Top 8 Best P2P Trading Exchanges in The UK in 2025!

Peer-to-peer (P2P) trading has gained popularity in recent years, especially among beginners and casual traders. Unlike traditional exchanges, where you buy or sell through a middleman, P2P platforms let users trade directly with each other. This gives traders more control, often lower fees, and better privacy. In the UK, a growing number of people are turning to forex trading online and cryptocurrency through P2P exchanges to boost their investments or diversify their income streams.

If you're new to the world of P2P trading and wondering which platforms are the best in 2025, you're in the right place! We’ve rounded up the Top 8 Best P2P Trading Exchanges in the UK to help you get started with confidence.

1. Binance P2P

Why it's popular:
Binance is one of the world’s largest crypto exchanges, and its P2P platform is easy to use, even for beginners. You can buy or sell directly with other users, and Binance holds your funds safely in escrow during the transaction.

Pros:

No trading fees
It supports multiple payment methods (bank transfer, PayPal, etc.).
24/7 customer support

Good for:
Beginners who want to trade crypto easily and securely, while exploring forex trading online options in the same ecosystem.

2. Paxful

Why it's popular:
Paxful is a user-friendly P2P exchange that offers over 300 payment options, from bank transfers to gift cards. It’s great for people who want flexibility.

Pros:

Highly secure with escrow services
Wide range of payment methods
Active UK user base

Good for:
Users looking for versatile ways to pay or get paid during crypto and forex transactions.

3. Bybit P2P

Why it's popular:
Bybit’s P2P marketplace is new but growing quickly. Known for its fast, smooth trading experience, it’s ideal for both crypto and fiat trades.

Pros:

No transaction fees
Quick verification process
Trusted reputation in the crypto and forex community

Good for:
Traders who value speed and a clean user interface.

4. OKX P2P

Why it's popular:
OKX has gained popularity in the UK due to its robust features and growing P2P community. It supports major coins and has strong security.

Pros:

Strong buyer/seller protections
Live chat feature for negotiations
Built-in wallet services

Good for:
Intermediate users are getting serious about forex trading online and digital currency.

5. KuCoin P2P

Why it's popular:
KuCoin offers a wide variety of cryptocurrencies and a built-in P2P marketplace. It has an intuitive app and website for beginners.

Pros:

Multiple coin support
Clean interface
Low risk of fraud due to strong KYC policies

Good for:
New traders who want both crypto and forex options in one place.

6. LocalBitcoins

Why it's popular:
LocalBitcoins has been a go-to P2P platform for years. Though it’s more focused on Bitcoin, it’s still a favourite for UK traders who want direct, local trades.

Pros:

Long-standing reputation
Good local trading support
Transparent feedback system

Good for:
Users are looking for quick Bitcoin deals in their local currency.

Note: As of 2025, LocalBitcoins continues to face competition from newer platforms, but it remains reliable for UK-based traders.

7. Hodl Hodl

Why it's popular:
This platform emphasises privacy and decentralisation. It doesn’t hold your funds; instead, it uses a multi-signature escrow system.

Pros:

No KYC needed
Low fees
Global reach

Good for:
Tech-savvy users who want more privacy while engaging in P2P and forex trading online.

8. Bitnob P2P (New Entry for 2025)

Why it's popular:
Bitnob, initially focused on African markets, is gaining popularity in the UK thanks to its clean design and seamless cross-border payment support.

Pros:

Great for remittances and cross-border P2P
Growing UK support
Competitive rates

Good for:
Users trading internationally and those involved in forex trading online across borders.

What Makes a Good P2P Trading Exchange?

When choosing a P2P trading platform, especially in the UK, consider the following:

Security: Look for platforms that offer escrow services and two-factor authentication.
Fees: Some platforms are free, while others charge small percentages.
Payment Methods: The more options, the better. Bank transfers, PayPal, Revolut, and even gift cards are commonly accepted.
Reputation: Always check reviews and ratings from other users.
User Experience: A clean, easy-to-use platform makes your trading life easier, especially if you're new to forex trading online.

Take Away

Whether you're a beginner or someone with a bit of experience, P2P trading is a flexible and often cheaper way to get involved in crypto and forex trading online. The UK has a healthy selection of reliable platforms, and the 8 we’ve listed above are perfect for exploring this growing market in 2025.

If you’re just starting out, it’s smart to: