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PrimeCapitec Review: The all-purpose Cryptocurrency Trading Platform

Wondering if you should use PrimeCapitec for your Bitcoin trading, investments, purchases or exchanges? Then read this review as updated for 2020

PrimeCapitec Broker Ranking
Account Types9.4
Trading Speed9.3
Customer Support8.9
Safety8.2
9
Conclusion
PrimeCapitec may not seem particularly different from other cryptocurrency platforms, however, it offers some interesting and unique products that are not found on all cryptocurrency platforms.

PrimeCapitec Review

PrimeCapitec PrimeCapitec is an easy-to-use Cryptocurrency trading platform where individuals can trade, invest, purchase and even exchange or forms of Cryptocurrency without the fear of horrible rates or even the chance of their data being stolen. The platform also offers 24-hour customer service everyday of the week and low commissions.

PrimeCapitec provides a generous trade margin of 1:5 which allows you maximize your profits, while providing you with 100% access to high liquidity orderbooks which contain information on the top currency pairs in the market. If you are a newbie to the world of cryptocurrency or would rather trust the opinions of professional analysts there are one-on-one consultation services hosted by professional crypto traders, and various trading signals and other important information provided by analysts on the platform.

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With PrimeCapitec, the world of cryptocurrency can be accessed and understood from the same spot, thus eliminating the phase of hopping around Google trying to make some sense of it. The platform has been optimized for both web and mobile interfaces and is easily accessible on all browsers and operating systems.

WHAT PRODUCTS DOES PRIMECAPITEC PROVIDE?

  1. Supports Various Cryptocurrencies:

Being a platform focused on cryptocurrency trading, PrimeCapitec supports a vast range of cryptocurrencies, hence allowing users trade with as many as they wish. Supported options include Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, Litecoin, Ripple XRP, and Digital Cash.

  1. Recovery Program:

Here, an in-depth analysis is carried out on your existing crypto portfolio with a mind to identifying the issues, strengths, weaknesses, and possible potential it contains. Then using this information, they would begin to incorporate vital changes. They take stock of your goals and your existing relationship then create a strategy to help you keep your finances – particularly with relation to Cryptocurrencies – in the best possible condition.

  1. Information Hub:

With the exception of the Explorer Package, all payment packages of PrimeCapitec allows users receive weekly Market Reviews and Financial Research information. This helps users stay up-to-date on all information pertaining to cryptocurrency. Also with PrimeCapitec, users get a chance to trade with StainWay Financials and have unlimited access to the Trading Academy which contains over 200 hours of videos, courses and eBooks containing in-depth information on various trading courses.

PRIMECAPITEC’s PAYMENT STRUCTURE(S)

Of course, a service such as this would not be free and there are 5 payment packages. Each would be broken down subsequently.

  1. The Explorer Package:

As the name suggests, it is the smallest package size and it is ideal for those who are just starting out in the cryptocurrency world and are still trying to learn the ropes and find their footing. This package costs between $250 – $2,000 and comes with 24/7 customer service alongside a Profession Chart.

  1. The Basic Package:

This package contains the very basic anyone who intends to make reasonable progress in the cryptocurrency world would need. Costing between $2,500 – $9,999, this package comes with a personal cryptocurrency analyst and a private introductory session with this analyst. One would also receive weekly Market Reviews and information on Financial Research.

  1. The Silver Package:

An elite package that costs between $10,000 – $24,999, it comes with a personal analyst that one would enjoy monthly private sessions with. There are also going to be weekly Market Reviews and new information obtained from Financial Research

  1. The Gold Package:

This package lives up to its name, containing a personal analyst, a detailed plan for smart money management and weekly information on financial research and market reviews. The package costs from $25,000 to 99,999 and would also contain private sessions with cryptocurrency analyst on a weekly basis.

  1. The Platinum Package:

This is the largest package and it gives you a no-holds-barred kind of feel with your cryptocurrency account, from enjoying a direct line to your account analyst, you also receive long-term financial plans and money management schemes as created by a senior account analyst. There would be weekly private sessions with Analysts and information from weekly market reviews and financial studies. With this package which costs between $100,000 – $499,999 you are 100% sure of about 5 Protected Trades From your Account Analyst.

With any of these packages, you can be assured that you would be getting the value of your money back with a vast majority of options that allow you enjoy and effectively control your trading strategies.

Furthermore, the platform does not charge any fees with regards to the trade of the execution, instead any transactions are executed in full at the city’s prices and the trading costs are spread overtime. This is by far an affordable option in comparison to the trade order book which is known to charge the costs on the spread, the trade execution, partial execution and low liquidity.

SAFETY, DISCLAIMERS & WARNINGS

The Financial Products offered by PrimeCapitec also include Contracts for Difference (CFDs) and other complex financial products. Trading with CFDs might attract high risk levels because leverage can either work to your advantage or your disadvantage, hence, CFDs may not be suitable for all investors because it is possible to lose all of your invested capital immediately. The site advises you not to invest money that you cannot afford to lose, hence before trading in the complex financial products offered it also attempts to teach you the risks involved.

In line with its safe practices and adherence to legal structures, it follows the international standard of having a customer pass a verification procedure if they want to deposit or withdraw fiat currencies. This helps prevent illegal activity, frauds and money laundering. PrimeCapitec follows the strict international KYC policy which allows them to verify the identity of customers, make sure they are real people aged 18 years or over and are making use of a card that belongs directly to them. They also work in unison with processors, who immediately inform them once any form of fraud or fraudulent activity is being witnessed. Furthermore, the KYC policy is to ensure 100% security is put in place to prevent any form of fraud.

The verification process for PrimeCapitec is a standardized compliance measure for anti-money laundering (AML), know your customer (KYC), and counter-terrorism financing (CTF) laws and regulations. To carry out the verification process, steps that must be followed include an online questionnaire and submitting important documents that support your answers. There is also a signed declaration that confirms the accuracy of the information provided and this in turn prompts and authorizes PrimeCapitec to complete the verification process.

It takes PrimeCapitec about 5+ days to complete verification, and this largely depends on the level of public interest. Upon successful verification, users are notified via email. However, while verification is vital for users who want to withdraw fiat currencies, it is not a necessity for trading, making deposits or even withdrawing cryptocurrencies.

PrimeCapitec

9

Overall Broker Rating

9.0/10

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Leah Hutton

Leah Hutton has recently joined Tokenhell team as a freelance writer. She has comprehensive knowledge of blockchain and various cryptocurrencies.
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