Bitprime Gold Review – Is it Scam? – CFDs and Real Cryptos

Introduction

Cryptocurrency trading has become increasingly popular over the years, and with the rise of trading platforms like Bitprime Gold, the process has become much simpler. Bitprime Gold is a trading platform that offers both CFDs and real cryptocurrencies, making it a popular choice among traders. However, with the growing number of trading platforms, it can be challenging to decide which one to use. This article aims to provide a comprehensive review of Bitprime Gold to help traders make an informed decision.

Bitprime Gold

History of Bitprime Gold

Bitprime Gold was founded in 2017 and is based in New Zealand. The platform was created to provide traders with a secure and reliable platform for trading cryptocurrencies. Since its launch, Bitprime Gold has gained a reputation for offering competitive prices and a user-friendly interface.

What Bitprime Gold Offers

Bitprime Gold offers a range of trading options, including CFDs and real cryptocurrencies. The platform supports several popular cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, among others. Traders can also enjoy leveraged trading, allowing them to trade with more significant amounts than their account balance.

Trading Options Available on Bitprime Gold

Traders can choose to trade CFDs or real cryptocurrencies on Bitprime Gold. CFDs allow traders to speculate on the price movements of cryptocurrencies without actually owning them. On the other hand, real cryptocurrencies involve buying and selling actual cryptocurrencies, which can be stored in a wallet.

CFDs and Real Cryptos

Explanation of CFDs and Real Cryptos

CFDs are financial instruments that allow traders to speculate on the price movements of an underlying asset without owning it. In the case of Bitprime Gold, the underlying asset is a cryptocurrency. Real cryptocurrencies, on the other hand, involve buying and selling actual cryptocurrencies.

Comparison of CFDs and Real Cryptos

CFDs offer traders the flexibility to trade with larger amounts of money than their account balance. However, trading CFDs can be riskier than trading real cryptocurrencies as traders do not own the underlying asset. Real cryptocurrencies, on the other hand, offer traders the ability to own the asset, which can be stored in a wallet. However, trading real cryptocurrencies may require more technical knowledge.

Advantages and Disadvantages of CFDs and Real Cryptos

The advantages of trading CFDs include the ability to trade with larger amounts of money, the ability to go both long and short, and the flexibility to trade on a range of cryptocurrencies. The disadvantages of trading CFDs include the risk of losing money, the spread fee charged by the broker, and the lack of ownership of the underlying asset. The advantages of trading real cryptocurrencies include the ownership of the asset, the ability to store the asset in a wallet, and the absence of spread fees. The disadvantages of trading real cryptocurrencies include the risk of losing the asset due to security breaches, the need for technical knowledge, and the absence of leverage.

Bitprime Gold Trading Platform

Overview of Bitprime Gold Trading Platform

The Bitprime Gold trading platform is user-friendly and straightforward. The platform features a range of tools and indicators, enabling traders to make informed trading decisions. The platform also allows traders to customize their trading experience by choosing their preferred layout.

Features of the Trading Platform

The Bitprime Gold trading platform features a range of tools and indicators, including charting tools, trend lines, and technical indicators. The platform also offers real-time trading, allowing traders to monitor their trades in real-time. Additionally, the platform features a range of order types, including market orders, limit orders, and stop-loss orders.

The Bitprime Gold trading platform is easy to use and navigate. The platform features an intuitive interface, making it easy for traders to find the tools and indicators they need. The platform also offers a range of educational resources, including tutorials and webinars, to help traders get started.

Security

Security Measures Put in Place by Bitprime Gold

Bitprime Gold takes security seriously and has implemented several security measures to protect its users' assets. The platform uses two-factor authentication (2FA) to ensure that only authorized users can access their accounts. Additionally, Bitprime Gold stores the majority of its assets in cold storage, which is offline and cannot be hacked.

How Secure is Bitprime Gold?

Bitprime Gold is a secure trading platform that has implemented several security measures to protect its users' assets. However, traders should always take additional security measures, such as using a strong password and enabling 2FA.

Risks Associated with Trading on Bitprime Gold

Like any other trading platform, there are risks associated with trading on Bitprime Gold. These risks include market volatility, the risk of losing money, and the risk of security breaches.

Fees

Explanation of the Fees Charged by Bitprime Gold

Bitprime Gold charges a spread fee, which is the difference between the buy and sell price of an asset. The platform also charges an overnight financing fee for leveraged positions held overnight.

Comparison of Bitprime Gold Fees with Other Trading Platforms

Bitprime Gold's fees are competitive compared to other trading platforms. However, traders should always compare fees when choosing a trading platform.

Transparency of Bitprime Gold Fees and Charges

Bitprime Gold is transparent about its fees and charges. Traders can find a breakdown of the fees on the platform's website.

Customer Support

Availability of Customer Support

Bitprime Gold offers customer support through email, phone, and live chat. The platform also features an extensive FAQ section, which answers most common questions.

Quality of Customer Support

The quality of customer support on Bitprime Gold is excellent. The support team is responsive and helpful.

Response Time of Customer Support

The response time of customer support on Bitprime Gold is fast. Traders can expect a response within 24 hours.

User Experience

Reviews and Feedback from Other Bitprime Gold Users

The reviews and feedback from other Bitprime Gold users are overwhelmingly positive. Users praise the platform's ease of use, range of trading options, and security measures.

Ease of Use of the Platform

The Bitprime Gold platform is easy to use, even for beginners. The platform features an intuitive interface, making it easy for traders to find the tools and indicators they need.

Personal Experience of the User

My personal experience of using Bitprime Gold has been positive. The platform is user-friendly, and the trading options are extensive. The security measures put in place by Bitprime Gold also give me peace of mind.

Regulations

Regulations Governing Bitprime Gold

Bitprime Gold is not regulated by any financial authority.

Compliance with the Regulations

As Bitprime Gold is not regulated, it is not required to comply with any regulations. However, the platform has implemented several security measures to protect its users' assets.

Importance of Trading on a Regulated Platform

Trading on a regulated platform offers traders additional protection. Regulated platforms are required to comply with strict security measures, ensuring that traders' assets are safe.

Alternatives to Bitprime Gold

Other Trading Platforms Offering CFDs and Real Cryptos

There are several other trading platforms offering CFDs and real cryptocurrencies, including eToro, Coinbase, and Binance.

Comparison of Bitprime Gold with Other Trading Platforms

Bitprime Gold compares favorably with other trading platforms. However, traders should always compare trading platforms before making a decision.

Advantages and Disadvantages of Alternative Trading Platforms

The advantages of using alternative trading platforms include the range of trading options, competitive fees, and regulatory compliance. The disadvantages include the need for technical knowledge and the risk of losing money.

Conclusion

Bitprime Gold is a secure and reliable trading platform that offers a range of trading options. The platform is user-friendly and offers competitive fees. However, traders should always be aware of the risks associated with trading and take additional security measures to protect their assets.

FAQs

What is Bitprime Gold?
Bitprime Gold is a trading platform that offers both CFDs and real cryptocurrencies.
How Secure is Bitprime Gold?
Bitprime Gold is a secure trading platform that has implemented several security measures to protect its users' assets.
How do CFDs and real cryptos differ?

CFDs allow traders to speculate on the price movements of an underlying asset without owning it. Real cryptocurrencies involve buying and selling actual cryptocurrencies.

What Trading Options are Available on Bitprime Gold?
Traders can choose to trade CFDs or real cryptocurrencies on Bitprime Gold.
What Fees are Charged by Bitprime Gold?
Bitprime Gold charges a spread fee and an overnight financing fee.
How does Bitprime Gold Compare with Other Trading Platforms?