8 Best P2P Crypto Exchanges to Try in 2025

We have gathered the best peer-to-peer (P2P) exchanges for trading cryptocurrencies. A peer-to-peer (P2P) exchange is a platform that allows buyers and sellers to trade cryptocurrencies directly with each other.

Since there are no intermediaries, users can set their terms and conditions for P2P trading. Peer-to-peer marketplaces offer several benefits over traditional exchanges, including lower fees and more privacy. P2P marketplaces offer different cryptocurrencies with different payment methods and terms.

Pick the best peer-to-peer platform for exchanging cryptocurrencies from our list that fits your needs.

The best P2P crypto exchanges – Our picks 

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Reviewing each of the best P2P crypto exchange picks, one-by-one

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1. OKX P2P – Secure high-volume P2P marketplace for professional traders

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Available P2P cryptocurrencies

USDT, USDC, BTC, ETH, and DAI

Visit OKX

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OKX is one of the biggest crypto P2P exchanges. The exchange offers an easy-to-use mobile app with plenty of useful features, analytical tools, and access to several investment products.

• Low minimum requirement: Start trading with as little as 1 USDT
• Block trade support: Large transactions ($10,000+) are supported
• Zero fees: No fees when you trade.

Rating: 9/10

On the platform, buyers can filter sellers by crypto, payment method, fiat currency, and how much they want to spend. Sellers set their own rates and choose which payment types they’ll accept.

Once a buyer shows interest, the seller shares payment instructions and locks their crypto in OKX’s escrow. After the buyer sends the funds, OKX releases the crypto.

There’s also an express buy feature. You enter the currency and crypto you want, and OKX picks the best deal for you.

User reviews and ratings help both sides choose trustworthy partners.

OKX has rolled out in Belgium and the US, with support for over 200 cryptocurrencies. They’ve also added a new feature—OKX Pay Wallet—built into the app for fast stablecoin payments with USDT or USDC. The goal is to make sending crypto feel more like texting.

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2. MEXC P2P – P2P exchange focused on KRW, RUB, and VND

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Available P2P cryptocurrencies

* USDT, USDC, BTC, and ETH

Visit MEXC

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MEXC, a platform trusted by millions of users globally, allows P2P trades in over 30 payment methods and 3 fiat currencies. However, the P2P services are available only to verified users in Vietnam, South Korea, or Russia.

MEXC allows users to easily register their payment methods, including Momo, ShopeePay-SEA, bank transfers, and ZaloPay. The exchange doesn’t charge any trading fees to buy and sell cryptocurrency assets on the P2P platform.

Rating: 8/10

The exchange ensures that users on the platform are verified account holders, and each trade is secured through escrow service. The platform has a live chat box to maintain trust further, allowing users to communicate directly with P2P merchants.

To help buyers select the right seller, the exchange provides in-depth information on sellers, including their number of previous trades, ratings from other buyers, and more. Moreover, each seller has a minimum and maximum purchase amount.

Users need to complete primary KYC to start using MEXC P2P and trade the numerous new MEXC listings. New users who have been P2P merchants on other platforms for at least one year enjoy the same status on MEXC.

MEXC has also added PumpSwap to its DEX+, giving users more ways to trade without relying on centralized systems.

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3. Binance P2P – Diverse P2P options for global cryptocurrency traders

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Available P2P cryptocurrencies

* USDT, USDC, BTC, ETH, ADA, SHIB, DOGE, SOL, TRX, BNB, FDUSD, XRP, TON, PEPE, TRUMP, TUSD, and CHEEMS

Visit Binance

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Binance, widely regarded as one of the best platforms where to trade ETH, operates a dedicated P2P marketplace in addition to its margin and spot trading sections. The P2P platform boasts zero transaction fees and round-the-clock customer support, creating a smooth and efficient trading experience.

On 03/04/25, Binance announced new perks for its P2P merchants. Merchants will have three badges: bronze, silver, and gold, each with different perks. Automated security deposit top-up is available to all.

Rating 10/10

Binance P2P works like other peer-to-peer platforms. It uses an escrow system to hold crypto until both sides confirm the trade. There’s also a chat option so buyers and sellers can talk directly.

You can filter offers by payment method, currency, and seller rate. Most trades wrap up in under 15 minutes. There are no fees for basic P2P trades, but posting custom ads comes with a small cost.

Binance recently rolled out AI tools to help flag risky trades faster. It also replaced its old Cash Zone—where users could trade crypto with cash agents—with a new Express Mode. This feature automatically finds the best offers for you, skipping the hassle of browsing listings.

One catch? Binance doesn’t show real-time spot price comparisons. So you’ll need to check rates yourself before locking in a deal.

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4. Bybit P2P – P2P platform for PayPal-focused crypto traders

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Available P2P cryptocurrencies

USDT, USDC, BTC, ETH, IP, PLUME, DIAM, G7, and B3

Visit Bybit

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Bybit platform’s interface looks very similar to traditional spot market interfaces, which people with prior investment experience will be familiar with.

The exchange added Story (IP) and Plume Network (PLUME) to the p2p exchange, showing that high-demand tokens are regularly monitored.

Rating: 8/10

Bybit supports several fiat currencies, including USD, EUR, and GBP. To check if your local currency qualifies, head to the platform for the full list.

While Bybit currently offers just four cryptocurrencies, it allows users to trade with over 60 fiat currencies like MXN, USD, and GBP—without paying any crypto trading fees. The platform also provides a variety of payment options, making cross-border trades easier.

Bybit is expanding its P2P trading system to meet growing demand. To attract more users, it’s offering incentives such as merchant referral rewards and a faster verification process for high-volume traders. Plus, in Brazil, Bybit is giving users the chance to pre-register for a free physical card.

These changes reflect Bybit’s focus on making crypto more accessible and building a stronger, more efficient P2P market.

Despite this push, Bybit has faced setbacks. The FBI linked North Korean hackers to a $1.5 billion Ethereum theft from the platform—one of the biggest crypto heists ever.

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5. Bitmart P2P – Top INR-based P2P trading platform

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Available P2P cryptocurrencies

* USDT, USDC, BTC, ETH, and BMX

Visit Bitmart

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Bitmart is a reputable crypto exchange that has been operational since 2022. The P2P marketplace supports multiple fiat currencies but not USD.

Rating: 7/10

The supported fiat currencies are EUR, INR, RUB, UAH, and several others. We picked Bitmart as the best p2p exchange for Ukrainian users because the Ukrainian Hryvnia (UAH) was recently added to the p2p marketplace (November 2024).

It is worth adding that we checked the number of offers in UAH on Bitmart. Only a few offers are present as it is still a newly supported fiat currency.

Bitmart added instant messaging to the p2p exchange. Users can communicate and negotiate via IM, send pictures (such as completed transactions), and share secure account information like identity verification.

Bitmart imposes no fees for p2p transactions which makes it excellent for those ones looking to buy the best shitcoins available.

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6. KuCoin P2P – Altcoin-rich P2P marketplace for strategic swaps

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Available P2P cryptocurrencies

USDT, KCS, BTC, and ETH

Visit KuCoin

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KuCoin is a popular crypto P2P platform with a user-friendly interface and robust security measures. The platform supports over 30 fiat currencies and more than 100 payment methods. Moreover, it offers 24/7 customer support to resolve any disputes and issues quickly.

Rating: 8/10

KuCoin’s escrow services, mandatory KYC, and user rating system help reduce fraud and make the platform safer to use. It supports a wide range of payment methods, especially in countries with restricted crypto trading like India and Vietnam. You can also trade using major currencies like USD, EUR, and GBP.

There are no P2P trading fees—buyers just pay the seller’s exchange rate. Trades start at $10, which makes it easy for beginners to get started.

The platform has over 30 million users, so liquidity isn’t a problem. That means better prices and faster trades.

But KuCoin isn’t without issues. It recently pled guilty in the U.S. to running an unlicensed money transmitter and paid a $300 million settlement. It’s a reminder that crypto platforms still face serious legal hurdles in some markets.

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7. Gate.io P2P – Low-fee P2P exchange tailored for stablecoin traders

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Available P2P cryptocurrencies

USDC, USDT, BTC, ETH, and DOGE

Visit Gate

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Founded in 2013, Gate.io is one of the oldest crypto exchanges that is used by more than 16 million traders. The primary exchange lists more than 2,100 coins, while the P2P platform supports 4 coins — Bitcoin, Ethereum, Tether, and Dogecoin.

Rating: 8/10

Gate.io shows live spot prices right next to each coin, so you can quickly compare and get the best deal. You can filter sellers by payment method, currency, or even choose certified ones with a Blue VIP tick.

There are no P2P fees for buyers. Sellers might pay up to 0.2%, depending on trade volume. Gate.io supports 40+ fiat currencies and 100+ payment methods—making it easy to find what works for you.

KYC is required before you can start trading P2P. Once you’re in, a confirmation prompt checks every detail before the trade is finalized—amount, quantity, and payment method. Only online merchants are shown, and live chat is built in, so you can message directly.

Recently, Gate.io marked 12 years in the space with a major brand refresh and a sponsorship deal with Oracle Red Bull Racing. It also upgraded its spot trading engine to improve performance.

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8. Paxful P2P – Cash and mobile-friendly P2P crypto platform

Paxful is a peer-to-peer online marketplace that enables users to buy and sell selected cryptocurrencies with anyone in the world. The best thing about Paxful is that it supports over 350 payment methods, ranging from traditional options like bank or wire transfers to modern methods like Apple Pay or PayPal.

Rating: 9/10

Established in 2015, Paxful operates in over 100 countries and has served over 10 million users. However, the platform offers limited cryptocurrencies. The platform focuses heavily on ensuring users feel secure and safe.

Paxful users can use the BitGo wallet, which is considered one of the safest in the market. The platform also has a secure escrow service to facilitate smooth transactions and reduce the risk of fraud.  Moreover, it boasts a user-friendly interface and a robust customer support system, making it ideal for beginners and experienced traders.

Paxful follows a rigorous verification process to ensure the credibility of its users and meet its commitment to certifications and compliance. Additionally, users need to complete KYC to operate on the platform. Paxful doesn’t charge any fees from buyers, but sellers have to pay 1% service fee.

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The best peer-to-peer crypto exchanges compared

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Exchange	Payment Methods	Supported Cryptos	Trading fees
OKX	100+ fiat, bank transfer, Revolut, TransferWise	BTC, ETH, USDT, USDC, KCS	0%
MEXC	80+ methods (incl. VND, RUB, MYR, INR, etc.)	USDT, USDC, BTC, ETH	0%
Binance	800+ methods, 100+ fiat currencies	BTC, ETH, USDT, FDUSD, DAI, DOGE, BNB, TUSD	0% for takers; 0–0.35% for makers
Bybit	600+ methods, 370+ fiat currencies	USDT, ETH, BTC	0%
BitMart	100+ methods, Apple Pay, debit/credit	USDT, USDC, BTC, ETH, BMX	0%
KuCoin	100+ methods, 30+ fiat currencies	BTC, ETH, USDT, USDC, KCS	0%
Gate.io	Bank cards, Alipay, WeChat, SWIFT, M-Pesa	USDT	0%
Paxful	350+ methods, PayPal, gift cards, bank transfer	BTC, USDT, USDC	0.0005 BTC withdrawal fee; 1% for selling crypto; 5% for using gift cards

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What are the risks of P2P crypto exchanges?

The number one risk is fraud. Unlike credit card transactions, cryptocurrency transactions are final and cannot be reversed. Bad actors are using highly sophisticated methods to scam people new to crypto.

Additionally, if the wrong crypto wallet address is mistyped or any technical errors occur during the transaction, you may not be able to claim your lost money back. To reduce this risk, it’s wise to use secure hot wallets, including some of the best MetaMask alternative wallets that offer enhanced user protection and intuitive interfaces..

Reputable crypto exchanges, such as the ones we have listed, offer some protection. The clients’ ID is verified, and an escrow service is often used until the transaction is finalized.

Some crypto merchants may attempt to encourage you to finalize the deal off the P2P exchange with better terms. For your safety, transactions should only be made on the exchange.

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What are the benefits of P2P crypto exchanges compared to traditional exchanges?

The biggest benefit of using P2P crypto exchanges is the payment methods. Individuals who are interested in a greater diversity than credit cards and bank transfers will be a font of P2P trading platforms.

PayPal, Skrill, gift cards, and even cash in some exchanges are available in P2P markets.

Zero commissions are also common for some exchanges and selected cryptocurrencies, which is a major plus. For those who value privacy, exchanging tokens with merchants provides more privacy than other methods.

The transactions are fast, instant, and secure when carried on legitimate exchanges.

To boost engagement in P2P crypto trading, HTX (not on our top list yet) launched a mini app that allows transactions to occur on Telegram. If it turns out to be a success, other exchanges may join the trend.

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How to choose the right P2P crypto exchange

The above firms are the best P2P crypto exchanges, but they may or may not meet all your needs. Thus, you must select a P2P exchange that meets your requirements. Taking into account the following factors will help you to choose the right P2P crypto exchange:

• Number of supported cryptocurrencies: An ideal platform supports a wide range of cryptocurrencies. Multiple cryptocurrencies help traders diversify their portfolios and give them more earning opportunities.
• Fiat currencies and payment methods supported: A platform that supports more fiat currencies and payments will attract more users worldwide. Traders will get options to choose their preferred payment method and currency.
• Trading fees and user interface: High trading fees can significantly reduce your profits. Thus, it is important to select a platform that charges no fees or has minimum fees. Moreover, it is also important to select an exchange that has an easy and intuitive interface.
• Safety and security: It is crucial that you select an exchange that has implemented proper safety and security measures to protect both buyers and sellers, such as an efficient escrow system.
• Customer support and dispute resolution: A platform with quick and responsive customer support is vital to enrich the whole trading experience. Additionally, the platform you select must have a quick and effective dispute resolution mechanism, including for filing appeals.

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Taxes on P2P transactions: What you need to know

When you’re buying or selling crypto on P2P exchanges, taxes are something you need to pay attention to. In most places, crypto transactions are taxable, including those done peer-to-peer.

For the most part, the IRS and similar tax bodies view crypto as property, not currency. That means every time you buy, sell, or exchange crypto, you could be looking at capital gains taxes, depending on how much you profit.

Here’s what you need to know:

• Report gains and losses: If you make a profit, you owe taxes. If you sell for less than you paid, you can write off the loss.
• Track your transactions: Every time you trade, keep a record. You’ll need to track dates, amounts, and prices to calculate your gain or loss.
• Tax rates: Short-term gains (crypto held less than a year) are taxed as regular income. Long-term gains (crypto held for more than a year) often get taxed at a lower rate.

In some cases, local laws may differ, and some countries have unique rules for crypto transactions. So, it’s always a good idea to check what applies in your area.

If you’re looking for a tool to help you with tracking and filing, check out our article on some of the best crypto tax software to consider.

Being proactive about taxes now saves you headaches later. Keeping accurate records is key, so you’re ready when tax season rolls around.

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Our methodology explained

We considered several parameters to create our list of the best P2P crypto exchanges. Our team of experts finalized 15 parameters (both quantitative and qualitative) to rank the P2P exchanges.

We assigned each exchange a score on each parameter and used the total of those scores to determine the best crypto P2P exchanges.

Some of the parameters that we considered are:

• Supported coins and payment methods: We preferred exchanges that support more coins – both fiat and cryptocurrencies – and more payment methods.
• Mandatory KYC: Though KYC is somewhat against anonymity, we still prefer platforms that have a mandatory KYC process. A mandatory KYC helps make the platform and trade safe and secure.
• High liquidity: A platform with high liquidity ensures plenty of buyers and sellers on the platform, ensuring quick trade completion at a fair price.
• Escrow service: We only considered exchanges that offer a secure escrow service. A secure escrow system is very important for the smooth processing of P2P trades.
• Useful filters and rating system: We prefer a platform that provides useful filters for buyers to select the right seller for them.  Moreover, a platform offering ratings on buyers and sellers and allowing buyers and sellers to rate each other got higher scores.

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Best P2P Crypto Exchanges FAQs