Get 350 Free And Earn Easy With Prime XBT - Sign Up Now (Ha Noi)

Get 350 Free And Earn Easy With Prime XBT - Sign Up Now

Prime XBT is a relatively well established crypto exchange that gives clients the ability to trade a number of assets including cryptocurrencies forex commodities and more. This will provide traders with another interesting alternative to the status quo with crypto margin trading. Prime XBT is trying to take on some of the more established CFD and Futures brokers operating in the sector. However is such a new exchange really trustworthy In this Prime XBT review I will try to answer that. I will also give you some of the top trading tips you need to know.What is PrimeXBT PrimeXBT is a registered cryptocurrency exchange in Seychelles. The parent company name is Prime XBT Trading Services and their Company number is 148707. The exchange opened its doors to the market in early 2019. Since that time they have also opened an office in St Vincent & The Grenadines and relocated their business structure to Switzerland. They now boast over 375 million in daily sales and claim to have over 30 employees. One of the main selling points behind PrimeXBT is the fact that they have leveraged trading for a number of different assets. These include 6 crypto pairs with up to 100x leverage and several commodity forex assets with up to 1000x leverage Prime XBT also takes advantage of the liquidity offered by the larger exchanges and market makers in the industry. They aggregate or pool their liquidity from more than 12 different exchanges. PrimeXBT has traders from over 150 different countries. However with certain regulations there are some countries that do not accept traders. These include provinces such as the United States the province of Qu bec in Canada and several others.PrimeXBT security system is it safe With news on the rise of cryptocurrency exchange hacks one of the most important considerations for traders is security. This is also one of our main evaluation criteria when classifying an exchange. There is an entire section on the information page detailing the security protocols used by PrimeXBT.1. Exchange Security Most coins held at PrimeXBT are kept in cold storage. This means they are kept in a secure offline environment away from the internet connection and the threat of potential hackers. To service their current payments and withdrawals they will also need to run a hot wallet but only a limited amount of funds are held in this state. To make any movement from cold wallet to hot wallet they use multi-signature access. This means that for any transaction to take place in the Prime XBT wallet they will need the authorization of a number of different people holding those keys. This reduces the risk of a single point error. Regarding the other security protocols they have they also use Cloudflare s technology to mitigate the risk posed by distributed denial of service (DDoS) attacks. Finally they also have advanced hardware modules where they run their trading technology. They are hosted on the AWS web server which is known to be one of the best in the industry.2. Confidentiality of communications Like most exchanges and financial sites these days PrimeXBT has full SSL encryption (SSL stands for Secure Sockets Layer which is the standard for secure technology encrypted communication between machines. Web server and browser). This means that all communications you send to the exchange will be encrypted and make it difficult for any bad actors to intercept. It will also help you determine if you have accidentally visited a phishing site. This is because the actual login page should have a secure padlock in the browser. If you don t see this message it means you may be on a phishing site and should leave immediately. When it comes to storing your passwords Prime XBT claims that they use the bcrypt algorithm. This means that even if a hacker accesses the exchange s servers they will not be able to read them.3. User security Of course even if a hacker can get hold of your password Prime XBT offers two-factor authentication. This means you will have to allow login on your phone through Google authenticator. You are not required to enable 2FA on your phone although it is highly recommended. You can do this fairly easily through the account management options in security settings . PrimeXBT will provide you with a QR code and a spare key.PrimeXBT . Leverage For the uninitiated trading on leverage is a way for individuals to gain exposure to more assets than they have put in. This gives traders an advantage when it comes to making money from borrowed funds . When you trade on leverage there can be potential to enhance your profits by a certain factor. Of course this is also decreasing as losses are also increased. Another advantage of leveraged trading in general is that it allows you to short assets. This means you can make money when the asset price falls. In case there is a short position you are borrowing the coin in question to sell it in the future. As mentioned the maximum leverage on PrimeXBT is 100 1 for crypto pairs and up to 1000 1 for some of their forex pairs. This means you only need to put 1% (or 0.1%) of the required capital to get that position. The exact leverage you will be allowed for a position will depend on the type of asset you are trading as well as the size of the position you are taking. For example here are the base margin requirements and the resulting leverage for a range of assets.Subscribe to PrimeXBT Step 1 Visit s primexbt.com signup 871860Then go to Register in the upper right cornerStep 2 Enter information such as email password phone number check the box I accept the terms. Finally click on Register. The system will send a confirmation code to the email you just registered enter that confirmation code and press confirmed .Step 3 Confirm which country you are in and finish the registration Finish ConclusionAdvantages disadvantages AdvantagesHigh security never been hacked Support trading forex and CFDs Cryptocurrency margin trading with high leverage Low transaction fees Trade forex with low spreads Cross-platform support smooth operation fast command processing Support to buy BTC with Visa Master cards 24 7 fast and enthusiastic support service DefectLimit the number of cryptocurrencies traded The platform is in the process of being upgraded so some features are limitedFrom this review it seems that PrimeXBT could be an attractive option for you to trade leveraged crypto instruments. There are many traders looking for alternatives to BitMEX and the exchange will launch at an opportune time.So is PrimeXBT the exchange for you If you are looking for a leveraged cryptocurrency exchange with relatively advanced technology transparent fees and strong security process it s worth it. You will need to assess whether you are comfortable using a brand new exchange service.SIGN UP s primexbt.com signup 871860EXPLORE MORE s www.youtube.com watch v Exe_ugrWl5s