Prime XBT is a Bitcoin-based platform, offering a leveraged trading on several digital assets including Bitcoin, Ethereum, Litecoin, and Ripple. The company was founded in 2018 and from the very first day, we have grown exponentially and currently serve clients in more than 150 countries. We provide our clients with access to top-tier liquidity and wide range of trading tools, while maintaining security, liquidity, enabling a safe and efficient trading environment for everyone.
PrimeXBT offers a robust trading system for both beginners and professional traders that demand highly reliable market data and performance. Entire infrastructure is designed to facilitate high number of orders per second and extreme loads, while offering ultra-fast order execution and low latency. Our traders of all experience levels can easily design and customize layouts and widgets to best fit their trading style. We are proud to offer such innovative products and professional trading conditions to all our customers.
Everything we do, from our continuous investment in R&D to the ongoing expansion of our product offering to our clients, is a demonstration of how dynamic Prime XBT really is. It is always our aim to serve the best interests of our clients and continue providing the best in class digital asset trading experience in the industry.
The PrimeXBT team is committed to providing 24/7 customer service. For all questions, security issues, product related inquiries and business proposals please reach us at [email protected]
We're looking for experienced traders, engineers and marketing talents. Send an email with a subject ‘Job application’ to [email protected] with your CV if you're interested in joining PrimeXBT team.
PrimeXBT enables you to benefit from cryptocurrency markets that are rising, as well as those that are falling.
If you wish to buy a Bitcoin, for instance, then your account will grow in value as Bitcoin’s price increases. If Bitcoin price decreases, then your account loses value accordingly. Apart from a standard trade (purchase), PrimeXBT platform allows you to open a position that will increase in value as the cryptocurrency decreases in price. This is referred to as selling or going short, as opposed to buying or going long.
Say Ethereum market price is $314.7. You think that the Ethereum price will go up, so you buy 200 of ETH’s at $314.7. This is equal to the position value of $62,940.
Because PrimeXBT offers leveraged trading, you don’t need to put up the full value of this trade. Instead, you only need to cover the margin, which equals to 1% of a total position size, or $629.40.
If your prediction is correct and ETH price climbs, you may decide to fix a profit. Ethereum price is $354.2 and you close your position.
To calculate your profit, you need to multiply the difference between the closing price and the opening price of your position by its size.
354.2-314.7=39.5, which you multiply by 200 and get a profit of $790 because you had a “long” position.
The Bitcoin is trading around $7,400. You anticipate the upcoming negative news about cryptocurrency market, which will negatively impact the price of BTC, so you decide to sell ten Bitcoins at $7,400 for a total short position of $74,000 in value.
Bitcoin has a margin requirement of 1% (1:100 leverage) so you need to deposit $74,000x1%=$740 as margin collateral.
The announcement is a disappointing one, and the Bitcoin drops to $7,354. You’re ready to secure your profit, so you buy back 10 BTC at $7,354
Because this is a short position, you deduct the closing price ($7,354) from the opening price ($7,400) of your position to calculate profit, before multiplying by its size of 10.
7,400-7,354=46, which you multiply by 10 and get a profit of $460 because you had a “short” position.
To calculate the profit or loss earned from a long/short trade, you multiply the size of your position by the difference in points between the price when you opened it and when you closed it. With both long and short trades, profits and losses will be realised once the position is closed.
You can also use to get exposure to a much larger position than with a standard trade (for both long and short), if you are confident about the direction of the market.
Prime XBT Trading Services Ltd. (hereinafter referred to as “Prime XBT” or “Company”) a company incorporated in the Republic of Seychelles with a company number of 148707.
By using this Prime XBT Trading Services Ltd. website via address https://primexbt.com (hereinafter referred to as “Website”), you are agreeing to these terms. Please read them carefully.
Use of this Website and the services offered on the Website (hereinafter referred to as “Service”) are governed by the terms contained on this Terms and Conditions page. This agreement constitutes the agreement between you (hereinafter referred to as “You” or the “Member”) and Prime XBT Trading Services Ltd.. All other information provided on the Website, as well as oral/written statements made, are excluded from this agreement; the exchange policy is provided for guidance only and does not constitute a legal agreement between the parties.
By accessing, viewing or downloading information from the Website and using the Service provided by Prime XBT Trading Services Ltd. you acknowledge that you have read, understand, and unconditionally agree to be bound by the Terms of this agreement. Prime XBT Trading Services Ltd. may at any time, without notice, amend the Terms of this agreement. You agree to continue to be bound by any amended terms and conditions and that Prime XBT Trading Services Ltd. has no obligation to notify you of such amendments. You acknowledge that it is your responsibility to periodically check these Terms for changes and that continued use of the Website and Services offered by Prime XBT Trading Services Ltd. following the posting of any changes to the Terms indicates your acceptance of any such changes.
In this Agreement unless the opposite is clear from the context the following rules of interpretation apply:
Agreement - Terms and Conditions and any other rules, policies or procedures that may be issued by published from time to time on the Website (including the Accompanying Documents).
Applicable Law - Law applicable under this Agreement to any and all relations between the Member and Prime XBT Trading Services Ltd.
Prime XBT Trading Services Ltd. - Prime XBT Trading Services Ltd. a company incorporated under the International Business Companies Act of 1994 of the Republic of Seychelles with a company number of 206865 at. Is a digital cryptocurrency trading platform that is wholly owned and operated by Prime XBT Trading Services Ltd..
Data - any data input by you or with your authority into the Website.
Intellectual Property Rights - Any invention, patent, utility model right, copyright and related right, registered design, unregistered design right, trade mark, trade name, internet domain name, design right, design, service mark, database rights, topography rights, rights in get-up and trade dress, rights in goodwill or to sue for passing off and any other rights of a similar nature or other industrial or intellectual property rights owned or used by Prime XBT Trading Services Ltd. in any part of the world whether or not any of the same is registered (or capable of registration), including applications and the right to apply for and be granted, extensions or renewals of and rights to claim priority from, such rights and all equivalent or similar rights or protections which subsist now or will subsist in the future.
Member - A member to this Agreement which is any person, who uses the Website via account on the Website. The Prime XBT Trading Services Ltd. reserves its right to set forth at any time and upon its own discretion special eligibility conditions or other requirements to certain persons as a members
Service - Means all services made available (as may be changed or updated from time to time by Prime XBT Trading Services Ltd.) via the Website.
Website - A group of interrelated websites owned and operated by Prime XBT Trading Services Ltd., available in the Internet via address https://primexbt.com.
Certain statements in this Agreement and informational documents of the Company constitute “forward-looking information” under applicable laws. Except for statements of historical fact, information contained herein may constitute forward-looking statements. When used in this Agreement, the words “may,” “will,” “should,” “project,” “anticipate,” “believe,” “estimate”, “intend,” “expect,” “continue,” and similar expressions or the negatives thereof are generally intended to identify forward-looking statements. Forward looking statements are not guarantees of future performance, and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance on Company’s obligations, market projections and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward looking statements. Although forward-looking statements contained herein are based upon what management believes may be reasonable assumptions, forward-looking statements may prove to be inaccurate, as actual results and future events could differ materially from those anticipated in such statements. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in its expectation with regard thereto or any change in events, conditions, or circumstances on which any such statement is based.
This Agreement is intended to fully reflect the terms and conditions of the original agreement between the parties. No provision of this Agreement shall be considered waived unless such waiver is accepted by the party that benefits from the enforcement of such provision by action of a click in a specific check box with the text “I agree” on the Website or Platform, which shall be published on the Website or Platform in such case. No waiver of any provision in this Agreement, however, will be deemed a waiver of a subsequent breach of such provision or a waiver of a similar provision. In addition, a waiver of any breach or a failure to enforce any term or condition of this Agreement will not in any way affect, limit, or waive a Party’s rights hereunder at any time to enforce strict compliance thereafter with every term and condition hereof.
By registering as a Member each Member covenants, represents, and warrants that (under the Applicable Law and law of the country of Member’s residence):
When accessing and using the Service, You must:
Any notice or other communication under this Agreement shall be in writing and shall be considered given and received when sent by email. The Member’s official email for communication shall be deemed the email specified by the Member during the registrtion on the web-site. The language of the communication shall be English.
Except as otherwise provided in this Agreement, this Agreement and the rights and obligations of the parties hereunder will be binding upon and inure to the benefit of their respective successors, assigns, heirs, executors, administrators and legal representatives. Company may assign any of its rights and obligations under this Agreement. No other party to this Agreement may assign, whether voluntarily or by operation of law, any of its rights and obligations under this Agreement, except with the prior written consent of the Company.
The proper handling of personal data is extremely important to us. We therefore take your privacy seriously when processing and protecting your personal data. This is done in accordance with provisions set out in the applicable privacy laws (including the General Data Protection Regulation). We want you (hereinafter: «user») to understand how and why Prime XBT Trading Services Ltd. (hereinafter referred to as «Prime XBT» «we» «our» or «us» or «Company») a company incorporated in the Republic of Seychelles with a company number of 206865 collects, processes, uses, and shares your personal information (hereinafter: «Personal Information», «PI», «PD») when you use our website https://primexbt.com, software, applications and other online products and services (collectively, the «Services») or when you otherwise interact with us or receive a communication from us. By visiting https://primexbt.comyou are accepting and consenting to the practices described in this policy.
We take great care to limit the Personal Information we collect and use only for the purposes, which are necessary for providing our Services.
Prime XBT Trading Services Ltd collects and processes personal information that is necessary for legitimate business purposes, which will be disclosed to any person whose personal data is being collected, held or processed (hereinafter: «data subject») at the time of collection. Prime XBT Trading Services Ltd will use and process this information only for the purposes for which it was collected, retaining the personal information only for so long as it is required for specific purpose of collecting the information.
Prime XBT Trading Services Ltd will not collect sensitive personal data except when permitted or required to do so by law, and will do so only for legitimate business purposes. If in any other instance a need arises to collect sensitive personal data, Prime XBT Trading Services Ltd will do so only with the data subject’s express consent, which can be withdrawn at any time.
We retain your Personal Data for as long as it is required to satisfy the purpose for which they were collected and used, unless a longer period is necessary for our legal obligations or to defend a legal.
Personal data, or personal information, means any information about an individual from which that person can be identified. It does not include data where the identity has been removed (anonymous data).
We may deliver, personalize, and improve our Services by combining and using the information we have about you (including information we receive on and off our Services) to understand how you use and interact with our Services and the people or things you’re connected to and interested in. We also may use the information we have about you for the following purposes:
We collect general anonymous analytical information on the use of the services for their optimization.
We provide you with controls to manage your experience with us. You can change the privacy settings in your account at any time.
We may collect, use, store and transfer different kinds of personal data about you which we have grouped together as follows:
Information you give us. We receive and store any information you enter on our website or give us in any other way. You provide most such information when you search some information on our website, subscribe to our newsletters, fill out a form for any media, events or partnership inquiries, communicate with our support service. For example, you provide information when you communicate with us by post, e-mail, or otherwise. As a result of those actions, you might supply us with such information as your name, address, e-mail, phone numbers, etc.
Automatic information. We receive and store certain types of information whenever you interact with us. For example, like many websites, we use «cookies», and we obtain certain types of information when your web browser accesses our website.
Information from other sources. We might receive information about you from other sources and add it to our account information.
We also collect, use and share aggregated data such as statistical or demographic data for any purpose. However, aggregated data is not considered personal data as this data does not directly or indirectly reveal your identity. For example, we may aggregate your usage data to calculate the percentage of users accessing a specific website feature.
We do not collect any special categories of personal data about you (this includes details about your race or ethnicity, religious or philosophical beliefs, sex life, sexual orientation, political opinions, trade union membership, information about your health and genetic and biometric data). Nor do we collect any information about criminal convictions and offences.
Personal Information we collect and use
User information. The information that we collect includes unique identifiers, browser type and settings, device type and settings, operating system, mobile network information including operator name and phone number and application version number. We also collect information about the interaction of your browsers and devices with our services, including OS, IP address, specifications and the date, time and referrer URL of your request.
Account information. To create an account, you must provide a username, e-mail and password. You can also choose to add a payment or other information to your account.
Actions you take. We collect information about the actions you take when using the Services. This includes your interactions with content, public, posting comments, interests in the projects. It also includes your interactions with other users or projects.
Other information. You may choose to provide other information directly to us. For example, we may collect information when you request customer support or otherwise communicate with us. You may provide us with the information about your e-mail to receive mailings and to confirm transactions.
When you access or use our Services, we may also automatically collect information about you
Technical data. We may log information when you access and use the Services. This may include your IP address, browser type, operating system, device information (e.g., device IDs), hardware settings.
Logs of our services, including messages about their work problems, may contain the driver versions, software installation paths, and the computer's operating time.
Information collected from cookies. When you use our website, we may send one or more cookies to collect data analytics. When you use third-party affiliate, links registered in our services, cookies will be stored on your device within 14 days from the moment of using such link, for the purposes of successful registration.
Location information. We may receive and process information about your location.
We may receive personal data about you from various third parties and public sources as set out below. Technical Data from the following parties:
Cookies are typically stored on your computer's hard drive. Information collected from cookies is used by us to evaluate the effectiveness of our Site, analyze trends, and administer the Platform. The information collected from cookies allows us to determine such things as which parts of our Site are most visited and difficulties our visitors may experience in accessing our Site. With this knowledge, we can improve the quality of your experience on the Platform by resolving access difficulties and recognizing and delivering more of the most desired features and information.
We use third party service provider(s), to assist us in better understanding the use of our Site. Our service provider(s) will place cookies on the hard drive of your computer and will receive information we select, that will educate us on such things as how visitors navigate around our site, what products are browsed, and general Transaction information. Our service provider(s) analyses this information and provides us with aggregate reports. The information and analysis provided by our service provider(s) will be used to assist us in better understanding our visitors' interests in our Site and how to better serve those interests.
The information collected by our service provider(s) may be linked to and combined with information that we collect about you while you are using the Platform. Our service provider(s) is/are contractually restricted from using information they receive from our Site other than to assist us.
We use information held about you in the following ways:
Information you give to us. We will use this information:
Information we collect about you. We will use this information:
Information we receive from other sources. We will combine this information with information you give to us and information we collect about you. We will use this information and the combined information for the purposes set out above (depending on the types of information we receive).
We will use and process your Personal Information only for the purpose(s) for which it has been provided to us.
Disclosure of your information
You agree that we have the right to share your personal information with:
With our partners. We may share information with vendors, consultants, and other service providers (but not with advertisers and ad partners) who need access to such information to carry out work for us. The partner’s use of personal data will be subject to appropriate confidentiality and security measures.
For example: to make payments, confirm phone numbers and improve the functioning of the services.
To comply with the law. We may share information in response to a request for information if we believe disclosure is in accordance with, or required by, any applicable law, regulation, legal process or governmental request, including, but not limited to, meeting national security or law enforcement requirements. To the extent the law allows it, we will attempt to provide you with prior notice before disclosing your information in response to such a request.
In an emergency. We may share information if we believe it's necessary to prevent imminent and serious bodily harm to a person.
To enforce our policies and rights. We may share information if we believe your actions are inconsistent with our user agreements, rules, or other Prime XBT Trading Services Ltd policies, or to protect the rights, property, and safety of ourselves and others.
With our affiliates. We may share information between and among Prime XBT Trading Services Ltd and any of our parents, affiliates, subsidiaries, and other companies under common control and ownership.
With your consent. We may share information about you with your consent or at your direction.
We may partner with third-party advertisers, ad networks to deliver advertising and content targeted to your interests and to better understand your use of the Services. These third parties may collect information sent by your computer, browser, or mobile device in response to a request for content, such as unique identifiers, your IP address, location or other information about your computer or device.
If you submit personally identifiable information to us through the Prime XBT Trading Services Ltd Services, then we may use your personal information to operate, maintain, and provide features and functionality of our website, app and another services.
Other information, that does not personally identify you as an individual is collected by Prime XBT Trading Services Ltd (such as, by way of example, patterns of use) and is exclusively owned by Prime XBT Trading Services Ltd. Prime XBT Trading Services Ltd can use this information in such manner that Prime XBT Trading Services Ltd, in its sole discretion, deems appropriate.
We may share specific aggregated, non-personal information with third parties, such as the number of users who have registered with us, the volume and pattern of traffic to and within the website, etc. That information will not identify you, the individual, in any way.
We shall not use your email or other contact information for sending of commercial proposal, other marketing needs, without your prior consent.
As were mentioned above, when you send us messages, we can keep them for administering of your inquiries, for improving of our services. We shall not transfer information from such messages to third parties.
All personal information you provide to us is stored on our secure servers. Any payment transactions will be encrypted. Where we have given you (or where you have chosen) a password which enables you to access certain parts of our site, you are responsible for keeping this password confidential. We ask you not to share a password with anyone.
Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our site; any transmission is at your own risk. Once we have received your information, we will use strict procedures and security features to try to prevent unauthorised access.
You can access and change certain information through the Services.
You may delete your account information at any time from the preferences page. But we may retain certain information about you as required by law or for legitimate business purposes after you delete your account.
If you initially consent to our collection of location information, you can subsequently stop the collection of this information at any time by changing the preferences on your browser.
You have the right to receive information regarding purposes of Personal information collection, regarding third parties, to which we disclose your personal information, information, regarding safeguards that are applicable for secure storage of your Personal information, period of time for which Personal information will be stored.
You also have the right to demand erasure of personal data concerning you sending us a request. Prime XBT Trading Services Ltd shall fulfil your request in appropriate period of time. If there is no other lawful ground for storing and processing of your PI, as prescribed by applicable law, Prime XBT Trading Services Ltd shall erase such information. If there is another legal ground for such processing, Prime XBT Trading Services Ltd shall notify you in appropriate period of time.
You also have the right to demand restriction of the storing and processing of the PI, if legal grounds for such demands have arisen / as prescribed in applicable law.
You have the right to object processing of personal data concerning yourself under circumstances, that are prescribed in applicable law. In case of such objection, Prime XBT Trading Services Ltd shall restrain from processing of your PI, if there will be no other legal grounds for continuing of processing.
Prime XBT Trading Services Ltd takes your rights very seriously. However, if you are of the opinion that we have not dealt with your complaints adequately, you have the right to submit a complaint to the data privacy protection authorities responsible.
You have the right to ask Prime XBT Trading Services Ltd to provide you with a structured, list of previously provided PI. You also can ask Prime XBT Trading Services Ltd to transmit your PI to previously chosen third party.
To send a request for delete, rectification and submission of PD please use the feedback form.
We provide the following safety measures regarding protection of Your PI:
We use, store and process your PI on Prime XBT Trading Services Ltd servers in various jurisdictions, where our facilities and/or service providers are located. By filling a «consent application» You agree to this transfer, storing, or processing. Prime XBT Trading Services Ltd will take all steps reasonably necessary to ensure that your Personal Data is treated securely and in accordance with this Policy. Prime XBT Trading Services Ltd protect your Personal Data under internationally acknowledged standards, using physical, technical, and administrative security measures to reduce the risks of loss, misuse, unauthorized access, disclosure, and alteration. Some of the safeguards Prime XBT Trading Services Ltd use are firewalls and data encryption, physical access controls to our data centers, and information access authorization controls. Prime XBT Trading Services Ltd also authorize access to Personal Data only for those employees or contractors who require it to fulfil their job or service responsibilities. All of our physical, electronic, and procedural safeguards are designed to comply with applicable laws and regulations. Third parties may be located in other countries where the laws on processing of Personal Data may be less stringent than in your country. From time to time, the Personal Data may be also stored in other locations, and in such cases, Prime XBT Trading Services Ltd will ensure that the Personal Data will be stored and processed with the reasonable level of care and security.
In the case of a Personal Data breach, Prime XBT Trading Services Ltd shall without undue delay and, where feasible, not later than 72 hours after having become aware of it, notify the personal information breach to the supervisory competition authority, unless the personal information breach is unlikely to result in a risk to the rights and freedoms of natural persons.
If Prime XBT Trading Services Ltd becomes aware of security systems breach, then we may attempt to notify you electronically so that you can take appropriate protective steps. Prime XBT Trading Services Ltd may post a notice on our website if the security breach occurs.
When the personal data breach is likely to result in a high risk to the rights and freedoms of users, Prime XBT Trading Services Ltd will inform you.
For the purpose of the Data Protection Act 2004, the data controller is Prime XBT Trading Services Ltd of Suite 1, Second floor, Sound & Vision house, Francis Rachel Str., Victoria, Mahe, Seychelles
TRADING AND FINANCING TRADES IN CRYPTOCURRENCY ENTAILS CERTAIN RISKS. THIS RISK DISCLOSURE STATEMENT CANNOT AND DOES NOT DISCLOSE ALL RISKS AND OTHER ASPECTS INVOLVED IN HOLDING, TRADING, OR ENGAGING IN FINANCING OR FINANCED TRANSACTIONS IN CRYPTOCURRENCY. BEFORE TAKING A LEVERAGED POSITION, YOU SHOULD ENSURE THAT YOU UNDERSTAND THE RISKS INVOLVED AND CONSIDER YOUR LEVEL OF EXPERIENCE AND ALL THE POTENTIAL RISKS. YOU SHOULD CAREFULLY CONSIDER PRIME XBT TRADING SERVICES LTD. TERMS AND CONDITIONS AND, TO THE EXTENT NECESSARY, CONSULT AN APPROPRIATE LAWYER, ACCOUNTANT, OR TAX PROFESSIONAL. RISKS INCLUDE, BUT ARE NOT LIMITED TO, THE FOLLOWING
The market for cryptocurrency is still new and uncertain. No-one should have funds invested in cryptocurrency or speculate in cryptocurrency that she is not prepared to lose entirely. Whether the market for one or more cryptocurrency will move up or down, or whether a particular cryptocurrency will lose all or substantially all of its value, is unknown. This applies both to traders that are going long and to traders that are shorting the market. Participants should be cautious about holding cryptocurrency.
Markets for cryptocurrency have varying degrees of liquidity. Some are quite liquid while others may be thinner. Thin markets can amplify volatility. There is never a guarantee that there will be an active market for one to sell, buy, or trade cryptocurrency or products derived from or ancillary to them. Furthermore, any market for cryptocurrency may abruptly appear and vanish. Prime XBT Trading Services Ltd. makes no representations or warranties about whether a cryptocurrency that may be traded on the https://primexbt.com any point in the future, if at all. Any cryptocurrency is subject to delisting without notice or consent.
The legal status of certain cryptocurrency may be uncertain. This can mean that the legality of holding or trading them is not always clear. Whether and how one or more cryptocurrency constitute property, or assets, or rights of any kind may also seem unclear. Participants are responsible for knowing and understanding how cryptocurrency will be addressed, regulated, and taxed under applicable law. There is a risk that in some jurisdictions cryptocurrency might be considered to be a security, or that it might be considered to be a security in the future. Prime XBT Trading Services Ltd. does not give warranties or guarantees that any cryptocurrency are not a security in all jurisdictions. Your is bound to check if acquisition and disposal of cryptocurrency is legal in his jurisdiction, You undertakes not to use cryptocurrency should their use not be legal in the relevant jurisdiction. If You establish that the use of cryptocurrency is not legal in Your jurisdiction, You should not use cryptocurrencies, not acquire them and should immediately stop using or possessing them if such case arises.
Having cryptocurrency on deposit or with any third party in a custodial relationship has attendant risks. These risks include security breaches, risk of contractual breach, and risk of loss. Participants should be wary of allowing third parties to hold their property for any reason.
You acknowledge that Prime XBT Trading Services Ltd. is not responsible for any losses or damages of any kind arising either directly or indirectly from a withdrawal of funds from your account by a third party due to the loss of credentials
You acknowledge that Prime XBT Trading Services Ltd. is not responsible for any losses or damages of any kind arising either directly or indirectly from the sending of cryptocurrency to the wrong wallet address during the withdrawal of funds from their Prime XBT Trading Services Ltd. account
You acknowledge that any cryptocurrency may be lost if sent to the wrong address (for example but without limitation, if the address is improperly formatted, contains errors, or is intended to be used for a different type of cryptocurrency). You accept that Prime XBT Trading Services Ltd. is not responsible for any losses or damages whatsoever arising directly or indirectly due to any such error.
In addition to liquidity risks, values in any digital token marketplace are volatile and can shift quickly. Participants in any cryptocurrency market are warned that they should pay close attention to their position and holdings, and how they may be impacted by sudden and adverse shifts in trading and other market activities.
When you finance a purchase or sale of cryptocurrency on a peer-to-peer basis, you run the risk of losing your provided financing. Similarly, when you accept financing to enter a trading agreement, you accept the risk of not being able to repay that financing (e.g., if the market price of the cryptocurrency you purchased with the financing falls). Participants should know all of the terms of any contracts they enter and how their trading strategies and other market and risk factors can affect their financing obligations.
You acknowledge that any cryptocurrency may be cancelled, lost or double spent, or otherwise lose all or most of their value, due to forks, rollbacks, Attacks, changes to cryptocurrency Properties or failure of the cryptocurrency to operate as intended. You accept that Prime XBT Trading Services Ltd. is not responsible for any losses or damages whatsoever arising directly or indirectly due to the occurrence of any such event.
You accept and acknowledge that Prime XBT Trading Services Ltd. shall have, and maintains, the right to refuse orders to establish new or larger positions or to buy or sell Instruments.
You accept and acknowledge that Prime XBT Trading Services Ltd. shall have the right to reduce the size of your open positions. Prime XBT Trading Services Ltd. will inform you as soon as practicable regarding such reduction and the reason hereof.
Hackers or other groups or organizations may attempt to interfere with the Website or the availability of cryptocurrency in any number of ways, including without limitation denial of service attacks, Sybil attacks, spoofing, smurfing, malware attacks, or consensus-based attacks. You hereby agree that Prime XBT Trading Services Ltd. shall have no liability for any such loss Your incur.
There is a risk that the Website and cryptocurrency may unintentionally include weaknesses or bugs in the source code interfering with the use of or causing the loss of cryptocurrency.
Advances in cryptography, or technical advances such as the development of quantum computers, could present risks to cryptocurrencies which could result in the theft or loss of cryptocurrency.
You acknowledge that there are risks associated with using the cryptocurrency including, but not limited to, the failure of hardware, software, and Internet connections. You acknowledge that Prime XBT Trading Services Ltd. shall not be responsible for any communication failures, disruptions, errors, distortions or delays You may experience when using the Website and cryptocurrency, howsoever caused.
You acknowledge that you may be prevented from sending a transaction request, or a transaction request or email may not be received by Prime XBT Trading Services Ltd. or the Services, due to hardware, software or services issues (including, without limitation, Internet and other network connectivity issues). You accept that Prime XBT Trading Services Ltd. is not responsible for any loss or damage whatsoever arising directly or indirectly due to any such issues.
You acknowledge that Prime XBT Trading Services Ltd. cannot be held liable for the number of days passing between the transfer of fiat funds from your account on Prime XBT Trading Services Ltd. until the time that the transferred funds are booked on the account with the receiving bank.
You acknowledge that subject to a transfer instruction being complete and correct, incoming transfers of fiat funds will only be booked on your account and be at your disposal once Prime XBT Trading Services Ltd. has received the funds
You acknowledge that Prime XBT Trading Services Ltd. cannot be held liable for the number of days passing between the transfer of fiat funds by the sending bank until the time that the transferred funds are received by Prime XBT Trading Services Ltd. and booked on your account.
You bear the sole responsibility to determine if the purchase of cryptocurrency or the potential appreciation or depreciation in the value of cryptocurrency over time has tax implications for You in Your home jurisdiction. By purchasing cryptocurrency and to the extent permitted by law, You agree not to hold any of Prime XBT Trading Services Ltd., its affiliates, shareholders, directors or advisors liable for any tax liability associated with or arising from the purchase of cryptocurrency.
You are solely responsible for withholding, collecting, reporting, paying, and/or remitting any and all taxes to the appropriate tax authorities in such jurisdiction(s) in which You may be liable to pay tax. Prime XBT Trading Services Ltd. shall not be responsible for withholding, collecting, reporting, paying, and/or remitting any taxes (including, but not limited to, any income, capital gains, sales, value added or similar tax) which may arise from Yours acquisition of cryptocurrency.
You acknowledge that Prime XBT Trading Services Ltd. may act as a Market Maker in certain assets.
You acknowledge that Prime XBT Trading Services Ltd., when acting as a Market Maker, may quote you bid and ask prices. Notwithstanding this, you accept that Company name has no obligation to quote prices to you at any time in any given market, nor an obligation to quote prices with a specific maximum spread to you.
You accept that Prime XBT Trading Services Ltd., as Market Maker, may hold positions that are opposite to your positions, resulting in potential conflicts of interest between Prime XBT Trading Services Ltd. and You.
Please trade with caution when you use leverage in trading or investing. If You do not use leverage properly it can have extreme effects on Your accounts. You can lose a huge amount of money if a trade works against You. Trading and dealing with cryptocurrency high leverage is a high level risk.
It can be very risky for the beginners to use high leverage because You generally do not have enough experience in trading high leverage. You should not trade with it until You get a clear idea how it works.
Cryptocurrencies and blockchains are new and untested technology. In addition to the risks set forth here, there are risks that Prime XBT Trading Services Ltd. cannot foresee and it is unreasonable to believe that such risks could have been foreseeable. Risks may further materialize as unanticipated.