Primecoin is known for its unique proof-of-work that requires long chains of prime numbers. This feature is also the reason why there are a lot of users who prefer this altcoin. With its features, Primecoin exchange sites are also increasing.
Popular Primecoin exchange sites
For you to be able to sell, buy, convert, and trade Primecoin, you need to go to a Primecoin exchange. As of this writing, you can go to BTC-e, Cryptsy, Crypto-Trade, Vircurex, Coin-E, Coinmkt, CoinEx, and Gatecoin.
Although there are only a limited number of Bitcoin exchanges that offer Primecoin, this does not stop its creators from developing this altcoin. This way, it can attract more users and eventually more crypto exchange sites will accept this altcoin.
How to choose a Primecoin exchange
Compared to other cryptocurrencies, you have lesser options if you wish to use Primecoin. But this does not erase the fact that you should be aware of the right qualities a satoshi exchange should have.
Each exchange has its own policies and it is important to choose the exchange that is nearest to you. Also, if the exchange is in your country, you will not have to worry about converting it to your fiat currency.
You have to make sure that the registration, transaction, and other fees should be reasonable and cheap. The fees may increase but still, you have to make sure that you are not paying too high just for your fees.
Before you register to a Primecoin exchange, you have to thoroughly research about it first. You have to check all its transactions and news just to make sure that your funds are in good hands. You can also ask other clients to know more about an exchange.
If you are a beginner, you have a lot of questions about the exchange that is why it is also important that the exchange has a proper customer support. There are a lot of exchanges that are proud that their support is open 24/7 but the clients’ questions are not answered immediately. This is important especially if you are having troubles with the exchange.
Primecoin exchange sites offer features that you cannot say no to. But even if these exchanges are tempting, you have to be smart enough to choose the best exchange for you. This is because the exchange is important in using cryptocurrencies. Before you can even buy goods or make transactions, you have to go to an exchange first.