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PrimeXBT Review

PrimeXBT Review

A comprehensive overview of PrimeXBT, a popular cryptocurrency trading platform.

Summary: PrimeXBT is a highly advanced, multi-asset trading platform that offers various financial instruments, including cryptocurrencies, forex, commodities, and indices. Known for its user-friendly interface, it enables users to engage in leveraged trading with up to 100x on digital assets like Bitcoin and Ethereum, and up to 1000x on traditional assets.

The platform's unique selling point lies in its robust security measures, low fees, and innovative features. Not only does it cater to professional traders with its advanced tools, but provides educational resources for beginners to get started in trading.

PrimeXBT Review
4.5 out of 5.0 by Datawallet
PrimeXBT is a multi-asset trading platform that services over a million users in 150+ globally and specialises in margin and copy trading with leverage on crypto derivatives contracts.
Supported Assets
Trade 52 pairs containing crypto, forex, indices and commodities.
Fees
Both the maker and taker fee is 0.05% for Margin and Copy Trading.
Available Countries
US, UK, Canada, France, Germany, Australia and 148 more.

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What is PrimeXBT?

PrimeXBT is a cryptocurrency trading platform that provides access to over 50+ markets, including cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Ripple, as well as traditional markets such as Forex, Indices, and Commodities like Copper and Silver. It was launched in 2018 by a team of experienced software developers and finance professionals and has since grown to become a popular choice for margin trading. The platform boasts over 1 million registered users in 150+ countries globally, with a majority of its users from Turkey, France and the United States.

PrimeXBT Features‍

The exchange stands out with its wide range of trading tools and features. It offers up to 100x leverage on cryptocurrency and provides advanced order types like stop loss and take profit orders, allowing traders to manage their risk better. Refer to the below for a detailed summary of the key features offered on PrimeXBT:

  1. Leverage Trading: Trades derivatives contracts with up to 100x leverage on cryptocurrencies like Bitcoin and Ethereum.
  2. Covesting: A unique module that enables traders to copy the trades of successful investors by automatically mimicking their trades.
  3. Multiple Assets: Invest in Cryptocurrency, Forex, Indices and Commodities such as Gold, Silver, Crude and Gas.
  4. 24/7 Multilingual Support: Contact the PrimeXBT team 24/7 via live chat in fifteen languages, including English, Spanish, German, Mandarin, Japanese and Arabic.
  5. Refer & Earn: Refer your friends and get rewarded with up to $1200 USD per eligible person that joins the exchange.
  6. Mobile App: Access your funds, make trades and contact support on the go with the PrimeXBT mobile app. This application is compatible with iOS and Android devices.
PrimeXBT Features‍.

Can PrimeXBT be Trusted?

When it comes to security, PrimeXBT employs a variety of measures to prevent cyber-attacks and ensure regulatory compliance in every jurisdiction. These include cold storage of digital assets, SSL encryption, two-factor authentication, and more. The exchange also has bank-grade infrastructure and multi-layered security systems to ensure the safety of user funds. 

Fees Schedule

The platform employs a two-tier fee structure - trading and overnight financing. Trading fees depend on the asset traded, the maker and taker fee for crypto is 0.05%, and it’s a slightly lower rate for other instruments like commodities, indices, and forex. Overnight financing or swap charges are applied to positions that remain open overnight, with rates varying based on the asset and the market's liquidity. Additional deposit or withdrawal fees may apply, depending on the method used.

PrimeXBT Mobile App

This PrimeXBT app is available on iOS and Android devices and provides a secure, intuitive, and user-friendly interface. It provides features like the ability to open positions, get access to real-time market data, customer support, and more. With seamless 24/7 customer support, the PrimeXBT mobile app truly embodies the brand's commitment to making trading accessible and secure for everyone, anywhere. The app is currently rated 4.6 stars on the Apple App Store, and 4.1 stars on the Google Play Store, with most reviews being positive.

PrimeXBT Mobile App

Does PrimeXBT offer 24/7 customer support?

PrimeXBT provides 24/7 customer support and a comprehensive education section filled with guides, tutorials, and market analysis to help users better understand the trading world. Users can access the help centre 24/7, ensuring they receive immediate assistance regardless of their timezone. With a dedicated, multilingual team of professionals, they address queries related to trading, account management, technical issues, and more. PrimeXBT provides multiple channels for support, including email, live chat, and social media platforms, ensuring effective, personalized communication. 

PrimeXBT Available Countries

PrimeXBT is a global trading platform that prides itself on its accessibility, offering its services to traders in 152 countries worldwide. The exchange does not provide a list of the supported countries but does have a list of restricted jurisdictions.

Bottom Line

In summary, PrimeXBT is a comprehensive trading platform offering a variety of markets, advanced trading tools, and unique features like copy trading services. With its user-friendly interface, quick registration process, and low minimum deposit, PrimeXBT caters to all traders. This platform also offers a robust affiliate program, providing users with an opportunity to earn extra income by referring others. Furthermore, with 24/7 customer support and a rich educational resource library, PrimeXBT ensures all users have the necessary support and knowledge to trade effectively.

Frequently Asked Questions

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A Guide to Commonly Asked FAQs.

Is PrimeXBT Legit?