The core attraction of the Crypto industry has always been the innovative advancements and making the impossible possible. And, one among those is P2P Crypto Exchange Trading platforms. This article will give you a deep insight into the 10 top P2P Crypto exchange platforms and how to considerably choose one.
Sounds foreign?
Long story short, the dramatic rise in cryptocurrency users over the past decade and its daily advancements have been making many startups jump into the crypto realm. On the other hand, this also led to a search for a perfect cryptocurrency exchange with exponential trading opportunities. Hence, there raised a money-making business idea for budding startups and entrepreneurs – P2P Exchange Platform Development. As a startup, many think that this is the best way to establish their brand.
Think about having the power to trade on your terms – no bankers, no brokers, and no intermediaries. That’s exactly what a P2P Crypto exchange platform will do for you. A P2P crypto exchange is a crypto trading platform where one can buy and sell popular digital currencies without third-party involvement. Moreover, numerous top P2P crypto exchanges are at present in the crypto marketplace which were also once in their beginning stages. This blog outlines various exchanges, detailing their features and functionalities, and guides on how to select the best P2P Exchange Trading platform.
List of Top P2P Crypto Exchanges in 2024
Each P2P exchange is distinguished by its features, transaction fees, supported cryptocurrencies, daily trading volume, and payment methods.
We have analyzed to shortlist the list of the best P2P crypto exchanges of the year 2024.
- Binance – World’s Largest Crypto Exchange
- Paxful – Ideal Exchange for Beginners
- Bitstamp – Oldest P2P Crypto Exchange
- Remitano – Innovative Escrowed P2P Exchange
- WazirX – Best P2P Trading Sphere
- CoinDCX – Crypto Exchange for Altcoins
- Kucoin – Crypto Exchange with numerous Cryptocurrencies
- Huobi – Ideal Exchange with High Liquidity
- OKX – P2P Crypto Exchange without a Transaction fee
- Bybit – User-friendly Crypto Exchange Platform
Read further to get a detailed insight into the features and special functions of the above-mentioned top P2P crypto exchanges.
Binance – World’s Largest Crypto Exchange
Binance is a popular and renowned centralized crypto exchange platform that supports Bitcoin, Tether, BUSD, BNB, Ethereum, Shiba Inu, and Cardano. In addition to cryptocurrencies, Binance supports fiat currencies in P2P trading. The average trading volume of this platform is $5,910,628,428. Also, this platform has an advanced filter search option for choosing prices, cryptocurrency, payment methods, regions, and trading methods for users. That’s why it is one of the best P2P exchange for investors.
As a centralized exchange, Binance offers a secured crypto wallet to facilitate transactions instantly and effortlessly with a transaction fee of $0, based on trading pairs. The user can buy cryptocurrencies through various payment methods like OSKO, Revolt, Faster payment transfers, Skrill, and many others. Even it supports Cash deposit as a payment method. Other than P2P trading, Binance offers spot trading, margin trading, OTC trading, IEO launchpad, and limit order trading to attract a wider user base. If you are looking to launch a crypto exchange similar to Binance, a Binance Clone Script is an ideal solution. This script enables you to create a Binance-like crypto exchange instantly and cost-effectively.
Paxful – Ideal Exchange for Beginners
Unlike usual P2P crypto exchange platforms, Paxful supports only three cryptocurrencies which include Bitcoin, USD coin, and Tether. But, it has 350+ various payment methods like Apple Pay, Skirrl, PayPal, M-Pesa, Venmo and others. Additionally, it also accepts gift cards from 130+ merchants including Amazon, Steam, eBay, and iTunes. These functionalities make the platform a go-to option, especially for beginners and considered a s top P2P crypto exchange in the crypto realm.
No fees are charged for P2P transactions rather sellers must pay 1% of the transaction amount. This platform offers an advanced filter option and an additional feature review system which is maintained by this exchange. Also, there are review and rating tabs where the new users can view the review and decide on trading. The review systems help to completely avoid scams and fraudulent activities.
Bitstamp – Oldest P2P Crypto Exchange
The Bitstamp platform is one of the oldest and top P2P trading platform highly known for its accessibility to various cryptocurrencies and altcoins. Users who are just starting their crypto trading journey will go with Bitstamp Exchange. Because Bitstamp offers its users a dedicated in-built customer care system, to solve their disputes and queries instantly. With this P2P trading platform, users can also access other trading options like margin trading, limit-order, stop-order, and instant order.
Nearly this platform stores nearly 90% of crypto assets offline. This crypto market has a trading volume of $182,412,057.21, with an average transaction fee starting from 0.40% for every transaction. Bitstamp P2P exchange is one of the oldest P2P crypto exchange platforms which supports 80+ cryptocurrencies. Also, this platform supports payment methods such as USD wallet, SEPA, debit/credit card, ACH transfer, crypto conversion, and more.
Remitano – Innovative Escrowed P2P Exchange
Remitano Exchange is known for its highest security features and plugins. More than 62+ cryptocurrencies are supported in this top P2P crypto exchange. Remitano exchange also supports cryptocurrency deposits and a few fiat currency deposits based on the jurisdiction.
The withdrawal, maker, and taker fee is as follows: 0.0005%, 1.00% and 0.00%. The average trading fees for the transaction include 1% for P2P exchanges. The Remitano exchange is available in mobile app versions for both Android and iOS devices for convenient trading of investors. This P2P platform also provides a centralized wallet for crypto transactions, deposits, withdrawals, fiat transactions, and an escrow system to reduce scams.
WazirX – Best P2P Trading Sphere
WazriX is India’s top P2P crypto exchange platform that offers exponential P2P trading services for users. The average trading volume of WazirX hits about $2,325,002 within 24 hours. And, it supports more than 173 cryptocurrencies including Bitcoin, Litecoin, and Dogecoin. The WazirX platform was integrated by the Binance exchange and runs on Binance Blockchain.
The average transaction fee includes 0.2% in this crypto market. WazirX offers a user-friendly trading platform with robust transactional speed and integrated trading tools. The WazirX platform provides high-end security features and stores significant assets in cold storage.
CoinDCX – Crypto Exchange for Altcoins
Similar to WazirX, CoinDCX is an Indian-based top P2P crypto exchange platform supporting 200+ cryptocurrencies. CoinDCX platform mostly focuses on the security of the users. Compared to other crypto exchanges in the market, CoinDCX charges lower transaction fees. Sellers and buyers pay 0.20% of the transaction fees.
With an average trading volume of this exchange is $4,647,684, CoinDCX also provides margin trading for a seamless user experience. Users can stake various digital assets in the exchange. In this exchange, nearly 90% of crypto users’ assets are stored in cold storage wallets.
Kucoin – Crypto Exchange with Numerous Cryptocurrencies
Kucoin is the best P2P crypto exchange platform which supports 200+ cryptocurrencies for transactions, at a lower fee structure for P2P transactions compared with other exchanges. The average transaction fee of this exchange includes 0.005% only. Also, it supports Popular cryptocurrencies including USD, EUR, and GBP.
Sellers are not expected to pay any transaction fees for P2P transactions. Buyers tend to pay only the quoted price of the transaction of the seller. Additionally, by staking certain cryptocurrencies on this platform, Kucoin attracts its user base. The daily average trading volume of the Kucoin exchange is $665,575. Local payments are also accepted in the regions of India, Vietnam, and Nigeria.
Other than P2P trading, this crypto market provides different types of trading options including market, limit, stop-limit, and margin. Users can experience high benefits with this platform’s trading bot that helps with efficient crypto trading.
Huobi – Ideal Exchange With High Liquidity
Huobi is a popular and top P2P crypto exchange among Asian countries, which is highly known for its ample liquidity. Nearly 700+ cryptocurrencies including Bitcoin, Dogecoin, and Huobi coin can be traded in this crypto market. Huobi P2P crypto exchange supports 6 cryptocurrencies namely Bitcoin, Tron, Ethereum, USDD, Huobi token, and Tether. This exchange platform offers premium features like gift vouchers for its users based on their experience in Huobi trading.
The basic fee charged in this platform is 0.2% but users who trade with Huobi tokens can get a discount on the trading fees. On average, the Huobi platform has around, 45 million active users. One of the exponential features of Huobi is its high-end security. Users’ funds are secured in multi-signed cold wallets. In addition to these features, the Huobi platform has a well-versed customer support team.
OKX – P2P Crypto Exchange Without Transaction Fee
When compared with other crypto exchanges, OKX is one of the ideal and best P2P Crypto exchange platforms for crypto users. Unlike other exchanges, OKX won’t charge any transaction fees for P2P trading which is an add-on benefit for users. This platform with an average daily trading volume of $1.40 billion supports nearly 6 cryptocurrencies and, 100+ fiat currencies.
In this platform, users can use advanced filter options for searching through certain filters like Price range, cryptocurrencies, payment method, fiat currency, and purchase method. This exchange enables 900+ payment methods including local bank transfers, SEPA, SWIFT to Perfect money, Revolut, and Transferwise all over the world. Unique features of High-yield trading bots are also provided in this trading platform for users.
Bybit – User-friendly Crypto Exchange Platform
Bybit is one of the best P2P crypto exchange platforms where users can post advertisements for secure transactions. The platform gives complete security for users with 2 factor-authentication and facial recognition. The unique feature that makes this exchange stand out from other popular P2P exchange platforms is its crypto-to-fiat currency conversion which is completely free of cost.
Not only for P2P exchange, but this market is also famous for its margin trading. This platform provides an order book where trading volumes and the current market can be analyzed easily. The Bybit P2P trading platform supports four popular cryptocurrencies: Bitcoin, Tether, Ethereum, and USD coin. Also in this, P2P trading no charge is deduce for buyers and sellers.
Overall, Gaining a deep insight into the list of Top P2P crypto exchange platforms must leave you confused about how to choose the best one. Then read further to get it clear to Start a P2P Crypto Exchange. And, the next section deals with the factors that are to be taken into consideration when choosing a P2P exchange trading platform.
How to Choose the Best P2P Crypto Exchange Trading Platform?
With numerous options available, selecting the right P2P crypto exchange trading platform can be daunting. The upcoming section highlights the essential factors to consider when choosing a P2P exchange platform.
Security Protocols
Security is paramount in whatever trading platform you decide to tie hands. Thus, choose a P2P trading platform that offers robust security measures such as two-factor authentication, encryption protocols, and escrow services to protect your funds and personal information.
Supported Cryptocurrencies
Take a look at the supported cryptocurrencies on the P2P crypto exchange platform. Many platforms support popular cryptocurrencies like Bitcoin, Ethereum, and stablecoins like Tether. Ensure that the platform supports your preferred Cryptocoins.
Transaction Fee
Some platforms charge transaction fees, while others do not. Ensure that the fees and conditions align with your business requirements.
Supported Options
Make sure that the chosen platform supports diverse payment methods to enhance convenient trading. Also, look at what fiat currencies the platform supports. Because offering more options attracts more users.
Customer Support
Moreover, Select platforms providing 24/7 customer support and guidance for issue resolution and assistance whenever required.
Regulatory risks
Check whether the platform is free from legal and regulatory risks and if it complies with relevant regulations and has the necessary licenses.
Overall, When choosing a P2P trading platform conduct thorough research and evaluate the above-mentioned aspects. And this will help you find the top P2P crypto exchange platform that meets your trading needs and offers a safe and efficient trading environment.
Furthermore when it comes to revenue generation, one can benefit in two ways, Trading in a P2P exchange and creating a P2P exchange. Just like trading in OLX and owning the OLX. On a scale of 10, how surprised would you feel if told that you can solely create a P2P Crypto exchange like the above by just spending some bucks?
Platforms like Kucoin, Bybit, and many more might be now on the list of “10 top P2P crypto exchanges”, but don’t forget the fact they also started from somewhere. At the end of the day, the idea of being a startup means you also have to begin somewhere right? Then that beginning point will be to approach a professional P2P Crypto Exchange Development Company. Many popular P2P Exchange development companies offer these services with utmost professionalism. Coinsclone is one among them.
Why Opt for Coinsclone When it Comes to P2P Exchange Development?
Coinsclone, a leading P2P exchange development company, has offered P2P platform development services for nearly a decade. From ideation to successful platform deployment, we set our focus completely on aligning the client’s business goal with our vision. Our 50+ successful project completions stand testament to it. By leveraging our experience in P2P trading platform development, you can offer traders a secure trading experience. With our advanced tech tools and experts position your platform among the top P2P crypto exchanges in the market. Ultimately, Coinsclone also gives consultation and demo sessions free of cost.
Related Articles