Is PrimeXBT a safe Crypro broker? How do they protect my funds? Table of Contents

Funds Protection by PrimeXBT

PrimeXBT provides the highest level of security to its users.

Extensive cyber-security framework is implemented in order to ensure that strict measures and practices are in place to protect customer assets against any eventualities and threats.

PrimeXBT frequently conducts periodical stress tests and security audits to ensure compliance with the strictest security standards.

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Trading infrastructure

PrimeXBT’s trading engine has been designed to meet the highest online-trading industry standards.

All systems have been uniquely coded to minimize latency and increase order execution speed.

Wallet Security

The majority of customer digital assets (Bitcoin) are held in PrimeXBT’s offline storage system (‘Cold Storage’).

Only a small portion of digital assets are held in PrimeXBT’s online wallet (‘Hot Wallet’).

PrimeXBT uses multi-signature access (‘Multisig’) to provide both security against attacks and tolerance for losing access to a key or facility, eliminating single points of failure.

All fund transfers from Cold Storage to Hot Wallets are handled manually and require the coordinated actions of multiple employees.

2FA

It’s one of the best ways to secure your account and the setup process is very easy, so PrimeXBT strongly recommends you to enable 2FA for your account immediately after you complete the registration process.

PrimeXBT’s 2FA system uses a TOTP solution which means it requires a Google Authenticator app.

It’s more secure and reliable than using SMS as 2FA solution.

Withdrawal address whitelisting

PrimeXBT offers customers additional account level protections such as crypto Address Whitelisting.

This feature adds an additional layer of protection by allowing customers to whitelist specific withdrawal addresses.

By doing so, withdrawals will be restricted to addresses only included in the whitelist.

In the unlikely event that your PrimeXBT account is compromised, an unauthorized user will not be able to withdraw digital assets to a different address.

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