Dec 02, · As mentioned, the Bitcoin Prime scam is an automatic trading robot using deceptive algorithms and scam brokers. The “company” tricks victims into depositing money but steal it away. The domain name 24crypto.de was registered just a couple of months ago. If you visit the website, you will see that there is no way to contact the company. Yes, there’s no doubt about it, the Bitcoin Prime system is a scam. The whole thing has been set up with the simple intention of tricking you into depositing with a scam binary options broker. This means that if you do sign up & deposit funds, you will lose them. The Bitcoin Prime App trades through a list of brokers. These brokers have specialized systems that ensure instant order execution. This enables the robot to apply highly profitable trading strategies such as scalping. Anyone can register and make money through the Bitcoin Prime App.
Bitcoin prime brokerBitcoin Prime™ - 【The Official Bitcoin Prime Website 🥇 】
It aims as traders of Asian countries predominantly, but the platform is being translated in several languages including not only English, Japanese, Chinese, Korean but also Russian, Turkish, Vietnamese and Portuguese to increase the number of users from other countries. Both experts and newbies can access this trading platform since in addition to multiple professional tools and indicators, there is a demo mode to learn trading. Despite not taking trading fees, there are funding fees for open positions taking place within equal intervals of time — every 8 hours.
One more way of earnings for a broker is a spread, the difference between the bid and ask prices. Originally, it was the only way of trading, but now users can choose between a spread and a fee for every position opened. Withdrawals are free but require ID verification. The broker supports trades of 9 crypto pairs in the form of perpetual contracts.
It has added several new features since the release too. In addition to a Stop Loss feature and advanced charting, the trading service also offers simple charting, intuitive interface which gets responsive on mobile devices, trade confirmation feature that offers to learn the details of the trading position, etc.
One more great feature is two different margin allocation modes including Isolated Margin or Cross Margin for better risk management of traders.
In addition to earning on trading, there is an affiliate program rewarding users who attract new traders. If there are any questions, a trader can turn to live chat support pressing the button at the bottom on the right, while more email alerts will provide explanations about your account when it requires special attention. DeriBit is a broker platform to trade Bitcoin and Ethereum options and futures operating since It features an ultra-fast trade matching engine with less than 1MS Latency.
Other important features of this broker are real-time auditing, liquidation, and risk management. The broker operates a maker-taker fee model. The fee is calculated as a percentage of the underlying asset of the contract. Deposits are free and require only 1 confirmation on the network. Withdrawals can be instant or take some time to be completed, there is also a small fee which depends on the current state of the Bitcoin network. Fiat currencies are not supported while both deposits and withdrawals are processed only in Bitcoin.
Nowadays, users of over countries trade on the platform. The broker offers 10BTC of virtual funds for every trader to try the platform in a demo version. To start trading it is enough to register an account and make a deposit. Bit Seven is a broker that offers a high profit with low investment. This is a Bitcoin platform which offers leverage for Bitcoin, Ethereum, Litecoin, and Ripple trading. Over 1. To register on the platform, it is enough to provide a name and an email as well as a mobile phone to set the 2-factor authentication.
The next step is to fund an account sending Bitcoin to it — other payment methods are not supported. Since the platform supports three more coins, it is possible to exchange Bitcoin for any of them after depositing. The same should be done to withdraw earnings received, there is also a network fee of 0. The maximum daily withdrawal is 10 BTC. It is also possible to set auto-sell rules to maximize profit and minimize losses.
To exchange coins it is necessary to pay a flat fee of 0. Trading fees depend on the coin chosen: 0. Since the number of Bitcoin brokers is growing incessantly, it is important to understand how to choose the best platform for trading cryptocurrency. One of the first factors evaluated by traders nowadays is fees, of course, but it is not the only thing to consider selecting a broker.
Therefore several more features to pay attention to. There are countries where crypto trading is prohibited or restricted because of some reasons, that is why it is important to check if a broker is eligible to operate in the country you live in.
It is important to ensure that there is enough order book volume and traders to satisfy your orders before registering on the website. A transparent broker platform will audit information regularly and provide information about its cold storage regularly. Not all payment methods used for depositing money are suitable for withdrawal too. Moreover, each platform has its daily limits both on depositing and withdrawals.
The last ones can be also paid additionally. Every crypto holder demands improved security level to store the assets, so the cold storage supported by BitFinex is a great idea. There are brokers who limit leverages because of the volatile nature of cryptocurrency. However, it is important to remember that too much is not good too.
There are brokers which support several trading platforms or offer only one of them. Select a broker with a suitable platform. Begin and experienced users can try if this broker platform is suitable for them and comfortable to use without a necessity to make a deposit.
Using Bitcoin brokers has its benefits and drawbacks. In fact, sometimes it is not reasonable to prefer brokers to exchanges since the first ones offer the following advantages:. It is useless to argue that the main benefit of cryptocurrency is a possibility to earn on its volatility. It may sound quite unpredictable but every trader will agree with this statement undoubtedly.
The algorithm that Bitcoin Prime is based on is rigged. The main complaint from victims is that the software makes the traders win the first few trades, and once they become comfortable, the platform loses their money.
The trades on the software are placed automatically but not accurate. How else can we expose the Bitcoin Prime scam? The photos used on the website are stock images. Well, that picture of him above is just taken from the Abobe stock footage website. You can see more of the images that are for sale with that model here. The Bitcoin Prim software is completely automatized, meaning that the future is already written.
It is the case of many fraudulent similar platforms. In my own opinion, that's the best place to start. I mean don't get me wrong, that kind of money won't just fall into your lap without doing any work But the harder you're willing to work at it, the more you stand to earn with it. So if you're looking to get started but don't know which route you should go down or which program you should join and don't want to waste money on bogus things that don't actually work , then I'd highly recommend checking out Commission Academy first.
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