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PrimeXBT Exchange Launches It’s iOS App

Sying Tien

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PrimeXBt the cryptocurrency margin trading exchange published it’s iOS app trading. It is now available and can be downloaded directly from Apple store for iPhone users.

A snapshot from PrimeXBT iOS App

You will need to create an account in order to trade from PrimeXBT Trade app. Sign up for free at PrimeXBT.com (my affiliate link is attached).

Through PrimeXBT Trade app, you will be able to trade Cryptocurrencies including Bitcoin, Ethereum, Ripple, Litecoin, and EOS as well as commodities including Gold, Silver, and Brent.

PrimeXBT is a relatively new exchange which provides derivative trading options with leverage up to 100x in five different cryptos. It has a friendly team and it would be a good alternative to BitMex with it’s much lower trading fees.

Disclaimer: Margin trading is not recommended for everyone. Margin trading is highly risky, crypto margin trading even riskier. So it is a strict NO for beginners given veteran traders also incur huge losses in margin trades.

Professional Trader, Social media scholar and a Crypto expert. If you have any comments, suggestions or questions feel free to contact me at [email protected] and i will get back to you shortly.

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Exchanges

Crex24 Will Require KYC Verification

June G. Bauer

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Crex24 KYC Verification

Crex24, cryptocurrency exchange will require European Union users to go through a KYC process by uploading a valid government ID and their Social Security numbers, so the exchange can comply with the European Anti-money laundry (AML) rules. This will take effect on January 1st,2020.

It is not uncommon for cryptocurrency exchanges and wallet providers to ask for KYC (Know your Customer) documents to verify users’ identities. Most crypto Entities engaged in exchanging between virtual and fiat currencies are required to comply with the AML rules. Depending on each situation, failure to comply with KYC and AML requirements may result in suspension of license, or in some cases severe penalty.

Crex24 exchange has been operating since 2017 and based in Cyprus. CREX24 uses two-factor authentication (2FA) as well as encrypted connection. the exchange supports Visa/MC, Perfect Money and Epay for deposits. Perfect Money for withdrawals.

Crex24 exchange 24 hours trading volume is $1,876,550.01 (252.89 BTC), it currently supports 570 cryptocurrencies and 846 market trading pairs.

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Exchanges

CryptoBridge Exchange Is Shutting Down

June G. Bauer

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Cryptobridge-Exchange-is-Shutdown

CryptoBridge, the decentralized cryptocurrency exchange has posted a front page announcement on the exchange’s main website stating that it will be shutting down its trading services by December 15.

CryptoBridge Shutdown Notice

All the exchange’s users will have to withdraw their funds before the deadline, but in order to do so they will have to submit their KYC documents for verification purposes to follow the new exchange’s rules

CryptoBridge is a decentralized cryptocurrency exchange (DEX) that was established in late 2017. The platform operates using the BitShares network, which features a processing capacity of 100,000 transactions per second and does not store the private keys of their user’s funds.

Decentralized Exchange is called a market ecosystem in which sellers and buyers coexist without relying on a third-party service to retain customer funds, exchanges occur directly between users (P2P) through an automated process. The transactions resulting from their exchanges are recorded in an accounting book, distributed in each node that participates in the network.

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Exchanges

$50 Million in Cryptocurrency May Have Been Stolen From Upbit Exchange

June G. Bauer

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UpBit-Exchange-Hacked

Multiple sources have claimed Upbit, the largest cryptocurrency exchange in South Korean, may have been hacked after 342,000 Ethereum ($50 Million) coins transferred out of the exchange’s wallets to unknown wallet. The exchange platform went into unscheduled maintenance right after the transfer.

Cryptocurrency monitoring service “Whale Alert” has recorded the following transaction:

The above ETH transaction might indeed be a hack: the TX was sent with a gas fee of 1000 gwei (100x the price for a “fast” transaction). This person wanted to be 1000% sure the TX goes through ASAP. No exchange ever sends a TX with this fee.

The exchange have posted the bellow notice on its website:

This is a developing story, we will keep you updated about this alleged security breach.

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