P2B Review 2024 – Fees, Features, Pros & Cons
Founded in 2018, P2B quickly became one of the fastest-growing crypto exchanges. While the exchange offers nearly 200 active trading pairs, including top assets like BTC and ETH, its appeal centers on new token launches, with over 2,000 new crypto launches to its credit already.
In this P2B review, we’ll explore this growing cryptocurrency trading platform, discussing fees, pros and cons, and usability.
Our Verdict on P2B
The P2B exchange offers basic trading for hundreds of cryptocurrencies but also serves as a launchpad for new projects that need fundraising or a platform to promote and provide trading liquidity for new cryptos. Payment methods are limited compared to other exchanges. However, the exchange supports deposits for a wide range of cryptocurrencies, making it a solid choice for experienced traders looking for newer tokens.
Pros
- P2B offers a wide range of cryptocurrencies, including many hard-to-find tokens.
- Airdrops, trading competitions, and project-led earning pools offer additional ways to profit.
- P2B offers lower trading fees compared to Coinbase Advanced or basic-trade fees on many other platforms.
- Withdraw up to $1,000 (or crypto equivalent) daily without identity verification.
Cons
- Limited funding options make P2B better suited to experienced traders who can transfer crypto to the platform.
- The platform doesn’t explain risks or the source of yields for Earning products.
What P2B Does Well
New token launches: Its focus on new token launches makes P2B well-suited to bargain hunters who want to get in on new projects early.
Low-cost trading: You’ll pay just 0.2% for either limit or market orders, a fraction of the trading cost on Coinbase advanced, which charges 0.8% for market orders (0.6% for limit orders). Additional discounts based on trading volume can reduce trading costs further.
Easy-to-use platform: P2B offers an advanced trading platform that lets you trade with precision, but without the complicated controls you’ll find on other exchanges. P2B does not offer margin trading or futures, the absence of which simplifies trading screens on the platform.
P2B Overview
| Category | Our Rating | Comment |
| Number of coins: 186 |
4 out of 5 stars | P2B offers 300+ USDT-based trading pairs, 186 of which have trading volume. |
| Trading fees: 0.2% market or limit orders |
4.8 out of 5 stars | To buy $100 worth of bitcoin, you’ll pay just $0.20. |
| User experience: | 4.2 out of 5 stars | P2B offers a beginner-friendly platform, but funding your account can be more challenging. |
| Staking: | 3.5 out of 5 stars | Earning with P2B can provide high yields but needs better disclosure. |
| Top features: | 4.0 out of 5 stars | Top features include access to new tokens, airdrops, and hard-to-find tokens. |
| Trustworthiness: | 3.9 out of 5 stars | P2B’s Trustpilot score remains higher than competing exchanges like Coinbase, although lower than eToro. |
| Customer service | 4.1 out of 5 stars | Support is available through the chatbot or a Zendesk ticket system. |
Cryptocurrencies Available for Trading on P2B
As a top-ten exchange for liquidity (assets available for trading), P2B competes with well-known exchanges like Coinbase and Kraken in regard to the number of tradable cryptos on the platform. The exchange boasts 186 USDT trading pairs with daily volume but also offers dozens of trading pairs based on BTC or ETH and other altcoins.
What is an Altcoin?
Altcoins refer to cryptocurrencies besides Bitcoin. Ethereum’s token, Ether, would be one example, although there are thousands of altcoins now available.
P2B Top USDT Trading Pairs
- BTC/USDT
- ETH/USDT
- MATIC/USDT
- BNB/USDT
- SOL/USDT
- AVAX/USDT
- DOT/USDT
- ADA/USDT
- LTC/USDT
- BCH/USDT
- SHIB/USDT
P2B Top BTC Trading Pairs
- CFT/BTC
- ETH/BTC
- BNB/BTC
- BDX/BTC
- CPC/BTC
Spot Trading Fees on P2B
Trading fees are based on trailing 30-day volume. P2B’s base tier (LVL 0) applies for traders with less than 1 BTC in 30-day trading volume. At the base tier, the cost for limit orders (maker fee) and market orders (taker fee) are both 0.2%, which compares well with exchanges like Kraken, which charges a 0.26% taker fee and 0.16% maker fee.
| Volume Tier | Maker Fee | Taker Fee |
| LVL 0 (less than 1 BTC) | 0.2% | 0.2% |
| TLVL 1 (1 BTC up to 5 BTC) | 0.19% | 0.18% |
| LVL 2 (5 BTC up to 10 BTC) | 0.18% | 0.16% |
| LVL 3 (10 BTC up to 25 BTC) | 0.17% | 0.14% |
| LVL 4 (25 BTC up to 75 BTC) | 0.16% | 0.12% |
| LVL 5 (75 BTC up to 100 BTC) | 0.15% | 0.10% |
| LVL 6 (100 BTC up to 150 BTC) | 0.14% | 0.08% |
| LVL 7 (150 BTC up to 300 BTC) | 0.13% | 0.06% |
| LVL 8 (300 BTC up to 450 BTC) | 0.12% | 0.04% |
| LVL 9 (450 BTC up to 500 BTC) | 0.11% | 0.02% |
| LVL 10 (500 or more BTC) | 0.10% | 0.01% |
Levels are updated daily based on 30-day trading volume.
What Is Spot Trading?
Spot trading refers to crypto trades in which you take delivery of the asset. On the P2B exchange, this means you’ll hold the crypto you trade in your wallet on the exchange. You can also move your crypto off the exchange to a self-custody wallet. The term spot trading gets its name from the value of an asset right here and now, or “on the spot.”
P2B Trading Experience
Trading on P2B is straightforward. However, the platform separates buying from trading. Buying crypto on the platform refers to loading your account with USDT or one of five other cryptocurrencies using a third-party provider. Current choices include MoonPay and Simplex.
Available cryptos for purchase:
- USDT
- BTC
- ETH
- DOGE
- TRX
- LTC
USDT supports the most trading pairs (currently 186).
Of the two third-party crypto providers, Simplex offered the lowest advertised fees, although Simplex charges a minimum fee of $10.
Of note, the quoted rate (about 2%) was inaccurate, and actual buying costs approached 11%. Verify fees before purchasing, as fees and exchange rates can change with market conditions. Minimum charges apply.
As a more cost-effective alternative, P2B supports crypto deposits. If you have crypto elsewhere you want to transfer to the platform, P2B does not charge a deposit fee. Crypto network fees apply, however. Several low-cost networks like TRON and Polygon are supported for transfers in addition to Ethereum or Bitcoin.
How Do Crypto Transfers Work?
Crypto exchanges like P2B allow you to transfer crypto from another exchange or a self-custody crypto wallet. To transfer crypto, visit the deposits page from the Wallet menu and select the cryptocurrency you want to transfer. P2B will provide a wallet address and the blockchain to use for that specific cryptocurrency. Then, initiate the transfer using your wallet or another exchange using the address and blockchain information provided by P2B.
Trading for funded accounts proved intuitive, and the platform should be easy to use even if you’ve never used an advanced trading platform.
Full-screen TradingView charts with 102 chart indicators provide insight into market action.
P2B also provides a trading tutorial video linked from the trade screen, which includes a walk-through on moving crypto from your main account to your trading account and then completing a limit order.
Mobile App
P2B’s mobile app parallels the features found on the web app. An ever-present chat icon provides easy access to a P2B support bot that offers links to help pages based on your question.
We experienced occasional sluggishness with the mobile app, although trades and charts worked well, allowing full-screen horizontal viewing of charts.
Like the web app, buying and selling on the mobile app is intuitive, making the platform well-suited to beginners or experienced users.
Staking and Yields on P2B
The P2B exchange offers several ways to earn a yield on top cryptos like BTC, ETH, and USDT, as well as newer tokens like ZNX and EMMI.
Choose from three ways to earn a yield.
- Earning Pool: These are promotional offerings with rules determined by the token issuer. Locking periods and deposit requirements vary by offer.
- Flexible Earning: Deposit to earn a yield on top cryptos. Enjoy daily earnings and the ability to withdraw at any time.
- Locked Earning: Commit to a clock period of 7, 14, 30, or 90 days to earn a higher yield.
P2B requires identity verification to participate in Earning programs. Availability varies by region.
P2B Payment Methods
The P2B exchange supports several payment methods.
Crypto deposits:
- MoonPay (credit and debit cards)
- Simplex (credit and debit cards)
- Crypto wallet transfers (BTC, ETH, and hundreds of others)
Fiat deposits:
- AdvCash (not available in the US)
- PAYEER (not available in the US)
Expect payment fees of 3.5% to 5% – or higher – when using third-party providers like MoonPay or Simplex.
Minimum Deposit
While P2B does not have a minimum deposit for crypto deposits, third-party providers have minimum transaction requirements.
- MoonPay: $30
- Simplex: $50
Withdrawal Times
P2B supports USD withdrawals through Payeer or AdvCash. However, neither platform supports US users. AdvCash supports GBP and Euro withdrawals.
| Withdrawal Method | Withdrawal Time |
| Payeer | Typically instant |
| AdvCash | Up to three business days |
| Crypto network | Transfer time varies by network; BTC, for example, completes in about 1 hour. |
P2B Customer Support
Both the web app and mobile app feature a chat icon that connects to a chatbot that can point you to help pages. Typing “agent” in the chat opens an email prompt and an opportunity to describe your question or issue in detail. Expect a reply within 24 hours. We reached a friendly live agent within a few minutes as part of our P2B review.
The exchange also offers a telegram community where you can ask questions, and a Zendesk support portal offers FAQs and ways to reach out.
P2B was responsive via email, although the exchange does not offer a way to reach out by phone.
P2B reviews on Trustpilot earn a 3.0 out of 5 TrustScore for the exchange, which is higher than Kraken (2.1 out of 5) but lower than eToro (4.4 out of 5).
Customers on Trustpilot commented on withdrawals and similar issues, although most of the reviews were over two years old.
P2B Licensing & Security
P2B is headquartered in Lithuania and hosts an estimated 6.4 million monthly visitors worldwide, according to web analytics. However, in our review of P2B, we were unable to find any licensing or registrations in major jurisdictions like the FCA in the UK, CySEC in Europe, or FinCEN in the US.
P2B’s Terms of Use state that users should ensure compliance with local laws and regulations when trading, although P2B does block some features, such as token pre-sales and interest-bearing investments based on location.
The exchange implements several security measures, including end-to-end encryption to protect user data and two-factor authentication to secure logins. P2B also states that it uses cold storage for user funds.
CER, a cybersecurity rating platform, rates P2B as AA with an 88.3% overall score. By comparison, both Coinbase and Kraken earn a AAA rating from CER, whereas OKX and MEXC earn an A rating.
According to CER, P2B implements the following security measures and safety features.
- Penetration testing
- Bug bounty
- Insurance
- Proof of funds
CoinGecko, a leading crypto exchange data source, uses CER ratings as part of its TrustScore rating system.
P2B also requires identity verification to comply with KYC (Know Your Customer) regulations. Accounts without KYC cannot withdraw more than $1,000 per day from the platform.
What Could P2B Do Better?
Easier Account Funding
P2B differentiates itself from other exchanges by offering listings for new tokens. This makes the platform more attractive to experienced users who know how to research new projects and make educated buying decisions. Experienced traders can fund their accounts with crypto acquired elsewhere, but the existing ways of funding accounts with fiat currencies like the USD remain a costly option for new traders or traders who need to top up their accounts.
Improved Transparency
Earning with P2B provides a way to earn up to a 100% yield on crypto, but the platform could better explain how yields are generated as well as any risks to the consumer.
Our Methodology
Cryptonews.com is dedicated to providing unbiased reviews of cryptocurrency exchanges and trading platforms so our readers can make informed decisions.
Each exchange is rated based on usability, safety, trading costs, tradable cryptocurrencies, and several other factors. We also consider regulation and licensing, where applicable, insurance, proof or reserves, and similar consumer safety considerations.
Conclusion
In this P2B review, we found P2B to be easy to use, with low trading fees of just 0.2% for both limit and market orders — much lower than competitors like Coinbase. The exchange’s standout features revolve around airdrops and new token listings, making it an attractive option for traders who want to get in on new projects early. Payment options are limited compared to other exchanges, however, again making P2B best suited to traders who already have crypto they can transfer to the platform.
References
- https://p2pb2b.com/blog/earning-with-p2b/
- https://p2pb2b.zendesk.com/hc/en-us
- https://www.trustpilot.com/review/p2pb2b.com
- https://www.trustpilot.com/review/kraken.com
- https://www.trustpilot.com/review/www.etoro.com
- https://p2pb2b.com/terms-of-use/
- https://cer.live/exchange/p2pb2b
- https://cer.live/
FAQs
What are the fees for P2B?
P2B charges a 0.2% trading fee for both limit and market orders with additional discounts available based on volume.
Is P2PB2B a good exchange?
P2B is well-suited to experienced traders who want access to newer tokens or traders who already have cryptocurrency they can transfer to the platform for trading.
How much can I withdraw from P2PB2B?
Users can withdraw up to $1,000 per day without KYC (Know Your Customer) identity verification. Larger withdrawals require proof of identity.
Who is the founder of P2B?
Valerii Solodovnyk founded the P2B exchange in 2018, which originally was called P2PB2B.
