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PrimeXBT Review

Last Updated on February 19, 2024

James Headshot
Written by
Adam Headshot
Edited by
PrimeXBT logo
4.27
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.
Visit PrimeXBT

The Bottom Line Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

PrimeXBT stands out with its wide range of assets, leveraged trading options, and a user-friendly platform that supports various trading strategies. Its commitment to security and a competitive fee structure further enhance its profile as a solid choice for anyone looking to trade in the cryptocurrency market and beyond.

Table of Contents
Disclaimer: This is not a validation of cryptocurrency or any particular provider, service, or product. It should not be taken as advice to engage in trading or use any services. Please check our terms and conditions.

Pros

  • Offers leveraged trading with high leverage options
  • Provides access to multiple markets beyond cryptocurrencies
  • Allows for anonymous trading without KYC for privacy-focused users
  • Features a user-friendly and intuitive platform interface
  • Supports copy trading, enabling users to mimic the strategies of successful traders

Cons

  • Limited selection of cryptocurrencies compared to other exchanges
  • No fiat currency deposits or withdrawals are directly supported
  • Not regulated in major financial markets
  • Customer support can be slow to respond during peak times
  • Lacks some advanced features for professional traders

Quick Summary

Headquarters Location International
Fiat Currencies Supported (through third party apps) USD, AUD, GBP, EUR + 31 others
Total Supported Cryptocurrencies 32+
Trading Fees 0.05%
Deposit Methods Bank Transfer, Debit Card, Credit Card, Cryptocurrency, AdvCash, Coinify
Support Twitter, Instagram, Live Chat, Help Center Articles, Support Ticket
Mobile App Yes - iOS, Android

PrimeXBT stands as a multi-faceted trading platform with a focus on providing traders with access to a wide variety of markets, including cryptocurrencies like Bitcoin and Ethereum, forex pairs, stock indices, and other assets. With an aim to cater to both beginners and experienced traders, PrimeXBT has established itself as a destination for those looking to dive into the world of trading.

PrimeXBT homepage

Since its inception, PrimeXBT has made considerable strides in the realm of online trading, endeavouring to satisfy the demands of a diverse clientele. This platform has evolved to serve as a nexus of trading activity, where a myriad of market opportunities are accessible.

PrimeXBT’s adaptability is reflected in its ability to integrate new features and services in response to the dynamic trading landscape. By continuously updating its offerings, the exchange maintains relevance and appeals to traders seeking a comprehensive and responsive trading environment.

About PrimeXBT

Launched in 2018, PrimeXBT is a cryptocurrency exchange that has quickly expanded its offerings to include not only crypto assets but also traditional assets such as forex and indices. Originating in Saint Vincent and the Grenadines, PrimeXBT has designed its services to provide a comprehensive suite of trading tools for its users.

PrimeXBT’s journey mirrors the rapid growth and transformative nature of the online trading industry. Over the years, the financial market has seen an uptick in digital innovations, with exchanges like PrimeXBT at the forefront of integrating traditional and crypto-assets.

PrimeXBT features

This integration reflects a broader trend of blurring lines between different asset classes, offering traders unprecedented access to a global marketplace. PrimeXBT’s roots in Saint Vincent and the Grenadines have not limited its global reach, enabling traders from various regions to engage in the financial markets.

PrimeXBT has a number of active social profiles including Twitter, Instagram, LinkedIn, Reddit, Telegram and YouTube.

PrimeXBT has a mobile app on both the Apple App Store and Google Play.

PrimeXBT Supported Cryptocurrencies

PrimeXBT supports trading on over 32 cryptocurrencies on their platform. This exchange currently supports 19 of the top 30 market cap cryptocurrencies.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether USDt (USDT)
  • BNB (BNB)
  • Solana (SOL)
  • XRP (XRP)
  • USDC (USDC)
  • Cardano (ADA)
  • Dogecoin (DOGE)
  • Avalanche (AVAX)
  • Chainlink (LINK)
  • TRON (TRX)
  • Shiba Inu (SHIB)
  • Polkadot (DOT)
  • Polygon (MATIC)
  • Toncoin (TON)
  • Bitcoin Cash (BCH)
  • Uniswap (UNI)
  • Litecoin (LTC)
  • Internet Computer (ICP)
  • Dai (DAI)
  • Ethereum Classic (ETC)
  • Cosmos (ATOM)
  • UNUS SED LEO (LEO)
  • Filecoin (FIL)
  • Immutable (IMX)
  • Aptos (APT)
  • NEAR Protocol (NEAR)
  • Stacks (STX)
  • Bittensor (TAO)

View all cryptocurrencies PrimeXBT supports

  • ADA
  • ALGO
  • ATOM
  • AVAX
  • AXS
  • BNB
  • BTC
  • DOGE
  • DOT
  • EGLD
  • EOS
  • ETH
  • FIL
  • FTM
  • ICP
  • KLAY
  • LINK
  • LTC
  • MANA
  • MATIC
  • NEAR
  • SAND
  • SOL
  • THETA
  • TRX
  • UNI
  • USDT
  • VET
  • XLM
  • XMR
  • XRP
  • XTZ

Trading Experience

PrimeXBT provides a rich trading experience with an intuitive interface that includes an array of charting and drawing tools for in-depth technical analysis. The platform offers a vast array of trading pairs, including popular cryptocurrencies and forex pairs, and a leveraged trading option that adds a level of sophistication to the trading experience.

The trading experience on PrimeXBT is crafted to meet the expectations of traders who demand efficiency, depth, and flexibility. With a trading interface that accommodates a plethora of trading pairs and advanced trading tools, users can tailor their trading strategies with precision.

The availability of crypto margin trading, including options for isolated margin trades, adds a layer of sophistication for those looking to employ complex strategies. Additionally, the trading history feature allows users to review and refine their trading approaches over time, fostering a learning-oriented environment.

PrimeXBT exchange marketing

PrimeXBT Fees

PrimeXBT employs a competitive fee structure that is designed to cater to the needs of volume traders. While specifics can vary, the exchange typically charges a fee based on the trade’s value.

There are also considerations for overnight financing on leveraged positions, which users should take into account.

The fee structure at PrimeXBT is curated to align with the expectations and behaviours of modern traders. By focusing on a relative fee model, the platform ensures that both high-volume and casual traders find the fees manageable within their trading strategies.

The absence of deposit fees and the nuanced approach to leverage and overnight financing are indicative of the platform’s commitment to providing a cost-effective trading environment. This fee policy is instrumental in empowering traders to make decisions that are not overly influenced by cost concerns.

Type Fee
Deposit Fee (Bank Transfer) 2%
Deposit Fee (Credit/Debit Card) 3.50% - 3.70%
Trading Fee 0.05%
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 compared to the industry average of 0.000075 BTC. So PrimeXBT has a fee that is above the industry average by 566.67%.

Security - Is PrimeXBT Safe?

Security is paramount at PrimeXBT, with a multi-layered approach that includes cold storage for the bulk of users’ funds, alongside other mechanisms designed to protect personal funds and data. Regular security audits and user risk checks are part of the commitment to maintaining a secure trading environment.

Diving deeper into the multi-layered security apparatus at PrimeXBT, it becomes evident that the exchange is not complacent in its efforts to safeguard assets and data. Regular security audits are a testament to the proactive measures taken to identify and rectify potential vulnerabilities.

Moreover, the risk check protocol enhances user protection by continuously monitoring for suspicious activity. These efforts underscore the exchange’s dedication to creating a fortress-like environment where users can trade with peace of mind.

PrimeXBT Customer Support

Customer support at PrimeXBT is dedicated to assisting users with any issues they may face. Support channels include live chat and email, ensuring that users can get assistance promptly when they need it.

In the sphere of customer support, PrimeXBT understands the criticality of timely and effective assistance. Beyond the immediacy of live chat and email support, the exchange extends its user care through educational resources and a detailed review system.

This multi-channel approach ensures that users receive not only reactive support in response to issues but also proactive guidance to enhance their trading proficiency. Such comprehensive customer care fosters a supportive trading community and reinforces the exchange’s commitment to user satisfaction.

PrimeXBT support

PrimeXBT Support Channels

  • Facebook
  • Twitter
  • Instagram
  • Live Chat
  • Help Center Articles
  • Support Ticket

How to Sign Up on PrimeXBT

  1. 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.
  2. Verify Account - Confirm your email, you should get an email asking you to verify your account creation.
  3. Transferring Funds - Once your account has been verified, you can deposit using the methods listed below. Note that this exchange only supports depositing fiat currencies through third party apps it supports.
  4. Start Trading Crypto - That's it! You should now have everything in place to start trading.

Deposit Methods

  • Bank Transfer
  • Debit Card
  • Credit Card
  • Cryptocurrency
  • Paypal
  • Apple Pay
  • Google Pay
  • AdvCash
  • Coinify

PrimeXBT Alternatives

Binance logo

Binance

3.27
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
359+

Trading Fees
0.10%

Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 78 others

Visit Binance
Kraken logo

Kraken

3.67
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
233+

Trading Fees
0.06% - 0.16%

Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR + 1 other

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OKX logo

OKX

3.75
Crypto Head Rating
Our review is based on the spot trading platform. Please check our methodology on how we rate exchanges for further information.

Total Supported Cryptocurrencies
332+

Trading Fees
0.06% - 0.10%

Fiat Currencies Supported
USD, AUD, GBP, CAD, EUR, NZD + 85 others

Visit OKX

Final Thoughts

Considering its broad range of assets, advanced trading features, and user-friendly interface, PrimeXBT positions itself as a robust platform suitable for traders with varying degrees of experience. It combines a diverse set of trading tools with a straightforward approach to trading.

PrimeXBT FAQs

PrimeXBT is a cryptocurrency exchange that offers trading across various asset classes including crypto assets, forex pairs, stock indices, and commodities. For security, PrimeXBT employs measures such as cold storage for the majority of digital assets to protect user funds from online threats.

It operates from Saint Vincent and the Grenadines, and its security protocols are designed with the safety of trader’s assets in mind. Users should always consider the inherent risks associated with leveraged trading and ensure that they use risk management practices suitable for leveraged trading on the cryptocurrency market.

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; thus, it is best to check the most current information directly on their website or user interface. It’s important to note that withdrawal policies may also include factors such as network fees associated with the transfer of cryptographic assets like Bitcoin.

PrimeXBT has been known for not requiring extensive Know Your Customer (KYC) procedures for its users, which means that traders can often withdraw funds without the need to go through 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 type of assets being transferred. Typically, withdrawals are processed within a day, but it is always recommended to check the platform for the most up-to-date time frames concerning withdrawals.

To deposit money into PrimeXBT, users will need to navigate to the deposit section within their account on the PrimeXBT platform. 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 in several popular cryptocurrencies. Users should be aware of any deposit fees and the minimum deposit requirements specified by PrimeXBT.

PrimeXBT charges trading fees for forex trading. The specific fee structure can vary depending on the forex pair being traded and market conditions.

To understand the exact fees, users should consult the ‘Trading Conditions’ section on the PrimeXBT website where fees are laid out in detail.

On PrimeXBT, margin impacts how much leverage a trader can use, with the platform offering leverage up to 100x on certain trading pairs. This can increase both potential profits and risks, as margin trading amplifies the impact of market movements on trading capital.

It is crucial for traders to understand how margin trading works and to use it within their own risk tolerance levels.

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 referral 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

5.0 out of 5.0

2 reviews

5 Stars: 100%
4 Stars: 0%
3 Stars: 0%
2 Stars: 0%
1 Star: 0%

Showing 2 of 2 Reviews

Vuu Hoang (Viet Nam) 1 week 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) 2 weeks 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 Headshot
Written by

Crypto Technical Writer

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.

Check James out on:
Adam Headshot
Edited by

Co-Founder / Managing Editor

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.

Check Adam out on: