PrimeXBT: The pinnacle of financial security

 


PrimeXBT trade is a popular Bitcoin-based cryptocurrency exchange that allows speculation in traditional financial products. Traders can trade a wide variety of markets including Forex (FX), cryptocurrencies, commodities and indices using Bitcoin as collateral – something not many crypto exchanges offer. current level.

PrimeXBT is a leveraged trading platform that allows users to speculate on the price movements of over 30 traditional financial markets and cryptocurrencies using Bitcoin as collateral. It combines the speed and trading experience of a cryptocurrency exchange with the wide range of markets commonly offered by traditional brokers such as Plus500, CMC, Pepperstone, eToro and IG Markets.

Is PrimeXBT safe?

PrimeXBT appears to be a secure crypto platform for users to trade the markets with leverage with no reports of security breaches, thefts or hacks according to our research. The exchange uses the best security features, protocols and processes to ensure the safety of customer funds such as cold storage wallets, whitelisting, and two-factor authentication.

Is PrimeXBT legal?

PrimeXBT appears to be a legitimate company registered in Seychelles under the company name Prime Technology Ltd, Seychelles company nr. 217308. Since its founding in 2018, the cryptocurrency exchange has grown in popularity with thousands of active users spread across more than 150 countries worldwide.


PrimeXBT: The pinnacle of financial security

PrimeXBT manages its customer information with top-level security features. PrimeXBT confidently offers the highest level of asset security. The platform is designed by experts in financial security. And managed using rigorous manual processes. Far more than an automated system that can be hacked.

PrimeXBT's security features include:

All assets are stored in a cold wallet.

Withdrawals will be processed once a day between 12:00 and 14:00 UTC.

Withdrawal requests made before 12pm will be processed on the same day. Any withdrawal requests made after this time will only be processed the next day.

Each transfer is processed manually. In which a team of technicians will examine transactions to determine the level of risk, avoiding money laundering or other suspicious activity.

Bank-grade security infrastructure

Mandatory address permission list

Two-factor authentication

DDoS Protection on Cloudflare

SSL encryption

Password encrypted with passcode 

Prime XBT Security

The Prime XBT platform includes several security features to provide the highest level of security and protect user funds from being compromised. Visit the website for a complete list of applicable cybersecurity mitigations and protocols.

Two-factor authentication

Double-factor authentication (also known as 2FA or two-step verification) is available to provide an extra layer of security by protecting account access (login) and withdrawals.

This level of security makes it very difficult for hackers to break into Prime XBT customer accounts and withdraw funds. They will have to know your credentials and own your cell phone (and be able to unlock it).

To enable 2-factor authentication on your trading account:

Download the Google Authenticator app for iOS or Android

Go to System Preferences menu

Click the 'Enable GA' button in the Google Authenticator section

Backup your secret key and confirm it by clicking the box next to 'I backed up the 16-digit code'

Confirm the setup by entering the PIN generated by 2FA

Next time, you will be asked to provide a code from Google Authenticator to access your account or withdraw money.

Prime XBT Wallet

The majority of digital assets (Bitcoin) users on PrimeXBT are stored in cold storage wallets and kept offline. This means that, even in the event that the system is compromised, the attacker will still not have full access to all the keys needed to steal the funds.

Cryptocurrency bitcoin private keys are kept away from cloud-based servers, which greatly reduces network risks such as hackers. A small percentage of funds are held in hot wallets protected by industry leading security. These hot wallet funds are used for fast withdrawal processing and are insured against loss in the event of a breach.

PrimeXBT trading uses Multi-Signature (“Multisig”) access to provide both security against attacks and resistance to loss of access to a key or facility, eliminating single points of failure. All transfers from Cold Storage to Hot Wallet are handled manually and require the coordinated action of multiple PrimeXBT employees.

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