Are you tired of searching for the best P2P exchange for bitcoin buying? No worries we hold you back. P2P is becoming a quite famous way to buy or sell bitcoin from all corners of the world. In this method, you don’t need to rely on any order book for transactions.
You directly deal with the person who is willing to sell or buy bitcoin. Well in this article we will share the top 5 best P2P Exchange For Bitcoin Buying in 2022 with pros and cons, that will make it easy for you to choose the best one.
What Is P2P (Peer to Peer):
Well, it is quite simple to understand P2P exchange. Do you know P2P also known as Peer to Peer? Peer to Peer means the people standing in the same position, right? And it works the same.
In simple language, the bitcoin holder sets a price to sell the bitcoin and the payment accepts modes as well like PayPal, credit card, debit card, and other methods.
And the good thing about P2P is it completely depends on the buyers and sellers at what price they will buy or sell bitcoin. Which may bring a good price to both dealers (Buyer & Seller).
In P2P mode buyers don’t buy bitcoin from the order book, instead of that, they deal directly with a person. And it opens the gate for both to choose the best price.
5 Best P2P Exchange For Bitcoin Buying
Paxful:
Paxful launched and has been leading in the market since 2015. Paxful of the service which allows you to pay via multiple methods like debit card/credit card, Paypal, and gift cards, and for Indian users it supports Paytm and Phonepe as well.
Paxful doesn’t charge for the buyers but they take 1% from the sellers, which makes it more attractive to all. That is the reason they are holding more than six million users worldwide. The best thing about Paxful is you can start affiliate marketing with this.
They offer you a straight 50% commission from the amount invested by your referrals and 10% more when you affiliate refer someone then also you get the commission. Paxful allows you to pay cash when you buy cryptocurrencies, therefore no bank account is needed, cool isn’t it?
The user interface of the website is attractive and easy to understand, even a new user can easily understand it and start trading. And it is protected by Escrow which keeps your amount more secure.
Pros:
- 50% commission on direct referrals and 10% commission on the second tire.
- Easy interface and superb customer support.
- Doesn’t charge buyers and 1% for the sellers.
- Multiple payment options.
Cons:
- Buying limits are divided into levels.
- 1% charge from the sellers.
Remitano:
If you are looking for the lowest fees P2P exchange platform? Well, here comes the Remitano. This company is a child product of Babylon Solutions Limited. This platform deals with one of the lowest fees around the globe.
Remitano made it easy for users to deal with major cryptocurrencies with multiple payment options like bank transfer, UPI option, and cash deposit. This is a Peer to Peer decentralized crypto trading platform.
You are not forced to provide your Government ID for transactions. The only issue with Remitano is that they deal in very few cryptocurrencies like BTC, ETH, LTC, XRP, and USDT. You can download the Remitano app on your Android & iOS device for easy access to the service.
Remitano makes promises to deliver your bitcoin within 15 minutes or in case you don’t get it then they offer you a compensation of 0.25% of total trade values. Their technical team is highly dedicated to the users so they don’t take long to resolve your issues.
Pros:
- Lowest fees among all.
- Fast service.
- Promise to deliver bitcoin within 15 minutes of trade.
Cons:
- Deal in a few cryptocurrencies.
LocalBitcoins:
LocalBitcoins is the platform that provides you P2P service. For buying bitcoins you don’t need to rely on a middle man on LocalBitcoins, and that saves you an extra burning fee.
This platform is completely safe and risk-free. When you buy Bitcoins or sell Cryptocurrencies are fully locked into a secure escrow system. You can buy Bitcoins and other leading cryptocurrencies like Ethereum using 250+ payment methods.
You are not required to do any KYC for that, just an email, and you are done. The trustable thing about LocalBitcoins is, that this platform serves its service in more than 16430 cities and 248 countries including the United States and India. Money transferring and receiving is very fast on LocalBitcoins.
Pros:
- Easy Interface and good customer support.
- Low trading charges compared to others.
- Multiple options for payment.
Cons:
- Local Bitcoins deal in Bitcoin only, not any other Altcoins.
- Take a higher fee for cash deposit.
Binance P2P:
The next Peer 2 Peer exchange is Binance. Binance is one of the platforms that deals in multiple systems like a decentralized exchange, future exchange, cryptocurrency spot exchange, P2P exchange, Staking platform, Debit cards, and many more.
This is a global exchange service that enables you to buy and sell bitcoins. If any user wants to sell their crypto coin listed the coin to sell, and if you wish to buy, you can buy from them directly.
Binance is a widely used platform therefore they have opened multiple gates for payment. You can make payments here with debit/credit cards, P2P transfers, local currencies as well.
The best thing about Binane is you don’t need to burn a simple penny for transactions on Binane and along with that, they support multiple currencies which makes it easy for users to trade.
Pros:
- Low trending fees.
- Allows you to deal in multiple currencies.
- Easy to use.
Cons:
- Available in the US but not in these cities Connecticut, Hawaii, Idaho, Louisiana, New York, Texas, Vermont, and Washington.
BitValve Exchange:
Our last exchange service in the 5 Best P2P Exchange For Bitcoin Buying is BitValve Exchange. In this seller set, the price and payment method according to their convenience and buyer can choose from the list of sellers.
This platform enables you for more than 25 payment options including Alipay, Amazon Gift Card, Credit card, Easy paisa, PayPal, and many more.
Along with that, you get a price calculator that makes it even easy for you to calculate the current price. The website comes with a user-friendly interface. You can sell & buy Bitcoin, Ethereum, and Litecoin on this platform.
Pros:
- More than 25 Payment options.
- Deals in various cryptocurrencies.
- Easy interface.
Cons:
- Lack of crypto-to-crypto trading.
- The support system is not good, especially for Android and iOS.
Conclusion:
Choosing the right P2P exchange is a critical task because it involves money. So security and privacy do matter a lot. We made it easy for you because in this article we shared the top 5 Best P2P Exchange For Bitcoin Buying [2022].
These platforms are the best in the market, you can choose according to your need. We hope this article was helpful for you.
