Top 3 P2P (Peer-To-Peer) Crypto Exchange To Trade Bitcoin

Legit Peer-To-Peer Exchange To Buy/Sell Bitcoin
Legit Peer-To-Peer Exchange To Buy/Sell Bitcoin

You’re reading this because you probably want to buy Bitcoin without paying the hefty fees or doing your research to find the best Peer-To-Peer (P2P) crypto exchange available in the market.

Related Post: Buy Bitcoin With Google Play Credit & Gift Cards

You’re in luck my friend because we’ve done 90% of your work!

Before we dive deep, let’s first understand what are peer-to-peer exchanges are? How do they work, and why are they called decentralized marketplace?

However, if you already know the principles of the decentralized exchange feel free to scroll down to the list of 3 best peer-to-peer bitcoin exchange.

How Does P2P (Peer-To-Peer) Exchanges Work?

In simple terms, A P2P exchanges removes the intermediary who connects consumers to product or service providers.

This approach helps in reducing the commissions & transaction fees while trading. As compared to centralized exchange fees on most P2P exchanges are as low as 0.7%. This is why there is a huge liquidity on P2P marketplaces like Paxful & Bitvalve.

In-fact, Peer to Peer (P2P) is the oldest and best way to buy the cryptocurrency like BitcoinEthereum in your local area through online payments, gift cards & even cash. Indeed, you can use your PayPal to buy or sell any cryptocurrency on major P2P crypto exchange. 

Transactions are made when buyers/sellers post advertisements looking for trading partners, and someone accepts their advertisement & terms of the deal. The best part is these ads are posted to the platform for free.

Another prominent feature of P2P exchanges is security. Once an ad is accepted, the platform acts as an escrow account and locks the holdings so that the funds are inaccessible to either party.

After the buyer sends the payment, the digital assets are unlocked and released to the buyer, ensuring that the seller can’t receive the fiat payment and then not send the crypto.

Best P2P (Peer-To-Peer) Crypto Exchange To Trade Bitcoin:

As you are in a search of best peer-to-peer bitcoin exchanges let me list some of the exchanges that I have known best to my knowledge and are mostly trusted by the individuals whole around the world.

1. PAXFUL.COM


Paxful: Best Decentralized Marketplace For Crypto
Paxful: Best Decentralized Marketplace For Crypto

Trading Fees: 0.5-1%

KYC Is Not Mandatory: For Deposits & Withdrawal

Visit Paxful.com

Paxful is a legit platform that is headquartered in Wilmington, Delaware. It was launched in 2015 and since then has been providing the service throughout the world. 

Unlike other exchange, here the payments are settled instantly within a blink of eyes after you hit the button to buy/sell bitcoin.

Indeed, paxful has a rating system for users to rate their partner which helps in building the trust among the users. The thumb rule of trading on any P2P exchange is to deal with a trader who has done the maximum trades with the positive reviews. 

The best feature you'd like is the option to make payment. It has more than 300 payment options to buy and sell bitcoin that includes:

A. Bank Transfer (Wells Fargo, SEPA, Wire Transafer, Bank of America, American Express & All other local banks)

B. Gift Cards like OneVannila, Amazon, GameStop, BestBuy & Walmart.

C. Online Wallets like PayPal, Amazon Pay, Apple Pay, Google Pay, PayTM & PhonePe. You just name one and it will be there.

D. Cash (You can buy bitcoin via cash in your local area)

E. Debit/Credit Cards (Visa, Mastercard, Maestro, Discover & Amex)

F. Major Cryptocurrencies like Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Steller (XLM) and many more.

If you want to give it a try then check their app on the play store. They have an amazing GUI (Graphic user interface).

PS: Coinspectus readers will get extra $5 worth of Bitcoin when they verify their identity & make the first trade. Eg., If you would buy $20 worth of Bitcoin then your bitcoin wallet will be credited with extra $5 worth of BTC in the first week of next month.

2. REDEEEM.COM


Redeeem: Best Peer To Peer Crypto Exchange
Redeeem: Best Peer To Peer Crypto Exchange

Trading Fees: 0% For Gift Cards

KYC Is Not Mandatory: For Deposits & Withdrawal

Visit Redeeem.com

This is another breathtaking P2P marketplace which started in 2018 and since then has grown exponentially. 

The best part is their trading fee which is ZERO. Yes you read it right, they are not charging any fees on the trading of bitcoin via gift cards. And charge as low as $1 when the request to withdraw the funds is made.

Here you'll find most of the popular gift cards in exchange of your bitcoin and vice versa. Some of them includes:

A. Amazon & eBay Gift Cards

B. iTunes & Playstore Gift Cards

C. Nike Gift Cards

D. Starbucks Gift Cards

E. Steam & GameStop Gift Cards

If you are looking forward to buy or sell bitcoin with the gift cards then this is the best platform to get started as it offers 0% trading fees. 

3. BITVALVE.COM


Bitvalve: Next Generation Of P2P Exchange
Bitvalve: Next Generation Of P2P Exchange

Trading Fees: 0% For Limited Time

KYC Is Not Mandatory: For Deposits & Withdrawal

Visit Bitvalve.com

BitValve is the next generation of Peer-To-Peer crypto exchange which has its own ERC-20 utility token named as BTV token which reduces the trading fees further by 50% if paid in BTV kinda similar to Binance.

The team of BitValve consists of software engineers as well as blockchain developers from all around the world and the company is registered in the Cypriot jurisdiction.

Furthermore, They support over 200+ Payment methods worldwide, and users can choose any trading pair. For example, someone can buy bitcoin with PayPal or buy ethereum with PayPal instantly, securely and peer to peer!

Advantages Of Using Peer-To-Peer Exchange:


1. Negligible fees on trades as compared to centralized exchanges.
2. Multiple currency Support (Bitcoin, Ethereum, Bitcoin Cash, Litecoin and Ripple)
3. Crypto to Crypto Trading, within the platform.
4. Unique UX & UI designs makes it easy for the new users to get started.
5. Low security breaches when compared to centralized platforms.
6. Extreme secured wallet integration hence no need to create separate wallets.

Things To Care About While Trading On P2P Exchnage:
1. Always check the reviews of any trader before initiating the transaction.
2. Only deal with the trader who have good reputation. (You can check this via reviews)
3. Never ever trade out of the platform. Say you plan to trade on paxful and the trader offer you to trade on telegram or whatsapp in return of better price. Stay Alert and report such behavior to the official team so they can ban & kick him/her out.
4. Always start with the small amount and when you are confident about the trader then start big.
5. Don't be fancy, don't be cleaver, Don't be over-smart. Be an old fashion and follow the above rules honestly!
Thank You!
That would be all, I am sure you'll love these marketplace. And if you're already using any other p2p exchange please share it with us in the comments along with its benefits.
It would help others to make a right decision. Thank you!

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