EXCHANGE FEES
Withdrawal Fee: 0.0005 | Taker Fee: 0.05%  | Maker Fee: 0.05%


DEPOSIT METHODS
Wire Transfer: No | Credit Card: Yes


COMPANY INFO
US-Traders Allowed: No | Year Founded: 2018 | Crypto Markets: 35

PrimeXBT Logo

PrimeXBT Review Summary

In our PrimeXBT review, we found that overall PrimeXBT has a lot to offer crypto traders, but isn't for everyone. PrimeXBT boasts competitive trading fees, a solid mobile trading app, and crypto margin trading. However, if you're US-based or live in one of their restricted countries, you're out of luck.

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Overall Rating: 
4/5 stars

Team

FeEs

SUPPORT

Security

Selection

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Key takeaways from our review:

  • Trade more than 30+ crypto assets, commodities, and more with advanced margin trading capabilities.
  • Trade large-cap stocks, indices, currencies, commodities, Bitcoin and altcoins.
  • Great for beginners and advanced traders.
  • Similar to eToro copy trading functionality, PrimeXBT has a functionality called "Covesting" which lets you copy trade top traders on their platform, which is an awesome way for beginners to get started.

Pros & Cons

Pros

  • PrimeXBT offers a mobile trading app
  • PrimeXBT offers a wide range of trading options including crypto, forex, stock indices, and commodities
  • The platform is highly secure and regulated
  • PrimeXBT offers competitive fees and margin trading

Cons

  • The platform does not support fiat currency deposits or withdrawals
  • PrimeXBT does not offer a demo account for practice trading
  • Not available for US-based traders

What is PrimeXBT?

PrimeXBT website

Screenshot of the PrimeXBT website

PrimeXBT is a cryptocurrency trading platform offering access to global markets, including forex, commodities, indices, and cryptocurrencies. It provides advanced tools and features, such as margin trading and 100x leverage, enabling users to maximize their potential profits.

Does PrimeXBT Allow US-based Traders?

No, PrimeXBT is not available to US-investors. In addition, investors from certain countries, including Japan, Canada, and Turkey, are also restricted from using the platform.

PrimeXBT Features Overview

PrimeXBT is a powerful cryptocurrency trading platform that offers a comprehensive suite of features to help traders maximize their profits. With PrimeXBT, traders can access a wide range of markets, including cryptocurrencies, commodities, stocks, and indices. The platform also offers advanced trading tools such as margin trading, long and short positions, and advanced charting.

Some of their trading tools include: 

  1. Long/Short trading
  2. Bitcoin Leverage
  3. Crypto price charts
  4. Index price charts
  5. Commodity price charts

With PrimeXBT you'll also get: 

  1. Margin trading (leveraged crypto trading)
  2. Copy trading (they call it "covesting")
  3. Trading academy
  4. Trading contests with prizes

The platform also offers a range of risk management tools, including stop-loss and take-profit orders, as well as a built-in portfolio tracker. PrimeXBTs "Academy" is an educational resource center to help traders become more informed and confident in their trading decisions. The platform also offers a mobile app for trading on the go.

PrimeXBT offers a range of payment options, including bank wire transfers, credit and debit cards, and digital wallets. The platform also offers a range of bonuses and promotions to help traders maximize their profits. Finally, PrimeXBT provides 24/7 customer support to ensure that traders get the help they need when they need it.

PrimeXBT Fees

PrimeXBT is an advanced margin trading platform offering users the ability to trade a variety of assets including cryptocurrencies, forex, commodities, and indices. It offers competitive trading fees, allowing traders to maximize their profits.

Withdrawal Fees: PrimeXBT charges 0.0005 BTC for withdrawal fees.

Maker / Taker Fees: PrimeXBT charges a flat fee of 0.05% for makers and 0.05% for takers. This fee is applied to all trades, regardless of the asset being traded. The fees are among the lowest in the industry, allowing traders to maximize their profits.

Overall, PrimeXBT offers competitive trading fees, allowing traders to maximize their profits. The lack of withdrawal fees and low maker / taker fees make it an attractive platform for traders looking to optimize their trading costs.

PrimeXBT Security

PrimeXBT has implemented a number of security measures on their platform, including 

  • Google Authenticator (2FA) for two factor authentication
  • Bitcoin address whitelisting
  • Cold storage for digital assets
  • Hardware security models
  • Full risk checks when orders are placed and executed
  • SSL (https)
  • Cryptographically hashed passworeds using bcrypt
  • Cloudflare for DDoS attacks
  • Regular testing by the technical team
  • IT security assessments performed at regular intervals

How To Create an Account With PrimeXBT

Here's how to open a PrimeXBT account and start trading:

  1. Visit https://primexbt.com/
  2. Click “Register” in the top right corner - if you're US-based or in a disallowed geographic location, you'll see an IP warning notifying you that you are in a "restricted jurisdiction" - in this case, you'll need to use a VPN to access the site.
  3. If you're in an accepted jurisdiction, you may see an alert asking you to confirm that you accept responsibility for accessing their network, and are operating within your local jurisdictions laws. Click "confirm" and continue.
  4. Enter your email address and a secure password and tick the box to accept the Terms and Conditions.
  5. Click “Register”.
  6. Check your email for an activation link or pin number.
  7. Click the link or copy/paste your pin number activate your account.
  8. You'll be automatically logged in to your PrimeXBT account.
  9. You'll see an alert asking you to confirm that you are not a member of a restricted country, tick the box and click "Proceed" to continue, or click "Logout" to leave.
  10. From here you can deposit crypto, buy crypto with a credit card, copy trade their best traders, and complete any account settings you want to add like security features. 

PrimeXBT Reviews & Ratings Online

PrimeXBT gets mostly positive reviews online from users and ratings companies. 

Positive reviews commonly cite ease of use for beginners, covesting, simple and easy to use user interface, and competitive fees and a wide range of assets to trade.

Complaints commonly cite limited charting functionality, liquidations

Verdict: Is PrimeXBT Legit?

PrimeXBT Review

PrimeXBT is a legit cryptocurrency trading platform that offers margin trading, copy trading, and trading on indices, commodities, and cryptos. 

With above standard security measure and a solid range of assets to trade, PrimeXBT is a good option for any trader, especially if you're interested in margin trading or copy trading. 

About the author 

Sam Rexford

Hey! I'm Sam Rexford, owner at ChillReptile.com. I'm a 9-5 escape artist, dad, and entrepreneur. I write about escaping legacy systems with online businesses, software, emerging technology, cryptocurrencies, investing, and a ton more. You can learn more about our mission here.

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