Best of
Best P2P Bitcoin Exchanges of November 2025
Updated: Oct 21, 2025
Peer-to-peer (P2P) Bitcoin exchanges connect buyers and sellers directly, cutting out the middleman. This approach offers unique advantages: more payment method options (including cash and gift cards), often lower KYC requirements, and the ability to trade in regions where traditional exchanges aren't available.
P2P trading gives you more control and flexibility, but it also requires more caution. You're trading with individuals, not institutions, so choosing the right platform with proper escrow protection and dispute resolution is crucial. We've tested the top P2P exchanges to find the ones that offer the best combination of flexibility, security, and user experience.
Best P2P Bitcoin Exchanges
Key Details
- Trading Fee:
- ~1.3%
- KYC Required:
- No KYC
- Min. Deposit:
- Varies by offer
- Sign-up Bonus:
- None
Pros & Cons
✓ Top Pros:
- • No KYC
- • Strong privacy
✗ Consider:
- • Higher taker fees
- • Low liquidity
Key Details
- Trading Fee:
- 0.20%
- KYC Required:
- No KYC
- Min. Deposit:
- ~$10 (Lightning)
- Sign-up Bonus:
- None
Pros & Cons
✓ Top Pros:
- • Maximum privacy - no registration needed
- • Lightning Network for fast trades
✗ Consider:
- • Requires Lightning Network knowledge
- • Lower liquidity
Key Details
- Trading Fee:
- ~1.5%
- KYC Required:
- No KYC
- Min. Deposit:
- $10 equivalent
- Sign-up Bonus:
- Referral sats
Pros & Cons
✓ Top Pros:
- • Privacy-first
- • Non-custodial
✗ Consider:
- • Low liquidity
- • Limited fiat options
Best P2P Bitcoin Exchanges
Our top picks based on fees, security, and user experience
Detailed Comparison
Side-by-side comparison of fees, pricing, and requirements
| Exchange | Trading Fee | Regions | KYC | Sign-up Bonus | Review |
|---|---|---|---|---|---|
| Bisq | ~1.3% | Global | No KYC | None | |
| Robosats | 0.20% | Global | No KYC | None | |
| Peach Bitcoin | ~1.5% | Global (focus on EU) | No KYC | Referral sats | |
| Paxful | 1% | Global | Optional KYC | Referral rewards | |
 Hodl Hodl | 0.50% - 0.60% | Global | No KYC | None |
Note: Prices and fees are subject to change. Trading fees may vary based on volume. Spread represents the difference between buy and sell prices. Always verify current rates on the exchange platform before trading.
How We Chose These Exchanges
Our P2P exchange evaluation focused on three key areas: security (escrow systems and dispute resolution), payment method variety, and user experience. We created accounts on each platform, completed real trades, and tested their escrow and dispute resolution systems.
We evaluated how each platform protects buyers and sellers, the range of payment methods available, fee structures, and the quality of the user base. We also considered whether platforms are custodial or non-custodial, as this significantly impacts your security and privacy. The exchanges below offer the safest and most flexible P2P Bitcoin trading experiences.
Frequently Asked Questions
Our ratings are based on a comprehensive evaluation of fees, security, ease of use, customer support, and additional features. We test each exchange ourselves, making real purchases and evaluating the entire user experience from sign-up to withdrawal.
All exchanges listed here have strong security track records and implement industry-standard security measures. However, no exchange is 100% risk-free. We recommend using two-factor authentication, withdrawing to your own wallet for long-term storage, and never investing more than you can afford to lose.
We review and update our rankings monthly to reflect changes in fees, features, and user experience. We also update immediately if there are significant security incidents or major platform changes that affect our recommendations.
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