe and provides several payment options. Users can also enjoy its intuitive design, responsive support team, and high protection level, ensuring reliability throughout Remitano transactions.

Pros And Cons Remitano

Pros:

• Multiple Payment Methods: Apart from bank transfers, one can deposit or withdraw cash using other methods provided.
• Strong Security Measures: The system has been fortified with solid security features to safeguard users’ funds.
• No KYC for Small Transactions: Unlike many platforms requiring verification at all levels, people can make little transactions without identifying themselves.

Cons:

• Limited Fiat Support: Compared with similar sites, this exchange has fewer options for depositing and withdrawing fiat currencies.
• High Charges: Transaction costs might be relatively high, especially during peer-to-peer trades, where they increase even further.
• Customer Support Services: Customer care representatives have complained about slow response time and general inefficiencies within their support staff team.

17. Coindirect

Coindirect is one of the top peer-to-peer (P2P) cryptocurrency exchanges famous for their competitive prices and support for many digital currencies.

It has a secure transaction system, a user-friendly interface, and various payment methods. Coindirect guarantees seamless and trustworthy trade operations by providing efficient client service and robust safety measures by providing efficient client service and robust safety measures.

Pros And Cons Coindirect

Pros:

• Multiple Payment Methods: They give users several payment options, such as bank transfers, mobile money and cash payments, among others.
• Decentralized Trading: With Coindirect’s peer-to-peer system, trades occur directly between buyers and sellers without any intervention from a third party, such as an exchange platform or brokerage firm, significantly enhancing privacy and security.
• Strong Security Measures: Coindirect employs top-notch security systems, including firewalls, SSL encryption certificates, and two-factor authentication (2FA) verification processes, among others, to secure customers’ funds against hackers and fraudulent activities.

Cons:

• Limited Fiat Support: Compared to other platforms, there could be fewer options when accepting fiat deposits or withdrawing.
• Higher Fees: The cost per transaction may be relatively high, especially during P2P trades where one needs to pay for the services rendered by intermediaries;
• Regulatory Pressure: Some governments might impose stringent regulations on indirect, thus limiting its expansion worldwide

18.OpenPeer

OpenPeer is a unique peer-to-peer cryptocurrency exchange that provides decentralized trading with low fees.

It allows various cryptocurrencies and respects the anonymity of its clients. Trustworthy transactions and an intuitive design make OpenPeer a dependable platform for everyone interested in transparent trading.

Pros And Cons OpenPeer

Pros:

• Decentralized Trading: Functions on a decentralised model that promotes privacy and control among users.
• No KYC Requirements: It doesn’t need identity verification, hence keeping the user’s anonymity.
• Various payment methods: Accepts different payments like crypto-currencies or local bank transfers.
• User Privacy: Designed with a strong focus on user privacy protection

Cons:

• Lack of Liquidity: Lower trading volume compared to large centralized exchanges may result in limited liquidity
• Slow Transaction Times: Transactions might take longer to process because they rely more heavily on public blockchain confirmations than centralized ones do
• Limited Cryptocurrency Selection: Fewer cryptocurrencies are offered here as compared to other major platforms

19. Paxful

Paxful is a peer-to-peer cryptocurrency exchange that uses various payment methods and has low charges.

The system works with many digital forms of money in a highly protected atmosphere fortified by strong user identification.

Paxful provides an easy-to-use interface that supports responsive customer care to ensure seamless trade execution.

Pros And Cons Paxful

Pros:

• A Lot Of Methods To Pay: This website accepts many payment methods, such as bank transfers, gift cards or cash deals.
• Small Transactions Do Not Require KYC: They do not force you to verify your identity for small transactions, thus giving you more privacy.
• Many Cryptocurrencies Available: There are many types of cryptocurrencies that you can trade with on this platform.

Cons:

• Fees Are High: Transaction fees charged by Paxful can sometimes be higher than those offered by competing platforms, especially when using specific payment methods.
• Limited Fiat Support: This service has few options for depositing or withdrawing fiat currencies compared to similar services/providers/competitors.
• Support Issues: Customer support is said to be slow at times, and there have been reports about problems with their customer service department itself, too./Users have complained that support takes a long time to respond and has difficulties resolving issues adequately

20. Gemini

Gemini is the best P2P cryptocurrency exchange with a strong security and compliance record. The platform offers various cryptos and charges low fees.

Gemini is also user-friendly and has excellent customer support to ensure that every trader has a safe and smooth experience while using it for trading purposes.

Pros And Cons Gemini

Pros:

• Solid safety measures: It has strong security measures such as digital asset insurance and regular security audits.
• Many cryptocurrencies are supported: They support a wide range of coins for trading purposes.
• Fiat support: Provides various methods for depositing and withdrawing fiat currencies on their platform.

Cons:

• Limited advanced features: It does not have all the advanced tools or features for trading that some exchanges offer.
• Customer Support: Responds slowly according to what some people say; they also face difficulties while trying to get help from customer care representatives.
• Geographical restrictions: Not accessible in every country; some individuals may miss out on using this service due to location.

How To Choose the Best P2P Crypto Exchange?

Finding the best P2P crypto exchange requires looking at some factors. Here are the guidelines to follow:

Security Measures: Choose exchanges that have robust security measures like two-factor authentication (2FA) for logins, encryption of data transfer between users and servers, and cold storage wallets where most funds are held offline so they cannot be hacked easily.

User Interface and Experience: Opt for platforms that offer easy-to-use interfaces and intuitive design principles, making it more straightforward, even if you’re new.

Transaction Fees: Compare different exchanges’ fee structures, including trading fees, withdrawal fees, or any other hidden charges, then choose one that suits your budget – a good rule could be going with those charging low percentage rates based on transaction size, e.g., 0% – 0.2%.

Liquidity: Liquidity is significant when it comes to trading cryptocurrencies because higher levels mean faster execution times thus, better prices for buyers/sellers alike; , therefore check how much volume an exchange has over specific periods, such as a daily basis, so you don’t get stuck unable to buy/sell.

Payment Methods: Ensure the platform supports various payment methods ranging from bank transfers through credit cards or PayPal, among others,, hence giving users flexibility based on their preferences andalso taking into account availability within respective countries.

Customer Support: Consider channels provided by customer support departments, such as email support and phone calls.

What Payment Options Do P2P Exchanges Support?

P2P exchanges can support a range of different payment options to assist consumers. Here are some examples:

Bank Transfers – Most P2P platforms allow users to transfer money from their bank accounts to complete transactions directly.

Credit and Debit Cards – Some P2P exchanges offer the option to use credit or debit cards when buying/selling cryptocurrencies.

E-wallets – These sites support standard e-wallet services such as PayPal, Skrill, and Neteller because they provide fast and convenient payment methods.

Cryptocurrency Wallets – Users may pay straight from their crypto wallets; this makes it easier for people who want to transact cryptos only.

Mobile Payment Systems – Mobile payment systems like Apple Pay or Google Pay are occasionally supported for ease of use.