Is P2PB2B a Good Crypto Exchange for Beginners?
It is important for novice cryptocurrency traders to choose the right crypto exchange. Not all companies can be used when you are just starting your path in trading, which is why the success in cryptocurrency trading depends on making the right choice. Beginners often wonder whether P2PB2B is a good crypto exchange to start trading with. In this article you will learn whether P2PB2B is good for beginners, what its pros and cons are and what a novice trader needs to know.
Short summary about the broker 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 is a Good Crypto Exchange for Beginners?
In order to choose the right broker for a beginner, you need to consider several aspects.
Here are the main ones:
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Education. It is important for novice crypto traders to learn how to trade. An exchange can offer educational courses, video tutorials, articles, webinars, etc. The more learning opportunities there are the better.
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Availability of a demo account. You will need this account to practice. It provides an opportunity for a beginner to trade risk free and try out trading strategies.
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Availability of a simple method to buy cryptocurrencies. An exchange service or a P2P exchange would be an advantage for an exchange.
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Low fees. The level of income of the trader depends on the level of the fees. Therefore, it is important to choose a company that charges minimum fees. Crypto exchanges mostly use the Maker and Taker fee model. It is important that you study them.
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Instruments for passive investing. In addition to active trading, passive income is also important for beginners. Pay attention to availability of copy trading or staking.
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Trading platform. It is important for a novice trader to choose the simplest trading platform that will be easy-to-use for trading.
In addition to these factors, you also need to consider how customer support operates, as it will also be important. Bonuses for beginners are also a nice perk.
Trading Conditions for P2PB2B Users
Before you start working with an exchange, it is important that you evaluate its trading conditions. P2PB2B offers traders the following conditions.
| 💻 Trading platform: | TradingView web browser terminal |
| 📊 Accounts: | Standard |
| 💰 Account currency: | USD, EUR, and over 200 cryptocurrencies |
| 💵 Replenishment / Withdrawal: | Visa or MasterCard (via Simplex), AdvCash, ADV Cryptocard, crypto wallets |
| 🚀 Minimum deposit: | USD 1 or equivalent |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | No |
| 🔧 Instruments: | Cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Browser only, mobile apps under development |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | No |
| ⭐ Trading features: | Several types of staking, the ability to work with IDO (Initial Decentralized Token Offering) |
| 🎁 Contests and bonuses: | Referral games, trading contests, Airdrop (distribution of tokens) |
Commissions and Fees
The size of commissions and fees is also an important factor of choice. Traders Union analysts have prepared a short review of P2PB2B commissions and fees. In this section, you will find trading fees of the exchange as well as withdrawal fees.
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 |
Investment programs of P2PB2B
It is important for novice traders not only to trade actively, but also earn passive income. Passive investing can help you earn extra profit, and also compensate for the losses you may incur as a result of active trading. P2PB2B offers the following passive income options.
Investment Programs, Available Markets, and Products of the Crypto Exchange
P2PB2B offers its clients universal and widespread investment solutions in the cryptocurrency services market. This exchange focuses on staking, a reward program for holding coins. A trader can start with a small investment, but keep in mind that the more money invested, the higher the percentage per annum. At P2PB2B you can receive passive income without investments. To do this, you need to become a member of the referral program.
Staking at P2PB2B
At the exchange, you can passively earn not only by holding a service token, but also by holding popular and rare coins. P2PB2B offers clients several types of staking programs. They differ in the features of the fund's withdrawal, interest rates, and terms of freezing funds.
Available staking types:
Locked Earning. A trader can receive 5-60% per annum on holding the most popular cryptocurrencies (BTC, ETH, USDT, etc.). Coins are frozen in the wallet for 7, 14, 30, or 90 days. Withdrawal of the deposit is possible only at the end of the blocking period;
Flexible Earning. This type of staking is similar to Locked Earning in that an investor can also earn up to 60% per annum by holding popular cryptocurrencies. The main difference is the possibility to withdraw funds at any time without waiting for the end of the program;
Earning Pool. A program to receive income (from 1.24% to 60%) for holding tokens and coins of certain projects that act as a guarantor of payments.
Special conditions are applied to the PACT token. The percentage of income is from 16% to 40% depending on the number of coins deposited. Funds are blocked in the wallet for 180 days, that is, they cannot be withdrawn or used for exchange. However, the investor receives interest every 7 days, which can be used at any time.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal and all the steps from signing up to withdrawal of profits.
P2PB2B’s affiliate program:
Exchange clients who bring new users receive a reward for this. Under the terms of the P2PB2B Exchange affiliate program, it is 15% of the referrals trading commission. The money is paid once a month. If the referral participates in the staking of PACT coins, then the referrer additionally receives 10% of the profit amount.
The so-called Referral games take place on the exchange website from time to time. An affiliate who brings referrals during the game period receives points for the action. The exchange gives digital coins to the top three by the number of points. For a referrer who has connected more than 10 people, P2PB2B can provide a discount of up to 20% on the trading commission until the end of the game.
Conclusion. Is P2PB2B good for beginners?
The P2PB2B cryptocurrency exchange will be an excellent choice for beginners. The exchange offers a convenient trading platform, which a beginner can learn to work with rather quickly. There is an excellent education center with a large number of materials for novice traders. Also, traders can earn passive income on good conditions. Therefore, P2PB2B could be considered as a good cryptocurrency exchange for a start.
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FAQ
What do I need to know about the fees charged by cryptocurrency exchanges?
The majority of cryptocurrency exchanges use the Maker/Taker fee model. As a rule, they use a multi-level system for traders that depends on the trading volume. The higher the trader’s trading volume, the lower the fees.
How do I choose a reliable cryptocurrency exchange?
Crypto exchanges mostly operate without licenses, as the majority of countries haven’t adopted legislation to regulate them. In order to choose a reliable exchange, you need to find out about its reputation and read the reviews about user experiences with it.
How many cryptocurrencies could a crypto exchange offer?
The number of cryptocurrencies on the listing of a cryptocurrency exchange may be very different. Some platforms offer less than 10, while others – several hundreds. It is important that you check the choice of cryptocurrency before registering on the exchange.
What are the risks of investing in cryptocurrencies?
Investing in cryptocurrencies carry high risks due to their high volatility. It could cause substantial losses, which is why it is important to observe the rules of risk management.
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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.