At Cryptocoin Stock Exchange we pride ourselves in reviewing the most popular crypto trading platforms, like Prime-Coin. In our Prime-Coin review we have concluded that Prime-Coin is a recommended platform for trading, it is not a scam. You can sign up with Prime-Coin in the link below or continue reading the full review for more info.
In the last decade, there have been a lot of advancements and the world is undergoing a full-blown digital revolution. Numerous developments and changes have been made over the years, some of which have had a massive impact on different industries.
But, one of the biggest and most impressive introductions that we have seen so far is that of cryptocurrencies. Satoshi Nakamoto launched Bitcoin in 2009 as a virtual currency that would be free of manipulation from governments and third-parties due to its decentralized nature. At that point, no one could have fathomed what change it would bring in the finance industry.
Today, cryptocurrencies have become a global phenomenon and are revolutionizing the financial sector beyond anything anyone could have imagined. There had been some skepticism regarding cryptocurrency in the first couple of years, but things have changed gradually.
After the peak of Bitcoin in December 2017, there has been a surge in worldwide crypto adoption and a huge number of people have taken an interest in this market. This has prompted the launch of thousands of other crypto coins, each with their own trading potential. People are eager to invest in these cryptocurrencies because they want to enjoy the same successes that others enjoyed in 2017 when the market surged.
Seeing the growth of the market as a whole, a number of brokerages have been established to accommodate people who are interested in crypto trading. Of course, the market already had brokers offering other trading instruments and they also added some cryptocurrencies to the mix.
But, the fact is that crypto is unlike any other financial instrument because of its volatility, unregulated and decentralized nature and availability. Therefore, it is better for people to seek brokers that have been primarily established for offering cryptocurrency trading.
This is due to the fact that these brokers are focused on cryptocurrencies and ensure that they add all tools and resources that are needed for trading this volatile asset. They can provide access to the right educational resources, trading tools as well as support, when needed. While there are a number of such brokers that you can find in the market, it doesn’t mean that you choose the first option that you come across.
Why? This is because the crypto market has become a hotbed of different kinds of scams and this also includes brokerages. Some scam brokers have also been set up for fooling traders and they have managed to con a massive amount of people.
These are the ones that you have to avoid at all costs, which means looking for a solid and reputable broker in order to start trading cryptocurrencies. There are some good options in the market and Prime-Coin is one of them.
The best thing about Prime-Coin is that the broker offers is that it is solely focused on cryptocurrencies due to which it can provide the ideal trading conditions. They have worked on providing clients with a transparent and fair trading environment where everything is mentioned upfront to prevent any misunderstanding.
Before you sign up with Prime-Coin, you can take a look at their offerings and then make up your mind. What are the things you should know about this broker? Here are some of the essentials you should be aware of:
Prime-Coin’s Security Policies and Protocols
The first thing that you need to pay attention to in a brokerage is their security policies and protocols. With the number of security threats on the rise, particularly in the crypto market, it is not something that you can ignore. After all, you will trust the broker with your sensitive and personal data, along with your capital.
If there are no proper security measures in place, both or either of them could be compromised, resulting in problems for you. Prime-Coin has proven itself to be very proactive when it comes to mitigating the security risks that exist in the cryptocurrency market.
To start with, the broker has implemented SSL (Secure Socket Layer) encryption for protecting all the information that’s shared by clients with the broker and any communications they have. This minimizes the possibility of your personal information being compromised.
Proof of Payment
If you are planning to use your debit or credit cards for depositing or withdrawing money on Prime-Coin, you have to provide the front and back photo of the card in question. You can cover the last four digits of the card and the CVC on the back for safety reasons. This can help prevent money laundering and other financial crimes
The AML policy also states that traders cannot use cash or third-party accounts for making their deposits on Prime-Coin and they have to use the same method for both deposits and withdrawals.
Prime-Coin’s Registration Process
The registration process of a broker is also worth checking out because there have been various complaints regarding this step. Some brokers ask for detailed information, most of which is irrelevant and unnecessary, and they involve a lot of paperwork.
This can be extremely annoying for traders because they want to just start trading with a minimum amount of fuss. Understanding the needs of these traders, Prime-Coin has kept its registration process very simple and straightforward. You don’t need to provide a lot of details and neither do you have to go through any complicated steps to open an account with this broker.
To register with Prime-Coin, you can visit their website and choose the registration option. Doing so will open up a short form that you have to fill. The form requires you to provide your first and last name, your phone number, email and password. You also have to choose your account currency from three options, which are USD, EUR and GBP. Lastly, you need to agree with the broker’s terms and conditions and you are good to go.
After you have completed the form, you will be registered with the broker, but in order to use their account, they have to provide the documents mentioned above, as part of security measures.
Prime-Coin’s Asset Index
One of the most important aspects of a brokerage is their asset index. Don’t you want to know what assets you will be able to trade with them when you sign up with the broker? Not every broker is going to offer you the same assets and you want to ensure that your selected broker offers the ones you are interested in.
When you want to trade cryptocurrencies, you would prefer to have access to as much variety as possible because it can help you spread out your investment. You can accomplish this goal with Prime-Coin as they have an extensive asset index to offer when it comes to cryptocurrencies.
The best thing about the broker is that they haven’t followed the same part as others in the market. Most of the crypto brokers you will find will only give you access to the top cryptocurrencies that can be traded, such as Bitcoin, Litecoin, Ethereum or Ripple.
However, if you take a look at the cryptocurrency market, you will discover that there are more than 200 crypto coins that can be traded. Prime-Coin has kept an eye on cryptocurrencies that have some profit potential and has added them to its asset index.
Prime-Coin’s Trading Plans
When you complete the registration process with a broker, the next step is to choose a trading plan so your account is officially opened on the platform. Every broker has introduced different trading plans for their customers in order to accommodate them, according to their needs and preferences.
You can go over the various options and choose a plan that suits your trading style and your risk tolerance. Like other brokers, Prime-Coin also has multiple trading plans to offer, but it is different from the rest because it offers greater variety. Thus, people are able to find a plan they are comfortable with rather than just settling for one of the options.
Prime-Coin’s Interactive Trading Platform
A crucial feature of any broker is the trading platform they are offering to their clients. It is the primary feature of a broker because it is used for executing trades, opening positions and monitoring the market. Problems with the trading platform can be extremely stressful for traders because it only takes seconds for the market to change directions, which means your profits can turn into losses very quickly.
If the platform is slow, breaks down frequently or is difficult to use, it can create issues with your overall trading experience. Apart from that, if you opt for a broker that offers multiple trading instruments, their platform may not be suitable for crypto trading as this market is extremely volatile. The good news is that Prime-Coin offers its clients a customized trading platform that has been designed for crypto trading.
The broker offers a proprietary web-based platform, which means it can be accessed through a web browser. This saves traders from having to go through the process of downloading and installing it on their PCs, laptops or mobile devices.
Prime-Coin has opted to develop a highly intuitive trading platform, but without the complexities, thereby making it easier for novices as well as professional traders, to use it without any issues. It works smoothly and responds to your actions very quickly. You can benefit from superior execution speed and all results are reflected in real time.
Prime-Coin has added some advanced charting capabilities and other trading tools like economic calendar to their trading platform. You can also find price indicators, templates, drawings and a horde of chart types. Along with this web-based trading platform, the broker has also introduced mobile apps for both iOS and Android devices.
These are a great option because they allow people to trade on the go, which means they can be anywhere and still be able to access their account on Prime-Coin. Hence, you can take advantage of even the smallest price movements right away and make profitable trading decisions.
Prime-Coin’s Banking Solutions
After you have opened your account with Prime-Coin, you will need to deposit funds to start trading. In order to do so, you need to take a look at the banking solutions that the broker has to offer. How will you add your money? A horde of payment options has been added by the broker for the convenience of its clients.
You can choose bank wire transfers, which means you can use your bank accounts for adding funds and also withdraw them. But, since this method takes time, people look for a quick solution and this is exactly what they get with debit and credit cards.
Prime-Coin’s Customer Support
As cryptocurrency trading is still a new concept, there are still a lot of things that traders do not understand. Moreover, when you are using a new trading platform, you will obviously have plenty of questions and you may even encounter problems that may be difficult to resolve.
How will you deal with them so you can continue trading without any issue? This is where the customer support provided by a broker can make a major difference. The downside is that most brokers don’t really pay much attention to this aspect of their services.
What distinguishes Prime-Coin from the other brokers in the market is not just its dedication to crypto, but also its commitment to offer 100% customer satisfaction. To accomplish this goal, the broker has added a number of channels for customer support.
They have provided a contact form on their website that can be filled out by traders with their respective complaints. Their agents will get back to you as quickly as possible. Other channels that can also be used include email and phone. You can use the former if the issue is not urgent and the latter, if you need help right away.
Along with these impressive features, Prime-Coin is also recognized because it charges very reasonable and competitive fees from its clients and doesn’t exploit them in the name of commission. Their spreads start at 0.1 pips and they provide scores of trading opportunities to their clients so they can have a seamless trading experience.