Header banner
Revain logoHome Page
revain logo

The Complete Guide to the P2PB2B Exchange

The Complete Guide to the P2PB2B Exchange
  • History
  • P2PB2B Founder
  • P2PB2B Exchange
  • User Registration
  • Depositing and Withdrawing
  • Trading
  • Other Trading Options
  • Fee Structure
  • API Keys
  • Mobile App
  • Security
  • Token Listing
  • Customer Service
  • Regulatory Compliance
  • Referral Program
  • Conclusion

P2PB2B is a cryptocurrency exchange designed to serve the needs of both individual and corporate investors. The Estonian licensed trading exchange was launched in 2018 and has grown significantly over time. In addition, the P2PB2B exchange competes with big names, including Binance, CoinBase, and Huobi, because it accommodates B2B operations, something not found in other exchanges. On top of that, the IEO operations of the exchange allow startups to raise funds for their crypto projects. In essence, the exchange has lived up to its name by showing that it is not focused on individual investors only.

The establishment and massive growth of the P2PB2B exchange have confirmed the recent trend in the crypto ecosystem whereby exchanges originating from small countries get to rival the big names and even take the lead. This is a result of the strict regulations imposed on the exchanges in hitherto leading countries, including China, Korea, and Japan, due to fraud scandals. Therefore, as the authorities in developed countries continue to clamp down on crypto exchanges, analysts indicate that this will favour exchanges like P2PB2B who are registered in small countries.

The exchange currently supports over 300 tokens and 700 crypto-to-crypto and crypto-to-fiat trading pairs. CoinMarketCap data also indicates that P2PB2B exchange has an average trading volume of $39,661,283, placing it in the 51st position in the global market.

History

The history or origin of the exchange has never been made public. Therefore, no information about it can be found on the internet at the time of writing this guide.

P2PB2B Founder

Although the exchange hides most of its business operations, as well as the identity of most team members, reports show that the founder of the exchange is Valerii Solodovnyk. He is the CEO of Partida Services OÜ, which is the name under which the exchange is registered. Valerii holds a B.Sc in Economics from the Kharkiv National University of Economics, and over the years, he has built a wealth of experience working in the financial sector.

His professional experience includes:

  • Telesens: September 2001 to September 2005 (four years, one month).
  • AVEC: Head of Budget Committee. September 2005 to April 2007 (one year, eight months).
  • XXI Century Kharkiv: Chief Financial Officer. June 2007 to April 2017 (nine years, eleven months).
  • Next Chain: Chief Financial Officer. April 2017 to September 2018 (one year, six months).
  • Partida Services OÜ: Chief Executive Officer. September 2018 to Present.

The P2PB2B Exchange

The P2PB2B exchange is a centralised London-based crypto trading platform that caters to the needs of both individual and corporate investors. According to the information on P2PB2B’s LinkedIn page, the exchange claims that it was founded in 2014. P2PB2B is registered in Estonia as Partida Services OÜ, registration number 14572266. The information on P2PB2B’s official website shows that its registered address is Laki 30, 12915, Tallinn, Estonia. Also, the exchange has its headquarters on 3rd Floor, 120 Baker Street, London, England, W1U 6TU and is registered as Partida Technologies LLP, company number OC427053.

Although the exchange claims that its official business operations started in 2014, some reports state otherwise, pointing out that the exchange was launched in 2018. These reports have it that the Partida Services OÜ registered its business name in the Estonian corporate registry in September 2018. Likewise, Partida Technologies LLP also registered with the United Kingdom’s business registry in April 2019. P2PB2B is somewhat shrouded in anonymity; therefore, important information about the exchange is inaccessible to the public.

The primary objective of the exchange is to place more focus on the B2B sector, prompting it to create a favourable atmosphere for companies who wish to do business. On top of that, the website is incredibly intuitive, thereby enhancing the user-friendliness of the exchange. The website features a powerful engine, enabling the swift execution of users’ instructions. Also, the developers of the exchange boast that the website can simultaneously process over 10,000 orders per second.

P2PB2B offers a simple and straightforward registration process. Plus, users can avail themselves of the numerous deposit and withdrawal options to transact easily on the exchange. Another outstanding feature of the platform is the low trading fees and commissions. The exchange uses this as a way to attract new users, leading to its large and fast-growing customer base.

The exchange also features a number of advanced security features, making it possible to protect the data and funds of its customers. Also, the level of security on the P2PB2B exchange meets the standards of the OWASP top 10 list of the most dangerous internet security risks. On top of that, there is a KYC verification process to authenticate the identity of users, helping to check fraud and other malicious activities. Plus, the exchange uses cold wallets, which is the safest way to store digital assets. To this effect, over 96% of the total funds on the exchange are kept in these offline wallets, making it impossible for hackers to break in and steal funds. The P2PB2B exchange also claims that funds have never been stolen from the platform even after experiencing various hack attacks.

Since the exchange accepts traders from different countries around the world, it ensures that there is a team of professional customer service representatives to cater to the needs of the users. The customer service on the exchange supports eight languages, including English, Russian, Chinese, Spanish, German, Indonesian, Japanese, and Korean. Plus, the exchange is looking to have a premium customer service option, whereby each of its premium users would have access to a personal account manager.

With the recent decline in the ICO markets due to fraudulent activities, the exchange currently supports IEOs, thereby presenting better investment opportunities for investors who have lost confidence in ICOs. The P2PB2B exchange always puts startups to tests, thereby ensuring that it selects only high-quality startups to be listed on the platform. Once the project gets listed on the exchange, the developers will start to distribute their security tokens. P2PB2B always ensures that these tokens are linked to the securities of the start-ups, thereby reducing the chances of the distribution of worthless tokens. The exchange is considered to be among the best IEO listing platforms in the crypto space because it has adopted the latest trends and technologies to ensure that investors are kept safe.

In summary, the features that set the P2PB2B exchange apart from other exchanges include:

  • High Performance: The main distinctive feature of P2PB2B is the supersonic processing speed. The developers claim that the website engine can process up to 10,000 transactions per second, as well as one million TCP (Transmission Control Protocol) connections.
  • User-friendly Interface: To enhance communication and website responsiveness, P2PB2B uses a one-page application website, which ensures that every webpage on the exchange loads its elements once. It only downloads additional content if necessary.
  • 24/7 Multilingual Support: The P2PB2B exchange features a professional customer service team, which supports eight languages, including English, Russian, Chinese, Spanish, German, Indonesian, Japanese, and Korean.
  • Versatility and Convenience: Users can take advantage of over 700 crypto-to-crypto and crypto-to-fiat trading pairs to build wealth. Also, the exchange provides easy and straightforward means for traders to make deposits and withdraw funds.
  • Security: P2PB2B employs a Web Application Firewall (WAF) to detect and block any hacking attempts, thereby protecting the data and funds of its users. Plus, about 96% of the funds on the exchange are kept in cold wallets to prevent unauthorised access and theft.

P2PB2B Trading Interface

The P2PB2B exchange features a straightforward and user-friendly trading interface. Users can also take advantage of the Dark Theme option located at the top-right corner of the interface to reduce the light strain on their eyes. Also, there is a Re-arrange Block option that allows traders to customise the entire interface to suit their needs. Here, users can move various windows to different locations on their screen as they see fit.

An advanced Trading View chart can be found on the left-hand side of the interface. It supports six trading time frames, allowing users to toggle between the 15-minute, 30-minute, one-hour, four-hour, daily, and weekly time frames. Trades can also customise their trading chart by clicking on the Settings icon located above the chart. The chart also supports a full-screen option, which is triggered by clicking on the Full Screen icon placed above the chart. On top of that, traders can avail themselves of the more than 30 advanced trading indicators found on the P2PB2B exchange’s trading chart, helping them to carry out better trade analysis and increase profitability. The chart also displays the Open High Low Close (OHLC) values of each candlestick. Plus, traders can view the current market price, daily percentage change in price, as well as the total daily trading volume of each currency pair.

Users can find the market window on the right-hand side of the chart. This window shows the over 700 currency pairs available on the exchange plus their current market price, trading volume, and percentage change in price. It also allows traders to view their trading balance when they click on the Balance option. In addition to this, there is a search panel at the top-right corner of this window, helping users to find their currency pair of choice without any hassles.

The trade execution window is located directly below the trading chart. P2PB2B offers two order types, including limit and market orders, and this window allows a trader to toggle between the two options depending on the type of trade he wishes to place. All the user needs to do is to input his trade parameters and click on the Buy or Sell button to execute.

Furthermore, the trade history panel is located on the right-hand side of the trade execution window. Traders can take advantage of this feature to gain insight into trades taken by other users on the P2PB2B exchange. The trade history panel also allows the trader to view the trade type, timestamp of the trade, execution price and amount of tokens traded.

The My Orders window is also located beside the trade history panel. This window gives information about a user’s personal trade history. With this feature, traders can keep track of their active and closed trades, making it easier for them to journal their trades. Investors on the P2PB2B exchange can also find the order book window directly below the trade execution panel. With the help of this window, traders can find unfilled orders on the exchange and place matching orders to fill them.

User Registration on P2PB2B

The exchange ensures that the registration process is simple and easy, thereby enhancing usability. Like pretty much all exchanges, P2PB2B makes it mandatory for every user to register on the platform before he can be allowed to trade. Also, the P2PB2B exchange uses this avenue to collect and verify traders’ information, allowing them to monitor all activity on the platform and check for fraud.

To register on the exchange, users must first visit the official P2PB2B website. The user must then click on the Register button at the top-right corner of the interface to initiate the registration process. On the next page, the user will be presented with four data fields. The first field is designed to collect the trader’s email address. This email address will serve as a means of communication between the user and exchange, as P2PB2B will be sending information through this medium on occasion.

Users are required to input their password in the second data field. The exchange makes it mandatory for the password to be at least eight characters long. Also, the password must at least have an uppercase character, a lowercase character, a number, and a special character. The third field is the password confirmation field, which enables the users to verify the correctness of their password before signing up. There is also an optional data field provided for users to input a referral ID if they have any, which allows their referrer to earn commission.

When the user completes all the data fields, he must check a box to agree to the terms of service and privacy policy of the exchange, as well as tell the exchange if he is a US citizen/resident or not. After that, he must finally click on the Sign Up button to proceed to the next step.

Next, the user must solve a captcha puzzle to verify that he is not a robot, after which the P2PB2B exchange will send him an email containing a confirmation link. Once the trader clicks on this link, he will be taken to another page, which confirms his registration.

Two-Factor Authentication

Immediately a user completes his registration and logs into his account, the exchange will display a modal window prompting him to enable the Two-Factor Authentication feature on his trading account.

When the trader clicks on the Enable 2FA button, he will be taken to the security page. He must scroll down to the Google Authenticator option and click on the Enable button beside it. Next, he must proceed to download the Google Authenticator app on his smartphone. The exchange will provide him with a QR code and a security code. Here, he is required to use the Google Authenticator app to scan the QR code or key in the security code.

Then, the trader must input the six-digit code generated on the Google Authenticator app to complete the 2FA setup process. It is worth noting that the completion of the 2FA setup allows users to enjoy increased withdrawal limits and API functions.

KYC Verification on P2PB2B

Since P2PB2B is well regulated, traders are required to undergo a KYC verification process. The P2PB2B exchange has two KYC verification levels. The completion of the first KYC level gives users access to various functions of the website, including making deposits, withdrawing funds, and utilising the API function. In addition, the completion of the second level enables the user to participate in security token offerings (STOs) on the exchange.

To verify his trading account, the investor must go to the Profile icon. The exchange will display a drop-down menu, and he must click on Account to proceed to the next step. Next, the trader must switch to the Verification tab. He must then go to the Deposit/Withdrawal option and click on Start Verification.

On the next page, the P2PB2B exchange will provide the user with eight data fields. The first and second data fields are designed to collect the user’s first name and last name. The user is required to input his country of residence on the third field while the fourth field is meant for the user's city of residence. Furthermore, the trader is required to select his gender and birth date for the fifth and sixth data fields, respectively. Lastly, the seventh and eighth data fields are designed to collect information about the trader’s street address as well as postal code. Upon completion of this form, the user can click on Next to continue.

Then, the user will be taken to the ID verification consent page where he must check a box to agree to the privacy policy and confirm that he has attained the legal age to trade on the exchange. After that, he should click on the Yes, Continue button to proceed to the next step.

The first stage of the verification process is the document verification stage, and the user must click on the Start Verification button to proceed.

On the next page, the user is required to select his verification document of choice. It is worth noting that the P2PB2B exchange provides three document options, including ID card, passport, and driving license. Once the trader selects his preferred document, he will automatically be taken to the next page.

The next page will require the user to select his preferred ID submission method. There are two options available, including recording a video of the ID via webcam or uploading a recorded video from the trader’s device. Selecting an ID submission method automatically transfers the trader to the next page.

If the trader wishes to upload a video from his device, the succeeding page will provide an option for him to do that. He must then click on the Upload button and select the ID verification video file located in his device. To ensure a smooth ID card verification process, the user must upload a clear video of the front side of his ID card, showing all the necessary card information. The trader must also make sure that he doesn’t hide or fold any part of the ID card. In addition to this, the video recorded and uploaded by the user must not exceed 20 MB.

Once the video file is uploaded, the next stage is the face verification stage and the user must click on Start Verification to initiate this process.

Then, he must use his device to record a clear video showing his face, or he can upload a pre-recorded video from his device. When he uploads the video, the exchange will check to verify that the face on the video matches the one on the ID. If a match is confirmed, the P2PB2B exchange will verify the trader's account instantly.

To ensure a hitch-free facial verification process, the user must record and upload a clear and properly lit video showing his entire face. Also, he must not wear any accessories, including glasses, face masks, hats, etc. while recording the video. He must also ensure that the video size is not more than 20 MB.

When the trader completes the first verification level, he must complete the second one to participate in STOs. To do this, the trader must go to the Profile drop-down menu and click on Account. Then, he must switch to the Security tab and click on the Start Verification button under the STO option. On the next page, he will be required to upload a seven–15 second-video of himself holding his government-issued ID and a handwritten note containing the name of the exchange and the current date. The user should then click on Next to continue.

Next, the trader will be required to upload a document to verify his address. The documents accepted by the exchange include utility bills, bank or credit card statements, the address page of a government-issued ID, and tax office documents. In a scenario whereby the user does not have any of these documents, he can upload a document containing his first name, last name, and address. It is worth noting that the document must not be more than three months old from the date of issuance. After uploading the document, the user must click on Next to proceed to the next step.

The next step is the final step, where the user has to check three boxes to confirm that he understands all the STO-related services and agree to the terms of service related to the security token offerings. By checking the third box, the user also confirms that he is not a citizen or resident of the US (of course, he should not check this box if he is a US citizen). After checking all the boxes, the trader must finally click on Send to complete the process.

Depositing and Withdrawing on P2PB2B

Funds are a crucial part of trading; therefore, before any trader can be allowed to place orders, he must fund his account. Likewise, traders who have made profits would always want to withdraw their funds without any hassles. To this effect, the exchange has adopted numerous, easy-to-use fiat and crypto deposit and withdrawal options, making it easy for traders to transact easily. This section will explain the various transaction options available on the exchange, and they are as follows:

Fiat Deposit

The exchange only supports three fiat currencies: the US Dollar, Euro, and the Russian Ruble. Traders are allowed to make deposits in any of the above-mentioned currencies via the AdvCash payment option. To deposit fiat on the exchange, the trader must go to the Profile Icon. A drop-down menu with numerous options will appear, and the user must click on Balance. This action will take him to the next page, where he must pick his deposit currency of choice. Then, he should click on the Deposit option beside his preferred fiat currency. Next, he must input the amount in the data field provided and click on the Request button. He will be taken to the payment confirmation page, where he must finally click on Go to Payment to authorise the transaction.

Crypto Deposit

Traders can avail themselves of the over 100 crypto deposit options to make cryptocurrency deposits. To deposit tokens on the exchange, the user must go to their Profile drop-down menu and click on Balance. Next, the trader should scroll down to his preferred token and click on the Deposit option beside it. Then, the exchange will display its cryptocurrency wallet address on the next page, and the trader must deposit into that particular wallet.

The P2PB2B exchange also allows its customers to purchase tokens with credit cards. To do so, the trader must click on the Buy With A Credit Card button to initiate. He must then input the deposit amount on the next page and finally click on Buy Now. The trader also enjoys numerous benefits if he purchases tokens with credit cards. These benefits include faster transaction speed, lower fees, and convenience.

Fiat Withdrawal

P2PB2B exchange allows traders to withdraw fiat currencies through the AdvCash payment gateway. To initiate a fiat withdrawal, the user must go to the Profile drop-down menu and click on Balance. Then, he must find his fiat currency of choice and click on the Withdraw option to proceed. The user will then be taken to the next page where he must input his AdvCash email address as well as the amount he wishes to withdraw, after which he must click on the Withdrawal Request button to move to the next step. Finally, the exchange will request a Two-Factor Authentication code, which the user must input to authorise the withdrawal request.

Crypto Withdrawal

Users can make withdrawal requests using the more than 100 token options available on the exchange. To withdraw crypto, the trader must go to the Profile drop-down menu and click on Balance. After that, he must find his preferred crypto and click on the Withdraw option beside it. This action will take him to the next page, where he is required to input the cryptocurrency wallet address and the amount. He must then click on the Withdrawal Request button, after which the exchange will request a 2FA code to authorise the transaction.

Trading on P2PB2B

Traders who have registered, verified, and funded their accounts can next start trading on the exchange. As mentioned earlier, the P2PB2B exchange supports over 700 crypto-to-crypto and crypto-to-fiat trading pairs, giving traders a plethora of options to explore. The exchange also offers an intuitive trading interface coupled with advanced tools to help traders make better informed decisions in the market.

To trade on the P2PB2B exchange, the user must log in to his account and click on the Trade option on the navigation bar. Then, he will be taken to the trading interface where he is meant to conduct his analysis, input the suitable trade parameters, and click on the Buy or Sell button to place the trade. It is worth noting that the exchange offers only two order types, and we will be discussing them below.

Market Order

A market order is a trade designed to be filled immediately at the current market price. Here, the order will be executed, provided that there are buyers and sellers in the market. Traders who prioritise the execution of an order over the price can take advantage of this order type to execute trades instantly. A market order is considered the simplest order type because traders who use it have no control over the price at which their orders are filled. Most of the time, the trade is executed at the best available price, meaning that they might have to pay higher commissions due to slippages in a highly volatile market.

Also, if a trader is in a situation where his stop-limit order was narrowly missed, he can use a market order to execute the trade instantly. However, market orders are not so ideal for beginner crypto traders because they may end up paying more than they should.

Limit Order

Traders can use limit orders to instruct a broker to execute a trader at a specific price or better. A limit order is an exact opposite of a market order because they are not filled instantly; therefore, the trader must wait until the ask/bid price is met before the trade can be executed. Limit orders ensure that traders have control over the price at which their orders are filled. This order type is mostly effective when it is placed around key support and resistance zones, as market price tends to react more at those levels.

However, it is worth noting that the execution of a limit order is not guaranteed because the market price has a tendency to stay above or below predetermined limits. In essence, traders who prioritise the execution price over the certainty of execution can use limit orders. There are two major types of limit orders, which are the buy limit order and the sell limit order.

Investors can use a buy limit order to purchase an asset at the set price or lower. Let’s say a trader wants to purchase LTC but does not want to pay more $50 for a unit. He can place a buy limit order at $50 or less. This prevents the investor from paying a higher price because the trade will only be executed if his conditions are met. On the other hand, a sell limit order could be used to sell an asset at a predetermined price or lower. For instance, if an investor wants to sell ETH for $300 or higher, he can use a sell limit order. With this, the trader is certain that he will not be selling his asset at a lower price because the trade will only be filled if all his parameters are met.

A limit order is considered marketable if it can be filled immediately by pre-existing orders in the limit book. For example, a buy limit order of $80 will be filled immediately if there is a digital asset in the order book whose asking price is $75. Likewise, a sell limit order of $90 will be filled instantly if there is a digital asset in the order book whose bid price is $100. Traders must also understand that a portion of a limit order could be partially filled from the order book and the remainder of that particular will be added to the order book.

Other Trading Options

The P2PB2B exchange offers spot trading only. This means that there are no other trading options available on the exchange.

P2PB2B Fee Structure

Like every other exchange, P2PB2B charges transaction fees for various activities conducted by its users. The fees charged by the exchange are low comparatively, and competitive, and they comply with the general industry standards.

Trading Fees

The P2PB2B exchange charges a flat trading fee of 0.2%, meaning that both makers and takers pay the same charges. This trading fee is somewhat below the industry average, making the exchange appear attractive to low-volume traders. On the flip side, the trading fee on the exchange does not favour high-volume traders who mostly prefer a tiered fee structure. This is because high-volume traders on exchanges that have tiered fee structures get to pay lower trading fees as their trading volume increases. Therefore, it is worth noting that while the trading fee on the P2PB2B exchange might be low, it is not suitable for every trader.

Deposit and Withdrawal Fees

Although the exchange does not charge any fees for fiat deposits, traders who use the fiat deposit option are required to pay network fees while depositing the US Dollar and Euro into their trading account. However, payments made in Russian Rubles do not attract any transaction charges. On the other hand, the exchange charges some transaction fees when users deposit certain tokens, including CHESS, LUNES, DYNMT, CTAG, and BNOX. Depositing other tokens--apart from those just mentioned does not incur any deposit fees.

Though trading fees are low on P2PB2B, the withdrawal fees charged by the exchange are higher than that of other prominent exchanges. P2PB2B customers pay withdrawal fees that are about 20% higher than the global industry average. With the sole exception of when trading with Russian Rubles, traders are required to pay transaction fees for both fiat and crypto withdrawals.

The table below gives a summary of the deposit and withdrawal fees charged by the exchange.

Payment MethodDeposit FeeWithdrawal Fee
USD4% (min 10 USD, max 100 USD)1% (min 2 USD, max 100 USD)
EUR4% (min 5 EUR, max 10000 EUR)5% (min 10 EUR, max 100 EUR)
RUBFreeFree
BTCFree0.001 BTC
ETHFree0.035 ETH
LTCFree0.02 LTC
BCHFree0.0045 BCH
DOGEFree300 DOGE

To find out more about the fee schedule on the P2PB2B exchange, visit the fees page.

Geographies Served

Although the P2PB2B exchange is regulated, there are still limitations that affect its reach. To this effect, the exchange cannot operate in certain countries because of the varying degrees of strict regulations imposed on cryptocurrency usage. While filling the registration form, the user must indicate whether he is a US citizen/resident or not because citizens from the US are not allowed to register on the exchange. Other countries affected by these regulations are Canada, France, Australia, UK, and Japan.

API Keys

The API keys found on P2PB2B help to enhance the user-friendliness of the platform because they can be connected to applications, thereby helping traders to place orders faster. In addition to this, traders can take advantage of the P2PB2B API keys to check their account balance, monitor trades, make deposits, and withdraw funds.

To activate the API keys, the trader must go to the Profile drop-down menu and click on Account. After that, he must switch to the API tab. Then, he must finally click on Generate New Key to activate his API key.

Mobile App

The platform claims that it supports mobile trading; however, no apps related to the exchange can be found on any app store. That said, since the website is mobile responsive, traders can still access its features with their smartphones. All they need to do is to switch to the desktop mode of their mobile browser, and they will be good to go.

Security

The P2PB2B exchange prioritises the safety of its customers. To this effect, the exchange has employed various advanced security features to protect its customers from malicious attacks. The exchange also claims that it has never been hacked to date, and the security tools responsible for achieving this feat include:

Two-Factor Authentication

The exchange demands for a six-digit authentication code before any withdrawal transaction is authorised. This helps to stop cybercriminals from stealing a trader’s funds even when they have accessed his account. P2PB2B also makes it mandatory for traders to activate the 2FA feature before they are allowed to trade on the exchange.

Anti-Phishing Code

This feature helps users to avert phishing attempts from false P2PB2B email addresses and websites. When a user creates his unique anti-phishing code, the exchange will send him a list of all genuine P2PB2B email addresses. To activate this feature, the user must go to the Profile drop-down menu and click on Account. He must then switch to the Security Tab, after which he must scroll down to the Anti-Phishing Code option and click on Create. Next, he must input his unique code of choice and a 2FA code and finally click on Submit Code to complete the process.

Automatic Logout

Traders on the exchange can take advantage of this feature to set a timer on their account. The time interval ranges between 30 minutes to seven days. Therefore, whenever the countdown elapses, the trader will be automatically logged out of his account. There is also a feature that makes it possible for traders to manually terminate the session of an unknown IP address.

Token Listing

The P2PB2B exchange gives room for private coin developers to list their coins on the exchange. For any token to be eligible for listing on the P2PB2B exchange, it must be a genuine crypto project spearheaded by a competent and reliable team with all-round technical support. The project must also comply with the policies of the exchange, and the developers must be willing to provide any information requested by the exchange.

To get a coin listed on the exchange, the developers must go through a routine application process. This is to ensure that the token aligns with the policies of the exchange. In addition, the coin listing process is simple and transparent. Once the developer submits his application, he will be assigned a personal manager to guide him through the entire process and answer any possible questions.

Next, the exchange tries to be acquainted with the project by asking the developer to provide essential information about his project. The details required by the exchange includes the project's logo, token price in USD, and links to the project’s website and social media. Plus, the developer must provide the link to the project on Blockchain Explorer and GitHub, as well as release a 5 USD equivalent of the token for testing. After that, both parties will deliberate on the listing date and choose a listing package that corresponds with the developer’s preferences and needs.

Once the exchange studies the project and an agreement is reached, the contract will be signed. It is worth noting that ERC20-based tokens will be listed within three to five days. However, other tokens may take more time to be listed on the exchange.

When the token is in its testing stages, the exchange embarks on a campaign to notify its customers about the upcoming listing, and upon completion of the testing process, the exchange will list the coin and notify users about the final listing. Lastly, the exchange also helps to promote the listed token through market making activities. This helps to increase the trade volume and liquidity of the token, thereby enhancing its growth and sustainability.

The typical token listing process on the P2PB2B exchange takes about two to three weeks, depending on the specifics of the project. Developers must also note that the exchange reserves the right to delist the token if the coin is poorly maintained or the main project team is removed. Furthermore, the token stands the risk of being delisted if its daily trading volume goes below $10,000 or its equivalent for 15 consecutive trading days. If the exchange finds out that token is susceptible to security breaches and price manipulation, it is within its right to delist that particular coin. Any coin found to be used for unlawful activities, including fraud, money laundering, and funding of terrorism, will be delisted from the exchange immediately. As such, the P2PB2B exchange’s website advises developers to go through its terms of use before applying to list their token on the platform.

Customer Service

Tickets are the main communication channel between users and the customer support team at P2PB2B. There is a live chat feature on the exchange; however, the agents in charge respond slowly. Most times, it takes several minutes before a user receives a response, and the representative might disengage from the chat in some cases. Also, the answers given by the representatives have been reported to be vague and contain links that are of little or no help to the customer.

The most impressive side of the P2PB2B customer service is that it supports eight languages, including English, Russian, Chinese, Japanese, Spanish, German, Korean, and Indonesian. Also, the exchange has an FAQ section, but the answers provided aren't very helpful, according to many users. Overall, the customer service of the P2PB2B exchange is full of holes, leaving plenty of room for improvement.

Regulatory Compliance

Traders on the P2PB2B exchange must undergo a mandatory KYC verification process before they are allowed to trade. On top of that, there is a detailed Terms of Use page, which all users are advised to read before signing up on the exchange. This page contains all the guidelines to which every user must adhere. In addition to this, the exchange reserves the right to sanction any customer who violates its rules.

The exchange also has a Privacy Policy, which states the process of collecting and storing users' data. Plus, it lays out all the details of the conditions under which the company will share customers’ data to third parties, including financial institutions and law enforcement agencies.

Referral Program

The exchange offers one of the most lucrative affiliate programs in the crypto space. P2PB2B pays a 15% commission to any user who recommends the platform to his friends. To participate in the program, the user must get his referral link and invite contacts with it. The higher the number of people an affiliate refers, the higher his earnings will be.

Conclusion

The P2PB2B exchange has recorded many successes within its few years of operation. The platform uses advanced security tools to ensure that its customers are always safe. It also offers a simple and intuitive interface coupled with advanced trading tools, thereby enhancing the usability of the website. Also, there are numerous deposit and withdrawal options available for users, making it easy to carry out transactions on the exchange with fewer hassles.

The major downside of the exchange is the poor performance of its customer support team and tools, and we hope to see more improvements in that area in the near future. Overall, the exchange is most suitable for traders who want to trade a wide array of altcoins on a platform with a super-fast trading engine.

Cryptocurrency trading is highly speculative and involves a significant amount of risk. The trader stands a chance of losing part or all of his principal capital if these risks are not taken into consideration. Therefore, it is recommended that traders evaluate and understand the risks they are about to take before making any investment into cryptocurrencies. In a scenario whereby the investor does not understand these risks, he should contact a financial advisor who will explain the risks and help him make an informed decision.

Comments (0)

Please, sign in to write a comment