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Author Topic: PrimeBit.com - P2P Exchange Platform for P2P Currencies, up to 200x leverage  (Read 332 times)
PrimeBitExchange
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August 08, 2019, 11:48:03 AM
Last edit: October 29, 2019, 10:00:25 AM by PrimeBitExchange
 #1

Hi All,

I’m a member of the PrimeBit team.

For the last months, we’ve been polishing our new product - PrimeBit, which is a transparent, peer-to-peer cryptocurrency trading platform.
PrimeBit is a p2p exchange platform for cryptocurrencies. You can trade perpetual fixed-point value contracts with up to 200x leverage and no expiry date.
We put safety and integrity before all. That’s why we built PrimeBit a trading platform that drives an intuitive, simple and transparent contract exchange for everyone.
PrimeBit will be open for trading soon. At the moment everyone can sign up for early registration and get a premium PrimeBit account.
The sooner you sign up, the higher benefits you will enjoy.

If you sign up today you get Platinum PrimeBit Account with 50% lower taker’s fee.

Few facts about PrimeBit:

  • P2P Trading - exchange contracts directly with others
  • MetaTrader 5 - use advanced trading platform on PC and mobile
  • No expiry dates - trade perpetual contracts with no limits to your profits
  • Fixed point value - easy to understand price model with linear returns
  • Fair price marking - stop losses and stop-outs based on external benchmarks
  • Full Transparency - we make sure everyone is on the same page
  • High leverage - you can buy a contract worth up to 200x more than your funds
  • Affiliate program - transparent affiliate management tool and many advertising materials
  • Mobile friendly - trading on mobile app or mobile webtrader

Let us know what you think and sign up for early access. PrimeBit will available at the end of August. We’ll let you know, so you can enjoy the benefits of your premium account from the first day.

Check out the post in:

Russian: PrimeBit Pyccкий Teкcт
Spanish: PrimeBit Tema en Español
German: PrimeBit Deutches Thema
Portuguese: PrimeBit Tópico em Português
Turkish: PrimeBit Türkçe Konu
Filipino: PrimeBit Philippines Topic
Polish: PrimeBit Polski Wątek
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August 09, 2019, 05:13:00 PM
 #2

Some things are missing from your site. Where is this:

- TOS

- FAQ

- Social networks

- who is the owner of the exchange?

- where is the exchange located?

I cant even comprehend Bitmex 100x leverage but this one offers 200x.This site would be liked by gamblers. lol



the site is very strange and there are some things that are missing

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August 10, 2019, 10:50:12 AM
 #3

Some things are missing from your site. Where is this:
- TOS
- FAQ
- Social networks
- who is the owner of the exchange?
- where is the exchange located?

They've responded to similar questions in our local board.


Owned by: PrimeBit Ltd.
Location: Suite 305, Griffith Corporate Centre P.O. Box 1510, Beachmont Kingstown, St. Vincent and the Grenadines

Other relevant data you can find at https://primebit.com/resources/PrimeBitPrivacyAndCookiesPolicy.pdf

Be informed also that the exchange isn't licensed to offer such service yet.

Sa ngayon wala pa kaming lisensya.
Translation: Right now, we don't have a license.
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August 12, 2019, 05:19:26 AM
 #4

Sa ngayon wala pa kaming lisensya.
Translation: Right now, we don't have a license.

Are they based in the Philippines?

200x leverage is crazy. Are there enough funds to cover all of that? 1 BTC could result in 200 BTC which is simply a lot. One mistake and it could go wrong forever.

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August 12, 2019, 09:13:00 AM
 #5

@carlfebz2 PrimeBit Exchange will offer adjustable leverage, from 1x to 200x.

@Slowdeath currently PrimeBit Exchange is in the pre-launch phase (only landing pages and affiliate management panel for now visible).
Homepage and exchange will be launched at the end of August/ beginning of September. PrimeBit is registered at SVG.

@joniboini PrimeBit Exchange will offer an auto-deleveraging system to make sure financial security of all clients funds stays at the highest standards.
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September 17, 2019, 08:59:09 AM
 #6

Hi Bicointalk readers, we have just launched the PrimeBit P2P crypto-products trading platform I wrote to you about in the previous post.

Log into app.primebit.com and give it a try. You can trade fixed value perpetual Bitcoin, Ethereum and Litecoin contracts with an up to 200x leverage.

Try a fully functional DEMO or a LIVE account with no minimum deposit. Let us know if you see any missing feature - now is the best time as we can probably add it on the fly (or we are already working on it).
PrimeBit is a great product and can be a better alternative to BitMEX. Now it’s the best time to promote it with our affiliate network where you can get up to 20% lifetime revenue share from every new account registered via your link.

There are amazing trading opportunities waiting for you on PrimeBit. Don’t miss out on them. Log in and check out the market depth in a hunt for some great deals.
How do you like PrimeBit? Let’s talk about it in this Bitcointalk thread.
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September 17, 2019, 03:45:00 PM
 #7

How do you like PrimeBit? Let’s talk about it in this Bitcointalk thread.
I think you should redesign the site, it looks good but does not fit the nature of the site, perhaps this design is suitable for the game or something like that.
The terms of service provided by you are harsh and I assume that you have a license before you request such restrictions.
Doubling 200x is significant. I hope that it will be more detailed or the site will be considered as a Ponzi scheme.

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September 18, 2019, 02:02:07 AM
 #8

@Slowdeath currently PrimeBit Exchange is in the pre-launch phase (only landing pages and affiliate management panel for now visible).
Homepage and exchange will be launched at the end of August/ beginning of September.

I think there are still things you need to improve on your site.

for example:



what is it?

and what that is:



are images that in my opinion have nothing to do with an exchange

PrimeBit is registered at SVG.

what is SVG?

Why did you rush to create an ANN Thread when you still had a few things left to do on your site?

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September 18, 2019, 11:40:29 AM
 #9

@hugeblack thanks for your feedback, we really appreciate that.

a) We are offering a very innovative product, that’s quite complex on the inside but very simple to use even for beginner traders. That’s what we want to show with our website design. We like it a lot and we hope it helps us stand out from the dull competition.
b) We are the first P2P cryptocurrency derivatives platform with 200x leverage, which is our advantage over the main competitor BitMEX.
c) We are also the first platform of this kind fully integrated MetaTrader 5, which is a standard tool for all traders worldwide.
d) PrimeBit and MT5 offers a great mobile & desktop app, web trader, signal trading (Expert Advisors), quick integration with institutional clients, high reliability.
e)We have no minimum deposit.
f) We operate on matching/ trading engine can handle 1 million trades per second, coded in C++.
g) Finally, PrimeBit does not liquidate positions at bankruptcy price unless the liquidation would result in a negative balance. It means that PrimeBit does not support the concept of an Insurance Fund, which has been employed by most of the crypto exchanges, because it increases losses of highly-leveraged users. At PrimeBit we just make sure that once forced liquidation is initiated, the user is provided with the best price possible.
h) Currently, we do not have a licence. However, PrimeBit’s legal team works 24/7 to make sure we meet all regulatory demands for compliance. This is a difficult task as the regulations differ from country to country. As you can see in our T&C we have some regional restrictions.

Let me know if you are still missing any information. Once again thanks for your feedback, we want to answer all of your questions. It will help us make PrimeBit a clear and transparent platform, which is our goal.

@Slow death, thank you for your feedback, really appreciate it.

a) As for the website, we explained it above. However, if we receive more negative feedback about the design from you, we’ll definitely consider changing it.
b) PrimeBit Ltd. is registered in Saint Vincent and the Grenadines - SVG.
c) We created the thread for early subscribers, who could get premium accounts. Now PrimeBit platform is already live. Sign up at app.primebit.com and let us know what you think.
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September 25, 2019, 02:50:33 PM
 #10

Hi there,
We have just uploaded some handy video tutorials to our YouTube channel.
You can also go directly to one of our playlists for: Desktop app tutorials or Mobile app tutorials
Thanks,
PrimeBit Team
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September 30, 2019, 07:47:22 PM
 #11

You seem to be a shady knockoff of PrimeXBT, based on your name.
Which, as was my understanding, is a shady knockoff of bitmex.

Why should users trust your service?
And why, even if it is trustworthy, should they choose it over a more reputable one?

What are your fees?
What is your liquidity?
Where are you based?

More transparency, and less trying to make a copycat product would be a good thing, imho.

 
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October 01, 2019, 09:46:32 AM
 #12

You seem to be a shady knockoff of PrimeXBT, based on your name.
Which, as was my understanding, is a shady knockoff of bitmex.

Why should users trust your service?
And why, even if it is trustworthy, should they choose it over a more reputable one?

What are your fees?
What is your liquidity?
Where are you based?

More transparency, and less trying to make a copycat product would be a good thing, imho.


We have nothing to do with the mentioned broker as we have nothing to do with Amazon Prime. We just share part of the name.

You build trust with time. Log into PrimeBit, try it out with a free DEMO, and give it a try.

We are building the first crypto perpetual contracts MetaTrader 5 platform.

All the information, fees, and T&C are available on primebit.com.

Maker fee: -0.0250%
Taker fee: 0.0750%
More information our contract specification is here: https://primebit.com/contract-specs/

You can check our liquidity in the order book on MetaTrader 5 desktop on symbols with .last extension.

PrimeBit Ltd. is registered in  St. Vincent and the Grenadines.

Please, give PrimeBit a try with a free DEMO before making accusations Wink
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October 01, 2019, 11:57:42 AM
 #13

What are the advantages of a linear product compared to what Deribit and Bitmex offers? Their products are not fixed to a BTC value per USD rise in value, correct?

Also, 200x leverage seems like a very high leverage to be offering. Most derivatives trading platforms only offer up to 100x.

While this could be an attractive feature, do you guys have sufficient funds in terms of "insurance" like Deribit's insurance fund in order to compensate for periods of high volatility where positions can be liquidated on a very rapid basis without warning? With such high leverage, it could be difficult.

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October 01, 2019, 06:45:26 PM
 #14

You seem to be a shady knockoff of PrimeXBT, based on your name.
Which, as was my understanding, is a shady knockoff of bitmex.

Why should users trust your service?
And why, even if it is trustworthy, should they choose it over a more reputable one?

What are your fees?
What is your liquidity?
Where are you based?

More transparency, and less trying to make a copycat product would be a good thing, imho.


We have nothing to do with the mentioned broker as we have nothing to do with Amazon Prime. We just share part of the name.

You build trust with time. Log into PrimeBit, try it out with a free DEMO, and give it a try.

We are building the first crypto perpetual contracts MetaTrader 5 platform.

All the information, fees, and T&C are available on primebit.com.

Maker fee: -0.0250%
Taker fee: 0.0750%
More information our contract specification is here: https://primebit.com/contract-specs/

You can check our liquidity in the order book on MetaTrader 5 desktop on symbols with .last extension.

PrimeBit Ltd. is registered in  St. Vincent and the Grenadines.

Please, give PrimeBit a try with a free DEMO before making accusations Wink

I made no accusations.
I drew parallels.
Valid ones, at that.

Signing up for a service before you know details about it is ridiculous. You haven't earned my email address, yet.


I asked why users should choose you, over a reputable, established one. Still have no answer to that question.

You cannot deny the similarities between your name, and PrimeXbt.
I still doubt that was completely random.

 
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October 02, 2019, 03:21:45 PM
 #15

@magneto,
1)  we are the platform where perpetual contracts have a fixed value of 0,1 mBTC per $1 price.
That’s why on PrimeBit when the price goes up or down $1, the value of your contract always changes by 0.1 mBTC, while on BitMEX your long contract will bring lower BTC-denominated profits with every additional $1 Bitcoin price increase.

2) PrimeBit is the first cryptocurrency contracts trading platform that offers 200x leverage. It’s just an option for traders who want to take that risk.
You can also trade with lower leverage: 1x, 2x, 5x, 10x, 25x, 50x, 100x, and 150x.

High leverage means you’ll profit more if the market goes your way, but also the funds on your account will end sooner if the market goes against you.

3) For more information about liquidation mechanism and auto-deleveraging please visit our help section: https://support.primebit.com/hc/en-001/articles/360008735200-How-do-forced-liquidation-mechanism-and-Auto-Deleveraging-ADL-work-at-PrimeBit- 

@shaw1,
we have no interest in earning your e-mail. We want you to log in, try out our DEMO account, and tell us what you think, and after that if you like it start trading with real money.

Here are three main reasons you should try PrimeBit over the competition:
We run on MT5 which is the standard among traders
PrimeBit’s fixed value perpetual contracts give you profit that’s not diminishing (unlike i.e. BitMEX contracts)
We offer the highest max leverage on the market


Meanwhile, PrimeBit is not slowing down.
Today we added 4 languages to app.primebit.com (there are 40 languages available on MetaTrader already).
We also added "tutorials" tab in the web trader dashboard.
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October 07, 2019, 08:51:46 AM
 #16

We have just uploaded a new set of ads to the PrimeBit’s Affiliate Dashboard. Use them to promote your network. Just grab the ad code from your panel and share it on your social media profiles, put it on your website, or send it with an e-mail to your friends or customers.

Remember, you’ll get an up to 20% lifetime revenue share from every account registered after clicking any of your ads. Just create your first campaign and let the business snowball.

Here’s how to create a campaign with the new ads.

1. Log into the PrimeBit app, and click the ☰ button to open the slide-in menu.

2. Now, go to the Affiliate Program.

3. When in the Affiliate Dashboard, click “Marketing tools”.

4. You will find the newest ads set in the top.

5. Choose the size and language of the ads, and then the campaign you’d like to use them with.

6. Finally, copy the HTML code and place it on your website, social media or e-mail.

That’s it. Now whoever clicks on any of these banners will provide you lifetime passive income.
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October 29, 2019, 09:58:01 AM
Last edit: October 30, 2019, 09:42:36 AM by PrimeBitExchange
 #17

Here are some new PrimeBit features we’ve introduced after receiving feedback from You

Four new language versions of the user interface. Now you can use PrimeBit in 40 different versions: English, Arabic, Bulgarian, Chinese, Croatian, Czech, Danish, Dutch, Estonian, Finnish, French, German, Greek, Hebrew, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Latvian, Lithuanian, Malay, Mongolian, Persian, Polish, Portuguese, Romanian, Russian, Serbian, Slovak, Slovenian, Spanish, Swedish, Tajik, Thai, Traditional Chinese, Turkish, Ukrainian, Uzbek, and Vietnamese. Here’s a step by step guide on how to change PrimeBit’s language version.

Video Tutorials. If you are new to MetaTrader 5 or any other trading platforms, you should definitely go through our basic guides. You can find them here. The complete course will take you less than 25 minutes.

API with complete documentation. Now you can plug into PrimeBit with two types of API:
REST API for the trading functionality
WebSocket API for realtime updates on public market data and private channels

Direct deposits and withdrawals from the MetaTrader 5 desktop application. You may think it’s a small improvement, but many PrimeBit users asked us to add this feature. Now you can make transfers directly from the MetaTrader 5 Windows and macOS application. You can find the instructions on how to do it here.
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November 21, 2019, 10:15:59 AM
 #18

Hi everyone,

On Black Friday for 24 hours, we cut the taker fee by 40% on all trades!

The promo is available for every order you make on November 29 from 00:00:01 to 23:59:59 UTC.

Black Friday is going to be mad on PrimeBit. We expect a record number of users P2P trading on our platform.

If you haven’t tried PrimeBit yet, check it out now. It’s the best P2P crypto contracts trading platform.

Give PrimeBit a try today.
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November 25, 2019, 09:32:05 AM
 #19

Attention, traders!
We have added two new features to our platform:
PrimeBit now allows users to view all market pairs and order books without the need to log-in to the website
PrimeBit now has a ‘System Status’ page - you can be sure that everything is working correctly on our side
Visit https://app.primebit.com/ and enjoy the ultimate P2P trading platform
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December 18, 2019, 12:03:40 PM
 #20

Happy Holiday and a Great 2020!

What a year for the crypto community. We launched our P2P trading platform and the world went crazy about trading perpetual contracts.

2019 was the year when we brought to you PrimeBit - a perpetual contract exchange that offers unlimited profits with capped risk. 

It was a great year for Bitcoin and altcoins. We wish you all 2020 to be even better.

Our team is working all the time to build the best cryptocurrency trading platform. Here’s what we’ve done so far (all in 2019):

1) We launched the first crypto-products trading platform with the highest maximum leverage. We offer from 1x up to 200x leverage on BTCUSD, ETHUSD, and LTCUSD accounts
2) We were the first to integrate perpetual P2P contracts trading with MetaTrader 5 - the world’s most popular trading tool. MT5 guarantees a great mobile app, powerful desktop app, handy web trader, great features (such as signal trading, aka Expert Advisors), quick integration with institutional clients, great performance and high reliability.
3) Since the get-go, PrimeBit’s growth is mostly organic and fuelled by a very attractive affiliate program with up to 20% lifetime revenue share.
4) The result? In just a few months since going live, we have already attracted 4,000 traders.


Don’t miss out on the trading opportunities. Check out the order book and see if you can spot a promising trading offer.

We are not slowing down at all. At the moment our team is working on some awesome new features that will be out at the beginning of 2020.

1) We are going to introduce Tether deposits and withdrawals.
2) We’ll also bring to you Tether contracts:  BTCUSDT, ETHUSDT, and  LTCUSDT
3) Then we will launch a brand new PrimeBit WebTrader - an alternative to MT5 tools. We are sure you will like it.

Thanks for trading with PrimeBit. Join us during the holidays as the cryptocurrency trading here never stops.
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