Some platforms succeed in achieving this, others fail as quickly as they came to be and perish away. One such very popular trading platform for crypto-currency is PrimeXBT.
In this article, we will cover the complete aspects of the PrimeXBT exchange such as its features, fees, supported currencies, trading, and much more. Let us dig into this PrimeXBT Exchange Review in detail now.
What is PrimeXBT?
Prime XBT is an online Bitcoin-related exchange providing on its website cryptocurrencies and CFDs for trading. This enterprise was established in Seychelles in 2018. From its launch, Prime XBT has experienced rapid growth in a short time, as it has customers from 150 different countries.
Prime XBT provides a powerful platform filled with valuable trader resources that are perfect for both beginners and middle-level traders. The Website is available in six languages namely: English, Chinese, Spanish, Korean, Portuguese, and Russian.
PrimeXBT Features
1) Prime XBT Leverage: Leverage is one of the many features that advanced traders tend to look for, but most platforms offer very limited leverage when it comes to trading cryptocurrency. PrimeXBT stands out by offering leverage of 1:100.
2) Asset Coverage: This is definitely one of the most exciting things about the PrimeXBT trading platform. Users are able to exchange a large range of markets using Bitcoin as leverage, including Forex (FX), cryptocurrencies, commodities and index.
3) PrimeXBT fees: PrimeXBT offers some of the competitive fees. They only have two types of fees and these are the trade fee and the overnight fee. The fees are fixed at 0.05%.
4) Security: Most of the coins kept at PrimeXBT are stored in cold storage. That means that they are kept away from internet access and the danger of possible hackers in a secure offline environment.
5) Customer Support: Perhaps the quickest and most effective way to get hold of their customer support is through the live chat that can be accessed right from the trading platform. This is active and available 24/7. Apart from that, there is also the email support option.
PrimeXBT Supported Currencies
The currencies supported by PrimeXBT can be briefly listed as follows:
- Bitcoin
- EOS Token
- Ethereum
- Litecoin
- Ripple
PrimeXBT does not endorse fiat deposit and withdrawal currencies. However for permanent contracts, you can use fiat/crypto trading pairs.
PrimeXBT Mobile App
PrimeXBT provides both an Apple App Store and Google Play Store IOS & Android trading app. The app is very advanced and a perfect way to use the leveraged trading platform PrimeXBT on the go. There is currently no PrimeXBT APK file available, instead, you can download the PrimeXBT app from the Google Play Store.
How to register on PrimeXBT?
- Step 1:
Navigate to the Official website and Go to the registration page.
- Step 2:
Enter your email address and choose a strong password.
- Step 3:
You can optionally provide your phone number, and then agree to the Terms and Conditions
- Step 4:
Now click the ‘Register’ option.
- Step 5:
Confirm your registration by entering the 4-digit PIN code that you receive via email.
PrimeXBT Pros and Cons
Pros
- Competitive service fees and trading conditions
- Up to 1:100 leverage on crypto assets.
- Credit Card Deposits Available
- It provides Referral System
- They provide Anonymous Accounts
Cons
- No demo account is provided
- No service to clients from the USA, Canada
- It is Not Regulated
- Only Email Support
Conclusion
If you are searching for a leveraged cryptocurrency exchange with reasonably advanced technology, straightforward fees, and good security procedures then this exchange should be considered. It seems from this analysis that Prime XBT could be an interesting choice for you to trade leveraged cryptocurrency instruments.
PrimeXBT built a strong offering in the crowded trading space for the cryptocurrency. The trading platform is easy to use and with its low commissions, tight spreads, and excellent leverage, PrimeXBT stands out from the competition.
