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I was trading there for the last week and today i saw their video review, anybody heard about this exchange? As for me, exchange works great and provides with good leverage

https://i.imgur.com/X6R4UBB.jpg (https://www.youtube.com/watch?v=NMnX0Z2KKok)

As far as the latest reviews are concerned (although Im not sure if it's made by external sources), the exchange seems to be good. Honestly they passed some of my criteria.

"BUT" since it's "new" , I like to wait first for several honest reviews which might be present several months since the site's commencement of operation.

This thread should be on Service Discussion (https://bitcointalk.org/index.php?board=85.0).

many new exchanges are coming in the market but seeing the new attacks on exchangers we should be careful in dealing with exchangers better to store the coins in hardware wallets like ledger nano

this exchange is for leverage trading, it's not about coin-holding platform/wallet

Never heard of it, so just be careful. There's a lot of exchanges being born like every day and with the amount of hacks that we have witnessed the past couple of years and exit scams, it's not difficult to be suspicious on new born exchanges is all I'm saying.

I've got your thought there, exchanges site is just like your second wallet. Be careful in choosing with it especially those newly born/launched exchange site, it would be advisable if the exchange is more a year old in service and fewer costumers negative feedback.

When you have deposited your Bitcoin on the exchange and you're not holding your private key on addresses it seems like those Bitcoin and other coins you deposited is not belongs to you. So, choose wisely.

With 78M daily volume the exchange should be listed in Coinmarketcap, but it's not.
I'm sticking to exchanges listed in CMC for two reasons: I can make a cross-reference of the traded pair and the exchange have some reputation. Until I see it in CMC, I doesn't have a reason to try it.

I read a few articles claiming that this exchange could dethrone Bitmex as the main derivative exchange, but when you look at everything that's starting up, it's either a Coinbase or Binance killer, Bitcoin killer, Ethereum killer, etc. It's not going to help anyone by hyping this shit up, especially with how it doesn't really offer much of an advantage over Bitmex itself.

You can't copy Bitmex's reputation within the market, their liquidity, etc. In order to attract people, Bitmex either needs to mess up big time, and you still have to offer a platform that isn't just slightly better than Bitmex, but way better than Bitmex, and that in every field.

As I heard there is a problem with new exchange listing on CMC, moreover i didn't see new exchanges there

Yes. Recently we had too many new exchanges. Just look at their product and project they have taken upon and the size of volumes traded in the exchanges. Check out their services and try trading in the respective exchange with minimum amonut. Utilyze the exchange with transactions. If everything is good then, proceed with a large amount of transactions. Activate 2FA authendication to avoid hacks and thefts.

Are you really trading there or you're just part of the marketing team? Base on your post history, you are advertising it everywhere in the forum and runs the airdrop of it. Telling the people that you are trading there and isn't even mentioning that you are part of them isn't ethical to me. Why I'll use this kind of exchange if I'm very satisfied with the current exchange that I've been using. And besides with the concern of what I've said from the very first sentence is part of my choice.

Pretty sure OP is promoting that site. I've heard about this PrimeXBT many times though (not sure when or where I read about it), but people still love to use Bitmex or Deribit (which is generally accepted as better than Bitmex or Bitmex alternative).

$78 mil volume is big (unless it's faked). Btw, there's a review on Blockonomi about this exchange.[1]

[1] https://blockonomi.com/primexbt-review/

I was helping them with threads, but here I don't do promo, a really ask your opinion as for myself I tried to trade on Prime and was wondered how trades executed fast enough and with so friendly interface, previously I was trading on Bitmex, but they have too many problems with trade execution, crazy order book and unfriendly interface 

BTW here is what i found about bitmex and prime https://cryptodaily.co.uk/2019/02/primexbt-to-replace-bitmex-9-reasons-why

Positive reviews do not tell me anything, because I know that all this can be bought, creating a good appearance. We must be careful.

It's either fake, or super inflated because they calculate their volumes based on the leveraged trades. In other words, you should deduct 90% of the volumes there based on how these platforms on average use 10x leverage.

The same applies to BitMEX and the rest of the exchanges offering the same services. If you see them push volumes of $1 billion, it's just $100 million in actual volume. Currently the ratios might be even worse with the bear market.

Less volatility means higher leverage counts to make your trades worthwhile. That being said, the site seems to have a pretty decent Alexa ranking, so unless they're faking that, it's actually doing quite well.

i feel this exchange is using some fabricated figures better nt to do trading with unknown exchangers

This PrimeXBT is a crypto trading platform if I am not mistaken? I have been in their Ann thread also find their opportunity in their airdrop campaign. This project is good and also we can clearly see how the team working behind the project is truly making the best they could to make this far. I admired how PrimeXBT works.

I feel this exchange is not a kind of worth to be trusted, but i appreciate this new born exchange to get in the community.

Well, this is really good exchange. For who have follow them from started this project, the team have do a lot of working with high atitude and now, we have big community for this platform.

Any exchanges have risk even how popular that is. Recently,  we heard about what happened to that popular exchange and up until now, it's still not returning. So, this is the advantage of having a crypto because the technology is spreading around the globe and I think it's impossible now to shut it down.

Well, as of now nobody is accusing the site and I think time will tell about it. Being new could so hard to trust as it has still needs many feedback for them to gain the trust of the crypto community

As I have noticed, the exchange is still new so we cannot decide if it is legit or not. But it's good to know that the platform is already functional in trading coins. Maybe in the upcoming more days, there will be some good things will be happening here, then that will help us to conclude this.

read this, they have the potential to beat the Bitmex

https://i.imgur.com/8LkfcaR.jpg (https://bitcoinexchangeguide.com/bitmex-vs-primexbt-comparison-a-look-at-each-cryptocurrency-trading-platforms-features/)

A clear argument regarding the matter between the PrimeXBT and Bitmex is not the measurement to be used which is better. But we can only decide if both parties show who will be themselves as the deserving one.

I think it's worth a closer look at this platform. I also went in several times and tested it, I think that you can use it.

Definitely, healthy competition will only have a positive impact on the development of this platform. In fact, I think this is the best way to improve the quality of the platform.

Indeed, PrimeXBT offers aggregated liquidity from 12 exchanges, it's not a local volume. otherwise it would be impossible for a new exchange that just launched a month ago to has that huge liquidity. It's not clear yet if they have a legal agreement with those platforms or they just use API on their side since there is no partnership on the website. PrimeXBT claims to bring aggregation that used at Forex for long time to crypto space, however gaining reputation is a long journey.

First make some few trades on the exchange first and then decide from there but my guess is that once an exchange have established itself and is trading major coin and have CMC listing the only thing to fear is the maybe hacking of account which many exchanges have protections for that already

I look at this crypto exchange that you are talking about and see that it is also a crypto trading platform if I am not mistaken? The project have a good platform and also great goals and visions. I want to see more of its achievements and more updates to come.

I have also visited this platform like the other crypto traders and users here. I see a good outlook to the PrimeXBT from having a great platform as an exchange.

Yes, it is the time for make new exchange with legitimate at deposit/withdraw and i like PrimeXBT at their laverage: 100x.

The author of the topic, I think you should not doubt the project, there are a lot of positive reviews, I read it myself and was surprised that the table to many users knows about the project.

Even if its a new exchange, it won't make the user would easily trust, but it would takes many times.

What exactly is your point because I don't seem to understand your point of view. Anyway, creating exchanges would always be open as long as they met the required details.

Reviews probably gives them the reason for the person would be curious about it. Probably it's because the platform still haven't been accused of having a negative feedback. Hopefully, the team would continue to act as what they are promised.

I believed the platform will have potential and can be trusted soon because the team are keeping in touch with this and they always make sure that every details and informations are clear. In fact, it is being compared to bitmex which is a good indication to succeed.

Yes, I also think that this platform has a great future. Because these guys are always actively communicating with their supporters and answer all exciting questions.

Actually, his idea is some what confusing but in the other hand he hit the something legit thing, but anyways the exchange somewhat risky but profitable outcome its still depend how market works and the changes of values.

If you would volunteer to explore deep about the site then you yourself would be able to give a feedback. Just a suggestion if you have extra time.

All the exchangers are not helpful as well as not trustful or they are giving away less amount in concern to their price.But i heard about this exchanger.This is trustful because they have trusted people & when they have leverage 

Why would people do that? BitMEX and Deribit are doing an exceptional job and have a solid reputation. People have no problems sending hundreds of thousands worth of Bitcoin to these exchanges.

All the 'volunteering' you're referring to has already been done when it comes to the aforementioned platforms. Even if people did 'volunteer' as you state, it's not going to do much for most people here or large traders.

I haven't seen one single good new exchange in the last 12-14 months. It's mostly all foreign and unlicensed rubbish. We need more quality exchanges, not more of these rubbish exchanges.

You can get ideas as long you are eager to know deeper about it. It is not about feeding you everything such as the process and what it is all about. It also needs effort to get those information because there are things that they will not tell mostly positive or the good side will be shared.

I really think that based on most people saying the exchange is pretty legit except for few here and there normal people suspense and criticism but the thing is maybe they might need CMC listing to clear few obstacles along the way and then few Months it will surely pickup from there

this is kind of serious issue. everyone needs to be carefull when its about exchangers. new born exchangers are offering attractive offer than dissapear to take evrything from people. everyexchangers is not secured at all

Truly, in the world of crypto, having doubts to the different crypto project cannot be avoided. What's important is that people are keep.on looking for the legit crypto project they wanted to engage with, which I can say something like this that I found the PrimeXBT as a proud crypto trading platform. I am rooting for the project to continuously grow the community and accomplish all its goals.

I don't think so, i think they will gain more trust and customer only if they running their platform smoothy and no problem with security. Last year, we have a lot of crypto hacked.

In the first time I see the word "100x leverage", I only thing that site is similar to Bitmex, but I don't know how good that site because I never heard that site. I prefer to stay in Bitmex for leverage trading because Bitmex has a well reputable and many traders use that site for trade. Be careful if you decide to use that site because the site still a new leverage trading site and they need to proves to us if the site is really good.

You are right! Doubts and risk is always there when you are supporting or joining such crypto project. It just a matter of finding ways in order to know if it is legit or not because information from the team is easy to believe and share to people. Result of their job is one thing we can base on how legit and how good the crypto project is. That is why gaining trust from the people is one thing that each team should work on and keeps on updating information about the project.

Very well said. Because for me, creating a path to a successful future of the entire project is not just because that the project alone have a great platform but also because it have a team members that never get tired of the continuous progress and developments of the project.

I think you know all about this exchange. I do not understand why you created this topic. You advertise this service and simultaneously ask us about it.

https://i.ibb.co/Nxfghj0/1101.jpg

Yes, I agree with you that the OP is pretending to have just discovered this scheme whereas he has been heavily involved in promoting it for some time.
There are various red flags concerning the legitimacy of the company registration of primeXBT, its promotional activities and a further case of deceptive posting on this forum by admin members pretending to be customers.
See my post (copied below from main thread) and read this. (https://bitcointalk.org/index.php?topic=5113388.0)





Avoid this site until these important matters are addressed.