PrimeXBT is a reputable multi-asset broker that caters to the diverse needs of seasoned traders across the globe. Since 2018, it has been providing a secure platform for traders to harness all the opportunities that come with trading cryptocurrencies, stock indices, commodities, and forex, thanks to its advanced trading tools.
With its competitive fees and lucrative earn options, PrimeXBT has become a go-to platform for everyone who wants to maximize their profits. In recognition of its excellent trading services, PrimeXBT has won numerous awards, including the “Most Trusted Crypto-Asset Trading Platform” at the 2022 Crypto Expo Dubai ceremony.
In this detailed guide, we will walk you through all the offerings, products, and tools that you can harness with your PrimeXBT account.
Key Features Of PrimeXBT – Quick Review
PrimeXBT has earned the confidence of professional traders and beginners due to its amazing features. The availability of these innovative features on PrimeXBT makes it possible for traders to fully maximize the global markets. Before diving into the full review of PrimeXBT, we will briefly take you through all the notable features of the global broker.
- PrimeXBT offers various investment opportunities on cryptocurrencies, commodities, stocks, and popular fiats.
- There are hosts of trading and analysis initiatives on the platform that enhance traders’ chances of making big money.
- You can earn more passive returns on PrimeXBT through its affiliate and referral program.
- The crypto exchange has an outstanding user-friendly interface, allowing traders to enjoy the full features of the platform without any hurdles.
- The customer support system on the exchange is readily available on a 24/7 basis.
- Being an exchange that prioritizes the growth of the virtual assets market, PrimeXBT has a Crypto Trading Academy where seasoned industry experts train traders on emerging innovations.
- PrimeXBT has a special wallet that allows users to store their assets safely.
- Among its vast lineup of interesting features, PrimeXBT offers crypto derivatives.
Overview
Despite the heavy competitiveness of the crypto landscape, PrimeXBT has swiftly risen to prominence, becoming the favorite of millions of seasoned traders. It was established in 2018 to provide exceptional trading services to all categories of traders across the globe.
With its support for a wide range of assets and markets, PrimeXBT has developed to serve millions of users across more than 150 countries. While its headquarters is situated in Seychelles, PrimeXBT also has offices in St. Vincent and Grenadines.
Choosing the global broker gives you the opportunity to buy, own, and trade cryptocurrencies, stocks, commodities, and, foreign currencies. To help you maximize your assets amid the volatility in the market, PrimeXBT has put in place a host of advanced tools, products, and offerings.
Unlike average trading platforms, PrimeXBT offers Contracts for Difference (CFD) trading, allowing professional traders to bet on the possible price movements of assets. With this feature, traders can hedge against different positions, diversify their portfolios, and leverage market movements, thus positioning it as one of the top Binance alternatives around.
More so, PrimeXBT has also proven to be suitable for those looking to use high leverage. It provides not less than 200x leverage on popular crypto coins like Bitcoin and Ethereum CFDs, 100x on other crypto assets and indices, along with 1000x on forex pairs.
In addition to its lineup of amazing features, PrimeXBT provides proprietary copy trading so that newbies can follow and emulate the trading strategy of some of the most successful traders in the market. Likewise, the exchange has a Covesting module that lists leading traders, their portfolios, and returns.
It is relatively cheap to use PrimeXBT for your trading endeavors. The platform charges as low as 0.1% for every crypto derivatives trading and 0 fees for deposits, hence making it possible for traders to maximize their gains. Without a doubt, PrimeXBT’s competitive trading and withdrawal fees have positioned it as a popular destination for traders.
Meanwhile, the reputation of PrimeXBT became more established when it won the “Most Trusted Crypto-Asset Trading Platform” during the Crypto Expo Dubai award ceremony in 2022. Previously, the exchange has won numerous awards including ADVFN’s Best Bitcoin Margin Trading Platform, Best Crypto Trading App, Best Cryptocurrency and Forex Broker, and Best Crypto Trading Platform.
These awards are in recognition of PrimeXBT’s unflinching commitment to providing traders with best-in-class trading experiences. The popular broker stands out among its peers when it comes to ensuring the safety of users and their assets. Hence, it is no fluke that it has earned the confidence of millions of users who are passionate about the security of their investments.
You can buy, trade, and manage your investments on PrimeXBT without becoming vulnerable to hacks. Also, the reputable trading platform supports multi-currency wallets so that users can safely withdraw, deposit, track, and trade their crypto coins. Away from its heavy emphasis on users’ safety, PrimeXBT also boasts an attractive and easy-to-use interface to deliver a smooth trading experience. Therefore, beginners will always find the platform appealing.
To deliver a seamless trading experience, PrimeXBT has installed a 24/7 customer support service. In addition to this, it has a resourceful educational platform that provides expert coaching and materials for users. The PrimeXBT Academy aids new traders in the cryptocurrency market to learn about the nitty-gritty of the industry.
Likewise, with the presence of numerous experts in the academy, seasoned traders can also improve their skills to suit emerging trends in the market. The platform also supports newbies with a variety of tools, empowering them to make good trading decisions.
Get started with PrimeXBT today and join millions of other traders who are leveraging the platform to grow their assets. Since it does not mandate the fulfillment of KYC verification, you can create your account within a few seconds. You only need a valid email and a password of your choice to register on PrimeXBT.
Upon your successful registration, the exchange has put in place a tantalizing $100 welcome bonus. To claim this offer, you must deposit up to $500. You can make deposits on PrimeXBT via its robust payment system that supports both crypto coins and fiats.
Key Features – Full Review
Earlier, we highlighted some of the key features of PrimeXBT. In this segment, we will fully examine these features so that traders can understand how to harness them.
Vast Crypto & Traditional Finance Asset Options
Although PrimeXBT supports limited cryptocurrencies, the investment opportunities it offers come in handy. While exploring the broker, we discovered that it supports some of the crypto coins with the most potential like BTC, ETH, USDT, USDC, DOGE, BNB, ADA, ALGO, ATOM, AVAX, AXS, DOT, EGLD, EOS, KLAY, FTM, ICP, FIL, MANA, LINK, LTC, MATIC, NEAR, SAND, SOL, TRX, UNI, THETA, VET, XLM, XMR, XRP, and XTZ among others.
You can explore crypto to fiat pairs like BTC/USD, DOGE/USD, ETH/USD, SHIB/USD, SOL/USD, and XRP/USD. More so, there are also available crypto-BTC pairings like ETH/BTC, XRP/BTC, LTC/BTC, and ADA/BTC on PrimeXBT. That’s not all. The exchange’s crypto future category allows traders to trade options like BTC/USDT, SOL/USDT, and ADA/USDT.
In addition to these various pairings and crypto options, PrimeXBT also supports forex, stock, and commodities trading. With this feature, users can diversify their portfolio with trending cryptocurrencies, stocks from prominent companies, and precious metals like Gold and Silver. Consequently, the trading platform stands tall among its rivals in regard to its list of investment offerings.
Check out our list of the top crypto exchanges in the market right now.
Advanced Trading Tools
As an opportunity-packed investment platform, PrimeXBT provides traders with modern market tools to help boost their net returns. To enable traders track present market conditions and make informed trading decisions, the global broker provides in-built charts and data.
Newbies can also take advantage of PrimeXBT’s copy trading feature to emulate the market bets of successful traders. To get started, browse through hundreds of trading strategies and assess their performance before choosing the most suitable one. This feature empowers beginners to automatically net lucrative rewards passively.
The Covesting module is another innovation on PrimeXBT and it is quite similar to copy trading. Rather than copying the trading decisions of seasoned traders, emerging investors are expected to invest in a trader whose trading strategy has the potential to yield a massive return.
Affiliate, Referral, And Welcome Bonus
Do you know that you can earn sumptuous returns on PrimeXBT without any financial commitment? Yes, the trading platform pays users a certain percentage through its affiliate and referral programs. Leveraging these generous offers allows traders to earn freebies without trading or investing on the site.
Likewise, PrimeXBT is flying high among its peers as a result of its landmark welcome bonus. Upon your first deposit that is worth above $500, the trading site has put in place a $100 bonus as a welcome package. Meanwhile, there are also several contests in which users can participate to claim freebies like virtual funds and real prizes.
User-friendly Interface And Responsive Customer Support
In this review, we noticed PrimeXBT has an outstanding user interface, a feature that has largely contributed to the fast-growing nature of the cryptocurrency exchange. The layout of this top trading platform is unambiguous. Its icons and labels are well-placed to allow users to easily explore the full features of the site. PrimeXBT’s user-friendly layout is further complemented by its blue-black and sky-blue backdrop.
Supporting the fascinating interface of PrimeXBT is its ever-active customer support. Users can easily lodge complaints about any hurdles or shortcomings they encounter while using the cryptocurrency exchange. The fast resolution of complaints on PrimeXBT has garnered positive reviews from users of the exchange.
PrimeXBT Academy
PrimeXBT is one of the top trading platforms that champions the mass adoption of cryptocurrency. The leading exchange believes in enhancing users’ education to drive the global adoption of cryptocurrencies. Recognizing the relevance of users’ education, PrimeXBT has a cryptocurrency Academy that is run by industry experts and reputable individual market leaders.
The Academy has been effective in exposing users to the practical knowledge of the crypto market, ensuring that they gain insights into some of the best trading strategies that can help them maximize their investment portfolios. Through the Academy, PrimeXBT has produced various educational materials and videos to educate users about the transformative capabilities of cryptocurrency.
How Does PrimeXBT Work?
PrimeXBT is a multiple award-winning global broker. Over the years, it has matured into an all-around trading platform, offering a wide range of investment opportunities. If you choose PrimeXBT, you will be able to manage crypto, forex, stock, and commodities in one spot.
To enjoy the lucrative products and offerings embedded in PrimeXBT, it is imperative you open an account on the platform. Creating your account on PrimeXBT isn’t a daunting task, as you are only required to provide an email address and a strong password. While KYC verification is not compulsory on PrimeXBT, traders who want to request large withdrawals or use any of its supported fiat payment methods might be required to undergo the authentication process.
Moving forward, after creating your account, the next thing to do is to fund it. There are various deposit options on the exchange. You can deposit through direct crypto transfer or fiat payment or you buy the supported cryptocurrency of your choice on the platform using a debit or credit card. If you make a first-time deposit that is higher than $500, you will earn a welcome bonus worth $100.
On the site’s landing page, you will see a rectangular bar that displays your assets with labels like “Transfer” and “Deposit.” Whenever you want to make deposits or withdrawals, you can click on the labels and follow the prompts. Beneath the bar is your wallet which indicates your total equity and arranges them according to the value of funds in each asset supported by PrimeXBT.
To locate other labels like Global Market, Crypto Futures, Copy Trading Top, Copy Trading Portfolio, Copy Trading My Strategies, and Contests, you will need to scroll down the screen. More so, the landing page has five icons underneath. These icons are Home, Buy Crypto, Trade, Copy Trading, and More. With the labels and icons on the prominent platform, rest assured that you will be able to explore all the features delivered by PrimeXBT easily.
Why Should I Use PrimeXBT?
The cryptocurrency market is quite competitive, and we understand that there are various exchanges that offer interesting trading features. Therefore, in this segment of our review, we will take a look at some of the factors that have positioned PrimeXBT as the right trading platform for you.
Numerous Investment Opportunities And Incentives
PrimeXBT is an ideal spot for trading experts and newbies, thanks to its extensive lineup of tools. The presence of these tools empowers users to fully maximize every investment opportunity in the global markets.
Unlike others, PrimeXBT is not limited to a particular investment market alone. It provides a trading architecture that allows emerging traders to trade some of the best cryptocurrencies, stock indices, and commodities in the market right now. Hence, it is considered a great destination for those who want to diversify their investments across different assets and markets.
Choosing PrimeXBT also qualifies you to earn tantalizing incentives. The exchange has an active referral program that rewards participants through a tiered system. In this program, you can earn up to 20% on every referral. The affiliate program of PrimeXBT is another avenue for you to earn free money on the trading platform.
Highly Reliable And Secure
PrimeXBT excels when it comes to providing ultimate security to traders and their investments. It combines various security mechanisms like 2FA, encrypted SSL, Cloudflare, hashed passwords, and bug tests among many others to ensure the safety of users’ assets.
Since everyone wants to trade in a platform that guarantees maximum security, PrimeXBT has become a top choice. While coming up with this guide, we checked the customer reviews of the platform and discovered that it boasts a 3.7 rating on Trustpilot. This, to an extent, means users of PrimeXBT are impressed with its service delivery.
Overall Trading Experience
To enjoy a seamless and rewarding trading experience, you should definitely try out PrimeXBT. The trading platform is renowned for its user-friendly interface, making it easy for newbies to navigate the global markets. This cryptocurrency exchange is well-designed with market-leading features, tools, layout, and interface among many others to ensure that you enjoy a hassle-free trading experience.
PrimeXBT’s mobile app and website are fully optimized to suit the preferences of users. One interesting feature of this exchange is its unwavering commitment to ensuring that you advance your trading expertise. For newbies, PrimeXBT offers educational materials and courses that expose them to the pros and cons of the cryptocurrency market.
On the flip side, seasoned traders can also up their trading expertise through lectures and materials provided by experts on the PrimeXBT Academy. Also, PrimeXBT’s ever-ready customer support service is another feature that makes it a must-use platform.
Its customer service is always on standby to help users resolve any shortcomings that could limit or ameliorate their trading experience on the platform. Consequently, users have testified to how issues are quickly resolved on PrimeXBT, making it one of the most responsive exchanges in the industry.
Low Fees
To help you maximize profits, it is essential you select an exchange that charges low fees. Without a doubt, exorbitant fees can be a constraint on users, consuming a larger chunk of their trading returns. While various platforms charge users through different systems, only a few allow users to trade cheaply. Hence, you should definitely turn to PrimeXBT today to enjoy cheap trading fees.
Unlike most of its counterparts, PrimeXBT charges as low as 0.05%. As a multi-asset trading platform, PrimeXBT charges zero fees on commodities, forex, and indices trading. Both the maker and taker fee is 0.05% for all crypto markets on the platform. However, on its crypto futures, the maker fee is 0.01% and the taker fee is pegged at 0.02%. In this review, we consider the charges on PrimeXBT to be low when compared with the fees charged by other prominent trading platforms.
Is PrimeXBT Reliable and Legit?
According to various testimonies by users of PrimeXBT, the cryptocurrency exchange is legit and reliable. Notable indications from users’ feedback established how the trading platform has diligently served as a good custodian of users’ funds and assets. The testimonies attested to how the platform has done an outstanding job, shielding users’ assets and data from unauthorized access.
While exploring the site, we uncovered that it uses a two-way factor authentication mechanism provided by Google to safeguard users’ accounts. Other security tools that have been embraced by PrimeXBT include Secure Socket Layer (SSL) and Cloudflare amongst others. In addition to this, it also stores users’ assets in a cold wallet that uses multi-sig technology.
At strategic intervals, the cryptocurrency exchange carries out audits and bug tests to identify any emerging loopholes in its security system before they pose serious threats. Also, PrimeXBT has an in-house policy that mandates the whitelisting of Bitcoin addresses and full-risk examination of every trade order at the end of their execution. The strategic integration of these mechanisms, to an extent, has placed PrimeXBT on the list of reliable trading platforms in the market right now.
Meanwhile, the efficacy of the various security setups has helped quench concerns about the regulatory status of the exchange. PrimeXBT has yet to secure any recognizable regulatory license but it is nothing to worry about. Since 2018, the exchange has kept a flawless record, ensuring that its operations are in line with global best practices.
Is PrimeXBT A Secure Spot To Trade Cryptocurrency?
PrimeXBT comes highly recommended to everyone who wants to safely trade their crypto assets. Since its inception, the reputable crypto exchange has never suffered any major hacks that jeopardized customers’ funds. PrimeXBT’s unblemished record when it comes to security is no fluke. The platform ticks all the right boxes to deliver maximum security to users and their assets.
First, PrimeXBT is hosted on Amazon Web Services (AWS), a subsidiary of Amazon that is vast in providing optimal digital security. More so, since it stores the majority of funds in cold storage wallets, users can rest assured that their assets will not be vulnerable to hacks. PrimeXBT’s usage of Cloudflare technology has also helped to strengthen its security, curtailing potential DDoS attacks on the platform.
Likewise, PrimeXBT is one of the few crypto exchanges that have embraced the latest and industry-standard secure sockets layer (SSL) to protect its website traffic. To support its efforts toward achieving a fully secure trading experience, PrimeXBT introduced specific security measures that users must observe while navigating the platform. Some of these measures include the usage of strong passwords and two-factor authentication for login protection.
Above all, PrimeXBT has built a solid reputation as a secure crypto exchange, thanks to its extensive security system. Amid the alarming rate of cyber attacks greeting the crypto space, traders have now chosen the exchange as their favorite spot to manage and grow their funds. They have no doubt about PrimeXBT’s capacity to fully safeguard their assets.
To meet this expectation, the platform usually implements regular security audits and penetration testing to detect and address any potential vulnerabilities. While PrimeXBT is not licensed by any regulator yet, its operations are in line with global best practices. Hence, it is no surprise that it has garnered lots of positive reviews in recent years.
Pros & Cons
Pros
- Trusted by millions of users across 150 countries of the world.
- Supports a wide range of markets – cryptocurrencies, stocks, forex, and commodities.
- User-friendly interface.
- Optimal security.
- Low trading fees.
- No deposit fees.
- Mobile app.
- 24/7 customer support service.
- Supports both crypto and fiat options for deposits and withdrawals.
Cons
- No demo account.
- It does not accept traders from the United States.
Available Countries
PrimeXBT is available to users across 150 countries, thereby cementing its global reach. It offers excellent trading services to users from the United Kingdom, Hong Kong, Mexico, Switzerland, Turkey, Uruguay, Nigeria, Netherlands, France, Germany, Georgia, Finland, Greece, and many more.
However, PrimeXBT’s services are not available to residents of the United States of America, Canada, Cuba, Iran, Japan, North Korea, the United States Minor Outlying Islands, Cyprus, Sudan, Syria, and a few others.
User Experience
PrimeXBT boasts a platform that is fully optimized to cater to the expectations of web and mobile users. Like other innovative crypto exchanges, it provides a mobile app, featuring the same functionalities that users will find on its desktop version. With its user-friendly mobile app, PrimeXBT has become one of the best choices for those who want to trade assets on the move.
The app is compatible with Android and iOS devices and has been rated 4.6 and 4 on the App Store and Google Play respectively. Since its launch, the PrimeXBT’s mobile app has recorded more than 50,000 downloads, providing a seamless and fast pathway for users to buy their favorite crypto coins, trade more than 100 markets, and execute a wide range of order options.
Apart from providing a mobile app that mirrors the functionalities of its web version, PrimeXBT has also improved its user experience by installing a simple interface. Our review team found PrimeXBT to be among the few trading platforms with a beginner-friendly interface. The simplicity of its interface makes it easy for beginners to navigate and explore all the trading tools provided by the platform without the assistance of a third party.
In addition to this, PrimeXBT supports at least 12 different languages, bearing in mind that users come from various backgrounds around the globe. Therefore, its multilingual support has been instrumental in ensuring that everyone can navigate its platform without a barrier. More so, this prominent trading platform is compatible with many crypto coins, making it a suitable option for traders who want to diversify their portfolios.
Getting started with PrimeXBT is quite easy, fast, and straightforward as the exchange does not mandate users to fulfill KYC verification. Users of the exchange have also given positive testimonies and reviews about the efficacy of its security mechanisms. Whether you use PrimeXBT’s desktop version or mobile app, rest assured that you will have a memorable trading experience.
Customer Support
PrimeXBT’s customer support service is second to none. While navigating the site, our review team discovered that it offers a whole lot of options to provide users with quality assistance when necessary. If you encounter any technical issues while getting started with the site, you can try out its live chat or email options.
To send a mail to the team, the address to use is support@help.primexbt.com. While the live chat option is quicker in terms of responses, users who seek detailed answers to their queries are advised to use its email support.
Besides, do you know you can get the needed answers to your questions without reaching out to the team? PrimeXBT has a help center featuring comprehensive answers to questions about how to use the platform or explore its trading tools.
You can also get the latest information about the exchange through its social media handles, particularly X (formerly Twitter), Discord, Instagram, YouTube, Facebook, Telegram, and more.
How To Get Started With PrimeXBT
You can create an account with PrimeXBT and kick-start your trading adventure in less than a minute. Since the platform does not require that users fulfill any KYC requirements, the registration step is quick and easy, even for beginners. In this segment, our review team will take you through the few steps involved in creating an account, making a deposit, and withdrawing funds on PrimeXBT.
How To Create An Account
To create your PrimeXBT account, follow the steps below:
Step 1: Visit the official website of PrimeXBT through the affiliate link that has been provided in this review.
Step 2: Locate the “Register” button at the top right corner of the site.
Step 3: Insert your email address and favorite password.
Step 4: PrimeXBT will send a confirmation code to your email address. Copy the code and paste it on the page to verify your email address. You will be directed to your account.
Step 5: Activate a two-factor authentication on your account for added security.
How To Deposit Funds
Follow the steps below to deposit funds into your PrimeXBT account:
Step 1: Select a payment method. To cater to the diverse preferences of its users, PrimeXBT supports multiple payment options. You can deposit and withdraw funds in crypto coins and fiats. To buy crypto with fiat, it is mandatory that you verify your account.
Some of the supported fiat payment methods on PrimeXBT are Advcash, Perfect Money, Debit & Credit Card, and SEPA. Likewise, the exchange accepts crypto options like Bitcoin, Ethereum, USDT, and USDC for deposits. Pick the option that’s most convenient for you.
Step 2: If you want to use Perfect Money, it is expected that you provide the details of your account, select the amount of the crypto you want to buy, and preview the payment before confirming the transaction.
Step 3: Claim your $100 welcome bonus.
How To Withdraw Funds
PrimeXBT also supports both crypto and fiat options for withdrawals. To withdraw your funds from the exchange, follow the steps below:
Step 1: Click “Withdraw” on the main page of your account.
Step 2: If you want to process your withdrawals in crypto, choose any of the options that have been provided by the platform and vice versa.
Step 3: Ensure that the amount to be withdrawn is not less than the withdrawal fee. It might interest you to note that PrimeXBT charges a small amount of money as withdrawal fees.
Step 4: Confirm the transaction and wait for the withdrawal to be processed. If the withdrawal is requested before 12:00 UTC, it will be processed the same day. If otherwise, it will be processed the following day.
PrimeXBT Review – Our Verdict
PrimeXBT is now trusted by millions of traders across more than 150 countries of the world as one of the best places to trade popular cryptocurrencies, forex, stocks, foreign currencies, and commodities in one spot.
Besides featuring a host of industry-standard markets, the highly innovative broker also provides an extensive lineup of advanced trading tools like advanced charting, technical indicators, and customizable workspaces amongst others to help experienced traders maximize their investment portfolios.
That said, PrimeXBT has also become a popular choice for beginners, thanks to its easy-to-use and simple interface. Hence, beginners can always leverage any of the available trading tools on the platform to explore their favorite market without stress. Getting started with the platform is relatively easy as new users are only required to provide their email addresses and favorite passwords.
Renowned for its low trading and withdrawal fees, PrimeXBT is seeking to help users maximize their profits amid the volatility in the market. Whenever you make your first deposit on the platform, you will stand the chance to earn at least $100. Outside that, there are also a host of other bonuses and promotions on the platform, empowering traders to earn passively.
Above all, PrimeXBT is very secure and has maintained a flawless reputation since its inception in 2018. To fully explore all its innovative features, you are invited to try out PrimeXBT.
FAQs
Is PrimeXBT a safe spot to trade cryptocurrencies?
Yes, PrimeXBT is one of the most secure trading platforms in the market right now. It boasts a vast security system to ensure that traders are safe while exploring all the features and tools provided by the platform.
Does PrimeXBT accept U.S. traders?
No, PrimeXBT has yet to open its services to U.S. residents due to the regulatory confusion in the country. Nonetheless, the exchange is legally present in over 150 countries, a feat that speaks to its global reach.
How can I create my PrimeXBT account?
You can create your PrimeXBT account by visiting the platform through the affiliate link that has been provided in this guide. Locate the “Register” button at the top right corner of the page, provide your valid email address and password, verify your email address, and your PrimeXBT account will be displayed in a few seconds.
