PrimeXBT is one of the crypto exchanges novice investors and traders are likely to come across as they step into the crypto space for the first time. This is one of the most versatile trading platforms and is also more powerful than some of the other crypto exchanges that support trading.
There are several aspects of the PrimeXBT exchange that puts it at the top of everyone’s list. One of the factors about the platforms is that it is an outstanding exchange for beginners and experts alike.
This is a major factor to pay attention to because even though there is a multitude of crypto exchanges, not all of them are compatible with the needs and requirements of novice and experienced traders or investors. Therefore, whether you are new to the crypto space or not, here are some details you need to know about the PrimeXBT trading exchange.
PrimeXBT is a Secure Exchange
This crypto trading platform was established in 2018 and has grown to become of the safest crypto exchanges in the market. It takes pride in offering its services to customers in more than 150 countries. It stands out among other crypto exchanges as it is a crypto-to-crypto platform and makes use of some of the most technologically advanced security systems.
The security features used by the platform ensure that the users’ fund and information are kept safe from any kind of cyber threats or failure. This makes it a highly suitable exchange for beginners and experts, especially if they prioritize security above all else.
Here are some security systems used by PrimeXBT:
- Cold storage wallets
- Dedicated and secure server for web platform
- Secured Socket Layer (SSL)
- Two-factor authentication method
Therefore, if you want to know “is PrimeXBT legit?” then you should take a look at the security systems mentioned above.
Variety of Asset Classes to Choose From
In this brief PrimeXBT review, one major aspect is discussed, which is the variety of asset classes available for the people to choose from. Most of the crypto exchanges only offer support to digital assets. However, this exchange is not only unique but also is a powerful trading platform that allows the traders to choose assets to trade from different classes.
Therefore, whether you are new to the exchange or not, you will have a wide range of assets to choose from which includes:
- CFDs
- Digital assets
- Forex
User-centric Model
Another reason why PrimeXBT is a suitable exchange for beginners and experts alike is the fact that it has a user-centric model. The user interface of an exchange is an essential detail to consider for all interested parties, especially if they are new to the crypto space.
Even though there are various kinds of crypto platforms in the market, they all offer different kind of user experience to the people. Some are more specifically designed and suitable for experts, while others are more according to the needs of novice parties.
However, the PrimeXBT trading exchange is one of the platforms in the market that is suitable for beginners as well as experts. This trading platform uses high-end blockchain technologies to facilitate every trader in their trading activities and more.
The website of the exchange also has a user-friendly and easy-to-navigate interface, which makes it suitable to be used by people even if they do not have any prior experience.
Some of the features offered by the PrimeXBT trading platform include:
- Customizable layout
- Several order types
- Technical indicators
Covesting Feature
One of the most distinctive feature of PrimeXBT is its Covesting feature. This feature is what makes crypto trading easy for people who are new to the crypto space and do not have enough information to trade on their own.
This is also one of the topmost reasons why this exchange is one of the best ones for new and experienced traders alike.
The Covesting feature of the exchange supports copy-trading. As the name suggests, copy-trading allows novice crypto traders to pick an experienced trader and copy their trades. This allows them to trade automatically without constantly monitoring the market trends and their positions. This also means that the novice traders would experience the same profits or losses as experienced by the expert trader they decide to mimic.
Therefore, if you are interested in trading then the PrimeXBT trading platform can be a suitable exchange for you to choose, even if you are a beginner.
Key Takeaways!
PrimeXBT is a well-known exchange that stands out among other crypto trading platforms because it offers a user-friendly interface and executes all orders without any interruption or system failure. If you are a beginner you should know the details mentioned above that specify why it is a suitable exchange for novice and experienced traders alike.
