PrimeXBT Review
PrimeXBT is a cryptocurrency exchange established in 2018 in Seychelles, with an office in St Vincent & The Grenadines and trading infrastructure moved to Switzerland. The platform, operated by Prime Trading Services, offers trading in cryptocurrencies, forex, indices, CFDs, and commodities. As of the latest data, PrimeXBT boasts over 40 employees and claims an average daily volume of over $545 million, serving clients in over 150 countries.
Who is the Owner of PrimeXBT App?
The specific details about the owner and the team behind Prime are not prominently disclosed. However, the platform’s growth and expansion plans suggest a focus on providing a diverse range of trading options and maintaining a global presence.
What Country is PrimeXBT Based In?
PrimeXBT is based in Seychelles, with significant operational presence in St Vincent & The Grenadines and Switzerland. The platform caters to a global audience, offering services in over 150 countries, although it excludes several countries including the USA, North Korea, Iran, and Syria.
How Reliable is Prime?
While Prime presents itself as an award-winning trading platform with a wide range of trading options and leverage, there are mixed reviews regarding its reliability. Some users have reported issues with high fees, problematic withdrawal processes, and customer service concerns. It’s important for potential users to approach with caution and conduct thorough research.
How Legit is PrimeXT?
XBT has faced criticism and complaints from users, particularly regarding high fees, withdrawal issues, and customer service responsiveness. These concerns raise questions about the platform’s legitimacy and reliability. Users have reported significant losses and difficulties in withdrawing funds, suggesting a need for caution when considering using Prime for trading.
Is PrimeXBT a regulated exchange?
- Prime is not a regulated exchange, which adds a layer of risk for traders.
Can US citizens trade on PrimeXBT?
- No, Prime does not accept clients from the USA.
What cryptocurrencies can be traded on PrimeXBT?
- Prime offers trading in various cryptocurrencies including Bitcoin, Ethereum, Ripple, and Litecoin.
Are there any withdrawal issues reported on PrimeXBT?
- Yes, several users have reported problems with withdrawing their funds from Prime.
Does PrimeXBT require KYC?
- Prime allows trading without a mandatory Know Your Customer (KYC) process.
What leverage does XBT offer?
- Prime offers up to 100x leverage for crypto trading and 500x for forex-related products.
How does Prime ensure the security of funds?
- Prime claims to use advanced security measures like two-factor authentication, cold storage of digital assets, and Bitcoin address whitelisting.
The Ratingfeed Bitget Review Team’s Commentary
- The fact that its headquarters is located in Seychelles does not instill confidence.
- Upon scrutinizing their advertising campaigns, we notice an abundance of paid promotional content. We are well aware that such practices are generally frowned upon.
- Investing in projects of this nature is something we consider not very prudent.
Our BitGet review does not, under any circumstances, contain investment advice.
Our articles do not contain investment advice; they merely share our opinions. You can let us know
