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P2P Platform Fee Comparison
| Platform | Trading Fee (Maker) | Trading Fee (Taker) | Withdrawal Fee | Deposit Fee | KYC Required |
|---|
| Binance P2P | Zero | Zero | Network fee (crypto) | Zero | Yes (Binance KYC) |
| Paxful | Zero (seller) | Variable (buyer) | Network fee (crypto) | Zero | Yes (tiered) |
| Hodl Hodl | Low flat fee | Low flat fee | Network fee (Bitcoin) | Zero | No (optional) |
| Bisq | Very low (BSQ token discount available) | Very low | Network fee (Bitcoin) | Zero | No |
| OKX P2P | Zero | Zero | Network fee (crypto) | Zero | Yes (OKX KYC) |
| KuCoin P2P | Zero | Zero | Network fee (crypto) | Zero | Yes (KuCoin KYC) |
| AgoraDesk | Low flat fee | Low flat fee | Network fee (crypto) | Zero | No (optional) |
KYC & Identity Verification on P2P Platforms
P2P Trading: Advantages & Disadvantages
Pros
- Access to local payment methods not available on centralized exchanges
- Potential to trade in regions with limited banking infrastructure
- Privacy options exist (no-KYC platforms for smaller amounts)
- Competitive rates driven by direct negotiation between peers
- No platform custody of funds in non-custodial models
- Supports a wide range of fiat currencies including exotic ones
Cons
- Higher fraud and scam risk compared to centralized exchanges
- Lower liquidity can mean slower trade execution
- Dispute resolution can be slow and outcomes uncertain
- Chargeback risk on reversible payment methods
- Non-custodial platforms require technical knowledge
- Regulatory uncertainty in many jurisdictions
- Rates may include a premium over spot price
Last updated: 2026-02-24T21:54:12.444Z