Founded in 2017, P2B has become one of the most sought-after crypto platforms worldwide, thanks to its disruptive nature. It is currently the 12th most secure crypto exchange according to CER Ratings and has a trust score of 7/10 on Coingecko.
It is no surprise, then, that numerous traders around the globe now rely on the exchange to buy and sell a variety of cryptocurrencies. In this review, we will fully analyze P2B’s key features, including its payment methods, supported currencies, trading options, fees, and customer support options.
Key Features of P2B Exchanges
Before we dive into analyzing P2B platforms, here is a brief list of the key features of P2B exchanges.
P2B is an advanced cryptocurrency exchange that allows you to buy and sell hundreds of altcoins, fund new coins, and lock up holdings to generate passive income.
The platform is proud to be the world’s first multi-token exchange. It integrates 24 different blockchains including Ethereum, TRON, Solana, Omni, Waves, Cardano, Ripple, and more.
The diverse blockchains supported by the platform allow users to buy and sell over 200 cryptocurrencies.
The platform also supports fiat currencies such as the US dollar and the euro.
P2B offers competitive trading fees, including market maker fees and taker fees. Customers can enjoy discounts by using its native token PACT.
Registration is very simple and users only need to provide a few details. However, in order to increase your withdrawal limit on the platform, you may need to go through a KYC procedure.
P2B has an excellent customer support service. Users can contact the exchange via email or social media to learn about its services and policies.
P2B keeps most of its crypto assets in cold wallets, so users don’t have to worry about the safety of their holdings.
Users can always find new tokens to fund during the listing phase, and new cryptocurrencies are constantly being added.
The minimum deposit amount is very low but it depends on the currency or token you use when making a deposit.
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P2B Exchange Overview
P2B is a European-based cryptocurrency exchange founded in 2017. It was formerly known as P2PB2B, which stands for “Peer-to-Peer Blockchain-to-Blockchain” and highlights its feature of trading directly on the blockchain.
A key feature of P2B is the diverse range of cryptocurrencies supported by the exchange, allowing users to buy and sell almost 200 different cryptocurrencies and over 320 pairs.
Another notable feature of P2B is its locking mechanism, as it has multiple types of locks where users can lock a certain amount of tokens to generate passive income.
The exchange also offers an Initial Exchange Offering (IEO) platform, which allows blockchain projects to raise funds directly from the exchange’s user base. This is an attractive feature for both investors looking for new opportunities and blockchain projects looking for a platform to launch their tokens.
In addition to trading and locking services, P2B also provides a variety of services and tools to enhance the user experience. This includes advanced trading charts, charting tools, market analysis, and educational content that provides users with understanding market trends and making more rational trading decisions. Recently, it also launched its native token PACT, which users can buy on the exchange and enjoy trading fee discounts.
The next attractive feature is its emphasis on security and transparency. Centralized cryptocurrency exchanges often face security challenges, and P2B aims to address these issues by implementing strong security measures. This includes encryption protocols, two-factor authentication, and other mechanisms to protect users’ funds and sensitive data.
Finally, regarding P2B’s rating, we cannot fail to mention that the world-recognized independent platform Coinmarketcap ranks it among the top 20 cryptocurrency exchanges. According to CER, P2B’s security level is 88/100 and is ranked in the list of top 15 cryptocurrency exchanges in terms of security.
Trustpilot is another popular independent platform that ranks cryptocurrency exchanges based on customer ratings, and according to Trustpilot’s ratings, P2B has a high customer satisfaction rate. P2B is also rated as a very safe platform by Coingecko with a trust score of 7/10. P2B cryptocurrency exchange is registered in Europe, and more than 40%’s customers are European residents. This also makes it the first cryptocurrency exchange headquartered in the European Union.
Top Features of P2B Exchanges
P2B cryptocurrency exchanges offer a lot of features to investors. In this section, we will review some of the top features that make this platform a top choice for investors.
Diversified cryptocurrencies
P2B is a great option for those who want to build a highly diversified cryptocurrency portfolio. The platform supports a large number of cryptocurrencies, and investors can find everything – from very popular and established coins to newly launched tokens and memecoin projects. Currently, the platform supports more than 180 cryptocurrencies and nearly 400 cryptocurrency pairs.
This is because the platform integrates 24 of the most popular blockchains. Currently, P2B is the world’s first cryptocurrency exchange in terms of the diversity of available blockchains. In addition, the exchange constantly updates its list of supported cryptocurrencies by constantly listing many new tokens.
New listings on P2B
Follow @p2b_exchange on Twitter to get all the latest information on upcoming P2B listings.
CHIMPZEE (CHMPZ) is coming to P2B
Learn more about the project:
website:
https://t.co/KY7WBZQEyV
telegraph:
https://t.co/2Oa98stJTx
Twitter:
https://t.co/wNzRsfH373
pic.twitter.com/soKum9X31i
— P2B Crypto Exchange, @p2b_exchange (@p2b_exchange)
December 12, 2023
At the time of writing, the next new listing on P2B is Chimpzee (CHMPZ) due to be listed on January 11, 2024.
Initial Coin Offering
P2B is also a great platform for finding new tokens as it helps businesses conduct Initial Coin Offerings. In the IEO section, you can find a range of new token projects and invest in them during the ICO stage. Users can visit the “Current Activity” section to see what projects are currently available for investment.
To get more information about a project, you can simply click on it and read the project description, find information about its founders, website and social platforms, and check the start and end dates of the IEO. The Initial Exchange Offering feature is a great tool not only for businesses but also for investors, as they can find promising cryptocurrencies and invest in them at an early stage of their development.
Check out our guide to some cryptocurrencies with potential.
Multiple trading and locking options
P2B also excels in terms of trading and especially locking options. As one of the best crypto lock platforms, it supports investing in a large number of cryptocurrencies, spot trading, and diversified lock services to generate passive income. Users can choose from three lock options and deposit their favorite coins or lock them for a period of time.
The first option is called Earn Pool, which allows you to buy and earn rewards for holding your favorite tokens. Flexible Earn is another option that supports users to deposit and hold popular tokens such as ETH, BTC, USDT, etc. and receive daily rewards. Finally, users can choose the Lock to Earn option to lock their tokens in the pool for a specified period of time to get a higher rate of return.
In addition to locking and trading, P2B also offers other ways to make money, one of which is airdrops: users can verify their accounts and participate in airdrop activities. Through its referral program, P2B customers can also get rewards by inviting friends to participate in the recommended game.
Hosting a competition allows users to transfer tokens to their main balance and become a winner to receive prizes. Alternatively, users can participate in trading competitions, trade their favorite assets, and have a chance to win the competition and receive rewards.
Centralized Exchanges
P2B is a centralized exchange, which means it does not work on the AMM principle like decentralized exchanges like Uniswap, Sushiswap, etc. In the case of DEX, users only need to link their wallets to the platform, while CEX requires users to go through the KYC procedure. This is an important step that keeps your details safe and protects your funds from scammers.
The KYC process is not complicated: once you fill in the necessary documents (such as ID card, passport or driver's license), the platform will verify your account in a short time. It is worth noting that P2B allows trading on its platform without KYC; however, in order to fully utilize the platform's potential and trade at a higher volume, users must verify their accounts.
Advanced Trading Tools
One of the most advanced features of the P2B cryptocurrency exchange is its support for advanced trading tools that enables its users to do proper market analysis before investing in coins. Once you visit the “Trading” section, you can see advanced charts that can be customized by the user.
From the right side, you can select the coin pair you want to track, or search for a coin symbol to see the coins you can trade with. Users can also choose different technical indicators from the indicator section, where more than 100 different indicators are provided. Finally, from the settings, users can change the settings about the chart, including the body, indicators, symbols, text, etc.
How do P2B exchanges work?
P2B offers two options – investing in cryptocurrencies or trading crypto pairs. After creating an account, you first need to deposit some funds on your account. You can choose to deposit funds in cryptocurrencies or fiat currencies. However, the platform only supports 3 fiat currencies for deposits – EUR, USD, and GBP, with nearly 50 other fiat currencies supported for buying and selling cryptocurrencies directly on the platform.
To buy or deposit coins, users need to visit the “Wallet” section and select the “Deposit” option. From here, you can choose “Deposit Crypto,” “Deposit Fiat,” or “Buy Crypto,” and then proceed to provide the necessary details about your payment option. For cryptocurrency deposits, you need to select the coin you want to deposit, copy the wallet address, and send to that address from your cryptocurrency wallet.
Once you have funds in your account, you can start trading on over 900 markets. To do this, visit the Markets section, select your preferred trading pair, and click on it. After that, you will be navigated to the page where you can make trades.
Here you can also find advanced charting tools for tracking the performance of your tokens. Below the charts are separate windows for buy and sell transactions, where users can enter the amount of tokens they want to buy or sell.
As mentioned before, P2B also offers various locking options to earn income with idle funds. To lock your funds for passive income, select the Earn Account section where you will find three different ways to lock. Now you can choose to lock to earn, flexibly earn or earn pool, select the token and time period and you will see all the information related to it.
There are other options for making money, which you can find in the Events section. These include holding and trading competitions, airdrops, and referral programs. If you want to find new token listings and get involved, find the Participate in IEO option in the Launchpad section and click on it.
Here you’ll find sections like “Current Listings,” “Upcoming Listings,” “Completed Listings,” etc. So it’s no surprise that P2B lists some of the top pre-sale cryptocurrencies on the market.
The website is designed to be very intuitive, allowing you to learn about IEO projects without leaving the site. You just click on the project you are interested in and you will be navigated to a separate page where you can not only buy into the ICO, but also find important information about the token project and listing conditions.
The platform also features a Blog section where you can find educational guides on listings, cryptocurrency trading, ICOs, blockchain, and other related topics.
Reasons to use P2B exchanges
P2B is constantly developing its cryptocurrency exchange, making it more user-friendly and offering an increasing number of cryptocurrencies to diversify your portfolio. In this review, we reviewed some of the reasons why we believe P2B is a top cryptocurrency exchange in terms of spot trading and locking.
Diversified cryptocurrencies
One of the best things that customers love about P2B cryptocurrency exchange is the number of currencies and tokens that its platform supports. P2B has integrated 24 blockchains, enabling it to support a large number of assets. Among the popular blockchains supported by P2B are Ethereum, Binance Chain, Avalanche, Hedera, Ripple, Cardano, Polygon, Solana, and more. With so many blockchains available, P2B has listed more than 200 cryptocurrencies.
The cryptocurrency exchange also offers 900 trading markets. In the markets section, users can find trading pairs including Bitcoin, other tokens, DeFi tokens, stablecoins, and more.
In addition, P2B helps businesses list their tokens and constantly adds new tokens to its list. According to its website, P2B conducts 30 successful projects per month and has successfully launched more than 2,000 new projects in its 6 years of operation.
Different locking options
Another reason we like P2B Exchange is that it supports lock-up options. Users can choose different ways to lock up their assets and generate passive income. One of the simplest ways is to buy tokens, keep them in your wallet, and get rewards in the same tokens.
In addition, it is also possible to lock a certain amount of tokens to generate higher income. P2B also offers other options for making money, which can be easily found on its website.
Highly secure platform
P2B is a regulated platform that requires users to verify their accounts before making high-volume transactions. This makes the process more transparent and enables you to resolve issues if your account is hacked.
To take security to another level, P2B has also developed multiple layers of protection and integrated the most effective technologies to protect your funds and transactions. These security mechanisms include mobile phone verification, two-factor authentication, Google authentication, anti-phishing code implementation, etc. In addition, all funds are kept in secure cold wallets, which makes it more difficult for fraudsters to access them.
Competitive transaction fees
Another factor that makes P2B attractive is its pricing, as P2B charges fairly competitive trading fees, especially on high-volume trades. The only fees charged by the platform are market maker fees and taker fees, both of which start at 0.2%. However, the fees decrease based on the account level. So, someone with a Level 0 account has to pay a market maker fee of 0.2% and a taker fee of 0.2%.
To reach Level 1, users must have a trading volume of more than 1 BTC in 30 days. In this case, the fees are reduced to 0.19% for market makers and 0.18% for takers. The higher your monthly trading volume, the higher your account level, so the less you pay in fees. The highest level is a Level 10 account, which reduces the taker fee to 0.1% and the market maker fee to 0.01%.
Multiple deposit options
When it comes to deposits, P2B offers a wide range of options – both fiat and crypto. As for the first currency, users can deposit in EUR, USD, and GBP through the ADVCASH provider. The minimum deposit amount is $10 or the equivalent in the chosen fiat currency. It supports nearly 50 fiat currencies for direct purchase and sale of cryptocurrencies through Moonpay and Simplex.
You can also make deposits using hundreds of other cryptocurrencies, from popular coins and tokens to memecoins and new tokens. In this case, the minimum deposit amount varies depending on the cryptocurrency.
Learn more about the most promising memecoin on the market.
Good customer support
Another point that P2B has been praised for is its customer support service. The cryptocurrency exchange was audited by Trustpilot and received a 3.7 rating for its customer service. It offers different support options, including online chat, through which you can get in touch with an agent and get answers to your questions within 15-30 minutes. In the FAQ section, you can also find a lot of information, provided in the form of questions and answers.
However, if the users cannot find the required information in this way, P2B also provides email support. So, they can send questions or report issues through email. Another available support option is its Telegram support. In this case, you activate the Telegram bot and send your questions through it.
Check out our guide to learn more about Telegram bots and why they are gaining a lot of momentum.
Good reputation
We would also like to mention the reputation that the platform has managed to build up in its 6 years of existence. It is considered one of the leading cryptocurrency exchanges in the world and the first in Europe. It has also received good reviews from well-known companies such as Coinmarketcap, Trustpilot, CERtified, etc. for its security, cryptocurrency diversity, liquidity, and customer service.
The fact that P2B is constantly evolving and adapting to the challenges of the market is also another thing we like. While the platform is constantly improving based on customer reviews, it has also significantly increased its list of supported cryptocurrencies over time. One thing that has helped this is that P2B is partnering with businesses to launch their tokens.
This is good in two ways – first, it builds good partnerships with different companies, and second, it helps add new tokens, allowing customers to buy them during the ICO phase. The platform has already launched thousands of such projects and launches dozens of new ones every month.
Check out our guide to learn more about some of the best cryptocurrency projects on the market this year.
User-friendly platform and mobile app
Finally, P2B has a well-designed website that is very user-friendly and easy to use. Once you visit the website, you will see that everything is neatly organized by department. Therefore, you can easily find information about the list of coins supported by the platform, the markets that can be traded, earning plans, account settings, etc.
The website also displays useful information about P2B’s achievements and rankings. On the homepage, users can also find newly listed ICOs. Finally, for those who wish to buy and sell assets on their mobile devices, P2B offers mobile trading. Its mobile app can be downloaded and installed on your device for free.
How to open a P2B exchange account
Now that you are familiar with P2B cryptocurrency exchanges and their top features, you might want some information about the registration process on the platform.
Once you have visited the P2B cryptocurrency exchange, you will notice a green Register button on the top right corner of the platform. Click on it to start the registration process.
After navigating to the registration page, you can start providing the necessary details to open an account. This simply involves filling in a valid email address, creating a password and selecting your current location.
After providing these details, read the platform’s Terms of Service and Privacy Policy and check the ‘I Agree’ field. Finally, click on the ‘Register’ button to create your account.
The last step of the registration process is to access your email and verify your account. To do this, you just need to use the link sent to your email. Now your account is ready and you can start trading or investing.
You can further enhance the security of your account, you need to click on your account icon and then select the “Account Security” option.
On this page you will find two types of account security that you can activate by clicking on the "Enable" button and following the steps included. To ensure maximum security for your account you will need to activate both of them.
Since P2B is a centralized exchange, KYC is mandatory to protect the security of your account. In addition, many features of the platform are only available after your account has been fully verified. However, KYC verification does not take too long if everything is performed correctly. Here are the steps required to complete this operation.
In the Account Security section, select the KYC Verification option and click on the Start Verification button.
Here you will need to fill in some personal information including your first name, last name, gender, and date of birth.
The next step is to provide your address information, so you need to select your country and city and write your entire address and zip code.
After that, you can start your identity verification. There are three ways to complete your identity verification, including ID card, passport, and driver's license. Click on the verification option you prefer and provide the required document photo.
The final step in the verification process is to send a selfie with your identity verification documents.
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P2B Evaluation - Conclusion
As cryptocurrencies have become widely popular and an integral part of our lives, more and more cryptocurrency exchanges have been launched recently to support cryptocurrency trading and investing. P2B is one of the newest cryptocurrency exchanges and has been in the industry for more than 5 years.
During this time, P2B has managed to build a solid reputation and attract millions of users to its platform. In this guide, we review some of the features that make P2B an excellent choice.
In summary, these features include the diversity of cryptocurrencies and markets supported by the platform. The next exciting feature is the support for different locking options, although it is not a decentralized exchange. In addition to trading and locking, P2B also provides other DeFi services such as initial trading issuance, helping small businesses to successfully go public and raise funds for project development.
P2B is also a customer-oriented platform with a user-friendly interface. Our review found that using P2B is quite easy as the initial registration only requires a few details. As for security, P2B has taken various measures to ensure the safety of users’ funds and personal data. To learn more about the platform and open an account, you can visit its website or download its mobile app.
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