- People should always know that the P2P approach has gained immense popularity as it also enables users to trade, buy, and sell cryptocurrencies.
- Some transactions take place directly between two traders, which are also facilitate by the software. All the P2P exchanges have gained recognition, especially in countries with strict exchange restrictions.
Know The Best 10 Local Bitcoin Alternatives For The Next P2P Trade
Now, the entire functioning of a P2P network can always be likened to a matchmaking system that always connects buyers and sellers for some particular traders. Below are the 10 best local Bitcoin alternatives for the next P2P trade.
- Binance
One of the largest cryptocurrency exchanges globally, Binance, features a dedicated P2P section that always allows users to engage in buying and selling different cryptocurrencies. All these cryptocurrencies are similar to LocalBitcoins and all the assets are listed from the lowest to the highest prices, along with users who can directly interact with sellers.
- Kraken
Founded in 2011, Kraken is also a leading cryptocurrency exchange known for its large trading volume and proven reliability. More than 60 tokens are available for trading on the platform, and additional features such as staking and token lending allow users to earn additional income.
- OKX
Now, this is the third local Bitcoin alternative that offers P2P services by enabling users to engage in the buying and selling of Bitcoin, Ethereum, Tether, USD Coin, and some other digital assets using their local currencies. This is similar to other platforms and OKZ provides users with a diverse range of payment methods.
- Bybit
Bybit’s P2P trading platform always allows users to exchange their various cryptocurrencies for fiat currencies, including US dollars, without paying any fees. Through the Bybit P2P platform, users can also make trading ads and trade with other traders quickly and safely.
- Bisq
This is another decentralized P2P crypto trading app operated by the Bisq DAO (Decentralized Autonomous Organization). Similar to some LocalBitcoins, Bisq is something that enables direct trading of cryptocurrencies with other individuals but it also places a very strong emphasis on privacy.
- Huobi
There is a straightforward process to get start with P2P trading on Huobi. The process includes,
- Account Setup and KYC Verification
- Conversion of Fiat to Crypto and Vice Versa
- Huobi as an Intermediary
- Multi Blockchain Support
- Gate.io
This is the platform that provides a seamless P2P trading experience, especially for users who have already completed the KYC verification process. All traders and investors always need to navigate if they want to buy crypto at the top of the page.
- Paxful
This is a renowned global P2P exchange that always specializes in connecting buyers and sellers of cryptocurrencies. This is the platform that offers extensive filters to help buyers find their preferred sellers based on various criteria.
- LocalCoinSwap
A P2P exchange, LocalCoinSwap, supports over 300 local payment methods, making it a very versatile platform for all buyers and sellers. This is also the platform that facilitates the trading of popular cryptocurrencies like Bitcoin, Tether, DAI, and USDC Coin.
- BitValve
Last but not least, BitValve is an emerging P2P exchange that always offers a
range of features to facilitate secure and convenient cryptocurrency trading.
Some key highlights are mention below,
- Diverse Payment Options
- Extensive Cryptocurrency Support
- Competitive P2P Trading Fee
- Multi-Platform Accessibility
Conclusion
So, if someone is currently looking for an alternative to LocalBitcoins for their next P2P trade, then the above-listed platforms may work for them. All these alternatives offer a variety of features along with different payment methods.
Also, by exploring these options, people will always find a P2P exchange that aligns with their trading preferences and different requirements.
