14.07.2024

Review of P2P cryptocurrency exchange platform Bitzlato

Bitzlato, also known as BTC Banker, is a modern and convenient P2P platform that allows you to exchange: Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Dogecoin (DOGE), Bitcoin Cash (BCH), Litecoin (LTC), Dash (DASH) and other cryptocurrencies without intermediaries and hidden fees.

Bitzlato is the largest P2P cryptocurrency exchange platform in the CIS.

Initially, BTC banker @BTC_CHANGE_BOT was introduced – a telegram bot with which users can directly exchange cryptocurrency. A little later, new bots were introduced for exchanging other popular cryptocurrencies. Bitzlato did not stop at Telegram bots, then they developed the Web version of the P2P platform for exchanging cryptocurrencies, Payment gateway, Crypto lending, and at the moment they have launched the exchange in test mode. Later in the article we will tell you more about all the products.

How does a P2P platform work?

A P2P cryptocurrency exchange platform (peer to peer) is a cryptocurrency trading platform where users can buy and sell cryptocurrency from each other directly.

The buyer transfers money to the seller’s account, and the seller sends the cryptocurrency through the platform. The only intermediary in P2P exchange is a program that transfers cryptocurrency from the seller’s deposit to the buyer’s wallet.

The exchange process goes like this:

  • the seller creates an ad, he indicates the cryptocurrency for sale, the exchange rate and the method of payment;
  • the buyer responds to the ad, the seller confirms the deal;
  • the platform blocks the cryptocurrency on the seller’s deposit;
  • the buyer sends money to the seller;
  • the seller confirms the payment in the platform;
  • the platform sends cryptocurrency from the seller’s deposit to the buyer’s wallet.

Why choose Bitzlato?

  • Buy and sell cryptocurrency commission-free on existing ads.
  • P2P exchange in a Telegram bot. Bitzlato first gained popularity as a Telegram bot for exchanging cryptocurrencies, and its services integrated into Telegram remain relevant and in demand to this day. It provides a convenient way to buy and sell cryptocurrency without any hassle.
  • Trade cryptocurrencies using the Bitzlato web platform. Bitzlato web platform is simple and easy to use for beginners. However, it also supports advanced trading tools for experienced traders.
  • Safe and reliable service. Bitzlato operates a secure cryptocurrency exchange service that has been operating since 2016 and has not yet experienced a security breach.
  • Rating for sellers. After the exchange, the buyers evaluate the sellers. On Bitzlato, information about the seller is indicated: the number and volume of transactions, defeat in disputes, trust rating. Accordingly, you have the option to select a seller by rating.
  • Verification is optional for trading. On Bitzlato, you can buy and sell cryptocurrencies without verification. But after passing the verification, you will increase the trust of the service and other users in you.
  • Instant deals. Average transaction time is less than 6 minutes .
  • The ability to send cryptocurrency within the service without a commission using checks.
  • The service support service works 24/7 and will always help you with any question.

What are the fees on Bitzlato?

On Bitzlato, you can buy and sell cryptocurrency with 0% commission on an existing ad (the user responds to a suitable ad on the board). If you create your own ad, you are charged a 0.5% commission . Commission for buying or selling coins based on a created or your own ad in USD, EUR, KZT and more than 60 currencies – 0% .

For example, if you are satisfied with an ad, regardless of whether it is about buying or selling cryptocurrency, you will not be charged a dime more than the ad says (except for a payment processing (transaction) fee, which depends on the payment method you choose) …

That is, the person who responds to the ad does not pay any commissions!

Referral program

Each user has an additional opportunity to earn on Bitzlato using the Referral Program. It has no invitation limit, starts immediately and has no expiration date. A referral is considered invited by you if he registered in the service using your referral link.

You get 8% of the service commission if your referral was the creator of the ad. You will receive 32% if your referral made a deal on an already created ad.

Bitzlato Products

  1. P2P cryptocurrency exchange platform (Telegram bot and Web version) is an opportunity to easily and quickly buy or sell cryptocurrency directly from another user.
  2. A payment gateway is a convenient way to accept card payments for goods or services not only in dollars, rubles, etc., but also in cryptocurrency. The service provides complete anonymity and no chargebacks, supports many coins and payment methods. You will be able to pay for purchases with cryptocurrency through the Web interface and through bots in your Telegram account.
  3. Lending is an opportunity to issue and receive instant loans secured by cryptocurrency at rates as low as 1% per annum. There are no limits on the loan amount for users and there is no need to provide income statements or credit history. Using the P2P lending service, it is possible to get a loan in a minute without signing contracts and additional conditions or imposing insurance, which banks often do. In addition, there are no fees for early repayment of debt. All transactions take place in a convenient Telegram bot. You can select a loan manually or use automatic selection.
  4. Exchange – at the moment the Bitzlato exchange is working in test mode, and very soon you will be able to take advantage of all its features!

Bitzlato is an innovative and promising P2P cryptocurrency exchange platform that is rapidly developing and gaining momentum. It protects the privacy and anonymity of users, allowing you to buy and sell cryptocurrency easily, quickly and at the best rate. Commissions are extremely low or even zero for buying and selling cryptocurrencies, making Bitzlato the best P2P platform option.

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