Best P2P Crypto Exchanges

Toobit combines a P2P market with spot trading, copy trading and USDT-M or USDC-M perpetuals offering up to 500x leverage. It publishes monthly proof-of-reserves data and holds a Polish VASP registration. Platform payment integrations let users purchase assets across more than 50 fiat currencies via card and Apple Pay. Full KYC is required, US customers lost service in July 2024, and centralized custody remains a platform insolvency risk.

OKX earns a place through P2P markets, more than 270 coins on its European platform, derivatives, options, bots and Onchain Earn. OKX Europe Limited operates under a MiCA licence from Malta, and the exchange published its 45th consecutive proof of reserves in July 2026 at a 1:1 ratio. Accounts are custodial, identity verification is required, and product access varies by jurisdiction.

CoinZoom combines a P2P market with ZoomMe, which sends USD, stablecoins and cryptocurrencies to CoinZoom users globally with zero transfer fees. Its Visa debit card has no annual fee and offers up to 5% crypto back, while spot trading covers more than 40 assets. The trade-off is a narrower market range, mandatory KYC and a 1.49% crypto liquidation fee on card purchases.

Binance brings P2P trading together with spot, futures, options, margin and earn products, while its default spot maker and taker fees are 0.1%. It supports 507 listed coins and networks including Bitcoin, Ethereum, Solana and BSC. The exchange suspended European Union services from July 2026, excludes the United States and Canada, and has a record that includes a 2019 breach and a $4.3 billion U.S. regulatory fine in November 2023.

Bitfinex appears for its P2P market attribute alongside margin financing, derivatives, lending, OTC trading and API access. Its recorded spot, margin and derivatives trading fees are 0, and the exchange lists 62 coins. Centralized custody is the main trade-off. Bitfinex also has a history of major security and regulatory events, including the theft of 119,756 BTC in August 2016 and a $75,000 CFTC fine in June 2016.

MEXC pairs P2P trading with more than 1,400 listed coins, 1,800 trading pairs, spot tools and perpetual futures offering up to 500x leverage. Standard spot fees are 0% for makers and 0.05% for takers, and the exchange has a $100 million Guardian Fund. Access is unavailable in the United States, Canada and Singapore. Centralized custody, variable regional terms and liquidation risk remain important trade-offs.

BingX combines a P2P market with 599 coins, perpetual futures, copy trading and traditional-market products covering stocks, indices and forex. It publishes Merkle Tree proof-of-reserves reports for selected assets and has AUSTRAC, Mauritius and European licensing or registration across parts of its group. The exchange remains custodial, and the September 2024 hot-wallet breach involved approximately $44.7 million.

Bybit places P2P trading beside 390 coins, 522 trading pairs, spot markets, options, copy trading and perpetual futures. Base USDT perpetual fees start at 0.02% for makers and 0.055% for takers, while Bybit holds a UAE virtual asset platform licence and Austrian MiCA authorization. Its main trade-off is custody exposure after the February 2025 hack, which involved approximately $1.5 billion.