Prime XBT Review - Is It Safe Trade Bitcoin On Prime XBT.

Prime XBT Review – Is It Safe? Trade Bitcoin On Prime XBT

PrimeXBT is a trading platform that offers not only trading in cryptocurrency markets but also trading in leverage for various cryptocurrencies, trading in the stock market, or commodities.

Prime XBT is a new cryptocurrency exchange that offers up to 100x available trading options in five different cryptos. A powerful and effective trading platform provides traders with all the necessary tools that may be needed on a successful trading day. Their customer-centered approach puts the client’s interest at the center of their operations, depending on the website. Hence, the company aims to bring a higher level of service to a rapidly changing environment. Prime XBT is a big dream and wants to be the best online trading platform in the crypto industry. We see if they can meet the expectations.

Prime XBT is a Bitcoin-based platform, offering to trade gained on five different cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple. Currently, they serve clients globally with more than 150 countries.

The trading platform is Prince XBT Trading Services, a registered company in Seychelles with a company number 148707. The exchange opened its trade books to the market in early 2019.

Although Prime XBT is actively available on all major social media platforms, its online presence is just beginning to take shape. In time they will certainly get high marks in the industry.

It is not uncommon to find cryptocurrency exchanges also doubled in traditional stock markets, so we will carefully investigate it.

“We always follow a customer-centered approach and put the interests of our customers at the center of all our activities. The Prime XBT team aims to be among the best trading platforms in the cryptocurrency industry and to maintain our reputation as the most reliable and trusted partner,” the note said on their website.

To understand how PrimeXBT’s features and how it works, you will need an account, so we will show you how to create one.

Registration in PRIMEXBT

To start trading on the Prime XBT platform, you only need to provide an email address and password, and no personal identification documents are required when registering. No KYC is required even after that to be issued or deposited as you can only sell cryptocurrency in exchange, but not fiat currency, such as USD or EUR.

Once you enter your email ID and accept the terms of service, you will receive an email confirming your subscription. And that’s it, as soon as your email is verified that your account is open and you can trade there. Complete anonymity is confirmed during the entire registration process.

Once the registration is complete, it is highly recommended to set up 2FA security to protect your account. You can easily do this by using Google Authenticator (download from iOS App Store or Android Play store), then go to system preferences and click on Enable GA (GA means Google Authenticator). Make sure you lock your private key in a safe place. You can then finish setting up by verifying your PIN code. For whatever reason you need to disable 2FA for your account, you can contact email to help.

Deposit

As mentioned above, before you can start using your PrimeXBT account, it is necessary to deposit some money into your account fund. You can do this by clicking on the deposit button, which will display the QR code and BTC address where you will be sending the money.

Alternative Deposits

You can also buy Bitcoin with a credit card on the PrimeXBT Platform. The process is also fast and accurate.

If you select this option, press the [Buy Bitcoin] button, choose the price you want to purchase and click [BUY]

Enter your email ID and select your country of residence.

Now you have to make sure you use any ID you have been asked for, enter your credit card details and complete the purchase, the purchased BTC will be deposited in your account fund.

Withdrawal

Withdrawals from PrimeXBT are processed only once in a day between 12:00 and 14:00 UTC.

You must enter the destination bag’s address, enter the amount to be issued, and press [Send to withdraw].

Referral Program

PrimeXBT offers rewards in the referral program of the platform. With the 4 tier membership program, you will receive the following rewards:

  • 20% of commissions from direct referral user
  • 15% of commissions from second referral user
  • 10% of commissions from your third level referral user
  • 5% of commissions from your fourth Level referral user

Once you have created your PrimeXBT account and found the corresponding link, share it with your friends and fans to start generating revenue.

Trading

As the footnotes state, this section will go through PrimXBT trading methods. The platform has many options and settings under this category.

The first thing you should know is that you can resize, remove, add, or customize any visible trading panel size. You will see an X [close] with three strokes at the top right in each panel. You will close the panels and click and drag from 3 lashes to move the panel wherever you want from X.

If, for example, you have removed the Chart panel, don’t worry, you can add it again from the “+ Add Widgets” menu, in the top left corner.

Trading: From the trading tab, you can select the item you want to sell.

Charts: View different charts simultaneously and analyze the technology, thanks to the number of tools provided by PrimeXBT

Trading History: To check your trading history in your account for any given time period, you have trading history pannel.

Activity log: This section tracks all actions performed on your account.

Turbo

The Turbo platform is an additional service offered by PrimXBT, where you can assume that a given asset’s price increases or falls within the given time frame. This can be 1 minute, 5 minutes, 10 minutes… (this varies depending on the selected item).

If you are correct in your guessing position, you can win between 60% and 90% of your bet (interest marks vary depending on the selected asset).

Security

The exchange platform’s security is essential to build trust between users, and PrimeXBT considers this component seriously. 

The platform offers:

  • 2FA (2-factor authentication)
  • SSL Encryption and protection of web traffic
  • Authorization of bitcoin addresses ( Whitelisting )
  • Cold storage
  • FIPS PUB 140-2 Level 3 or higher hardware security modules
  • Passwords have cryptographic hash functions
  • DDoS protection via Cloudflare
  • The platform also performs risk management, tests, audits, and ongoing audits to ensure maximum efficiency and safety.