Peer-to-peer (P2P) crypto exchanges have gained popularity in 2025 due to enhanced security, privacy, and faster transactions compared to centralized platforms. These exchanges allow direct trading between users, offering diverse payment methods and global accessibility. This article explores the best P2P crypto exchanges based on their features, trading volumes, and user benefits.
Why Choose P2P Crypto Exchanges?
P2P platforms stand out for several reasons:
- Enhanced Privacy: Many platforms, like Best Wallet, allow anonymous trading without extensive verification.
- Diverse Payment Options: Support for credit cards, PayPal, Apple Pay, Google Pay, and over 100 fiat currencies.
- Global Reach: Connect with traders worldwide, as seen with platforms like KuCoin, available in 200 countries.
- Zero or Low Fees: Most P2P exchanges, such as OKX and Binance, offer zero fees for P2P trades.
- Security Features: Escrow services, two-factor authentication (2FA), and fraud monitoring ensure safe transactions.
Top P2P Crypto Exchanges in 2025
Below is a detailed review of the leading P2P crypto exchanges, highlighting their key features, pros, and cons.
1. Best Wallet: Overall Top Choice
Best Wallet is a non-custodial P2P exchange, giving users full control over their assets. Its mobile apps for Android and iOS make trading accessible on the go. The platform supports over 1,000 cryptocurrencies across 60+ blockchain networks.
Key Features:
- Zero fees for P2P trading
- Supports multiple wallet management and imports
- Access to DApps like MegaDice, Crypto News, and Rocket Pool for staking
- Biometric security and 2FA for account protection
- Upcoming market insights feature for real-time updates
Pros:
- Manage over 1,000 cryptocurrencies
- Supports card purchases and local payment methods
- Easy setup with email verification
Cons:
- No browser extension
- No desktop app
2. MEXC: Trade with Regular Airdrops
MEXC offers over 120 monthly airdrops with up to 52.2% APY, making it attractive for traders holding MX tokens. The platform supports spot, futures, and copy trading, ideal for beginners.
Key Features:
- 50% off taker fees for holding 500 MX
- High liquidity with tight spreads
- Cold storage and hot wallet security
- Futures insurance fund to cover losses
Pros:
- Up to 400% APR on airdrops
- Demo feature for new users
- Copy trading support
Cons:
- Not available in the US
- No fiat withdrawals
P2P Stats:
- Ads count: 1,763 (384 buy, 1,379 sell)
- Ads volume: $6,252,884
3. OKX: Zero Trading Fees
OKX provides a seamless P2P trading experience with zero fees and support for local fiat currencies. Users can even pay cash in person if agreed upon.
Key Features:
- Supports USDT, ETH, USDC, and BTC
- Become a P2P merchant to run a mini exchange
- OKX DEX for decentralized token swaps
- Express buy option for quick purchases
Pros:
- Zero P2P trading fees
- Over 1,000 local fiat currencies supported
- 100+ cryptocurrencies available
Cons:
- No anonymous P2P trading
- Identity verification required
P2P Stats:
- Ads count: 8,847 (2,985 buy, 5,862 sell)
- Ads volume: $53,140,052
4. Binance: Largest User Base
Binance dominates with over 260 million users, offering the largest P2P trading platform. Its escrow services ensure secure transactions, and it supports over 100 fiat currencies.
Key Features:
- Zero fees for P2P trades
- Detailed maker profiles (completion rate, orders, likes)
- Trading bots and copy trading options
- Over 260 million global users
Pros:
- Zero P2P trading fees
- Earning opportunities through trading
- Fiat currency support
Cons:
- Some trades require verification
- Restricted in several countries
P2P Stats:
- Ads count: 48,883 (12,073 buy, 36,810 sell)
- Ads volume: $270,509,149
5. Bybit: Fast P2P Trading
Bybit is known for its speedy transactions and supports over 300 cryptocurrencies. New merchants can earn a 20 USDT airdrop by completing tasks.
Key Features:
- Supports 60+ fiat currencies
- 10% fee discount for VIP users
- Web3 platform for DApps and NFTs
- Airdrops and 555% APR on USDT savings
Pros:
- Fast and secure P2P trading
- Zero P2P transaction fees
- Over 300 cryptocurrencies supported
Cons:
- Low trading limits without KYC
P2P Stats:
- Ads count: 21,690 (6,268 buy, 15,422 sell)
- Ads volume: $171,542,431
6. BingX: Wide Payment Support
BingX supports over 300 payment methods, including Payeer, Wise, and Zelle. It offers priority traffic for merchants but requires KYC verification.
Key Features:
- Over 1,000 cryptocurrencies supported
- Fiat-to-crypto conversions
- Spot, futures, and grid trading options
- Copy trading with 17,000+ elite traders
Pros:
- Zero P2P trading fees
- Self-service appeal system
- Copy trading available
Cons:
- Restricted in major jurisdictions like the US
- KYC required for merchants
P2P Stats:
- Ads count: 3,271 (604 buy, 2,667 sell)
- Ads volume: $15,658,921
7. KuCoin: Best for Global Reach
KuCoin operates in 200 countries with over 39 million investors. It supports 900+ cryptocurrencies and offers tutorials for beginners.
Key Features:
- $3.22 billion 24-hour trading volume
- Escrow service and feedback ratings
- Merchant and user growth promotions
- Proof of reserves for asset transparency
Pros:
- Zero P2P transaction fees
- Over 100 payment methods
- Earning opportunities through trading
Cons:
- Restricted in some regions
P2P Stats:
- Ads count: 3,470 (525 buy, 2,945 sell)
- Ads volume: $29,069,892
Choosing the Right P2P Exchange
When selecting a P2P crypto exchange, consider these factors:
- Fees: Most platforms offer zero P2P fees, but check for other charges like withdrawal fees.
- Privacy: Best Wallet excels for anonymous trading, while others like BingX require KYC.
- Payment Methods: Look for platforms supporting your preferred payment options.
- Security: Ensure the platform uses escrow, 2FA, and other anti-fraud measures.
- Trading Volume: Binance and Bybit lead in ad volume, indicating high liquidity.