Ray Odi Ray is an astute crypto writer that loves penning content on cryptos, DeFi and other blockchain-based platforms.

A Review of The Best P2P Crypto Exchanges

1 min read

two laptops sending ethereum and bitcoin to each other p2p with a cloud in the middle as a p2p server.

An important aspect of cryptocurrencies is the existence of cryptocurrency exchanges that allow people to transfer their crypto like Bitcoin and exchange it for other cryptocurrencies or money. A popular type of Bitcoin exchange, where users can buy Bitcoin is P2P cryptocurrency exchanges. This type of exchange allows users to easily sell bitcoin or buy bitcoin and other cryptocurrencies without the need for an intermediary. Many P2P exchanges tend to offer escrow services that possess a high level of security to buyers and sellers in the crypto assets’ trades. Some of the best P2P crypto exchanges will be discussed below.

Also read: Is P2P Crypto Trading Legal? A list of Each Region and Its Regulations.

P2P Bitcoin Exchanges 1: LocalCoinSwap

In the league of Bitcoin exchanges, LocalCoinSwap is a peer exchange platform based in Hong Kong. It allows users to buy or sell crypto without the need for KYC verification.

LocalCoinSwap permits users to buy or sell cryptocurrencies with their credit card, PayPal, and other payment methods.

P2P Crypto Trading Platform 2: Paxful

It is a P2P Bitcoin exchange that links sellers that want to sell their BTC to buyers that want to buy Bitcoin. This crypto exchange makes it easy for the trading of BTC without using an intermediary.

Paxful offers a wide array of payment methods including gift cards. It requires KYC verification if the transaction reaches US$1,500 in trade volume or wallet activity.

Decentralized Crypto Exchange 3: Hodl Hodl

Like other P2P Bitcoin exchanges discussed above, Hodl Hodl removes the need for a middleman, by allowing sellers to sell their Bitcoin directly to buyers.

During every trade, it doesn’t hold the money involved in the transaction, instead, the funds are locked in multisig contracts.

Every trade occurs between the sellers and buyers. As a decentralized exchange, users do not have to comply to any KYC/AML rules.

Peer Cryptocurrency Exchange 4: WhalesHeaven

WhalesHeaven is a peer exchange platform that allows users to easily enjoy the best peer and decentralized exchange service in existence. It is a non-custodial trading platform that is completely anonymous and charges low fees. WhalesHeaven is great for those that want to buy or sell Bitcoin, Ethereum or another crypto without paying exorbitant fees. Users trade directly with each other and sellers can have access to different payment methods. Sellers can easily create an auction for their cryptocurrency within WhalesHeaven, and access offers from buyers scattered all over the globe. Once an offer to trade is made by a buyer, the seller is instantly alerted of the trading opportunity via email or telephone.

As a global P2P exchange, it accepts trading through multiple Wallets including Guarda and MetaMask. Its security strategy is highly detailed, and it uses multisig escrow, meaning that the users control the key to the funds in multisig escrow. Fees are incredibly low.

Everything about WhalesHeaven is tailored to be seamless, from the signing up process down to the trading operation. Users do not have to possess a high level of crypto trading skills before they can easily enjoy the incredible functionalities available on WhalesHeaven.

Ray Odi Ray is an astute crypto writer that loves penning content on cryptos, DeFi and other blockchain-based platforms.