Crypto Exchange

P2P Bitcoin Exchange is a less-known way to buy Bitcoin and other cryptocurrencies. You and the other party are cut off while trading through a centralised or decentralised exchange. On a peer-to-peer Bitcoin exchange, you can compare rates from many merchants. Bitcoin offers complete privacy, lower fees when purchasing or selling, and more payment methods. This article explains P2P Bitcoin exchanges, how they work, what features to look for, and then recommends the best ones.

P2P Crypto Exchange

A P2P Bitcoin exchange is exactly what it sounds like: a peer-to-peer Bitcoin exchange. While every crypto deal is between two people, you rarely get to choose who you trade with, must submit your dollars or digital assets to an exchange platform, and have restricted payment options. If you use a centralised exchange like Binance or Coinbase, you have to go through Know Your Customer processes.

Peer-to-peer exchanges don’t require identification verification, let you browse merchants and see fees for each payment option, and don’t ask you to give up your funds. A peer-to-peer exchange has no single point of failure like a centralised exchange because no funds are stored on it. Instead, it works as a platform to find someone seeking to buy or sell Bitcoin and begin a transaction with them.

P2P Bitcoin exchanges are anonymous and direct, one may imagine they are full of scammers and fraudulent transactions. However, as we will see, this is not the case. actions.

How does P2P exchange  work?

Peer-to-peer markets work similarly. Users can sign up with just an email address and password, without proving their identity. Individuals who want to sell or raise their Bitcoin holdings have posted buy and sell offers for Bitcoin and, depending on the exchange, other cryptocurrencies. Each option includes different minimum and maximum purchase/sale quantities, payment terms, and rates. Peruse the available offers until you discover something that matches your needs, then contact the seller to finalise the sale. As a merchant, include your items, payment methods, and transaction expenses.

On a P2P exchange, there are usually many ways to complete a transaction. Both the buyer and the seller must deposit Bitcoins or another kind of collateral into an escrow contract to complete an exchange on some platforms. Disputes will be settled using the escrow fund. In some markets, sellers must deposit Bitcoin into escrow until the buyer confirms payment.

How to Choose P2P Crypto Exchange

In 2022, here are some things to think about while picking a P2P cryptocurrency exchange:

Trading Fees

Consider the P2P cryptocurrency exchange’s trading fees as a primary consideration. Most P2P exchanges do not charge any transaction fees, while a small percentage (usually less than 0.5%) of the total volume traded is taken by some. P2P platforms can be convenient, but their trading costs shouldn’t exceed 1%.

●       Security

The safety of your coins is totally in your hands; the other party to the exchange is not responsible for any loss or damage. This means you should only use P2P cryptocurrency exchanges with extra layers of security, like escrow fees or two-factor authentication.

●       Volume

Best P2P crypto exchange has a lower daily trading volume than centralised exchanges. The greater the volume of trades, the more active the exchange. What this shows is that it’s a legit source.

●       Payment Methods

Make sure the marketplace you choose accepts a variety of payment options. Since you’ll be interacting with the buyer or seller directly, you should both be free to choose the method of payment that is most convenient for you.

Keep in mind that there are many different ways to make a purchase, such as through traditional banking services, cryptocurrencies, PayPal, gift cards, loyalty points, and even physical goods and services.

5 Best P2P Crypto Exchange 2022

1- Paxful

When it comes to simplifying cryptocurrency trades, Paxful is among the top peer-to-peer (P2P) platforms. Additionally, the biometric data verification procedure on Paxful makes trading on the site safer than on any other P2P crypto exchange.

This platform’s transaction charge is variable (between 0% and 0.5%), but purchasing cryptocurrency is always free. Paxful P2P only supports a handful of coins, but those coins are some of the most widely used in the market.

The peer-to-peer cryptocurrency trading platform also supports over 250 different payment options, such as credit cards, debit cards, wire transfers, PayPal, and more. The process of signing up is also easy, but you’ll need to show some kind of identification to finish.

2- Bisq

Bisq P2P is another peer-to-peer (P2P) cryptocurrency exchange that operates independently from any central server or third-party provider. Instead, a wide variety of cryptocurrencies, including Bitcoin (BTC), BSQ (BSQ), Monero (XMR), Ethereum (ETH), and more, can be used on the platform.

Furthermore, there is a 0.1% transaction fee for the seller and a 0.7% transaction fee for the buyer. In other words, the transaction cost paid by traders is 0.001 BTC, while the mining charge is an additional 0.003 BTC. More than 20 different payment options are available on Bisq P2P.

3- WazirX

Another trustworthy decentralised exchange, WazirX, was bought by Binance in 2019. It is located in India. There is a fair 0.2% Taker Fee and a 0.2% Maker Fee on the site. Furthermore, it works with a wide variety of digital currencies.

Only the USDT stablecoin can be bought and sold here. To make up for this, WazirX supports eight different fiat currencies. These currencies include the Indian Rupee, the Turkish Lira, and more. Plus, the available payment options are restricted; businesspeople may only make cash transactions.

4- Localbitcoins

LocalBitcoins P2P streamlines the Bitcoin exchange process by connecting buyers and sellers in their immediate geographical area. Those interested in conducting business in person can do so with less difficulty. Although it only works with Bitcoin, this restriction actually helps the platform concentrate on making Bitcoin transactions as easy as possible.

The platform uses a very basic approach to a transaction fee, taking 1% from both the buyer and the vendor, regardless of the chosen mode of payment. However, if you’re sending funds to another user’s LocalBitcoins wallet, the transaction will be free of charge for both parties.

More than 60 different payment options, including bank transfer, credit/debit card, in-person cash payments, and many others, are available on LocalBitcoins P2P.

5- KuCoin

Last but not least, KuCoin is well-known for being a sophisticated platform that primarily serves industry professionals and influential members of the community. Some of the top cryptocurrencies supported by DOGE are Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance Coin (BNB), Cardano (ADA), XRP (XRP), USD Coin (USDC), and even Dogecoin (DOGE).

A flat 0.1% fee is added to all purchases made with credit, debit, Apple Pay, or Google Pay.

Introduction to XRP

Ripple uses blockchain to execute international money transactions. A decentralised protocol designed for fast, cheap transactions. Many crypto experts think that Ripple will change the way transactions are made around the world because of how it works.

The Ripple blockchain is special because it targets the financial services industry. Ripple’s native coin, XRP, may move transactions from central databases to an open infrastructure.

It’s able to do this all while keeping costs down. Beyond being cheap, XRP transactions are also trustless. This means that no third party is required to carry out any particular transaction. These features make XRP an attractive choice for cross-border movements.

XRP Price Prediction 2022

Based on technical analysis of future XRP pricing, the lowest price for XRP is projected to be $0.41 in 2022. The highest XRP price prediction that may reach $0.46 is The market consensus forecasts a price of $0.43 per share.

XRP price prediction for September 2022

Experts in the cryptocurrency industry predict an average XRP price of $0.39 in September 2022, based on the price swings of XRP at the beginning of 2022.

A price of $0.36 is the absolute low end, while $0.40 is the high end.

October 2022: XRP Price Prediction

In October of 2022, cryptocurrency gurus will reveal their predictions for the XRP price.

During this month, the spread between the minimum and maximum trading costs might be as low as $0.39 and as high as $0.42.

The typical estimate for XRP’s worth puts it at about $0.40.

XRP Price for November 2022

Experts in the cryptocurrency market have looked at XRP’s past volatility and made a tentative prediction that the average XRP rate will be around $0.41 in November 2022.

A decrease of $0.39 is possible. It’s possible that the highest possible price is $0.44.

December 2022: The Future Value of XRP

In the middle of 2022, the average XRP price will be $0.43. The possibility of an XRP price hike to $0.46 in December 2022 is also a possibility. There is an expected floor of $0.41 in the price by the end of 2022.

By Anurag Rathod

Anurag Rathod is an Editor of Appclonescript.com, who is passionate for app-based startup solutions and on-demand business ideas. He believes in spreading tech trends. He is an avid reader and loves thinking out of the box to promote new technologies.