The existence of bacterial K+/H+ antiporters preventing the over-accumulation of potassium in the cytoplasm was predicted by Peter Mitchell almost fifty years ago. The importance of K+/H+ antiport for bacterial physiology is widely recognized but its molecular mechanisms remain underinvestigated. Here, we demonstrate that a putative Na+/H+ antiporter, Vc-NhaP2, protects cells of Vibrio cholerae growing at pH 6.0 from high concentrations of external K+. Resistance of V. cholerae to Na+ was found to be independent of Vc-NhaP2. When assayed in inside-out membrane vesicles derived from antiporter-deficient Escherichia coli, Vc-NhaP2 catalyzed the electroneutral K+(Rb+)/H+ exchange with pH optimum at ~7.75 with an apparent Km for K+ of 1.62 mM. In the absence of K+ it exhibited Na+/H+ antiport, albeit rather weakly. Interestingly, while Vc-NhaP2 cannot exchange Li+ for protons, elimination of functional Vc-NhaP2 resulted in a significantly higher Li+ resistance of V. cholerae cells growing at pH 6.0, suggesting the possibility of Vc-NhaP2-mediated Li+/K+ antiport. The peculiar cation specificity of Vc-NhaP2 and the presence of its two additional paralogues in the same genome make this transporter an attractive model for detailed analysis of structural determinants of the substrate specificity in alkali cation exchangers.