Best Crypto Exchange to Buy/Sell/Exchange Cryptocurrency and Fiat: #1 MaxSwap, #2 Coinbase, #3 Bybit, #4 OKX, #5 KuCoin.

With the growing popularity of decentralized and flexible trading options, peer-to-peer (P2P) crypto exchanges are becoming more and more popular among beginners and experienced traders alike. 

The most important aspect for any trader is security and reliability. Choose the platforms that offer you anonymity, privacy, ease of use, a wide range of fiat currencies and comfortable commissions so that you can make transactions in minutes without worrying about the safety of your funds.

In our article, we will take a detailed look at the best P2P platforms, crypto exchanges that meet all the above criteria and are suitable for both beginners and experienced traders. We recommend that you consider the cryptocurrency platforms described below, which you can start working with today.

Rating of the best P2P exchanges in 2024

1. MaxSwap

Analyzing the market and comparing MaxSwap with other platforms, today we put it at the top of our list. At the moment it is the best service for beginners and now I will explain why.

The main criterion for me was convenience and the possibility to use MaxSwap not only on the website but also in the Telegram bot. To get started and access the functionality of the service, it takes only 1-2 minutes to register. After that you can perform transactions (deposits/withdrawals of popular cryptocurrencies from BTC and ETH to XRP and TRX, including USDT and USDC stablecoins), check your wallet balance, as well as manage deposit contracts and track/add new ones. Recently, the ability to buy cryptocurrency for fiat appeared in the Telegram bot, and now here you can see the full functionality of the site, but in a more convenient format. 

Low commissions (0.3%) and currency exchange at the best rates based on quotes from the world's leading exchanges. The choice of currencies is small, but all the most popular cryptocurrencies that you can buy with fiat are represented. When working with MaxSwap, you can deposit and withdraw funds instantly to your bank card, which is also a big plus and allows you to make transactions quickly and in a convenient format.

If you work only with cryptocurrencies, you have the option to skip the mandatory KYC stage. A big plus is that you can change stablecoins (for example, from erc-20 to trc-20) and do it instantly in Telegram, in 5-7 minutes. 

With MaxSwap you can not only exchange, but also arbitrage cryptocurrencies on their MaxProfit service. You have access to arbitrage tools - Scanner and Screener, as well as MaxProfit Wallets to analyze the wallets of top traders and market insiders. Great opportunity for any of you - beginner or experienced crypto user, to learn new strategies and track transactions to repeat them on your own portfolio.

In general, I think you understand why we highlighted MaxSwap and put it in the first place. The platform is relatively new, but it already achieves great results and offers its users the most profitable and convenient opportunities. Your task is to test it yourself to make sure.

2. Coinbase

If you're familiar with cryptocurrencies, you've probably heard of Coinbase. This exchange is one of the largest and most well-known in the United States, and the crypto platform does a great job of lowering the barrier of entry for new investors by offering a simple registration process that makes it easy for users to trade.

Navigating the platform and managing cryptocurrencies is easy thanks to Coinbase's simple interface. The exchange also offers an extensive and accessible set of tutorials. Users are encouraged to use these resources as part of the Coinbase Earn program, which teaches how to trade specific assets and rewards users with cryptocurrency.

The exchange's security features are also worth mentioning. It offers four types of two-factor authentication, allows customers to store their funds in a vault with deferred withdrawal, and has an insurance policy to protect deposit accounts up to $250,000. All of this suggests that Coinbase is worth a try for beginners, despite the higher fees.

3. Bybit

Bybit is a cryptocurrency exchange that allows users to trade more than 200 digital currencies, including Bitcoin, Ethereum, Cardano (ADA) and other popular and lesser-known coins. 

The platform has a simple and intuitive interface that is convenient for both beginners and professional traders. Security on the exchange is ensured by the use of two-factor authentication and the storage of clients' funds in cold wallets, which provides a high level of protection from hacker attacks. 

Due to its advantages, the Bybit exchange is chosen by traders who are looking for a highly efficient platform for trading cryptocurrencies.

4. OKX 

Anyone who is familiar with trading is also familiar with the OKX exchange. It was launched in 2013 and has since become one of the largest platforms for financial transactions with cryptocurrencies. The platform stands out from other similar exchanges with many advantages. For example, it supports all types of digital currencies in demand today.

The platform also offers the most favorable conditions for transactions. The level of the trader is not so important. Whether you are a beginner or a professional, everyone will find out how to trade digital currency.

In addition to spot trading, there is also P2P online cryptocurrency trading. The project has its own ecosystem called OKX Chain. Any user can refer a new trader to the platform and receive $15 from the exchange for him. There are two levels of voluntary verification, after passing which traders can increase their trading limits and receive additional privileges and bonuses.

On the OKX website you can find the "Traders Academy", where various materials and videos are presented, after studying which novice investors will be ready to start real cryptocurrency trading.

5. KuCoin 

A cryptocurrency exchange called KuCoin has been operating since 2017, so its reliability is not in doubt. On the platform you can buy popular digital currencies (VTS, ETN, etc.), as well as other variants of coins. Among other things, the cryptocurrency exchange allows you to make an exchange for another digital currency or fiat money. 

The exchange has added hundreds of digital currencies and currency pairs. Professional traders will appreciate the numerous trading options, including margin trading. 

The amount of commission payments for trading operations here depends not only on the volume of trading, but also on the type of trading pairs. The trader also plays a role. For example, the commission is lower for market makers.

How to choose a crypto exchange?

• Reputation and background of the project team: Check the reputation of the site in the market and how it addresses issues of security, transparency and customer service.
• Fees and commissions: Compare the trading, deposit and withdrawal fees and commissions charged by different brokers.
• Security: the safety of your assets is paramount, so it is important to choose a platform with robust security measures such as end-to-end encryption, two-factor authentication and data backup.
• Customer Service: Make sure the exchange offers affordable and efficient customer support, especially during peak market hours.
• User Interface: Choose a platform with a clear and intuitive mobile-friendly interface that makes it easy to trade, track your investments, and view real-time charts and market data.
• Asset Offering: Make sure the platform offers a wide range of cryptocurrencies and other digital assets for transactions.

Conclusion

The major players in P2P trading are shown above: MaxSwap, Coinbase, Bybit, OKX and KuCoin. The other platforms are much less trusted, so they are not listed in the material. 

The choice of platforms for trading cryptocurrencies today is very large. In order not to make a mistake and lose your money, it is important to navigate through the sea of information and competently choose the exchange for your needs.

Pay attention to the reputation of the site, whether it supports payment instruments convenient for you and whether it is available in the country of interest.

The 5 cryptocurrency platforms mentioned above are those exchange services and trading platforms that meet the main criteria of users. The article is not a financial recommendation, so it is important to analyze each of the platforms on your own before getting started.