As for now, many people are already aware of digital currencies. But even though some people still don’t know about P2P cryptocurrency exchange platforms. If you are new to this, then definitely your mind will be popped with a question: what is a digital currency and what is a P2P cryptocurrency exchange. First, you need to know what is digital currency or cryptocurrency. It is a digital asset or a currency that helps you to trade or purchase other digital assets. The first developed digital currency using blockchain technology is bitcoin. It is a prominent crypto coin till now in the marketplace.
Now let’s see what is P2P cryptocurrency exchange. A Peer to peer crypto exchange is a decentralized crypto trading platform. where one can buy, sell, or exchange a wide variety of popular digital currencies and other digital assets. Here you can trade all the popular crypto coins. Such as bitcoin, ethereum, ripple, dash, EOS, and other reliable cryptos. In this P2P crypto exchange, there will be no middlemen or admin to monitor your crypto transactions. Also, this exchange is built with advanced security entities. So most of the crypto traders choose P2P for trading digital currencies.
It is also one of the best online businesses for young startups and entrepreneurs to kickstart. Already many startups and entrepreneurs started to build their own P2P crypto exchange platform by using the premium secured P2P bitcoin exchange software from Coinsclone. Now let’s see
What are the Top 10 best P2P Cryptocurrency Exchanges in 2020?
Binance is the most popular cryptocurrency trading platform across the world. It is the world’s largest crypto exchange platform based on volume trading. Binance was first started in 2017, China. But they later moved to Malta Binance stand for binary+finance. In recent years, this P2P crypto exchange has tremendous growth by serving almost all countries. At the initial stage, they started their business with centralized crypto exchange to expand their business.
(image source: binance P2P)
But Last year, binance launched a peer to peer crypto exchange platform that supports more than 140+ digital currencies. Here users can directly buy and sell cryptos without the intermediate. In binance P2P trader’s information is completely maintained in a secure way. They have enabled advanced security aspects in order to avoid cyber attacks and fraudulent activities.
Binance has its own digital currency in the market and named it ‘binance coin’. If the global traders use a binance coin for trading, then this exchange does not charge any trading fees. It’s an added advantage for crypto traders. They have more than millions of active crypto traders per month. Here you can buy cryptos through credit/debit cards, bank transfers, or other payment methods. Binance is not only a crypto exchange, but it also offers multiple services. Such as
- Spot exchange
- Decentralized exchange
- Feature exchange
- P2P exchange
- Binance Launchpad
- Staking platform and much more
Localbitcoins is one of the largest P2P cryptocurrency trading platforms. This P2P exchange provides a great set of security features for its global crypto traders. This decentralized crypto exchange was first founded in 2012 and headquartered in Helsinki. Localbitcoins exchange is completely supported in more than 240+ countries all over the world including India. It is a P2P crypto trading website. so that traders can directly buy and sell cryptocurrencies without any intermediate.
(image source: LocalBitcoins.com)
It is the first P2P crypto exchange platform with the option of ads based trading. So that traders can post the advertisements for selling their digital currencies with a fixed rate. Also, LocalBitcoins includes many payment options for buying and selling the cryptocurrency. It also offers escrow services for smooth and secure crypto transactions.
If you are a user in this exchange, then you can make exchanges in localities where there are no conventional banking facilities. This P2P exchange comes up with tightened security systems. such as two-factor authentication, IP address confirmation, and other features to eliminate hacking and cyber threats.
Paxful is considered as the most trusted peer to peer cryptocurrency trading platform. This paxful exchange was first launched in 2015. In this P2P crypto exchange, traders can buy, sell, and exchange popular digital currencies in a hassle-free manner. It was one of the growing exchange platforms from 2015. This exchange platform supports more than 300+ payment methods to buy popular cryptocurrencies with fiat currencies.
(image source: Paxful)
From this, we can understand that paxful crypto exchange allows their global trader to purchase cryptocurrencies at any payment method. Some of the payment methods are western union, debit/credit cards, PayPal, and more. Also, they are providing local payment methods like Paytm and phone pe in India. The paxful user interface is very intuitive compared to other P2P crypto trading platforms. This exchange has high-level security systems to avoid hacking and crypto scams.
Here traders can perform simple and faster trading. It has a user-friendly interface and secure payment transactions. Also, they offer a 100% secured escrow system in their P2P crypto trading platform.
Bitstamp is one of the world’s longest-standing cryptocurrency exchange platforms. It is a peer to peer crypto trading website. It was first launched in 2011. In 2013 this P2P exchange moved to the UK and later on moved to Luxembourg in 2016. In this P2P crypto exchange, users can buy, sell, and exchange any digital assets and crypto coins.
(Image source: Bitstamp)
Here users can trade all the popular cryptocurrencies that are available in the crypto marketplace. This exchange provides instant, secure, and simple transactions for their global crypto traders. Bitstamp supports some popular cryptocurrencies in their peer to peer trading platform. Such as bitcoin, bitcoin cash, ethereum, ripple, litecoin, and EOS.
Remitano is one of the finest popular P2P cryptocurrency exchange websites across the globe. Here users can trade a wide range of prominent digital currencies in a secure manner. Remitano exchange was first launched in 2015 and headquartered in Seychelles. In this P2P exchange, traders can purchase and sell bitcoins and other cryptos in different payment methods. Such as bank transfer, bank cash deposit, and mobile money. This exchange is covered with a high-level of security in order to avoid cyber attacks.
(image source: Remitano)
This exchange comes with the escrow service when the user wants to buy or sell any cryptocurrencies. This P2P crypto exchange is fast and secure for Bitcoin trading. Also, this exchange is supported in more than 30+ countries. such as India, Cambodia, Malaysia, Singapore, and other major countries.
Wazirx is recognized as the trusted P2P cryptocurrency exchange trading platform in India. Here traders can sell, buy, and exchange any digital currencies with high-security aspects. This exchange has a user-friendly interface. Here traders can transact a wide range of crypto coins by using peer to peer networks. wazirx also supports some prominent cryptos in its trading platform. Such as bitcoin, Ethereum, Litecoin, Ripple, and more. This exchange gives priority to the P2P exchange to eliminate the intermediate during the transaction.
(image source: wazirx)
It is the only crypto exchange in India that offers a live order book system on their P2P exchange platform. Later on, wazirx established a cryptocurrency in the marketplace. Also, they named the cryptocurrency as WRX. Wazirx crypto exchange safeguards the cryptos using the escrow services during the transaction. Only after the payment of the purchaser, wazirx releases the cryptocurrency. This is the process of p2p exchange in Wazirx.
Bitbns is the popular decentralized cryptocurrency exchange platform in India. This exchange was first started by the IIT graduates in 2017. This Indian crypto exchange is popular for the peer to peer network. So the traders can sell and buy cryptocurrencies directly through this P2P exchange.
(image source: bitbns)
In India, after the digital currencies are legalized many crypto traders joined in this P2P exchange platform. Only after completing KYC verification, the traders can use the Bitbns exchange platform. The team of experts in Bitbns focuses on ease of use and high security. Also, this exchange offers 24/7 customer support for the traders. This exchange has some exclusive features. Such as faster withdrawal, faster deposit, zero-fee for withdrawal, faster and instant deposit.
CoinDCX is one of the largest P2P cryptocurrency exchanges in India. It is a Mumbai based P2P exchange platform. This exchange was first founded by IIT-Bombay graduates Sumit Gupta and Neeraj Khandelwal in 2017. Here users can buy, sell, and trade a wide variety of reliable cryptos in a hassle-free manner. In this exchange, users can trade more than 200+ virtual coins with the highest liquidity.
(image source: CoinDCX)
Their main motto is to provide a secure P2P crypto exchange platform to the users worldwide. They have a user-friendly interface to grab a more crypto user base for their exchange platform. This exchange provides desirable trading services to its users. such as spot trading and futures trading. They have built the highly scalable trade machine engine which enables the traders to transfer one million cryptocurrencies per second. So many crypto users in India and other countries across the world created an account in this exchange.
Bitvalve is the newly launched P2P crypto trading platform in India. This exchange came into the crypto market to eliminate the drawbacks of existing P2P exchanges. This exchange offers low trading fees for traders. Also, this exchange supports multiple cryptocurrencies including bitcoin, bitcoin cash, monero, ethereum, and more.
(image source: bitvalve)
This crypto exchange supports both the crypto to crypto trading and crypto to fiat currency trading. Also, it has a mobile trading application for both the android and IOS devices. This exchange also released a token called BTV tokens. So if the user owned this token. Then the trading fees will be only 0.08%. Otherwise, it would be about 0.5% for trading.
Bisq exchange is open-source and peer to peer network. It allows traders to buy and sell crypto coins in a secure manner. Here, there is no need for registration or approval from the central authority. This exchange is completely a decentralized network. It is built by the tightened security aspects to protect the trader’s funds from attackers.
(image source: bisq exchange)
In this P2P exchange, all personal data is stored locally. also, it has a secured cryptocurrency wallet to store and receive digital currencies in a secure manner. So traders can transact their currencies in a fast secure way.
I hope these P2P exchanges will help traders to buy and sell crypto coins in a secure manner. But also, there are more P2P exchanges outside. So you can choose according to your wish. If you are looking to start a secured peer to peer crypto exchange like binance, LocalBitcoins, paxful, and remitano. Then you can buy premium secured P2P crypto exchange software from Coinsclone.
Coinsclone is the top-rated cryptocurrency exchange software provider across the globe. We have successfully delivered more than 60+ crypto exchange software to our international clients. If you use our bug-free P2P crypto exchange script. Then you can launch your own peer to peer trading platform within a few days at an affordable price.
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