A look back at the pros and cons of Primexbt trading

Best Trading Platform Security Primexbt

Click here to get $350 Welcome Bonus on your first deposit on PrimeXBT.

PrimeXBT trading is a financial exchange including cryptocurrencies and forex, gold, stocks, commodities and indices based and registered in Seychelles.

In early 2019, PrimeXBT trading has gradually asserted its position and has expanded its premises to open St.Vincent and Grenadine offices. Furthermore, the company has moved its commercial infrastructure to Switzerland. With a high daily trading volume currently at $375 million on the platform, the platform has achieved great success in a very short time.

PrimeXBT’s success comes from the fact that the Primexbt service allows leveraged trading for a diverse range of assets. These assets include leading crypto pairs and many forex assets, indices, commodities with 100x and 1000x leverage respectively.

Another thing to mention is excellent liquidity. providing services to traders from over 150 different countries, PrimeXBT is one of those rare platforms that don’t have too many restrictions; however, it restricts trading from some countries such as the United States and Quebec.

Is PrimeXBT safe?

The financial market has exploded in recent years with more and more high-risk coins, projects, tokens and products being introduced to the market, to minimize risk. Investors themselves must understand and learn about it. Understanding the urgency of the issue Primexbt was born has partly helped investors about storing and trading in a safer way.

Click here to get $350 Welcome Bonus on your first deposit on PrimeXBT.

Security Exchange

Scams, hackers are concepts to indicate that a reputable exchange has been hacked and that investors have been scammed by less reputable exchanges. Billions, perhaps even millions, of dollars have been stolen from exchanges. Primexbt’s cold wallet is the most optimal choice for investors when the cold bag is a system that is not connected to the internet, thus minimizing the attack from hackers.

PrimeXBT keeps investors’ funds in a secure offline environment, with no internet connection. Although their current management of payments and withdrawals will be inadequate because in 1 day can only withdraw 1 time and receive the next day. However, the advantages outweigh the disadvantages and investors’ assets will not be threatened. PrimeXBT used multi-signature access to any movement from cold wallets to hot wallets to further enhance the security of their exchange. This means that in order for transactions to take place on the platform’s wallet, they need to authorize transactions from several key holders.

In addition, PrimeXBT applies CloudFlare’s technology to the storage management to reduce the risk from Attacks commonly known as DDoS. Finally, PrimeXBT has also implemented advanced hardware modules to implement their trading technology by hosting on AWS web servers, which are known to be among the best in the industry.

Confidentiality of contact information

PrimeXBT uses SSL encryption which means that all user transactions with the platform will be encrypted, making it harder for hackers to eavesdrop and attack.

Usually, websites without SSL encryption are considered unsafe and can cause harm to users. More importantly, PrimeXBT trading platform uses bcrypt algorithm, a password hashing algorithm to store users’ passwords. This means that users can freely transact without worrying about their passwords and data being compromised by hackers.

User security

Thanks to 2FA protocols established on the Primexbt trading platform This means that users must allow login on their phones through Google authenticator or other authentication methods to gain access to account.

Although, with the security protocols established by PrimeXBT, it is very unlikely that hackers gain access to your account; however, you can always set up 2FA yourself on your phone. Setting up 2FA on PrimeXBT is relatively easy. All you have to do is navigate to the security settings, scan the QR Code, store the backup key and that’s it. Suppose your phone is stolen or lost; you will need a backup key to gain access to your account.

Finally, PrimeXBT is one of the few exchanges that requires mandatory white-labeling of Bitcoin addresses when withdrawing funds. PrimeXBT has set up these protocols so hackers can’t transfer your funds to fake addresses if your account is compromised.

Click here to get $350 Welcome Bonus on your first deposit on PrimeXBT.

PrimeXBT Leverage

The concept of leverage is mentioned a lot in the financial market. The simplest way to use leverage is to use the fastest method to get the most profit. Of course it will be risky. The higher the leverage, the greater the profit if you go in the right direction, and vice versa, if you are wrong, the consequences are not small.

Primexbt Leveraged Trading

Traders will still benefit and make money and increase their assets even when the market drops. As mentioned, PrimeXBT offers different leverage ratios for crypto and forex pairs. The user must place a percentage of the capital required to execute a trading position.

Here are some basic leverage options for different assets on the platform:

Primexbt Leverage and Margin

– Cryptocurrencies – up to 1:100

– Indexes and commodities up to 1:100

– Forex major – up to 1:1000

Range of assets and liabilities Primexbt

What is impressive and attracts investors to Primexbt is that here you can trade many different types of assets. While most crypto exchanges limit their trading options to only trade cryptocurrencies, at Primexbt users can easily trade Forex, Commodities, Stock Indices, etc. ..

PrimeXBT  Fee

What competes with other platforms with the same functionality is the transaction fees. When you trade a significant amount, fees are a huge problem. Saving transaction fees is optimal for your profit.

Interestingly, PrimeXBT trading is very transparent and open to investors about its fees. The platform has two types of fees, namely: transaction fees and overnight fees. The platform charges a transaction fee when an investor trades something and the platform charges an overnight fee to hold a position overnight. Note that this fee will not be charged if you enter and exit a position during the day.

Primexbt transaction fee

Trading fees are charged each time you buy or sell an asset in the market (i.e. each time you open and close a position).

Current trading fees for margin trading accounts are:

Register an account at PrimeXBT

It’s easier than ever to sign up for an account at Primexbt. How?

You need an email address and password. You can insert a referral code, if available, for special features and discounts on PrimeXBT.

Unlike most other exchanges, PrimeXBT does not require users to KYC. Traders do not need to go through KYC or AML checks on their platform. Traders do not have to provide sensitive information to the platform for identity verification. If you wonder if KYC is so easy, is there a scam or security, please read the above section carefully. Furthermore, this makes Primexbt less of a target for hackers looking to exploit user databases.

Primexbt Deposit Bonus

To be eligible for PrimeXBT bonus, you must have primexbt deposit bonus of at least 0.01 BTC on the exchange. To deposit on PrimeXBT, log in to your account and go to the “Deposit” tab. If you deposit less than 0.01 BTC, you cannot get 35% bonus.

Deposit and Withdrawal PrimeXBT

PrimeXBT Deposit

PrimeXBT’s deposit and withdrawal system is quite simple. PrimeXBT allows traders to deposit cryptocurrencies through their crypto wallets. Furthermore, the platform also allows traders to deposit funds into their accounts via credit card, debit card or wire transfer.

Once a user has set up their funds, they can deposit funds into their account. All they have to do is go to the account section, click on the Deposit button.

For Direct crypto deposits, traders must choose the currency they want to deposit with, copy the wallet address provided by the platform, and transfer their funds to the respective crypto address.

To start trading with leverage and access all the features of the platform, you need to first deposit funds into your personal wallet: BTC, ETH, USDT (erc20) or USDC (erc20).

Assuming traders want to buy Bitcoin, they can click the ‘Buy Bitcoin’ button. Choose their preferred payment option and service and click buy.

Currently, Traders can choose from the following services to purchase cryptocurrencies on the platform:

  • Consolidation
  • Xanpool
  • Paxful
  • Coinify

All these services are reliable and support a variety of payment options ranging from bank transfers, online wallets, cash payments, debit or credit card payments, currencies digital and gift cards. While Paxful is a peer-to-peer platform, other platforms allow traders to quickly buy Bitcoin. Note that you may be required to share your personally identifiable information if you intend to use any of the services mentioned above. While PrimeXBT doesn’t need any form of sensitive identification, these platforms do.

Click here to get $350 Welcome Bonus on your first deposit on PrimeXBT.

Withdraw PrimeXBT

Similar to the deposit part, the withdrawal function is quite simple. But to minimize it, the withdrawal operation is completely checked, reviewed and performed manually by the development team. Therefore, for security, PrimeXBT service controls its hot wallet with cryptocurrency processing all pending transactions only once per day from 12pm to 2pm if withdrawal request is made on the same day before 12:00 UTC; however, withdrawal requests requested after 12:00 UTC will be reviewed the next day.

Withdrawing your money is very easy. All you have to do is select the withdrawal address, enter the amount you want to withdraw, verify and withdraw.

PrimeXBT exchange currency directly in your wallet

You can convert the balance in your wallet between BTC, ETH, USDT and USDC with just a few clicks saving you money and transfer time.

Primexbt Trading Platform

The PrimeXBT trading platform has an easy, eye-catching interface. PrimeXBT has gone further by developing native trading technology along with extensive and sophisticated functionality catering to traders of all skill levels.

PrimeXBT offers a considerable degree of customization for users. Traders can build their own dashboards so that they are familiar and easy to use to their liking. Traders can add widgets, dashboards, fees, messages and more. They can also use the platform’s Telegram bot to send price alerts, open positions, executed orders…

Traders can even customize colors, grids, spacing and lines on the platform. Indeed,Primexbt is a user-friendly, customizable trading platform. Primexbt service provides a set of tools available on the platform, traders can use a wide range of different complex trading tools such as fan lines, Fibonaccis, EMAs and other indicators and indicators such as momentum indicator, relative strength indicator and volume based indicator.

Primexbt Order Types

Primexbt also boasts a wide range of order types on its trading platform for professional traders. These order types allow traders to specify levels for entry and exit. They are essential as a risk management tool to control losses when trading leverage.

Here are some basic command types available on PrimeXBT:

  • Market order
  • Limit order
  • Market order to stop
  • Order of Protection
  • One Time Cancel another order

Click here to get $350 Welcome Bonus on your first deposit on PrimeXBT.

PrimeXBT Turbo

PrimeXBT’s Turbo is an additional service of Primexbt. It allows you to make short-term price predictions and profit from accurately predicting whether the price of an asset will be HIGH or LOWER after a short period of time (30 seconds, 1 minute or 5 minutes). Primexbt turbo has a demo account for investors to test before using the real account.

1) Choose the currency of your Turbo account

2) Choose your prediction currency

3) Select the Duration and Amount to be used in your prediction.

Click UP or DOWN to make your prediction

Click here to get $350 Welcome Bonus on your first deposit on PrimeXBT.

PrimeXBT App Mobile

The development of society has led to the increasing attention of technology. Users use smartphones as an integral part, so developing an easy-to-use mobile interface is a top priority for Primexbt service.

PrimeXBT’s mobile app offers many of the same features on a web browser. Supported on both iOS and Android devices, PrimeXBT’s app is user-friendly, easy to use and easy to access.

Conclusion

Primexbt is an elite trading platform in the market. There is hardly anything on the market that is as successful, intuitive and sophisticated as PrimeXBT. With exceptional customization, wide range of investment options, list of order types, low trading fees, withdrawal options and other features, Primexbt is an ideal platform for traders. However, like most exchanges, it also has certain limitations.

Primexbt will expand cooperation and overcome limitations so that investors who have been, are and will always be with Primexbt, consider Primexbt as the top priority if they intend to invest.

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