Tag: PrimeBit

Urgent Warning Against Crypto-Powered Multi-Asset Broker PrimeBit!

Black Compliance tamir - July 10, 2023

In April 2021, the Spanish regulator CNMV warned against the crypto-based trading platform PrimeBit, allegedly operated by PrimeBit Ltd, registered in St. Vincent and the Grenadines. In essence, PrimeBit is just another unauthorized multi-asset broker that accepts deposits only in cryptos and offers a leverage of 1:200. PrimeBit has no regulatory permission to do so. We consider Primebit a scam and have put it on our black compliance list. Stay away!

Spanish CNMV issues warning against PrimeBit crypto trading platform

CNMV Mark Lagarde - April 19, 2021

Spanish regulator CNMV has issued a warning against the self-proclaimed P2P crypto trading platform PrimeBit (www.primebit.com). This is allegedly operated by PrimeBit Ltd, registered in St. Vincent and the Grenadines. There you can trade the USD against BTC, ETH, and LTC. Customers can only deposit Bitcoin (BTC) and Tether (USDT) there. If you don't have any cryptocurrencies to deposit, the crypto exchange Changelly (www.changelly.com) is suggested for you to buy. PrimeBit seems to be a scam to us.

FinTelegram is a cyberfinance intelligence and compliance platform investigating financial crime, regulatory violations, and the rails, entities, and ecosystems that facilitate them. Combining investigative journalism, whistleblower intelligence, and forensic compliance analysis, we map risk across payments, banking, crypto, and offshore structures to support transparency, accountability, and informed action.

Disclaimer: FinTelegram is an independent intelligence and compliance platform and does not provide investment, legal, or financial advice. Content published on this website, including references and links to third-party sources, is provided for informational, contextual, and educational purposes only and does not constitute a recommendation, endorsement, or solicitation. Readers must make their own independent assessment and obtain professional advice where appropriate. Past events and referenced materials are not a track record and should not be relied upon as an indicator of future results.