P2B (previously known as P2PB2B cryptocurrency exchange) was introduced to the world in the year 2018 in Lithuania. The platform is not just limited to cryptocurrency exchange trades but extends to business areas such as Crypto Projects scheme for trusted associates.
P2B crypto exchange has a marketing initiative that grants its users various features such as expert advice for different types of trading activities. The platform assists users with tools to profit, increase rewards, expand their fellowship, and sustain their liquidity valuations. Furthermore, it facilitates exchanges with crypto tokens and coins such as BTC, ETH, NEO, and so on. Additionally, the platform supports up to 10,000 transactions per second.
Its KYC-verified identification system has been boosted with AI capabilities. The platform does not support third-party accounts or fake names, thus, all accounts must be verified with emails, identity cards, and phone numbers. The P2B cryptocurrency exchange has two KYC verification levels. The completion of the first KYC level gives users access to various functions of the platform, including making deposits, withdrawing funds, and making use of the API function. The completion of the second level, on the other hand, enables users to participate in security token offerings (STOs) on the platform.
All major international markets can trade on the P2B crypto exchange. However, users from countries such as Australia, Canada, China, France, the UK, and the United States have either partial or complete restrictions on services due to country-specific regulations.
There are over 700 crypto-to-crypto and crypto-to-fiat P2B trading pairs available. It also offers an intuitive trading interface combined with advanced tools to help traders make better-informed decisions before or while making trades. The platform supports various crypto markets, including, BTC, USDT, and others, as well as fiat markets, including USD, EURO, and so on. As of writing this, P2B trade volume stands at over $800 million per day, equating to 52,452 BTC.
The P2B spot trading is the only trading option available. This means that there are no other options like margin and leverage trading available on the exchange.
Like every other exchange, it charges transaction fees for various activities conducted by its users. The platform charges a flat trading fee of 0.2% on all trades. P2B crypto fees allow both makers and takers to pay the same charges. This may be somewhat unattractive to high-volume traders, as they may prefer a tiered fee structure. Tiered fee structures allow high-volume traders to pay less as their trading volumes increase.
While the platform does not charge any fees for fiat deposits, investors who use the fiat deposit option are required to pay network fees while depositing the USD and EURO into their trading accounts. However, payments made in Russian Rubles do not attract any transaction charges. Additionally, the exchange charges transaction fees when users deposit certain tokens, including CHESS, LUNES, DYNMT, CTAG, and BNOX. Depositing other tokens apart from those just mentioned does not require any deposit fees.
Concerning withdrawals, on the other hand, the platform charges for all withdrawals except those made with the Russian Ruble. There is a 1% fee charged for USD withdrawals and a 5% charge for EURO withdrawals. There are also minimum and maximum withdrawal limits for both currencies pegged at 100 USD and 100 EURO each. Additionally, there is a flat P2B crypto price of 0.001 BTC for exchanges in the BTC network.
The P2B cryptocurrency exchange gives room for private coin developers to list their coins on the exchange. For a token to be eligible for listing on the P2B exchange, it must be a genuine crypto project led by a competent and reliable team. The project must comply with the policies of the exchange, and the developers must be willing to provide any information requested by the exchange.
The average token listing process on the exchange takes about two to three weeks, depending on the project. Project developers must also note that the exchange reserves the right to delist the token if the coin is poorly maintained or the main project team is removed. Furthermore, any coin found to be used for unlawful activities like fraud, money laundering, and funding of terrorist activities will be removed from the platform immediately.
P2B crypto exchange also offers lucrative affiliate and referral programs. It pays a 15% commission to users who recommend the platform to their friends. To participate in the program, the users get referral links and invite friends with them. The higher the number of people an affiliate refers to, the higher his or her earnings will be. Additionally, the platform offers airdrop programs, contests, and other rewarding activities for its users.
About the Company
The P2B exchange is based in Vilnius, Lithuania. It was founded in 2018 by Valerii Solodovnyk as the P2PB2B cryptocurrency exchange. He is the CEO of Partida Services, which is the name under which the exchange is registered. Valerii holds a B.Sc in Economics from the Kharkiv National University of Economics. Over the years, he has built a wealth of experience working in the financial sector.
P2B cryptocurrency exchange employs a Web Application Firewall (WAF) to detect and block any hacking attempts, thereby protecting the data and funds of its users. Also, about 96% of the funds on the exchange are kept in cold wallets to prevent unauthorized access and theft.
On October 3, 2022, the P2PB2B crypto exchange was rebranded to P2B. During the rebrand, the name, logo, and appearance of the website were changed.