CoinEx’s overall trading fees are low, and this extends to P2P – often it’s free for the taker and has a small percentage for the maker, Trump Tower if any. Supports hundreds of payment methods (broad accessibility); security deposits for merchants enhance safety; generally low or no fees for P2P transactions; CoinEx is available in many countries (where some larger exchanges face restrictions), giving it a niche user base. Moderate liquidity – CoinEx P2P volumes are smaller, so large trades might take longer or require multiple smaller trades. As of 2025, CoinEx is working to rebuild trust after a security incident (a hack in late 2023 on its exchange hot wallets), but its P2P platform was not directly affected, and the team’s response to reimburse users helped maintain credibility.
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Smaller platforms like WazirX or BingX often have active Telegram communities. The environment in 2025 is much more professional. Safer than the wild-west P2P markets of a few years ago. Overall, user protection on the leading P2P exchanges has improved significantly in recent years, especially as they attract more mainstream users. Liquidity is paramount for a trader. It’s worth testing a platform’s support or reading reviews to see how they handle P2P issues. Support that may respond faster to simple queries. Still, as an experienced trader, you should exercise caution and utilize all these protective features – verify counterparties, keep communication on-platform, use platform escrow only, and don’t hesitate to involve support if something seems off.
Cons: Not accessible in certain regions; interface can be a learning curve for some. Cons: Only a few cryptos (mainly BTC); risk of scams with unconventional payments; had a recent service interruption (now resolved). 30 fiat currencies and 300 payment methods; low fees; simple interface; tied to a growing exchange (social trading features as a bonus). 0% in many cases); decent global fiat support; part of a larger exchange ecosystem. Cons: Fewer payment method choices; liquidity is moderate; KYC is needed for large trades. Bybit P2P – Pros: Zero fees for buyers and sellers; high security (2FA, etc.); integrates with Bybit trading accounts. Cons: Limited payment method variety; still expanding user base, slightly lower liquidity than Binance.
PayPal, cash in person, and more. Emerging markets where paying for crypto is half the challenge. Paxful’s escrow system is reliable: when a trade is initiated, the crypto is held in escrow by Paxful and won’t be released to the buyer until the seller confirms receipt of payment (and Paxful’s dispute resolution can mediate issues). This flexibility in payment options has made Paxful a go-to platform in underbanked regions. You can buy Bitcoin with an Amazon gift card or sell USDT for a Steam voucher on Paxful, which most other P2P exchanges don’t cater to. For professional traders, Paxful can be useful in specific scenarios – for example, arbitraging price differences using unique payment methods or accessing markets where standard exchanges are unavailable.