Most crypto exchanges focus on Bitcoin, Ethereum, and the top 20 coins. But what if you’re not looking for the same old names? What if you want to get in early on projects that haven’t hit Binance or Coinbase yet? That’s where P2B comes in. It’s not the biggest exchange. It doesn’t have the most users. But if you’re chasing the next big thing before it explodes, P2B might be the only place you need to look.

What Exactly Is P2B?

P2B started in 2018 as P2PB2B and rebranded in 2022. It’s based in Lithuania, which puts it under European financial oversight - but not the kind that gives you FDIC-style protection. Unlike Coinbase or Kraken, P2B isn’t licensed by major regulators like the SEC or FCA. That’s a red flag for some. But for others, it’s exactly why they use it. P2B operates in a gray zone where innovation moves faster than regulation.

The platform supports over 200 cryptocurrencies and 900 trading pairs. That’s more than most exchanges. But here’s the catch: most of those coins aren’t household names. They’re new tokens from small teams, often launched directly on P2B’s own platform. The exchange doesn’t just list coins - it helps create them.

Why P2B Stands Out: The Launchpad Powerhouse

P2B isn’t trying to be the next Binance. It’s trying to be the launchpad for the next Binance. Since 2018, it’s helped over 3,000 crypto projects go live. That’s not a typo. Three thousand. And it’s still adding 30+ new projects every month. Most exchanges take weeks - sometimes months - to vet and list a new token. P2B does it in days.

How? They cut the red tape. No long application forms. No waiting for legal reviews. If a team has a whitepaper, a team, and a basic roadmap, P2B gives them a listing. That’s risky. It’s also powerful. Early investors on P2B have made life-changing gains on tokens that later jumped 10x, 50x, even 100x. But it’s also where you’ll find scams, abandoned projects, and tokens that drop 90% in a week.

This is the core trade-off: P2B gives you access to early-stage projects most exchanges won’t touch. But you’re on your own when it comes to due diligence. There’s no safety net. No guarantee. Just raw opportunity.

Trading Features: Solid, But Not Advanced

P2B’s trading engine can handle 10,000 trades per second. That’s fast. Real fast. If you’re into arbitrage or scalping, the speed matters. The platform supports spot trading, margin trading, and limit orders. You can trade with EUR, USD, and GBP - but no other fiat currencies. If you’re in the U.S., you’re locked out. Same for Russia, Iran, North Korea, and over 20 other countries.

There’s no copy trading. No social trading features. No automated bots built into the interface. If you want to automate your trades, you’ll need to use their API - and you’ll need to know how to code. That’s fine for experienced traders. But if you’re new, you’re on your own.

Fees start at 0.2% per trade. That’s higher than Binance’s 0.1% or Kraken’s 0.16%. But fees drop as you trade more. If you’re moving $50,000 a month, you’ll get down to 0.1%. Still, for casual traders, that’s a cost you’ll feel.

Security: Cold Storage, But No Regulation

P2B claims 96% of assets are stored in cold wallets. That’s good. Most exchanges do the same. They also use WAF (Web Application Firewall) systems to block attacks. No major hacks reported since 2020. That’s a win.

But here’s the problem: no financial regulator oversees them. Not the SEC. Not the FCA. Not even the EU’s MiCA framework fully applies yet. That means if P2B gets hacked, or if they disappear, you have no legal recourse. No insurance. No government protection. Your money is only as safe as the company’s internal controls - and their reputation.

KYC is mandatory. You need to upload ID, proof of address, and sometimes a selfie. The process takes 1-5 days. Some users report delays. Others say it’s smooth. It’s inconsistent.

User Experience: For Traders, Not Beginners

P2B has two interfaces: basic and advanced. The basic one looks clean. The advanced one? It’s overwhelming. Charts, indicators, order books - it’s built for pros. Beginners might feel lost.

The app works on iOS and Android. It’s functional, not flashy. No live chat in the app. Support is email and ticket-based. Response time? Around 12-24 hours for simple questions. Complex issues? Could take days. They offer 24/7 support in 15+ languages - except Hindi.

Documentation is decent for API users. For regular traders? It’s thin. You won’t find step-by-step guides on how to participate in an IEO. You’ll have to figure it out yourself - or ask in their Telegram group.

Trustpilot Score: 3.6/5 - Mixed Feelings

Users love the token variety. They love being first on new projects. They love the customer service when it works.

But they hate the withdrawal delays. Some report 2-7 days for crypto withdrawals. Others say it’s instant. It’s unpredictable.

Fiat deposits? Only via bank transfer. No credit cards. No PayPal. No Apple Pay. That’s a dealbreaker for many.

The biggest complaint? Lack of regulation. People are scared. They don’t trust an exchange that doesn’t answer to a government. And they’re right to be. But for others? That’s the point. P2B is the wild west. And some people go there to hunt.

Who Should Use P2B?

Here’s the truth: P2B isn’t for everyone.

Use P2B if:

• You want early access to new crypto projects
• You’re comfortable with high-risk, high-reward investments
• You’ve traded crypto before and understand volatility
• You’re outside the U.S. and need a platform with 200+ altcoins
• You’re a developer or project team looking to launch a token fast

Avoid P2B if:

• You’re a beginner with little crypto experience
• You want regulated, insured custody
• You’re in the U.S. or a restricted country
• You need copy trading or automated strategies
• You expect instant fiat deposits or withdrawals

The Verdict: A Niche Tool, Not a Mainstream Exchange

P2B isn’t trying to replace Binance. It’s not even trying to be Coinbase. It’s a specialized tool for a specific job: launching new crypto projects and giving early access to traders who want to take big risks.

It’s fast. It’s open. It’s unregulated. It’s risky. But if you know what you’re doing, it’s one of the few places left where a small team with a good idea can still get noticed - and where a smart trader can still find the next big winner before the crowd shows up.

Think of it like a startup incubator - but for crypto. You don’t go there for safety. You go there for opportunity. And if you’re willing to do your homework, the payoff can be huge.

But remember: every coin listed on P2B is a gamble. Some will vanish. Some will explode. Most will just sit there. You need to treat it like venture capital - not a savings account.