Bitget Launches P2P Security Layer 'Shield' to Ensure Safety and Mitigate Users' Losses
Press release
Victoria, Seychelles, 23rd August, 2024:
Bitget, the leading cryptocurrency exchange, has announced the launch of P2P security layer Shield, which increases security within its peer-to-peer (P2P) trading. This new layer is aimed at assuring users, building trust and reliability of the platform from fraudulent activities that can occur in P2P transactions.
The
Bitget P2P Shield program offers financial protection to users who are victims to fraud on peer settlements. In such cases, users are assured of compensation to mitigate losses directly related to the platform's operations. This feature aims to build trust among users, ensuring a more confi dent trading experience.
The P2P Shield is an addition to Bitget's security layer which boasts of a
$300M Protection Fund and transparent
Proof-of-Reserves. The introduction of Bitget P2P Shield shows the platform’s focus on creating a safer environment for
P2P trading. By addressing potential risks, Bitget aims to strengthen its position as a trusted player in crypto space.
In order to prevent P2P scams, it is important for users to verify payment deposits before releasing crypto, and mark payments as completed. Additionally, traders should avoid canceling orders post-payment and refrain from sharing personal details during trades. Unverified communications should not be trusted and users need to ensure the sender's name matches the KYC details, and only trade within the platform to stay secure.
It is vital to note that the Shield program only covers platform-related issues. Users are encouraged to remain vigilant and exercise caution, as losses due to user-related errors, such as failing to verify payments or trading with untrusted parties, are not covered.
As a major fiat-to-crypto channel, the Bitget P2P platform now supports nearly 70 fiats including EUR, NGN and BRL. To facilitate payment, it has added over 30 payment methods such as Volet.com (Formerly Advcash), Revolut, and Bank Transfer.
For more information, on P2P Shield, please visit the official announcement
here.
About Bitget
Established in 2018, Bitget is the world's leading
cryptocurrency exchange and Web3 company. Serving over 30 million users in 100+ countries and regions, the
Bitget exchange is committed to helping users trade smarter with its pioneering
copy trading feature and other trading solutions. Formerly known as BitKeep,
Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team).
For media inquiries, please contact:
[email protected]
2024-08-23
Bitget lists Orderly Network (ORDER) the Omnichain Liquidity Layer on LaunchpoolHow to buy BTCBitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade nowRecommended
Press releaseBitget Launchpool adds Spacecoin (SPACE) with over 22.9M in Token Rewards Victoria, Seychelles, January 27, 2026 – Bitget, the world’s largest Universal Exchange (UEX), has announced the addition of Spacecoin (SPACE) to Bitget Launchpool and with spot trading now available. Spot trading for the SPACE/USDT pair opened on January 23, 2026, 12:00 (UTC). To celebrate the listing, Bitget Launchpool will run a campaign, offering a total of 22,947,000 SPACE in rewards. Eligible users can participate by locking BTC, ETH and SPACE during the event, which runs from January 26,2026-01-27
Press releaseBitget Launches Trading Club Championship with 27,000 BGB Prize Pool Victoria, Seychelles, January 27, 2026 — Bitget, the world’s largest Universal Exchange (UEX), is transforming the digital gold market into a high-stakes arena with the launch of the Bitget Trading Club Championship (XAUT Special), a week-long trading competition designed to bring together gold token traders across its global community. Running from January 26 to February 1, 2026 (UTC+8), the campaign invites users to trade XAUT and compete for a share of a 27,000 BGB reward pool, with top ind2026-01-27
Press releaseBitget VIPs Save $289M USDT in Fees Under the Recent Program UpgradeVictoria, Seychelles, January 22, 2026 — Bitget, the world’s largest Universal Exchange (UEX), is excited to share Bitget’s VIP program journey which has evolved from a fee tier into a full-spectrum ecosystem for high-performance trading, marked by sweeping fee upgrades and a new identity under the banner “Maximum Perks, Minimum Fees.” At the center of this release is 2025 VIP Universe Trek, a personalized annual report that turns data into narrative. Each VIP receives a tailored view of their2026-01-22
We offer all of your favorite coins！
Buy, hold, and sell popular cryptocurrencies such as BTC, ETH, SOL, DOGE, SHIB, PEPE, the list goes on. Register and trade to receive a 6200 USDT new user gift package!
Trade nowHow to buy BTCBitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now