The live winner-takes-all USDT/Saudi Riyal P2P recommendation. Real numbers from Saudi Arabia merchants, no affiliate rankings.
MEXC is the smallest of the major P2P venues. Liquidity is rarely sufficient for >$100K trades, but it's a useful tertiary pricing reference and occasionally hosts the cheapest BUY-side price during low-activity periods.
BingX P2P is a relatively new entrant — often hosts the cheapest BUY-side price when merchants run promotional spreads. Smaller liquidity than the top 3, but worth checking on price-sensitive trades.
Ranked by combined ad volume. The cheapest BUY price (best for buyers) is highlighted; same for the highest SELL price.
| # | Exchange | Best BUY | Best SELL | Ads (24h) |
|---|---|---|---|---|
| 1 | Binance | SAR3.85 | SAR3.90 | 2.7K |
| 2 | OKX | SAR3.87 | SAR3.86 | 1.5K |
| 3 | Bybit | SAR3.95 | SAR4.00 | 601 |
| 4 | Bitget | SAR3.99 | SAR3.85 | 394 |
| 5 | MEXCCHEAPEST BUY | SAR3.54 | SAR3.90 | 388 |
| 6 | BingXHIGHEST SELL | SAR4.29 | SAR4.51 | 312 |
| 7 | Gate | SAR4.00 | SAR3.95 | 217 |
| 8 | KuCoin | SAR4.00 | SAR4.50 | 202 |
| 9 | HTX | SAR4.44 | SAR3.81 | 30 |
By cheapest BUY price right now (best for buyers): MEXC at SAR3.54. By highest SELL price (best for sellers): BingX at SAR4.51. The "best" depends on which side of the trade you're on. Refreshed every 5 minutes; if you're trading shortly, check the current numbers above.
MEXC MEXC is the smallest of the major P2P venues. Liquidity is rarely sufficient for >$100K trades, but it's a useful tertiary pricing reference and occasionally hosts the cheapest BUY-side price during low-activity periods. The "cheapest BUY" status is live — it can change minute by minute as merchants reprice. The page refreshes every 5 minutes.
Grey area. Saudi Central Bank (SAMA) has not formally licensed crypto exchanges and has issued occasional warnings about crypto risk, but trading is not explicitly banned. Active retail P2P markets exist. The Saudi Vision 2030 reform agenda has signalled increasing openness to fintech, with formal regulation expected.
No personal income tax for individuals — Saudi Arabia has no general personal income tax regime, so crypto gains are untaxed at the personal level for citizens and residents. Zakat (2.5% religious wealth tax) applies for Muslim citizens on qualifying assets, which may include crypto holdings.
No. OpenRate doesn't have referral deals with any of the 9 exchanges we track. The "best" winner is purely whoever has the cheapest live BUY (or highest SELL) price right now, no rankings adjustment, no editorial weighting.
Every 5 minutes. Direct-crawled exchanges (Binance, Bybit, OKX, HTX, KuCoin) refresh every 60 seconds; reference exchanges (Bitget, MEXC, Gate, BingX) refresh every 30 minutes via p2p.army's aggregate.