Global leading cryptocurrency exchange and Web3 company Bitget has announced the launch of "Shield," a peer-to-peer (P2P) trading security layer designed to further elevate the safety of its P2P transactions. This new protective measure aims to safeguard users by strengthening the platform’s defenses against fraudulent activities and improving overall reliability.
Key Features of Bitget P2P Shield
- Financial Protection: Shields users from financial losses due to scams during P2P settlements. Eligible claims will be compensated directly by Bitget’s operational funds.
- Enhanced Trust: Builds user confidence by ensuring a secure trading environment.
- Platform Accountability: Covers only losses tied to platform-related issues (e.g., technical failures or verified scams within Bitget’s ecosystem).
Bitget’s Broader Security Commitments
- $300M Protection Fund: A dedicated reserve to safeguard user assets.
- Proof of Reserves: Transparent real-time audits to verify asset backing.
- Multi-Layered Verification: Mandatory KYC checks and encrypted platform communications.
How Users Can Avoid P2P Scams
✅ Confirm payment completion before releasing cryptocurrencies.
✅ Avoid order cancellations after payment.
✅ Never share personal data during transactions.
✅ Verify sender identities match KYC details.
✅ Stick to in-platform chats—external communications are risky.
👉 Explore Bitget’s P2P Trading
Limitations of Shield Coverage
- Excludes user errors (e.g., unverified payments or trading with untrusted parties).
- Focuses on platform-linked issues.
Supported Currencies & Payment Methods
Bitget P2P supports 70+ fiat currencies, including EUR, NGN, and BRL, with 30+ payment options like Volet.com, Revolut, and bank transfers.
About Bitget
Founded in 2018, Bitget serves 25M+ users across 100+ countries, offering innovative solutions like copy trading and Bitget Wallet (a top-tier Web3 multichain wallet). Partnered with legends like Lionel Messi, Bitget champions crypto adoption globally.
FAQs
Q1: Does Shield cover all P2P transaction losses?
A: No—only losses tied to Bitget’s platform operations (e.g., technical failures). User negligence isn’t included.
Q2: How do I verify a P2P payment?
A: Check your linked account for completed deposits marked "successful" before releasing crypto.
Q3: What makes Bitget P2P secure?
A: KYC mandates, encrypted chats, and real-time transaction monitoring.