The exchange for p2p cryptocurrency exchange focuses on the international market and offers favorable terms of cooperation.
Bitpapa is a cryptocurrency exchange. The service appeared on the international market in 2018 and has been actively developing since then. In early 2020, the site launched its own Telegram bot called BitpapaExpress.
In this review, we will take a closer look at the opportunities the project provides to its customers and find out whether Bitpapa is a scam and scammers or a reliable exchange for trading cryptocurrencies.
Bitpapa is a marketplace for p2p cryptocurrency exchange. The platform appeared on the market only three years ago and is actively gaining popularity. The company focuses on the international market, so the interface The official website is presented in Russian and English. The main office of the company is located in the UAE, where the regulation of the organization is carried out. The platform allows customers to exchange rubles, dollars or euros for Bitcoin or Ethereum. The service also supports popular payment systems and banks. The advantage of the company is an automatic Escrow system. This means that the site acts as a third party that automatically blocks cryptocurrency before the counterparty confirms the fiat transfer. The platform is suitable for both experienced users and Beginners, thanks to simple and clear interface. As such, there is no terminal on the site, so the trader will not need extra time to understand the functionality.
The organization has its own mobile application for iOS and Android, which allows users to quickly access the functionality of the platform from their smartphone. For its clients, the exchange has also developed an interesting and informative blog, which is available in both English and Russian. Here users can find materials about cryptocurrency, mining, tokens, the latest events, as well as Company news (cryptocurrency trading training). Among the main advantages of the exchange are:
- simple and convenient platform;
- informative blog;
- loyal commissions;
- referral program;
- fast cryptocurrency exchange.
In order to make the exchange of pre-currency, the user needs to register a profile and confirm the email address. Then the client should go to “Buy” or “Sell” and choose the appropriate an offer from the list. The next step is to send a request to the seller. To do this, it is necessary to fill out a form, specifying the amount of cryptocurrency to sell/buy. After the request is approved, the user will be able to execute the transaction.
Verification on the bitpapa.org platform
As such, there is no mandatory verification process on bitpapa.com. To ensure the security of their account, the user can connect two-factor authentication. To do this you need to Go to “Security settings”, select the necessary tab and connect the authentication. Also, the site is different in that users can choose how to verify each other. So Thus, one client may ask to present documents confirming the identity of the other.
Replenishment and withdrawal
To deposit, a user needs to go to their profile on bitpapa.com and click on the wallet icon in the upper right corner. Next, select the type of cryptocurrency and click on the “Get” button.
The address will appear in front of the user, which should be inserted into the e-wallet, from where the transfer will be made.
To withdraw money from the project, the user should also click on the wallet icon and the “Send” button. Then they must insert the address of the purse, which will be used for the transfer. To withdraw all funds at once, client can click on “Max”.
Commission of the cryptocurrency exchange
The company does not charge any commission for users’ transactions. To withdraw funds to an electronic wallet, the trader will need to pay a commission of 0.5% of the amount. Transfers within the system are not charged fee. There are also commissions for Bitcoin and Ethereum networks, which directly depend on the network congestion.
From time to time information about various promotions and bonuses appears on the company’s website bitpapa.com. However, there are no special offers for users at the moment.
For those clients who want to earn extra income, the service has developed an affiliate program. The program allows traders to attract new members to the project via a unique referral link. As soon as a referred referral performs a transaction, a partner can receive a percentage of the commission amount. The referral program has three levels:
- for a referral of level 1 – 50% of the commission amount;
- For a Level 2 referral – 10% of the commission amount;
- For the 3rd level referral – 5% of the commission amount.
Regulation of crypto exchange
Before you start working on the exchange, you should carefully check the documentation as well as the legal information about the platform. Let’s take a closer look at how the Bitpapa digital asset trading exchange is regulated.
It is known that the company does not have any license, but this may be due to the fact that the platform is quite young. On the website bitpapa.com you can find all the necessary documentation for for users. The contact information and location of the main office is not hidden.
Bitpapa.com User Agreement
“User agreement” is the main document that the trader needs to get acquainted with before starting the cooperation with the company. The agreement contains all the necessary information about the rules of trading on the site, as well as the rights and obligations of clients and organizers. Let us consider some points in details. The agreement specifies information that the company provides clients with the opportunity to publish, link, store, share and otherwise provide information, text, graphics, video or other materials. The user assumes full responsibility for the content he or she posts to the service, including its legality, reliability and appropriateness.
By posting content to the service, the trader grants the company the right and license to use, modify, publicly perform, publicly display, reproduce and distribute such content within and through the service. The client retains all of its rights to any content that it submits, publishes or displays on or through the service and is responsible for protecting those rights. The user agrees that this license includes the right for the organization to make content available to other users of the service who may also use it in accordance with these terms.
The platform may contain links to third-party sites or services that are not owned or controlled by the exchanger. The organizer has no control over, and assumes no responsibility for, the content, privacy policies, or practices of any third-party sites or services. The User acknowledges and agrees that it shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any such content, goods or services available through any such sites or services.
Organizer shall have the right to terminate or suspend any account immediately, without notice or liability, for any reason, including without limitation, if the customer violates the terms and conditions. Upon termination of the account, the user’s right to use the service ceases immediately. If a customer wants to close their account, they can simply stop using the service.
The company, and its directors, employees, partners, agents, suppliers or affiliates are not liable for any consequential, incidental, special or punitive damages, including lost profits, data, use or other intangible losses resulting from
- user access or use or inability to access/use the service;
- any conduct or content of any third party on the service;
- any content obtained from the service;
- unauthorized access, use or alteration of transactions or content, whether based on
- warranty, contract, tort (including negligence) or any other legal theory, regardless
- of whether the organizer has been informed of the possibility of such damages and
- even if it is established that the remedy set forth herein has not achieved its primary purpose.
The user understands and accepts that he is using the platform at his own risk. The Exchange is provided on an “As Is” and “As Available” basis with no warranties, express or implied, including implied warranties of merchantability, fitness for a particular purpose, or non-infringement. Company, its subsidiaries, affiliates and licensors do not warrant that:
- the service will be uninterrupted, safe, or available at any particular time or place;
- any errors or defects will be corrected;
- the service will be free of viruses or other harmful components;
- the results of use of the service will meet the requirements of users.
A technical support representative can be contacted by:
- email: [email protected];
- feedback form;
- social networks.
Also, before contacting a technical support representative directly, the user can read the answers to the most popular requests from other customers.
Bitpapa is a young exchange for trading digital assets that appeared on the financial market in 2018. In a short time, the project has managed to gain popularity and is actively developing. The site has all the necessary
documentation. The main disadvantage of the project is that it does not have a license, but this may be due to the fact that the company is only three years old.
Before registering on the site, the user should study all the necessary documentation, because the trade itself is quite risky process. If you have been or are a customer of the exchange
Bitpapa, leave your independent opinion about the work of the site on our website.