Top Eight P2P Crypto Exchange Platforms in the USA
Currently, In the fintech world, Cryptocurrency has seen explosive growth, with an ample amount of people investing in digital assets than ever before. With the increased popularity of cryptocurrencies, the demand for secure and efficient ways to buy, sell and trade them has also grown. In the case of the trendiest crypto businesses, P2P Crypto Exchange provides users with the most secure and convenient way to buy and sell digital assets without the involvement of third-party intermediates.
By connecting buyers and sellers directly, Peer-to-Peer Crypto Exchange ensures that all transactions are highly secure, and offer users low transaction fees, fast settlement times, and anonymity. As the crypto market continues to expand, P2P Crypto Exchanges are becoming more popular and are rendering users a convenient and more secure way to take part in the crypto revolution.
These days, advertisements for Bitcoin exchanges are very widespread, with each one claiming to be the best in the business. For newbies, this could make things a little confusing. So let’s explore which peer-to-peer exchanges you may rely on.
Top 8 P2P Crypto Exchange Platforms
- Binance P2P
Binance P2P — the most well-known Crypto exchange in the crypto world, knows the importance of P2P. When it comes to P2P trading, Binance is a great alternative because it provides access to a variety of withdrawal choices, payment methods, and transaction execution times. To access the Peer to Peer, margin, or futures trading platforms on Binance, Users must complete the Know Your Customer (KYC) process. With KYC authentication, User can still deposit their digital assets into their account. Also, Binance has its own cryptocurrency, called Binance Coin (BNB), and its blockchain called Binance Blockchain.
Users can anticipate affordable rates for both instant and delayed transactions. Also, they can even exchange their Bitcoin or Ethereum for alternative cryptocurrencies if they want to diversify their trading portfolio.
2. LocalCoinSwap
Another P2P cryptocurrency exchange where users may swap virtual currency while remains anonymous is LocalCoinSwap. LocalCoinSwap was founded in 2018. Whether you are in the UK, Argentina, Venezuela, or anywhere else, the LocalCoinSwap exchange can put you in touch with other traders at fantastic pricing for the crypto assets you want. This is known to support 10 different cryptocurrencies as well as both custodial and non-custodial trading. To help make things a bit easier for cryptocurrency traders, they allow customers to pay for transactions using 7 different payment methods.
Users can trade on this LocalCoinSwap anonymously to the point that no need to identify transactions. They charge a flat rate of 1% for each offer created in terms of transaction costs.
3. Wazirx
Wazirx — one of the P2P Crypto exchanges that is established in 2017, calls itself the “Most trusted Indian Crypto Exchange”. The interface of Wazirx is user-friendly. It’s quite a delightful experience when you trade crypto on your smartphones. By using WazirX P2P, you can purchase and sell USDT with other buyers and sellers instantly.
You can use the Wazirx platform to connect with the ideal buyer or seller at any time. That’s what P2P stands for “People to People”. Imagine it as Tinder with Crypto markets. If you want to purchase or sell and if the other person wants to buy or sell determine whether you are matched.
The world’s first “auto-matching P2P Engine” is where Wazirx excels. Therefore, the platform will choose the seller for you instead of you. This allegedly provides the best exchange rate.
4. Hodl Hodl
Hodl Hodl is a Peer to Peer Crypto Exchange Platform that majorly concentrates on trading in bitcoin. The main objective of the platform is to reduce any third-party involvement in the trade process between buyers or borrowers and sellers or lenders. HodlHodl was launched in 2016 by Hodlex Ltd, based in London. It operates as a Non-custodial platform that doesn’t hold onto its user’s funds. Instead, users of the P2P platform and contact one another, while mediators of hodlhodl ensure everything compiles with their escrow policy.
Hodlhodl is quite a bit of a hidden gem in the crypto space, especially how most P2P platform executes as a centralized party that controls your digital assets. With the inclusion of multi-sig escrow addresses, it lessens third-party risks and provides users with P2P trading and lending features.
5. WhalesHeaven
The next big P2P Crypto Exchange that rules over the crypto world is WhalesHeaven. For security and flexibility in trading, this P2P crypto exchange incorporates multi-digital currencies and multi-sig wallets. Also, Users have access to 24/7 customer support. WhalesHeaven assists you in easily swapping your tokens from different blockchains on a highly secured network without worrying about losing your money.
After signing up on their insightful platform, you can set up quick auctions and buy cryptos from other participants. There is no cost charged while withdrawing money. Currently, Users can purchase and trade cryptocurrencies and other tokens on various blockchains such as Ethereum, Binance Smart Chain, avalanche, and more.,
6. Remitano
Another P2P Crypto Exchange Platform is Remitano. With this crypto exchange platform users looking to sell and buy digital tokens, including its own RENEC token. Traders can also decide on a margin account to perform cutting-edge transactions. Unlike the rest of the P2P crypto exchanges on this list, Remitano does integrate some rigid KYC checks, it is typical for sellers on Remitano who require buyers to have already verified their identity.
7. Gemini
Gemini, a trading platform designed with beginners in mind, comes at the top among the 8 P2P cryptocurrency exchanges on this list. This Gemini exchange is a casual peer-to-peer Crypto exchange, it charges fees proportional to the spread cost and that renders you access to more than 50 cryptocurrencies.
One of the greatest P2P cryptocurrency exchanges for both newbies and pro-crypto investors and traders can be founded when you combine these features with anonymous settlement and no minimum order size.
When comes to registering an account in Remitano, it only takes a few seconds, and this peer-to-peer exchange builds its P2P Crypto Exchange Development platform with beginners in mind.
8. KuCoin
KuCoin is another P2P Cryptocurrency Exchange development for Non-American traders ready to move to a more cutting-edge trading platform with enriched features. With this P2P exchange, you can earn interest on your crypto while it sits in your wallet, finally making it one of the top-notch P2P Crypto Exchanges on the market.
This Exchange claims that one-in-four users hold some assets on its platform. This indicates there is a big pool of buyers and sellers to trade with for added liquidity. Depending on the currency and third-party app used, transfer fees may occur.
Final Thoughts
The above-mentioned most popularized Peer-to-Peer Service options like Binance, WhalesHeaven, and more., Traders will be spoilt for choice when choosing which of these best P2P Crypto exchanges they want to utilize. Though no platform is perfect, I hope this list of these top 8 P2P Crypto Exchanges has proved useful in your search for feeless, anonymous, and safe peer-to-peer transactions.