Since 2015, Paxful has established itself as one of the most well-known peer-to-peer (P2P) cryptocurrency exchange platforms.
It gives users access to more than 300 payment methods, allowing them to buy and sell Bitcoin and other cryptocurrencies. Paxful may only be able to satisfy the requirements of a subset of Bitcoin traders at any one time.
This is where other platforms, such as Paxful, can fill the void. This article will discuss nine different peer-to-peer (P2P) exchange platforms similar to Paxful and can be used as a replacement for or in addition to Paxful.
9 Best Paxful Alternatives
We will investigate each forum to assist you in locating the one that is most suitable for meeting the requirements of your Bitcoin trading endeavours.
LocalCoinSwap (KYC Free, Full Control at Your Fund, No A/C Freeze Problem)
This website boasts of being the world’s first community-owned peer-to-peer exchange, implying that users can trade directly without needing a central authority or mediator.
LocalCoinSwap currently supports more than 20 different cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, and it provides trading pairs for all of them.
The website also supports fiat currencies like United States Dollars, Euros, Australian Dollars, and Great British Pounds, all of which can be used to buy or sell cryptocurrencies. Also including cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Dash.
The profit-sharing mechanism is one of the distinguishing characteristics of LocalCoinSwap. Community members with LCS tokens are eligible for a proportional share of the income earned by the platform.
In addition, holders of LCS tokens have voting rights when it comes to critical community issues, such as which new coins will be listed on the exchange and which other decisions will impact the community.
LocalCoinSwap is an appealing alternative for users interested in achieving higher autonomy in their cryptocurrency trading endeavours due to the platform’s centralization-busting emphasis on decentralization and community ownership.
- KYC is Optional, Without KYC Trading Limit $700/Day
- Traded with Bitcoin (BTC), Tether(USDT) and USD Coin(USDC)
- Segwit Wallet Support, But One One Wallet Address, New Address is not Available
- Messenger Support for Collaboration.
- Support more than 100+ options for Trade.
- Escrow, 2FA Supported.
Noones is a platform for peer-to-peer Bitcoin trading that focuses on providing users with quick, secure, and dependable transactions.
Users can purchase and sell bitcoins with anyone, anywhere, globally, without any boundaries or restrictions imposed by the platform.
It will take up to a few minutes to open a Noone’s account, verify your identity, and start trading after the platform has done all the legwork for you.
But If the user has level 1 access boundaries then only can trade 700$/Per Month, For Limit increment, the User needs to submit KYC verification.
One of the most critical aspects of Noones is the intuitive nature of its user interface, which makes it possible for even inexperienced users to trade bitcoins without much difficulty.
In addition, clients have access to customer service that is open twenty-four hours a day, seven days a week, to receive assistance with any issues that may develop while doing transactions.
Also, Noone uses multi-signature verification with a two-factor authentication system to guarantee the safety of all financial transactions.
Noones is a fantastic choice for Paxful users seeking a dependable Bitcoin trading platform that charges cheap fees and processes transactions quickly. Because of its excellent user interface as well as its high level of safety, it is a favourite option among traders all over the world.
- No KYC
- No Fee, but an advertisement charged 1% every complete trade
- Can Trade with BTC and XMR
- Tor V3 Address Support
- Log Tracked (IP Address, Browser Type)
AgoraDesk is yet another excellent alternative to Paxful that you could consider. It is a decentralized platform for peer-to-peer trading that allows users to exchange Bitcoin and other cryptocurrencies without restrictions.
KYC and AML verification is optional to use the site; users who place high importance on their privacy will find it an excellent option.
Furthermore, the platform provides competitive fees significantly cheaper than typically centralized exchanges.
AgoraDesk’s intuitive graphical user interface makes it simple for first-timers to navigate the platform.
Additionally, the platform allows users to utilize an escrow service, which protects both parties involved in a transaction. In addition, users can talk with one another through the used chat rooms, which adds an extra layer of safety.
AgoraDesk is a good solution for anyone looking for a more private and secure way to trade cryptocurrencies.
This is because AgoraDesk does not save customers’ personal information.
As an alternative to Paxful, it is absolutely something to consider because of the minimal fees it charges, its user-friendly design, and the fact that it is decentralized.
- Global P2P trades without KYC/AML
- Anonymously Buy Sell Bitcoin Globally
- Non-Custodial Wallet.
- Low fee 0.6%, split equally between the Buyer and Seller (max 0.3% per trade)
- Support Segwit
HodlHodl is a peer-to-peer Bitcoin trading platform that has recently gained popularity as one of the better alternatives to Paxful. Paxful is the platform that it most closely competes with.
Utilizing a multi-signature escrow system is one of the distinctive characteristics of HodlHodl.
This system offers an increased level of protection for both purchasers and vendors throughout a transaction.
This mechanism guarantees that the parties can only access the cash when they mutually agree to free them.
Because HodlHodl is decentralized, no KYC/AML restrictions are placed on its users. This is just one of the platform’s many benefits.
In addition, fees on the platform are more reasonable than those charged by comparable P2P markets.
HodlHodl is a reliable and safe alternative to Paxful for users interested in buying or selling Bitcoin without relying on conventional banking systems or risking publicizing their personal information.
Because it offers characteristics not found anywhere else, it should not be surprising that many users embrace HodlHodl as their preferred peer-to-peer exchange.
This is because HodlHodl is a unique platform.
The Binance P2P platform is a peer-to-peer trading platform that enables users to purchase and sell cryptocurrencies directly.
It gives users access to many digital assets, including Bitcoin, Ethereum, Litecoin, and Ripple.
The low costs and streamlined experience that Binance P2P provides for its users have contributed to the platform’s popularity.
Binance P2P makes it possible for users to engage in direct trades with one another without the involvement of any third parties, in contrast to typical exchanges in which the platform acts as a broker between buyers and sellers.
Because of this, users have increased control over their transactions, and there is no longer a requirement for KYC procedures to be carried out by a third party.
In addition, the monies that are exchanged between users on Binance P2P are held in an escrow mechanism for added security.
Using Binance P2P has several advantages, one of which is its extensive user base, which means that someone always wants to buy or sell at any given time.
Since it’s integrated into the larger Binance ecosystem, which includes products like spot trading, futures trading, margin trading, and more, users can quickly transfer their funds between services within the same platform without incurring additional fees or experiencing delays in processing times.
This enables users to trade cryptocurrencies.
CEX.io is a digital currency trading platform established in 2013 and headquartered in the United Kingdom.
The website allows users to purchase, sell, and trade various cryptocurrencies, including Bitcoin, Ethereum, and Ripple.
Also, traders with more experience and a higher tolerance for risk can participate in margin trading through CEX.io.
The UI of this cryptocurrency exchange has already been designed in such a way that even visitors who have never visited the site before will not have any difficulty browsing it.
This aspect of the digital asset exchange is a crucial part of the exchange and a very noticeable feature.
This makes the user interface one of the most essential features of CEX.io.
In addition, customers can manage their accounts from any location by downloading the platform’s mobile app, which is compatible with Apple iOS and Google’s Android operating systems.
CEX.io has stringent security features, such as two-factor authentication (2FA), SSL encryption technology, and cold storage for cash, another of the platform’s many advantages.
By taking these precautions, users may be assured that any potential hacking or fraudulent activity attempts will not compromise the safety of their personal information or assets.
Overall, CEX.io is a dependable option to Paxful for individuals searching for a user-friendly cryptocurrency exchange with powerful security mechanisms in place.
ByBit is a cryptocurrency exchange that gives traders a wide range of alternatives for trading different cryptocurrencies.
It offers margin trading with a maximum leverage of 100x perpetual contracts and spot markets for significant cryptocurrencies such as Bitcoin and Ethereum.
Bybit is well-known for its lightning-fast matching engine, which can handle up to 100,000 transactions every second.
Bybit is a platform that can be a viable alternative to Paxful for those interested.
Bybit simplifies the process for traders of adequately managing their portfolios by providing a user-friendly interface in addition to several complex capabilities.
Some of these features include stop-loss orders and take-profit orders. In addition, the platform possesses stringent safety precautions, such as two-factor authentication (2FA) and the cold storage of cash.
Bybit also provides a high level of liquidity, meaning that customers can buy or sell cryptocurrencies rapidly without experiencing substantial price slippage.
In addition, the platform’s customer support team is available via live chat or email to users around the clock to assist them with any problems they may be having.
Bybit is a reliable alternative to Paxful since it offers traders innovative trading tools and top-notch safety and security features.
2018 marked the beginning of WazirX’s operations as a successful cryptocurrency exchange in India.
Users can purchase, sell, and exchange cryptocurrencies like Bitcoin, Ethereum, and Ripple through this platform.
WazirX is well-known for having an intuitive user interface, which makes it simple even for inexperienced users to find their way around the venue. In addition, they have relatively cheap trading fees, coming in at only 0.2%, making it a desirable choice for investors interested in cutting their expenses.
The P2P (peer-to-peer) trading platform that WazirX offers is referred to as “WazirX Peer,” It is one of the company’s most distinguishing characteristics.
Users can bypass the requirement for a third party by taking advantage of this feature, which enables them to directly transact with one another about purchasing and selling cryptocurrencies.
Because buyers and sellers can connect directly, this reduces the money spent on transaction fees and a speedier completion of business deals.
WazirX is a reputable and safe cryptocurrency exchange that provides numerous features that are appropriate for traders of all skill levels, ranging from inexperienced traders all the way up to seasoned pros.
It is an alternative to Paxful or any other cryptocurrency exchange because its fees are very reasonable, and its user interface is straightforward.
FAQ (Frequently Asked Questions)
Why should I consider using a Paxful alternative?
Using a Paxful alternative can be helpful if you discover that Paxful does not satisfy your requirements for the cryptocurrency trading platform you use or if you are searching for a venue with a particular function or feature.
Each alternative platform provides its users with a unique set of perks and features, some of which may be suited to their trading preferences.
Are Paxful alternatives safe to use?
When using alternatives to Paxful, it is essential to proceed with extreme caution. This is the case with any cryptocurrency trading platform.
On the other hand, most of the media discussed in this article have a strong reputation in the market and apply stringent security measures to secure the data and assets of their users.
Can I use multiple cryptocurrency exchange platforms at the same time?
You can use various exchange platforms simultaneously; that is true. You can access a wider variety of cryptocurrencies, payment alternatives, additional exchange rates, and fees by using a variety of different types of media.
Which Paxful alternative is the best for me?
Your individual requirements and tastes will determine which Paxful option is the most suitable replacement for you. While selecting a platform, it is essential to consider the level of security, the available payment methods, the costs, and the supported cryptocurrencies.
It could be beneficial to experiment with a few options before choosing the one that works best for you.
If you are the type of guy that matter about privacy, Now you should use any Non-KYC related exchanges (LocalCoinSwap, HodlHodl and Agora Desk) but These exchanges don’t have too much volatility. In this condition, you need to compromise with the buyer and seller price.
In conclusion, although Paxful is a widely used platform for peer-to-peer cryptocurrency trading, several alternatives should be considered. But Noones is an exact replica of Paxful and Paxful also Recommends this platform to his users for trading.
Because Paxful announced, they are suspending his service.
Each of these platforms comes with unique features and advantages that, depending on the users’ requirements, may appeal to a particular demographic of customers.