P2P Cryptocurrencies
Cryptocurrencies actively traded on the P2P market right now. USDT (Tether) dominates — its dollar peg makes it the natural rail for fiat ↔ crypto. BTC, USDC, ETH show up in select markets where merchants offer them.
USDTWhich crypto should I trade P2P?
For 99% of P2P trading, the answer is USDT. Tether's dollar peg means a buyer paying ₹85 / USDT or ₽97 / USDT knows exactly what they're buying — a stable representation of a dollar. Volatile cryptos (BTC, ETH) are less common on P2P because the 15-minute escrow window introduces price risk.
USDC sees use in markets with stricter US compliance preferences. BTC P2P mostly happens for larger trades or in regions where buyers want exposure rather than a stablecoin. Most P2P aggregators use USDT as the price-discovery rail and convert to other cryptos via the exchange's spot market.