P2P waitlist · Perpetuals live 24/7
P2P Crypto Exchange: How It Works and EVEDEX Status
A P2P crypto exchange matches users who pay each other in fiat. EVEDEX P2P has not launched yet; today EVEDEX offers perpetual futures without traditional KYC, 24/7, from 6 USDT.
What EVEDEX offers while P2P is on the waitlist
Live EVEDEX trading terms as of September 15, 2026, from EVEDEX trading terms and documentation.
P2P crypto exchanges compared
Live P2P venues trade fees against identity checks. EVEDEX is listed first only to show its status. Details per venue: best P2P crypto exchanges; access without documents: P2P crypto exchange no KYC.
| Platform | Model | Platform fee | Identity check | Drawback |
|---|---|---|---|---|
| EVEDEX | P2P not launched; email waitlist only | No P2P fees; perpetuals capped at 0.015%/0.045% | No traditional KYC; AML screening with Chainalysis | No P2P marketplace, no built-in fiat off-ramps |
| Bybit P2P | Marketplace inside a Bybit exchange account | None on most fiat; up to 0.3% on five | Identity verification required for P2P | Fiat goes directly to the counterparty |
| Hodl Hodl | Bitcoin only, 2-of-3 multisig per trade | 0.75% per trade, 0.5% for referrals | No KYC | Dynamic minimum fee, normally up to $5 |
| Bisq | Desktop app over Tor, 2-of-2 multisig | 0.15% maker, 1.15% taker in BTC | No registration or identity verification | Both sides lock BTC security deposits |
| RoboSats | Tor-only, Lightning hodl invoices as bonds | 0.2% total: 0.025% maker, 0.175% taker | KYC-free | Needs Tor and Lightning payments |
What EVEDEX offers instead of P2P
EVEDEX is a hybrid exchange for perpetual futures: orders match off-chain and settle on-chain on Arbitrum.
Perpetuals, not fiat trades
You trade 52 perpetual pairs on price, including crypto, US stocks, gold, oil and forex, with USDT margin. No seller to pay, no coins change hands.
No traditional KYC
You log in with a wallet instead of uploading documents, and every deposit passes automated AML screening with Chainalysis.
No fiat off-ramps
EVEDEX runs no built-in fiat off-ramps and does not support withdrawals to bank cards. You deposit crypto and withdraw USDT.
P2P is waitlist-only
The EVEDEX P2P page says P2P trading will be available very soon and only collects emails. For P2P trades today, use a live venue from the table.
Trade perpetuals in three steps
No counterparty and no fiat leg: connect a wallet, deposit crypto and open a position.
Connect a wallet
Log in with your own wallet. No document upload is required.
Deposit from 6 USDT
Pick network, token and amount. Funds route through a personal deposit contract on Arbitrum, deployed once for about 0.1 USDT.
Open a position
Pick a pair such as BTCUSD and a direction. The minimum order is 5 USDT.
How a P2P crypto exchange works
Every P2P trade has two legs: crypto locked by the platform, and fiat paid directly between the two users.
A maker posts an offer with a price, limits and payment methods, and a taker accepts it. The seller's coins are locked, the buyer pays outside the platform, and the seller releases the coins once the money arrives. Hodl Hodl locks coins in a 2-of-3 multisig, Bisq in a 2-of-2 multisig, RoboSats in Lightning hodl invoices. Locking protects only the crypto leg: a reversed payment is the seller's risk, so release coins only after the money has cleared.
P2P crypto exchange questions
A P2P crypto exchange is a marketplace where users trade crypto directly with each other. A maker posts an offer with a price, limits and payment methods, a taker accepts it, and fiat moves between the two users while the platform locks the crypto side and handles disputes.
Not yet. EVEDEX P2P has not launched: the P2P page on evedex.com says it will be available very soon and only collects emails for a waitlist. There is no escrow service and no P2P offer book on EVEDEX today, only a hybrid exchange for perpetual futures.
Hodl Hodl says no KYC is needed and trades only bitcoin, Bisq requires no registration or identity verification, and RoboSats calls itself KYC-free and runs only over Tor. Exchange-run marketplaces differ: Bybit's P2P FAQ states that identity verification is required. Local laws apply to every venue.
Platform fees vary widely. Bybit P2P charges nothing on most currencies and up to 0.3% on five listed ones, Hodl Hodl takes 0.75% per trade, Bisq charges 0.15% maker and 1.15% taker in BTC, and RoboSats 0.2% in total. The seller's price premium comes on top.
Locking protects the crypto leg, not the payment. Most disputes come from reversed payments, fake confirmation screenshots and payments from third-party accounts. Release coins only after the money has cleared in your own account, keep chat inside the platform and read the dispute rules first.
Not directly. According to its Help Center, EVEDEX runs no built-in fiat off-ramps and does not support withdrawals to bank cards. You deposit crypto from a supported network, or buy USDT with a card through an external provider in the deposit window, and withdraw USDT to a network you select. Identity checks may apply at external services where you buy that crypto.
EVEDEX lists 52 perpetual pairs: 39 crypto pairs, 5 US stocks, gold via XAUT, silver, WTI oil, EURUSD, USDJPY, two pre-market contracts and SPY, all 24/7 with USDT margin. Fees are capped at 0.015% maker and 0.045% taker before cashback.
EVEDEX does not operate traditional KYC: you log in with a wallet, and deposits pass automated AML screening with Chainalysis. Transfers linked to some platforms may trigger extra checks or holds. EVEDEX is not available to sanctioned persons and not for UK retail clients.
