primexbt

PrimeXBT is an award-winning cryptocurrency trading platform that allows you to trade global markets including Crypto, Commodities, Indices, and Forex.

Key Features:

Up to 100x leverage on crypto
Trade global markets with Bitcoin
Copy-trade the best performing traders
Competitive trading fee of 0.5% per trade
50% affiliate program for referring new users

PrimeXBT is an award-winning cryptocurrency trading platform that allows you to trade global markets including Crypto, Commodities, Indices, and Forex.

Prime XBT is a Bitcoin-based derivatives trading exchange that allows you to trade cryptocurrencies and traditional financial instruments such as Forex, S&P 500 and Nasdaq composite indices, commodities like crude oil and natural gas, and more from a single account.

Despite the variety of choices, Prime XBT is extremely simple to use, as even a mere beginner can open an account and load it with Bitcoin (BTC) in minutes.

The platform allows up to 100x crypto leverage trading and up to 1000x leverage for Forex trades. The platform is available to traders from more than 150 countries worldwide.

About PrimeXBT

Prime XBT was founded and registered in Seychelles in 2018 under the holding company name Prime XBT trading services (148707).
However, the platform didn’t launch its trading services until early 2019.

Later in 2019, Prime XBT also opened an office in St. Vincent & The Grenadines and moved its domain and trading infrastructure to the so-called world’s capital of cryptocurrency – Switzerland.

At the moment, the company claims to process approximately USD 545 million per day on average, and it is said to employ over 40 staff members in 3 offices.

PrimeXBT Covesting module

Covesting allows traders to set up and manage trading strategies. It shows a pool of trader’s assets visible to the public and can be copied by others.

This provides an opportunity for both experienced successful traders and followers to boost each other’s profit potential. After the platform upgrade, you can now create a strategy or follow traders using USDC, USDT, and other currencies.

This module is provided by Covesting, a fully licensed DLT services provider. Covesting was one of the first to receive a DLT license in Gibraltar, along with Huobi, Etoro, and CEX.

PrimeXBT Turbo

Turbo is the latest addition to the PrimeXBT platform. It allows users to bet on the price action of multiple assets within short timeframes.
As such, you can earn up to 90% our your bet by predicting the price change within 30 seconds, 1 minute, or 5 minutes. However, if you’re wrong, you will lose your invested amount.

Every asset on the Turbo module has its own payout ratio and contract durations.

Besides, Turbo gives you a free 1 Bitcoin demo account, so you can try it out without risking any funds. In case you decide to give it a shot with real money, be aware that this product involves a high risk of quick capital loss.

Customer support

In case you have any questions about the Prime XBT platform or trading, you can use its FAQ section to find answers.

Other than that, the platform has a customer support chat and a support email. Both of these support channels are open for messages 24/7.

Deposit and Withdrawal methods

The minimum deposit on the Prime XBT exchange is 0.001 BTC. If you decide to use leverage, it will allow you to open up to 0.1 BTC worth of positions. Alternatively, you can deposit and withdraw Ethereum (ETH), Tether USD (USDT, ERC-20), USD Coin (USDC, ERC-20), and Covesting (COV) coins.

Concerning withdrawals, there are no limits, but the amount should be higher than the pre-set bitcoin network transaction fee of 0.0005 BTC. ETH withdrawal fee is 0.01 ETH, USDT withdrawal will cost you 20 USDT, USDC withdrawal is 18 USDC, while COV withdrawals incur a 5 COV fee.

Prime XBT processes withdrawals only once a day, somewhere between 12:00 and 14:00 UTC. As per the company’s website, any withdrawal requested before 12:00 UTC will be processed on the same day, but withdrawals requested after 12:00 UTC will be processed the next day only.

How to sign up and start trading on PrimeXBT

Registering an account to start trading on Prime XBT takes just a few minutes. Here’s what you need to go through:

Registration form. Sign up with your email, confirm it, and log in onto the platform.
Fund your account. Deposit your bitcoins directly to the platform. If you don’t have any yet, you can buy it with your credit or via Coinmama.com.
Start trading. That’s it! You can trade cryptocurrency, Forex, commodities, and other indices with up to 1000x leverage.

PrimeXBT Fees

n terms of fees, Prime XBT is on the lower end of exchanges. The platform does not charge any deposit fees, but any withdrawal will cost you 0.0005 BTC – a standard fee to cover your Bitcoin transaction cost. In contrast, BitMEX, other popular Bitcoin derivatives exchange also says to charge only a small fee to cover BTC transaction cost, but it has been observed to charge people approx. 0.001 BTC which is not much but as twice as expensive.

Up to 100x leverage on crypto

Trade global markets with Bitcoin

Copy-trade the best performing traders

Competitive trading fee of 0.5% per trade

50% affiliate program for referring new users

PrimeXBT not only trade Bitcoin but also S&P 500, Gold, EURUSD and 50+ assets.

Bitcoin-based platform

Prime XBT lets you deposit and use multiple trading accounts using bitcoin (BTC), ether (ETH), tether USD (USDT), USD Coin (USDC), but all trades on the platform are denominated in BTC.

Ability to trade traditional assets as well as cryptocurrencies.
rade bitcoin, ether, litecoin, EOS, and XRP with up to 100x leverage along with top stocks, commodities and Forex with up to 1000x leverage. The platform supports more than 50 assets from both crypto and traditional worlds.

Powerful and well-designed platform with customizable widgets

It comes with more than 12 integrated liquidity providers, which is capable of executing up to 12,000 orders per second and makes sure that the average order is executed in less than 7.12 ms.

Covesting module.

Prime XBT integrates directly with another crypto social trading platform Covesting, which allows you to track and automatically copy the actions of expert traders.

Low fees platform.

Prime XBT is extremely transparent when it comes to fees and guarantees some of the lowest fees out there.

Privacy

Prime XBT is a pro-privacy platform, which means that there are no mandatory KYC (know your customer) checks before you can start trading. Nevertheless, the platform has partnerships with various anti-money laundering (AML) service providers.

All in all, Prime XBT is an ambitious player in the margin trading sphere. It is likely to continue expanding its loyal user base and become a premier destination for both new and experienced margin traders, considering its user-oriented focus, convenience, and ever-growing lineup of innovative features.

Conclusion

Prime XBT is a rising star in the derivatives trading niche. The platform stands out by taking a clear stance against forced anti-privacy regulations, which is a massive plus for privacy enthusiasts.

Prime XBT’s trading platform is tailored for both experienced users as well as beginners and provides a clutter-free experience despite its many advanced features.

Making use of smart integrations like Covesting is a smart and open approach to enhance the platform’s functionality outside of its default domain and makes up a wholesome trading experience.

All in all, a relatively new Prime XBT is already proving to be a serious player in the crypto trading industry.