A Comprehensive Review of Bitcoin Prime – Is it Legit?

With cryptocurrency surging in popularity, you may want to start investing in the likes of Bitcoin (BTC) and taking advantage of the volatile market. This article looks at one way to invest in Bitcoin, namely the auto trading system Bitcoin Prime. We’ll be looking at everything from key features to the legitimacy of the platform.

Is this website legit or a scam? Should you invest your money into this auto trader? 

Would you like to know more? Read on for more information.

What is Bitcoin Prime?

Bitcoin Prime was created a few years ago when cryptocurrency traders realized the financial promise of Bitcoin.

The site uses artificial intelligence to power its automated trading robot, which places and executes Bitcoin transactions. The platform then scans several Bitcoin exchanges and shows you the best bargains, reducing your chance of making a loss.

The platform is in constant flux, continually improving its service for new and seasoned traders alike. As such, the site gives you access to regulated Bitcoin brokers in your region.

If you have some idea about the art of buying and selling things, you should be able to get your head wrapped around the Bitcoin Prime concept. You purchase Bitcoin when the market price is low, and then you sell them when the price goes up again. Bitcoin Prime’s AI assists in this process, helping you potentially make a tidy passive income for a commission fee.

Bitcoin Prime – Visit Now

Pros and cons of using Bitcoin Prime

Pros

  • Relatively low minimum deposit
  • Demo account available for new users
  • Withdrawals only take 24 hours
  • Very quick software
  • 24/7 customer support

Cons

  • Limited cryptocurrencies available
  • Risk that comes with cryptocurrency auto trading 
  • Minimal information on Bitcoin Prime about their services

Register with Bitcoin Prime

Bitcoin Prime markets, assets, and options

What assets and products can you trade using Bitcoin?

While plenty of cryptocurrencies are being traded on the digital market, Bitcoin Prime lets you trade your real currency for Bitcoin (and vice versa). However, there is no option for you to trade or invest in any other type of cryptocurrency.

What leverage trading options are there?

Bitcoin Prime works with regulated brokers in the cryptocurrency industry to offer investors up to 3000:1 leverage to magnify small trades. The company states that their high leverage is the main factor in the high return rate they offer to small investors. So, how does this work? Well, with 3000:1 leverage, if you invest $250, you can potentially borrow $750k to make crypto investments. This is relatively high compared to similar Bitcoin trading platforms. 

However, you should remember that leveraged trading presents a significant amount of additional risk if you are inexperienced. Therefore, we recommend only investing what you can afford while you are a beginner.

What are the spreads?

The spreads on Bitcoin Prime will change depending on which broker you are dealing with. In addition, because the market is quite volatile, you can expect some fluctuation between the buying and selling price of Bitcoin.

Fees, limits, and payment options on Bitcoin Prime

How much does Bitcoin Prime cost?

Here’s the good news for beginners: Bitcoin Prime offers a free account registration. However, all new account holders are required to deposit $250 to make their first live trade. In addition, $250 is the minimum amount you can invest in Bitcoin Prime. If you are new to the market, we recommend not going over this amount until you understand Bitcoin Prime properly.

What are the payment methods accepted by Bitcoin Prime?

Bitcoin Prime offers numerous payment methods to make investments. These include:

  • PayPal
  • Mastercard
  • Visa
  • And many others

Sign up to Bitcoin Prime

Does Bitcoin Prime also charge fees and commissions?

As we have previously mentioned, you do not have to pay any fees to open your account. In addition, you also do not have to pay any fees to make a deposit. Therefore, the only time you will ever have to give money to Bitcoin Prime is when you pay a commission from your trade profits.

Bitcoin Prime trade sizes and limits

As aforementioned, Bitcoin Prime requires all users to pay a minimum deposit of $250 when creating their account. This is also the minimum amount you can invest in Bitcoin. Additionally, Bitcoin Prime does not have a maximum limit on how much you can spend, though we recommend starting small to avoid falling into financial difficulty.

Bitcoin Prime Platform

How does Bitcoin Prime work?

Bitcoin Prime is an easy-to-use auto trading system that allows investors to trade cryptocurrency and potentially earn passive income.

Interestingly, Bitcoin Prime is one of few auto-trading systems in the market that applies AI to exclusively trading BTC contract for differences (CFDs).

Utilizing sophisticated technology, Bitcoin Prime’s auto trading robots analyze the current Bitcoin market to find the best investments for their users. Then, these bots will invest the funds deposited in your Bitcoin Prime account, making purchases and selling cryptocurrency to potentially garner a profit.

Using complex algorithms, the platform finds the best deals for investors and helps them get a foothold in the market. As you would expect, these trading bots can cover huge amounts of information much faster than manual methods. Furthermore, the system runs independently, which means you do not have to sit on the app for hours at a time to invest your money — the AI will do it for you.

What devices can I use Bitcoin Prime on?

You can use Bitcoin Prime on many devices, including: 

  • Smartphones
  • Tablets
  • Desktop Browsers

The app is surprisingly straightforward and does not cost anything to download. However, you will have to deposit funds before you start making your trades. Luckily, Bitcoin Prime provides a demo account to help you figure out the finer details of the app without risking your money.

Which exchanges and brokers does Bitcoin Prime partner with?

Bitcoin Prime partners with many reputable cryptocurrency brokers to find the best bitcoin trades for investors.

Can I use Bitcoin Prime in my country?

Bitcoin Prime can be used in any country where trading CFDs is legal. In particular, the platform is popular in:

  • United Kingdom
  • France
  • Canada
  • Australia

Is Bitcoin Prime available in my language?

Bitcoin Prime is available in multiple languages and, therefore, accessible for many people across the globe. Currently, there are ten languages available in the dropdown menu at the top of the Bitcoin Prime homepage. These include:

  • English
  • French
  • Spanish
  • Italian

How easy is it to use Bitcoin Prime?

Bitcoin Prime is an easy-to-use auto trading platform that is straightforward to navigate. When you sign up, you don’t need to know much about the technical side of things because Bitcoin Prime provides a demo account to help new users find their feet on the platform. You also have access to a video tutorial, which will explain everything you need to know.

Bitcoin Prime uses AI technology to find you the best Bitcoin deals, making it both intuitive and passive. You don’t need to do anything to make a potential profit.  

That being said, you should be aware that auto trading is riskier than other platforms. If you want to remain in complete control over your investments, you may prefer to go somewhere else.

Key features

There are many features on Bitcoin Prime which add to the overall experience and help you earn potential profits. These include:

  • Payouts: Bitcoin Prime has a reliable payout system, which offers transparency from the moment you make the investment until you receive your payment. The system uses software that ensures all calculations are wholly accurate and in line with the current market price. Bitcoin Prime uses commissions taken from account holders’ profits to fund their system. In addition, they will only take a commission when you make a profit from your trades.
  • Easy Withdrawal Process: If you are looking for an auto trading platform with speedy withdrawal processes, this is the one for you. Bitcoin Prime will usually process your withdrawal request within 24 hours.
  • Demo Account: If you are unsure how to use the service, Bitcoin Prime has a helpful demo account that lets you explore the system without using your money. You can use this account until you feel comfortable investing actual funds into the cryptocurrency market.

Get started today with Bitcoin Prime

Security and regulation

Is Bitcoin Prime legit?

There are some fake testimonials and reviews regarding Bitcoin Prime’s legitimacy. However Bitcoin Prime states on their website that they work with regulated and licensed brokers to offer transparency and safety when dealing with your funds.

Is Bitcoin Prime safe?

As mentioned above, Bitcoin Prime partners with regulated cryptocurrency brokers, ensuring the safety of your funds at all times. In addition, all account holders have to pass a know-your-customer (KYC) verification process to confirm their address and identity. This helps prevent any fraudulent activity on the platform. The site also uses SSL encryption to protect your valuable information.

Are me and my money protected?

It is important to remember that auto trading platforms like Bitcoin Prime do not actually store your funds on their system. Instead, they simply act as a service to pair you with regulated brokers. As such, it is up to the partnered exchange to handle your funds and keep them safe. However, you can relax knowing that Bitcoin Prime only works with trustworthy brokers who meet their base country’s strict regulations.

Is Bitcoin Prime regulated?

Yes, Bitcoin Prime is regulated to ensure all brokers comply with relevant financial laws to protect their funds. Bitcoin Prime’s brokers are regulated by the authorities in their respective countries.

Do I have to verify my account with Bitcoin Prime?

Yes, when you sign up to Bitcoin Prime you are paired with a regulated broker who will then ask you for the relevant KYC documents and information to complete your account. KYC refers to documents that confirm your identity and address, such as photo ID and proof of address. This is an important part of the process as it helps keep the platform free from fraudulent activity.

Extra information

Educational resources

When you create an account on Bitcoin Prime, you can use a demo version of the platform to help you become accustomed to the service. The site also gives you a video tutorial in which they will walk you through everything you need to know about CFDs trading on Bitcoin Prime.

Tools and charting

Bitcoin Prime comes with a simple layout that provides all the relevant charts and metrics you need to understand how much you can buy and sell Bitcoin for, as well as everything you need to know about the way the market is moving. 

Customer support

Bitcoin Prime aims to provide dedicated customer support to all users. As such, you can contact the customer service helpdesk 24/7. This service is efficient, and you never have to wait long to speak to an advisor.

How to get started with Bitcoin Prime

  • Registration: If you want to create an account on Bitcoin Prime, you need to complete the registration form. Once you have done this, you will be paired with a broker who will ask for your identity verification.
  • Make a Deposit: Once you have created your account, Bitcoin Prime will prompt you to make a deposit of $250 to start live trading. This is the minimum amount needed to make a trade on Bitcoin Prime. But, of course, you can always invest more money when you feel ready to do so later on.
  • Begin to Live Trade: Once you have verified your account and made your deposit, you are free to start live trading with the help of your assigned broker. Simply click “trade now” to start.

Conclusion

In conclusion, Bitcoin Prime is definitely legit, particularly when compared to some of the more notable scam cryptocurrency sites. The registration process is quick and painless, and all information regarding your funds is transparent. We are also fans of the speedy withdrawal process. In addition, the app is easy to use.

If you are looking for an auto trading service that does not complicate the cryptocurrency trading process, Bitcoin Prime is a worthwhile place to start. That being said, you should be aware that auto trading is definitely riskier than other platforms, which is partly due to the high leverage offer.

References:

https://bitcoinprime.io/

https://bitcoin-prime.app/