They may also benefit from priority support services. Generally, you can initiate a dispute after a certain period if the other party isn’t cooperating. Conversely, merchants might offer slightly wider spreads, which is how they generate earnings. Support will then intervene, assess the evidence (such as transaction receipts and chat logs), and determine whether to release the escrow to the appropriate party. If a trade goes bad, like when you make a payment but the seller refuses to release the crypto, every major P2P exchange features a dispute resolution process. Ultimately, it’s a trade-off between cost and trust. For example, Paxful’s dispute team reviews evidence like payment screenshots or proof of fraud, while Binance P2P offers live chat support for mediation.

This combination supports rapid monetization of trading achievements. Previously, a trader at a prop firm might wait weeks for a wire transfer of profits; now, thanks to crypto prop firms and P2P off-ramps, they can access spendable cash on the same day. Conversely, if a prop trader needs to add funds (say to pay a challenge fee or margin top-up), they can use P2P to obtain the needed crypto (like USDC) and send it to the prop platform.

In terms of security, OKX P2P utilizes custodial escrow for crypto and has a verified merchant program (trusted sellers with deposits), which enhances trust in high-volume trades. Liquidity on OKX P2P is generally strong, particularly in Asian markets, although it lags slightly behind Binance in global reach. Accessibility can be limited in certain regions due to regulatory reasons (for example, like Binance, OKX is not available in the U.S.). OKX’s interface, while improved, may still feel somewhat complex for newcomers (less of an issue for pros). Additionally, the number of crypto assets available for P2P (a handful of major coins) is smaller compared to the hundreds of coins supported on its regular exchange, although the major coins are typically what pros require for fiat liquidity.

All major exchanges offer solid escrow; security varies mainly with a platform’s stability (larger exchanges have more resources). One of the biggest differentiators among P2P exchanges is the variety of payment methods and fiat currencies they support. Binance P2P and OKX P2P lead in supported fiat currencies and payment methods. This way, your risk remains minimal even if an exchange encounters an issue. Don’t store all your capital on one P2P platform’s wallet to diversify risk. Transfer funds as necessary and withdraw excess crypto to your own secure wallet after trades.

Its enduring presence has earned it a reputation as a stable. The platform is designed to be intuitive and easy to navigate, making it accessible to newcomers while still meeting the needs of experienced traders. In terms of fees, Bitstamp employs a transparent and competitive fee structure. Reliable platform for users globally. The fees are volume-based, becoming more advantageous for users with higher trading volumes, which is a significant consideration for international traders. Bitstamp offers a selection of the most popular cryptocurrencies, catering to traders looking for a more focused and streamlined trading experience.