P2B (formerly P2PB2B) Warning Review | Is P2B a Scam? An In-Depth Study of Fake Trading Volume, Withdrawal Barriers, and Lack of Regulation

1. Platform Background and Development History

P2B, formerly known as P2PB2B , was founded in 2018. According to its official website ( p2b.com ), the platform claims to be “one of the fastest-growing cryptocurrency exchanges in the world” and emphasizes:

• More than 500,000 registered users worldwide;

• Billions of dollars in daily trading volume;

• Listing over 200 cryptocurrencies;

• Provide Launchpad and IEO project services.

However, in-depth investigations revealed significant inaccuracies and exaggerations in these figures and promotional materials. The community has long questioned P2B's falsified trading volumes, confusing listing mechanisms, withdrawal difficulties, and a lack of regulatory backing.

2. Company Registration and Legal Investigation

1. Company entity and place of registration

P2B claims to be headquartered in Estonia, but a query with the Estonian Financial Intelligence Unit (FIU) did not find a registered entity matching its official website statement.

• P2PB2B was indeed registered in Estonia in its early days, but as regulations tightened in 2022, many small exchange licenses were revoked or cancelled, and P2B did not re-register in the public database.

• This means that its external propaganda of "being subject to European compliance supervision" lacks basis.

2. Domain Name and Technical Architecture

• The domain name p2b.com was registered in 2017 and changed hands several times.

• The operator deliberately anonymizes the registrant information and hides the actual controller.

• The website servers have been moved multiple times and are distributed in offshore areas.

3. Contact details and transparency

• The official website does not have a valid office address, and customers can only contact through online work orders and email.

• Reddit communities and Trustpilot reviews show that a large number of user feedback tickets are left unaddressed.

III. Regulatory Status and False Advertising

1. No regulatory qualifications

• No relevant registration for P2B was found in the databases of major regulatory agencies such as the UK FCA , the US FinCEN , and Cyprus CySEC .

• This means that P2B is an unregulated exchange in the legal sense.

2. False advertising

• P2B emphasizes "global compliance" on multiple pages, but there is no official documentation to support this.

• Exaggerating the number of users and transaction volume to mislead investors.

3. Lack of fund protection

• There is no insurance fund (similar to the FDIC protection offered by Coinbase).

• There is no third-party Proof of Reserves.

IV. User Complaints and Rights Protection Cases

1. Withdrawal failed

• On Trustpilot , P2B has a rating of less than 2 stars.

• A large number of users complained that their recharges were successful, but their withdrawal applications were not processed for a long time or were even rejected.

2. Customer service lost contact

• Multiple posts on Reddit indicate that customer service tickets remain unresponsive after failed withdrawals. See this example Reddit complaint .

3. Coin listing scam

• In the FX110 exposure area ( FX110 exposure case ), a user accused P2B of charging high listing fees and then listing virtual coins, which then led to "surges in and out of prices" to profit from the scam.

5. Third-party media and industry warnings

• WikiFX : Rated as “unregulated, high risk” with a risk score of only 1.8/10.

• CoinMarketCap ( CMC exchange page ): There is a serious mismatch between trading volume and depth, and there is suspicion of false volume.

• CoinGecko ( CG exchange page ): shows extremely low trading activity for the pair, which contradicts the claimed trading volume.

• Cointelegraph : It has been commented that the P2B IEO model is extremely risky and has the problem of "project money-making".

VI. Analysis of Fund Security and Risk Models

1. Driven by high listing fees

• Almost any project can be launched online as long as a fee is paid.

• This model easily introduces scam coins and air coins.

2. Fake trading volume

• Inflating trading volume creates the illusion of active trading and misleads investors into investing.

3. Withdrawal barriers

• The platform blocked withdrawals on the grounds of “risk control review” and “technical maintenance”.

4. Lack of customer service

• There is no response to the complaint and users have no way to protect their funds.

7. Industry Comparison

8. BrokerHiveX Risk Dimension Scoring

• Compliance: 1/10

• Transparency: 2/10

• User Experience: 2/10

• Fund security: 1/10

• Public opinion: 2/10

👉Overall Rating: 1.6/10 (Very High Risk)

IX. Rights Protection and Reporting Channels

1. Evidence collection : Save deposit records, screenshots of failed withdrawals, and work order emails.

2. report :

• FCA Complaints Portal

• US SEC Complaint

• Estonian FIU Report

3. Public exposure : Use Trustpilot, Reddit, and FX110 to increase public pressure.

10. Conclusion and Investment Warning

P2B (p2b.com, formerly P2PB2B) is a typical unregulated, high-risk exchange :

• There is no threshold for listing coins, and there is a flood of virtual coins;

• There is a serious amount of fake trading volume;

• A large number of withdrawal failures;

• Investors lack any protection.

📌Investment Warning :
Stay away from P2B to avoid financial losses. If you have already been harmed, preserve evidence and seek legal redress through regulatory and public opinion channels.