Is PrimeXBT a Trustworthy Place to Trade Bitcoin?

PrimeXBT entered the cryptocurrency market in early 2018 and has grown at an unprecedented rate since then, today managing up to $2 billion worth of global trade every day.

After the platform was inducted into the Crypto Valley Association, we saw a significant uptick of user growth and in the growth of the trade volumes on the platform, and this drew a lot of attention from the cryptocurrency market at the time.

Because of the prominence of PrimeXBT in the margin trading market in 2020, this guide will be looking at whether PrimeXBT is a trustworthy place to trade Bitcoin and why that is the case.

The History of PrimeXBT

PrimeXBT launched in the early months of 2018 with a wait list of more than 150,000 traders, and it quickly became apparent that the platform was targeting the section of the cryptocurrency market that was tired of having to use older and more basic trading platforms.

While many of the incumbent crypto trading platforms that have been around for years were still not offering features that we consider essential today, such as high-leverage margin trading, PrimeXBT entered the market from the beginning with a number of in-demand features integrated into the core of the platform.

Because of the unique opportunities that trading at PrimeXBT provided, the platform grew rapidly, and this was only fuelled further by the continual update of the platform and integration of new tools and features designed to increase profit and reduce risk in the cryptocurrency market.

What is PrimeXBT’s Security Like?

One point that has drawn the attention of a lot of traders and investors has been the spotless security track record of PrimeXBT over the past three years.

PrimeXBT has never been hacked and has never been breached by hackers in any way, and this is largely because of the bank-grade security features that are integrated throughout the platform.

These features include things like hardware security modules with rating of FIPS PUB 140-2 level 3 or higher and a full risk check after every order placement and execution.

Is PrimeXBT a Good Place to Trade?

As well as the funds of traders being well-protected at PrimeXBT, the platform is focused on maximizing the profit that can be generated by users, whilst minimizing their costs in the market.

PrimeXBT provides the lowest fees of any major cryptocurrency trading platform on the market in 2020, with a flat rate of just 0.05% applied to all trades.

As well as this, PrimeXBT is a margin-trading-centric platform which provides industry-leading of up to 100X on a range of cryptocurrencies that include BTC, ETH, XRP, LTC, and EOS, as well as up to 500X on a range of traditional assets that include stock indices such as SP500 and NASDAQ, forex pairs such as EUR/GBP and USD/JPY, and commodities such as gold and oil.

What are Some Other Benefits of Trading at PrimeXBT?

PrimeXBT is also a platform that is designed to be suitable for both beginner traders and experienced traders alike, with the platform having an intuitive user interface that makes it easy to learn how to effectively interact with the cryptocurrency market.

Traders can quickly and easily fund their accounts using the platform’s Changelly integration, which allows for account funding using more than 150 different cryptocurrencies, as well as credit cards and debit cards.

Also for traders that would like to create passive income streams in the cryptocurrency market, PrimeXBT’s unique 4-Tier Referral Program provides the opportunity to generate higher amounts of revenue from being an affiliate on the platform, and netted the top three affiliates in 2019 more than $1 million.

In Summary: Is PrimeXBT a Trustworthy Place to Trade Bitcoin?

In an industry where every week new platforms are called out for not being trustworthy, PrimeXBT has gone from strength-to-strength over the last 3 years and today has cemented its place at the top of the cryptocurrency margin trading market.

PrimeXBT has a security track record that reflects the focus the platform has on protecting the funds of its users, and this can be seen in the choice of advanced security features that have been implemented.

To learn more about PrimeXBT, the security features implemented on the platform, and tools that allow traders to maximize their profits in the cryptocurrency market, check out this link.