Peer-to-peer crypto fees, compared
Every peer-to-peer marketplace charges someone. The useful questions are how much, who pays it, and whether it depends on who posted the offer. These are the published figures as each platform’s own fee page stated them when we read it.
Published platform fees
| Platform | Who pays | Bank / mobile money | Gift cards |
|---|---|---|---|
| Koinzaar | The seller in each trade, on release | 0.5% | 5% |
| Bybit P2P (NGN) | Advertisers posting buy ads; takers and sell ads 0% | 0.3% general, 0.275% verified, 0.25% block advertisers | Not listed separately |
| CoinCola | The user who posted the offer; takers free | 0.70% | 4.00% |
| LocalCoinSwap | The user who created the offer; responders 0% | 1% | 1% |
Platform fees are only part of the cost. The rate on the offer usually matters more, and your bank or wallet may charge for the transfer. Fees change; check each platform’s page before you trade.
How to read it
On Koinzaar the fee follows the side of the trade, not who posted the offer: the person selling crypto pays it, and the person buying crypto pays nothing. On Bybit, CoinCola and LocalCoinSwap the fee follows the advertiser, so someone who only takes existing offers pays no platform fee there.
Koinzaar’s other categories: 0.75% for e-wallets and 1% for cash.
Questions
Do buyers pay a fee on Koinzaar?
No. The seller pays the fee when the crypto is released, and the buyer pays no Koinzaar fee.
Why are gift cards more expensive?
Gift card trades carry most of the disputes, and every dispute is a moderator reading a chat log and a photograph of a card. The bank transfer and mobile money rails should not pay for that.
Sources
- Bybit Help Center: P2P on Bybit, Fees Explained (updated 28 Jul 2026)
- CoinCola: Fees & Rates
- LocalCoinSwap: Fee Structure
Last checked 2026-10-22.
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