PrimeBit

> platform was shut down on December 31, 2024.

the official website of Primebit"Primebit is closed on December 31, 2024. If you have any questions, please contact us at

company profile

PRIMEBIT LIMITED is a company founded on January 17, 2018 and headquartered in Dagenham, United Kingdom, with specific address at 83 Wantz Road, RM10 8PS, United Kingdom. The registered capital of the company is not publicly disclosed. PrimeBit, a P2P cryptocurrency trading platform that offers perpetual contracts trading services with up to 200x leverage, closed operations on December 31, 2024. The company is not regulated by any major regulatory body and has been warned by the Spanish Securities Market Commission (CNMV) as an unauthorized platform. Information such as the background of key executives, the advisory team, membership of industry associations, corporate structure, shareholding structure, and compliance statements were not disclosed.

regulatory information<

span style="font-size: inherit">PrimeBit is not licensed or certified by any major regulatory body. The platform was once listed as an unauthorized trading platform by the Spanish Securities Market Commission (CNMV) and was considered a scam by some sources, such as FinTelegram, and was blacklisted. The platform did not provide any regulatory license information during its operation, lacking transparency and compliance.

> trading product

PrimeBit provides perpetual contract trading, supports BTCUSD, ETHUSD, LTCUSD and other varieties, with leverage up to 200 times and no expiration date. Trading fees are low, with a maker fee of -0.025% and a taker fee of 0.075%. The platform also supports MetaTrader 5 trading tools and is available for both PC and mobile devices.

trading software<

span style="font-size: inherit">PrimeBit supports the MetaTrader 5 (MT5) trading platform for both PC and mobile devices. MT5 offers advanced trading tools and chart analysis features for experienced traders.

deposit and withdrawal method<

style="font-size: inherit">PrimeBit Only Bitcoin (BTC) deposits are supported, and there is no minimum deposit limit. The withdrawal method is also only available in Bitcoin, and the exact fee is not disclosed.

customer support<

span style="font-size: inherit">Customer support is via the support widget on the website or by sending an email directly to the email address of the support team. User feedback shows that the quality of support is uneven and the response time is slow.

core services and services

PrimeBit's core business is to provide a P2P cryptocurrency trading platform, focusing on perpetual contract trading, supporting mainstream cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. The service is aimed at cryptocurrency traders, especially those who are looking for high leverage and high risk and high reward. The platform's pricing mechanism is based on market prices, charging maker and taker fees. The risk control system includes a P2P trading model, and the platform may have fair trading and anti-manipulation measures, but the specific details are not disclosed. The liquidation mode is a margin transaction of perpetual contracts, which is marked to the market according to the market price. The operating model is a centralized exchange that facilitates P2P trading.

technical infrastructure<

span style="font-size: inherit">PrimeBit may employ a secure cold storage protocol that keeps most of its cryptocurrency in an offline wallet to prevent hackers. The platform supports MetaTrader 5 and provides efficient trade execution and analysis tools.

compliance and risk control system

PrimeBit is not regulated by any major regulatory body and lacks compliance guarantees. The platform claims to have fair price markings and transparency, but the specific compliance measures are unknown because they are not regulated. The platform has been criticized for security issues and user funds, suggesting that its risk management may be inadequate.

market positioning and competitive advantage

PrimeBit is positioned as a P2P platform that offers high-leverage, perpetual contracts with no expiration date, appealing to traders looking for high risk and high reward. Competitive advantages include high leverage (200x), transparency and fairness of the P2P model, and support for MetaTrader 5.