Primebit is a cryptocurrency trading platform for perpetual contracts with leverage. The exchange is well-known for its integration with traditional traders’ preferred MT5 charts. This evaluation will evaluate the platform’s security as well as other crucial aspects including trading costs, the charting user interface, deposit options, and customer service before you decide whether you should use it. To utilize all of the advantages of the trading platform, our process entails opening an account, depositing cryptocurrency, and trading leveraged pairs.
PrimeBit: What Is It?
PrimeBit is a peer-to-peer cryptocurrency exchange platform where individuals of the crypto community can trade everlasting contracts. It was founded in 2019.
It is the only exchange of its sort to integrate with MetaTrader 5 and a trading platform that is user-friendly for beginners. The exchange provides trading pairs for Bitcoin, Ethereum, and Litecoin. Using the webtrader for desktop or Primebit app for mobile devices, any digital asset can be traded with high leverage up to 200x.
Is PrimeBit Legit?
After hearing about PrimeBit, many people wonder if it’s a fraud or not. A programme that makes such high profit returns on investment must have a catch.
Our investigation indicates that the programme appears to be trustworthy and reputable thus far. Nevertheless, you should proceed with caution because you risk losing a sizable sum of money. Always keep in mind that buying a cryptocurrency trading bot does not ensure that everything will go as planned. Using a trading bot is about as dangerous as manually trading due to the volatility of the bitcoin market. In addition, you will almost certainly lose money if the market declines.
Like any other trading software, it must be configured to trade the way you want it to trade in order to prevent further losses. We can’t say for sure whether PrimeBit will give you a long-term source of income because automated trading software is a very new idea.
Many people think PrimeBit is a fraud because the membership process is simple, in contrast to many other trading bots. However, mere registration does not qualify as one. The fact that PrimeBit does not request your address, ID, or any other type of verification should be viewed favorably. The straightforward registration procedure is designed to make life easier for customers.
The Reason Why Most Traders Prefer PrimeBit
In addition to having a broad range of applications, the UI is simple and easy to use. This interface contains a lot of cutting-edge capabilities in addition to being beautiful and simple to use. Both desktop/laptop PCs and mobile devices can access the app.
The interface’s useful feature that prevents your eyes from getting tired and watering is the ability to switch between day and night modes.
Users claim that both app versions’ functionality are easy to use. Trading professionals who don’t have time to learn new tools would greatly benefit from the ease of use of even the more complex capabilities.
It shouldn’t be a surprise that PrimeBit offers a wide range of tools for managing, tracking, and trading your cryptocurrency.
New traders will probably wish to study the knowledge base and get acquainted with the platform before getting started, while experienced traders may find some settings overly simplistic. Before employing this kind of technology, you must feel comfortable using it.
PrimeBit’s security measures adhere to the high standard set by trustworthy trading bots (which all respectable trading bots use). Unsurprisingly, this platform also provides additional services and skills to safeguard your account.
Set up two-factor authentication
It should be standard on these apps and typically is, to protect your data. PrimeBits won’t let you use the API if you don’t disable the withdrawal option for your cryptocurrency wallet. You are therefore protected from bad intentions.
Service to clients
Before submitting a support issue, look over the PrimeBit knowledge base. The Advanced and Pro Packages also feature priority support, however all packages also receive email support.
Arbitrage in PrimeBit
A website called PrimeBit tracks the prices of cryptocurrencies on several exchanges and offers arbitrage opportunities. By utilizing these opportunities, traders can profit from crypto arbitrage. With PrimeBit, you may do an arbitrage while looking at various cryptocurrencies and assigning a balance.
A Trading Terminal
If you have ever traded on a cryptocurrency exchange, you are aware that liquidity comes before having the best trading tools available.
Because of this, PrimeBit is committed to giving bitcoin traders the best possible experience. With the trading platform PrimeBit, you may use a single interface to transact on a variety of bitcoin exchanges.
Trading tools like taking profit, shadow orders, limit markets, and stop-loss provide you an advantage when placing market orders.
The PrimeBit backtesting application actively optimizes backtesting for bull (uptrending) and bear (falling) markets. By assessing and analyzing past data, the team employs machine learning to boost sales and lower risk. Traders can select from a variety of trading pairs based on their trading history and bot performance.
According to Crux, PrimeBit is an all-purpose platform with automated trading algorithms that produce a steady stream of income regardless of market conditions. Not to mention the additional options, including stop-loss, take-profit, exit strategies, and trailing up, that protect your security and increase your ROI (Return-on-investment). Additionally, it has excellent customer service and top-notch security.
Is PrimeBit a dependable and secure website?
The platform used by PrimeBit is safe and dependable. The team put a lot of effort and time into creating its trading platform.
Is PrimeBit available as a mobile app?
At this time, PrimeBit does not have a mobile app for iOS or Android. The website for PrimeBit, on the other hand, is totally mobile-friendly and accessible.
Does PrimeBit charge a commission for trades?
No, there are no charges related to trading. You only need to pay a monthly subscription fee to use the platform’s helpful tools for more effective crypto trading and management.