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PrimeXBT Review

Last Updated on June 12, 2024

James Headshot
Written by
Adam Headshot
Edited by
PrimeXBT logo
3.81
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 variety of assets and trading options, its leveraged trading options, user-friendly platform that enables various trading strategies, security commitment, and its competitive fee structure – qualities which all combine to make PrimeXBT an excellent choice for traders in both cryptocurrency markets 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 35+
Trading Fees 0.01% - 0.02%
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 an all-encompassing trading platform with the goal of offering traders access to various markets, such as Bitcoin and Ethereum cryptocurrencies, forex pairs, stock indices, and other assets. Catering both novice and experienced traders alike, PrimeXBT has quickly established itself as an ideal place for traders wanting to enter the realm of trading.

PrimeXBT homepage

PrimeXBT has made significant strides since its establishment, expanding online trading options and satisfying a broad clientele. Over time, this platform has evolved into an essential hub of trading activity where an array of market opportunities is accessible.

PrimeXBT’s versatility can be seen through its ability to integrate new features and services that respond to a changing trading landscape. By continuously adding to its offerings, the exchange remains relevant and appealing to traders searching for an inclusive trading environment.

About PrimeXBT

Launched in 2018, PrimeXBT is a cryptocurrency exchange that has quickly expanded its offering beyond crypto assets to traditional assets such as forex and indices. Based in Saint Vincent and the Grenadines, its services aim to offer users a complete suite of trading tools.

PrimeXBT’s growth mirrors that of online trading as an industry. Over time, financial markets have witnessed an explosion of digital innovations; PrimeXBT is at the forefront of connecting traditional assets and crypto assets together in one platform.

PrimeXBT features

Integration between asset classes reflects a wider trend toward blurring lines between them, providing traders access to global marketplaces. PrimeXBT’s roots in Saint Vincent and the Grenadines do not restrict its global reach allowing traders from various regions to participate in 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 35 cryptocurrencies on their platform. This exchange currently supports 18 of the top 30 market cap cryptocurrencies.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether USDt (USDT)
  • BNB (BNB)
  • Solana (SOL)
  • USDC (USDC)
  • XRP (XRP)
  • Dogecoin (DOGE)
  • Toncoin (TON)
  • Cardano (ADA)
  • Shiba Inu (SHIB)
  • Avalanche (AVAX)
  • TRON (TRX)
  • Polkadot (DOT)
  • Chainlink (LINK)
  • Bitcoin Cash (BCH)
  • Uniswap (UNI)
  • NEAR Protocol (NEAR)
  • Polygon (MATIC)
  • Litecoin (LTC)
  • UNUS SED LEO (LEO)
  • Dai (DAI)
  • Pepe (PEPE)
  • Internet Computer (ICP)
  • Ethereum Classic (ETC)
  • Kaspa (KAS)
  • Aptos (APT)
  • Monero (XMR)
  • Render (RNDR)
  • Hedera (HBAR)

Download full list of cryptocurrencies PrimeXBT supports

Trading Experience

PrimeXBT offers an unparalleled trading experience through an intuitive interface featuring charting and drawing tools for in-depth technical analysis. Furthermore, this platform features an expansive selection of trading pairs including popular cryptocurrencies and forex pairs; additionally there is also a leveraged trading option to further elevate the experience.

PrimeXBT was designed to satisfy the expectations of traders who value efficiency, depth and flexibility when it comes to trading experience. Boasting an expansive trading interface containing numerous trading pairs and advanced tools for precision strategy development.

Crypto margin trading provides users with a rich trading environment for complex strategies. Furthermore, trading history features allow them to review and refine their trading approaches over time for maximum learning benefit.

PrimeXBT exchange marketing

PrimeXBT Fees

PrimeXBT provides an innovative fee structure designed to meet the needs of volume traders. While individual trade fees may differ depending on its value, typically PrimeXBT charges a transaction fee based on trade’s dollar volume.

Users should take note that there are considerations when overnight financing leveraged positions, which they should keep in mind.

PrimeXBT’s fee structure is tailored to reflect the expectations and behaviors of modern traders, focusing on an affordable fee model that ensures both high-volume traders and casual ones find its fees manageable within their trading strategies.

This platform’s cost-efficient trading environment is evidenced by its lack of deposit fees and flexible approach to leverage and overnight financing; these features enable traders to make decisions uninfluenced by cost factors.

Type Fee
Deposit Fee (Bank Transfer) 2%
Deposit Fee (Credit/Debit Card) 3.50% - 3.70%
Trading Fee 0.01% - 0.02%
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 0.000415 BTC. This means PrimeXBT charges above the industry average by 20.36%. 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?

Security at PrimeXBT is of utmost importance. A multi-layered approach has been adopted that includes cold storage for users’ funds as well as various mechanisms aimed at safeguarding personal funds and data. Regular audits and user risk checks ensure a safe trading environment.

As one explores PrimeXBT’s multilayered security apparatus, it becomes evident that no measures have been spared in protecting assets and data. Regular security audits demonstrate this commitment by showing proactive measures taken to identify and eliminate vulnerabilities.

Risk Check Protocol Enhances user protection by continuously monitoring for suspicious activity, further showing an exchange’s commitment to creating a fortress-like environment where users can trade with confidence.

PrimeXBT Customer Support

PrimeXBT customer support staff are dedicated to assisting users with any issues they encounter, whether live chat or email support, ensuring prompt help when needed.

PrimeXBT understands the significance of timely and efficient customer support services, beyond live chat and email support, such as educational materials and a review system.

This multi-channel approach ensures users receive not only reactive support in response to issues but also proactive guidance designed to enhance their trading proficiency. Such comprehensive customer care fosters an inclusive trading community while attesting to an 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

3.23
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
394+

Trading Fees
0.10%

Fiat Currencies Supported
USD, GBP, CAD, EUR, NZD + 75 others

Visit Binance
Kraken logo

Kraken

3.44
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
253+

Trading Fees
0.08% - 0.40%

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

Visit Kraken
OKX logo

OKX

3.57
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
365+

Trading Fees
0.08% - 0.10%

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

Visit OKX

Final Thoughts

PrimeXBT stands out among trading platforms with its wide array of assets, advanced trading features, and user-friendly interface. With its comprehensive set of trading tools and straightforward approach to trading, PrimeXBT makes itself suitable for traders with all levels of experience.

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

4.8 out of 5.0

5 reviews

5 Stars: 80%
4 Stars: 20%
3 Stars: 0%
2 Stars: 0%
1 Star: 0%

Showing 5 of 5 Reviews

Orlando Narzecian (Argentina) 4 days ago

web based trading platform

it works fine, no glitches in the crucial moments. UI is not optimal

Erick Carvalho (Brazil) 3 months ago

Multifunctional multi asset platform

It's really excellent platform. And I'm happy to trade here

Sergio Mendez (Argentina) 3 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) 3 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) 4 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 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: