Bitcoin Prime Review – Legit Crypto Trading Platform?

In this Bitcoin Prime review, we will analyze all the claims made by this cryptocurrency trading platform. 

We examine the authenticity of the Bitcoin Prime trading platform by taking a look at the supported cryptocurrency assets, going through the website and learning more from other reviews and client testimonials. 

Bitcoin Prime Platform Overview

The table below summarizes some of the important features of Bitcoin Prime, including the withdrawal speed, minimum deposit, and customer support. 

Type of Trading  Crypto 
Success Rate Not Specified
Cryptocurrencies Available BTC, ETH, XRP, ADA, and more
Available on Mobile? No (But accessible via mobile browsers)
Withdrawal or Deposit Fees None
Customer Support Live Chat and Email
Withdrawal Speed 24 hours
Minimum Deposit $250

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

What is Bitcoin Prime?

Bitcoin Prime claims to be a trading platform, that allows all customers to trade some of the best digital currencies in the world. In 2023, the popularity of cryptocurrencies is rising once again. 

After starting the year at the $16,500 zone, Bitcoin is trading well above the $22K mark. After the positive movement this cryptocurrency experienced, other top altcoins, such as Ethereum, are also trading upwards. 

Bitcoin Prime claims to cater to this crypto market, by allowing users to buy and sell Bitcoin (BTC) and other altcoins such as Ethereum (ETH), Cardano (ADA), Binance Coin (BNB), Ripple (XRP), and Bitcoin Cash (BCH). 

Bitcoin Prime home

By reading other Bitcoin Prime reviews, we have discovered that this platform also claims to offer 24/7 customer support to assist all users. Bitcoin Prime allows customers to strategize future trades by claiming to offer a demo trading account. After going through Bitcoin Prime’s website and other online reviews, we could not find much information about the organization’s creators or development team. 

There is also a limited amount of information available on how Bitcoin Prime works. Therefore, it is hard to verify the legitimacy of Bitcoin Prime’s trading platform. Interested readers should make sure they properly research the website and go through all the terms and conditions before making an investment. 

Who Created Bitcoin Prime?

Bitcoin Prime has preserved the identity of its platform creators. On the Bitcoin Prime website, there is no ‘About Us’ page which offers any details on the staff or creators of this trading platform.

Bitcoin Prime also does not run any pages on social media platforms, limiting the information available on its organization. 

Bitcoin Prime Pros & Cons

The sections below discuss some pros and cons of Bitcoin Prime’s trading platform based on its website.

Pros pros

  • Claims to offer 24/7 customer support
  • Commission-free trading is provided
  • Invest in Bitcoin and some of the top altcoins 
  • Demo trading offered
  • Quick withdrawal speed (maximum 24 hours)

Cons 

  • Does not offer a mobile trading app
  • Platform website does not contain much information

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

How Does Bitcoin Prime Work?

The Bitcoin Prime website allows users to gain access to the trading dashboard after completing a registration form. One needs to enter their personal information to complete the KYC (Know Your Customer) process and then make a minimum deposit. 

Since the minimum deposit on Bitcoin Prime is set at $250, make sure to properly analyze the platform before making any investment decisions. While most trading exchanges offer information about the available trading tools and indicators at one’s disposal, Bitcoin Prime does not give any details. 

Intuitive Trading Platform

The platform lacks transparency before the investment is processed. Thus, we cannot comment on the trading features and charting patterns one should expect to receive with Bitcoin Prime. The website does mention that Bitcoin Prime claims to be integrated with other trading platforms, such as Meta Trader 4. 

This web-based platform lets users start trading cryptos, forex, and other assets, after leveraging hundreds of trading indicators to conduct fundamental and technical analysis. 

While Bitcoin Prime does not provide its own mobile trading app, the platform is accessible through a mobile phone via online browsing. Once the deposit is made, you can trade top cryptocurrencies with Bitcoin Prime. 

Which Devices can be Used to Access Bitcoin Prime?

Here is a list of some of the devices through which Bitcoin Prime may be accessed: 

  • Mobile phone (via web-based browsing)
  • Desktop
  • Laptop
  • iPads and other tablets

Bitcoin Prime – Supported Countries

While we cannot confirm the claims, Bitcoin Prime states to offer its services in the countries listed below: 

  • Australia
  • Brazil
  • Canada
  • Spain 
  • Germany 
  • South Africa
  • Singapore

Customers from the United States of America and the United Kingdom can apparently access Bitcoin Prime by using a VPN.

Bitcoin Prime – Top Features

The sections below discuss some of the key features of the Bitcoin Prime trading platform. 

Commission-Free Trading

It is important to check the platform’s available trading fees before signing up. While each exchange may charge some sort of fee on commissions, credit cards, or as a subscription cost, Bitcoin Prime apparently charges no such fees. 

The only time investors are required to make a payment is when they are depositing funds into the trading account. 

Trade Bitcoin and other Altcoins

As per the Bitcoin Prime trading website, users can create an account and buy and sell Bitcoin, the largest crypto with a market cap now of over $500 billion.

Bitcoin market cap

The platform also claims to support trading for altcoins, including Ethereum, Dash, Zcash, Binance Coin, and Ethereum Classic. 

It’s not clear if Bitcoin Prime also supports newer cryptocurrencies with a low market cap.

Access a Demo Trading Account

As per the information garnered from other Bitcoin Prime reviews; one can practice trading strategies by accessing a demo account. This account comes pre-loaded with paper money, meaning investors are not making trades with real funds. 

The demo account can be leveraged to examine the profitability of a particular trade or strategy. Moreover, users can familiarize themselves with the available trading tools before switching to the standard account. 

Is Bitcoin Prime Legit or a Scam?

To analyze the authenticity of Bitcoin Prime’s trading platform, we have studied other platform reviews and gone through the trading website. While we have garnered some details on Bitcoin Prime, it is hard to confirm the authenticity of all the claims. 

This stems from a lack of transparency due to the limited information Bitcoin Prime offers. Firstly, we do not know anything about the organization’s founders. Secondly, the website does not tell us about the trading tools or features available on Bitcoin Prime’s dashboard. Finally, there are very few customer reviews on Trustpilot. Therefore, we cannot get a clear picture of the public reception on this platform. 

Therefore, we recommend users only begin trading after they are 100% sure that Bitcoin Prime can cater to their trading needs. When trading cryptocurrencies in general, make sure you only invest what you are prepared to lose. 

What is the Minimum Deposit on Bitcoin Prime?

By analyzing the platform website, we have learned that Bitcoin Prime charges a $250 minimum deposit. This payment can supposedly be made via several payment methods, such as credit and debit cards. E-wallets such as PayPal may also be used to make the payment. 

Bitcoin Prime Reviews

As part of our research on Bitcoin Prime, we analyzed other review pages to gather more information. While we did learn about the possibility of Bitcoin Prime offering demo accounts and customer support, the reviews could not confirm these claims due to the limited information Bitcoin Prime offers. 

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

Do any Celebrities Endorse Bitcoin Prime?

Since there is not much known about the creators and founders of Bitcoin Prime, many are wondering whether any influential celebrities are behind the creation of this trading platform. 

For example, there are rumors of Elon Musk’s possible involvement in the Bitcoin Prime trading platform. By studying Reddit threads and other online reviews, we have been able to debunk these claims. The Tesla and SpaceX CEO has nothing to do with this trading platform. While there is a chance of Twitter incorporating cryptos due to Musk’s takeover, the billionaire has not ventured into building his own crypto trading platform. 

Similarly, there are claims that Jeff Bezos, one of the richest people alive, endorses Bitcoin Prime. As the creator of Amazon, Bezos built a global business that is worth more than $1 trillion. However, he has nothing to do with Bitcoin Prime nor does he endorse the organization. 

Bitcoin Prime Customer Support

From other Bitcoin Prime reviews, we have learned that this organization apparently offers a customer support team to assist all members. Available 24/7, the customer help team can apparently be accessed via live chat and email options. 

How to Get Started With Bitcoin Prime

After going through this trading platform’s website, you can decide whether you wish to invest with Bitcoin Prime. If so, the sections below will show you how to do so:

Step 1: Create an Account with Bitcoin Prime

To get started, visit the Bitcoin Prime website and start creating your new account.

Crypto trading platform account creation

On the home page, users will see a registration box. Enter your first and last name, email address, and phone number to complete the registration. 

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

Step 2: Make a $250 Deposit

As mentioned above, the minimum deposit on Bitcoin Prime is set at $250. The payment can be made via multiple payment options. Notably, Bitcoin Prime will give one access to the dashboard only after completing this payment. 

Step 3: Access the Bitcoin Prime Dashboard and Start Investing

Once your $250 payment has been processed, Bitcoin Prime claims to give you access to the trading account. Choose your preferred cryptos and start trading. 

How to Delete Bitcoin Prime Account?

Bitcoin Prime claims to allow users to terminate their accounts from the menu. However, not much else is known about the account termination process. 

Latest Bitcoin News

The sections below are offering some of the latest news surrounding Bitcoin, the largest crypto in the space. 

  • Bitcoin is about to close around the $28k level on the weekly timeframe. TradingView’s technical analysis suggests that Bitcoin is trading in a ‘Buy zone’, compared to a ‘Neutral zone’ from prior weeks.
  • BTC corrected following the collapse of Silvergate, a global cryptocurrency payment network that fell by 50% in valuation, but then quickly recovered.
  • Currently, Bitcoin is trading at $28,500, with a market capitalization of approximately $540 billion.

Is Bitcoin Prime Legit? – The Verdict

Our Bitcoin Prime review has discussed all of the important features and information available on this trading platform. To examine this trading platform, we have collected information from external review sources, researched client testimonials, and debunked theories of the organization’s creators. 

We have concluded that Bitcoin Prime lacks transparency due to the limited amount of information they offer to the general public. One should carefully consider the risks of trading cryptocurrencies and properly research a platform before investing.

Cryptocurrencies are unregulated. Trading with unregulated brokers will not qualify for investor protection.

FAQs

What is Bitcoin Prime?

Does Elon Musk endorse Bitcoin Prime?

Who is the founder of Bitcoin Prime?

Viraj Randev

Based in Wembley, England, Viraj graduated from the University of Surrey before pursuing an internship at DBS Bank in New Delhi. Following that experience, Viraj pivoted to a personal passion - creative writing - quickly becoming a top-rated Upwork freelancer and gaining further experience on OwlRatings. Currently Viraj is now part of the Techopedia team lending his knowledge of the financial markets to the site, reviewing trading platforms and offering tips for beginners to investing. In his spare time he also enjoys script writing.