Here are the factors to consider while choosing the best P2P crypto exchange:
Cryptocurrency Support:
Check the range of cryptocurrencies supported by the exchange. While major L1s, like Bitcoin and Ethereum, are mostly common, the best P2P crypto exchanges have a diversified portfolio of Altcoin offerings.
Fiat Currencies and Payment Methods:
Consider the options of fiat currencies and the mode of payment that the platform supports. For example, OKX, from our list of the best P2P crypto exchanges, supports 100+ fiat currencies, local and regional bank transfers, e-wallets, and more, which is very comprehensive.
Fee Structure:
The fee structure associated with P2P trading should also be considered. Several leading exchanges offer zero-fee transactions, benefiting buyers as well as sellers. However, a few charge fees to sellers. Thus, you must choose carefully based on your preferences.
Security Protocols:
Prioritize security with a focus on the platforms leveraging escrows. This safeguards the seller’s tokens until the buyer completes the payment. Sometimes, it is also time-bound, thus creating a secure trading environment.
Trading Volume:
Acknowledge the lower trading volume on exchanges having a direct nature. Choosing platforms with higher traffic is thus a wise choice, and it also ensures quicker transaction execution.
Source: https://coingape.com/cryptocurrency-exchanges/best-p2p-crypto-exchanges/