P2B Review 2025

Our Verdict

🚀 P2B is a cryptocurrency exchange launched in 2017 in Lithuania.

🪙 Offers 120+ cryptocurrencies for trading.

📈 Specializes in spot trading, making it a great choice for algo traders, stakers, and those interested in IDO & IEO fundraising.

💰 Competitive trading fees start at 0.2% for both makers and takers, decreasing with higher trading volume.

💳 Supports both crypto and fiat deposits via credit cards.

💬 Customer support is available via email and chatbot, providing decent service.

⚠️ Best for intermediate traders, but lacks leverage, derivatives, bots, and social trading for advanced strategies.

P2B Pros and Cons

Is P2B Right for You?

When reviewing exchanges, we consider all types of traders, from casual to active. Our clear and thorough approach helps explain trading strategies and their requirements. By analyzing and ranking key factors, we assess how well each exchange suits different traders.

P2B does not support leverage trading, HODLing, DCA strategies, bots, copy trading, or social trading, as it lacks these functionalities. However, it may still be suitable for some traders.

Here’s our verdict:

Supported Countries and Regions

P2B operates globally, with products available in Europe, Africa, South America, and Australia (169 countries in total). This extensive reach gives it a wider presence than competitors like Luno and Bitstamp.

However, there are about 27 countries where P2B does not operate, including Iran, Iraq, Libya, Cuba, and the United States.

P2B Bonuses and Special Offers

P2B has a wide range of bonuses and special offers available for both new and old users.

• Welcome Offers & Sign-Up Bonuses: In my testing, applying a referral code during registration can unlock discounts on trading fees. There are no deposit bonuses or rewards for completing KYC verification.

As a new user interested in P2B Exchange, you can use our referral link to gain access to fantastic trading discounts.

• Cashback Offers: P2B offers cashback when users participate in certain activities. For example, engaging in their Trading and Holding competitions gives you access to rewards. Users can share a prize pool of up to $2,000 for holding and trading tokens.

P2B Background

The P2B exchange, headquartered in Vilnius, Lithuania, was initially launched as P2PB2B in 2018 by founder Valerii Solodovnyk.

Valerii, who also serves as the CEO of Partida Services (the exchange’s registered name), holds a B.Sc in Economics from Kharkiv National University of Economics.

On October 3, 2022, the exchange underwent a significant rebranding, changing its name from P2PB2B to P2B, along with its logo and website design.

Security and Transparency

Proof of Reserves

P2B does not provide proof of reserves for any assets, which I verified through a customer service representative. Without Proof of Reserves (PoR), P2B could be at risk of insolvency, meaning it might not have enough assets to cover withdrawals. It’s generally safer to trade on exchanges that provide PoR.

Deposit Insurance and Cybersecurity Measures

According to P2B’s customer support, the exchange does not offer deposit insurance for crypto or fiat. It operates without a banking partner and is fully custodial, with cybersecurity measures limited to 2FA and passkeys. Without insurance, if P2B becomes insolvent, gets hacked, or mismanages funds, users risk losing their deposits with no compensation.

General Reliability and Transparency

P2B offers a bug bounty program, with rewards up to $500, which is notably lower than the industry standard of $5,000. However, the exchange maintains transparency in various operations, such as the easily accessible fee schedule on its website.

The exchange also has an active X, Telegram, Facebook, Instagram, and LinkedIn accounts and clearly outlines the states and regions where its services are unavailable.

However, it lacks detailed information about its licensing or registrations in major jurisdictions.

Verified Trusted Scores

Several trusted platforms evaluate P2B’s credibility. Certik’s Skynet, a blockchain security platform, rates P2B BBB, reflecting moderate trust and security. CER.live, which focuses on cybersecurity and transparency, gives P2B an AA. CoinGecko, known for assessing trading activity and liquidity, scores P2B a 6, placing it in the mid-tier range. Meanwhile, CryptoCompare rates P2B D, highlighting areas for improvement in transparency and user experience.

While P2B shows strong security with its AA cybersecurity score, trading activity, and user trust can grow compared to top exchanges. For example, Binance gets 10/10 in CoinGecko ratings and AAA in CER.live.

Know Your Customer (KYC)

KYC ensures exchange security by reducing risks like fraud and money laundering, common in non-KYC exchanges. While non-KYC platforms like P2B offer anonymity and faster access, they expose users to regulatory risks.

On P2B, KYC is simple and fast. Users need a government-issued ID and proof of address, and approvals are typically completed within 24 hours. This enhances security while remaining convenient for traders.

Is P2B Safe to Trade With?

P2B’s overall trust and transparency are limited.

Although it employs security measures such as two-factor authentication, passkeys, cold wallet storage, and encryption, it lacks proof of reserves and doesn’t offer insurance for cash deposits. The exchange is not fully transparent about its operations or leadership, requiring external research for detailed information.

Despite no major hacks and ties to reputable crypto organizations, the absence of essential security features raises concerns. Given these factors, I advise caution when considering storing large amounts on P2B.

Trading Experience

Trading Test

For our trading test, we thoroughly evaluated P2B. Our process included signing up, completing the KYC (Know Your Customer) verification, logging in, depositing funds, and making withdrawals. We also tested the trading functionalities by exploring different trading pairs and conversions and assessed the associated fees for transfers and withdrawals. This comprehensive test allows us to provide an informed and reliable review of the exchange’s usability, features, and actual costs. Here’s our detailed analysis:

Step 1: Setting Up and Funding Your Account

To sign up for P2B, I followed these steps:

• I visited the P2B website and clicked on “Sign Up.”
• I entered my email and password.

P2B does not support signing up with a phone number or social accounts like Google or Apple.

• I entered a referral code, which is optional.
• I accepted the terms and conditions and clicked “Signup.”

After registering:

• I verified my email to complete the initial setup.
• I opted to proceed with the KYC process, which required me to upload an identity document.
• I took a photo of myself holding the identity document alongside a cardboard box marked with “P2B.com,” the date, and my signature.

Once verified, I logged into my account.

First, I tried depositing LTC into P2B, but it was suspended. The only reason provided was based on P2B’s Exchange request. The same with Solana and Cardano. I deposited 246.49 TRX (Tron) from my Binance account to P2B. It required 10 confirmations, and I was charged 1 TRX as a fee.

The deposit showed as “pending” for about 2 minutes before being successfully deposited, taking an additional 2 minutes. This process was slightly quicker than what I’ve experienced with other exchanges like Binance or Bitstamp.

Step 2: Trading

I then proceeded to trade. I selected the TRX/USD trading pair. In my opinion, finding trading pairs at P2B is straightforward, similar to finding them on exchanges like Binance or Bybit.

First, I converted TRX to USD at market price. The trade was executed in about 3 seconds, with an undisclosed fee.

I then traded this back from USD to TRX using a limit order. This was also fast and took around 5 seconds to complete. The fee wasn’t disclosed.

Step 3: Withdrawal and Review

I tried moving my TRX back to another wallet. To allow withdrawal, I was required to enter a Google Authenticator code and confirm with my email.

The withdrawal required 10 confirmations and took approximately 3 minutes to arrive in my Binance wallet. The platform charged a 15 TRX withdrawal fee. This is higher than Binance’s.

Desktop Version

Despite lacking basic or pro versions, P2B is still intuitive for beginners, primarily offering spot trading as its main feature. I accessed the platform using Google Chrome, which was fast and responsive. Key trading tools such as advanced charting, conditional orders, TradingView technical indicators, and order books were readily accessible and easy to navigate.

You will find an intuitive placement of different sections: Orders, Wallets, Buy Crypto, Markets, Trade, Launchpad, Listing, Events, and KICKSTARTER.

Trade Navigation

The platform’s interface is straightforward, making it easy for traders to place market and limit orders.

All essential features, such as the order book, market depth, and price charts, are displayed together on the trading screen. I discovered that you can adjust the decimals of cryptocurrency prices from 2 to 0. In my opinion, finding a trading pair on P2B was more intuitive than on BYDFi or Tapbit.

Withdrawal Navigation

Withdrawing funds on P2B is easy. Users can quickly locate the withdrawal button on the asset page, where the process is clear and guided step-by-step.

Order Book Navigation

The order book is shown on the main trading interface, showing buy/sell orders, market depth, and recent trades. There’s a dedicated section called “Orders,” where you can find all the orders you have made in the past. This includes details like price, amount, value, and whether it was a buy or sell order.

Coin Search and Market Discovery

P2B lacks a coin search feature, unlike exchanges such as Binance and Bitget, which offer this functionality. However, the market discovery section on P2B is expansive. You can find trading pairs in major cryptocurrencies like BTC, as well as altcoins such as BNB, SOL, XRP, ETH, and various DeFi trading pairs.

P2B’s market discovery is detailed. You can discover tokens based on their blockchain, such as Ethereum, Tron, Solana, or BSC. You can also discover top new tokens and upcoming listings.

Watchlist Management and Alerts

P2B employs a unique method for setting up watchlists. Unlike other exchanges where you can simply click a star sign next to the tokens in the market section to add them to your watchlist, on P2B, you need to click on “Trade,” where a similar market section is embedded within the interface for adding favorite tokens.

I discovered that P2B does not offer customizable alerts for changes in crypto prices or watchlist performance, only providing generic security and account activity notifications. This lack of personalized alerts is a drawback compared to exchanges like Gate.io, Bitstamp, Binance, and others.

KICKSTARTER

The P2B KICKSTARTER program allows you to earn rewards for participating in token-holding events. You hold a token by subscribing to Vault, click commit, and you will receive airdrop rewards.

Earning

P2B earning programs allow users to earn income through activities such as staking and participating in airdrops and trading competitions. Key features include earning pool, flexible earning, and locked earning. USDT, BUSD, DOGE, BTC, and ETH are the major supported-earning cryptocurrencies.

Staking is a profitable activity on P2B, allowing users to earn up to 54.75% by staking tokens. Although exchanges like Coinbase and Kraken offer staking services, P2B stands out with its extensive range of earning programs. These programs extend beyond typical staking, offering Earning pools as well.

Airdrop

Airdrops involve the free distribution of tokens by an entity to users as a strategy to increase awareness and adoption of a new cryptocurrency. P2B organizes airdrop such airdrop events, allowing users to receive tokens from new projects. For instance, during one of their KEC token airdrops, I discovered that an investment of 195 KEC would yield an additional 40 KEC as part of the airdrop.

Trading Competition

Trading competitions at P2B involve participants competing against each other based on trading volume or profitability over a designated period. These events offer prize pools of up to $10,000, providing an incentive for active trading. This type of competition, which highlights trading and holding skills, is not commonly found on other exchanges like BYDFi, Luno, Bitstamp, and Tapbit.

P2B Mobile App

After more than a week of testing and exploring the exchange, I discovered that they do not have a mobile application. Although there is a claim of an Android app, I was unable to find it despite testing with three different Android phones. After testing in different locations, this wasn’t region-specific.

My Key Takeaways After Testing P2B

After intensive usage and exploration of P2B Exchange, here are key things to keep in mind:

• General Trading Experience: P2B offers a user-friendly interface with fast performance comparable to Binance and Coinbase. However, it lacks a mobile app, basic/pro versions, and features like customizable trade alerts. Trading tools like advanced charting and TradingView indicators are available, but they only support limit orders, making them less suited for advanced traders.
• For Basic Traders and Entertainment Seekers: P2B is ideal for intermediate traders but also offers fun features like games and airdrops, appealing to those who want both trading and entertainment. It suits beginners who want more than just basic trading.

Fees

Spot Maker/Taker Fees

In our review of spot fees, we examine spot fees across three distinct tiers, focusing on the fees for different trading volumes. We focus on the essentials and potential savings through native tokens and various discount schemes. Our unique methodology provides a clear view of fee structures and how they benefit traders of all levels.

The first tier typically represents casual traders, as they don’t usually trade more than $10,000 per month, while the higher tiers often relate to more advanced traders. Using this method, we’re categorizing users by their trading style and the amount of money they spend on the exchange.

Additionally, we also compare these fees with industry standards to give a thorough perspective on each exchange’s affordability.

Fee levels range from 0 to 10, with the top tier requiring a trading volume of 500 BTC or more. At this point, a user pays only 0a .1% taker/maker fee. Exchanges like BYDFi and Tapbit, with their fixed 0.1%/0.1% maker/taker fee, may be more attractive.

Deposit Fees

P2B supports fiat and crypto deposits. Users can purchase crypto using credit/debit cards or through third-party payment providers such asAdvcash and Payeer (which, while convenient, come with higher fees.)

Note that services and fees might vary depending on location.

P2B supports direct fiat deposits, unlike Tapbit or BYDFi. However, in my view, it still lags behind top exchanges like Binance or Coinbase, which offer more comprehensive options such as ACH, SWIFT, and SEPA transfers.

Withdrawal Fees

For withdrawals, P2B only offers crypto options. There are no P2P trading or third-party payment providers available for selling crypto. Withdrawal fees vary. For example, withdrawing Bitcoin may incur a fee of around 0.0004 BTC, while Ethereum withdrawals could have a fee of 0.003 ETH. However, in the Arbitrum network, ETH withdrawals are free. These fees can fluctuate based on network congestion. Always check the specific withdrawal fee before transferring to avoid unexpected costs.

Compared to competitors, P2B performs very poorly in this aspect. Even exchanges like BYDFi, which doesn’t support direct fiat deposit, provide a way to sell off cryptocurrencies via third-party payment providers.

Fee Discounts

P2B’s fee discounts are not as exclusive or extensive as those on exchanges like Bitget, KuCoin, or Gate.io. When you sign up using a referral link or code at P2B, you may qualify for trading fee rebates. Additionally, the more you trade, the lower your trading fees will be.

Are P2B’s Fees Competitive?

The overall conclusion is that P2B’s fees are reasonably structured, and both beginners and experienced traders can benefit from them as they decrease with increased trading volume.

However, P2B’s trading fees are higher than those of many other exchanges, like Tapbit. In my view, beginners may find better alternatives than P2B.

Available Cryptocurrencies

IEO Launchpad

The initial exchange offering, or IEO for short, is a method of fundraising through which a cryptocurrency exchange manages the sale of a new token for the project. In this method, the project immediately has access to the exchange’s users, which gives it visibility and credibility.

P2B’s IEO launchpad provides an efficient mechanism for projects to raise funding and connect with potential investors. The funding would cover consulting services, marketing strategies, and liquidity enhancement under the platform’s complete support, hence a smooth launch experience. Some of the projects here, such as PHAE, raised as much as 1,206,961 USDT in the end.

IDO Launchpad

This describes how a project can raise investments from potential backers using the smart contracts of a decentralized exchange for token sales, known as an Initial DEX Offering (IDO). IDO launchpad from P2B allows project representatives to attract stakeholders without complex registration processes, offering a more private and decentralized approach to fundraising. Some projects on this platform have set hard caps as high as 400,000 USDT.

While platforms like Uniswap and PancakeSwap are prominent in the IDO space, P2B’s combination of IEO and IDO services offers a unique advantage, catering to a broader spectrum of project needs and investor preferences.

Token Listing

After my testing, I found that P2B is one of the best crypto exchanges for listing a cryptocurrency. It has partnerships with top organizations to help crypto projects with financial and marketing support during their listing process. According to P2B, tokens based on Ethereum, BSC, Polygon, Cardano, Ripple, Tron, and Avalanche receive a faster listing process. Developers can contact their listing representative on Telegram to learn the next steps.

Access to Stablecoins and Fiat-to-Crypto Trading

P2B offers popular stablecoins like USDT and USDC and fiat-to-crypto options for USD and EUR. During my testing, I found that USDT and USDC are the only stablecoins available worldwide. Additionally, the availability of cryptocurrencies and services on P2B may vary by country, so users should verify local regulations and check which currencies are supported.

• Stablecoins Available at P2B: USDT, USDC
• Fiat-to-Crypto Available at P2B: USD, EUR

Exchange Liquidity

P2B has one of the best liquidity among other exchanges in the industry, which is why it is great for listing cryptocurrencies. It has a liquidity rating of 754 from Coinmarketcap, which is bigger than Gate.io, Upbit, Bybit, and KuCoin. P2B has massive liquidity due to its IDO and IEO programs. The benefit is mainly speedy trade execution and transactions for users.

Deposits and Withdrawals

P2B Deposit Options

P2B supports direct fiat deposits through credit cards and third-party methods, with fees ranging from 3.28% to 3.5%. However, it does not offer payment options like ACH, wire transfers, SEPA/SWIFT, or e-wallet payments.

In my view, P2B offers a broader range of deposit options than BYDFi or Tapbit. Nevertheless, I prefer exchanges like Coinbase, where I can make free ACH deposits.

The minimum crypto deposit is $1, and the price of fiat buying is $30.

Note that deposit options can vary significantly from region to region. Always check the exchange’s official site for the most accurate and region-specific deposit information.

P2B Withdrawal Methods

P2B lacks options for selling fiat or cryptocurrencies directly to a bank account or credit card, which I found highly inconvenient. You can only convert to other cryptocurrencies and withdraw to a different exchange or wallet. Compared to Binance and Bitstamp, which offer multiple withdrawal methods, P2B falls short.

P2B Withdrawal Limits

Accommodating users without KYC verification is already a good thing, but P2B places withdrawal limits on them. Users without KYC verification are limited to $1,000. Compared to exchanges like BYDFi, this is lower than the 1.5 BTC limit for the same category of users. However, P2B has an unlimited withdrawal limit from verified users, which is higher than BYDFi’s 6 BTC.

Customer Service

P2B provides educational resources and guides for users to gain business insights. However, it didn’t have video tutorials and community forums for support from fellow users. In terms of support services, exchanges like Coinbase and Binance are industry leaders.

P2B Customer Support Test

To evaluate the quality of customer services for diverse user needs, we created a unique trading test. We personally contact support using all available methods and present hypothetical problems that users might face. Our evaluation concentrates on how quickly they respond, the quality of the help provided, and whether we can talk to a real person rather than a bot. This method effectively measures the capability of customer support to assist both active traders and casual investors.

For the test, I used the Telegram bot, chatbot, and email. The Telegram bot was accessible, but it took time to get a reply (from 2 to 12 hours and over 15 during weekends). In my testing, the Telegram bot doesn’t provide clear answers to questions. Each answer is always a redirect link to their website. In more than 3 questions, there was no detailed answer to my question.

Their chatbot is similar to the Telegram bot. It does reply fast to generic questions. However, it sometimes refuses to connect to a live agent.

I found their email support to be slightly better than the chats. Their responses were clearer and more detailed than those of other exchanges like BYDFi. However, the customer support agent sounded like English wasn’t their native language. Hence, some of the answers were broken or unclear. For instance, there were phrases like “warn” when I asked if KYC was mandatory.

FAQ