12 Best P2P Crypto Exchanges in 2025

MEXC is recognized for its fast listings of new tokens and broad accessibility. The platform ensures security with KYC verification, two-factor authentication, and robust reserve protection.

It’s a P2P marketplace, available through the MEXC mobile app and website, that allows seamless trading between fiat and crypto with secure asset transfers.

Buying on MEXC P2P:

• Complete KYC verification and enable two-factor authentication to begin trading.
• Go to the P2P section and select your preferred fiat currency and crypto pair.
• Browse from the list of available merchant offers.
• Choose the best deal, enter the trade amount, and place the order.
• Complete the payment within the allowed timeframe and confirm the transaction.

Selling on MEXC P2P:

• Select a suitable deal to sell your crypto.
• Verify receipt of fiat payment from the buyer.
• Release the crypto once the payment is confirmed.

 OKX is one of the world’s largest exchanges, with a provision for P2P crypto trades. It offers significant liquidity, zero trading fees, and a quicker KYC verification process. OKX also provides several trading options, including margin, futures, staking, and lending, ensuring the best trading experience.

Buying on OKX P2P:

1. To initiate a buy trade on OKX P2P, first verify the account
2. Select the preferred fiat currency and cryptocurrency
3. OKX offers filters for price or available amount to ease the search for the best deal
4. After choosing a suitable offer, tap the buy button
5. Specify the purchase amount and payment method
6. Make and confirm the transaction
7. OKX holds the purchased cryptocurrency for the buyer in escrow until the seller confirms the received payment
8. As confirmed, the asset is transferred to the OKX wallet of the buyer

Selling on OKX P2P:

1. Select the payment currency to receive and the cryptocurrency to sell 
2. Confirm the deal and payment received from the buyer
3. Release the cryptocurrency to complete the transaction

Bitget’s peer-to-peer platform allows person-to-person trading using local currencies. It allows using fiat currency for purchasing cryptocurrency without any intermediary. It acts as a platform that enables users to trade on their own terms.

Buying on Bitget P2P:

• Enhances the trading by giving users the option to set prices, choose partners, and select payment methods. 
• It allows a more flexible and faster trading experience compared to traditional exchanges.
• Create advertisements to buy and sell cryptocurrencies. 
• P2P trading does not incur any extra fees.

Selling on Bitget P2P: 

• Trading with verified traders with visible trades and ratings. 
• Escrow service ensures crypto is received only once the payment has been made. 
• Accesses various buyers in real-time on competitive rates.

Binance is a widely-recognized and one of the best P2P crypto exchanges that offers users a seamless P2P trading experience. To benefit from Binance’s services, users need to be KYC-verified. This product allows individuals to trade crypto for fiat, eliminating the involvement of third-party. It bypasses traditional spot exchanges and ensures secure and verified transactions.

Buying on Binance P2P:

1. Select the desired cryptocurrency and navigate through a list of advertised sales to find the best deal
2. Binance offers filters based on amount, currency, and payment method for a more informed decision-making
3. Once the best deal is found, place an order by choosing the mode of payment
4. Make and confirm the transaction
5. Binance then holds the crypto asset in the escrow until the seller confirms the fiat payment. 
6. As confirmed, the crypto assets get credited to the buyer’s Binance wallet.

Selling on Binance P2P:

1. To sell a crypto asset, hold it in the Binance funding wallet
2. Once done, choose the desired fiat currency for the trade
3. Review the available advertisements to find the buyer matching the trade specifications
4. Confirm the deal and wait for the buyer to transfer fiat into the preferred payment mode
5. Confirm the received payment, and the crypto asset gets transferred to the buyer

Paxful is a specialized peer-to-peer crypto exchange launched in 2015. It distinguishes itself by supporting only three cryptocurrencies – Bitcoin, USD Coin, and Tether. However, its strength lies in its huge number of fiat payment methods. 

Buying on Paxful P2P:

1. Choose the desired cryptocurrency, payment method, fiat currency, and specific amount
2. Buy with fee-free P2P trades, regardless of the chosen transaction amount or payment method

Selling on Paxful P2P:

1. Sellers might have to incur a 1% fee based on the transaction amount
2. Select the crypto for sale and receive payments through various methods, including gift cards

KuCoin is widely popular for its diverse offerings. It ensures security via KYC verification and SMS authentication. Its P2P exchange is available on the KuCoin mobile app, and it facilitates secure asset transfers, allowing users to trade with various fiat currencies.

Buying on KuCoin P2P:

1. To begin trading on KuCoin P2P, complete KYC verification and SMS authentication
2. Upon setup, move to the P2P tab, select the preferred fiat currency and cryptocurrency
3. Choose from a list of available trade advertisements
4. After selecting the best seller Ad, specify the trade amount
5. Make and verify payment by completing the transaction within a specified timeframe

Selling on KuCoin P2P:

1. Choose the appropriate deal to sell the crypto
2. Confirm the transaction once the fiat is received
3. Release the crypto to the buyer

Bybit’s P2P exchange facilitates the free conversion of cryptocurrencies to huge numbers of fiat currencies. The platform ensures a 15-minute limit for transactions, thus making them more secure and seamless.

Buying on Bybit P2P:

1. To initiate P2P trading on Bybit, sign up and complete the Level 1 KYC
2. Complete facial recognition and passport verification
3. Navigate to the P2P tab and choose the option to buy
4. Select the trade requirements and choose a listing matching the order specifications
5. Once filtered, complete the transaction within the 15-minute time limit.

Selling on Bybit P2P:

1. To sell on Bybit P2P, the seller must choose the Sell option from the P2P trade tab and release the crypto after confirming the payment receipt. In case of failure to release crypto within the 15-minute timeframe, buyers may submit an appeal to Bybit support for a resolution.

Bisq is one of the best P2P crypto exchanges with a decentralized and open-source trading approach. Bisq buyers and sellers run desktop software on the servers. Unlike centralized exchanges, it allows direct connections without an intermediary.

Buying and Selling on Bisq P2P:

1. Bisq’s open-source software supports fiat payment agreements. However, users should be aware of the potential risks as there are limited resolution systems.

Huobi is a popular P2P crypto exchange in emerging markets. It is widely preferred across Asia. The exchange supports 59 payment methods and six cryptocurrencies. ANd the best part is, it does not charge any fee from buyers or sellers. The platform also offers an Anti-fraud Practitioner and a bounty program for website vulnerability reporting. This helps it stay secure and free from bugs.

Buying on Huobi P2P:

• Login to Huobi and click on Buy Crypto dropdown icon
• Choose the option of P2P
• Place the buy order and select vendor suiting your offer
• Choose currency, amount, and payment method
• Place the order

Selling on Huobi P2P:

1. Log in to Huobi account
2. Select Buy Crypto and then choose the P2P option
3. Toggle to the Sell option
4. Choose asset and price
5. Enter amount and payment method
6. Confirm the order

LocalCoinSwap is a leading P2P crypto exchange. It supports 20+ digital assets. Additionally, there are 300+ payment methods, including e-wallets and local bank transfers. The exchange also offers a beginner-friendly dashboard. Furthermore, it has a rating system in place.

Buying on LocalCoinSwap P2P:

• Register or log in to your account
• Search for advertisements from buyers
• Open a trade that suits your requirements and agree to terms
• Pay the seller
• Mark payment complete and the crypto gets transferred to your wallet

Selling on LocalCoinSwap P2P:

• Sign up and search for an advertisement from a buyer
• Initiate the suitable trade and agree to terms
• Receive payment and release crypto

BitValve serves as a premier P2P Bitcoin exchange. It enables crypto services for users from regulated regions. The exchange allows the traders to use various payment options, including mobile phone credit, Apple Pay, Chime, Payoneer, Xoom, local bank transfers, gift cards, etc. It also leverages escrow systems for enhanced security of the assets during transactions.

Buying on BitValue P2P:

• Login to your account and look for offers from sellers
• Find the trade that suits your preferred crypto and payment method
• Initiate a trade and communicate through chat
• Complete the trade using escrow
• Cryptocurrency will appear in your BitValve wallet upon completion

Selling on BitValue P2P:

• Create an offer specifying the cryptocurrency and terms
• Wait for a buyer to initiate a trade based on your offer
• Communicate with the buyer through chat 
• Release the cryptocurrency to finalize the trade once the fiat payment is received

OpenPeer is a decentralized crypto exchange protocol. It is recently launched and charges a mere 0.3% fee for sellers. This is significantly lower than typical CEX fees. The exchange also covers gas fees through decentralized relayers. This helps ensure low transaction costs for the users. 

Buying on OpenPeer P2P:

• Navigate to OpenPeer 
• Select the desired cryptocurrency and payment method
• Initiate a trade with the chosen party and communicate through chat
• Complete the trade using the smart contract-based escrow
• Crypto will be transferred to your self-custody wallet upon completion

Selling on OpenPeer P2P:

• Create an offer specifying the cryptocurrency and terms
• Wait for a buyer to initiate a trade based on your offer
• Communicate with the buyer through chat
• Release the cryptocurrency once the payment is received

P2P exchanges connect users directly, eliminating third-party involvement. On these platforms, users create Ads to buy/sell crypto in exchange for fiat. These are customized/filtered based on several criteria like amount, currency, and preferred mode of payment. Once a suitable Ad is found, users may trade and engage with other peers directly per their preferences. 

The exchanges act as secure mediators and use escrow to safeguard the crypto assets until the transactions are validated. Once confirmed, the acquired crypto is then transferred to the buyer’s wallet while the seller receives the agreed fiat payment.

Here are the factors to consider while choosing the best P2P crypto exchange:

Cryptocurrency Support:

Check the range of cryptocurrencies supported by the exchange. While major L1s, like Bitcoin and Ethereum, are mostly common, the best P2P crypto exchanges have a diversified portfolio of Altcoin offerings.

Fiat Currencies and Payment Methods:

Consider the options of fiat currencies and the mode of payment that the platform supports. For example, OKX, from our list of the best P2P crypto exchanges, supports 100+ fiat currencies, local and regional bank transfers, e-wallets, and more, which is very comprehensive.

Fee Structure:

The fee structure associated with P2P trading should also be considered. Several leading exchanges offer zero-fee transactions, benefiting buyers as well as sellers. However, a few charge fees to sellers. Thus, you must choose carefully based on your preferences.

Security Protocols:

Prioritize security with a focus on the platforms leveraging escrows. This safeguards the seller’s tokens until the buyer completes the payment. Sometimes, it is also time-bound, thus creating a secure trading environment.

Trading Volume:

Acknowledge the lower trading volume on exchanges having a direct nature. Choosing platforms with higher traffic is thus a wise choice, and it also ensures quicker transaction execution.

• Lower Fees: P2P exchanges are cost-effective as they eliminate middlemen, resulting in lower transaction fees and more security.
• Enhanced Privacy: P2P exchanges have easier and quicker KYC requirements. It is highly appealing to users who like transactional privacy with anonymity.
• Greater Control: P2P exchanges offer more control over trades. They allow users to set personalized prices and filters.
• Localized Services: Crypto P2P exchanges offer effective local market trading. It helps facilitate transactions in local currencies and payment systems, easing transactions for the traders.
• Support for Various Payment Modes: P2P Exchanges offer numerous payment methods, including bank transfers, PayPal, etc. This provides users with diverse transaction options and flexibility.

• Higher Fraud Risk: The flexible KYC of P2P exchanges exposes users to fraud and scam risks.
• Lower Liquidity: Some P2P exchanges have lower trading volumes. It impacts liquidity and makes large trades harder to execute.
• Lesser Transaction Times: Transactions on P2P platforms may be delayed as per the payment method. This raises a concern for traders who rely on timely execution.
• Lack of Customer Support: P2P exchanges sometimes need more dedicated customer support. This poses challenges for users in case of transactional issues.

In the realm of P2P crypto exchanges, each platform offers distinct features. This assists users with diverse trading preferences. They offer the users top security measures, fee benefits, and multiple supported cryptocurrencies. This provides the users with secure and rapid transfers and savings. 

P2P trading options offer a cost-effective alternative to traditional methods. It also ensures efficient and safer transactions.