Obviously, in a world where almost everyone is talking about cryptocurrencies, there is a lot of demand for places where ordinary people can buy and sell digital coins. There are about 400 crypto exchanges, but only a few of them have a really large audience.
Today we take a look at one of the most sought after crypto exchanges with weekly traffic measured by hundreds of thousands of unique users – P2PB2B.
The Estonian stock exchange was founded in 2018 and quickly began to gain popularity. Now it is in the TOP-50 crypto exchanges by capitalization. About 600,000 people visit the p2pb2b website every week, according to Binance. Of course, these are not bad statistics, but what about some characteristics?
In principle, the interface and functionality are not very different from other similar services. About 200 currencies are available for trading, including fiat money. The service has good liquidity (k=442) and a large number of active markets (190).
The engine used on the site is very powerful – it can theoretically process up to 10,000 transactions per second, which makes the service ready for more funding in the near future.
You can fund your account with Visa or another credit card. Commission fees are not so high – only 5% with a minimum deposit amount of $10.
Below, the commission for transactions is divided between the buyer and the seller – each of them pays 0.2% of the transaction value. Frankly, this is not the lowest commission, but not the highest either.
The withdrawal fee here is constant – 0.001 BTC. This is slightly higher than the industry average, but still quite affordable.
P2PB2B provides many distinctive options. Some interesting events and features are hidden in the “Activities” tab. On the “Airdrop” tab, you can get “cashback” from the purchase of a particular cryptocurrency.
There are also many “trading competitions” with prize pools ranging from $400 to $5,000.
Of course, the average small trader cannot win this competition, but if you are a big player with huge volumes, then why not give it a try? There is also competition for the largest number of referrals.
At first glance, the exchange is quite safe. There have been no reports of hacker attacks in 3 years of existence, but, on the other hand, we do not know what protocols and security systems are used to ensure the security of servers.
The P2PB2B exchange is legally licensed in Europe, so there is little chance that the owners will simply disappear with the traders’ money.
However, to pass account verification on the platform, personal information, a photo of a passport and a face are required. This may be a disadvantage for traders who wish to remain anonymous.
- 5% for deposit
- 0,2% per trade
- 0,001 BTC per withdrawal
- Trading competitions
- Some cashback
- The exchange is legal
- No security breaches have ever been attempted
- Personal information is required for verification
According to reviews, P2PB2B is a fairly large, young and ambitious legal platform with good growth prospects. However, there is no particular choice in functionality for professional traders. Commission fees are normal and liquidity is very good.
In general, we recommend the platform for traders. All relevant information about the world of cryptocurrencies on the site- https://www.bitede.com/