They merely connect Bitcoin buyers and sellers, the rest is left up to you. P2P exchanges usually won’t charge you any fees to trade on the platforms. While regular exchanges serve as intermediaries between buyers and sellers and make a profit by collecting fees, P2P exchanges don’t. P2P Exchanges vs Regular Bitcoin Exchangesīut what are the main differences between a P2P exchange and regular Bitcoin exchange?

The seller will send Bitcoin straight to your wallet.

You choose a seller you’d like to trade with or create a new trading advertisement.

Generally, here’s how you can easily purchase Bitcoin using a P2P exchange: Allowing users to buy/sell directly with each other without any trusted third-party to help carrying out transactions.

P2P crypto exchanges simply remove the middlemen, the core strength of Bitcoin’s design. What are Peer-to-Peer Cryptocurrency Exchanges? Binance P2P (Global) – Buy Bitcoin with local currency at ZERO fees.Buy a max $1,000.00 daily with phone verification. Remitano (Global) – Buy Bitcoin and other cryptocurrencies in 30+ countries, including US.

Hodl Hodl (Global) – Buy/sell Bitcoin with No KYC/AML.Whalesheaven (Global) – Peer-to-peer custody-free exchange.LocalBitcoins (Global) – The OG of peer-to-peer bitcoin trading available worldwide.Paxful (Global) – Buy and sell digital currencies using over 350 different payment methods.LocalCoinSwap (Global) – Buy Bitcoin, Ethereum and other cryptocurrencies using 250+ payment methods with no KYC.To get you started, here are 7 best P2P exchanges for trading Bitcoin. Wouldn’t it be great if we could remove the middleman, skip ID verification process and trade directly with each other without having to pay unnecessary fees? It’s no surprise that the P2P marketplaces have grown considerably in recent years. Peer-to-peer bitcoin exchanges offer anonymous ways to buy and sell Bitcoin with a wide range of payment methods. However, if privacy and security matter to you, then P2P exchanges will likely be a better option than the regular exchanges in 2022. Ironically, many crypto traders, hodlers and investors are still heavily relying on centralized exchanges like Coinbase to act as a middleman to help process all the trades. Want to buy Bitcoin anonymously and instantly?Īs we all know, Bitcoin was created by Satoshi Nakamoto as a “peer-to-peer electronic cash system”. Are you looking for the best P2P exchange to buy/sell Bitcoin?

Top p2p sites of 2018