PrimeHolders Exchange Review
Have cryptocurrencies piqued your interest? With all the talk surrounding Bitcoin and other digital currencies, even those who don’t have any knowledge of the financial markets have been attracted to this space. People have made millions from the crypto space within a short span of time. Who doesn’t want to do that? Crypto trading is just as simple as trading other financial instruments, but this means that you have to find a broker first. As PrimeHolders Exchange is one of the options you will find, it is a good idea to check out PrimeHolders Exchange review to know what you are getting into.
Sure, there are hundreds of companies that have added crypto to their asset index, along with other instruments. However, as cryptocurrencies are different from other traditional financial instruments, it is best to choose a platform that specializes in this market. There are a number of companies that you will find in this regard as well and one of these is PrimeHolders Exchange. The platform has become recognizable quickly because of its offerings, but this doesn’t mean it will be the right fit for you.
Rather than signing up without doing any research, you should ask some important questions about PrimeHolders Exchange in order to ensure it can cater to your needs. What are these questions? Check them out below:
Is PrimeHolders Exchange Secure?
While the cryptocurrency market has become well-known for its profitability, some of its notoriety is also because of the security concerns that exist. Many platforms have been compromised and client funds and sensitive information has been stolen by cybercriminals, which has become an important concern for traders. Therefore, when you start searching for a trading solution, you would obviously want to go with a secure one that protects your money and your information. PrimeHolders Exchange has taken the necessary steps and measures to do so.
When it comes to security of your funds, they keep digital and fiat reserves separately. Wallets are used for keeping digital currencies, which boast multi-signature signing and are air-gapped. The wallets are kept segregated from the primary platform. As far as fiat currencies are concerned, they are also maintained in segregated accounts by PrimeHolders Exchange, which means customer funds are not mixed with the company’s. They are not used to pay off any operational expenditure.
Moreover, you will also find out that KYC (Know-Your-Customer) and AML (Anti-Money Laundering) policies are also implemented for the security of clients by PrimeHolders Exchange. This ensures that no fake accounts can be created on the platform, as traders have to verify their identity and residence to be able to use their services.
What cryptocurrencies does PrimeHolders Exchange offer?
It wouldn’t be a smart move on your part to select a broker without knowing what assets you can trade through them. Sure, you are interested in cryptocurrencies, which means it is probably Bitcoin that has drawn your attention, but it is definitely not the only option you will find in the market. The market was kicked off in 2009 by the introduction of Bitcoin, but it has expanded rapidly and there are thousands of other digital currencies that are now available in the market. The profitability and volatility of each cryptocurrency is different and you can take this into account when deciding which one to trade.
However, it is important to remember that not every broker will offer you access to the entire crypto market. Most of the platforms offer a handful of options that include Bitcoin, Litecoin and Ethereum, but PrimeHolders Exchange has chosen to do things differently. As they are completely focused on the crypto market, you can find an extensive variety of cryptocurrencies available on their platform. These include Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, Monero and more. With this many options at your disposal, you will be able to diversify your portfolio easily and maximize your returns.
How do you trade via PrimeHolders Exchange?
Have you ever thought about why brokers are crucial to the trading process? It is primarily because of the trading platform they provide i.e. the software that connects traders to the financial markets and allows them to open and close positions. There are different types of trading platforms that exist and it is at the discretion of the broker to decide which one to offer to you. However, as it can have a big impact on your experience, it is a best to check out the features and tools it provides.
The same is applicable in the case of PrimeHolders Exchange and you will find that they have a web trading platform that operates via the browser, which means it is quite flexible. You can use it on any device that seems convenient and don’t have to worry about downloading or installing it anywhere. It is a feature-rich platform that boasts a highly intuitive interface while offering lighting fast trade execution. Trading signals, market reviews, custom indicators, fundamental and technical analysis, advanced order types and latest market news are just some of the tools you will be able to use on the platform.
In addition to these offerings, you will also come to know that PrimeHolders Exchange has kept their registration process simple and easy for everyone. It doesn’t take long for you to be able to start using their platform. Moreover, you will also be able to take advantage of low trading commissions and clear and transparent charges. This ensures that there are no surprises and the tight spreads allow you to maximize your profits.