Pros
Cons
Quick Summary
| Headquarters Location | International |
|---|---|
| Fiat Currencies Supported | USD, AUD, GBP, CAD, EUR, NZD + 4 others (some through third party apps) |
| Total Supported Cryptocurrencies | 4+ |
| Trading Fees | 0% |
| Deposit Methods | Credit Card, Baksta |
| Support | Facebook, Twitter, Instagram, Live Chat, Help Center Articles, Support Ticket |
| Mobile App | Yes - iOS, Android |
Established in 2018, PrimeXBT has rapidly become a popular exchange in the global markets. It has over a million users from across 150 countries. It offers various financial instruments and crypto assets accessible via a single interface.
What sets PrimeXBT apart is its custom-made trading environments and a selection of trading pairs. Its mission aims to increase trading experience across all skill levels.
About PrimeXBT
The PrimeXBT crypto exchange provides an opportunistic environment like other well-known crypto exchanges. The platform supports future trading endeavors and offers leveraged trading options.
PrimeXBT has a number of active social profiles including Facebook, Twitter, Instagram, LinkedIn, Discord, Reddit, Telegram and TikTok.
PrimeXBT has a mobile app on both the Apple App Store and Google Play.
PrimeXBT Supported Cryptocurrencies
PrimeXBT supports trading on over 4 cryptocurrencies on their platform. This exchange currently supports 4 of the top 30 market cap cryptocurrencies.
Download full list of cryptocurrencies PrimeXBT supports
Trading Experience
PrimeXBT offers a unique crypto trading experience, showcasing this through a broad selection of assets available to traders. It provides access to cryptocurrency-fiat pairs such as BTC/USD and extends to key Forex pairings and worldwide CFD Indices.
PrimeXBT’s trading platform has a versatile trading environment that allows even those new to trading to operate it confidently. It organizes essential sections like account management, market analytics, and trade execution tools within easy reach.
Customization and Tools
PrimeXBT’s commitment to customization makes enhancing your trading experience simple. Traders can access a collection of advanced technical analysis tools from TradingView, allowing them to customize their workspaces and analyze market details with various indicators and charting options.
Order Types & Execution
PrimeXBT’s trading platform offers various order options and supports multiple trading strategies to enable precise and efficient trade executions. Users can precisely time their market entries and exits, establish stop-losses, implement trailing stop orders to safeguard accumulated profits, execute limit orders to transact at designated prices and utilize market orders for immediate execution.
PrimeXBT Mobile Trading: On-the-Go Access
The PrimeXBT mobile application is designed to accommodate traders who are either on the go or favor mobile device accessibility. Users’ collective feedback indicates a mix of admiration for its user-friendly interface and reservations due to occasional technical hiccups.
Accessible on iOS and Android devices, the PrimeXBIT app replicates the main trading platform’s features to offer a consistent and efficient trading experience even on mobile. Although the mobile app has received varying critiques, its user interface is often praised and continues to establish it as a preferred choice for numerous cryptocurrency traders.
PrimeXBT Fees
PrimeXBT maintains a competitive fee structure, allowing traders to take advantage of trading opportunities with the assurance that there are no concealed charges. Committed to transparency about all potential trading costs, the PrimeXBT team guarantees that traders understand each aspect of possible expenses.
Fee Structure
PrimeXBT simplifies its fee structure by offering a transparent trading fee on the BTC/USD market. The costs may vary based on the transaction network chosen, enabling traders to compute their expenses and easily organize their trades.
Financing Costs
Managing a trading account on PrimeXBT means being mindful of the costs of financing leveraged trades. Traders should be alert to various overnight financing fees that apply to their leveraged holdings, ensuring they have adequate margins in their accounts to fend off any unwanted charges as positions transition into the next trading day.
| Type | Fee |
|---|---|
| Deposit Fee (Credit Card) | Not Listed |
| Trading Fee | 0% |
| Withdrawal Fee (Bank Transfer) | Not Listed |
PrimeXBT supports a range of different cryptocurrencies with varying withdrawal fees. When looking at Bitcoin, their withdrawal fee is 0.0005 BTC. The average across all other exchanges that we've reviewed is 0.000378 BTC. This means PrimeXBT charges above the industry average by 32.25%. This is worth noting because it likely means they are also charging higher fees and spreads across all cryptocurrencies on their platform.
Security - Is PrimeXBT Safe?
PrimeXBT highly emphasizes security. It implements cybersecurity protocols to ensure a secure trading environment and uses Cloudflare’s advanced technology against DDoS attacks. The storage of most user funds in cold storage emphasizes PrimeXBT’s commitment to protecting assets from internet-based risks. The company’s other security measures include allowlisting addresses and using multi-signature technology.
The platform clearly emphasizes safeguarding user accounts and protecting assets. It strongly recommends employing two-factor authentication, with a preference for Google’s 2FA app, as a defense against security threats such as SIM-swap attacks.
To enhance account protection even more, the platform advises users to maintain operational security practices, including preserving anonymity and being cautious about revealing personal information.
PrimeXBT Customer Support
PrimeXBT is praised for its commitment to exceptional customer support. The support team is ready around the clock, seven days a week, providing help in various languages. Users often highlight the swift response from customer service, though response times can fluctuate when market activity peaks.
With PrimeXBT, reaching the customer support team is easy and convenient. Users can quickly contact them via email or the live chat service on their platform. Whether it’s a simple inquiry or an intricate problem, just a single message is all it takes to get assistance from the support team.
PrimeXBT Support Channels
Deposits and Withdrawals on PrimeXBT
PrimeXBT offers its users several deposit and withdrawal options. It permits account funding through various cryptocurrencies without imposing any fees on deposits. The platform also facilitates fiat or cryptocurrency withdrawals, offering users flexibility.
Funding Your Account
Support for direct crypto deposits and a Buy Crypto module for converting fiat to cryptocurrency using multiple payment methods make funding a trading account on PrimeXBT easy.
Withdrawing Your Fiat and Cryptocurrencies
The process of withdrawing funds from PrimeXBTÂ remains straightforward, enhanced with the security measure of email confirmations for cryptocurrency transactions. Services such as Advcash facilitate withdrawals in fiat currency, ensuring ease and safety for users managing their assets.
Enhancing Your Trading Journey with PrimeXBT
PrimeXBT goes beyond merely offering fundamental trading capabilities; it elevates the overall trading experience by organizing competitive events and providing referral incentives. Such initiatives promote active trading, foster a sense of community involvement, and reward users for spreading the word about their successes via the platform’s referral scheme.
On the PrimeXBT exchange, the spirit of competition thrives as traders are drawn into trading contests. These challenges, which can be entered via a particular page on the platform, allow traders to prove their skills and compete for considerable rewards.
The Affiliate program at PrimeXBT provides a profitable opportunity for individuals who enjoy disseminating their trading journeys and drawing new users to the service. It presents an avenue to earn money through profit sharing and additional rewards for every client they refer.
How to Sign Up on PrimeXBT
- Create Account - Visit the PrimeXBT website and fill out the create account form. You'll need to include a valid email, set your password and type in other details like your phone number and name.
- Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
- Transferring Funds - Once your account has been verified, you can deposit using the deposit methods listed below, including some options through third party apps.
- Start Trading Crypto - That's it! You should now have everything in place to start trading.
Deposit Methods
PrimeXBT Alternatives
Binance
Total Supported Cryptocurrencies
391+
Trading Fees
0.10%
Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 75 others
Kraken
Total Supported Cryptocurrencies
282+
Trading Fees
0.08% - 0.40%
Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR + 1 other
OKX
Total Supported Cryptocurrencies
333+
Trading Fees
-0.005% - 0.10%
Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR, NZD + 85 others
Final Thoughts
We’ve witnessed a platform where efficiency and diversity meet to provide a rich trading experience for users of all levels.
With a user-friendly interface, strong security measures, competitive fee structures, and an array of assets to trade, PrimeXBT stands out as a powerful crypto exchange platform for seasoned and novice traders.
PrimeXBT FAQs
For security, PrimeXBT employs measures such as cold storage for most digital assets to protect user funds from online threats. Its security protocols are designed with the safety of the trader’s assets in mind.
When evaluating an exchange like PrimeXBT, traders often look at user reviews, the exchange’s track record, and the security audit of its trading platform.
The minimum withdrawal amount from PrimeXBT can change; therefore, it’s best to check the most current information directly on their website. It’s important to note that withdrawal policies may also include factors such as network fees associated with transferring cryptographic assets like Bitcoin.
PrimeXBT has been known for not requiring Know Your Customer (KYC) procedures for its users, meaning traders can often withdraw funds without needing an identity verification process. However, this can be subject to change, and users should verify the current requirements on PrimeXBT’s platform.
Withdrawal times on PrimeXBT may vary depending on network conditions and the transferred asset type. Typically, withdrawals are processed within a day, but checking the platform for the most up-to-date time frames concerning withdrawals is always recommended.
To deposit money into PrimeXBT, users must go to the deposit section in their account. Depending on your region, there may be options to deposit funds using a bank card, bank transfer, or cryptocurrency transfer from a private wallet. Deposits can be made using several popular cryptocurrencies.
PrimeXBT may offer deposit bonuses from time to time. These bonuses can vary, so users should check the current promotions on PrimeXBT’s official website or through their trading service interfaces to find out what bonuses are currently available.
Referral codes and links can also be part of the platform’s attractive referral program, offering bonuses to both the referrer and the referred users.
PrimeXBT User Reviews
4.9 out of 5.0
7 reviews
Showing 7 of 7 Reviews
Mateo Castillo (Mexico) 1 month ago
Easy to learn
Unlike some other trading platforms, PrimeXBT’s trading terminal is easy to learn and get comfortable trading with. Even for beginners like me. Also, there are no minimum deposit requirements, but if you deposit at least $500 you are eligible for bonuses 😀
Aitor Juan (Mexico) 2 months ago
It is convenient to make transactions
It is convenient to make transactions through cryptos and mainly I transfer bucks via USDT from MetaMask wallet. I didn’t have problems during these processes.
Orlando Narzecian (Argentina) 3 months ago
web based trading platform
it works fine, no glitches in the crucial moments. UI is not optimal
Erick Carvalho (Brazil) 6 months ago
Multifunctional multi asset platform
It's really excellent platform. And I'm happy to trade here
Sergio Mendez (Argentina) 6 months ago
Keep it up
This is one of the most cost-efficient platforms from all aspects, I mean whatever assets you are used to trade, you will get tasty conditions as the broker doesn't strive to rip you off.
Vuu Hoang (Viet Nam) 7 months ago
I am just thrilled
I'm thrilled about the infrastructure here! It's a truly innovative trading platform with a nice kit of assets, possibility to copy trades and plunge into cryptotrading headlong.
Parama Aromdee (Thailand) 7 months ago
Execution
Order execution on this platform is excellent. No slippage or requotes. Each of my orders is opened clearly and quickly.
Methodology
At Crypto Head we use a rigorous research and rating process to assess each platform. Our star rating system is out of 5 stars and is designed to condense a large amount of information into an easy-to-understand format. You can read our full methodology and rating system for more details.
About The Authors
James Page, previously the lead writer at Crypto Head and a registered psychologist, brings a unique perspective to the world of blockchain and cryptocurrency.
His extensive experience in the industry and ability to present complex concepts in an understandable manner make his articles a valuable resource for readers seeking to navigate the ever-evolving crypto landscape.
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Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.
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