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Prime XBT, a new cryptocurrency exchange, is Now Live

Prime XBT, a new cryptocurrency exchange, is Now Live

PrimeXBT a new cryptocurrency exchange was launched officially on 4th February 2019.

Claimed as a 4th generation cryptocurrency trading platform, PrimeXBT is offering features that are not available on other crypto exchanges such as aggregated liquidity, leverage on ALL trading pairs available, multi-screen support, advanced charting software etc.

Executive Opinion

Officials from PrimeXBT whose name was not disclosed in the announcement said, "We have worked tirelessly to achieve our goal of providing the advanced trading tools and 100x leverage on major crypto assets to all our users. The community has been eagerly anticipating the platform's launch, so it brings us great pleasure to announce that the platform is ready to go live on February 4th as we originally planned."

According to the announcement, around 150,000 users have already joined the cryptocurrency (digital asset) trading platform waitlist.

Platform Features:

For crypto traders, PrimeXBT claims to offer a broad set of tools such as,
  • Free platform registration and no KYC requirement. Not having KYC (Know Your Customer) requirement is surprising as most of the cryptocurrency exchanges around the world have started enforcing KYC requirement due to regulatory and compliance reasons.
  • A minimum deposit of 0.001 BTC and margin trading with up to 100x leverage for digital assets, such as Bitcoin, Ethereum, Litecoin, Ripple etc.
  • Adjustable leverage from 1:1 to 1:100 on ALL trading pairs
  • Simultaneous holding of  long and short positions 
  • Aggregated liquidity from 12 Suppliers, enabling instant execution on even the largest transactions;
  • Multi-screen support, Multi-level security system with cold/hot storages
  • Alternative deposit options — Bitcoin, other cryptocurrencies, EUR, USD anonymously;
  • 24/7 support service;
  • Mobile applications on Apple iOS and Android operating systems;
PrimeXBT in their announcement claimed that the client's funds are protected with cold storage wallets, DDOS protection, withdrawal address whitelisting, two-factor-authentication, cryptographic password hashing, and other security features. All these security features are live on their crypto trading platform.

At the time of writing this article, PrimeXBT website was listing a 24-hour trading volume of USD $38,597,006

PC: primeXBT trading screenshot

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Mandar Pise Opinions expressed by techsutram contributors are their own. More details

Mandar is a seasoned software professional for more than a decade. He is Cloud, AI, IoT, Blockchain and Fintech enthusiast. He writes to benefit others from his experiences. His overall goal is to help people learn about the Cloud, AI, IoT, Blockchain and Fintech and the effects they will have economically and socially in the future.

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