In the past few years cryptocurrencies have exploded and reached incredible heights. Particularly during the 2017 bull run, when Bitcoin (BTC) briefly traded for $ 20,000. The cryptocurrency market, the number of people using cryptocurrencies is at an all-time high, and has led to the proliferation of cryptocurrency companies. Subsequently, the rise of cryptocurrencies has created numerous trading opportunities for new and professional traders.
Enter Prime XBT is a cryptocurrency trading platform that seeks to address the pertinent cryptocurrency traders face daily when using trading platforms. Moreover, Prime XBT offers users 100% leverage for short and long positions, and of the market direction, Prime XBT has both solutions that help on both bearish and bullish markets.
Everyday Cryptocurrency Trading Problems and Solutions Proffered by Prime XBT
The cryptocurrency industry has been covered in recent years. However, one of the issues that seems to be going away is exchange breaches. Top-tier exchange platforms have been hacked and customer assets stolen. Cover every possible security hole.
Prime XBT stands out as one of a few cryptocurrency companies to implement the requisite security features. Some examples of these features include:
- User security: Users are required to pass email verification and set strong passwords. Also, 2FA and withdrawal address are mandatory to ensure full protection of user funds.
- Registry and Domain Security: Prime XBT uses the best available domain security features such as DNSSEC, registry lock, registrar lock, etc.
- Web security: X-XSS protection, Content Security, Policy headers, etc.
- Cold wallets: these are used to store large amounts of cryptocurrencies, to keep them offline where they are safer.
Unfriendly User Interface (UI)
I am very interested in the use of the Internet. Them as a result, compared to traditional exchanges. Nice looking web designs are subjective, however, bad designs make websites difficult to use. It is commonly known that trading platforms inadvertently makes it difficult for users to do simple things.
Prime XBT offers users an advanced, but intuitive trading platform that is simple, clean, secure, fast, responsive and organized. Additionally, plans are under way to implement demo accounts so that newbie traders can practice their trading strategies without risking any funds.
High Transaction Fees
Cryptocurrencies are touted as the beginning of the exorbitant transaction fees that are charged by the traditional financial institutions like banks. However, the current fees charged by existing cryptocurrency are not viable in the long-term. They are often complain about a lot. Existing cryptocurrency trading platforms use fixed fee structures that are to the disadvantage of low volume traders. Meaning traders end up paying more, they can be used for paying exchange fees.
Prime XBT offers traders one of the lowest transaction fees in the cryptocurrency industry. Also, there are no hidden charges as they use a transparent fee structure for their users benefit.
Unexpected Down Time
Just about every trading platform has faced significant downtime to the detriment traders. Down times instigated by server problems are very common in the cryptocurrency industry too. In some cases these outages are two to be servers being by user traffic. While others are paralyzed by DDOS, making it difficult for users to access trading platforms during important trading moments.
Traders experience several problems and they are usually not able to place or cancel orders. These interruptions, planned or otherwise, make trading extremely unreliable. The internet is littered with stories of cryptocurrency traders that have lost large amounts of funds because of down times, with no recourse.
Prime XBT is fully aware of the negative consequences of server downtime for traders. To mitigate this, traders would be notified in advance about any planned server downtimes. Other preventive measures have been put in place to avert external attacks like DDOS. Prime XBT has been set to replace the risks of down times.
Liquidity is essential for all types of markets to function and the cryptocurrency market is not any different. Low liquidity has been a challenge for cryptocurrency traders from the onset. Existing cryptocurrency trading platforms lack sufficient liquidity, which in turn creates illiquid assets that can not be sold or bought. Low liquidity creates an unfair trading environment, as orders take forever to fill. And most times, they are lower than the market rate to get their orders filled. It are no quick fixes and it makes stakeholders antsy.
Prime XBT considers the lack of liquidity on existing cryptocurrency trading platforms as the prevalent challenge for traders and seeks to tackle it head-on. The team considers liquidity as the lifeblood of cryptocurrency trading and growth. Hence, Prime XBT has aggregated liquidity from twelve different cryptocurrency exchanges in real-time, thus, providing traders with instant orders.
About Prime XBT
Prime XBT is a global trading platform that registers the cryptocurrency traders from any country where the cryptocurrency is not an issue. Sign up for a minimum of one month. More, enjoy other great features Also, with your Prime XBT margin account, you can leverage your cryptocurrency trading 100x if you choose to. Sign up now, and start reaping all these great benefits and more.