P2PB2B Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of P2PB2B trading signals. You will learn what kinds of trading signals P2PB2B offers and what the conditions for using them are.
Short introduction of P2PB2B
The P2PB2B exchange is one of the promising trading platforms that was founded in 2018. The state of registration is Estonia. According to CoinMarketCap, the cryptocurrency portal P2PB2B ranks 77th among all cryptocurrency exchanges in terms of the daily trading volume. The official website features a significant number of different cryptocurrencies, including Bitcoin, Ethereum, Ripple, IOTA, and the virtual alternative to the US dollar, Tether (USDT). In addition, users can make trades for the purchase/sale of altcoins and DeFi. The cryptocurrency exchange additionally offers its own PACT token, which can be used for beneficial payments.
| 💰 Account currency: | USD, EUR, and over 200 cryptocurrencies |
| 🚀 Minimum deposit: | USD 1 or equivalent |
| ⚖️ Leverage: | 1:1 |
| 🔧 Instruments: | Cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
P2PB2B Pros and Cons
👍 Advantages of trading with P2PB2B:
•the possibility to start trading with any comfortable amount when crediting dollars, euros, and popular digital coins;
•commission fees are standard for cryptocurrency exchanges, both for withdrawal and trading;
•the existence of several staking tariffs with different interest rates, terms, and principles of income accrual;
•a large selection of digital assets, including pairs with fiat (USD);
•universal trading platform with TradingView charts;
•the use of two-factor authentication to protect accounts;
•storage of up to 96% of coins in cold wallets.
👎 Disadvantages of P2PB2B:
•at the moment, the exchange does not have mobile applications; trading from smartphones and tablets is possible, but only through a browser platform;
•clients are not allowed to trade with leverage, and must use their own funds;
•the purchase of cryptocurrency for fiat is carried out through the Simplex partner, which withholds a commission of up to 3.5% of the transfer amount.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
P2PB2B Trading Signals
Depending on the trading volume for the last 30 days and the number of PACT coins on the balance, the trader is assigned one of the levels from LVL 0 to LVL 10. The standard commission for takers and makers of the zero level is 0.2% of the trade amount. The higher the level, the lower the trading fees. The minimum commission rate for the taker is 0.1%, and for the maker, it is 0.01%. Most crypto assets can be deposited without commission. The amount of withdrawal costs is standard for crypto exchanges. For example, the network fee for withdrawing Bitcoin is BTC 0.0005, and Ethereum is ETH 0.005. For some coins (MNDOGE, MSPC, NDB, etc.), withdrawal fees are not charged.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | $2 per 1000 USD trade | Yes, for most coins |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that P2PB2B does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
Can I reject a trading signal?
Yes, you can. However, if the signals are provided as a part of copy trading with automatic closing of positions, you need to monitor the platform.
How do I choose a signal provider?
Consider the profitability, the list of instruments the signals are provided for and the risk level of the strategy.
How do I test the signals if I can’t do it on a demo account?
In this case, it is best to test them using the minimum deposit. You will need to check the minimum deposit level of the broker.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.