PrimeXBT Honest Review - The Bitcoin-Based Crypto Trading Platform
PrimeXBT is a leading bitcoin based crypto trading platform established in 2018. The platform permits the trading of a wide range of financial markets, including cryptocurrency, Forex, Indices, and commodities, using Bitcoin as collateral.
Unique Features of PrimeXBT
Prime XBT allows its users to use bitcoin-only accounts and they can make deposits using Bitcoin, Tether, Ethereum, USD Coin, etc. All the trades executed on the platform are carried out only in Bitcoin.
To open an account with PrimeXBT, click here to register. The registration process takes less than a minute because no personal details or verification is required.
The principal fees at PrimeXBT are Trade fees and Overnight Financing. PrimeXBT charges trade fees or commissions on the trades executed.
The trading platform also charges overnight finance fees for holding a position open overnight, but this varies from trading pair to pair.
This platform supports cryptocurrencies like Bitcoin, Litecoin, Ethereum, Ripple, EOS, and other supported cryptocurrencies. PrimeXBT also offers trading of some of the most popular indices like S&P 500, FTSE 100, ASX 200, DAX30, and more.
PrimeXBT is a good trading platform designed for both new and advanced traders and provides a hassle-free online trading experience.
Even though it has several advanced trading features, it offers a browser-based platform that does not require installation or software downloads.
Copy Trading Platform
Want to automate your trading by copying the best traders out there, trade by trade? Then copy trading is for you.
As you may guess, copy trading allows you to automatically copy professional traders without having to analyze the market by yourself.
PrimeXBT offers a Turbo trading platform and allows the users to take the position of an asset for a defined gain. If the trader’s prevailing market price prediction is correct after a certain amount of time, they get a fixed payout.
PrimeXBT offers a Covesting module available to all the users on their trading platform. It allows the traders to copy and execute the winning trade strategies of other professional traders.
PrimeXBT Affiliate Program
PrimeXBT affiliate program offers generous rewards to its customers. It provides marketing tools and affiliate links to become a partner. Through referrals, an affiliate partner gets a small percentage as commission.
PrimeXBT Mobile App
PrimeXBT offers a mobile trading app where a user can install the app from the Google play store. The platform offers two-factor authentication. This means that you will have to authorize the login on your phone via the google authenticator.
Prime XBT exchange has an extensive and powerful cybersecurity network to ensure that strict practices and measures are put in place for their customers to protect assets against any threats.
Prime XBT offers 24/7 operations with a highly knowledgeable team to assist the customers anytime. It offers its support through email and via live chat feature on the website.
PrimeXBT is one of the most popular and secured bitcoin-based exchanges that offer their users leveraged trading and the required tools to trade in the crypto market.
PrimeXBT Offers Leveraged Trading up to 1000x
PrimeXBT offers leveraged trading up to 1000 times the amount you contribute. Leverage trading (also known as margin trading) is a method involving using borrowed funds from the exchange.
What could be improved
Extremely limited number of trading pairs. PrimeXBT offers among the fewest trading pairs when compared to some active global exchanges.
Most digital exchanges offer dozens if not hundreds of crypto trading options for users to choose from. It's unusual and unclear why PrimeXBT would choose to offer so few options.
Is PrimeXBT Allowed in the US?
How Do I Get a PrimeXBT Bonus?
Is PrimeXBT Free?
Is PrimeXBT Legit?
Is PrimeXBT Safe?
Is PrimeXBT Regulated?
Is PrimeXBT Covesting Legit?
Disclaimer – Trading in forex is a complex instrument with a high risk of losing money rapidly due to leverage, and the products are not suitable for all investors. Independent financial advice should be taken before proceeding.