What is P2B?
Launched in 2018, P2B is an exchange that offers more than 900 different cryptocurrency markets, including those of ETH and BTC, with even some support for fiat currencies. And every month, the exchange runs various token sales involving several cryptocurrency and NFT projects.
Moreover, it complies with the primary security requirements of the OWASP Top 10, which is an awareness document that developers or those involved in web application security can adhere to or follow. Also, this OWASP standard is representative of a wide consensus regarding the most vital security risks that web applications can come across.
Other than that, it’s also worth noting that more than 95% of the cryptocurrencies on this exchange are held in cold wallets. Furthermore, it has integrated what’s known as a WAF, or web application firewall, which can aid in the detection or blocking of several hacking attempts.
And, if, by any chance, you want to access services such as growth strategy creation or trading consulting, then you have the Partner Initiative of P2B. Another thing that warrants a mention is that P2B wasn’t always known by its current name. It was on October 3rd, 2022, that its rebranding from P2P B2B had finished.
Who is the founder of P2B?
From what we have gathered, the name that most often pops up within search results when the founder of the P2B cryptocurrency exchange is concerned is Valerii Solodovnyk.
Where is the P2B located?
According to its Crunchbase profile, the exchange is based in Lithuania.
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Therefore, if you sign up for Bybit through the button above, you will get the most discounted fee benefit and participation in a bonus event offering up to $500.
Features of P2B
Since P2B is a cryptocurrency exchange, you will find a few of those standard trading options here. However, they may not be enough in comparison to what you would come across on most exchanges nowadays, with copy, spot, futures trading, and more.
Still, there are earning incentives alongside a couple of other events like trading and holding competitions, airdrops, and referral games that may level the playing field for traders who are looking for some casual trading and want to earn something in the process.
Other than that, the exchange also provides a means to participate in various IDOs (Initial DEX Offerings) and IEOs (Initial Exchange Offerings). Overall, the exchange’s features can be enough if you are only looking to make a few simple trades and earn something from your holdings.
How to Use P2B?
Here, we will be looking at how you can use the services this exchange offers, i.e., highlighting its registration and KYC procedures and how you can place your first order.
Registration
To register for an account on P2B, simply pay its official website a visit and click the Sign-Up button at the top. On the registration page, enter your email address and set up a strong and unique password that you haven’t used on any other trading platform.
Following that, if you have been invited by someone to this exchange, you have the option of entering their referral code. If not, then you can skip this step entirely or just search for one on the web.
One additional thing that you need to input here would be your country of residence, i.e., your location. And finally, just go through its Terms of Service and check the box signifying your agreement. Once you have done all of that, you are done with registration and can move on to KYC.
KYC Verification
Once you have registered on this exchange, you may want to get done with its KYC procedure as well. This is because you might be subjected to withdrawal limits or service restrictions if you don’t.
So, from its homepage, click on your profile tab and select the Get Full Access option to begin verification. Once you do, follow the instructions asked of you, like uploading the relevant documents and taking a selfie.
Once your submissions have been processed by P2B, you will be notified via email of the results. And after your account has been verified, you can finally explore all that this exchange has to offer. However, you will need to deposit some funds on it first, which we will cover below.
Deposit Cryptocurrency
To deposit some funds on this exchange, after logging in, click on the Wallet button on the homepage, and from that drop-down menu, select Add Funds. Select the token you want to deposit and the network for it, after which a deposit address and QR code will be generated.
You can use the deposit address by pasting it into the external wallet or exchange you are transferring your funds from after you have chosen the relevant token and network there too. Also, ensure that you have, in fact, selected identical tokens and networks on both ends; otherwise, your funds will be lost.
Following that, just wait for your transfer to be confirmed on the blockchain, and the funds will be deposited into your P2B account.
Start Trading
To trade on this exchange, just click on the Trade button at the top, which will then direct you to its trading page where you can choose the token you want to trade with. Since it supports a lot of tokens, you might want to utilize its search bar to look for a trading pair that has the token you want.
Currently, it seems like only Market and Limit orders can be placed. So, choose the type of order you want to make after selecting a trading pair, enter the number of tokens you want to buy, and just click the relevant button below to place your order.
P2B Fees
As of this moment, both the maker and taker fees at P2B start at 0.2%. However, these can be reduced even further depending on your 30-day BTC trading volume.
As for deposit and withdrawal fees, while there aren’t any fees charged for making deposits, it isn’t the same for withdrawing; you will incur fees whenever you withdraw, which will vary from token to token. To see the full list of the withdrawal fees charged for every token, just go to Fee Schedule on P2B Exchange | Minimal Commissions (p2pb2b.com).
Conclusion
Currently based in Lithuania and founded in 2018, the P2B cryptocurrency exchange offers a decent selection of cryptocurrencies to engage with. So, if you are interested in what this exchange has to offer in terms of features, such as the chance to earn something from your holdings or to engage in basic cryptocurrency trading, then you will have to create an account first, along with a few other things, all of which we discussed earlier.
P2B Review
Review and basic information of P2B are as follows.
| Crypto Exchange Basics | P2B |
|---|---|
| Official Name | P2B |
| Exchange Representative (Founder) | Valerii Solodovnyk |
| Headquarters Location | Lithuania |
| P2B Launch Date | 2018-01 |
| Number of Tradable Crypto Pairs | 165 Pairs |
| Weekly Visits | 2,206,482 Users |
| Overall Rating | β / 5.0 |
The rating result at the top is the result of Coin-Labs.com's overall evaluation of P2B.
P2B was rated in seven categories: fees, diversity and quality of the services provided, security capabilities, etc.
P2B Fee 2024
The fees charged to you for transactions at P2B are as follows.
| Maker/Taker Fees | P2B Transaction Fees |
|---|---|
| Spot Maker Fee | 0.2% |
| Spot Taker Fee | 0.2% |
| Derivatives Maker Fee | No Service Provided |
| Derivatives Taker Fee | No Service Provided |
The fees shown in the table above are P2B transaction fees charged to a regular user.
P2B Trading Volume
Trading Volumes of P2B are as follows. (Based on CoinMarketCap 2024-10-12 14:41:24 data)
| Trading Volume Items | P2B Trading Volume |
|---|---|
| Daily Trading Volume (24h) | 1,976,367,706,236 KRW |
| Weekly Trading Volume (7d) | 13,287,470,458,825 KRW |
| Monthly Trading Volume (30d) | 58,537,089,502,493 KRW |
| Daily Volume Change (24h) | 9.31% |
| Weekly Volume Change (7d) | 18.76% |
| Monthly Volume Change (30d) | -12.82% |
Communicate with P2B
You can check exchange's messenger and SNS information in the table below.
| Types | URL |
|---|---|
| π¦ Twitter | https://twitter.com/p2b_exchange |
| πΊ Messenger | https://t.me/p2pb2b_io |
FAQs
Who founded P2B exchange?
P2B was founded in 2018 by Valerii Solodovnyk.
Where is P2B located?
Currently, P2B's headquarters is known to be located in the Lithuania.
How many cryptocurrencies are tradable on P2B?
If you join P2B, you can trade a total of 165 crypto pairs.
How much is P2B trading fee?
P2B has a spot maker fee of 0.2% and a taker fee of 0.2%. On the other hand, the maker fee for futures trading is N/A and the taker fee is N/A. Please note that these fees are for regular users, and the higher your membership level within P2B, the lower the fees.
How much is P2B trading volume 24h?
P2B's trading volume 24h is 1,976,367,706,236 KRW. Furthermore, the daily trading volume is showing a 9.31% change from the previous day.
How much is P2B weekly trading volume?
P2B's weekly trading volume is 13,287,470,458,825 KRW, with a total of 2,206,482 users. Furthermore, P2B's weekly trading volume is showing a change of 18.76% from the previous week.
How much is P2B monthly trading volume?
The monthly trading volume of P2B is 58,537,089,502,493 KRW. Furthermore, this month's trading volume is showing a change of -12.82% compared to the previous month.
