Review on P2B by Digital Convict
People 2 People
If you like anonymity, on this platform you will have to identify yourself; KYC is required before making your first deposit.
In some DEX the initial commissions go from 0.1 to 0.05%, here the initial fee is 0.2% for Taker and Maker; It has a referral code program with which you can earn commissions for the trading of your guests. With those earnings, the commission expense can be offset.
There is a lot that can be written about the exchanges, about this, more than a review, I write a little tip , so that it does not become anecdote:
If you check the price of the markets, you will see that in some P2PB2B assets the purchase / sale price is lower than that of other exchanges; Do not be surprised!
Before... Before doing "Happy Calculations" and depositing your Sunday thinking: "I am going to buy many very cheap tokens, then I will take them out and sell them in another DEX at market price and I will have juicy profit!"
... Before doing that, check the liquidity of the asset you want to acquire. Check twice the amount of coins and orders that are placed; It is possible that the token, you have in mind to buy hundreds or thousands, you will only find 2 or 10 at a price well below the market.
Then you will find some orders with a price a little higher than the one you bought, which are still below the market price, but not more.
When you check the withdrawal commission of that currency, you will see that the amount obtained is less than the withdrawal. So you want to sell the token that you just bought; If you want to sell at the real market price, it will take you a long time to sell, because in the same way that you have bought cheap, others also want to do it.
If you are not patient, you will despair like many others and end up:
Read with attention, the above is only in case the coin is well below the global market price. If the above is not your case, anyway check the liquidity of your favorite asset, in this and any other exchange. Although my wish is to share a little information with you, you should do your own research.
On the other hand P2PB2B is a good DEX platform, with a lot of cryptocurrencies to trade. It has 154 coins and 388 pairs. it currently ranks 46th by market capitalization, with a score of 7 /10 by confidence; It certifies 2 out of 3 stars in security, it has been in force since 2018 and was incorporated in Estonia.
As a last additional piece of information, on this platform you can exchange USDT for Revain or vice versa.
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Pros
- It is a secure platform, with a simple interface.
- You can earn up to 15% commissions
Cons
- There are tokens with little liquidity.
- The withdrawal fees for some tokens are high, if you bought some at a low price when wanting to withdraw them you will have to reconsider.
- 0.2% Initial Fee: Taker & Maker.
