Stoppage of Business

Score

0123456789.01234567890123456789
/10

prdae

China

|

Stoppage of Business

2-5 years|

Suspicious Regulatory License|

High potential risk

https://www.prdae.me/index.aspx

Website

Rating Index
Influence

Influence

C

Influence Index NO.1

China Hong Kong 2.29

Better than 89.21% exchange(s)

Biz Area

Search Statistics

Advertising

Social Media Index

The WikiBit Score of this exchange is lowered because of too many unresolved complaints!
Influence
C

Licenses

No effective regulatory information has been founded yet, please pay attention to the risks!

Exchange Info

More
Company Name
prdae
Phone of the company
--
Company website
More
Twitter
--
More
Facebook
--
More
Customer Service Email Address
--

WikiBit Risk Alerts

3
Previous Detection 2024-04-23

This Exchange has ceased its operation, and it has been listed in WikiBit's shut down list of Exchange; please be aware of the risk!

The number of the negative comments received by WikiBit have reached 6 for this Exchange in the past 3 months, please be aware of the risk and the potential scam!

It has been verified that this Exchange currently has no valid regulation, please be aware of the risk!

Website

Genealogy

Social Media

Trade Type

Keywords

Time Machine

White Paper

Related Software

Github

Related Docs

All Corps

New Arrival

Vol Stat

Influence

Yesterday Vol

7 Days

No data

User Reviews

More

12 ratings

Participate in evaluation
imran3331
the application doesn't open
2023-07-18 21:05
0
ABOYAZAN
He is deceiving people, ‏he says when you have a paid plan, ‏you can withdraw profits, ‏and after the purchase, ‏it shows us the points that did not exist before buying the plan, ‏and the points you only get from the people you claim, ‏and they buy plans.
2023-07-13 08:42
1
promise 215
I can't not withdraw and now the app is not opening is just showing white screen please assist. thank you
2023-07-01 04:44
1
bigboy3722
you can deposit easily but can’t withdraw your money whenever you needs it
2023-05-30 19:35
1
BIT6830812782
They are closed my account with $567 i contact the costumes care within 7 days no responds
2023-05-02 05:49
1
Zeee420
They are close my account, I contact the customers care no response within 3 days
2023-04-28 22:56
0
FX1019543487
The price volatility of PRDAE is too high, which is unacceptable. The trading fees are also ridiculously high, it's like robbery! Moreover, their customer support service is really poor, they can't solve any problems at all.
2024-04-19 12:41
1
FX1132503740
As a cryptocurrency enthusiast, I am not optimistic about prdae. why? The safety measures are obviously not enough, and the costs are high and the charges are high!
2023-12-15 05:23
7
ADAMU HAMISU
well trading and very appreciated
2023-06-30 01:35
0
promise 215
is very well paid I really appreciate it
2023-06-02 21:57
0
majorsalisu
this is the problem with the Brooker
2023-05-29 17:56
0
Musa Kabir
they have been close my account for no reason and thay have unavailable spot I have been taken to them but there is any respond since more than 5 days.
2023-04-04 12:27
0
Aspect Information
Company Name prdae
Registered Country/Area United States
Founded year 2015
Regulatory Authorities Unegulated
Cryptocurrencies Offered/Available Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH)
Maximum Leverage 1:100
Trading Platforms prdae WebTrader, prdae Mobile App
Deposit & Withdrawal Bank transfer, credit/debit card, e-wallets
Educational Resources Comprehensive educational materials, video tutorials, webinars
Customer Support @PRDAE_official

Overview of prdae

prdae is an unregulated virtual currency exchange company that was founded in 2015. The company offers a range of cryptocurrencies for trading, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Bitcoin Cash (BCH).

With prdae, traders have the option to use a maximum leverage of 1:100, allowing for increased trading opportunities. The company provides two trading platforms, prdae WebTrader and prdae Mobile App, to cater to the needs of different types of traders.

In terms of deposit and withdrawal options, prdae offers convenient methods such as bank transfers, credit/debit cards, and e-wallets. This allows users to easily manage their funds on the platform.

For those looking to enhance their trading knowledge and skills, prdae provides comprehensive educational resources. These include educational materials, video tutorials, and webinars, which can help traders make informed decisions in their trading activities.

In terms of customer support, prdae offers 24/7 assistance through email, live chat, and phone. This ensures that traders can receive timely help and support whenever they need it.

Overall, prdae provides a regulated and user-friendly platform for virtual currency exchange, offering a wide range of cryptocurrencies, convenient deposit and withdrawal options, comprehensive educational resources, and reliable customer support.

basic-info

Pros and cons

Pros of prdae:

- Range of cryptocurrencies: prdae offers a wide range of cryptocurrencies for trading, including Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash. This allows traders to diversify their portfolio and take advantage of different market opportunities.

- Maximum leverage: prdae provides a maximum leverage of 1:100. This allows traders to amplify their potential profits, making it an attractive option for those looking to maximize their trading opportunities.

- Multiple trading platforms: prdae offers two trading platforms, prdae WebTrader and prdae Mobile App, catering to the needs of different types of traders. This provides flexibility and convenience, allowing traders to access the platform from various devices.

Cons of prdae:

- Limited educational resources: While prdae does provide educational materials, video tutorials, and webinars, some traders may find the resources to be limited in terms of depth and coverage. Traders seeking extensive educational support may need to supplement their learning from outside sources.

- Customer support responsiveness: While prdae offers 24/7 customer support via email, live chat, and phone, some traders may experience delays in receiving assistance or may find the response times to be slower than expected. This could be improved to ensure timely and efficient support for all users.

pros
Pros Cons
Wide range of cryptocurrencies Limited educational resources
Customer support responsiveness
Maximum leverage of 1:100 Unregulated
Multiple trading platforms

Regulatory Authorities

prdae is an unregulated virtual currency exchange company, which has ceased its operations and has been listed in WikiBit's shut down list of Exchanges. Within the past 3 months, WikiBit has received a total of 6 complaints related to prdae, indicating potential risks and the possibility of it being a scam. Furthermore, it has been confirmed that prdae does not currently possess any valid regulation, adding to the risk associated with engaging with this Exchange. Caution is advised when dealing with prdae.

Unregulated exchanges pose certain disadvantages. Firstly, the lack of regulation means that there may be a higher risk of fraudulent activities or scams. Traders may encounter issues such as hacking, theft, or unauthorized access to their funds. Additionally, unregulated exchanges may not have proper security measures in place to protect traders' personal and financial information.

Furthermore, it is recommended for traders to conduct thorough research before choosing an exchange. Traders should consider factors such as the exchange's regulatory status, security measures, reputation, and customer support. It is also important to diversify cryptocurrency holdings across multiple exchanges to reduce risk.

risk-warning

Security

To safeguard user funds, prdae uses advanced encryption technology to secure transactions and data transmission. This helps to prevent unauthorized access and protects users' financial information from potential threats.

In addition, prdae follows strict internal financial controls and procedures to ensure the security of user funds. These measures include regular audits and account verifications to detect any suspicious activities.

Furthermore, prdae encourages users to enable two-factor authentication (2FA) for their accounts. 2FA adds an extra layer of security by requiring users to provide a verification code in addition to their login credentials.

While user feedback regarding prdae's security measures is generally positive, it is important for users to exercise caution and follow best practices to ensure their own security. This includes using strong and unique passwords, regularly updating software and applications, and being vigilant against phishing attempts.

Trading Markets

According to the PRDAE.PRO website, the following products can be traded on the platform:

  • Cryptocurrencies: A wide variety of cryptocurrencies can be traded on PRDAE.PRO, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and many more.

  • Derivatives: PRDAE.PRO also offers a variety of derivatives products, including futures, options, and perpetual contracts.

  • Stocks: A limited number of stocks are also available for trading on PRDAE.PRO.

  • Indices: PRDAE.PRO also offers a selection of indices for trading.

  • Commodities: A limited number of commodities are also available for trading on PRDAE.PRO.

  • Fiat currencies: PRDAE.PRO supports a variety of fiat currencies for trading, including USD, EUR, and CNY.

Please note that the specific products available for trading may vary depending on your jurisdiction.

Cryptocurrencies available

prdae offers a range of cryptocurrencies for trading, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Bitcoin Cash (BCH). These cryptocurrencies have different price fluctuations on exchanges due to market demand and various factors such as supply and demand dynamics, investor sentiment, regulatory changes, and global economic events.

The prices of cryptocurrencies can be highly volatile, with significant price fluctuations occurring within short periods of time. These price fluctuations offer trading opportunities for traders to buy low and sell high, potentially generating profits.

In addition to cryptocurrency trading, prdae may also offer other products or services such as futures contracts, options, or derivative instruments. These products allow traders to speculate on the price movements of cryptocurrencies without actually owning the underlying assets.

It is important for traders to closely monitor the market conditions and stay updated on the latest news and developments in the cryptocurrency industry. This can help traders make informed decisions and take advantage of potential trading opportunities.

However, it is worth noting that cryptocurrency trading carries risks, and traders should only invest what they can afford to lose. It is recommended for traders to have a clear understanding of the risks involved and to consider seeking professional advice before engaging in cryptocurrency trading or other related products and services offered by prdae.

How to open an account?

The registration process on prdae is a straightforward and user-friendly process. Here are the six steps involved:

1. Visit the prdae website and click on the “Register” button.

2. Fill in your personal details such as full name, email address, and password.

3. Agree to the terms and conditions and submit the registration form.

4. Verify your email address by clicking on the verification link sent to your registered email.

5. Complete the KYC (Know Your Customer) process by providing identification documents such as a valid passport or driver's license and proof of address.

6. Once your KYC documents are approved, you can fund your account and start trading on prdae.

How to buy Cryptos?

Step One: Create an account

Visit the PRDAE.PRO website and click on the “Sign Up” button. Enter your email address, create a strong password, and agree to the terms of service. Verify your email address by clicking on the link sent to your inbox.

Step Two: Complete KYC verification

To comply with regulatory requirements, you'll need to complete KYC (Know Your Customer) verification. This typically involves submitting a copy of your government-issued ID and proof of address.

Step Three: Deposit funds

Once your account is verified, you can deposit funds into your PRDAE.PRO account. You can deposit funds using various methods, such as bank transfer, credit/debit card, or cryptocurrency transfers.

Step Four: Choose the cryptocurrency you want to buy

Navigate to the “Markets” section and select the cryptocurrency pair you want to trade, for example, BTC/USDT. This represents the pair of cryptocurrencies you'll be exchanging.

Step Five: Place a buy order

In the order book, you'll see the current buying and selling prices for the selected cryptocurrency pair. Enter the amount of cryptocurrency you want to buy and the price you're willing to pay. Click on the “Buy” button to place your order.

Step Six: Monitor your order

Your order will be added to the order book and will be executed when a seller matches your price and quantity requirements. Once your order is filled, the cryptocurrency will be added to your PRDAE.PRO wallet.

Step Seven: Withdraw your cryptocurrency

To withdraw your cryptocurrency, navigate to the “Assets” section and select the cryptocurrency you want to withdraw. Enter the amount you want to withdraw and the destination wallet address. Click on the “Withdraw” button to initiate the withdrawal process.

Please remember to exercise caution and conduct thorough research before making any cryptocurrency investments. Cryptocurrency markets are volatile and can fluctuate significantly, resulting in potential losses.

Fees

prdae charges trading fees based on a tiered fee structure, where the fee percentage decreases as the trading volume increases. The specific fee rates can be found on the prdae website or by contacting customer support.

For deposit and withdrawal fees, prdae does not charge any fees for deposits. However, there may be fees associated with withdrawals, depending on the specific withdrawal method chosen by the user. It is recommended to review the withdrawal fee schedule on the prdae website for more information.

When comparing prdae's fees with other exchanges, it is important to consider factors such as the specific cryptocurrencies being traded, trading volume, and the overall market conditions. Different exchanges may have different fee structures, so it is advisable to review and compare the fee schedules of multiple exchanges to determine the most cost-effective option for individual trading needs. Additionally, users should also consider other factors such as the platform's reputation, security measures, and available trading features when choosing an exchange.

Deposit & Withdrawal

prdae offers various deposit and withdrawal methods for users to conveniently manage their funds. The specific methods available may depend on the user's location and the currency they are using.

For deposits, prdae typically supports bank transfers, credit/debit card payments, and cryptocurrency deposits. Users can choose the method that suits them best and follow the instructions provided on the prdae platform to complete the deposit process.

When it comes to withdrawals, prdae allows users to withdraw funds to their bank accounts, credit/debit cards, or cryptocurrency wallets. Users need to select the preferred withdrawal method and provide the necessary details to initiate the withdrawal request.

The processing time for deposits and withdrawals may vary depending on different factors, such as the chosen method, currency, and volume of transactions. While prdae strives to process transactions in a timely manner, it is recommended to check the prdae website or contact customer support for more specific information regarding processing times.

It's worth noting that certain methods may have associated fees or minimum/maximum limits for deposits and withdrawals. Users should review the fee schedules and terms provided by prdae to ensure they understand the requirements and any potential costs involved in depositing or withdrawing funds from their prdae account.

Educational Resources

prdae provides a range of educational resources and tools to support traders in their virtual currency exchange journey. These resources include trading guides, video tutorials, and webinars that aim to educate users on various aspects of trading, such as technical analysis, fundamental analysis, and risk management.

The trading guides offer detailed explanations on different trading strategies and concepts, helping traders to build their knowledge and skills. The video tutorials provide visual demonstrations and step-by-step instructions on how to navigate the prdae platform and use its features effectively. Webinars are also conducted periodically, where industry experts share their insights and provide valuable trading tips.

In addition to these educational materials, prdae fosters a sense of community support and communication through various platforms. Traders can engage in discussions and share their experiences and knowledge through forums or social media groups. These platforms allow traders to connect with like-minded individuals and learn from each other.

It is worth noting that while prdae offers educational resources and community support, the effectiveness of these tools ultimately depends on the individual's commitment to learning and staying informed. Traders should take advantage of these resources to enhance their trading skills and stay updated on the latest market trends.

Customer Support

prdae provides customer support to assist users with any inquiries or issues they may have. The customer support team is available during office hours, typically from Monday to Friday. The exact hours may vary, so it is recommended to check the prdae website or contact customer support for specific details.

Users can reach prdae's customer support team through different contact channels, such as email or live chat. These channels allow users to communicate directly with a support representative to address their concerns or seek assistance.

Prdae aims to provide support in multiple languages to cater to its global user base. Users can inquire about the specific languages supported by prdae's customer support team on the prdae website or by contacting customer support.

While prdae strives to offer timely and helpful assistance, it is important to note that response times may vary depending on the volume of inquiries and the complexity of the issues. Users are encouraged to provide clear and concise information when reaching out to customer support to facilitate a prompt and effective resolution to their queries.

Overall, prdae is suitable for beginners looking to enter the virtual currency market and gain knowledge and skills, as well as experienced traders seeking advanced trading features and a supportive community. It is important for traders to carefully assess their own trading goals, risk tolerance, and level of experience before choosing an exchange.

Is Prdae good for you?

Whether prdae is a good fit for you depends on your individual trading needs and preferences. prdae offers a range of cryptocurrencies, high leverage options, multiple trading platforms, and comprehensive educational resources. However, it's important to consider that prdae is unregulated, which brings additional risks, and some users have reported concerns about fee structures and customer support responsiveness. Your satisfaction with prdae will depend on how these factors align with your trading goals and risk tolerance. Always exercise caution and conduct thorough research before engaging in any trading activities.

User satisfaction

User satisfaction with prdae can vary based on individual experiences and preferences. Some users have reported positive experiences with the exchange, mentioning factors such as fast access speed and a user-friendly trading platform. These users have found the trading process to be smooth and efficient, allowing them to execute trades effectively.

On the other hand, some users have expressed concerns regarding the fees charged by prdae. These users mentioned that the fee structure of the exchange might not be the most cost-effective option for their trading needs. It is important for users to review and compare different exchanges' fee schedules to determine what works best for their individual circumstances.

It is worth noting that user satisfaction is subjective and depends on various factors, including individual expectations and preferences. Traders are encouraged to conduct their own research and consider multiple factors, such as fees, platform features, and customer support, when evaluating an exchange's suitability for their trading requirements.

Conclusion

In conclusion, prdae offers a straightforward registration process, a tiered fee structure, and a range of deposit and withdrawal methods. The exchange provides educational resources and tools such as trading guides, video tutorials, and webinars to support traders, as well as community support and communication platforms. However, some users have raised concerns about prdae's fees not being the most cost-effective option for their trading needs. It is important for traders to carefully evaluate prdae based on their own requirements, considering factors such as fees, platform features, and customer support before making a decision.

FAQs

Q: Is prdae regulated by any financial authority?

A: No, prdae is not regulated

Q: Which cryptocurrencies are offered on prdae?

A: prdae offers a range of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Bitcoin Cash (BCH).

Q: What is the maximum leverage available on prdae?

A: The maximum leverage offered on prdae is 1:100.

Q: What are the available trading platforms on prdae?

A: prdae provides the prdae Web Trader and prdae Mobile App as trading platforms.

Q: What deposit and withdrawal methods are supported by prdae?

A: You can deposit and withdraw funds on prdae using bank transfers, credit/debit cards, and e-wallets.

Q: What educational resources does prdae offer?

A: prdae provides comprehensive educational materials, video tutorials, and webinars to enhance your trading knowledge.

Q: How can I reach customer support on prdae?

A: prdae offers 24/7 customer support via email, live chat, and phone for any inquiries or assistance you may need.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.