Are you looking for a broker to trade cryptocurrencies? These days, a lot of people are searching for brokers to trade these digital currencies, which have become the next big thing. With the crypto market going through a new bull-run, there is a lot of money to be made, so it is not surprising that many people are jumping on the bandwagon. However, to be able to do so, you need to find a reliable platform and this is easier said than done. Frauds and scams have become rampant in the crypto space, so you need to be cautious. Therefore, this PrimeHolders Exchange review can prove to be immensely useful.
How? PrimeHolders Exchange is one of the platforms that will pop up when you begin looking for a crypto trading solution. Established by BlockEx Ltd., which is based in London, United Kingdom, it has gained recognition rather rapidly and for good reason. The platform known as ‘DAEX’ is a multi-asset trading platform, which has been developed for trading next generation assets. It is designed to be secure and offer a seamless trading experience to the users. If you are still unsure of whether to opt for it or not, you can check out the following reasons to consider their services:
Reason 1: Web Trading Platform
The cryptocurrency market is a tad different and more complex than other financial markets and when you add the volatility to it, the stakes are really high. Hence, it is a given that you would want to trade cryptocurrencies as easily as possible. It should be noted that your overall trading experience will depend on the trading platform provided by the broker. If it doesn’t have the appropriate features, is difficult to navigate or outdated, you will find trading to be a big hassle.
Keeping this in mind, an adaptable and flexible trading platform for its users has been developed by PrimeHolders Exchange for its clients. They have introduced a web trading solution, which is designed to work on any device supporting a web browser. This means that you can use it on your desktop PC, or your mobile devices, thereby trading from anywhere. It adds convenience and eliminates the need to download anything on any device. They have opted for a simple trading interface, making it easy to navigate for anyone, whether newcomers or skilled traders.
Nonetheless, this doesn’t mean that any compromises have been made in regard to performance. Powerful trading technology has been used for the trading platform by PrimeHolders Exchange in order to deliver quick trade execution and smooth trading. Traders can take advantage of one-click trading and there are numerous trading tools also available, which can enhance the overall experience. For instance, traders can use advanced charts, trading alerts and indicators, numerous order types, market analysis and enjoy a customized layout.
Reason 2: Variety of Cryptocurrencies
The crypto market was launched in 2009 when Satoshi Nakamoto introduced Bitcoin to the world. More than a decade later, thousands of other cryptocurrencies have been introduced and they have proven to be quite profitable as well. The problem is that not all brokers in the market will give you access to more than a few options and this can be frustrating for people who want to have access to a greater variety. This is one problem that traders don’t have to deal with PrimeHolders Exchange because the platform has opted to add a variety of crypto to their offerings.
Their goal is to provide their clients with the option of diversifying in the cryptocurrency market in order to enjoy as much profits as possible. In order to achieve this goal, they have added a wide range of cryptocurrencies. Therefore, singing up on PrimeHolders Exchange gives people the option of trading market leading cryptocurrencies like Bitcoin, Ethereum and Litecoin, along with some other choices like Bitcoin Cash, Dash, Monero and Ripple.
Reason 3: A Safe Trading Environment
If you have kept up with the crypto market, you are probably aware of the security risks that are associated with it. It is possible to minimize these risks with the right measures and you need to ensure that you have chosen a broker that follows through. This is where PrimeHolders Exchange turns out to be a sound option because they have made significant efforts to provide their clients with a safe trading environment. Whether it is protection of information, or the safety of the funds deposited with them, they have proven to be quite proactive.
You are provided DDoS protection when you are using their website and they have also used strong firewalls to keep cybercriminals out. Moreover, strong encryption technologies are used by PrimeHolders Exchange for protecting all sensitive and personal data shared with them by their clients. All systems are backed up regularly and encryption is maintained to prevent outsiders from gaining access. Even employees are not given a lot of authority to access confidential information.
As far as fund security is concerned, both fiat and digital currencies are protected by PrimeHolders Exchange. They have opted to maintain segregated accounts for storing all funds, which means company funds are not mixed with that of clients and neither used for paying any of their obligations. Even digital currencies are kept in segregated wallets and deposited in cold storage to prevent theft. The wallets are also protected through multi-signature and other strategies.
Lastly, you will also find that PrimeHolders Exchange is compliant with AML (Anti-Money Laundering) and KYC (Know-Your-Customer) policies, which are designed to reduce the risk of money laundering, financial fraud and identity theft. Traders are required to provide documents for proof of ID and proof of residence, which can prevent fake accounts from popping up on the platform.
Apart from these reasons, the top-notch customer support available, the low trading fees and commission, the quick and simple registration process and social trading features are also some of the great reasons that can convince traders to use PrimeHolders Exchange as their go-to trading solution when they want to trade cryptocurrencies.