A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of Cash2PM consists of four parts: general information, fees, deposit methods and security.
Cash2PM is a Russian cryptocurrency exchange. It feels unfair tospeak about a Russian cryptocurrency exchange without also mentioning YoBit, one of the first to ever exist. So there, now it’s mentioned.
This exchange does not explicitly forbid US-investors from trading on its exchange. But, US-investors should do their own independent assessment of any problems arising from their residency or citizenship.
If you want to trade the less known coins (Ethorse Coin, Octoin Coin, Origami Network Token, Taler Coin, Transcodium Coin, or any coin with a similar market capitalization to those), you’ll have to look elsewhere.
Cash2PM Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. At this exchange, there is only an order box. This makes it easily understandable for new crypto investors, while it might lack some features that more experienced traders look for. The below is a picture of the purchase interface at Cash2PM:
Cash2PM Trading fees
This exchange is different from most top crypto exchanges in the way that it does not offer trading between cryptocurrencies. The services offered relating to cryptocurrencies are, as far as we can see, selling BTC and receiving USD through inter alia the payment services Western Union, MoneyGram, Contact or Unistream. For such a sale, both Cash2PM and the chosen payment service provider charges a fee. For selling 1 BTC, the payment service providers charge as follows:
Western Union: 281 USD
MoneyGram: 300 USD
Cash2PM charges 20%. Needless to say, this is ridiculously expensive. The fees are absolutely barbaric and we would rather eat glass than use this service. But hey, each person out there should make their own choices.
Cash2PM Withdrawal fees
Considering how this exchange operates, withdrawal fees are irrelevant as it is built into the above service.
The exchange proudly states that it is a “certified partner” of Perfect Money, Payeer, Advanced Cash and Capitalist. So you should definitely be able to make deposits through those payment methods. The site has also listed the above payment methods before but we are unfortunately not sure anymore if they are still available.
Cash2PM’s security score is F, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is below industry average when it comes to top crypto exchanges.
The exchange reviewed above is what we call an “entry-level exchange”. This means that this exchange also makes it possible for someone to enter the cryptocurrency market with fiat currency. There are numerous entry-level exchanges out there, including (but not limited to):