New exchange seems legit for me, anybody heard about it?

[Vingolle]

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

[harizen]

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.

[incomefromcoins]

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

[Vingolle]

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

[btc_angela]

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.

[sheenshane]

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.

[BigBoy89]

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.

[1Referee]

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.

[Vingolle]

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.

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

[Greenkarki]

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.

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.

[passwordnow]

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.

[joniboini]

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/

[Vingolle]

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 

[Vingolle]

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

[Zalaster]

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/

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

[BitHodler]

$78 mil volume is big (unless it's faked).

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.

[incomefromcoins]

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

[Mikwik]

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.

[RasenShuriken]

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.

[JohnJarvis99]

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

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.