What Is PrimeXBT?
Prime XBT is a cryptocurrency trading platform that offers leverage trading on over 30 different types of digital assets, including cryptocurrencies such as Bitcoin, commodities, indices, and forex pairs.
PrimeXBT provides its users with advanced trading tools and features to speculate on price movements and potentially increase their profits.
Table of Contents
- What Is PrimeXBT?
- Unlocking The Potential Of Margin Trading With PrimeXBT
- Is PrimeXBT Legit?
- Countries Supported By PrimeXBT
- Payment Methods Supported
- Cryptocurrencies Supported
- Fiat Currencies Supported
- Fees
- Account Limits
- Security and Customer Asset Protection
- Affiliate Program
- Customer Support
- PrimeXBT App
- Conclusion
Unlocking The Potential Of Margin Trading With PrimeXBT
In the rapidly evolving world of cryptocurrency trading, PrimeXBT has emerged as a prominent player, offering traders an opportunity to leverage their investments and maximize potential gains. This review aims to provide an in-depth analysis of PrimeXBT, exploring its features, functionalities, and overall trading experience.
Before making any purchase decision with an exchange always ensure to investigate the reputation of management, venture capital investors and regulatory approvals. Make sure to learn about each company’s values and core mission and to perform proper due diligence on review sites, message boards and with investment professionals.
Is PrimeXBT Legit?
PrimeXBT, established in 2018, under the company PrimeXBT Trading Services LLC is based in Saint Vincent and the Grenadines. With over 150 employees, PrimeXBT is a comprehensive trading platform that caters to both novice and experienced traders.
The platform is powered by technology developed by Prime Technology Ltd., a company based in the Seychelles.
Countries Supported By PrimeXBT
PrimeXBT is available in 152 countries not including those listed within the restricted countries list found here: https://help.primexbt.com/policies/restricted-jurisdictions
The list of restricted regions includes the following countries:
- United States of America
- Canada
- Cuba
- Japan
- Algeria
- Ecuador
- Iran
- Syria
- North Korea
- Sudan
- United States Minor Outlying Islands
- American Samoa
- Russian Federation
- Israel
- Saint Vincent and The Grenadines
Payment Methods Supported
The PrimeXBT platform accepts deposits in cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC), and Covesting (COV).
Additionally, PrimeXBT users can deposit cash using bank card, SEPA transfer or gift cards.
Cryptocurrencies Supported
A detailed list of cryptocurrency trading pairs can be found here.
As of July 10th, 2023, the list of cryptocurrencies supported by PrimeXBT includes:
- Cardano (ADA)
- Algorand (ALGO)
- Cosmos (ATOM)
- Avalanche (AVAX)
- Axie Infinity (AXS)
- Binance Coin (BNB)
- Bitcoin (BTC)
- Dogecoin (DOGE)
- Polkadot (DOT)
- Electronic Gold (EGLD)
- EOS (EOS)
- Ethereum (ETH)
- Filecoin (FIL)
- Internet Computer (ICP)
- Klaytn (KLAY)
- Chainlink (LINK)
- Litecoin (LTC)
- Decentraland (MANA)
- Polygon (MANA)
- NEAR Protocol (NEAR)
- Sandbox (SAND)
- Shiba Inu (SHIB)
- Solana (SOL)
- Theta Network (THETA)
- Tron (TRX)
- Uniswap (UNI)
- VeChain (VET)
- Stellar Lumens (XLM)
- Monero (XMR)
- Ripple (XRP)
- Tezos (XTZ)
Fiat Currencies Supported
A detailed list of cryptocurrency trading pairs can be found here.
As of July 10th, 2023, the list of fiat currencies supported by PrimeXBT includes:
- AUD
- CAD
- CHF
- CNH
- EUR
- GBP
- HKD
- JPY
- MXN
- NZD
- SGD
- THB
- USD
- XAG
- XAU
- ZAR
Fees
A trading fee is incurred every time you place an order on the PrimeXBT platform.
Current trade fees on margin Trading accounts are:
- 0.05% for Cryptocurrencies
- 0% for Forex, Indices, and Commodities
Account Limits
On the PrimeXBT platform each cryptocurrency and asset type has its own limits for maximum order size and total maximum exposure. Specific limits for each can be viewed here: https://help.primexbt.com/trading-with-primexbt/trading-limits
Security and Customer Asset Protection
Risk management is a key focus for PrimeXBT. The platform incorporates several risk management tools, including stop-loss and take-profit orders, to help traders control their positions and minimize potential losses. Moreover, PrimeXBT employs advanced security measures, such as Bitcoin address whitelisting, cold storage of assets with multi-signature technology, encrypted SSL and two-factor authentication (2FA), to ensure the safety of user funds.
Affiliate Program
Affiliate marketers who want to earn commissions for promoting the PrimeXBT platform can become a partner with PrimeXBT.
The PrimeXBT affiliate program has a favorable commission structure where affiliates can earn upwards of $1,200 for each action taken and between 40%-70% on fees.
Customer Support
PrimeXBT’s 24/7 customer support is commendable, offering responsive assistance to user queries and concerns. The platform also provides educational resources, including a help center, tutorials and webinars, empowering traders with the knowledge necessary to navigate the complex world of margin trading.
PrimeXBT App
The PrimeXBT app provides a user-friendly mobile trading experience, allowing users to access the platform’s features on the go. Trade a diverse range of assets, manage positions, and utilize advanced trading tools with ease, all while enjoying the convenience of mobile accessibility.
Conclusion
PrimeXBT presents a compelling option for traders seeking leverage opportunities in the cryptocurrency market. With its intuitive interface, diverse asset selection, advanced trading tools, and commitment to user security, PrimeXBT stands as a platform that enables traders to unlock the potential of margin trading while managing risk effectively.