PrimeXBT (Crypto Margin) Review

Founded in 2018, PrimeXBT is a leading crypto margin trading platform offering leverage up to 100:1. It provides access to over 80 financial assets, including cryptocurrencies, Forex, commodities, and stock indices. PrimeXBT serves traders from more than 150 countries worldwide.

PRIMEXBT REVIEW AT A GLANCE

■ TYPE: CRYPTO MARGIN TRADING

■ WALLET: YES {OFFLINE STORAGE SYSTEM}

■ HEADQUARTERS: SAINT VINCENT AND GRENADINES

■ ONLINE SINCE: 2018

■ CUSTOMER SERVICE: TICKET | EMAIL | LIVE CHAT

■ LANGUAGES: ENGLISH & 15 MORE LANGUAGES (WEBSITE)

 

INTRODUCTION TO THE PRIMEXBT EXCHANGE

Operating since 2018, PrimeXBT offers a versatile and customizable trading platform with access to a broad asset index, including cryptocurrencies, over 50 Forex pairs, gold, energy commodities, and numerous stock indices. As a margin trading exchange, it provides leverage up to 100:1. However, due to the high volatility of cryptocurrency markets, it is generally advised to use leverage cautiously or avoid it altogether when trading crypto assets.

There are two companies involved in the operations of the broker:

• PrimeXBT Trading Services LLC St. Vincent and the Grenadines company nr. 222LLC2019
• Prime Technology Ltd. Seychelles company nr. 217308

■ SUPPORTED COUNTRIES: 150 COUNTRIES

■ NUMBER OF EMPLOYEES: 75+

► Visit the PrimeXBT Exchange

 

PRIMEXBT FUND METHODS AND FEES

PrimeXBT Supports:

□ BITCOIN

• For the time, PrimeXBT only accepts bitcoin deposits
• The minimum deposit is .001 BTC
• Withdrawals are easy and also supporting only BTC

 

PRIMEXBT TRADING FEES

□ 0.05% basic fee for all cryptocurrencies

 

Overnight Funding Rates (Common for Long/Short Positions)

□ BTC (0.04166% Daily Funding Rate)

□ ETH (0.05555% Daily Funding Rate)

□ LTC (0.06944% Daily Funding Rate)

□ EOS (0.075% Daily Funding Rate)

□ XRP (0.0833% Daily Funding Rate)

 

 

PRIMEXBT CRYPTO ASSET INDEX

□ BITCOIN (BTC)

□ ETHEREUM (ETH)

□ RIPPLE (XPR)

□ LITECOIN (LTC)

□ EOS (EOS)

OTHER ASSET CLASSES

□ Forex (Over 50 Forex pairs)

□ Commodities (Gold, Brent, Crude, Natural Gas)

□ Stock Indices (S&P500, US100, DAX, NIKKEI, HANG SENG, ASX200, and many more stock indices)

► Visit PrimeXBT Crypto Exchange

PRIMEXBT PLATFORM AND TECHNOLOGY

The PRIMEXBT platform is a multi-featured platform offering many different asset classes.

• Over $500 million average trading volume per day
• 12+ integrated liquidity providers
• 12,000 executed orders per second
• 7.12 ms average order execution speed
• Powered by Amazon AWS

• A fully customizable workspace
• Intuitive visualization of market data
• A full set of trading tools
• Manage orders directly from integrated charts
• Select among 50 technical indicators to analyze trends

Available Trading Orders

□ Market Orders

□ Limit Orders

□ Stop-Limit

□ OCO (Once-Cancels-the-Other)

 

PrimeXBT Turbo

The 'PrimeXBT Turbo' is a second platform that is designed to trade binary options. We recommend staying away from binary options as this trading instrument is extremely risky and the odds of trading are significantly against the traders.

• Bitcoin, Gold, S&P500, Oil, and EUR/USD
• Better avoid binary options trading

 

POSITIVES OF PRIMEXBT REVIEW

(√) Large exchange with over $500 million average trading volume per day

(√) Multi-featured platform (offering also leverage-trading)

(√) Multiple asset classes are available for trading (Crypto, Forex, commodities, stock indices)

(√) Easy registration

(√) A trading bonus is optional too

(√) Full set of trading orders (Protection order and OCO as well)

(√) Invested in security (Cold storage. 2FA, and hardware security modules with a rating of FIPS PUB 140-2 Level 3 or higher)

(√) 24/7 responsive customer support (open ticket, plus live chat with email support)

 

NEGATIVES OF PRIMEXBT REVIEW

(x) A limited number of cryptocurrency pairs

(x) For the time, PrimeXBT only accepts bitcoin deposits

(x) Headquarters in Saint Vincent, not many years in the market

(x) Trading leverage can be very risky in such a volatile market

 

 

PRIMEXBT REVIEW CONCLUSIONS

PrimeXBT is a leading crypto margin trading platform supported by over 12 liquidity providers and averaging $500 million in daily trading volume. It offers access to more than 80 financial assets, including cryptocurrencies, Forex pairs, and stock indices. The platform is advanced and highly customizable, featuring a comprehensive set of order types—including OCO (One-Cancels-the-Other)—and leverage up to 100:1. Account registration is straightforward; however, currently, PrimeXBT accepts deposits only in Bitcoin (BTC).

 

■ PrimeXBT Review

ExpertSignal.com