10 Best P2P Crypto Exchanges in December 2025

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Last updated: 

October 31, 2025

Based on our in-depth research, the best P2P crypto exchanges in 2025 are Best Wallet, MEXC, and OKX. They stood out from the competition with fees starting from 0%, an excellent selection of available coins, and unmatched ease of use.

Peer-to-peer (P2P) exchanges enable traders and investors to swap cryptocurrencies without going through a third party. Instead, you can buy cryptocurrencies directly from the seller using their preferred payment method. The transaction is usually protected by an escrow service, which ensures that neither the buyer nor the seller is scammed.

In this comparison guide, we review the best P2P crypto exchange platforms in the market. We tested over 40 leading providers first-hand based on key criteria like supported coins, fees, available payment methods, and security. Read all about our top picks below:

The Best P2P Crypto Exchanges Shortlisted

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Best In-Wallet Crypto Exchange

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• Anonymous in-wallet crypto exchange with no KYC requirements
• Trade thousands of coins across 60+ blockchains with low fees
• Beginner-friendly interface with numerous payment options

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Best For Low Trading Fees at 0%

9.3/10

Review

• Only exchange with 0% fees for spot trading
• Lowest withdrawal fees out of any exchange
• Deepest liquidity in the crypto market

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Popular Exchange with $120 USDT Sign Up Bonus

9.8/10

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• Trade spot, futures, and options
• Available in the United States
• Native non-custodial Web3 wallet

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The Top 10 P2P Crypto Platforms Compared

In terms of supported markets, pricing, user-friendliness, and other important metrics, the best P2P crypto exchange platforms can be found on the list below:

The Best Peer-to-Peer Crypto Exchanges Reviewed

Choosing the best P2P crypto exchange will depend on a variety of factors. For instance, while some exchanges in this space specialize in Ethereum-based tokens, others support the BSc standard.

It is also important to assess factors surrounding security, reputation, fees, and mobile friendliness when selecting a provider. Below, we provide reviews of the nine best P2P crypto exchanges in the market.

1. Best Wallet – Overall Best P2P Crypto Exchange

Best Wallet is the overall best P2P crypto exchange in 2025 due to its non-custodial design and extensive support for over 1,000 cryptocurrencies. It integrates seamlessly with its sister platform, Best DEX, allowing you to manage, trade, and store assets all in one place without needing multiple wallets.

The platform’s simplicity and advanced charting tools make it a strong choice for both beginners and advanced users. One of the key features is that Best Wallet enables decentralized trading across both Ethereum and Binance Smart Chain tokens. You can trade directly with others without any KYC requirements, maintaining privacy and control.

Additionally, the exchange’s integration with TradingView allows for real-time market insights and technical analysis. With zero trading fees and the use of its native $BEST token for additional perks, Best Wallet offers a cost-effective and user-friendly experience. Its mobile-only accessibility ensures a streamlined experience for crypto traders looking to swap across chains efficiently.

2. MEXC – Best No-Fees P2P Exchange

MEXC is one of the best platforms for no-fee P2P crypto trading in 2025. Known for offering zero-fee maker orders on both spot and futures markets, it allows you to trade with minimal costs, maximizing your profits.

With support for over 2,400 cryptocurrencies and 3,300+ trading pairs, MEXC offers a wide range of digital assets, making it ideal for those seeking variety and liquidity. Additionally, MEXC supports various fiat payment methods, including credit/debit cards, bank transfers, and P2P options.

The platform’s user-friendly design caters to both beginner and advanced traders, and its demo and copy-trading features help newcomers gain confidence while improving strategies. MEXC’s competitive advantage lies in its fee-free trading and robust asset selection, making it a top choice for traders seeking to maximize their earnings with minimal cost.

3. OKX – Best P2P Crypto Exchange for a Variety of Payment Methods

OKX is an industry-leading P2P crypto exchange best known for its extensive range of payment methods in 2025. With over 900 supported payment methods, including bank transfers, PayPal, and TransferWise, OKX offers unmatched flexibility for global traders. This makes it ideal for users who want to buy or sell crypto using their preferred local currencies and payment services.

The platform supports major cryptocurrencies like Bitcoin, Ethereum, and Tether, with zero fees for P2P trades, ensuring cost-effective transactions. OKX’s secure escrow service further protects both buyers and sellers by holding assets until both parties confirm the transaction.

For those interested in trading the best altcoins, OKX’s integration with its broader ecosystem provides seamless access to spot and futures trading. Its user-friendly interface, coupled with 24/7 customer support, makes OKX a top choice for P2P traders seeking reliability and variety.

4. Binance – Largest P2P Crypto Exchange

Binance P2P is the largest peer-to-peer crypto exchange in 2025, offering unmatched liquidity and a wide range of payment methods. With support for over 100 fiat currencies and more than 300 payment methods, including bank transfers and digital wallets, Binance makes it easy for you to buy and sell cryptocurrencies directly with other users.

One of Binance P2P’s key advantages is its zero-fee structure, meaning you won’t pay any fees for most trades. Additionally, the platform’s escrow service ensures that transactions are safe, holding funds securely until both parties confirm the trade. This makes Binance P2P a reliable option for those looking for safe and fast transactions.

Binance P2P is also deeply integrated into the Binance ecosystem, giving you access to its broad range of services, including trading some of the best cryptocurrencies like Bitcoin and Ethereum. The platform’s high liquidity and user-friendly interface make it a top choice for P2P trading.

5. Bybit – Best P2P Crypto Exchange for Fast Trades

Bybit‘s P2P crypto exchange is one of the fastest platforms for peer-to-peer trading in 2025. Known for its speed, security, and zero-fee trades, Bybit allows you to quickly buy and sell cryptocurrencies directly with other users. With over 50 supported fiat currencies and more than 400 payment methods, it offers flexibility for users across the globe.

In addition to fast transaction times, Bybit’s P2P marketplace is user-friendly, enabling you to browse ads posted by verified sellers and buyers. The platform also offers robust security features like escrow services, ensuring that transactions are secure and transparent. This makes Bybit a top choice for quick and safe P2P trades.

If you’re also interested in potential gains, keep an eye on upcoming Bybit listings like meme coins and trending tokens, which often generate hype and strong price movements after launch. This creates exciting opportunities for traders looking for fast returns.

6. BingX – Best Anonymous P2P Exchange

BingX is a top P2P crypto exchange in 2025, especially for those prioritizing anonymity. The platform allows you to trade a wide range of cryptocurrencies without mandatory KYC, making it ideal for users seeking privacy. Additionally, BingX offers over 300 payment methods, including Wise, Payeer, and Zelle, providing flexibility for global transactions.

One of the main benefits of BingX is its user-friendly interface and quick transaction times, even for peer-to-peer trades. You can easily buy Bitcoin with a credit card and no verification through its P2P platform, which supports several fiat-to-crypto conversion methods.

BingX also offers features like copy trading, where you can follow successful traders’ strategies. This makes it a versatile option for both beginners and experienced users looking for seamless P2P crypto trading.

7. KuCoin – Best Peer-to-Peer Crypto Exchange for Global Traders

KuCoin is an excellent P2P exchange for global traders in 2025, offering support for over 700 cryptocurrencies and 45 fiat currencies. Its wide range of fiat payment options, including credit cards, e-wallets, and bank transfers, makes it highly accessible to users worldwide.

KuCoin’s robust P2P marketplace ensures secure trades through an escrow service, giving both buyers and sellers peace of mind. A standout feature of KuCoin is its low 0.1% trading fee, which makes it an attractive option for frequent traders. It also offers numerous advanced tools, such as trading bots, staking, and margin trading, catering to both beginners and experienced traders.

KuCoin’s continuous introduction of new listings ensures access to some of the best altcoins, providing opportunities for diversification and profit. If you’re looking to maximize returns, keep an eye on new listings on KuCoin, which frequently spotlight promising small-cap tokens.

8. Bitget – Best Crypto P2P Exchange for 24/7 Customer Support

Bitget is a top P2P crypto exchange in 2025, particularly known for its 24/7 customer support. Whether you’re a beginner or an experienced trader, Bitget ensures that assistance is always available via live chat, email, and multilingual support.

Aside from stellar customer service, Bitget offers flexible payment methods with support for over 140 fiat currencies. The platform also integrates advanced security features, including a $400 million protection fund and a transparent Proof of Reserves system, giving users peace of mind during transactions.

Another standout feature is the frequent crypto giveaways, which offer additional rewards and promotions to users. With its combination of responsive customer support and user-friendly features, Bitget is an ideal platform for seamless P2P crypto trading.

9. CoinEx – Top P2P Crypto Exchange for Vast Crypto Support (1,200+ Coins)

CoinEx is a top choice for P2P crypto trading in 2025, offering support for over 400 cryptocurrencies, making it ideal for users seeking a wide asset variety. Whether you’re trading major coins like Bitcoin and Ethereum or exploring altcoins, CoinEx provides plenty of options.

This wide selection is one of the reasons CoinEx stands out, particularly for those looking to diversify their holdings across lesser-known assets like top meme coins. With zero trading fees and flexible payment methods, CoinEx ensures a cost-effective and user-friendly experience.

The platform also uses an escrow system for added security, ensuring safe trades between buyers and sellers. For those seeking a seamless and secure trading experience, CoinEx’s extensive support for cryptocurrencies, combined with its intuitive interface, makes it a solid option for both beginners and experienced traders.

10. Uniswap – Best P2P Crypto Exchange for ERC-20 Tokens

Uniswap is the top P2P DEX for trading ERC-20 tokens in 2025. As a fully decentralized platform, it allows you to swap Ethereum-based tokens directly through smart contracts without the need for a central authority. This makes it an ideal choice for users looking to trade the best ERC-20 tokens like USDC, DAI, and UNI in a secure and transparent environment.

The platform is especially suited for those who prefer to keep custody of their assets, as you only need a compatible ERC-20 wallet like MetaMask to start trading. Uniswap’s flat fee of 0.3% per transaction is competitive, and users providing liquidity to the platform can also earn rewards from trading fees.

With its simple interface and wide token support, Uniswap remains the best option for traders focusing on ERC-20 tokens. Its decentralized nature also allows for lower gas fees when using Layer 2 solutions like Optimism.

What Is a Peer-to-Peer Crypto Exchange?

A peer-to-peer crypto exchange enables buyers and sellers to trade the best cryptos directly. This means there’s no requirement to go through a centralized exchange that utilizes traditional order books. Instead, the buyer determines their preferred currency and payment type and then transfers the funds to the seller.

Before the transfer is made, the seller deposits the respective cryptocurrencies into the escrow wallet hosted by the peer-to-peer exchange. This means that if the buyer fails to complete the repayment, the tokens are simply released back to the seller. On the other hand, if the buyer proceeds with the payment, then the tokens are transferred to their wallet.

Depending on the provider, P2P exchanges usually accept a wide range of payment types. This includes everything from local bank transfers, SWIFT, SEPA, PayPal, Skrill, Western Union, and more. In the vast majority of cases, trades carried out on a P2P exchange are executed quickly and safely.

What Our Expert Says...

Tsvetomir Koychev

Content Lead, Exchanges & Wallets

“However, P2P exchanges are not immune to fraud. This is especially the case when a face-to-face cash transaction is selected. After all, the trade is essentially being completed outside of the P2P platform, so anything could happen. Another drawback of using a P2P platform is that exchange rates and fees are often less competitive compared to traditional crypto exchanges.“

Tsvetomir Koychev

Content Lead, Exchanges & Wallets

How do P2P Exchanges Work?

In a nutshell, using a P2P Bitcoin exchange involves verifying and accepting trade parameters, selecting a payment method, transferring funds to an escrow wallet, and finalizing the trade. However, it’s wise to have an in-depth understanding of how that trading process works. So, in this section, we’ll explain the fundamentals of P2P crypto exchanges from the perspective of a beginner.

Trade Parameters

After opening an account with the chosen P2P exchange, the buyer must initially set up their trading preferences. This includes the following metrics:

After the above has been specified, the respective P2P exchange lists every seller that has the capacity to meet the requirements. In other words, sellers who have £2,000 worth of Bitcoin to sell in exchange for GBP, via a local bank transfer.

Exchange Rates

The buyer is now able to view a list of sellers that can facilitate the respective trade. The best P2P Bitcoin exchanges display the search results from the best price possible downwards. This is with respect to the exchange rate offered by the seller.

For example, in the image above, we’ve set our parameters to buy USDT with GBP via a bank transfer. At the very top, a seller called ‘CoinTitan’ is offering the best price possible at 0.9158 GBP for every 1 USDT purchased. We can also see that ‘CoinTitan’ has nearly £75,000 worth of USDT that they can sell at the stated exchange rate.

As we begin to make our way down the list of options, we can see that the exchange rate starts to become super unfavorable. For instance, a seller called ‘Alexzanderpikachu’ is looking to charge 0.9918 GBP for every 1 USDT purchased. In comparison to ‘CoinTitan’, this represents an exchange rate that is over 8% higher.

Accepting an Offer

Once the buyer has had a chance to review the presented offers, the next step is to select the best option. This will then provide details of the seller’s payment method. For example, if the buyer has opted for a local bank transfer, it’ll display information such as the account number and the name of the financial institution.

After confirming the deal, the seller will be required to do two things. First, they’ll need to accept the buyer’s request, and second, deposit the cryptocurrencies into the P2P exchange’s escrow wallet.

Escrow

The overarching safeguard offered by the best P2P crypto exchanges is an escrow service. This means the buyer is only asked to transfer the funds once the seller has deposited the cryptocurrencies into the exchange. The P2P Bitcoin exchange will hold onto the cryptocurrencies until the buyer makes the payment.

Once they do, the buyer marks the payment as complete. The seller will then check that the payment has been received. If it has, the seller confirms receipt of the funds and subsequently marks the payment as complete.

In turn, the P2P Bitcoin exchange then releases the cryptocurrencies from its escrow wallet and into the buyer’s account. The buyer can then proceed to withdraw the cryptocurrencies from the P2P Bitcoin exchange and into their chosen wallet address.

The Risks of P2P Crypto Exchanges

Understanding the risks of P2P crypto exchanges is crucial before using these platforms. Without proper precautions, you could face fraud, security vulnerabilities, or transaction delays.

Knowing how to mitigate these risks protects your funds and ensures smoother transactions. Use features like escrow, reputation systems, and secure networks to minimize potential issues.

Fraud and Scams

Fraud and crypto scams are major risks in decentralized P2P crypto exchanges because there’s no central authority to verify transactions. You could face fake payments, phishing schemes, or deal with dishonest buyers or sellers.

For example, a buyer might reverse a payment after receiving your crypto. Unlike centralized exchanges, you can’t rely on the platform to resolve disputes.

To prevent this, use platforms with escrow services, such as those on our list, verify user reputations, and stick to established exchanges. Avoid transacting with users who seem suspicious or unverified.

Counterparty Risk and Lack of Dispute Resolution

Counterparty risk and lack of dispute resolution pose risks in P2P crypto exchanges because transactions rely solely on trust. If a buyer or seller fails to fulfill their part, you have no authority to mediate disputes.

To mitigate this, use platforms with escrow services and reputation systems. Stick to well-established exchanges, verify counterparties, and avoid suspicious users to reduce these risks.

Security Vulnerabilities

Security vulnerabilities in P2P crypto exchanges are a risk because hackers can exploit weak protocols or software bugs. This could lead to loss of funds or personal information. Without centralized oversight, you are responsible for securing your transactions and wallets.

For example, poor blockchain encryption or malware could expose your private keys. To protect yourself, use exchanges with robust security measures, enable two-factor authentication, and refrain from using public Wi-Fi when transacting. Keeping your software and wallets updated also helps minimize vulnerabilities.

Delayed Transactions

Delayed transactions are a risk in P2P crypto exchanges due to network congestion, slow blockchain confirmations, or manual processing by counterparties. This can expose you to price volatility or cause liquidity issues if the value of the crypto changes during the delay.

For example, Bitcoin transactions can take longer during peak network times due to block size limits and confirmation requirements.

To mitigate this, choose exchanges with faster blockchain networks, like Litecoin or Solana, or pay higher fees to prioritize your transactions. Additionally, verify transaction time expectations with your counterparty before committing.

How to Trade on a P2P Crypto Exchange

First-time investors who wish to buy cryptocurrency via a P2P exchange can follow the step-by-step guide outlined below. In doing so, investors will learn how to complete the P2P process with Best Wallet.

Step 1: Download Best Wallet

If you’re on a desktop, visit Best Wallet’s official website and click the Download button. Next, scan the QR code with your smartphone to download the application. Alternatively, you can download Best Wallet directly from Google Play or App Store.

Step 2: Create a New Account

Since Best Wallet doesn’t require a KYC process, you only need to add an active email address to access this decentralized exchange.

Step 3: Complete Security Requirements

Next, you’ll need to set a four-digit passcode/PIN to access Best Wallet. Best Wallet also supports two-factor authentication via fingerprint or Face ID to add an extra layer of security.

Step 4: Access the Best DEX

After setting up the account, you can start using Best Wallet and its decentralized exchange. Best Wallet offers in-app swap, buy, and sell features for easy access to over 1,000 cryptocurrencies.

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