This post discusses 5 alternatives to Bybit P2P.
Bybit is a popular crypto exchange, especially among P2P traders in Nigeria.
However, there are plenty of other reputable and efficient platforms available for those seeking better options.
Looking for a more secure P2P platform than Bybit? Let’s dive in!
5 Top Bybit P2P Alternatives to Trade P2P in Nigeria
The platforms include:
NB: Due to the government restriction on crypto, Nigerians will need a strong VPN to access these exchange’s website. Alternatively, consider downloading their mobile apps to avoid this issue.
1. Gate.io
Gate.io was launched by Lin Han in 2013 as Bter.com.
In 2017, the platform rebranded to Gate.io and has since grown to become a global exchange headquartered in George Town, UK.
Today, Gate.io is a global exchange offering a wide range of features and services.
Its P2P platform supports NGN trading for Nigerian users, alongside over 80 other fiat currencies.
Available cryptocurrencies include ETH, BTC, and DOGE.
There’s the ‘Express’ option, which allows traders to quickly find the best merchant without the hassle of searching.
Additionally, a range of payment methods are supported, making it easier to trade with your most preferred option.
2. NoOnes
NoOnes is a relatively new crypto exchange that seeks to become a global leader in the P2P crypto marketplace.
Founded by Ray Youssef, co-founder of Paxful, NoOnes is his new venture aimed at creating a ‘Bitcoin SuperApp’ for the Global South.
NoOnes facilitates the P2P trading of Bitcoin, USDT, and USDC and also their direct conversions.
The platform supports over 500 payment methods and enables users to buy crypto with virtually any fiat currency, even gift cards.
Moreover, the platform does not mandate ID verification for users.
3. CoinW
CoinW is a cryptocurrency exchange that was established by Mingguo Bai in 2017.
The headquarters of the company is located in Abu Dhabi, UAE.
Some of the important locations include Dubai, Singapore, Turkey, South Korea, Japan, the Philippines, Malaysia, Australia, Vietnam, India, Nigeria, Canada, and Russia.
CoinW supports up to 20 fiat currencies and offers multiple payment methods.
Its ‘Quick Buy’ section offers up to 12 coins, including BTC, USDT, ADA, and ETH.
But for Nigerians, you can only trade USDT at the moment.
Hopefully, the Team will have more coins available for Nigerians soon.
To trade on CoinW’s P2P, you must have completed at least the primary verification and linked your phone number.
4. BingX
BingX is a global cryptocurrency exchange offering spot, derivatives, copy trading, and wealth management.
Founded in 2018, the exchange is the a cryptocurrency exchange with 5M+ users and a range of trading services.
More than 60 fiat currencies are supported, and payment methods are available depending on the fiat in use.
For example, using NGN, you can make payments via bank transfer, Advcash, and Cash app.
But you find way more options for payment when using USD.
BingX supports a wide range of cryptocurrencies for P2P trading, the popular ones include BTC, ETH, SOL, BNB, and USDT.
5. Bitget
Bitget is a cryptocurrency exchange that was launched in 2018 and is based in Singapore.
The exchange started up as a “Spot Exchange,” but it has expanded to include other services to its platform.
Bitget P2P launched in 2022 and supports the following coins: ETH, BTC, BGB, DAI, USDT, USDC, and WLD
It supports up to 67 fiat currencies, and payment options are available depending on the fiat currency used.
You must have completed your identity verification on the platform to trade on its P2P market.
There you have the 5 Bybit P2P alternatives. Let’s conclude!
Conclusion
Despite being a popular exchange, Bybit has faced criticism for its customer support and instances of scam activities perpetrated by some merchants.
These shortcomings, have raised concerns among users, prompting some to seek more reputable P2P platforms.
The exchanges discussed in this post are all trustworthy and reliable options.
It’s time to share your thoughts in the comments: Are you a Bybit user looking for a better P2P platform?
Which of the exchanges mentioned in this post will you be trying out?
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