Scam Alert: Talking About P2PB2B

Posted by on June 2, 2021 in Investing and Insurance with 0 Comments
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There are many rumors on the Internet, especially if we are talking about the crypto market. Professional investors and beginners are in permanent search of new projects and platforms that are worth their trust. If you are going to buy crypto, it is essential to read as much as possible about a particular project and trading platform. But which one to choose?

Today we are going to make a complete P2PB2B review and find out what mistakes are typical for most beginners. Please note that some of them may lead to losing money with no possibility to bring it back. Thus, we would recommend you not to deposit or withdraw money before you read this text.

Is P2PB2B a scam?

Some stories about crypto disappointments may play a dirty trick. But taking provocative headlines at face value is the wrong way. It is always important to understand what is in the background.

For example, at the dawn of Bitcoin, many people mined this currency just for fun. Some of them had lost access to their wallets when the coin skyrocketed in value. That is a pity, but is it a reason to label Bitcoin a scam?

Many crypto trading platforms are accused of stealing users' money and other sins. If it is true, other crypto community members should be warned, but sometimes there are some other reasons to call, for example, P2PB2B a scam.

If you are interested in cryptocurrencies and read various reviews from time to time, you probably have come across attention-drawing headlines saying Ethereum, Bitcoin, CoinMarketCap and any other popular crypto or crypto-related project is a scam.

The thing is people react better to negative news. Mentioning something bad in the headline is the easiest way to draw more attention and make more people read the text. This is the best recipe for fake news, and this is a huge problem. That is why you should always check information and avoid sharing unconfirmed data.

Bitcointalk discussing P2PB2B

This Internet forum is one of the most popular websites where crypto traders and enthusiasts share their experiences. Bitcointalk has been working since 2009 and remains a source with a good reputation. Its users actively discuss everything related to the crypto industry. Thus, there are threads about P2PB2B on Bitcointalk too.

First, it is always important to keep in mind that not all forum users are totally honest. In general, all posts can be divided into three groups according to emotional coloring: neutral, positive and negative. Generally, neutral and positive reactions drew much less attention than negative posts. As a result, the latter stick in memory better.

But you should always consider the reputation of a commentator. If you see that a negative post is not confirmed by any proof and is based on emotions only, there is a reason to doubt the statement. On the one hand, it may be paid by someone else to denigrate a competitor. On the other hand, there are too many cases when beginners make critical mistakes due to which money can be lost.

P2PB2B exchange review: what you should know to avoid mistakes

A P2PB2B exchange review would not be full without common mistakes of beginners in crypto trading:

  • Buying a coin at its peak. Remember that a rise is followed by a decrease. You should monitor the market situation, rely on analytics and keep your head cold.
  • Marking service letters as spam or unsubscribing from e-mails not to miss important information, for example, during delisting. In this case, you have only 14 days to withdraw.
  • Transferring money to unknown wallets. Make sure that you know the addressee and protect your money from fraudsters.
  • Creating several accounts. This is a severe violation of the P2PB2B rules. Not to be banned, use the exchange fair.

Trading, depositing and withdrawal mistakes of P2PB2B users

In the end, we would like to provide some more examples of mistakes related to the technical part of trading on P2PB2B and review how they can be easily avoided:

  1. Indicating an incorrect MEMO. Ignoring the MEMO address field leads to losing the money. Please note that such coins as LBY, BNB, XLM and many other currencies have a MEMO address that is required to be indicated along with the wallet address. This information can be found on the P2PB2B website for each particular coin.
  2. You have not checked the wallet address twice. If the address is incorrect, the money won't come back with a specific notification. That is why it is extremely important to make sure that you have entered no unnecessary characters or spaces.
  3. Indicating a smart contract instead of a wallet address. If you see the status “Unsuccessful”, it may mean that you made this mistake. Luckily, this operation can be canceled, but it is necessary to contact the support team and wait for quite a long time.
  4. Depositing less than 10$. This is the minimum amount indicated on https://p2pb2b.io/fee-schedule/.
  5. Depositing a token to the address of your main coin or vice versa. Not to let your money go to the network, use correct protocols.

If you are looking for a platform to buy and sell coins, P2PB2B is a good choice. For getting a positive crypto trading experience, it is essential to remember these mistakes and read information on the website carefully.

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