9 Top Best P2P Exchange Platforms To Join In 2022

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Last Updated on January 25, 2022 by Eddu Oz

9 Top Best P2P Exchange Platforms To Join In 2022

P2P, or peer-to-peer exchange, is a decentralized cryptocurrency marketplace where people can trade crypto directly with each other.

How Do P2P Exchanges work?

On a Bitcoin exchange, BTC owners exchange their fiat currencies for cryptocurrencies at the current rate.

In a P2P exchange, sellers usually set their price and mode of payment, like PayPal, bank transfer, or credit cards.

Buyers and sellers decide with whom they want to trade within the exchange and may pay a fee for carrying out the trade, depending on the exchange in question.

9 Top Best P2P Exchange Platforms To Join In 2022

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Key Takeaways

 📌 Paxful is one of foremost and liquid P2P Crypto marketplace with over 300 different payment methods.

📌 P2P exchange platforms offer more flexibility and privacy than centrally controlled exchange platforms.

 📌 Hodl is perfect for investors who hold privacy in crypto activities above everything else. The platform does not require KYC and ensures that existing users on the platform remain anonymous.

 📌 Bitzlato has over 100 payment methods with 0% deposit fees, although there is a 0.2% taker fee and a 0-0.5% fee when creating an ad in a P2P service.

 📌 WazirX is the first automatic P2P exchange, which means that it automatically selects a seller for buyers on the platform, taking away the stress of having to find a trustworthy seller.

SEE ALSO: How To Become A Profitable Vendor On PAXFUL

SEE ALSO: How to Sell Bitcoin On PAXFUL (Step by Step Process)

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If you are looking for the best P2P exchange platforms to join in 2022, below are the 9 best P2P exchange platforms you can pick from in the crypto space:

1. Paxful

PAXFUL - 9 Top Best P2P Exchange Platforms To Join In 2022

Paxful is a cryptocurrency exchange where investors can buy and sell digital currencies using over 300 different payment methods.

Sellers who wish to sell their cryptocurrencies and buyers who wish to buy them can do so using various methods such as bank transfers, Amazon gift cards, cash deposits to banks, PayPal, Chipper Cash, etc.

Buying and selling crypto on PayPal is quite easy as the platform has a very pleasant interface. Sellers are only charged a 1% fee for transacting on the platform, while buyers are not charged a dime for purchases made using the platform.

Sign up with Paxful today.

2. Binance P2P

BINANCE - 9 Top Best P2P Exchange Platforms To Join In 2022

The popularly known crypto exchange Binance has its own Binance P2P that supports over 31 currencies and is a marketplace where people can trade crypto directly with each other on their own terms, in virtually any country.

For buyers willing to purchase crypto on Binance P2P, they will need to:

Place an Order: Once you place a P2P order, the crypto asset will be escrowed by Binance P2P.

Pay the Seller: Send money to the seller via the suggested payment methods. Complete the fiat transaction and click “Transferred, notify seller” on Binance P2P.

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Get your Crypto: Once the seller confirms receipt of money, the escrowed crypto will be released to you.

For sellers willing to sell their crypto on Binance P2P, they will need to:

Place an Order: After you place an order, your crypto will be escrowed by Binance P2P.

Confirm the Payment: Check the transaction record in the given payment account to ensure you receive the money sent by the buyer.

Release Crypto: Once you have confirmed the receipt of funds, you must release crypto to the buyer on Binance P2P.

Sign up with Binance P2P today.

3. Remitano

REMITANO - 9 Top Best P2P Exchange Platforms To Join In 2022

Remitano is another peer-to-peer exchange where investors can buy and sell cryptocurrencies using the platform.

One unique thing about this platform is that both buyers and sellers on the platform are required to create buying and selling ads.

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Furthermore, buyers and sellers who create buying and selling ads can choose between having a fixed price or a dynamic price on the platform.

There are only three payment methods on Remitano for both buying and selling crypto, which is: bank transfer, Remitano wallet, and Chipper Cash.

In terms of fees, Remitano will take a total of 1% of the completed trade, which is slightly higher than some other exchanges that take 0.25% or nothing at all. Also, they charge a fee when you deposit or withdraw crypto.

Sign up with Remitano today.

4. LocalBitcoins

LOCALBITCOIN - 9 Top Best P2P Exchange Platforms To Join In 2022

With LocalBitcoins, you can buy and sell bitcoin anywhere, near you or around the globe. You can also trade bitcoins person-to-person in an easy, fast, and secure way.

In terms of fees, registering, buying, and selling bitcoin is completely free. LocalBitcoins users who create advertisements are charged a 1% fee for every completed trade, and transactions to the wallets of other LocalBitcoins users are free.

Incoming transactions to LocalBitcoins wallets are free, but a minimum deposit limit is applicable, and transactions below the minimum deposit limit will not be processed.

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Transactions to other bitcoin wallets are subject to a sending fee, which is paid from your wallet when you send a transaction, and the fee varies based on how congested the bitcoin blockchain is.

LocalBitcoins automatically adjusts this fee to make sure your transactions are confirmed as quickly as possible.

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Payment methods on the platform include PayPal, cash deposits, bank transfers, and in-person transactions.

Sign up with LocalBitcoins today.

5. LocalCoinSwap

LOCALCOINSWAP - 9 Top Best P2P Exchange Platforms To Join In 2022

LocalCoinSwap is another peer-to-peer crypto marketplace where investors can buy and sell crypto fast, easily, and privately.

Investors have the benefit of buying cryptocurrencies such as BTC, ETH, DOT, etc. using over 300 payment methods worldwide.

On the platform, investors are advised to trade with transparency and feel confident by trading on-chain with a non-custodial exchange.

You can also exchange Bitcoin, Ethereum, and other popular cryptocurrencies using secure smart contracts and Bitcoin scripts, alongside wallets where you control the private keys.

A good feature that the platform provides as well is that you can explore how to buy and sell cryptocurrency with a minimal fee structure without having to hand over control of your funds.

Sign up with LocalCoinSwap today.

6. BitValve

BITVALVE - 9 Top Best P2P Exchange Platforms To Join In 2022

BitValve is a P2P crypto exchange where you can buy and sell your favorite crypto with over 300 payment methods from anywhere in the world.

Bitvalve guarantees the safety of the transaction by acting as a safe escrow until both parties have completed the trade.

A breakdown of the fees which are charged to investors on the BitValve platform is shown below:

Crypto to Fiat Fee

If you have enough BTV tokens, the fee is 0.5% of the trade volume, payable in BTV tokens, and if you don’t have enough BTV tokens, the fee is 0.8% of the trade volume, payable in crypto.

Crypto to Crypto Fee

If you have enough BTV tokens, the fee is 0.2% of the trade volume, payable in BTV tokens, and if you don’t have enough BTV tokens, the fee is 0.35% of the trade volume, payable in crypto.

Lastly, BitValve is an excellent platform with a wide range of options for budding traders and investors.

Sign up with BitValve today.

7. WazirX

WAZIRX -  9 Top Best P2P Exchange Platforms To Join In 2022

WazirX is an efficient P2P exchange with a vision of bringing anyone who believes in crypto to join the digital cryptocurrency revolution. With the platform, you can buy, sell, and trade digital currencies with amazing ease, confidence, and trust.

Whether you are a first-time investor or a professional trader, WazirX has got you covered.

A point of note about WazirX you should know is that the platform is the first automatic P2P exchange, meaning that it automatically selects a seller for you to trade with, assuming you are the buyer.

The platform also does not charge any fees for P2P exchange, and it has its own token called WRX, with a maximum of 1 billion WRX ever created.

Sign up with WazirX today.

8. Hodl Hodl

HODL HODL - 9 Top Best P2P Exchange Platforms To Join In 2022

Hodl Hodl is a multisig P2P exchange for bitcoins only. It specializes in providing global anonymous P2P trades and is perfect for people who wish to bypass KYC and maintain their privacy while undertaking crypto transactions.

The P2P trading on this platform is fast and secure, and they do not hold your funds when you trade using any payment system for any currency.

Below is how P2P works on the platform:

Step 1: A contract is created.

Step 2: The seller transfers bitcoin from his wallet to the escrow account.

Step 3: The buyer pays the seller using the agreed-upon payment method.

Step 4: The seller releases bitcoin from multisig escrow directly to the buyer’s wallet.

Lastly, Hodl Hodl charges 0.3% in trading fees.

Sign up to Hodl Hodl today.

9. Bitzlato

BITZLATO - 9 Top Best P2P Exchange Platforms To Join In 2022

Bitzlato takes pride in being the best place for peer-to-peer cryptocurrency exchange. With them; you can do a simple registration without KYC.

The platform has over 100 payment methods with 0% deposit fees although there is a 0.2% taker fee and a 0-0.5% fee when creating an ad in a P2P service.

It almost seems like the platform was made solely for the benefit of the traders, i.e., the buyers and the sellers, offering them excellent services at almost no cost.

Bitzlato also has a single wallet system where traders can make P2P exchanges, trade on the platform, and simply store cryptocurrencies.

It also allows traders to deposit from third-party wallets or purchase the necessary crypto on the P2P platform to start trading.

Visit Bitzlato today.

Frequently Asked Questions (FAQs)

Is P2P trading profitable?

P2P trading is profitable, especially when done on a secure platform such as Binance P2P. You’ll never know how much money you’ll make trading crypto on the site.

What are P2P exchanges?

Peer-to-peer exchanges are digital platforms where there is a direct exchange of some assets, such as digital currency, between individual parties without the involvement of a central authority. 

Final Thoughts

P2P exchange platforms are marketplaces that give traders a lot of flexibility when carrying out crypto transactions.

Thankfully, I have listed out the best P2P exchanges in this article, and if you are the type of investor who wants to have more control and privacy over your crypto transactions, then you are in the right place.

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