Overall Verdict
PrimeXBT is a secure and reliable trading platform that offers traders an opportunity to trade with leverage, diversify their portfolios, and enjoy low trading fees. The platform offers a range of asset classes, including forex, cryptos, commodities, and indices, and supports fiat purchases of cryptocurrencies.
Pros/Advantages
- Strong Security Features: 2FA, cold wallets, and last login log.
- Multi-Product & Asset Class Platform: Trade with leverage, and a diversified portfolio.
- Low Fees: Competitively low trading fees.
- Simple Registration: Quick and easy sign-up process.
- Fiat Purchases: Buy crypto with credit/debit cards and SEPA transfers.
- Customer Support: Responsive live chat support.
- Copy-Trading: Follow experienced traders and improve trading strategies.
Cons
- No Demo Account: Currently, no demo account is available.
- Limited Crypto Selection: Limited crypto options are available for trading.
In recent years, the popularity of crypto trading has increased significantly, leading to the emergence of various trading platforms. One such platform is PrimeXBT, which was founded in 2018 and offers traders an opportunity to trade with leverage on a range of assets, including forex, cryptos, commodities, and indices.
With its multi-product platform, low trading fees, and strong security features, PrimeXBT has quickly become a popular choice for traders around the world.
In this article, I will provide a comprehensive PrimeXBT review, highlighting its 🚀 features, 👍 pros and cons 👎 to help you make an informed decision when choosing a trading platform.
What is PrimeXBT?
PrimeXBT is an exchange that was started in 2018 and started doing business in 2019. This company lets you trade the most popular cryptocurrencies and stock markets with up to 100 times leverage and forex pairs and commodities with up to 1,000 times leverage.
Traders can use PrimeXBT to trade both dynamic crypto futures and CFDs for regular assets.
PrimeXBT’s trading experience is broken up into different goods that can be used for all kinds of dealing.
The PrimeXBT crypto futures platform is the main product. It has a wide range of trading tools that allow buyers to do trend analysis and trade strategies.
There is also a site for learning called PrimeXBT Trading Academy, which gives buyers useful information about market trends and how to trade.
The site also hosts trading events once a week, giving buyers a chance to show off their skills and win gifts.
The Covesting copy-selling tool is one of the things that makes PrimeXBT stand out. Traders can copy the tactics of more experienced traders and spend in the same way.
This is a great way for people who are new to dealing with it to learn from the pros and find out what methods work.
PrimeXBT’s selling tool has a clean, modern user design that can be changed. This lets traders set up their screens in a way that suits their trading style and tastes. Also, the exchange has fees that change based on the trader’s amount and go as low as 0.001%.
Like other brokerages, PrimeXBT needs buyers to fill out a KYC form to make sure that their money and accounts are safe. There are a lot of safety tools on the site that make sure buyers’ money and accounts are safe.
Two-factor authentication (2FA), manual transfer clearance, whitelisting of crypto addresses, and cold keeping of digital assets are some of these features.
PrimeXBT – Best Features
🛡️ Advanced Security Measures:
The SSL (secure socket layer) technology protects the website of PrimeXBT and secures the data that is sent over the internet. This makes sure that the hackers won’t be able to steal private information that is very hard to get.
Withdrawal address whitelisting is an extra level of security that the site gives to its customers. This gives their clients an extra measure of security by letting them approve a specific payout address. This can help stop transfers to wallets that are not authorized.
💻 Advanced Trading Platform:
The PrimeXBT selling tool was made to meet the best standards in the business. These systems are written in a special way to speed up order processing and reduce delay.
When an order is made, the platform instantly checks all the risks that come with the order size, buying power factor, maximum position size, profit or loss, and total risk management.
📱 Mobile App:
PrimeXBT has an app for mobile devices that users can download from the Google Play store. During the PrimeXBT study, the two-factor login was mentioned.
This means that users will have to use the Google Authenticator app on their phones to approve the login. It is not required that you turn on 2FA on your phone, but it is highly recommended.
Users can easily do this through their “security settings” account control choices.
🕵️ Covesting Module:
PrimeXBT has a Coinvesting feature that all of its users can use. It lets traders copy and use the trade tactics that have worked well for other professionals. The first cryptocurrency market has this special function and gives its users a clear place to trade.
It also lets traders set and control their trading plans so they can make money from the way the market is moving right now. This gives both new and experienced traders a chance to increase their profit potential.
🚀 Turbo Platform:
PrimeXBT has a trading tool called Turbo that is easy for newbies to understand. It lets people take a position on an asset for a fixed profit. This means that if a trader’s estimate of the current market price is right after a certain amount of time, they get a fixed reward.
Users can choose between 30 seconds, 1 minute, and 5 minutes for the length of their deals.
Privacy:
PrimeXBT’s bitcoin trading services are private, which means that users don’t have to go through a required KYC or Know Your Customer process before they can start dealing.
Even though it is self-regulated, it has worked with many organizations around the world to stop money laundering.
How To Sign Up For PrimeXBT?
Step – 1: Go to the official website of PrimeXBT and click on ‘Register’.
Step – 2: Fill up the details asked for, check the box, and click on ‘Register’. You can also sign up from Google.
Step – 3: Fill up the pin from your email.
Step – 4: Check the box, and click on ‘Proceed’.
Check out their cool dashboard.
Why Do I Recommend Using PrimeXBT?
🛡️ Security:
PrimeXBT takes the security of its users’ funds and personal information seriously. It offers two-factor authentication (2FA), notifications, cold wallets, and a last login log to ensure that users’ accounts are secure.
₿ Multi-Product Platform:
PrimeXBT allows traders to go long or short and trade with leverage to enhance their yields. The platform also supports a variety of products, including forex, cryptos, commodities, and indices.
Multi-Asset Class Platform:
The platform supports a variety of asset classes, making it easy for traders to diversify their portfolios.
💰 Low Fees:
PrimeXBT charges competitively low fees, making it an attractive option for traders who want to keep their costs low.
Simple Registration:
The registration process on PrimeXBT is easy to complete.
Fiat Purchases:
PrimeXBT supports fiat purchases of supported cryptos via 💳 credit/debit cards and SEPA transfers. It also allows crypto purchases with PayPal and gift cards via PAXFUL.
💬 Customer Support:
PrimeXBT has a responsive customer support team that can be contacted via Live Chat.
₿ Copy-trading:
PrimeXBT allows traders to set up and manage a strategy – a pool of their assets, visible to the public, permitting others to follow. This makes it easy for traders to learn from each other and improve their trading strategies.
Also Read:
PrimeXBT Review Conclusion: Should You Trade on PrimeXBT?
PrimeXBT is a reliable and secure trading platform with several notable features. It offers a range of asset classes, supports fiat purchases of cryptocurrencies, and provides responsive customer support via live chat.
Its strong security features, including 2FA, notifications, cold wallets, and last login log, make it a trustworthy platform for traders.
However, the platform currently lacks a demo account, and the selection of cryptocurrencies available for trading is limited. Overall, PrimeXBT is a suitable platform for traders looking to diversify their portfolios and trade with leverage.
I hope that my review has provided valuable insights into PrimeXBT’s features and helped you make an informed decision when choosing a trading platform.
