PrimeXBT (Crypto Margin) Review

Founded in 2018, PrimeXBT is one of the leading crypto margin platforms, offering trading leverage up to 100:1. PrimeXBT offers access to over 80 financial-traded assets, including cryptocurrencies, Forex, commodities, and stock indices. PrimeXBT serves over 150 different countries. 

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 provides access to a multi-purposes exchange offering a nice customizable platform and a wide asset index including cryptocurrencies, 50+ Forex pairs, Gold, Energies, and many stock indices. This is a margin-trading exchange, and that means you can use leverage up to 100:1. Nevertheless, we recommend never using trading leverage in such a volatile asset class as the cryptocurrency asset class.

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 one of the leading crypto margin platforms with over 12 liquidity providers and $500 million in average daily trading volume. PrimeXBT offers access to over 80 financial-traded assets, including cryptocurrencies, Forex, and indices. Their platform is considerably advanced and highly customizable. They offer a full set of trading orders (including OCO) and leverage up to 100:1. The registration process to open an account with PrimeXBT is very simple, but note, that for the time, they accept only BTC for depositing.

 

■ PrimeXBT Review

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