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The Primebit Profit app is a crypto trading app that can automatically buy and sell crypto on your behalf. According to the site, the bot trades 24/7 with little user intervention in order to try to make a profit.

Unlike other crypto robots, Primebit Profit doesn’t charge any fees. But it also doesn’t provide any details about how accurate its trading algorithm is.

So, is Primebit Profit legit? Our Primebit Profit review will help you decide.

Primebit Profit at a Glance

We’ll start off our Primebit Profit review with a quick rundown of everything you need to know about this Bitcoin robot:

App Type Crypto robot
Supported Cryptocurrencies BTC, ETH, XRP, LTC, USDT
Trading Hours 24/7
Minimum Deposit $250
Withdrawal Time 24 hours
Mobile App No

Crypto assets are a highly volatile unregulated investment product. Your capital is at risk.

What is Primebit Profit?

Primebit Profit Logo Primebit Profit is a crypto robot. This crypto robot claims to automatically buys and sells cryptocurrencies on your behalf in order to try to make a profit from trading.

Primebit Profit’s platform is completely free to use and you can test it out using the built-in demo trading mode. You must make a $250 minimum deposit to get started, but this money can be withdrawn at any time if you’re not satisfied with Primebit Profit.

Primebit Profit Homepage

Pros & Cons of Primebit Profit

Pros

  • Automated 24/7 trading on your behalf
  • Includes a demo trading mode
  • Strong account security measures
  • Withdrawals in under 24 hours

Cons

  • Doesn’t offer a mobile app
  • Requires a $250 minimum deposit

Crypto assets are a highly volatile unregulated investment product. Your capital is at risk.

How Does Primebit Profit Work?

According to the site, Primebit Profit operates using a trading algorithm. This algorithm has been trained on several years’ worth of cryptocurrency price data, enabling it to recognize price patterns that typically precede a sharp rise or fall in the value of a token.

When the Primebit Profit robot detects such a price pattern, it will automatically initiate a trade using funds from your trading account. When the pattern completes or specific profit or loss targets for the trade are met, Primebit Profit will automatically exit the trade. All funds, including any profits, are returned to your trading account and can be used again for the next trade.

The Primebit Profit app works around the clock, 24/7. Since this automated crypto trading platform is based on an algorithm, trades can be executed at high frequency. However, please keep in mind that all trading involves risks.

Primebit Profit does not specify how successful or accurate its platform has been in the past. We were unable to determine a win rate as part of our Primebit Profit review. Even if you test out Primebit Profit in demo mode, keep in mind that all trading carries risk and market conditions can change without warning.

Primebit Profit Key Features

Our Primebit Profit review took a deep dive into some of the platform’s standout features.

High-frequency Crypto Trading

Primebit Profit claims to use high-frequency trading techniques to help you profit from the crypto market. The price changes that the platform’s algorithm detects may not be that large. But by trading quickly and frequently, Primebit Profit can make a large number of small, profitable trades. This is something that human traders often have difficulty doing, giving Primebit Profit an edge over other crypto apps.

Keep in mind that high-frequency trading carries risk. Primebit Profit does not provide information about how successful its algorithm has historically been.

5 Crypto Markets

The Primebit Profit app is capable of trading 5 different cryptocurrencies: Bitcoin, Ethereum, Litecoin, Ripple, and Tether. All 5 of these coins typically see high trading volume and high volatility, which make for a large number of potential trading opportunities.

Tether is also a stablecoin. So, it often has different price dynamics and trade opportunities from the other coins that Primebit Profit trades.

Demo Trading

Primebit Profit offers a demo trading mode so you can test out the platform without risking real money. You can easily toggle between demo and live trading at any time when using the Primebit Profit platform.

Demo trading allows you to run a Primebit Profit test safely to determine whether this automated trading app is right for you. It also gives you a chance to modify some of the algorithm’s parameters, such as your desired risk level and profit target for each trade.

No Experience Required

According to Primebit Profit, traders do not need any advanced experience to start using this platform. The website claims that anyone can learn how to use Primebit Profit in just a few minutes. This means that this crypto robot may be more accessible to beginners than many comparable crypto day trading apps.

Account Security

Primebit Profit claims that it uses advanced security measures, including SSL encryption, to keep your account safe. This is important since you are trusting Primebit Profit with your money. Primebit Profit’s digital security measures also protect your personal and financial information from potential attackers.

Crypto assets are a highly volatile unregulated investment product. Your capital is at risk.

Fees for Using Primebit Profit

Primebit Profit is completely free to use. The platform does not charge account fees or trading fees, and there are no commissions on your profits. In addition, the Primebit Profit app does not charge deposit or withdrawal fees.

Account Fees None
Trading Fees & Commissions None
Deposit & Withdrawal Fees None

Is Primebit Profit a Scam?

We wanted to answer the question, ‘Is Primebit Profit a scam?’ Our Primebit Profit review found that this crypto robot claims to trade 5 different cryptocurrencies automatically on your behalf. While Primebit Profit doesn’t offer information about its past performance, you can safely test out the algorithm using the built-in demo trading mode. Keep in mind that all trading carries risk once you switch to live trading.

We were not able to locate Primebit Profit reviews from past users. However, we found that Primebit Profit is completely fee-free. The platform requires a $250 minimum deposit to get started, but you can withdraw this money at any time and most payouts are processed in under 24 hours.

Minimum Deposit at Primebit Profit

The Primebit Profit robot requires a $250 minimum deposit to open a new trading account. You can make a deposit by credit card, debit card, bank transfer, or e-wallet, all without deposit fees. If you decide that Primebit Profit isn’t right for you, you can withdraw this deposit at any time.

Crypto assets are a highly volatile unregulated investment product. Your capital is at risk.

Customer Support at Primebit Profit

Primebit Profit offers customer support by email only. We were not able to determine a phone number or email address for the company, so you must use the contact form on Primebit Profit’s website.

How to Start Using Primebit Profit

Ready to start using Primebit Profit? We’ll show you how to sign up and start trading in just a few steps.

Step 1: Sign Up

Head to Primebit Profit’s website and find the registration form at the top of the page. Enter your name, email address, and phone number, then click Start Trading to register. Open a Primebit Profit Account

Step 2: Deposit Funds

To finish creating your Primebit Profit account, you must make a minimum deposit of $250. You can pay by credit card, debit card, bank transfer, or e-wallet.

Step 3: Demo Trading

Now you should have access to the Primebit Profit dashboard. Your account will automatically start out in demo trading mode to give you a chance to explore the platform and modify the algorithm’s parameters. This is a chance to safely run a Primebit Profit test before you risk money on live trades.

Step 4: Live Trading

Once you’re satisfied with Primebit Profit, you can toggle the switch from demo to live trading. Then just sit back and watch as Primebit Profit goes to work trading cryptocurrency on your behalf.

Crypto assets are a highly volatile unregulated investment product. Your capital is at risk.

Primebit Profit: The Verdict

Primebit Profit is a Bitcoin robot that’s capable of trading 5 popular cryptocurrencies on your behalf. The platform uses an algorithm to place high-frequency trades on a 24/7 basis. Primebit Profit doesn’t charge any fees, so all profits that the platform makes on your behalf are reinvested in your trading account.

Primebit Profit doesn’t provide details about how successful its algorithm is under different market conditions, and we were not able to determine this information as part of our review. However, you can test out Primebit Profit safely using the built-in demo trading mode. Keep in mind that all live trading carries risk. Past performance is not a guarantee of future results.

Ready to give Primebit Profit a try? Sign up today to get started!

Crypto assets are a highly volatile unregulated investment product. Your capital is at risk.

FAQs

What is Primebit Profit?

Primebit Profit is a crypto trading robot that automatically buys and sells cryptocurrencies on your behalf. The goal of the platform is to make a profit without you having to do any research or manual trading.

Is Primebit Profit legit?

Primebit Profit is a free crypto trading platform that anyone can use, even if you don’t have much trading experience. The platform offers a demo trading mode so you can test it out before committing money to real trades.

How do I join Primebit Profit?

Head to Primebit Profit’s website to register a new trading account. You must make a minimum deposit of $250 to open a new account.

Dassos Troullides
Dassos Troullides

Dassos Troullides is the editor for StockApps. who specializes in CFD, stock, and crypto trading. In particular, Dassos is skilled at breaking down complex financial topics to help investors make better trading decisions. Dassos has also written for TradingPlatforms.com, LearnBonds.com, InsideBitcoins.com, EconomyWatch.com and BuyShares.co.uk