Is PrimeXBT a Safe Trading Platform?

Although the cryptocurrency industry has expanded greatly over the past few years, one trading platform within the market has outpaced every other trading platform and has grown significantly faster than even the cryptocurrency market itself.

PrimeXBT started as a cryptocurrency-only margin trading centric platform that provided industry-leading leverage on a wide range of cryptocurrencies, but gradually over the past two years, PrimeXBT has expanded the features and services that it provides the cryptocurrency industry.

Let’s take a look at whether or not PrimeXBT is a safe trading platform to use in 2020, and the ways in which the platform secures the funds of users, as well as the security features it uses.

What is PrimeXBT and Why is it Safe?

PrimeXBT is the largest multi-asset margin trading platform on the market in 2020, and has grown at a staggering pace to manage up to $2 billion worth of global trade each and every day.

While there has been a lot of attention and focus on the way the platform has allowed traders to generate higher amounts of profit, there has been less focus on the security systems in place on PrimeXBT and whether or not the platform is safe to use.

PrimeXBT implements bank-grade security measures throughout the platform and this has ensured that it has never been hacked or breached by hackers in any way.

Some of the wide range of advanced security features that are used on PrimeXBT include mandatory Bitcoin address whitelisting and cold storage of digital assets with multi-signature technology.

Advantages of Using PrimeXBT

Since its launch, PrimeXBT has focused on providing the cryptocurrency market with a wide range of ways to increase profitability while decreasing cost at the same time.

One of the biggest distinctions between PrimeXBT and the rest of the market is that the platform charges the lowest fee schedule of any major cryptocurrency trading platform on the market at a low flat rate of 0.05% across all trades.

As well as this, traders can generate higher levels of profit by using PrimeXBT’s leverage of up to 100X on a wide range of cryptoassets that include BTC, ETH, XRP, LTC, and EOS, and up to 500X on a wide range of traditional assets that includes stocks, commodities, and forex pairs.

Unique and Powerful Tools for Profit

Some of the other unique tools that have been developed and released by PrimeXBT are the platform’s short-term Bitcoin-settled accounts trading platform, PrimeXBT Turbo, a platform launched in partnership with crypto social trading giant, Covesting.

PrimeXBT Turbo allows traders to generate 90% profit in 30 seconds with the use of short-term Bitcoin-settled accounts, and at the same time reduces the complexity of interacting with the cryptocurrency market by allowing traders to generate profit by simply predicting the direction that an asset will move.

PrimeXBT’s Covesting Module allows traders to create peer-to-peer investment funds, which are funding vehicles that are displayed publicly to potential investors on PrimeXBT, with a nominal fee paid by any investor for the ability to be able to use the experience and knowledge of provably profitable traders to increase their profits in the cryptocurrency market.

Final Thoughts: Is PrimeXBT a Safe Trading Platform?

Not only is PrimeXBT a safe trading platform to use, but it also provides unprecedented levels of profitability in the cryptocurrency market.

There are a range of advanced security features built directly into the core of PrimeXBT which have ensured that it has never been hacked, and that users’ funds have always remained safe.

As well as this, there are unique and powerful tools such as PrimeXBT Turbo and PrimeXBT’s Covesting Module that are built into the platform and allow for enhanced profit generation opportunities.

To find out more about the security measures that are in place on PrimeXBT and the other features that have been mentioned, check out this link.