7 Best P2P Crypto Exchanges in 2025

For traders with different needs, MEXC supports 4,000+ trading pairs after your P2P purchase completes, and OKX’s Block Trade feature helps large buyers get better rates on orders over $10,000.

Peer-to-peer (P2P) platforms allow users to buy cryptocurrency directly from local sellers. P2P platforms often support hundreds of payment methods and currencies, and often have less onerous KYC requirements than centralized exchanges.

We analyzed over 50 peer-to-peer platforms to come up with a list of the best P2P crypto exchanges in 2025, ranking the top platforms for trading fees, purchase methods, delivery times, and available assets. Learn how P2P trading works and how to stay safe when completing orders.

The Top 10 P2P Crypto Exchanges in 2025

Our analysis identifies the following as leading P2P Bitcoin exchange platforms:

1. BestWallet – Best for users who want privacy, self-custody, and broad access to many coins.
2. Binance – Best for people who want high liquidity, many payment methods, and low or zero fees on peer-to-peer trades
3. MEXC – Best for traders who want portfolio diversification
4. KuCoin – Best for users who want a friendly, secure P2P platform with support for multiple cryptos and fiat currencies
5. OKX – Best for larger traders or users wanting a reliable exchange with many payment options
6. Bybit – Best for those looking for reduced seller rates
7. BingX – Best for beginners who want quick access to USDT
8. Bisq – Best for privacy-focused users who want a fully decentralized, no-KYC way to trade
9. HODLHODL – Best for those who value non-custodial trades and anonymity
10. Remitano – Best for new or casual traders who want a simple platform with escrow protection

7 Best Peer-to-Peer Crypto Exchanges Reviewed

Below you’ll find extensive reviews of the top peer-to-peer platforms. Read on to choose the best P2P cryptocurrency exchange.

1. Best Wallet – Top Anonymous Crypto App with Instant Fiat Purchases and Low Fees

Best Wallet is a popular crypto app for iOS and Android that offers an anonymous trading experience. The app serves as both a non-custodial wallet and an exchange. Users can buy over 1,000 cryptocurrencies instantly using bank transfers, debit and credit cards, and e-wallets such as Google Pay and Apple Pay.

Users get the best market fees, as Best Wallet sources exchange rates from hundreds of liquidity providers. Once the P2P payment is processed, cryptocurrencies are safely stored in the wallet balance – security controls include biometrics and two-factor authentication via SMS. Other Best Wallet features include a token Launchpad and instant token swaps.

Visit Best Wallet

2. Binance – Access Thousands of Dollars Worth of USDT Below the Spot Price

Binance users can purchase USDT on its P2P platform below the market price – multiple trading partners offer thousands of dollars worth of liquidity at sub-$1 per token.

This is happening on a platform that processes over 7.5 million P2P transactions annually, with the exchange dominating 39.8% of global spot trading volume in 2025.

This price dynamic lets users secure arbitrage opportunities, as P2P rates are locked in while buyers complete payment.

P2P traders have over 800 payment methods to choose from across over 100 currencies, including popular e-wallets like Skrill and Neteller. Binance ensures safe trading via a P2P escrow system, and both buyers and sellers must go through a KYC process before they get started.

Visit Binance P2P

3. MEXC – The Best Option for Portfolio Diversification with 4,000+ Supported Crypto Pairs

MEXC’s P2P crypto marketplace offers a no-KYC experience – users open an account with an email or mobile number only.

While the P2P platform supports USDT, USDC, Bitcoin, and Ethereum, the main MEXC exchange has over 4,000 trading pairs. Markets include traditional spot trading and crypto derivatives with leverage of up to 500x.

No additional fees are charged when buying cryptocurrencies from P2P sellers, and exchange rates are typically just above the global spot price. Limits are lower than on other platforms, so MEXC is a better fit for those who want to buy small amounts.

Visit MEXC P2P

4. KuCoin – A Flexible and Low-Fee P2P Option with Broad Crypto/Fiat Support

KuKoin’s P2P marketplace allows users to trade popular cryptocurrencies like BTC, ETH, USDT, USDC, and KCS directly with peers. The platform supports 100+ payment methods across 30+ fiat currencies. This way, it gives flexibility for local transfers, cards, and digital wallets.

KuCoin charges zero trading fees on P2P transactions. The cost to you is whatever markup the seller sets. Buyers and sellers benefit from escrow protection until both sides confirm payment, which helps reduce the risk of fraud.

The broader KuCoin exchange also supports 900+ cryptocurrencies, spot and futures trading, staking, lending, and trading bots.

Visit KuCoin P2P

5. OKX – A Great Option for P2P Traders Who Want to Purchase Large Amounts ($10,000+)

OKX is the go-to exchange for P2P traders with significant purchase requirements. Its Block Trade feature targets large-scale investors who need to buy over $10,000 worth of digital assets – in a market that’s projected to hit $16 trillion by 2034. The feature ensures that traders minimize the price impact and get the most competitive exchange rates without relying on over-the-counter (OTC) brokers.

The peer-to-peer crypto exchange supports USDT, USDC, Bitcoin, and Ethereum. Traders can choose from over 900 payment methods, including local and international transfers, e-wallets, and popular banking apps such as Revolut and Cash App. Once the assets are delivered to OKX, users can access hundreds of other markets, including spot trading, delivery futures, and options.

Visit OKX P2P

6. Bybit – Cost-Effective P2P Trading with No Markups and Free Voucher Discounts

Bybit is the world’s second-largest crypto exchange after Binance. It commands daily trading volumes of several billion dollars, and the platform recently surpassed 71 million users. The peer-to-peer suite supports USDT, USDC, Bitcoin, and Ethereum, and buyers have over 600 deposit options, including mobile payments, local transfers, and PayPal. The platform also offers more favorable exchange rates when claiming a super voucher. The drawback is that vouchers require users to complete KYC verification.

Users who prefer anonymity can withdraw up to 20,000 USDT daily without providing personal information or ID documents.

Visit Bybit P2P

7. BingX – Purchase USDT in Under 10 Minutes to Access a Huge Range of Trading Features

BingX’s P2P crypto exchange supports just one asset – USDT, yet it remains one of the best options to access the broader markets. BingX supports over 1,000 cryptocurrencies, including spot trading and perpetual futures with leverage of up to 125x. Automated tools include grid bots and copy trading.

The P2P exchange supports over 300 payment types and over 65 fiat currencies. Local methods include mobile transfers, LINE Pay, and Wing Money.

Most peer-to-peer sellers have a minimum purchase requirement of just $10, and upper limits often exceed several thousand dollars.

Visit BingX P2P

8. Bisq – Fully Decentralized, No KYC P2P Exchange

The Bisq platform is a peer-to-peer crypto exchange that runs as desktop software (no central servers) and lets you trade cryptocurrencies directly with other users. There is no registration, no identity checks, and no general custody. Your funds basically stay in your hands.

Trades at Bisq are secured via a 2-of-3 multi-signature escrow system, and the network routes traffic over Tor for privacy and censorship resistance.

9. HODLHODL – Non-Custodial Global P2P Platform for Bitcoin

HodlHodl is a peer-to-peer crypto exchange that emphasizes privacy and control. Trades are non-custodial (you keep your funds), and the platform doesn’t require KYC, just an email to start. It uses multi-signature escrow to secure trades, which helps reduce fraud risk. It supports a variety of fiat currencies and global payment methods.

10. Remitano – Easy and Beginner-Friendly P2P Exchange for Fiat – Crypto

Remitano is a P2P exchange that serves many regions, especially in Asia and Africa (but it is accessible globally). It aims to make buying and selling crypto, including Bitcoin, Ethereum, and USDT, accessible with fiat via local payment methods.

Remitano offers escrow protection to secure the trades and has a relatively simple interface, which makes it ideal for newcomers to crypto.

What Is P2P Exchange?

P2P crypto exchanges support peer-to-peer transactions – users purchase digital assets directly from sellers rather than on centralized exchange order books. The P2P concept enables users to settle trades in domestic currencies and use local payment methods, such as local transfers and e-wallets.

In terms of trading fees, the best P2P crypto exchanges let sellers choose their preferred rates. Merchants that require a quick sale often set rates below the global spot price, providing buyers with a discount.

How Do P2P Bitcoin Exchanges Work?

The escrow safeguard sits at the heart of P2P trading. Escrow systems ensure sellers deposit the required cryptocurrencies into the exchange’s wallet, which are locked while the buyer makes payment. The seller confirms they’ve received the funds, and the P2P platform transfers the crypto assets to the user’s wallet.

P2P Crypto Exchanges vs Standard Exchanges

While most P2P platforms are backed by traditional exchanges, the crypto trading process differs.

Here’s how peer-to-peer and standard exchanges compare.

Crypto Prices

P2P sellers choose the exchange rate that they wish to offer – this can be more or less competitive than the actual market price.

Standard exchanges use the order book system, which means prices are determined by market forces. Market makers ensure prices align with global spot rates.

KYC Requirements

Traditional centralized exchanges have increased their focus on KYC enforcement since the U.S. fined Binance $4 billion for money laundering failures. The result is that major exchanges require users to upload a government-issued ID when they buy cryptocurrencies with fiat money.

Peer-to-peer exchanges bypass these requirements, as buyers and sellers conduct trades directly. Platforms merely provide escrow services, meaning they don’t directly hold client funds. This makes the P2P system ideal for those who favor privacy and anonymity.

Supported Markets

Popular exchanges like MEXC and Bybit support thousands of cryptocurrencies across spot and futures markets. Yet, the same exchanges list just four crypto assets on their respective P2P platforms.

BingX users face similar challenges – P2P buyers can only purchase USDT while the main exchange supports over 1,000 coins.

The P2P framework helps investors enter the broader crypto ecosystem with fiat money, which is why it supports so few markets.

Payments and Currencies

When using a P2P Bitcoin exchange, you have access to a significant range of payment methods and currencies.

Users based in countries with limited exchange support can easily buy digital assets with local bank transfers, mobile payments, and domestic e-wallets. Transactions settle in the national currency, so buyers avoid foreign exchange fees.

Major exchanges, which support a global audience, typically offer fiat services in major currencies like USD, GBP, and EUR, and payments are limited to debit/credit cards. This lack of support for non-major payments alienates users outside of the developed world.

Liquidity

While peer-to-peer cryptocurrency exchanges rarely publish daily volumes, our research indicates that they account for a fraction of traditional spot trading markets.

For instance, platforms like MEXC, Binance, and OKX handle billions of dollars in transactions every day, yet the top P2P traders average volumes of only several thousand dollars. This directly impacts liquidity levels, whereas significant investments require multiple P2P sellers to meet the full requirement.

Peer-to-Peer Crypto Exchanges vs OTC Exchanges

Peer-to-peer crypto exchanges connect buyers and sellers, so both parties avoid centralized exchanges or intermediaries. Sellers choose their exchange rates, and buyers are free to purchase assets from their preferred merchant. P2P providers support a wide range of currencies and local payment types, making it more convenient to send and receive money.

The peer-to-peer concept is generally a good fit for casual users with small trading requirements, as liquidity levels are limited. It’s also popular with traders who favor anonymity, as many P2P platforms offer anonymous accounts.

OTC exchanges serve large-scale traders – typically those investing six or seven figures. The process requires a centralized broker to complete due diligence on the individual, including their purchase requirements and proof of the source of funds. The broker negotiates rates with tier-one liquidity providers, locks in the price, and waits for the buyer to transfer capital.

While OTC traders receive industry-leading prices, the trade-off is substantial account minimums, comprehensive Know Your Customer (KYC) identity verification, and payment methods limited to bank wires.

Is P2P Crypto Trading Secure?

P2P exchanges are generally safe, as the escrow framework ensures secure transactions. After the buyer chooses a merchant and accepts the displayed price, the seller must transfer the digital assets to the escrow wallet, which is controlled by the P2P platform. The platform instructs the buyer when it’s safe to send payment to the seller.

Another safeguard is that some exchanges require sellers to complete a KYC verification process, which deters scammers. Platforms also let buyers leave feedback after completing a trade, so future users can focus on sellers with positive reviews and an established track record.

P2P trading isn’t completely risk-free, though. Buyers should report sellers who request to complete trades outside of the platform and ensure they maintain adequate records, such as screenshots of chats and proof of payment. Ensure you use a strong account password and if available, activate two-factor authentication.

How Do I Start P2P Crypto Trading?

Here’s a step-by-step guide on how buy cryptocurrencies safely from peer-to-peer Bitcoin exchanges:

• Step 1: Choose a Platform – The first step is to select a suitable peer-to-peer exchange. Best Wallet is a good choice – it supports over 100 payment methods and more than 1,000 coins, and trades are typically settled within two minutes.
• Step 2: Download the Best Wallet App – Visit the Best Wallet website, download the app, and complete the security steps (e.g, create a PIN and activate biometrics).
• Step 3: Fill the Purchase Form – Click “Trade”, “Buy”, and select the crypto you want to buy. Choose the currency, amount, and purchase method.
• Step 4: Enter the Payment Details – To complete the trade, enter the payment details and confirm. The app processes the payment instantly and transfers the cryptocurrencies to your wallet balance.

Conclusion

Top peer-to-peer cryptocurrency exchanges provide a secure, anonymous, and convenient way to purchase digital assets. You use local currencies and domestic payment methods, and trade directly with sellers in the same country.

Consider Best Wallet when selecting a P2P exchange. Best Wallet offers over 1,000 coins at industry-leading trading fees, and payment types include bank transfers and e-wallets. The Best Wallet app is free, non-custodial, and secure.
Visit Best Wallet

References

• Bybit Is Now the World’s Second-Largest Crypto Exchange (Bloomberg)
• Crypto’s Biggest Hacks and Heists After $1.5 Billion Theft From Bybit (Reuters)
• KuCoin Pleads Guilty, Agrees to Pay Nearly $300 Million in US Crypto Case (Reuters)
• Binance and CEO Plead Guilty to Federal Charges in $4B Resolution (U.S. Department of Justice)

Nadica Metuleva

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I’m a seasoned writer with over a decade of professional experience, specializing in crypto, technology, business, and iGaming. Over the years, I’ve built a reputation as a trusted contributor to well-known outlets such as InsideBitcoins, CEOTodayMagazine, and Promo, while also collaborating with leading content and marketing agencies including Skale and Boosta. My portfolio spans a wide range of content types, exchange reviews, how-to guides, long-form comparisons, trend analyses, and thought leadership pieces, crafted to both inform and engage readers across different levels of expertise.

In the crypto space, I’ve developed a deep understanding of blockchain technology, digital assets, and the fast-moving decentralized finance (DeFi) ecosystem. I’ve written extensively on topics such as cryptocurrency exchanges, wallets, tokenomics, NFTs, and global regulatory developments. As a crypto investor myself, I bring a valuable firsthand perspective that allows me to balance technical accuracy with practical insights that resonate with traders, investors, and newcomers alike. Whether I’m breaking down blockchain mechanics or analyzing the latest market shifts, my work combines rigorous research, industry knowledge, and a keen sense of storytelling.

My educational background plays a key role in shaping my writing approach. I hold a Bachelor’s degree in Translation and a Master’s degree in English Literature and Teaching, disciplines that sharpened my ability to research complex subjects, distill technical information into accessible language, and adapt my tone to diverse audiences. This strong academic foundation underpins my clear, insightful, and authoritative style.

Passionate about making complex topics accessible, my mission is to cut through the jargon and deliver content that empowers readers to make informed decisions.

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