10 Best P2P Crypto Exchanges in June 2022 – Low Fee Sites

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Peer-to-peer (P2P) crypto exchanges have popularised the method of allowing crypto traders to trade directly with each other without the need of a middleman or third party to facilitate the transaction.

The concept has grown into P2P crypto lending which allows users to lend their cryptocurrency to a borrower who wants a crypto-backed loan. Both concepts allow much more flexibility as crypto investors can set their own rates for buying and lending. 

In this ‘Best P2P Crypto Exchange’ guide, we review the best P2P cryptocurrency exchanges and detail what you need to know to get started safely. 

The Best P2P Crypto Exchanges for 2022

Seeking the best P2P crypto exchange and marketplace? Then look no further, as the top ten are outlined below: 

  1. Binance – Overall Best P2P Crypto Exchange with 300+ Payment Methods & Zero Fees
  2. Huobi – Best P2P Crypto Exchange Offering 24/7 Customer Support
  3. Bybit – Top Rated P2P Crypto Exchange Offering Guaranteed Yields
  4. Paxful – Top Rated P2P Bitcoin Exchange with Free Bitcoin Wallet
  5. LocalBitcoins – No Frills P2P Bitcoin Exchange for Speed & Simplicity
  6. WazirX – P2P Crypto Exchange Offering Market Depth Tools
  7. KuCoin – P2P Crypto Exchange Using Merchant Qualification Tests & Ranking
  8. OKX – Crypto Exchange Offering P2P, Margin and Staking Services
  9. Gemini – Professional Crypto Exchange Offering P2P Services for Institutions
  10. HODL HODL – Global P2P Bitcoin Exchange with Lending & Borrowing Tools

Each of the P2P crypto exchanges stated above offers a variety of different services and tools. Some of the P2P bitcoin exchanges only focus on services for bitcoin. Many others allow P2P transactions on more than 70+ cryptos. 

Finding the right P2P crypto exchange can be daunting. Is it safe? Is it cheap? We’ve done the hard work in our review of the top five best P2P crypto exchanges below. 

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

The Top 5 P2P Bitcoin Exchanges Reviewed 

When choosing a P2P crypto exchange it is important to identify whether it is safe. The security of the exchange is essential as you are trading directly with other traders without the exchange taking a fee. 

It is also important to identify whether or not the P2P crypto exchange has enough cryptos to transact on and enough users to get the best possible rates. Advanced users may also look for additional services such as staking, margin trading or identifying the best P2P crypto lending tools. 

We have outlined our findings of the five best P2P crypto exchanges below. 

1. Binance – Overall Best P2P Crypto Exchange with 300+ Payment Methods & Zero Fees

Binance

Binance is by far one of the best P2P crypto exchanges in the world and is also the largest by trading volume. $26 billion worth of transactions are done on a daily basis through the Binance exchange – the second biggest exchange in the world does $6.6 billion, highlighting how big the exchange is. 

One of the reasons Binance is considered to be the overall best P2P crypto exchange is the fact it helps to connect traders from all around the world transacting in different fiat currencies and crypto assets, including altcoins, through spot and P2P trading, as well as on futures, options and margin-based products. 

The Binance P2P platform allows users to sell or buy Bitcoin (BTC), Ethereum (ETH), DogeCoin (DOGE), Binance Coin (BNB) and stablecoins such as Binance USD (BUSD), Tether (USDT) and MakerDAO (DAI). 

Users can buy these coins directly from other traders, or choose to sell their own coins to other traders using more than 70+ fiat currencies such as US dollars (USD), euros (EUR), British pounds (GBP), Chinese Yuan (CNY) and many others. 

best p2p crypto exchange binance

The fees for P2P crypto trading vary depending on the fiat currency used. The trading fees range from 0% to 0.35%. For example, trading cryptos in US dollars incurs a low fee of 0.35% for makers but trading in euros or British pounds incurs zero maker fees. Makers are those that post a trade advert. 

Buying and selling cryptocurrencies from existing adverts on the P2P platform, known as a taker, incurs zero fees. The whole concept of P2P trading is that you can set a price to sell, or buy from another trader with no middleman and therefore no fees. 

Another reason Binance is regarded as the best overall P2P crypto exchange is the fact that those who want to set their preferred price to sell have to go through the Binance P2P Merchant Program which offers special promotions, exclusive customer support, verified badges, gift cards and generally more protections for beginners.  

Crypto Assets: USDT, BTC, BUSD, BNB, ETH, DOGE, DAI
P2P Pricing System: Quotes from other traders
Bitcoin Purchase Fee: Zero

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

2. Huobi – Best P2P Crypto Exchange Offering 24/7 Customer Support

Huobi

Huobi is also considered to be one of the best P2P crypto exchanges. It is currently the eighth largest cryptocurrency exchange in the world with an average daily trading volume of $3.4 billion. 

With Huobi, users can access P2P trading on USDT, BTC, ETH and HT (Huobi Token) and can operate in nearly 50 different currencies from all around the world. Furthermore, there are zero commission fees for both makers and takers. 

best p2p crypto exchange huboi

One unique factor in Huobi being one of the best P2P bitcoin exchanges is the fact users can access customer support 24 hours a day, 7 days a week. This level of customer service is rare to find in the P2P crypto space but is useful when transactions fail or get stuck. 

Huobi also offers a large range of fiat currencies to transact with and nearly 100 payment methods. The P2P crypto platform is simple to use and you can also access other crypto services such as spot trading and margin trading. Huobi also offers one of the best P2P crypto lending services.  

Crypto Assets: USDT, BTC, ETH, HT
P2P Pricing System: Quotes from other traders
Bitcoin Purchase Fee: Zero

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

3. Bybit – Top Rated P2P Crypto Exchange Offering Guaranteed Yields bybit logo

Bybit is considered to be a top rated P2P crypto exchange because on top of its P2P platform you can stake your crypto with a guaranteed yield. You can earn 5.50% APY when staking USD Coin (USDC). 

The Bybit P2P crypto platform is more limited as you can only transact in Tether (USDT). There is a range of fiat currencies you can operate in but the list is not as big as other top P2P bitcoin exchanges such as Binance or Huobi. 

The range of payment methods is large and there are no fees when purchasing via the P2P platform. However, there are some limits that vary depending on the seller’s terms. 

best p2p crypto exchange bybit

Bybit also offers additional crypto products such as spot trading against USDT, BTC, USDC and DAI. The platforms also offer crypto derivatives trading with futures, options and perpetual contracts. 

Advanced users may also find Bybit’s DeFi mining, liquidity mining, staking and harvesting tools of interest. Bybit Savings also offers guaranteed yields on some crypto holdings. 

Crypto Assets: USDT
P2P Pricing System: Quotes from other traders
Bitcoin Purchase Fee: Not available via P2P, otherwise 0.10% for spot purchase via exchange

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

4. Paxful – Top Rated P2P Bitcoin Exchange with Free Bitcoin Wallet paxful logo

Paxful is one of the best peer to peer exchanges for bitcoin as you can purchase bitcoin via its P2P platform with zero commission. However, there is a 1% charge to sellers of the coin which is higher than some of the other exchanges. 

The range of cryptos is limited to bitcoin (BTC), Ethereum (ETH) and Tether (USDT). But you can pay using more than 350 payment methods with a low minimum transaction of just 10 USD. 

While Paxful doesn’t offer as many crypto services as some of the other best P2P bitcoin exchanges discussed above, you do get free access to a bitcoin wallet powered by BitGo which is a leading provider of secure bitcoin wallets. This allows you to store your crypto safely in one of the best crypto wallets available. 

best p2p crypto exchange paxful

Furthermore, users can bitcoin with zero commissions. There is a 1% service fee per trade but this is only paid by the seller. 

Paxful could be regarded the best P2P bitcoin exchange as it allows you to customise your search for bitcoin offers on its platform. You can search via payment methods, how much you want to spend and the offer location to find customised offers in purchasing bitcoin. 

Crypto Assets: USDT, BTC, ETH
P2P Pricing System: Quotes from other traders
Bitcoin Purchase Fee: Zero

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

5. LocalBitcoins – No Frills P2P Bitcoin Exchange for Speed & Simplicity local bitcoins logo

LocalBitcoins is a P2P bitcoin exchange that only focuses on buying and selling bitcoins person to person. There is a wide range of fiat currencies and payment options available to purchase bitcoin from other people. 

There are zero fees for buyers of bitcoin. However, sellers who post adverts to sell their bitcoin will be charged a 1% fee on every completed sale. Users can also transfer cryptos to the LocalBitcoins wallet completely free. 

best p2p crypto exchange local bitcoins

LocalBitcoins offers a web platform and mobile app for speedy bitcoin transactions. When moving coins to other bitcoin wallets there is a sending fee which varies depending on how congested the blockchain is. 

One important note is that if there are any issues and custom work that needs to be done such as the research of possible…



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