Bitpapa: review of the p2p marketplace and wallet, reviews. Instructions for buying and selling cryptocurrency with examples

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Bitpapa.com is a p2p exchange marketplace between cryptocurrency and fiat. Supports cryptocurrencies Bitcoin, Ethereum, USDT, and fiat currencies rubles, dollars and euros. Buying and selling are carried out between users, the service is used as a storage wallet. Average transaction time is less than 2 minutes. Security of transactions is ensured by the automatic system Escrow At the beginning of 2020, the BitpapaExpress telegram bot was launched.

Official website: bitpapa.com. Telegram bot: @BitpapaExpressBot

The main goal of the project is to create an international marketplace where users can buy or sell cryptocurrency in a few clicks, as well as store it safely. In case of disputable situations, the service acts as an arbiter. Round-the-clock technical support works.

Bitpapa has no limits, and there are no fees for transfers within the system. There is a withdrawal commission of 0.5%. The optional KYC deserves special attention: users themselves determine the most convenient way to verify each other. There is a possibility of additional earnings on the affiliate program.

Basic information

NameBitpapa
Official sitebitpapa.com
Telegram botYes, @BitpapaExpressBot
Servicesp2p-exchanger, wallet
Year of foundation2018
Country of registrationBelize
Registration addressNew Horizon Building, 3 ½ Miles Philip S.W. Goldson HWY, Belize city, Belize
Company namePapa Holding LTD
Russian language supportYes
Working with fiat moneyYes
Fiat currenciesEuro, dollars, rubles
CryptocurrenciesBitcoin, Ethereum, USDT
Payment optionsSberbank, Tinkoff, Alfa Bank, VTB and other Russian banks. Yandex.Money, WebMoney, Western Union, QIWI, Skrill, SolidTrust Pay, PerfectMoney, Paysera, Paysafecard, Paypal, Payoneer, Payeer, Paymer, Paxum, Neteller, NixMoney, Moneygram, Idram, Liqpay, Epese, GlobalMoney, Epay, Epayments, CASH, E-kzt, Alipay, Capitalist, AdvCash
Transaction feesCommission-free transactions. Internal transfers without commission.
Transaction fees0.5% + blockchain commission
Trade volume limitNo
VerificationThe system only requires confirmation of the phone number to open more ads. It is possible to request confirmation of identity from another user (usually scans of documents, selfies with a document or a payment card).
SecurityTwo-factor authentication, anti-phishing word
Mobile appNo
Контактыhi@bitpapa.com, form on the website
Social networkshttps://www.facebook.com/bitpapacomhttps://www.youtube.com/channel/UCm_IUs3ntjCS-tbb8EcQzcA; https://t.me/bitpapa_com

Registration on the site

To create an account on the Bitpapa platform, click the “Register” button in the header of the site.

Come up with a username, enter your e-mail and password, solve the captcha and click “Register”. Confirm the correctness of the email address by clicking on the link from the letter sent to it.

You will be taken to your personal account. If the interface language has become English, you can switch it at the bottom of the site.

Personal Area

On the main page of your Bitpapa personal account, you can see information about your transactions.

There are three tabs in your account settings:

✅  Profile. Verification information (phone and identity confirmation), account statistics, linking to Telegram.

✅  Security. Here, two-factor authentication is enabled, an anti-phishing word is set, the password is changed, and the phone number is confirmed. It is advised not to overlook the security settings in order not to lose access to your account and funds in the wallet.

✅  Reviews. Feedback from other users left to you.

How to set up security for your Bitpapa account

To enable two-factor authentication, download the free Google Authenticator app to your mobile device. Open it and click “+”. Then scan the QR code suggested by the Bitpapa website in the two-factor authentication settings. A code will instantly appear on the phone screen. It refreshes every few seconds.

Enter the code in the appropriate field on the site. This completes the verification connection.

To confirm your phone, enter its number, wait for the SMS-message and enter the received code.

You can specify absolutely any anti-phishing word, the main thing is that it is well remembered.

How to buy cryptocurrency

To buy cryptocurrency on the Bitpapa website, you need to select a suitable ad. Click Buy at the top of the page. A list of available ads will appear, from which you can find out the following information about each offer:

✅  Seller name.

✅  His status (blue circle – online, gray – offline; you can hover the mouse and find out when he was last on the site).

✅  The approximate number of transactions he successfully completed.

✅  Payment methods available.

✅  The rate of the cryptocurrency to the selected fiat currency (the percentage difference with the average market price is indicated).

✅  Minimum and maximum trade limits.

After choosing the appropriate conditions, click the “Buy” button.

A page will open where you can view more detailed information about the deal. After examining it, enter the required purchase amount and click “Send request to seller”. Before that, you can write him a welcome message.

At the next stage, you communicate with the seller and receive from him the details to which you need to transfer funds for the purchase.

Transfer the specified amount of funds according to the issued details within a limited time. Click “Payment made” and wait for the seller to confirm this.

After that, your balance in the system will be replenished with the required amount in cryptocurrency.

You can leave a review for the seller, it will be useful to other users.

And you, too, in turn, can be left a review.

How to create an ad

Log into your Bitpapa account and click “Create Ad”.

Enter ad parameters:

✅  You want to buy or sell cryptocurrency.

✅  Which one excatly – BTC, ETH, USDT.

✅  In which country.

✅  What currency do you want to receive payment in.

✅  How the price will be calculated – according to the formula or from the average market level.

✅  Percentage of margin, that is, the markup compared to the market rate.

✅  You can set a specific trading schedule or make it available around the clock.

The next step is to choose a payment method (bank payments, payment systems, etc.). Only one payment method can be specified per ad.

After clicking “Next”, the limits and other conditions of the transaction are selected:

✅  Minimum and maximum transaction amount.

✅  The time during which the second user must pay.

✅  Whether the user needs to have a verified phone number.

✅  Additional description of conditions.

By clicking “Next”, you get the opportunity to view your ad, make sure that all parameters are set as needed. Then click “Publish” and await responses. Remember that ads for buying cryptocurrency can be active if you have at least 0.001 BTC (0.001 ETH, 0.001 USDT) on your balance. As soon as the balance becomes lower, then the ad goes into an inactive state. It will become active again as soon as the account balance is replenished.

How to buy cryptocurrency using the BitpapaExpress Telegram bot

Instructions on how to buy cryptocurrency using a bot:

  1. Follow the link https://t.me/BitpapaExpressBot.
  2. Click “Run”.
  1. We indicate the amount in rubles or in BTC:
  1. Choosing a suitable offer:
  1. We indicate the bitcoin wallet address:
  1. We read the terms of the transaction, agree with them or not:
  1. We transfer funds to the issued requisites and click “I paid”.
  2. We receive bitcoins to the wallet address. To track the transaction, the bot will send a link to the blockchain browser.

Deposit and withdrawal of funds

Click “Get” in your Bitpapa account to top up your balance. Pre-select the desired cryptocurrency using the small tabs on the left.

Send the selected cryptocurrency to the specified address. You can use the QR code by scanning it through the mobile wallet app you are using. You can also generate a new address at any time.

To withdraw funds, click “Send” in the same window.

Insert the address of the wallet to which the money should be sent. Enter the amount (you can press Max to withdraw everything at once). Add a description of the transaction, if desired. The commission will be calculated automatically based on the 0.5% service commission + the blockchain commission currently set.

Bitcoin network commission can be changed:

Click Submit.

Enter the two-factor authentication code found in the app on your mobile device.

All transactions can be viewed in the transaction history.

Referral program

With the help of the referral program on Bitpapa, you can receive additional income in cryptocurrency to your balance. The system is structured as follows:

✅  The user copies and distributes his referral link.

✅  Other users follow it and register on the service.

✅  As soon as the referral makes an external transaction, the referrer receives 50% of the Bitpapa service commission.

The reward is credited to the account balance immediately after the referral makes an external transaction, that is, the withdrawal of funds, which is subject to the platform’s commission. The reward is expressed in the cryptocurrency in which the funds were used by the referral. Any user can refer an unlimited number of invitees using their unique link. The service checks all new partner registrations for reliability – you cannot register yourself using your link and make money dishonestly.

Commissions and limits

There are no limits on transactions, withdrawals and deposits on Bitpapa.

There are also no fees for transfers within the service and for transactions. There is a commission of 0.5% for withdrawals, plus fees for miners, which depend on network congestion. You can always check the current network commission on the wallet page.

Advantages and disadvantages

Pros: ✅

✅  Safe easy transactions directly between users.

✅  The platform acts as a guarantor of the transaction.

✅  Convenient feedback system that allows you to choose a reliable counterparty.

✅  Minimum fees (only for withdrawing funds to external wallets).

✅  Fiat money support and a wide range of payment methods.

✅  Lack of mandatory verification.

✅  A profitable affiliate program that gives 50% of the referral commission.

✅  You can use the service as a wallet for storing cryptocurrency.

✅  Detailed reference information.

✅  You can change fees in the Bitcoin network.

✅  Telegram bot.

Cons: ❌

❌  Of the cryptocurrencies, only Bitcoin and Ethereum are supported, as well as the stablecoin Tether. There are currently only three fiat currencies supported, but the plus is that they include rubles.

Conclusion, reviews

Many people think that such p2p services are the future, since decentralized exchange offers a number of advantages. There is no need to trust your funds to third parties or companies – all exchanges take place directly between users, and the service plays its role only in resolving disputes. Bitpapa has an important advantage over similar sites, which is the absence of commissions for transactions and transfers within the system, as well as the ability to conduct transactions with Ethereum and USDT, in addition to Bitcoin.

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