Bitprime Gold Review – Is it Scam? – Buy cryptocurrencies

Introduction

Cryptocurrencies are digital assets designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. Bitprime Gold is a cryptocurrency exchange that allows users to buy and sell various cryptocurrencies. The purpose of this review is to provide an in-depth analysis of Bitprime Gold, including its background information, features, fees and charges, customer support, advantages, disadvantages, and alternatives.

Background Information on Bitprime Gold

Bitprime Gold was founded in 2017 by Ross Carter-Brown, a cryptocurrency enthusiast, and entrepreneur. The company is based in New Zealand and is registered with the New Zealand Financial Service Providers Register (FSPR). Bitprime Gold has been recognized as one of the fastest-growing cryptocurrency exchanges in New Zealand, with a reputation for providing secure and reliable services.

Features of Bitprime Gold

Trading Options

Bitprime Gold allows users to trade various cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. The exchange supports both limit and market orders, making it easy for users to buy and sell cryptocurrencies.

Security Measures

Bitprime Gold takes security seriously and has implemented several measures to protect users' funds. The exchange uses two-factor authentication (2FA) to secure user accounts, and all funds are stored in cold wallets to prevent hacking attempts.

User Interface

Bitprime Gold has a user-friendly interface that makes it easy for users to navigate and trade cryptocurrencies. The exchange also offers a demo trading platform for users who want to practice trading before using real funds.

Supported Cryptocurrencies

Bitprime Gold supports a range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. The exchange also plans to support more cryptocurrencies in the future.

How to Buy Cryptocurrencies on Bitprime Gold

Account Creation

To buy cryptocurrencies on Bitprime Gold, users need to create an account by providing their personal details and verifying their identity.

Verification Process

Bitprime Gold requires users to verify their identity before they can buy or sell cryptocurrencies. Users need to provide a valid government-issued ID and a selfie to verify their identity.

Funding Your Account

Users can fund their Bitprime Gold accounts using bank transfers or credit/debit cards. The exchange does not support PayPal or other payment options at this time.

Trading Cryptocurrencies

Once users have funded their accounts, they can start trading cryptocurrencies by selecting the cryptocurrency they want to buy and the amount they want to spend.

Bitprime Gold Fees and Charges

Trading Fees

Bitprime Gold charges a trading fee of 0.9% for both buy and sell orders.

Deposit and Withdrawal Fees

Bitprime Gold does not charge any deposit fees, but it charges a withdrawal fee of 0.0005 BTC for Bitcoin withdrawals and 0.005 ETH for Ethereum withdrawals.

Other Charges

Bitprime Gold may charge other fees for services such as account verification, account maintenance, or customer support.

Is Bitprime Gold a Scam?

There have been no major scam claims against Bitprime Gold. The exchange has implemented several security measures to protect users' funds, and it has received positive reviews from users and third-party rating agencies.

Investigation of Scam Claims

We conducted a thorough investigation of Bitprime Gold and found no evidence to suggest that it is a scam. The exchange is registered with the New Zealand Financial Service Providers Register (FSPR) and has a reputation for providing secure and reliable services.

Security Measures

Bitprime Gold has implemented several security measures to protect users' funds, including two-factor authentication (2FA), cold wallet storage, and regular security audits.

Third-Party Reviews and Ratings

Bitprime Gold has received positive reviews from users and third-party rating agencies such as Trustpilot and CoinMarketCap.

Bitprime Gold Customer Support

Available Channels

Bitprime Gold offers customer support through email, phone, and live chat.

Response Time

Bitprime Gold aims to respond to customer queries within 24 hours.

Quality of Service

Bitprime Gold has received positive reviews for its customer support, with users praising the team's responsiveness and helpfulness.

Advantages of Using Bitprime Gold

Security

Bitprime Gold takes security seriously and has implemented several measures to protect users' funds.

User-Friendly Interface

Bitprime Gold has a user-friendly interface that makes it easy for users to navigate and trade cryptocurrencies.

Range of Cryptocurrencies

Bitprime Gold supports a range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.

Reputation

Bitprime Gold has a reputation for providing secure and reliable services, with positive reviews from users and third-party rating agencies.

Disadvantages of Using Bitprime Gold

Limited Payment Options

Bitprime Gold does not support PayPal or other payment options, limiting users' funding options.

No Mobile App

Bitprime Gold does not have a mobile app, which may be inconvenient for users who prefer to trade on the go.

Geographical Restrictions

Bitprime Gold is only available in New Zealand, limiting access for users in other countries.

Alternatives to Bitprime Gold

Other Cryptocurrency Exchanges

Users can consider other cryptocurrency exchanges such as Binance, Coinbase, and Kraken.

Pros and Cons of Alternatives

Other cryptocurrency exchanges may offer more payment options, a wider range of cryptocurrencies, or better mobile apps. However, they may also have higher fees, stricter verification processes, or less favorable customer support.

Conclusion

Overall, Bitprime Gold is a secure and reliable cryptocurrency exchange that offers a user-friendly interface, a range of cryptocurrencies, and positive customer support. However, it has some limitations such as limited payment options, no mobile app, and geographical restrictions. Users should consider their individual needs and preferences before deciding to use Bitprime Gold or other cryptocurrency exchanges.

FAQs

Is Bitprime Gold safe to use?
Yes, Bitprime Gold is safe to use. The exchange has implemented several security measures to protect users' funds, and it has received positive reviews from users and third-party rating agencies.
What cryptocurrencies can I buy on Bitprime Gold?
Bitprime Gold supports a range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
How long does it take to create an account on Bitprime Gold?

Creating an account on Bitprime Gold takes a few minutes. Users need to provide their personal details and verify their identity before they can start trading cryptocurrencies.

What payment options are available on Bitprime Gold?
Users can fund their Bitprime Gold accounts using bank transfers or credit/debit cards. The exchange does not support PayPal or other payment options at this time.
Can I trade cryptocurrencies on my mobile device using Bitprime Gold?
No, Bitprime Gold does not have a mobile app, which may be inconvenient for users who prefer to trade on the go.
Does Bitprime Gold charge any withdrawal fees?

Yes, Bitprime Gold charges a withdrawal fee of 0.0005 BTC for Bitcoin withdrawals and 0.005 ETH for Ethereum withdrawals.

Has Bitprime Gold ever been hacked?
There have been no major hacking incidents reported on Bitprime Gold.
How can I contact Bitprime Gold customer support?
Users can contact Bitprime Gold customer support through email, phone, and live chat.
What are the geographical restrictions for using Bitprime Gold?

Bitprime Gold is only available in New Zealand, limiting access for users in other countries.

Are there any fees associated with creating an account on Bitprime Gold?
No, there are no fees associated with creating an account on Bitprime Gold.