- General Service Conditions of PrimeBit – Cryptocurrency Broker
- Comparison of PrimeBit’s trading account types
- PrimeBit is a Cryptocurrency Broker
PrimeBit is a Cryptocurrency Broker
PrimeBit is an online Cryptocurrency broker.
With PrimeBit, you can transfer Bitcoin or Tether, and trade Cryptocurrency pairs on PrimeBit’s Web Trader and MT5 (MetaTrader5) with 1:200 high leverage.
PrimeBit provides you the platforms for margin trading, and you can use PrimeBit’s platforms to make profit from market price movements.
PrimeBit is not a Cryptocurrency exchange where you can exchange Crypto assets.
PrimeBit is also not a Forex and CFD broker, thus you cannot invest in FX currency pairs, indices, commodities, stocks or bnods.
For more information about the available financial instruments on PrimeBit, visit the page here.
General Service Conditions of PrimeBit – Cryptocurrency Broker
Every Cryptocurrency broker has unique features and service conditions, due to also the unique characteristic of Cryptocurrency market.
PrimeBit has in-house technology to offer innovative, consistent and smart investment environment for investors.
Please refer to the table below for the summary of PrimeBit’s service conditions.
|Available Financial Instruments||BTCUSD, BTCUSDT, ETHUSD, ETHUSDT, LTCUSD and LTCUSDT|
|Available Cryptocurrency with PrimeBit||Bitcoin, Tether, Ethereum, Litecoin|
|Trading Platforms||PrimeBit Web Trader (App) and MT5 (MetaTrader5)|
|Accepted Deposit Currency||Bitcoin (BTC) and Tether (USDT)|
|Negative Balance Protection (NBP)||Applicable|
|Required Minimum Deposit Amount||None|
|Withdrawal Fee||0.0001 BTC|
|Fund Safety with PrimeBit||Offline Cold Storage for 99% of fund|
|Trading of Forex and CFDs||Not available|
|Mobile Trading||Fully Compatible|
We have also summarized the trading conditions of PrimeBit’s Web Trader and MT5 platform here.
In order to start investing with PrimeBit, you need Bitcoin or Tether to invest with.
For more information about the account verification with PrimeBit, visit the page here.
For more information about the fund safety with PrimeBit, visit the page here.
Comparison of PrimeBit’s trading account types
Mainly you can choose from 2 main account types with PrimeBit, which are Bitcoin denominated or Tether denominated accounts.
Within PrimeBit’s Web Trader and MT5, you can also choose the financial markets to invest in.
|Contract type||Simplified perpetual contract||Quanto perpetual contract||Quanto perpetual contract||Perpetual contract||Perpetual contract||Perpetual contract|
|$1 price change value||0.0001 BTC||0.0001 BTC||0.0001 BTC||1 USDT||1 USDT||1 USDT|
|Settlement||No expiration||No expiration||No expiration||No expiration||No expiration||No expiration|
|Reference price||BTCUSD spot index||ETHUSD spot index||LTCUSD spot index||BTCUSDT spot index||ETHUSDT spot index||LTCUSDT spot index|
|Spot index constituents||Bitstamp, Coinbase, Kraken, Gemini||Bitstamp, Coinbase, Kraken, Gemini||Bitstamp, Coinbase, Kraken, Gemini||Binance, Bitfinex, Huobi, Kraken, OKEx, Poloniex||Binance, Bitfinex, Huobi, Kraken, OKEx, Poloniex||Binance, Bitfinex, Huobi, Kraken, OKEx, Poloniex|
|Spot index weighting||Equal weighted||Equal weighted||Equal weighted||Equal weighted||Equal weighted||Equal weighted|
|Funding interval||Every 8 hours||Every 8 hours||Every 8 hours||Every 8 hours||Every 8 hours||Every 8 hours|
|Minimum contract size||0.0001 BTC||0.005 BTC||0.01 BTC||0.0001 BTC||0.005 ETH||0.01 LTC|
|Liquidation reference||Fair price||Fair price||Fair price||Fair price||Fair price||Fair price|
|Contract loss mechanism||Auto-Deleveraging system||Auto-Deleveraging system||Auto-Deleveraging system||Auto-Deleveraging system||Auto-Deleveraging system||Auto-Deleveraging system|
Refer to this FAQ to find out how to start your registration with PrimeBit.