Review of P2B exchange
P2B is a centralized exchange that occupies #38 on Guru InvestingExchange Tracker. P2B has trading volume US$1,483,095,801 in the last 24 hours and US$426,481,311,676 in the last 7 days.
P2B currently has 138 cryptocurrencies, 0 paper currencies and 190 markets (cryptocurrency trading pairs). The most popular trading pair on P2B is BTC/USDT.
Compare P2B next to other exchanges here: Exchange comparison tool.
P2B (formerly known as the P2PB2B cryptocurrency exchange) was introduced to the world in 2018 in Lithuania. The platform is not limited only to cryptocurrency trading, but extends to such areas of business as Scheme of crypto projects for trusted partners.
P2B cryptocurrency exchange has marketing initiative which provides its users with various features such as expert advice on various types of trading activities. The platform provides users with tools to earn profits, increase rewards, expand their network and maintain their liquidity score. Moreover, it facilitates the exchange of cryptocurrency tokens and coins such as BTC, ETH, NEO and so on. In addition, the platform supports up to 10,000 transactions per second.
His KYC-The proven identification system is supplemented with artificial intelligence capabilities. The platform does not support third-party accounts or fictitious names, so all accounts must be verified using email, ID, and phone numbers. P2B cryptocurrency exchange has two levels of KYC verification. Completing the first level of KYC gives users access to various features of the platform, including making deposits, withdrawing funds, and using the API feature. Completing the second level, on the other hand, allows users to participate in security token offerings (STO) on the platform.
All major international markets can trade on the P2B cryptocurrency exchange. However, users from countries such as Australia, Canada, China, France, UK and USA have partial or complete restrictions on services according to country-specific regulations.
Markets
Eat More than 700 trading pairs “crypto-crypto” and “crypto-fiat” P2B available. It also offers an intuitive trading interface coupled with advanced tools that help traders make more informed decisions before or during trades. The platform supports various cryptocurrency markets, including BTC, USDT, and others, as well as fiat markets, including US dollars, euros, and so on. As of this writing, P2B trading volume is over $800 million per day, which equates to 52,452 BTC.
P2B spot trading is the only trading option available. This means that there are no other options on the exchange such as margin trading and leverage trading.
Like any other exchange, it charges transaction fees for various activities performed by its users. The platform charges fixed trading commission of 0.2% on all transactions. P2B cryptocurrency fees allow both producers and recipients to pay the same fees. This may be somewhat unattractive for large traders as they may prefer a tiered commission structure. A tiered commission structure allows large traders to pay less as their trading volumes increase.
While the platform does not charge any fees for fiat depositsInvestors using the paper deposit option must pay network fees when depositing USD and EUR into their trading accounts. However, payments made in Russian rubles do not incur any transaction fees. Additionally, the exchange charges transaction fees when users deposit certain tokens, including CHESS, LUNES, DYNMT, CTAG, and BNOX. Depositing tokens other than those just mentioned does not incur any deposit fees.
Regarding withdrawals, on the other hand, the platform charges for all withdrawals except those made using Russian rubles. There is a 1% fee for USD withdrawals and a 5% fee for EUR withdrawals. There are also minimum and maximum withdrawal limits for both currencies, pegged at USD 100 and EUR 100 each. Additionally, for exchanges on the BTC network, there is a fixed P2B cryptocurrency price of 0.001 BTC.
other services
P2B Cryptocurrency Exchange Empowers Private Coin Developers put your coins on the exchange. For a token to be eligible for listing on a P2B exchange, it must be a genuine crypto project led by a competent and reliable team. The project must comply with the exchange’s policies, and developers must be willing to provide any information requested by the exchange.
On average, the process of listing tokens on the exchange takes about two to three weeks, depending on the project. Project developers should also note that the exchange reserves the right to delist a token if the coin is poorly maintained or the project’s core team is removed. Additionally, any coin found to be used for illegal activities such as fraud, money laundering and terrorist financing will be immediately removed from the platform.
The P2B cryptocurrency exchange also offers profitable affiliate and referral programs. It pays a 15% commission to users who recommend the platform to their friends. To participate in the program, users receive referral links and invite friends through them. The more people a partner attracts, the higher his earnings will be. In addition, the platform offers distribution programs, competitions and other useful events for its users.
About company
The P2B exchange is based in Vilnius, Lithuania. It was founded in 2018 Valery Solodovnik like the P2PB2B cryptocurrency exchange. He is the CEO Partida Services, under which the exchange is registered. Valery has a bachelor’s degree in economics from the Kharkov National Economic University. Over the years, he has accumulated extensive experience in the financial sector.
P2B cryptocurrency exchange uses Web Application Firewall (WAF) detect and block any hacking attempts, thereby protecting the data and funds of its users. Also, about 96% of funds on the exchange are stored in cold wallets to prevent unauthorized access and theft.
On October 3, 2022, the P2PB2B crypto exchange was renamed to P2B. During the rebranding, the name, logo and appearance of the site were changed.
P2B related pages
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A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
