8 minute read
Does MEXC Exchange Have P2P Trading?
from MEXC Exchange
by XM Blog
Yes — MEXC Exchange does have P2P (Peer-to-Peer) trading, but it is not the primary focus of the platform. MEXC is mainly known for its spot, futures, and derivatives markets, but it also provides a P2P trading section that allows users to buy and sell cryptocurrencies directly with each other using local payment methods. This means you can trade crypto without having to deposit or withdraw funds via traditional centralized order books, instead settling transactions directly between buyers and sellers.
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If you are looking for a way to buy crypto using your local currency, avoid some transaction fees from bank transfers to exchanges, and have flexible payment methods, MEXC’s P2P feature is designed for that. However, because it’s not as widely used as the P2P marketplaces of exchanges like Binance or OKX, the liquidity and available offers on MEXC’s P2P section may vary depending on your country and currency.
In this guide, we will go deep into what MEXC’s P2P trading is, how it works, what fees are involved, who can use it, its pros and cons, how it compares to other platforms, and tips to use it safely.
What Is P2P Trading on MEXC?
P2P (Peer-to-Peer) trading on MEXC is a service that connects buyers and sellers directly without the exchange acting as the middleman in the fund settlement. MEXC provides the marketplace, escrow service, and dispute resolution system to make sure that both parties honor their side of the deal.
When you use MEXC P2P:
· You choose an offer from a seller or buyer that matches your preferred price and payment method.
· MEXC locks the cryptocurrency in an escrow account once the trade is initiated.
· You make or receive payment using the agreed local method (bank transfer, e-wallet, cash-in-hand in some cases, etc.).
· Once the seller confirms payment, the crypto is released from escrow to your MEXC wallet.
This setup ensures that the seller can’t run away with your money and that buyers can’t refuse to release funds after payment. MEXC’s P2P platform essentially acts as a trust bridge between both sides.
Which Cryptocurrencies Are Available on MEXC P2P?
The availability of coins for P2P trading on MEXC depends on the offers placed by merchants and users in your country. Commonly supported cryptos include:
· USDT (Tether) — the most traded coin in P2P because it’s stable.
· BTC (Bitcoin)
· ETH (Ethereum)
· Other stablecoins like USDC or BUSD (availability varies)
In most cases, USDT is the default option because it is pegged to the US dollar, making it easier for both parties to agree on value without worrying about price volatility during the transaction.
Which Fiat Currencies and Payment Methods Are Supported?
MEXC P2P supports multiple fiat currencies depending on the country you select when browsing the offers. Common fiat currencies include:
· USD
· EUR
· GBP
· VND (Vietnamese Dong)
· THB (Thai Baht)
· INR (Indian Rupee)
· NGN (Nigerian Naira)
· PHP (Philippine Peso)
· And others
Payment methods are set by the individual seller or buyer and can include:
· Bank transfers (local or international)
· Mobile wallets (e.g., GCash, Paytm)
· Payment apps (PayPal, Skrill, Revolut — depending on the region)
· Cash deposits
· Some merchants even offer cash-in-person transactions (though these are riskier and should be handled with caution).
How to Use MEXC’s P2P Trading Feature
Here is a step-by-step explanation of how to buy or sell using MEXC P2P:
1. Log In to Your MEXC Account
You need to have a registered and verified MEXC account. While some P2P offers may be available without full KYC, most sellers require buyers to be verified to reduce the risk of fraud.
2. Go to the P2P Section
On the MEXC website or app, navigate to Buy Crypto → P2P Trading. You will see a list of available offers filtered by your selected fiat currency.
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3. Filter by Payment Method and Currency
Choose your local currency and preferred payment method. This will display only offers that match your needs.
4. Choose an Offer
Look at the list of sellers or buyers. Pay attention to:
· Price per unit
· Available limits (minimum and maximum trade amounts)
· Payment methods
· Seller rating and completed trades
5. Initiate the Trade
Click “Buy” or “Sell” and enter the amount you want to trade. MEXC will lock the crypto in escrow for the seller’s side.
6. Complete the Payment
Follow the seller’s payment instructions and make the payment within the given time limit. Once done, mark as “Paid”.
7. Wait for Release
The seller confirms payment and releases the crypto from escrow to your account.
Does MEXC Charge Fees for P2P Trading?
One of the biggest attractions of P2P trading is that MEXC does not charge buyers any direct fees for using the service. However:
· Merchants may adjust their prices to include a spread (profit margin), which acts as an indirect fee.
· Sellers might be charged a small fee for posting multiple ads or using premium features, depending on MEXC’s policy updates.
This makes P2P appealing for those who want to avoid bank transfer fees for deposits or withdrawals via traditional methods.
Is MEXC P2P Safe?
MEXC P2P is generally safe if you follow the rules:
· The escrow system ensures that crypto is not released until payment is confirmed.
· Verified merchants often have a track record that you can check.
· MEXC provides a dispute resolution mechanism if there’s a problem.
That said, you must be cautious:
· Never complete transactions outside MEXC’s chat or payment system.
· Always double-check payment details before sending funds.
· Avoid sellers with low ratings or very few completed trades.
Advantages of Using MEXC P2P
1. No direct trading fees for buyers — most transactions are free from extra charges.
2. Local currency support — trade without converting through international bank fees.
3. Variety of payment methods — choose what works best for you.
4. Escrow protection — reduces fraud risk.
5. Accessible to many countries — even where direct bank deposits to exchanges are restricted.
Limitations of MEXC P2P
1. Lower liquidity than bigger exchanges — fewer offers in some countries.
2. Possible price differences — merchants often add a profit margin.
3. Limited number of coins — mainly stablecoins and major cryptocurrencies.
4. Potential for scams if you ignore rules — risk increases if you take the conversation outside MEXC.
Comparing MEXC P2P to Binance and OKX
While MEXC’s P2P works similarly to Binance and OKX, the main differences are:
· Liquidity: Binance P2P generally has more merchants and better prices due to higher user volume.
· Interface: MEXC’s P2P is straightforward but less feature-rich compared to Binance’s advanced filtering.
· Global Reach: MEXC is available in many countries, but the number of active P2P traders varies greatly by region.
· KYC Requirements: Similar to competitors, most large transactions require identity verification.
If you’re in a country with low MEXC P2P activity, you might find better deals on bigger platforms. But if you already trade on MEXC, it’s convenient to keep everything in one place.
Tips for Safe and Efficient P2P Trading on MEXC
1. Always use verified merchants with high completion rates.
2. Stay inside MEXC’s chat and escrow system — never take deals offline.
3. Confirm payment details carefully before sending money.
4. Act fast — P2P offers may expire or be canceled if you delay.
5. Don’t overtrade — start with small amounts to test a new seller.
6. Beware of overpayment scams where a buyer sends extra money and asks for a refund outside the platform.
Who Should Use MEXC P2P?
MEXC P2P is ideal for:
· Crypto beginners who want to buy their first USDT or BTC without complex bank transfers.
· Traders in restricted regions where direct exchange deposits are limited.
· Frequent traders who want to avoid extra deposit/withdrawal fees.
· Merchants who want to earn a spread by buying low and selling high locally.
Final Thoughts
So, does MEXC Exchange have P2P trading? Yes, it does — and it’s a legitimate, secure way to buy and sell crypto directly with other users using local currencies and payment methods. While it may not have the same massive liquidity as Binance or OKX, it offers a solid alternative for MEXC users who want flexibility, fee savings, and direct transactions.
If you decide to use MEXC P2P, focus on trading with trusted merchants, staying inside the platform’s systems, and double-checking all details. Used correctly, MEXC P2P can be a convenient way to access crypto markets without high banking fees or complicated transfers.
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