What are the Safety Features of PrimeXBT?
As the cryptocurrency market has rapidly expanded over the past few years in response to greater exposure and a rising value of all cryptocurrencies, one of the primary concerns that new traders have is the safety of the platforms they use.
While the ability to be able to generate profit in the cryptocurrency market is highly important of course, there is no point generating profit at a platform which has substandard security measures and will allow your funds to be stolen.
Based on this concept, this guide takes a deeper look at one such cryptocurrency trading platform, PrimeXBT, and the security measures that are implemented on the site.
PrimeXBT: The World’s Leading Multi-Asset Margin trading Platform
PrimeXBT was launched in early 2018, and over the past two years its growth has dramatically outpaced the average growth of other platforms in the cryptocurrency market.
This growth has been so pronounced that PrimeXBT is today ballooned in a short space of time to become the world's leading multi-asset margin trading platform, managing up to $2 billion worth of global trade every day.
As well as the features and tools of the platform being highly attractive to a wide range of traders and investors, it is also the platform’s high-quality security measures that have made it an optimal place to trade.
Bank-Grade Security Measures
PrimeXBT has taken security seriously, and implements a wide range of bank-grade security measures throughout the platform that have protected it tirelessly over the past few years.
Some of these security measures that are implemented on the platform are mandatory Bitcoin address whitelisting and the cold storage of digital assets with multi-signature technology.
As a result of implementing ironclad security throughout the platform, PrimeXBT has been one of a small number of major cryptocurrency trading platforms that have never been hacked or breached by hackers.
A Perfect Track Record for Security
Although cryptocurrency trading platforms have the resources on hand in order to implement high-quality security measures, even the largest platforms have fallen victim to hackers in recent years.
Perhaps the most well-known example of this is the infamous hack of Binance in early 2019 which saw the platform losing $40 million of its clients funds.
In contrast to this and other hacks, PrimeXBT has never been hacked or breached, and has maintained robust security features throughout its years of operation.
Recognition for Superior Services
The quality of the services, tools, and features provided by PrimeXBT have not gone unnoticed within the cryptocurrency industry over the past few years.
PrimeXBT has recently been awarded as the Best Bitcoin Platform for Margin Trading by ADVFN, as well as picking up three other awards for Best Cryptocurrency Trading Platform, Best Cryptocurrency and Forex Broker, and Best Crypto Trading App.
Further to this, PrimeXBT was found to have the best customer support in place of the five largest cryptocurrency margin trading platforms online during market research conducted in 2019.
Features, Advantages and Tools
At its core, PrimeXBT is a platform that provides professional margin trading tools such as leverage of up to 100X on a range of cryptoassets that include BTC, ETH, XRP, LTC, and EOS, as well as leverage of up to 500X or a range of traditional assets that include stock indices, commodities, and forex pairs.
Traders at PrimeXBT also enjoy the lowest fees of any major cryptocurrency trading platform on the market with a flat rate of 0.05% applied to all trades irrespective of the size of the trade, or the asset class being traded.
In Summary
The need for robust security to be in place is important to cryptocurrency traders and investors as it always has been.
PrimeXBT is a part of the next generation of cryptocurrency trading platforms to enter the market in the past few years, and it is a secure and safe platform to implement bank-grade security measures.
To learn more about PrimeXBT, the tools and features available on the site, as well as the security measures protecting the funds of traders, check out PrimeXBT’s security page.