Bitcoin Forum

Which is the best crypto exchange for P2P transactions ?  I am looking for a good alternative to Binance P2P.

You haven’t specify the kind of exchanges you are looking for, is centralized exchanges or decentralized exchanges.

In my perspective of the best exchanges i see decentralized exchanges as the best, because with them your privacy and anonymity is intact not compared to centralized exchanges where most of them request for KYC before you can do perform P2P.
So if you’re looking for non KYC then visit kycnot.me (https://kycnot.me/), but if it is KYC exchanges then there are exchanges like KuCoin, OKX, MEXC and more.

You can read Ratimov’s threads
non KYC exchanges (https://bitcointalk.org/index.php?topic=5461920.0)

For decentralized exchanges:

https://bisq.network
https://agoradesk.com/
For more: https://kycnot.me/

For privacy, I expect you to go for a decentralized exchange.

On centralized exchanges:
OKX
Bybit
Kucoin
HTX

SInce Paxful and LocalBitcoins closed down, people moved over to LocalCoinSwap.com

Since Binance is a KYC centralized exchanges, here are some few additional recommendations on decentralized exchanges and no kyc exchanges you may try out

No KYC exchanges encyclopedia
https://bitcointalk.org/index.php?topic=5461920.0

decentralized exchange
https://bisq.network/
https://localcryptos.com/
https://hodlhodl.com/

Understanding CEX and DEX
https://bitcointalk.org/index.php?topic=5447152.msg62015622#msg62015622

Make sure to read this additional threads in having more understanding about their differences and also follow the recommendations provided to select the best option that you preferred.

If you already use Binance P2P, one of the best centralized exchanges we have, why would you want to find an alternative?  if you are thinking of looking for another centralized exchange then I think there will be no better solution than Binance.  but if you start to care about privacy then you can use kycnot.me as mentioned by Zaguru12.  It offers a lot of options, you can choose any exchange you like.  in addition, there is a note that the liquidity of decentralized exchanges cannot be greater than the liquidity of centralized exchanges, if you need to trade large amounts of money, you should consider carefully.

Binance might be the biggest centralized exchange but there are people that actually prefer using other centralized exchanges most especially the P2P transactions, I have heard of people that prefer KuCoin to binance. Also OP might be from a country where binance is restricted to use because of regulatory issues like the binance US and as such could seek another centralized exchange as an alternative

I was going to write Binance, but other than Binance, I will say, the answer will be based on your location, but if you can use Binance in your country, then I think you can use any other exchange in your country too (which is also not very true in some cases like Binance works in my country and probit and wazir don't).

Well, you solely mentioned a centralized exchange, so I will say you can try any of the following: But you have to find the one that works in your country, as if they don't, then your KYC will be rejected.

• Coinbase
• Kraken
• KuCoin
• ByBit
• OKX

These are the top 5 exchanges after Binance, which have the most trading volume and trust in the market, and if you want to go for a decentralized exchange, then you should check the following thread out.

• [BIG LIST] Buy/Sell Crypto (OTC, P2P, DEXs, CEXs, NO-KYC, ATMs, etc.) (https://bitcointalk.org/index.php?topic=5270416.0) by Ratimov

I never used Paxful but was an avid LocalBitcoins user, it was sad that they stopped offering services. I assume it was regulatory red tape but not certain. I will take a look at LocalCoinSwap, I have never heard of it before. Do you have positive experiences using them?

Binance is by far the best exchange for p2p transactions but in this case you want another exchange that's a good alternative of Binance. Since you're trying to find an alternative of Binance P2P so I decided to share the one that's the best one after Binance p2p. The exchange is named as OKX (https://www.okx.com/p2p-markets) and it's by far the best alternative of Binance p2p. You can easily trade p2p on this exchange and surely there will be many sellers and buyer that accept the fiat currency of your country.

I am curious to know your concern about Binance p2p exchanges. If it's related to KYC verification, then most centralised cryptocurrency exchanges are now asking for KYC. Those who aren't asking now might ask very soon. So you have to find a decentralised p2p cryptocurrency exchange. You may find some exchanges that've been mentioned by other users. Better share your concern here, so we may prefer a suitable solution for you. Besides that, you may use the forum currency exchange section for P2P sales. Just make sure to use an escrow service if the buyer or seller isn't trusted enough.

IIRC, Paxful came back but even so, I wouldn't use this type of service that has announced closure before then came back to life after a month.
Paxful restarts marketplace operations for the first time since April (https://cointelegraph.com/news/paxful-restarts-marketplace-operations-for-the-first-time-since-april)

There are times when we tend to find something better if the current one that we use in P2P trade isn't good enough for us. I guess there's no reason behind that but just to find a better or just another platform where he can trade.

Yes, I trade with a lot of the same people that were on LB and Pax. Similar concept as LocalBitcoins, but the site never holds the funds. You deposit into your own wallet, and send the funds to seller's wallet, which is monitored by the site. You have to pay extra for the transaction fees, and it takes a little longer, but it's secure and safe.

There are actually many P2P (peer-to-peer) exchanges for buying crypto, and the best one for you will depend on its security and convenience as well as the specific needs and preferences of its users.
OP should do research and study first before choosing a P2P exchange that he thinks is good and suits his needs. Because everyone already has an exchange that they trust and believe is the best in every way, and I personally still trust the two P2P exchanges that I think are the best, namely Bitget and Binance.

I am currently using two P2P platforms

PeachBitcoin.com > ://bitcointalk.org/index.php - KYC free but with a limit of €1000 per day.
For selling BTC I found Peach a bit easier or convenient that HodlHodl. I access Peach through
the smartphone app. This platform is new to the market in 2023.

and
HodlHodl.com - on HodlHodl I am finding the transaction speeds to be a good bit faster
than Peach, or maybe its the escrow release times are quicker, either way they seem to be
quicker, I have 2 pending buy trades on Peach for over 12 hours now, no such issues
with HodlHodl

Both I find really good but I am presently in BUY mode and find it a bit more frustrating than
selling. I found both platforms very easy to sell but now the sell prices which I want to buy
are fairly well inflated but that is nothing to do really with the platforms themselves.

Just my 2satoshi's on those 2 above

Right now, the platforms I use when it comes to p2p transactions are Okx and Binance. And so far, my experience with them has been good and smooth. I've been using them for quite some time now that I'm converting crypto to our fiat currency here.

Especially Binance; it's been used for me. Hopefully, there will be more P2P platforms that provide such facilities for exchanges. But I haven't tried P2P Uniswap, Bisq, or Hodl Hodl. Have any of you tried them?

Binance is the most popular centralised exchange today. If you want the greatest experience for simply p2p services, I believe Binance is the one to use. If you wish to use it for something else, many people have recommend KuCoin which is also good. It's an excellent platform, and I have a lot of trust in their security system.  Unless you do not want centralised exchanges, you can experiment with the alternative decentralised exchanges mentioned above.

Actually, in my opinion, Binance is good and there is nothing wrong with P2P there.

However, if you are looking for somewhere other than Binance then I would suggest
1. Bybit
2. OKEx
3. Kucoin
4. Bitcointalk (you can use this forum to find someone who provides P2P services)

Or you can look for other alternatives on local exchanges in your area. I'm sure if Bitcoin is popular in your area, you will find it very easy to find P2P services.

I bet binance is the best when it comes to p2p transactions due to its lots of available merchant/ads and easy to transact platform but on the other hand you need to pass the required kyc. If you are referring to dex i'll suggests of these as well... Well, it's most recommended DEX.
 

I find that if we use P2P of centralized exchanges, it will be more convenient than P2P of decentralized exchanges. In my opinion, liquidity on decentralized exchanges is still not high, I tried once with bisq but finding currency buyers and sellers in my country is quite inconvenient. There aren't too many options for me, whereas on Binance, I can easily choose traders with many different prices.

To be fair, CEX offers a better experience but the issue is privacy and people who don't care about that should stay at CEX. For those who value privacy and identity, DEX is definitely the choice but will be quite more inconvenient than CEX.

Yes, for users who doesn't care about the privacy binance provides with the best P2P transaction. It have got the P2P trade with zero fee which is really good and it is possible to see good number of buyers and sellers which makes trading more easier. Not every centralized exchanges provide with the best experience, binance is good in it. Over time binance had been adding more and more features enabled to the P2P transaction making trading simple.

Earlier majority of the people prefer localbitcoins and the shutdown is completely unexpected. Even myself use it, now while checking the price and the profit margin between the two platforms binance is very competing with better price and margin.

Bisq is your best option, but the problem is always finding the necessary liquidity or having someone to do the deal with you. If you are prepared to wait, it is the best solution. Otherwise, searching through several P2P sites would be the best. The advantage of Binance is the presence of a large number of user base, which makes executing transactions faster.

Indeed, although we cannot guarantee our identity when using centralized exchanges, it cannot be denied that centralized exchanges are providing better services than what DEXs provide. From liquidity to transaction fees...CEX always has the upper hand compared to DEX and that is why even when many CEXs collapsed causing hundreds of billions of dollars in losses, there is still a large number of users. No matter how much we hate CEX, I think it is difficult for us to stop depending on them when DEX still cannot provide superior features like CEX.

Do people still use P2P in person? I know it was big about a decade ago when Bitcoin was fairly new and there weren’t many bitcoin exchanges in certain countries. However these days it doesn’t seem like it’s worth the risk meeting a stranger and dealing with cash.

If you don’t want to KYC you can always use a bitcoin atm. Sure the fees are large but unless you are buying large sums it’s not a bad option for many. I also remember on localbitcoins there was fees also for P2P it wasn’t as low as a exchange. But not as high as a bitcoin atm.

I think for p2p on centralized exchanges currently Binance is still very good. I also often use p2p services if the amount of sales or purchases I make is only small. Because usually if I sell crypto and withdraw it to my account via a local exchange in my country, I will incur quite a large fee. So I avoid it if it's a small transaction. But in fairly large transactions I prefer to use local exchange services only.

My experience in P2P transactions on Binance is also quite comfortable and safe. I haven't encountered any significant problems while using it. Just choose users who have good ratings and have good reviews. and don't forget to look at the average transaction speed of these users. Because there are some users who are a little late in releasing or responding. And that can be a bit annoying.

These exchanges you have recommended are in the lines of non KYC exchanges and do not incorporate the feature of peer2peer trading as per request of the OP.

---

When is comes to P2P is there a bigger name than the Binance platform  ::)

Are these a legit platform, because not many users around here talk about them and btw is this not an Altcoin exchange???

I expect that you are looking for an alternative to a decentralized exchange platform. For this alternative, you can use https://bisq.network and https://agoradesk.com/, these two platforms have been used by quite a lot of users globally and have quite a good reputation on this forum. You can choose between these two platforms and adjust which one you feel is most suitable according to your needs.

Binance, after all, acts as an intermediary, a middleman if you will. It is important to know the difference between these two types of p2p because real p2p is decentralized, meaning that there is no one person controlling the process.

Your emphasis on user reviews and transaction speeds is commendable. But lets also talk about the problem: Binance does seem safe, but relying only on user reviews and scores may make you trust the wrong things. Its true that reviews can be skewed and that speed doesn :-[t always mean reliability. Always think things through and be critical. That much attention should be paid to your hard-earned crypto.

To put it bluntly, P2P on Binance is no longer P2P in the true sense because the transaction has the intervention of a middleman and here it is Binance. But it can be said that P2P on Binance, or centralized exchanges, is still the choice of the majority of people because of convenience such as high liquidity, cheap transaction fees, and fast transactions.

If you have ever traded P2P on binance, the most effective way to choose a trader is based on reviews and ratings, there is no second way. But in the unfortunate event that your transaction has a problem, it is not a big problem if you comply with Binance's regulations. I remember they have a complaint department during the transaction so no one can scam you or take your money. Their only problem is the KYC process that many people don't like.

The exchanges i listed above all have the peer2peer feature. The centralized ones like KuCoin and OKX are one of the top exchanges after Binance for Peer2peer transactions. Also the Decentralized ones on the Kycnot site also support P2P. My pick is the Bisq due to his decentralization, also AgroDesk has been promoted too on the forum and you can see many forum members also given their support on the exchange.

I have been using Binance P2P and it's working fine for me. It also depends on what your priority is. If you want privacy, you should simply go and look forward to Decentralized platforms.
If you are looking for something more convenient, then you can try with a Centralised Exchange. Above you can see people have already suggested some great options for both.

The majority of exchanges have P2P features whether they are centralized or decentralized. But as many people mentioned above, P2P on decentralized exchanges is not convenient and has much lower liquidity than P2P on centralized exchanges. I used several exchanges and have not seen any without P2P features but people still like and focus a lot on Binance and OKX.

I don't know why OP wants to find an alternative to Binance when it is the best exchange we have, maybe he is looking for a decentralized exchange.

bitcoin to ? Fiat to ?

What kind of currency (thing) you want to receive, or send, that's mostly basic.
So, what you receive from the counterparty should be the start of where to go, that in itself defines you simply if your best option is DEx, CEX or as simple as using an escrow.
Always users tend to think of a P2P as sending you bitcoin and/or deposits in Fiat. (vice versa)

Anyway, stay away from p2p Fiat, even DEX.

So would you give up your privacy for a better user interface, you won't value decentralized exchange until you're in a position when power is been abuse to punish you then you'll value the power of decentralization. We shouldn't encourage CEX P2P because they're misleading the majority of of people joining the industry. Many don't even realize that there's a decentralized P2P service existing as when you mentioned P2P, the first thing that comes to their mind is Binance exchange. Centralized exchange are taking out the true benefits of Bitcoin and it should be of our concerns. If we ignore CEX, we can make use of DEX and when they see the volume increasing more companies will be force to make development in this area and better the users interface but when we neglect the sector and focus on CEX, more development and investment will be pushed towards that sector and keep making them better.


Whereas all centralized exchange are basically the same but not all will be obsessed with power and control as Binance Exchange is. Most of them are just after their profits and don't care about the control like CZ is with Binance exchange so using others instead of Binance will be ideal instead of giving them more control. I prefer Kucoin to Binance and I believe others will do the same. But the main reason for looking for an alternative is because we don't want to use centralized services, we want privacy and full control. If you don't have a laptop to make use of https://bisq.network/ effectively then you can try other decentralized P2P exchanges that are listed on https://kycnot.me or better still make use of your local merchant on your locally that is trustworthy instead of trusting centralized services that can sell your data for their profits or to the government.

i believe the OP is referring to converting his crypto to his fiat. and we don't know what fiat currency he wants here. but aside from binance p2p, i can recommend kucoin p2p. however, he needs to check if his fiat is available in their platform. quite reputable for me aside from binance. thought there are other platforms that have been endorsed with. that is if you have no prob submitting your kyc. on the other hand, for anonymous p2p platforms, you should be very cautious dealing with people.

If you're looking for a centralized exchange, Binance is considered the best for P2P transactions. However, if you want something different, I recommend trying out Bybit! Their P2P transactions (BTC to fiat) are smooth, and their interface is user-friendly. Just keep in mind that most centralized exchanges require KYC verification for outgoing P2P transactions. If you prefer to avoid KYC, you might want to explore decentralized exchanges instead.

P2P trade in person is really good choice, but the same being used as a way to steal people's money caused stopping of the trading in person feature. Earlier I've used those service and with some person it used to be really good. We meet at the common spot and exchange the fiat and cryptocurrency and move on once things got settled. Though it lets the other person know us, it was kind of good way of trade according to me.

Usage of bitcoin ATM is really bad. The transaction fee is really big. It also request for the KYC, for a which it is good to make use of the exchanges. For users who find it easy to access the ATM could find it good.

Have been using both Bitget and Binance. Both are good, haven't had any issues using any

Without any distinction as to which type of exchange we're talking about, I'd say the safest option out there is Binance's P2P. It's safe, secure, and you're obliged to check your wallet first before you go around selling the cryptocurrencies to the other person unlike other P2P methods. Their P2P interface is the easiest to understand out there as well. and the plethora of buyer and seller options to choose from allows every investor out there to really weigh in his choices and invest in whatever he feels the best.

Using a decentralized exchages, bisq is the best offer one can take, in addition to this, you may also consider hodl hodl as another recommendation, this are exchanges that will give you no stress on use, the convenience is there and together with the trust, they are also a p2p exchages, Binance is not a decentralized exchange, it's a centralized one and i don't see it having any much difference it have o er the decentralized one that makes it more preferred.

OP is looking for an alternative to Binance. So, Binance is not the best P2P exchange for him.
Try using bisq exchange. This might be the exchange that you are looking for. I find it safe, and you are comfortable using it as an anonymous user. However, you may find it troublesome as the transactions take time. So, you just have to be patient while using it.

Yeah binance p2p is really nice and  also well secured, there's still others that still trying also like.
•Bybit
•Kucoin
•Super EX.
 But still binance still the one I base on the most. Depends on the users though, But i will advice you to continue using binance because to me is the safest.

Most will say binance as it has the largest user base and can generate massive volumes. This is a valid point but if you have any local exchange or service provider that offers P2P services and can provide the service you require, then you should use it. Sometimes these experiences provide extra benefits but always look for customer reviews from different sources. If they have good customer service go for it.

In fact, most people shout "Binance" from the heavens because it has so many users and so much volume. But isnt Binance still a controlled exchange that acts as a go-between? Put everything in one place, everywhere. There are highs and lows, and its kind of like a fun gambling site, where everyone bets on how trustworthy a central entity is. Your point about local P2P services is valid; there is an unspoken appeal to being able to connect with your trade partner directly, cutting out the middle man.

Of course, each site has good and bad points. As you correctly said, customer reviews are the key. Before you act, look, look, and look some more from different angles. Great customer service is great, but so is making sure the platform is honest. When you're making such important choices, make sure you dont just skim the top.

At first I was using binance p2p, someone sent funds to my wallet in bitget & I decided to try p2p , I was literally scared but to my greatest surprise the value dropped real early in my account.. so yes the both are good for p2p