When you buy crypto in Egypt without a bank, you’re likely using P2P crypto, a direct trade between two people without a middleman, often using cash, mobile money, or bank transfers. Also known as peer-to-peer trading, it’s become the most practical way for Egyptians to get Bitcoin, USDT, and other coins—especially when banks block crypto deposits. Unlike centralized exchanges that require KYC and freeze accounts, P2P lets you trade with someone nearby, face-to-face or online, using apps like Paxful, LocalBitcoins, or Binance P2P.
This system works because Egypt has strict capital controls and limited access to international payment rails. Many people can’t use PayPal or credit cards to buy crypto, so they turn to P2P. Sellers list their rates in Egyptian pounds, and buyers pay via cash deposit, Fawry, or even mobile wallets like Vodafone Cash. The platform holds the crypto until payment is confirmed—this is called an escrow system. But here’s the catch: not all sellers are honest. Scams happen when someone sends fake payment screenshots or disappears after receiving cash. That’s why most experienced traders only deal with high-reputation users and avoid deals that feel too good to be true.
Regulations in Egypt are still unclear. The central bank doesn’t recognize crypto as legal tender, but it hasn’t banned P2P trading either. That gray area is why so many people use it—it’s not illegal, just unregulated. Some traders worry about future crackdowns, but for now, the market keeps growing. You’ll find whole Facebook groups and Telegram channels dedicated to P2P deals in Cairo, Alexandria, and even smaller cities. Traders share tips on avoiding fraud, negotiating rates, and handling sudden bank freezes. The real value isn’t just in the coins you buy—it’s in the local knowledge you gain.
What you’ll find below are real reviews and deep dives into the platforms, risks, and strategies used by Egyptians trading crypto P2P. Some posts cover how to spot fake payment proofs. Others explain why Binance P2P is preferred over local apps. You’ll also see warnings about scams tied to fake airdrops and fake customer support. This isn’t theory—it’s what people are doing right now, with real money on the line. Whether you’re new or have traded before, these stories will help you stay safe and trade smarter.
Egyptians trade crypto underground using P2P platforms like Bybit and Binance to bypass banking restrictions. With no legal exchanges, millions use coded messages, mobile payments, and cash trades to buy Bitcoin and USDT-surviving inflation and a broken financial system.
