P2B Review 2024

Autor

Revisor

Last update: 9 months ago

Our veredict

P2B, as a cryptocurrency exchange, has established a reputation for being particularly accessible to new crypto traders, boasting a user-friendly platform that simplifies entering the market. It’s recognized for its robust security measures, ensuring a high level of trust among users. Notably, 96% of all crypto assets on the platform are stored in cold wallets, enhancing security against potential online threats . On the downside, P2B has some limitations when it comes to advanced trading options. It supports only basic market and limit orders, without offering more sophisticated tools or features for risk management, which might be a turn-off for more experienced traders looking for in-depth trading functionalities . Additionally, its focus on new token launches, while beneficial for those looking to invest early in new projects, might not appeal to traders interested in more established cryptocurrencies or more diversified trading strategies.

Overall, P2B stands out for its strong customer support and trustworthiness, making it an attractive choice for newcomers to the cryptocurrency scene. However, its limited trading features and the focus on newer tokens may not meet the needs of all traders, particularly those seeking advanced trading functionalities.

Pros

Cons

Investing risks losing your money

4,3

Threenvest Score

Fees

0,20%

U.S Legal

Yes

With the confidence of Threenvest

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.

Best Crypto Exchanges

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About P2B

Introduction

P2B is a dynamic cryptocurrency exchange designed to simplify the trading experience, especially for beginners in the cryptocurrency world. It emphasizes security, user-friendliness, and innovative access to new coin offerings, catering primarily to those new to investing in digital currencies.

What is P2B?

P2B is a cryptocurrency exchange that provides a platform for buying, selling, and trading a variety of digital currencies. It is known for its intuitive interface that is accessible to first-time users, alongside robust security measures to protect trader assets.

Background and History

Founded with the vision to make cryptocurrency trading accessible and secure for everyone, P2B has quickly grown into a favored platform for new traders. The exchange differentiates itself by focusing on the introduction of new tokens, which offers early investment opportunities into emerging projects. Over the years, P2B has maintained a strong commitment to security, with a significant portion of assets stored safely in cold storage solutions.

Founders

The P2B exchange was brought to life by a group of crypto enthusiasts and technology experts who saw the need for a more user-oriented approach in the crypto trading space. The founding team combined their expertise in technology, finance, and user experience design to create an exchange that demystifies the often complex world of cryptocurrency trading.

Fun Facts & Interesting Insights

P2B was one of the first exchanges to implement a 96% cold storage policy, setting a high standard for security in the industry.
The platform has hosted over a hundred new token launches, earning a reputation as a launchpad for blockchain innovations.
P2B’s founders initially met at a blockchain conference, inspired by a shared vision of making crypto trading more accessible.

By integrating strong security protocols with an easy-to-use interface, P2B has carved a niche for itself in the competitive world of cryptocurrency exchanges, particularly appealing to those new to the market. Its commitment to fostering new projects provides a unique edge in the rapidly evolving digital currency landscape.

Why Choose P2B?

P2B stands out as an excellent choice for those new to the cryptocurrency market, thanks to its highly intuitive interface that simplifies trading. It’s an ideal platform for beginners who need a straightforward entry point into the world of crypto trading. The exchange offers an array of digital currencies and is particularly known for giving users early access to new token launches. This feature not only provides a unique investment opportunity but also positions P2B as a launchpad for emerging blockchain projects, allowing traders to get in on the ground floor of potentially lucrative investments.

Security is a paramount concern for any crypto trader, and P2B addresses this with robust measures. By storing 96% of assets in cold wallets and employing advanced security protocols, P2B ensures that the funds of its users are protected against the majority of online threats. This high level of security, combined with its commitment to transparency in its operations, fosters a trusting relationship between the exchange and its users, making it a reliable platform for both novice and experienced traders.

Moreover, P2B’s commitment to excellent customer service enhances its appeal. The platform offers responsive and helpful support, ensuring that any issues users encounter are swiftly addressed. With its user-friendly approach, strong security measures, and exceptional support, P2B provides a trading environment that is not only easy to navigate but also safe and supportive. Choosing P2B means opting for a secure, transparent, and user-centric trading experience that is ideal for those starting their journey in the crypto world.

Where it falls short

One of the main drawbacks of P2B is its limited range of advanced trading options. Currently, the platform only supports basic market and limit orders, which might not meet the needs of more experienced traders looking for depth in their trading strategies. This limitation can hinder traders who rely on more complex tools like stop losses, algorithmic orders, or options trading to manage risk and seize market opportunities more effectively. To enhance its appeal to a broader audience, including seasoned traders, P2B could benefit from integrating additional trading tools and features. Implementing these advanced trading functionalities would not only provide a more robust trading experience but also attract a more diverse group of users who seek detailed control over their trading activities.

Another area where P2B falls short is its focus primarily on newer tokens. While this can be exciting for those looking to invest in emerging projects, it may deter more conservative traders or those interested in more established cryptocurrencies. This focus can limit the platform’s attractiveness to a wider audience that might be looking for a balanced mix of traditional and cutting-edge crypto investment opportunities. To improve, P2B could expand its offerings to include more established cryptocurrencies and possibly branch into other financial instruments like ETFs or derivatives. By diversifying its asset offerings, P2B would not only cater to a broader demographic but also enhance its users’ ability to build a more comprehensive and diversified investment portfolio directly on the platform.

Features	Explanation
Minimum Trade	P2B allows for low minimum trades, making it accessible for beginners, but could benefit from even lower thresholds.
Trading and Transaction Fees	Fees are competitive but could be improved to match or undercut leading competitors.
Number of Cryptocurrencies	Offers a moderate range of cryptocurrencies, focusing on newer tokens which may limit variety for some users.
Crypto-to-Crypto Trading Pairs	Limited primarily to new tokens, lacking depth in established crypto-to-crypto pairs.
Website Transparency	The website provides clear information about operations and fees, though some areas could be more detailed.
Credit/Debit Card	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.
Storage Offering	Excellent security with 96% of assets in cold storage, providing high-level asset protection.
Staking and Rewards	Offers limited options for staking and rewards, which could be expanded to enhance user returns.
Mobile App and Desktop	Both platforms are user-friendly but could offer more features and smoother functionality.
Customer Service	Provides excellent customer service with quick and helpful responses, setting a high standard.
Deposit and Withdraw	Smooth deposit and withdrawal processes, though some limitations apply to methods and currencies.

Investing risks losing your money

Xavier Tarrasó

EIP and Cryptocurrency Investor

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.

Fees

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.

Pros

Competitive Rates: P2B's commissions are structured to be competitive within the market, which makes it an attractive option for both new and regular traders seeking cost-effective trading options.
Transparency: The fees are clearly outlined on the exchange’s website, providing users with straightforward information about what they can expect to pay for transactions, which enhances trust and decision-making.
Balanced Pricing: While not the lowest, the fees balance affordability with the provision of secure and reliable services, ensuring that users receive good value for their transactions.

Cons

Not the Lowest Fees: Compared to other leading exchanges, P2B's fees are not the lowest available, which could deter traders looking for the cheapest trading options.
Limited Incentives for High Volume Traders: There is a lack of progressive fee reductions for high-volume traders, which is a common feature in many other exchanges to reward and retain top traders.

Introduction to P2B Exchange’s Commission Structure

P2B Exchange is a cryptocurrency platform that caters primarily to newcomers in the digital currency space, with a focus on offering access to new token launches and a user-friendly trading experience. As such, its fee structure is critically important as it influences both the accessibility of the exchange for novice users and the overall cost-effectiveness of trading on the platform.

Trading Commissions on P2B

P2B’s trading fees are structured to be competitive, though not the lowest in the industry. This strategic pricing is crucial in balancing the need to attract new users while maintaining a sustainable business model that supports high-level security measures and robust customer service. The exchange typically charges a percentage fee on each trade, which is around the industry average. This fee structure is transparently communicated on P2B’s website, ensuring that traders can easily find and understand the costs associated with their trading activities. This transparency helps build trust and enables users to make informed decisions about their trading strategies without worrying about unexpected charges.

Hidden and Ancillary Fees

Beyond the basic trading fees, P2B also imposes fees for deposits and withdrawals, which can vary depending on the method used. For example, withdrawals in certain cryptocurrencies may incur a network transfer fee that is typical of many exchanges but can be a surprise for new users not familiar with blockchain transactions. Deposit fees, particularly through third-party services like credit card processors, can also vary. These fees are necessary to cover the costs imposed by external service providers and are generally in line with what is seen across the industry. However, they can add up and should be considered by anyone looking to use P2B as their primary trading platform.

Comparison with Industry Standards

When placed in the broader context of the cryptocurrency exchange market, P2B’s fees are moderate. Some leading exchanges offer lower trading fees but may not provide the same level of customer service or security features. In contrast, exchanges with higher fees often justify these costs with a wider range of trading tools and more advanced features. For a new trader, P2B’s fee structure offers a good balance between cost and features, making it an attractive option for those looking to enter the market. However, high-volume traders or those looking for the lowest possible fees might find more attractive options elsewhere.

Potential Areas for Improvement

While P2B’s fee structure is competitive, there is room for improvement, especially if the platform wishes to attract a broader user base. Introducing a tiered fee structure that rewards high-volume traders with lower transaction fees could help retain active users and attract a more diverse group of traders. Additionally, more clarity could be provided regarding the specific conditions under which certain fees apply. This would help in reducing the surprise factor for new users who might not be fully aware of conditions like minimum withdrawal limits or the higher fees associated with some exotic currencies.

Conclusion: A Balanced Fee Approach

In conclusion, P2B offers a fee structure that supports its mission to provide a secure and user-friendly trading environment for newcomers to the cryptocurrency world. Its fees are reasonable and are balanced by the level of security and customer support it provides. However, as the exchange evolves, continuing to refine this fee structure to adapt to the changing needs of its user base will be key to its ongoing success. For any potential user, understanding this fee structure is crucial in making informed trading decisions, particularly when starting out. While P2B might not offer the lowest fees, its comprehensive approach to user experience, security, and transparency makes it a worthwhile consideration for those new to trading cryptocurrencies.

Product selection

P2B Exchange offers a range of services and products tailored primarily for newcomers to the cryptocurrency space, focusing on ease of use and access to new markets. It provides a platform for trading a variety of digital currencies, emphasizing user-friendly features that facilitate easy navigation and trading. One of the standout offerings of P2B is its focus on new token launches, which allows traders to participate in early-stage cryptocurrency projects. Additionally, P2B ensures a high level of security with 96% of assets stored in cold wallets, alongside robust customer support to assist users with their queries and concerns. However, it lacks some advanced trading tools and broader crypto-to-crypto trading pairs, which might limit its appeal to more experienced traders looking for comprehensive trading functionalities. Despite this, P2B remains a solid choice for those entering the crypto market, providing a secure and straightforward platform to start trading digital currencies.

Pros

Early Access to New Tokens: P2B provides its users with unique access to new token launches, allowing them to invest in promising projects from their inception. This can offer significant growth potential and the opportunity to discover under-the-radar assets before they gain mainstream attention.
High-Level Security: With 96% of assets stored in cold wallets, P2B ensures top-notch security for its users. This storage strategy greatly minimizes the risk of hacking and unauthorized access, making it a safe platform for trading and holding cryptocurrency.
User-Friendly Interface: Designed with beginners in mind, P2B offers an intuitive and straightforward interface that simplifies the navigation and trading process. This approach helps reduce the learning curve for new users entering the complex world of cryptocurrency trading.

Cons

Limited Advanced Trading Tools: P2B's focus on simplicity comes at the cost of advanced trading functionalities. Experienced traders might find the platform lacking in sophisticated tools such as detailed charting options, algorithmic trading capabilities, and risk management features that are available on other platforms.
Restricted Trading Pairs: The exchange primarily focuses on new and emerging tokens, which can limit traders who are interested in more established cryptocurrencies or a wider variety of crypto-to-crypto trading pairs. This focus might restrict the trading strategies of users looking to diversify their portfolios across a broad spectrum of digital assets.

Read more about product selection in P2B

Introduction

P2B Exchange is a versatile platform that caters primarily to newcomers in the cryptocurrency trading sector. It offers a wide array of services and products designed to simplify the entry into the world of digital currencies while ensuring robust security and user-friendly interfaces. Below, I’ll detail the extensive range of offerings provided by P2B.

Services and Products

Leveraged Tokens: P2B offers leveraged tokens which allow traders to gain greater exposure to the price movements of cryptocurrencies without the complexities of managing traditional leverage. These tokens can amplify both potential gains and risks, making them suitable for experienced traders looking for higher returns.
Debit Card: While P2B does not currently offer a crypto debit card, this feature, if implemented, would allow users to spend their cryptocurrency holdings directly, converting crypto to fiat in real-time during a purchase.
Mobile App: P2B’s mobile app is designed for traders who prefer managing their transactions on-the-go. It mirrors the simplicity and functionality of the desktop version, ensuring a seamless trading experience from any location.
Your Own Cryptocurrencies: P2B doesn’t have its own native cryptocurrency, but it supports a range of other popular and emerging tokens, particularly focusing on offering new coins through initial coin offerings (ICOs).
Launchpad: The P2B Launchpad is a platform feature that allows new cryptocurrency projects to raise capital and engage with early investors. This service is particularly attractive for users interested in getting early access to new tokens.
Staking: P2B provides a staking feature, where users can lock their cryptocurrencies to receive rewards. Staking helps secure the network and in return, stakers earn interest on their staked assets.
Liquid Swap: This service allows users to swap between different cryptocurrencies instantly and often with lower fees compared to traditional exchange methods. It uses a liquidity pool instead of a traditional market of buyers and sellers.
Promotions and Referral Codes: P2B runs various promotional campaigns and offers referral codes that users can share with friends and family. When a new user signs up using a referral code, both the referrer and the new user receive a bonus, enhancing user engagement.
Tournaments and Leverage: Periodically, P2B hosts trading tournaments with prizes to incentivize users. The platform also offers leveraged trading, which allows users to borrow money to increase their trading position and potential returns.
Demo Account: For beginners, P2B provides a demo trading account where users can practice trading with virtual money. This feature is crucial for new traders to gain experience without risking actual capital.
Futures and Derivatives: While more common in advanced trading platforms, P2B plans to integrate futures and derivatives trading, which would allow for betting on the future prices of cryptocurrencies without actually owning them.
Wallet: P2B offers a digital wallet service where users can store, send, and receive various cryptocurrencies securely. The wallet integrates with the trading platform for seamless transitions between trading and storage.
API Access: For developers and professional traders, P2B provides API (Application Programming Interface) access, enabling the automation of trading strategies and integration with custom software tools.
Research and Education: Understanding the need for informed trading decisions, P2B offers resources for research and educational content aimed at helping users understand market trends, trading techniques, and the fundamentals of cryptocurrencies.
Yielding Pools and Earn Opportunities: These features allow users to invest their digital assets in different pools to earn interest, similar to a traditional savings account but with potentially higher returns.

Conclusion

P2B Exchange stands out for its commitment to simplifying cryptocurrency trading for newcomers while still offering a range of advanced features for seasoned traders. From its intuitive mobile app and user-friendly platform to its innovative services like launchpad and staking, P2B caters to a broad spectrum of financial needs and preferences. As the platform continues to evolve, it remains a compelling choice for anyone looking to enter or expand their presence in the cryptocurrency market.

Account opening

Initially, potential users are required to visit the P2B website where they can sign up by providing basic personal information such as their name, email address, and a strong password. Following this, a verification email is sent to confirm the user’s identity and secure their account. Once the email verification is complete, users are prompted to enhance their account security by setting up two-factor authentication (2FA), which adds an extra layer of protection against unauthorized access. The final step involves completing a Know Your Customer (KYC) process, where users must submit identification documents such as a passport or driver’s license. This step is crucial for compliance with regulatory requirements and helps prevent fraudulent activities. After these steps are satisfactorily completed, the user is ready to deposit funds, explore the trading platform, and start trading a variety of cryptocurrencies offered by P2B.

Pros

Simplicity and Speed: The account opening process on P2B is designed to be straightforward and quick, allowing new users to set up their accounts with minimal hassle. This is particularly appealing to beginners who may not be familiar with the typical complexities associated with registering on cryptocurrency exchanges.
Enhanced Security Measures: By incorporating two-factor authentication (2FA) as a part of the account setup, P2B ensures an added layer of security right from the beginning. This helps protect users against potential security breaches and unauthorized access to their accounts.
Regulatory Compliance: The KYC verification step reinforces the exchange's commitment to regulatory compliance and anti-fraud measures. This not only secures the platform but also builds trust among users by aligning with international financial standards.

Cons

KYC Complexity: The KYC process can be cumbersome and time-consuming, particularly for users who are eager to start trading immediately. This mandatory step may deter potential users who prefer anonymity or are unwilling to share personal documentation online.
Barrier to Quick Access: For users looking to trade instantly, the verification process (including email verification and KYC) may introduce delays. This could be seen as a barrier for those who value rapid access to trading markets, especially in high-volatility scenarios where quick action is required.

How to Sign Up on P2B Exchange

Signing up on P2B is a streamlined process designed for ease of use:

Visit the Website: Start by navigating to the P2B Exchange official website.
Register: Click on the “Sign Up” button usually located at the top right corner of the homepage.
Fill Out the Form: Enter your email address, choose a strong password, and provide any other required information such as your full name.
Email Verification: After submitting the form, check your email for a verification link sent by P2B. Click on this link to verify your email address.
Enable 2FA: Once your email is verified, log in to your account and set up Two-Factor Authentication (2FA) for added security.

Opening An Account

After signing up, the next step is to complete your account setup:

Complete KYC (Know Your Customer): Access the KYC section from your account dashboard and upload the required documents, such as a government-issued ID and proof of address. This step is crucial for compliance with financial regulations and to ensure the security of your transactions.
Wait for Approval: The verification process may take a few hours to a few days. Once approved, you’ll receive a confirmation email.

How to Buy Your First Cryptocurrency

Purchasing your first cryptocurrency on P2B is straightforward:

Log In and Navigate: Log into your account and go to the trading section of the platform.
Select a Market: Choose the cryptocurrency you wish to purchase and the corresponding fiat currency or crypto pair.
Place an Order: Enter the amount you wish to buy and place a buy order. You can choose from different order types, such as a market order (buy at the current market price) or a limit order (set a price at which you want to buy).
Execute the Transaction: Confirm the details and execute your transaction. The purchased cryptocurrency will appear in your P2B wallet.

Account Types P2B offers different types of accounts tailored to various user needs:

Basic Account: Requires email verification only. Allows access to basic trading features and limited withdrawal amounts.
Verified Account: Requires completing the KYC process. This account type offers higher withdrawal limits and access to a broader range of services.
Professional Account: For high-volume traders, offering even higher limits and advanced trading tools. Requires additional verification and proof of trading history.

How to Use P2B?

Using P2B is designed to be intuitive:

Dashboard Navigation: Familiarize yourself with the dashboard where you can access various functions like trading, deposits, withdrawals, and account settings.
Trading Interface: Use the trading interface to analyze charts, check market trends, and execute trades.
Security Features: Regularly update your security settings, check transaction histories, and ensure your 2FA is active.

Registration and KYC

Registration: The registration process involves providing personal details and setting up login credentials.
KYC: The KYC process is crucial for unlocking full account functionalities, including higher transaction limits and withdrawal capabilities. It involves uploading identification documents and possibly a recent utility bill for address verification.

The next step after setting up and verifying your account is to deposit money into your account, which we will discuss in the next section. This involves transferring funds from your bank or another wallet into your P2B account, enabling you to start trading.

Security

P2B Exchange prioritizes robust security measures to ensure the safety of its users’ assets and data. The platform secures 96% of all crypto assets in cold wallets, which are offline storage systems that significantly reduce the risk of hacks and unauthorized access. Additionally, P2B incorporates two-factor authentication (2FA) across its platform, adding an extra layer of security at login and withdrawal points to prevent potential breaches. For further protection, the exchange employs the latest encryption technologies to safeguard sensitive user information and transaction data. These comprehensive security protocols are indicative of P2B’s commitment to maintaining a secure trading environment, making it a trustworthy choice for traders looking to minimize risks in their cryptocurrency ventures.

Pros

Robust Cold Storage: P2B secures 96% of all crypto assets in cold wallets, which are offline and less vulnerable to hacking and unauthorized access. This high percentage of assets in cold storage significantly enhances the security of funds.
Two-Factor Authentication (2FA): The implementation of two-factor authentication for accessing accounts and processing withdrawals adds an essential layer of security, safeguarding against unauthorized access and enhancing user account security.
Advanced Encryption: P2B uses state-of-the-art encryption techniques to protect sensitive data transmission across the platform. This ensures that personal and transaction data are encrypted and secure from interception or breaches.

Cons

Limited Security Features for Advanced Users: While P2B provides solid basic security measures, it may lack more advanced security options that seasoned traders might expect, such as IP whitelisting, anti-phishing measures, or customizable withdrawal address whitelists.
Transparency on Security Protocols: There is a potential lack of detailed transparency regarding the full range of security measures and operational risk assessments. Users who are particularly security-conscious might seek more in-depth disclosures about security infrastructure and breach incident reports.

Is P2B Legit?

Yes, P2B is a legitimate cryptocurrency exchange that operates with a commitment to security and compliance. It adheres to various regulatory standards designed to protect users and ensure fair trading practices.

Regulation and Licensing

P2B adheres to the regulatory frameworks of the jurisdictions in which it operates. While specific licensing details may vary based on location, P2B works diligently to comply with all applicable laws and regulations, ensuring that it meets international standards for financial services. This regulatory compliance helps safeguard users’ investments and maintains the exchange’s integrity.

Is P2B Safe?

P2B employs multiple layers of security to protect its platform and users:

Cold Storage: As mentioned, 96% of all crypto assets are stored in cold wallets. This method of offline storage significantly reduces the risk of hacks and theft, as the assets are not accessible via the internet.
Two-Factor Authentication (2FA): This additional security layer requires users to verify their identity through two different methods before accessing their accounts or making transactions, enhancing account security.
Encryption: High-level encryption protects sensitive data transmitted to and from the exchange, ensuring that personal and transaction information remains secure from cyber threats.
Regular Audits: To further bolster trust and security, P2B undergoes regular security audits conducted by third-party cybersecurity firms. These audits help identify and mitigate potential vulnerabilities.

Security History

Historically, P2B has maintained a strong security record with no significant breaches or losses of funds. This track record is a testament to the effectiveness of its security measures and its commitment to protecting user assets.

Why It Is a Secure Crypto Exchange

The combination of strict regulatory adherence, robust security protocols like cold storage and encryption, and a clean historical security record make P2B a secure platform for cryptocurrency trading. The exchange’s proactive approach to security, regular updates, and transparency about its practices further contribute to its reputation as a safe and reliable place to trade digital assets.

Mini Conclusion

In conclusion, P2B stands out as a secure and legitimate crypto trading platform that prioritizes user safety through comprehensive security measures and strict regulatory compliance. While no platform can be 100% immune to all cyber threats, P2B’s diligent approach to security minimizes risks and provides a trustworthy environment for its users. If any aspect of P2B was not considered safe, it would likely be due to a lack of transparency in its security operations or failure to keep up with the evolving nature of cybersecurity threats, which is not currently the case with P2B.

Customer service

P2B Exchange places a strong emphasis on customer service, providing a comprehensive support system that is geared towards ensuring a satisfactory user experience. The platform offers multiple channels for customer support, including email, live chat, and a detailed FAQ section that addresses common issues and queries. This multi-channel approach ensures that users can access assistance promptly and conveniently. Additionally, P2B has implemented a feedback mechanism where users can report their concerns and experiences. This feedback is regularly reviewed and used to improve the service. Reports from customers generally praise the responsiveness and helpfulness of the support team, highlighting their effectiveness in resolving issues efficiently. The dedicated customer service team and the proactive approach to handling customer feedback underscore P2B’s commitment to maintaining a user-centric trading environment.

Pros

Multiple Support Channels: P2B provides a variety of ways for users to seek assistance, including email, live chat, and a comprehensive FAQ section. This accessibility ensures that users can choose the support method that best fits their preferences and needs.
Responsive Support Team: P2B is known for its responsive customer support team that addresses queries and resolves issues promptly. This quick response time is crucial in the fast-paced environment of cryptocurrency trading, where resolving issues efficiently can impact a user's trading experience and outcomes.
Proactive Feedback Utilization: The exchange actively encourages feedback from its users and incorporates this feedback to improve its services. This ongoing commitment to enhancement based on user experiences helps in refining the platform and fostering a more user-friendly trading environment.

Cons

Limited 24/7 Support: While P2B offers multiple channels for support, they may not provide 24/7 assistance, which can be a drawback for users trading in different time zones or those who encounter issues during off-hours.
Potential for Automated Responses: In some instances, the reliance on automated responses or generic replies can frustrate users who are seeking more personalized assistance or have complex issues that require detailed attention. This can lead to dissatisfaction among users who feel their specific needs are not being adequately addressed.

Customer Support

P2B Exchange is dedicated to providing a robust customer support system designed to swiftly address and resolve user inquiries and issues. The exchange prioritizes efficient communication and problem-solving to ensure a seamless trading experience for all users.

Reputation and Customer Feedback

The reputation of P2B’s customer service is generally positive, with users frequently citing the helpfulness and responsiveness of the support team. Feedback from users highlights the team’s competence in dealing with a range of issues from account management to transaction-specific inquiries. This positive reputation is bolstered by testimonials and reviews across various platforms where traders discuss their personal experiences with the exchange’s support.

Methods of Contact

P2B offers several methods for users to reach out to their support team:

Email: A direct and official way to communicate, suitable for detailed inquiries where users may need to attach documents or screenshots.
Live Chat: Available directly on the platform for real-time assistance during trading hours. This feature is particularly useful for urgent issues that need immediate attention.
Social Media: P2B maintains active social media profiles where users can send messages. These platforms are also used for announcements and updates.
FAQ Section: For self-help, P2B provides a comprehensive FAQ section that covers a wide range of topics, allowing users to quickly find answers to common questions without waiting for a response.

Response Time

P2B aims to maintain a swift response time. Emails are typically answered within 24 hours, while live chat and social media inquiries often receive quicker responses, usually within a few hours or instantly depending on the availability of the support staff. The exchange strives to keep wait times as short as possible to maintain a high level of user satisfaction and operational efficiency.

Additional Considerations for Users

Users considering P2B should be aware of the platform’s dedication to continuous improvement in customer service. The exchange often updates its support resources and training to adapt to new market developments and user needs. Additionally, for non-urgent and detailed queries that require thorough investigation or documentation, using email support is advisable. Users should also take advantage of the FAQ and help sections to resolve common issues, saving time and effort. Overall, P2B’s customer service framework is structured to support a positive trading experience by being accessible, responsive, and user-focused, ensuring that traders can use the platform with confidence and receive the help they need when they need it.

Is p2b Right for You?

Beginner-Friendly Platform: P2B is particularly suited for newcomers to the cryptocurrency market. If you’re just starting out and prefer a platform that simplifies the trading process with an easy-to-navigate interface, straightforward trading options, and access to customer support that can guide you through your initial transactions, P2B might be a great fit for you.
Interest in New Cryptocurrencies: P2B focuses on providing access to new token launches and ICOs. If you are an investor interested in exploring emerging cryptocurrencies and enjoy being part of new blockchain projects from the ground up, P2B offers unique opportunities that might not be available on more established exchanges.
Security-Conscious Users: With robust security measures in place, including 96% of assets stored in cold wallets and mandatory two-factor authentication, P2B prioritizes the safety of your investments. If security is a top concern for you when choosing a trading platform, P2B’s emphasis on protecting user assets could make it the right choice for your trading activities.

By evaluating these points in relation to your personal trading style, risk tolerance, and investment goals, you can make an informed decision on whether P2B aligns with what you’re looking for in a cryptocurrency exchange.

P2B compared to other crypto exchanges

Threenvest score

4,3

Fees

0,20%

US Legal

Yes

Security

High 4,9/5

Investing risks losing your money

Threenvest score

4,9

Fees

0,40%/0,60%

US Legal

Yes

Security

High 4,9/5

Investing risks losing your money

Coinbase

Threenvest score

4,9

Fees

US Legal

Yes

Security

High 4,9/5

Investing risks losing your money

Available cryptocurrencies and countries available

Cryptocurrencies Available on P2B

P2B Exchange offers a diverse range of cryptocurrencies, catering especially to those interested in early access to new and emerging tokens. Among the popular cryptocurrencies available for trading are Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), alongside various altcoins and tokens from recent Initial Coin Offerings (ICOs). This wide selection provides ample opportunities for both seasoned traders and those new to cryptocurrency markets.

Main Cryptocurrencies Not Available

While P2B supports a broad array of digital assets, some notable cryptocurrencies like Ripple (XRP) and Cardano (ADA) may not consistently be available, especially if they do not align with the exchange’s focus on newer projects. Traders looking specifically for such established tokens might need to consider other platforms if these are not featured on P2B.

Countries Where P2B Is Available

P2B operates in a multitude of countries, providing services across various continents including Europe, parts of Asia, and Africa. The platform is designed to comply with local regulations in each jurisdiction, ensuring a secure and regulated trading environment for its users.

Important Countries That Cannot Open an Account

However, there are significant restrictions in place for users from certain countries due to regulatory reasons. Notably, residents of the United States and Canada are not permitted to open accounts on P2B. Additionally, other countries that face stringent financial regulations or are under international sanctions might also find access restricted. This limitation can be a critical consideration for potential users located in these regions.

Conclusion

P2B Exchange’s selection of available cryptocurrencies and operational reach makes it a versatile platform for global users interested in new market opportunities. However, the absence of certain major cryptocurrencies and restrictions in key countries like the US and Canada could influence the decision of potential users evaluating the suitability of P2B for their trading needs. Those interested should verify the availability of their preferred cryptocurrencies and the legal eligibility within their own countries before opting to trade on P2B.

Main cryptocurrencies available

Bitcoin (BTC)
Ethereum (ETH)
Litecoin (LTC)
Binance Coin (BNB)
Polkadot (DOT)
Solana (SOL)
Chainlink (LINK)
Uniswap (UNI)
Dogecoin (DOGE)
Shiba Inu (SHIB)

Main countries where you can open an account

United Kingdom
Germany
France
Italy
Spain
Netherlands
Switzerland
Russia
Australia
New Zealand
Brazil
India
South Africa
Japan
South Korea
Singapore
Malaysia
United Arab Emirates
Saudi Arabia
Turkey
Thailand
Philippines
Indonesia
Vietnam

FAQs

1. What is P2B Exchange?

P2B Exchange is a cryptocurrency trading platform that emphasizes accessibility for newcomers and offers a wide range of cryptocurrencies, including early access to new token launches. The platform is designed with user-friendly interfaces and robust security measures to facilitate safe and straightforward trading experiences.

2. How do I open an account with P2B?

To open an account on P2B, visit their website and click on the “Sign Up” button. Fill in the required fields with your email, a strong password, and any additional information requested. Verify your email through the link sent to your inbox, set up two-factor authentication for added security, and complete the KYC process by submitting the necessary identification documents.

3. Which countries are allowed to open an account on P2B?

P2B serves a wide range of countries across Europe, Asia, and beyond, including the UK, Germany, Australia, India, and Japan. However, due to regulatory restrictions, residents from the United States, Canada, North Korea, Iran, Syria, Cuba, and Crimea are unable to open accounts.

4. What types of cryptocurrencies can I trade on P2B?

You can trade various cryptocurrencies on P2B, including major coins like Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), as well as a variety of altcoins and newly launched tokens that are typically not available on more established platforms.

5. What security measures does P2B implement to protect users?

P2B prioritizes security with 96% of assets stored in cold wallets, the implementation of two-factor authentication (2FA), and state-of-the-art encryption technologies to protect user data and transactions from unauthorized access and cyber threats.

6. Are there any fees associated with trading on P2B?

P2B charges a trading fee which is competitive within the industry, though specifics may vary based on the transaction type and market conditions. Deposits generally have low fees, but withdrawal fees can vary, especially for less common payment methods or when dealing with international transactions.

7. How can I contact customer support if I have an issue?

P2B offers several channels for contacting customer support, including email, live chat, and social media platforms. For immediate assistance, live chat is recommended. The platform also has a comprehensive FAQ section that can provide quick answers to common questions.

Final opinion on P2B

As Threenvest analyzes P2B Exchange, it’s clear that the platform stands out for its beginner-friendly approach and robust security measures, making it an ideal choice for newcomers to the cryptocurrency market. P2B’s focus on accessibility is evident in its straightforward user interface and the comprehensive support provided to users, from account setup through to trade execution. The exchange’s dedication to security, with 96% of assets stored in cold wallets and rigorous implementation of two-factor authentication, reassures users that their investments are well-protected against potential threats. Moreover, P2B’s unique selling point of providing early access to new tokens presents a valuable opportunity for users looking to invest in emerging projects that may not be available on other platforms.

However, when compared to larger, more established exchanges, P2B does show some limitations, particularly in the range of advanced trading tools and the variety of established cryptocurrency pairs. These aspects may deter more experienced traders seeking depth and a broad market reach. Additionally, the geographical restrictions, excluding significant markets like the United States and Canada, could limit the exchange’s growth potential and user base. Overall, while P2B offers a secure and user-friendly environment for beginners and those interested in new cryptocurrency ventures, its appeal might be less for veteran traders or those looking for a more extensive trading ecosystem. Threenvest recognizes that P2B is making strides in the right direction but may need to broaden its features and regulatory compliance to compete at a higher level on the global stage.

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.

Do not invest unless you are fully prepared to lose the entire amount of your investment. This is a high-risk activity, and you should not rely on any guarantees of protection if something goes wrong.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.

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