UPDATE 11 November 2021: When trying to access the website of Cash2PM today, we were unsuccessful. There have been no preceding messages on system maintenance or new websites or anything similar. The platform has also been reported to be a scam by a number of different independent sources.
Accordingly, we have marked the platform as "dead" in our Exchange Graveyard.
To find a reliable exchange where you can start an account, just use our Exchange Filters and we'll help you find the right platform for you.
Cash2PM is a Russian cryptocurrency exchange. It feels unfair to speak 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, 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
Then, in addition to the above fees, Cash2PM charges a "service fee" 10%. 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.