P2P platforms: the most liquid, non-custodial, and unusual

P2P platforms (peer-to-peer) are a significant part of the new cryptocurrency ecosystem. They provide users with the ability to exchange and act as intermediaries. Each platform has its own advantages and particular qualities. If you have chosen P2P arbitrage as a way to earn money, you will need to register on several platforms.

If you are looking for P2P platforms, this article is for you! We have gathered various options for trading, ranging from widely known to rare ones.

Pay attention that the choice of P2P platform depends on your needs, preferences, and regional availability. 

Primal P2P platforms

You might have already guessed that we are talking about one of the most well-known P2P platforms, Binance. It offers the highest liquidity in the P2P market, supporting over 100 fiat currencies and 700 payment methods. The interface is simple and user-friendly. Binance has strict requirements for makers and flexible counterparty requirements. Binance is one of the most popular exchanges for P2P arbitrage, and it would be challenging to create profitable strategies without it.

Basic P2P platforms

Although they might not surpass Binance in some aspects, these platforms should be in the pool of any P2P trader. Moreover, some of them are better than Binance in some ways.

1. Huobi. This exchange has three main advantages: no fees, no T+1 lockup for makers, and acceptance of sanctioned payment methods.
2. Bybit. The platform supports Bitcoin, Ethereum, and two stablecoins: USDT and USDC. It is very similar to Huobi, with one important difference. Maker trading requires a separate deposit equivalent to 100 USDT.
3. Bitpapa. The platform allows trading with five cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Toncoin (TON), and Monero (XMR). There are over 120 payment methods available for transactions. Overall, the platform offers a convenient interface, and reliable operation, and deserves attention from users.
4. Garantex. This service caters to the needs of traders, miners, and exchange platforms. In addition to the P2P section, it supports cash deposits and withdrawals through cash desks in Moscow and St. Petersburg. Cryptocurrency purchases with fiat are conducted in exchange format.
5. OKX. The following cryptocurrencies are available for trading: USDC, BTC, ETH, TUSD, and the algorithmic stablecoin DAI. The exchange is similar to Huobi and Bybit.
6. Noones. Positioned as an alternative to Paxful, this platform offers over 500 different payment methods. Currently, it supports the buy/sale of BTC, USDT, and USDC. Noones has mobile applications for both Android and iOS.

Alternative P2P platforms

The liquidity here is noticeably lower than in the previous list, but we still recommend paying attention to it. It may be more suitable for you than others.

1. Pexpay. The official partner of Binance, allowing users to access their accounts through Binance. Unlike Binance, it supports all sanctioned payment methods. Additionally, you can transfer cryptocurrencies between Binance and Pexpay without fees.
2. Gate.io. Here you can find Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and Dogecoin (DOGE). Gate.io frequently hosts various events for P2P traders.
3. Bitget. Supports around 30 fiat currencies and has no trading fees for buyers and sellers.
4. KuCoin. Although this platform does not offer anything unique in terms of functionality, it provides secure, commission-free trading with multiple popular cryptocurrencies and tokens from almost any country.
5. MEXC. The platform supports the exchange of BTC, ETH, USDT, EOS, XRP, TRX, TUSD, USDC, and AME. The P2P section offers support for various payment methods, which cannot be said about the exchange itself.
6. Totalcoin – Supported cryptocurrencies include BTC, USDT, ETH, LTC, and the most popular payment methods.
7. Bitcoin Global. Offers one month of commission-free trading and does not require KYC verification. You can buy or sell five cryptocurrencies (BTC, USDT, ETH, TRX, HOGE).
8. RiseX. A platform for trading Bitcoin with a referral system.
9. Bitvalve. Trade BTC, LTC, SHIBA, and DOGE with over 300 payment methods. Simple interface. Supports iOS and Android applications.
10. Sigen. A P2P platform where registration is not necessary to make an exchange.

Telegram-bots

Fast, simple, and convenient. Note that the exchange rate may not be as favorable.

1. TON Rocket – P2P buying/selling of TON cryptocurrency for fiat.
2. CRYPTED – selling, buying, and storing cryptocurrencies. This bot implements a fully decentralized crypto exchange within Telegram.

Non-custodial platforms

The main advantage is the absence of the need to hold funds on the platform. You can use one wallet simultaneously for all exchanges. The downside is low liquidity.

1. Localcoinswap. A decentralized cryptocurrency exchange platform that allows users to trade without intermediaries. Buying cryptocurrencies such as BTC, ETH, USDC, USDT, and DAI are available. Over 300 payment methods are supported.
2. HodlHodl. An anonymous P2P platform for cryptocurrency exchange. This P2P exchange is convenient because it does not require mandatory identity verification or disclosure of confidential information. For beginners who have concerns about using real money, there is an option to create an account in a test network and explore the platform’s functionality.
3. Bisq. A decentralized cryptocurrency exchange with a focus on security and privacy. It supports Bitcoin, Ethereum, USD, EUR, CNY, and many other currencies and cryptocurrencies.
4. Smartswap. A decentralized cryptocurrency exchange platform that utilizes smart contracts for secure and direct transactions.

Rare ones

Exchanges you probably didn’t know about

Remember the old-school

1. Webmoney. The main instrument for trading on this platform is derivative instruments known as notes. The exchange itself does not charge fees for transactions or services, only 0.8% of the amount when depositing funds into the trading account.

Anonymous Monero trading

1. LocalMonero. A platform for buying and selling Monero, one of the most anonymous cryptocurrencies.

Asian market

1. CoinCola. A platform that offers gift card listings and CNY trading within China, bypassing local regulations.
2. Remitano. Another Asian P2P exchange. Popular in Vietnam and India. It has a unique working mechanism similar to Garantex.

Bonus: СatalogoP2P – a catalog of private exchanges in Brazil.

Find offers right now!

In this article, we have explored various P2P platforms. We believe that the exchanges mentioned will be valuable for 99% of people using P2P exchanges. When choosing a platform, we recommend checking the following points:

• Custodial vs. Non-custodial – If liquidity and security are your priorities, consider custodial solutions. But if you value anonymity and decentralization more, non-custodial options are suitable. They offer a higher level of privacy and allow trading without trusting your funds to a third party.
• Liquidity – If you need a large volume of funds, use liquid platforms. However, on less liquid platforms, you may find more enticing exchange rates.
• Exchange rate – It’s evident here. Choose the most favorable exchange rate. Monetory can help you find it through its search feature!