Review on PrimeBit by Adedayo Adeniji
PrimeBit
PrimeBit is a peer to peer cryptocurrency exchange and a community based platform for trading four major cryptos in the likes of BTC, ETH, LTC and USDT, It is worthy of note that it is restricted to non USA users.
It offers leverage trading which means you can use a particular asset you hold t bet on the one you are not holding that is prospectively increasing in price and you earn that percentage increase over the portion of the asset you bet.
PrimeBit's trading fees is highly competitive as the takers pay 0.05% and the makers pay 0.02%, its withdrawal fee is about 0.00001btc which is extremely competitive and low compared to the industry's average.
It doesn't accept fiat deposit and it automatically means new cryptocurrency investors can trade on it as it doesn't permit cryptocurrencies without any previous holdings.
PrimeBit is an easy to use platform and I enjoin anyone to try it out.
Pros
- It is easy to use
- Its fees are extremely competitive
- It accepts cryptocurrency deposit only
Cons
- It supports only four major cryptos
- It doesn't accept fiat deposit
- It doesn't allow US users
