Blog>
Bitget Launches P2P Security Layer 'Shield' to Ensure Safety and Mitigate Users' Losses
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:
media@bitget.com
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 Reports 131% Reserve Ratio in September Proof of Reserves UpdateVictoria, Seychelles, September 30, 2026 — Bitget, the world’s largest Universal Exchange (UEX), has published its latest Proof of Reserves (PoR), marking its 47th PoR update since the initiative was introduced in December 2022. Based on the snapshot taken at 09:00 (UTC) on September 29, 2026, Bitget recorded an overall reserve ratio of 131%, with reserves remaining above the 1:1 benchmark for covered user assets. The latest snapshot reports reserve ratios across 19 assets, with all covered asse2026-09-29
Press releaseBitget Launches Alliance Program to Share 30% of Trading Fee Revenue With UsersVictoria, Seychelles, September 29, 2026 — Bitget, the world’s largest Universal Exchange (UEX), has launched the Bitget Alliance Program, a four-week initiative that will establish a user reward pool equivalent to 30% of eligible platform transaction fee revenue. The program is designed to recognize users following a challenging period for the platform and the trust and support shown by the Bitget community. Running from September 28, 2026, 8:00 AM to October 26, 2026, 8:00 AM (UTC), the Allian2026-09-29
Press releaseBitget's Multi-Asset KCGI 2026 Draws More Than 83,000 TradersVictoria, Seychelles, September 23, 2026 — Bitget, the world's largest Universal Exchange (UEX), has concluded the 2026 King's Cup Global Invitational (KCGI), with more than 83,000 traders across 320 teams taking part in the competition from September 9 to 22. For the first time, KCGI expanded beyond crypto into a multi-asset arena spanning crypto futures, TradFi perpetuals and tokenized U.S. stocks, with a total promotion pool of up to 3 million USDT. This year's KCGI put Bitget's Universal Exc2026-09-23
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