Comparison of P2B vs Altcoin Trader [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the P2B vs Altcoin Trader comparison!

Your expert: Alejandro Borja

P2B

Your expert: Xavier Tarrasó

Altcoin Trader

Main points

Fees

≈ 0,20%

Earns

Customer service

3/5

0,10%

Fees

Yes

Earns

4/5

Customer service

Recommended for

Beginners

Trading

Yes

Passive income

Buy and hold

Yes

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold

Comparison of fees

Rating

4.0 – Reasonable fees with additional benefits for token holders.

3.5 – Competitive fees within South Africa but higher for international transactions.

Level

≈ 0,20%

0,10%

Brief explanation

P2B’s commission structure is designed to be competitive, aiming to attract both novice and regular traders. The trading and transaction fees are moderate, placing P2B in a reasonable position compared to other exchanges. While the fees are not the lowest on the market, they strike a balance between cost and the value provided, particularly with the security and customer support offered. The fee system is transparently outlined on the website, making it easy for users to understand what they will be charged per transaction. This clarity in fee structure, combined with competitive rates, makes P2B a compelling choice for those new to trading cryptocurrencies.

AscendEX maintains a competitive and transparent fee structure, which is essential for both casual and serious traders. The platform typically charges a flat fee for both makers and takers, simplifying calculations for users. These fees are generally aligned with industry standards, ensuring that traders can engage in frequent trading activities without excessive costs. Additionally, AscendEX may offer tiered discounts based on the user’s monthly trading volume, which incentivizes higher trading activity with lower fees. For users looking to minimize costs while maximizing trading opportunities, AscendEX’s fee structure is designed to support a wide range of trading strategies and volumes, making it a compelling choice for those who value straightforward and equitable financial dealings in their trading platform.

P2B

Security Methods: P2B employs robust security measures, including the storage of 96% of assets in cold wallets, ensuring high levels of protection against potential online threats.
Reputation and Reviews: The exchange has built a strong reputation among users, particularly praised for its user-friendly interface and security, garnering positive reviews across various platforms.
Transparency: P2B is noted for its transparency in operations, clear communication about its features, and the security protocols it employs, which builds trust among its user base.
Customer Service: The exchange provides excellent customer support, offering quick and helpful responses to user inquiries and issues, which enhances user trust and satisfaction.
Withdrawal and Deposit Policies: P2B has straightforward and reliable withdrawal and deposit policies, ensuring users can manage their transactions efficiently and with confidence.

Read p2b review

Altcoin Trader

Security Methods: AscendEX employs a comprehensive array of security measures including SSL encryption, two-factor authentication, and cold storage of assets. These rigorous security protocols ensure that users’ data and funds are protected against unauthorized access and cyber threats, fostering a secure trading environment.
Reputation and Reviews: Since its inception in 2018, AscendEX has built a solid reputation within the cryptocurrency community. User reviews often highlight the platform's reliability, wide range of services, and user-friendly interface, underscoring its standing as a reputable exchange in the crypto market.
Trading Volume and Liquidity: AscendEX supports a high trading volume and liquidity, which is crucial for traders looking to execute large trades without significantly affecting the market price. This high liquidity not only facilitates better price discovery but also enables efficient entry and exit from positions.
Customer Service: AscendEX is known for its robust customer support, offering quick and helpful responses to user inquiries and issues. This commitment to excellent customer service enhances user experience and trust, particularly for new traders who may need assistance navigating the platform.
Withdrawal and Deposit Policies: The platform’s policies on withdrawals and deposits are clear, secure, and user-centric, ensuring a smooth process for moving funds into and out of the exchange. AscendEX’s efficient handling of these critical operations reinforces its reliability and the trust users place in it.

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Account Minimum

Get started with just $100.

And 1% fee on all cryptocurrency trades.

Direct link to the website

Product selection

Native token

Earns

Yes

NFT marketplace

Cripto/debit card

Full name

P2B exchange

Altcoin Trader (Pty) Ltd.

Regulation

Not regulated

Year founded

2018

2014

Founder

Unknown

Richard de Sousa

Payment methods

Transfers

Yes

Mastercard

Yes

Wire transfer

Yes

Card

Yes

Comparative table

P2B	FEATURES	Altcoin Trader
P2B allows for low minimum trades, making it accessible for beginners, but could benefit from even lower thresholds.	Minimum Trade	AscendEX allows small minimum trades, making it accessible for users with smaller capital.
Fees are competitive but could be improved to match or undercut leading competitors.	Trading and Transaction Fees	Competitive fees, especially favorable for high-volume traders with further discounts available.
Offers a moderate range of cryptocurrencies, focusing on newer tokens which may limit variety for some users.	Number of Cryptocurrencies	Offers a broad range of over 100 cryptocurrencies, catering to diverse trader demands.
Limited primarily to new tokens, lacking depth in established crypto-to-crypto pairs.	Crypto-to-Crypto Trading Pairs	Features an extensive array of trading pairs, facilitating varied and flexible trading strategies.
The website provides clear information about operations and fees, though some areas could be more detailed.	Website Transparency	Generally transparent about fees and terms, though some details on security could be clearer.
P2B Exchange does not currently offer its own exchange card for customers to use for in-store purchases or to receive benefits. This lack of a branded card means users miss out on potential benefits such as cashback on purchases, rewards, or easier access to spend their cryptocurrencies in everyday transactions.	Credit/Debit Card	AscendEX lacks an exchange card feature, which could enhance the usability of cryptocurrencies for everyday transactions and offer additional benefits to its users.
Excellent security with 96% of assets in cold storage, providing high-level asset protection.	Storage Offering	Provides secure storage options with cold storage and multi-factor authentication.
Offers limited options for staking and rewards, which could be expanded to enhance user returns.	Staking and Rewards	Offers competitive staking rewards and various incentives for participation in trading activities.
Both platforms are user-friendly but could offer more features and smoother functionality.	Mobile App and Desktop	Both mobile and desktop platforms are well-designed, offering full functionality and ease of use.
Provides excellent customer service with quick and helpful responses, setting a high standard.	Customer Service	Robust customer support with responsive service via multiple channels.
Smooth deposit and withdrawal processes, though some limitations apply to methods and currencies.	Deposit and Withdraw	Efficient deposit and withdrawal processes are in place, although adding more fiat options could improve accessibility and convenience.

Key features

Analysis tools

Basic charting tools

Mobile APP

Security

High 4,9/5

High 4,5/5

Additional features

Margin trading, futures trading, staking, P2B Launchpad

Instant EFT payments, savings wallets, recurring buy orders, OTC trading

Anonymity

Key points

Available cryptocurrencies

100+

20+

User-friendliness

P2B provides a straightforward and easy-to-use platform that is ideal for beginners. The interface is clean and intuitive, making it easy to navigate and execute trades.

Altcoin Trader is known for its simple and user-friendly interface, which makes it accessible for new traders. The platform focuses on ease of use, ensuring that buying and selling cryptocurrencies is straightforward.

Value for money

Delivers reasonable value for money with competitive fees and a wide range of supported cryptocurrencies, though it may not suit all traders.

Delivers decent value for money, especially for South African users, with competitive fees and easy access to local banking options.

Countries of operation

United States, Canada, United Kingdom, Australia, Singapore

South Africa, Namibia, Botswana, Zimbabwe, Lesotho

Best for

Best for traders seeking a platform with a wide range of cryptocurrencies and competitive fees.

Best for South African investors looking for easy access to local banking options and competitive fees, making it ideal for regional users.

Base currencies available

USD, EUR, BTC

ZAR, BTC

Account

Trading

P2B offers a wide range of cryptocurrencies and competitive fees. It provides advanced trading tools but has lower liquidity compared to larger exchanges.

Altcoin Trader is ideal for users looking to trade a variety of altcoins. The platform is easy to navigate, but its fee structure is slightly higher than average. Additionally, the platform’s customer support could use improvement.

Deposit and withdrawal

P2B offers multiple deposit options, including bank transfers and cryptocurrencies. Withdrawals are processed quickly, with competitive fees.

Altcoin Trader provides bank transfer and cryptocurrency deposit options. Withdrawals are usually processed within 24 hours. Fees are relatively low, making it accessible for beginners.

Account opening process

P2B offers an easy and quick account opening process. Users need to provide personal information and verify their identity. The process is fully digital and typically takes less than a day to complete.

Altcoin Trader has a simple account registration process. It requires basic personal information, proof of identity, and address verification. The process is quick, usually taking less than a day, making it accessible for new users.

KYC required?

Yes

Customer Service

P2B offers customer support via email and live chat. The support team is responsive and helpful, but the lack of 24/7 support may be a limitation for some users.

Altcoin Trader provides support through email and live chat. The support team is responsive and helpful, but the lack of 24/7 availability can be a downside for users needing immediate assistance.

Security

P2B offers comprehensive security measures, including 2FA and cold storage. Despite its strong security measures, the platform is not regulated by top-tier financial authorities, which could be a concern for some investors.

Altcoin Trader employs standard security measures like 2FA and encryption. It lacks regulation from major financial bodies, which could be a concern for some investors regarding the safety of their funds.

Which of these exchanges is for you?

Alejandro Borja

As an expert on our website, I’d recommend P2B for newcomers to the cryptocurrency world, particularly those looking to invest in new and emerging tokens. While the exchange offers excellent security and user-friendly interfaces, it would benefit significantly from expanding its range of trading tools and established cryptocurrency offerings. For those starting out or looking to explore initial coin offerings, P2B provides a supportive and secure platform, but seasoned traders might find the features somewhat limiting.

Xavier Tarrasó

As an expert reviewer on our website, I highly recommend AscendEX for both new and experienced traders looking for a comprehensive crypto trading platform. Its robust security measures, extensive range of cryptocurrencies, and competitive trading fees make it a reliable choice. The platform’s user-friendly interface, coupled with excellent customer support, ensures a smooth trading experience, making it well-suited for anyone looking to delve into the crypto market.

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How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Comparison of P2B vs Altcoin Trader [ 2024 ]

P2B

Altcoin Trader

Main points

Recommended for

Comparison of fees

Rating

Level

Brief explanation

P2B

Altcoin Trader

Product selection

Native token

Earns

NFT marketplace

Cripto/debit card

Company information

Full name

Regulation

Year founded

Founder

Payment methods

Transfers

Mastercard

Wire transfer

Card

Comparative table

Minimum Trade

Trading and Transaction Fees

Number of Cryptocurrencies

Crypto-to-Crypto Trading Pairs

Website Transparency

Credit/Debit Card

Storage Offering

Staking and Rewards

Mobile App and Desktop

Customer Service

Deposit and Withdraw

Key features

Analysis tools

Mobile APP

Security

Additional features

Anonymity

Key points

Available cryptocurrencies

User-friendliness

Value for money

Countries of operation

Best for

Base currencies available

Account

Trading

Deposit and withdrawal

Account opening process

KYC required?

Customer Service

Security

Which of these exchanges is for you?

How do we review crypto exchanges?

Risk Disclaimer

More comparatives P2B and Altcoin Trader