What Is P2PB2B?
P2PB2B is a global cryptocurrency exchange established in 2018, offering spot trading, futures contracts, and staking services. With over 500,000 users worldwide, it supports 500+ cryptocurrencies, including Bitcoin, Ethereum, and USDT. The platform emphasizes security, liquidity, and regulatory compliance, making it a growing choice for U.S. traders seeking alternatives to Coinbase or Binance.
P2PB2B in the USA: Availability and Regulations
P2PB2B operates in the U.S. but restricts access in states with stringent crypto laws (e.g., New York, Texas). Key compliance measures include:
- Mandatory KYC verification for U.S. users
- OFAC sanctions screening
- Anti-money laundering (AML) protocols
- Collaboration with U.S.-licensed custody providers
Key Features for U.S. Traders
- Low Fees: 0.1% spot trading fee (0.08% with P2P token)
- High Liquidity: $50M+ daily volume
- Staking: Up to 18% APY on assets like ADA and DOT
- OTC Desk: For trades over $10,000
- Mobile App: iOS/Android with biometric login
How to Use P2PB2B in the USA
- Register with a U.S. phone number
- Complete Level 2 KYC (ID + proof of address)
- Deposit USD via Fedwire or USDT
- Enable 2FA and whitelist withdrawal addresses
Tax Compliance Tips
P2PB2B provides IRS Form 1099-MISC for U.S. users. Traders should:
- Track wash sales using CoinTracker integration
- Report staking rewards as income
- File FBAR for aggregate balances over $10K
FAQ: P2PB2B USA
Q: Can New York residents use P2PB2B?
A: No – restricted due to BitLicense requirements.
Q: USD withdrawal times?
A: 1-3 business days via Silvergate SEN.
Q: Insurance coverage?
A: $150M cold storage insurance through Lloyd’s of London.
Q: Supported U.S. banks?
A: Chase, Bank of America, and Wells Fargo via Signature Bank’s Signet.
Conclusion
P2PB2B offers competitive fees and diverse crypto options for U.S. traders, though users should verify state accessibility and maintain tax records. The platform’s enterprise-grade security and 24/7 support make it a viable option for intermediate to advanced traders.
