--- title: "P2P Crypto Exchange: Fees and KYC Rules Compared | EVEDEX" description: "How a P2P crypto exchange works, how Bybit P2P, Hodl Hodl, Bisq and RoboSats compare on fees and KYC, and why EVEDEX P2P is still waitlist-only." url: "https://evedex.com/en/p2p-crypto-exchange/" lang: "en" date_modified: "2026-09-16" --- # 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. [Trade BTCUSD](https://exchange.evedex.com/en/trade/BTCUSD) ## What EVEDEX offers while P2P is on the waitlist Live EVEDEX trading terms as of September 15, 2026, from EVEDEX trading terms and documentation. - **200x** — Only BTC, ETH, SOL up to $50,000 notional - **0.015%** — Maker fee cap, taker 0.045%, before cashback - **24/7** — Trading on all 52 perpetual pairs - **6 USDT** — Minimum deposit, AML-screened, no traditional KYC ## 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](https://evedex.com/en/blog/best-p2p-crypto-exchanges/); access without documents: [P2P crypto exchange no KYC](https://evedex.com/en/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 | 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 | _P2P venues by model, platform fee and identity rules_ Data as of September 15, 2026. EVEDEX: trading terms, [docs](https://docs.evedex.com/key-features-and-components/trading-platform-and-matching-engine/trading-fees). Venues: [Bybit fees](https://www.bybit.com/en/help-center/article/P2P-on-Bybit-Fees-Explained), [Bybit FAQ](https://www.bybit.com/en/help-center/article/P2P-on-Bybit-FAQ), [Hodl Hodl](https://hodlhodl.com/faq), [Bisq](https://bisq.wiki/Trading_fees), [RoboSats](https://learn.robosats.org/docs/fees/), checked September 16, 2026. ## 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. ### 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. ## Risk warning P2P trades carry counterparty and payment-reversal risk. Perpetual futures with leverage can wipe out your margin quickly: at 200x, a 0.5% move against you equals the initial margin. EVEDEX is not intended for UK retail clients. This page is not investment advice. ## P2P crypto exchange questions ### What is a P2P crypto exchange? 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. ### Does EVEDEX have a P2P crypto exchange? 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. ### Which P2P crypto exchanges work without KYC? 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. ### How much do P2P crypto exchanges charge? 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. ### Is a P2P crypto exchange safe? 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. ### Can I buy crypto with fiat on EVEDEX? 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. ### What can I trade on EVEDEX instead of P2P? 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. ### Do I need KYC to trade on EVEDEX? EVEDEX does not operate traditional KYC: you log in with a wallet, and deposits pass automated AML screening. Transfers linked to some platforms may trigger extra checks or holds. EVEDEX is not available to sanctioned persons and not for UK retail clients. ## Waiting for P2P? Trade perpetuals now EVEDEX P2P is on the waitlist, perpetual futures are live 24/7: 52 pairs, fees capped at 0.015% maker and 0.045% taker before cashback, 200x only on BTC-USD, ETH-USD and SOL-USD up to $50,000 notional, from 6 USDT. [Trade BTCUSD](https://exchange.evedex.com/en/trade/BTCUSD)