Comparison of P2B vs Bitmex [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the P2B vs Bitmex comparison!

Your expert: Alejandro Borja

P2B

Your expert: Xavier Tarrasó

Bitmex

Main points

Fees

≈ 0,20%

Earns

Customer service

3/5

≤0,10%

Fees

Yes

Earns

3/5

Customer service

Recommended for

Beginners

Trading

Yes

Passive income

Buy and hold

Yes

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold

Comparison of fees

Rating

4.0 – Reasonable fees with additional benefits for token holders.

4.2 – Competitive fees with a focus on leveraged trading.

Level

≈ 0,20%

≤0,10%

Brief explanation

P2B’s commission structure is designed to be competitive, aiming to attract both novice and regular traders. The trading and transaction fees are moderate, placing P2B in a reasonable position compared to other exchanges. While the fees are not the lowest on the market, they strike a balance between cost and the value provided, particularly with the security and customer support offered. The fee system is transparently outlined on the website, making it easy for users to understand what they will be charged per transaction. This clarity in fee structure, combined with competitive rates, makes P2B a compelling choice for those new to trading cryptocurrencies.

BitMEX’s commission structure is geared towards facilitating a dynamic trading environment, particularly favorable for traders who engage in high-volume trading. The platform primarily charges a trading fee based on the maker-taker model, where makers, who add liquidity to the market by placing limit orders, generally pay a lower fee compared to takers, who remove liquidity by executing against existing orders. The fees on BitMEX vary depending on the product being traded but are typically in the range of 0.025% to 0.075% for makers, which can actually go negative, effectively rewarding makers for adding liquidity. Takers, on the other hand, face fees from 0.075% to 0.25%. This competitive fee structure is particularly advantageous for frequent traders who can benefit from lower costs as their trading volume increases. Moreover, BitMEX does not charge fees for deposits or withdrawals, though standard blockchain network fees apply when withdrawing cryptocurrency. This aspect of the fee structure makes it straightforward and cost-effective for users to manage their funds, aligning with BitMEX’s user-centric approach to crypto trading.

P2B

Security Methods: P2B employs robust security measures, including the storage of 96% of assets in cold wallets, ensuring high levels of protection against potential online threats.
Reputation and Reviews: The exchange has built a strong reputation among users, particularly praised for its user-friendly interface and security, garnering positive reviews across various platforms.
Transparency: P2B is noted for its transparency in operations, clear communication about its features, and the security protocols it employs, which builds trust among its user base.
Customer Service: The exchange provides excellent customer support, offering quick and helpful responses to user inquiries and issues, which enhances user trust and satisfaction.
Withdrawal and Deposit Policies: P2B has straightforward and reliable withdrawal and deposit policies, ensuring users can manage their transactions efficiently and with confidence.

Bitmex

Security Methods: BitMEX employs robust security measures, including multi-factor authentication and manual checks for withdrawal processes. This comprehensive approach ensures that all transactions are secure and user funds are protected against unauthorized access.
Trading Volume and Liquidity: The platform is known for its high liquidity and substantial trading volume, which enables traders to execute large trades without significantly affecting the market price. This high volume and liquidity make it a preferred choice for serious traders looking for effective trade execution.
Reputation and Reviews: BitMEX has built a strong reputation in the cryptocurrency trading community, particularly among experienced traders who require advanced trading tools. Despite facing regulatory challenges, it maintains positive reviews for its technical capabilities and innovative financial products.
Year Founded: Established in 2014, BitMEX is one of the more seasoned platforms in the rapidly evolving crypto exchange landscape. Its longevity in the market speaks to its resilience and ability to adapt to the changing regulatory and technological environments.
Customer Service: BitMEX provides dedicated customer service that assists users with any inquiries or issues. The availability of responsive support helps in building trust and ensures that users can rely on prompt assistance whenever needed.

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Account Minimum

Get started with just $100.

And 1% fee on all cryptocurrency trades.

Direct link to the website

Product selection

Native token

Earns

Yes

NFT marketplace

Cripto/debit card

Full name

P2B exchange

HDR Global Trading Limited

Regulation

Not regulated

Not regulated, enfrentó acciones legales en los EE. UU.

Year founded

2018

2014

Founder

Unknown

Arthur Hayes, Ben Delo, Samuel Reed

Payment methods

Transfers

Mastercard

Yes

Wire transfer

Card

Yes

Comparative table

P2B	FEATURES	Bitmex
P2B allows for low minimum trades, making it accessible for beginners, but could benefit from even lower thresholds.	Minimum Trade	BitMEX allows for relatively small minimum trade sizes, making it accessible for traders who prefer to start with smaller amounts.
Fees are competitive but could be improved to match or undercut leading competitors.	Trading and Transaction Fees	BitMEX offers competitive fees, especially for high-volume traders, but can be slightly on the higher side for low-volume or casual traders.
Offers a moderate range of cryptocurrencies, focusing on newer tokens which may limit variety for some users.	Number of Cryptocurrencies	While BitMEX supports major cryptocurrencies, its focus is more on derivatives and futures rather than providing a wide array of crypto assets.
Limited primarily to new tokens, lacking depth in established crypto-to-crypto pairs.	Crypto-to-Crypto Trading Pairs	BitMEX provides a solid selection of trading pairs for major cryptocurrencies, especially in derivatives markets.
The website provides clear information about operations and fees, though some areas could be more detailed.	Website Transparency	The platform is quite transparent about its terms, fees, and trading options, though some users may find the information overwhelming.
P2B Exchange does not currently offer its own exchange card for customers to use for in-store purchases or to receive benefits. This lack of a branded card means users miss out on potential benefits such as cashback on purchases, rewards, or easier access to spend their cryptocurrencies in everyday transactions.	Credit/Debit Card	BitMEX lacks a debit or credit card feature for spending or earning rewards, limiting its utility for everyday transactions compared to other exchanges that offer such cards.
Excellent security with 96% of assets in cold storage, providing high-level asset protection.	Storage Offering	BitMEX provides secure storage options, but as a derivatives exchange, it does not emphasize wallet services like other exchanges.
Offers limited options for staking and rewards, which could be expanded to enhance user returns.	Staking and Rewards	Limited options for staking or earning rewards, as BitMEX is primarily a trading platform for derivatives.
Both platforms are user-friendly but could offer more features and smoother functionality.	Mobile App and Desktop	Both mobile and desktop platforms are robust and well-designed, offering high functionality for trading on the go or at a workstation.
Provides excellent customer service with quick and helpful responses, setting a high standard.	Customer Service	Customer service is adequate, with support channels available, but response times and resolution effectiveness can vary.
Smooth deposit and withdrawal processes, though some limitations apply to methods and currencies.	Deposit and Withdraw	BitMEX supports efficient mechanisms for deposit and withdrawal, though primarily limited to cryptocurrency movements.

Key features

Analysis tools

Basic charting tools

High-level technical analysis tools, derivatives trading features

Mobile APP

Security

High 4,9/5

Additional features

Margin trading, futures trading, staking, P2B Launchpad

High leverage trading, futures contracts, perpetual contracts, BitMEX Academy

Anonymity

Key points

Available cryptocurrencies

100+

Primarily derivatives, few direct cryptocurrencies

User-friendliness

P2B provides a straightforward and easy-to-use platform that is ideal for beginners. The interface is clean and intuitive, making it easy to navigate and execute trades.

BitMEX, while offering advanced trading features, has a relatively user-friendly interface. However, it may be more suited to those with some experience in trading due to its focus on leveraged trading.

Value for money

Delivers reasonable value for money with competitive fees and a wide range of supported cryptocurrencies, though it may not suit all traders.

Delivers reasonable value for money with competitive fees and advanced trading features, though its focus on leveraged trading may not suit all users.

Countries of operation

United States, Canada, United Kingdom, Australia, Singapore

Global, including United States, Canada, United Kingdom, Australia, Germany

Best for

Best for traders seeking a platform with a wide range of cryptocurrencies and competitive fees.

Ideal for experienced traders interested in leveraged trading and advanced trading features.

Base currencies available

USD, EUR, BTC

BTC, USDT (for derivative products)

Account

Trading

P2B offers a wide range of cryptocurrencies and competitive fees. It provides advanced trading tools but has lower liquidity compared to larger exchanges.

BitMEX is renowned for its derivatives trading and leverage options, making it ideal for experienced traders. However, it is not suitable for beginners due to its complexity and high-risk trading environment.

Deposit and withdrawal

P2B offers multiple deposit options, including bank transfers and cryptocurrencies. Withdrawals are processed quickly, with competitive fees.

BitMEX focuses on cryptocurrency deposits and withdrawals, with no support for fiat currencies. Withdrawals are processed daily, and fees are minimal, but users must manage the timing of their requests.

Account opening process

P2B offers an easy and quick account opening process. Users need to provide personal information and verify their identity. The process is fully digital and typically takes less than a day to complete.

BitMEX has a straightforward account registration process, requiring personal information and identity verification. The process is quick and fully digital, making it easy for users to start trading within a short period.

KYC required?

Yes

Customer Service

P2B offers customer support via email and live chat. The support team is responsive and helpful, but the lack of 24/7 support may be a limitation for some users.

BitMEX offers customer support through email and live chat. The support team is knowledgeable and responsive, but the absence of phone support and limited availability can be a disadvantage.

Security

P2B offers comprehensive security measures, including 2FA and cold storage. Despite its strong security measures, the platform is not regulated by top-tier financial authorities, which could be a concern for some investors.

BitMEX ensures security with 2FA, encryption, and cold storage. It is not regulated by top-tier financial authorities, which might be a concern for some users regarding the safety of their funds.

Which of these exchanges is for you?

Alejandro Borja

As an expert on our website, I’d recommend P2B for newcomers to the cryptocurrency world, particularly those looking to invest in new and emerging tokens. While the exchange offers excellent security and user-friendly interfaces, it would benefit significantly from expanding its range of trading tools and established cryptocurrency offerings. For those starting out or looking to explore initial coin offerings, P2B provides a supportive and secure platform, but seasoned traders might find the features somewhat limiting.

Xavier Tarrasó

As an expert reviewing cryptocurrency exchanges, I find BitMEX to be a compelling option for experienced traders who are looking for high leverage and sophisticated trading options. However, due to its complexity and the high risk associated with its leverage capabilities, I recommend it primarily for seasoned traders. New users should approach with caution and consider starting with smaller trades until they become more familiar with the platform’s functionalities.

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How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Comparison of P2B vs Bitmex [ 2024 ]

P2B

Bitmex

Main points

Recommended for

Comparison of fees

Rating

Level

Brief explanation

P2B

Bitmex

Product selection

Native token

Earns

NFT marketplace

Cripto/debit card

Company information

Full name

Regulation

Year founded

Founder

Payment methods

Transfers

Mastercard

Wire transfer

Card

Comparative table

Minimum Trade

Trading and Transaction Fees

Number of Cryptocurrencies

Crypto-to-Crypto Trading Pairs

Website Transparency

Credit/Debit Card

Storage Offering

Staking and Rewards

Mobile App and Desktop

Customer Service

Deposit and Withdraw

Key features

Analysis tools

Mobile APP

Security

Additional features

Anonymity

Key points

Available cryptocurrencies

User-friendliness

Value for money

Countries of operation

Best for

Base currencies available

Account

Trading

Deposit and withdrawal

Account opening process

KYC required?

Customer Service

Security

Which of these exchanges is for you?

How do we review crypto exchanges?

Risk Disclaimer

More comparatives P2B and Bitmex