Cryptocurrency has become very popular, and more people are investing in different cryptocurrencies. Extensive trading has also given birth to many trading platforms where you can buy or sell cryptocurrencies and profit. According to the stats, around 300+ million people own different cryptocurrencies worldwide. The crypto market has reached a market capitalization of $2.17 trillion, with India leading the world with 100 million users and owners.
Although cryptocurrency is very viral, differnet countries do not have financial regulations or regulatory bodies to oversee cryptocurrency trading. The financial markets in different regions of the world have varying regulations regarding bitcoin and other cryptocurrencies. Due to this, the users are always confused about which platform is legit. People are always unsure which platform might take their money away from them.
Bitcoin Prime is a crypto trading platform working in European and Asian countries. However, there has been a lot of noise about the platform’s legitimacy.
What is the reality?
This article is a complete review of Bitcoin Prime. We have done much research and overviewed the platform to draw a conclusion. We will also tell you about the reality of the platform and you should trust it for trading or not.
So let’s get into it.
Summary
Here are the key stats and key takeaways about Bitcoin Prime:
| What Type Of Platform? | AI Crypto Trading |
| Registration Fee And Process | Free with verification |
| Verification Duration | Within 10 minutes of application |
| Profit Close Rate | 85%+ |
| Claimed Success Rate | 90% |
| Regulatory Body | CySEC(Liquidity) |
| Minimum Deposit | EUR 250 |
| Automated Trading Feature | Yes(Available) |
| Data Security And Encryption | Yes(AES 256-Bit) |
| Order Execution | Within 1 minute |
| Withdrawal Duration | Within 24 hours |
| Free Withdrawal? | 10 withdrawals within a calendar month |
*All information has been taken from the official website. Errors and Omissions are expected!
What Is Bitcoin Prime?
Bitcoin Prime is an AI-powered trading platform for different cryptocurrencies. The platform’s working and automation facilitate both new and vetted investors & traders to provide them with the best trading experience.
The platform uses AI algorithms and trading innovations that enable the trading bot to execute a transaction on behalf of the trader. The bots study the preferences and choices of the traders and make trading an effortless and efficient venture. The proven technology and algorithms do not only execute the transactions on behalf of traders. Instead, they also earn a profit for the user.
We can also explain Bitcoin Prime as a trading bot selling and buying bitcoins on behalf of the traders who signed up for the platform. The algorithms and technology work without human intervention. Therefore, Bitcoin Prime is often considered a passive income stream for traders. Another fact that makes Bitcoin Prime a legit platform is Amazon’s backing for the AI trading bot.
Who Is Behind Bitcoin Prime?
If you go and search for one name behind Bitcoin Prime, you will be disappointed. Despite being one of the sensational trading platforms, the names behind it are still unknown. However, if you dig deeper, you will get to know that a team of professional developers and crypto traders having 10+ years of experience came together to invent the automated trading platform.
The teams working behind the platform are always busy improving the overall experience for the traders. They are always optimizing algorithm engines to allow new and professional traders to benefit from crypto trading. According to the claims of the team behind Bitcoin Prime, several financial institutions have earned billions of dollars in profits by capitalizing on their platform.
A little is known about Bitcoin Prime’s founders, but as per claims, they have been investing for years. Besides, they have successfully traded for 10+ years in Wall Street Journal.
How Does It Work?
It is already established that Bitcoin Prime is an automated AI trading platform, but how does it work?
The trading bot uses data and mathematical algorithms to trade popular cryptocurrencies. The bot gathers data about all currencies, analyzes the best-performing cryptocurrency, and trades when there is maximum profit. The minimum deposit required for Bitcoin Prime is EUR 250, which is lower than other exchanges.
The 14 most popular cryptocurrencies are traded and tracked by the Bitcoin Prime platform. Bitcoin cash, Litecoin, Bitcoin, Ethereum, etc., are among the most popular coins. The speed of transactions is 0.1 faster than the market average, which increases the chances of profit.
Main Features Of Platform & Trading
The main features of Bitcoin Prime are as follows:
Superior Technology
The AI and Deep learning technology differentiate Bitcoin Prime from other exchanges. The platform’s AI technology and deep learning signify superior technology’s use to make the platform a reliable and consistent place to trade crypto. The use of technology enables the bots to continuously read the market and make a trade when the losses are minimum or profit is highest.
Autonomy And Assitance
Bitcoin Prime app has also been built by employing AI to facilitate different traders and investors requiring different levels of assistance. When trading via the app, you can control and adjust the settings according to your skill level and trading expertise. For instance, if you are a new trader who is not aware of how crypto trading works, you can rely on market analysis by the bots to make informed trading moves.
Secure Platform
When you are into the crypto business, security is the biggest concern for the investors, and with Bitcoin Prime, you can rest assured about the safety and security of the platform. All the user’s personal data is kept secure, and you can trade safely without worrying about your data being sold to third parties.
Demo Account For Beginners
Bitcoin Prime demo account is for new users who want to test and see how different trading moves can give you better success rates. If you are new to crypto trading, understanding how market dynamics work before you start actual investment is very helpful. And you get the facility when trying Bitcoin Prime. You can learn to optimize Bitcoin Prime algorithms for different scenarios of the market.
Bitcoin CFDs Support Available
If you want to speculate on the prices of Bitcoin and other currencies, BTC CFDs are the best option. Fortunately, Bitcoin Prime supports BTC CFDs, and you get both currency crosses and crypto crosses. You can compare and trade crypto and Bitcoin against conventional currencies. Besides, you also get access to several other resources and tools to ensure efficient trading.
What Is the Cost Of Trading And Withdrawals?
Bitcoin Prime is a platform that charges no fee for registration on the platform. However, there are certain costs of trading and withdrawals from the platform.
A 2% commission is charged on profitable accounts if you want to trade on Bitcoin prime. The nominal amount of the commission makes the platform attractive for those who want to maximize returns for an affordable price.
However, there is no fee for depositing the money to your Bitcoin Prime account. Similarly, you do not have to pay any fees when withdrawing money from your account up to 10 withdrawals every month. However, you have to pay a fee of 0.1% transaction fee per withdrawal after 10 withdrawals.
Reasons Why Bitcoin Prime Is Legit
Here are the top reasons why Bitcoin Prime is a legit platform for trading the most popular cryptocurrencies:
- The platform has real satisfied users and profit makers that prove the legitimacy of the platform.
- The success rate of Bitcoin Prime is higher compared to other AI-powered trading bots.
- You can choose manual or automated trading modules depending on your experience level. For instance, you can choose manual trading if you are confident about your strategy, while you can earn passive returns by letting automated bots do trading on your behalf.
- The customer service of Bitcoin Prime is yet another reason that makes it an excellent platform for trading. You can access the real people for your assistance 24/7
- The platform is functional in more than 150 countries, excluding US and Uk and trades all popular currencies.
- There are no hidden fees or costs in trading or using a Bitcoin Prime account.
Reasons Why Bitcoin Prime Is Not Recommended
There are some reasons why Bitcoin Prime might not be a recommendable platform:
- Although the minimum deposit of Bitcoin Prime is EUR 250, which is absolutely on the lower side, many users might not be comfortable with it.
- Risk is real when you are doing automated trading of cryptocurrency. It can be a turn-off point for many.
- The Bitcoin Prime website does not disclose a lot of information about its services. Therefore, it is hard for people to trust such a platform.
Final Verdict –Is Bitcoin Prime Legit Or A Scam
What is our final verdict?
Is it worth investing your money and trading crypto via Bitcoin Prime?
Well, it depends on which country you are residing in. The platform itself is completely legit and has been giving real profit and return to many traders. However, you must ensure that your country’s financial rules and regulations are in line with that of Bitcoin Prime before you start trading.
Otherwise, it is a legit platform for crypto trading. You can choose a demo account or a profitable account to start trading.