Full Review of the Cifra Markets Platform: A Worthy P2P Alternative?

Buying and selling crypto through P2P has long been a viable option for exchanging cryptocurrency for fiat, offering competitive rates and fast transaction times. However, in recent years, many users have been moving away from the P2P market in favor of more secure alternatives. This shift is driven by increasing risks, frequent bank card blocks, new legislation restricting P2P activities, and a complete lack of legal protection for participants.

Against this backdrop, legal platforms are actively attracting the attention of the crypto community. Today, we will discuss one of them. Let’s dive in!

What is Cifra Markets

Cifra Markets is the first legal crypto broker in the CIS. It is a comprehensive crypto platform with extensive functionality. The company is a resident of the High Tech Park (HTP) in Belarus. The location for the crypto broker was not chosen by chance: Belarus legalized cryptocurrencies in 2017, and they are regulated at the state level. Thanks to oversight from the HTP, the platform adheres to strict requirements regarding fund storage, cybersecurity, auditing, and service quality.

Cifra Markets is a subsidiary of the Russian broker LLC "Cifra Broker," a well-known name in the financial market. It is precisely this connection to a traditional stock market broker that allows Cifra Markets to offer a level of reliability usually reserved for licensed institutional brokers.

Investors have access to official protection mechanisms, the company's activities comply with all current legislative rules, and its legal transparency provides users with clear and predictable results.

Advantages and Limitations of Cifra Markets

The primary advantages include:

• A large number of integrations with partner banks for fast fiat deposits.

• Regular "cleanliness" checks of crypto assets to ensure safe purchases.

• The platform undergoes regular independent technical audits.

• Operating under the wing of the prominent Russian broker LLC "Cifra Broker," which brings the standards and infrastructure of the traditional stock market to the crypto industry. This ensures a significantly higher level of reliability compared to other platforms.

• Crypto can be bought and sold for fiat (RUB, BYN, USD) using any CIS bank card, bank transfers via SBP (Faster Payments System), or through a crypto card (Investor Card).

• You can use Cifra Markets just like any other crypto exchange: store funds, trade, or withdraw crypto to other exchanges and external wallets.

• Access to 300+ coins, as well as tokenized shares of the US stock market.

• Margin trading is available with leverage up to 5x.

• Access to the trading platform via a mini-app, web interface, and mobile application.

The limitations include:

• Mandatory KYC (Know Your Customer) verification.

• A monthly withdrawal limit of 30,000 USDT. This can be increased by providing proof of income.

• Service commissions are at market average. You can review them here. Account maintenance is free, and the service only charges fees for transactions. In this regard, the exchange is no different from other similar crypto platforms.

Thus, unlike competitors who often focus on a single currency, such as the Tenge or Belarusian Ruble, Cifra Markets focuses on covering the entire CIS market and all available currencies, making the platform universal.

How to Register on Cifra Markets and Buy or Sell Cryptocurrency

To start trading, investing, or buying your first cryptocurrency, you will need to register and pass KYC verification. After that, the full functionality of the platform will be available to you.

On the registration page, enter your email and password, agree to the data processing terms, and click "Register."

Next, provide your phone number and enter the confirmation code received via SMS.

Then, specify whether you are registering the account as an individual or a legal entity. In our case, we chose registration for an individual.

Following this, you will need to fill out a questionnaire, providing citizenship, taxpayer data, TIN (Tax Identification Number), and other details.

The broker does not share client information with third parties; the TIN is required for the further use of products from partner banks.

After this, you must enter an SMS code again to sign the account opening agreement. The template will be filled in automatically after the document is signed.

In the next step, you will receive an SMS with a unique link for verification. By following it, you will need to upload an identity document, take a selfie, and confirm your address.

You will then need to wait anywhere from a few minutes to 24 hours while the system verifies your data. Once KYC is confirmed, you will have access to all features and can start trading, buying, and selling cryptocurrency.

The process of exchanging fiat for crypto is carried out through the order book (stakan) of the trading application in the mobile or desktop version. For this example, we will look at a purchase via the mobile app.

To do this, download the app from the AppStore or GooglePlay and log into your account.

In the app, you can also quickly monitor your account balance and perform fast buy/sell operations, so we recommend using the app for convenience.

Go to the "Portfolio" tab and click "Deposit." Choose the cryptocurrency you want to buy and your preferred deposit method: bank card via SBP, bank transfer via details, or a crypto deposit, which can be done through the "Digital Assets" section.

The purchase rate is determined by the participants in the order book. OTC (Over-the-Counter) desks are available for large orders.

Even before registering, you can check cryptocurrency rates and compare them with other platforms. You can find them here. Compared to other similar services, the rates here are market average, though some coins may offer more attractive pricing.

After selecting the cryptocurrency, you can complete the purchase using your chosen payment method.

If necessary, after the purchase, you can download a transaction certificate for accounting and tax purposes.

Who is Cifra Markets For?

The service is ideal for those seeking a safer and more transparent alternative to P2P. The platform is suitable because it guarantees the "cleanliness" of the crypto, works with partner banks, and complies with all legal norms. This means your card won't be blocked by the bank, and there is no risk of receiving "gray" crypto or encountering scams.

As of 2026, the service looks like a worthy P2P alternative and a logical step forward in the industry's evolution.

Cifra Markets may be of interest for:

• Earning legal income in cryptocurrency;

• Conducting business activities and performing transactions with counterparties;

• Sending money abroad to friends and family;

• And finally, for those who want to stop using P2P and are looking for a legal replacement.

However, Cifra Markets is not limited to just buying and selling. You can trade, invest, and send cryptocurrency worldwide.

We recommend trying to buy crypto with fiat or withdrawing funds from crypto to a fiat bank card yourself to understand the mechanics and verify the convenience of the service for your specific needs. Happy exchanging!