Best Option for P2P in LATAM?
Santiago Coates
May, 20, 2025
3 min.
When it comes to buying digital dollars—especially in countries like Bolivia—being informed is key. The platform you choose can impact the security, speed, and accessibility of your transactions.
The peer-to-peer (P2P) market is one of the most flexible and accessible ways to make currency exchanges. But not all platforms are created equal. In this article, we break down what a P2P market is, the key differences between Airtm and Binance, and why many users in Latin America are switching to Airtm for safer, smoother withdrawals.
🎥 If you’re in Bolivia, you can watch this video tutorial to learn how to create your Airtm account.
What Is a P2P Market?
A peer-to-peer (P2P) marketplace connects buyers and sellers directly, without the need for a traditional financial intermediary. This setup provides more flexibility when choosing payment and withdrawal methods—especially useful in countries with financial restrictions or limited banking infrastructure.
On Airtm, users can choose their preferred local payment method, enter the amount they want to convert, and a verified peer (called a “cashier”) completes the transaction safely and efficiently.
The Binance P2P Experience
Binance is one of the world’s largest crypto exchanges. While its P2P market is popular, it’s just one feature among many—and that comes with tradeoffs.
- Lack of strict verification: Anyone can become a P2P merchant on Binance, often without extensive screening. This has led to cases of fraud and even extortion when users share sensitive bank information.
- Security issues: Weak control over who operates as a merchant has made it easier for bad actors to manipulate exchange rates or scam users.
- Hidden costs: While fees can be low, some merchants offer exchange rates that are worse than expected, leading to hidden losses.
Why Airtm Could Be a Better Option
Airtm was built around the P2P model and puts security, local accessibility, and ease of use at the center of the experience. Here’s what sets it apart:
1. Focus on Local Currencies and Payment Methods
Airtm supports over 400 local payment methods across LATAM, including country-specific bank transfers, e-wallets, and regional fintech apps. If Binance doesn’t support your preferred method, Airtm probably does.
2. Verified Cashier Network + Support
Airtm takes cashier verification seriously. All P2P agents are vetted, and there’s a dedicated support team (in your language) and dispute mediation service available. That peace of mind is hard to find on Binance.
3. User-Friendly Interface
Many users—especially those new to crypto—find Airtm’s platform more intuitive. Binance can be overwhelming due to its focus on trading and multiple product offerings.
4. Integrated Withdrawals from Platforms Like Payoneer
Airtm is integrated with platforms like Payoneer, making it easier to withdraw your freelance or remote income to your local currency.
5. Stablecoin-Powered Transactions
Airtm primarily uses USDC, a stable digital dollar, which adds a layer of price stability that volatile cryptocurrencies don’t offer.
Transparency & Trust: Exchange Rates and Fees
While Airtm’s exchange rates may sometimes be slightly higher than Binance’s, you’re paying for a trusted, secure experience with clear fees and full support.
In P2P, cheapest isn’t always safest.
Final Thoughts: A Platform Built for the Global South
In regions like Bolivia, Argentina, Colombia, and Venezuela—where dollar access is limited—Airtm provides a more local-friendly, user-first approach. Binance may be powerful, but it wasn’t designed with these specific challenges in mind.
If you’re looking for a secure, transparent, and accessible way to withdraw your crypto or digital dollars to local currency, Airtm might be your best bet.
👉 Ready to try it? Create your Airtm account here
