The platform is understood for its superior buying and selling instruments, aggressive charges, and user-friendly interface, attracting over 1 million customers from 150+ international locations.
In this evaluation, we are going to present an in depth evaluation of PrimeXBT’s core merchandise: crypto futures, CFDs (Contracts for Difference), and replica buying and selling.
This evaluation goals to offer a impartial and unbiased perspective on the platform, specializing in the options, charges, and general buying and selling expertise.
What is PrimeXBT?
PrimeXBT is an internet buying and selling platform that permits customers to commerce a variety of monetary markets utilizing leverage. The platform was established in 2018 and has since grown quickly, turning into a most popular selection for merchants worldwide.
PrimeXBT’s mission is to be a worldwide chief in on-line buying and selling, providing cutting-edge expertise and a seamless consumer expertise.
The platform emphasizes innovation, consumer empowerment, transparency, and a client-focused method, guaranteeing that merchants have entry to the perfect instruments and assets to reach the monetary markets.
» REGISTER NOW FOR BONUS «
PrimeXBT has created an unique supply for our readers. By utilizing the promo code "cryptoro20" you'll be able to obtain a 20% bonus in your deposit, with a most bonus of $7,000. This bonus is absolutely tradable, permitting you to take advantage of out of your buying and selling expertise on the platform.
PrimeXBT Products
Crypto Futures Trading on PrimeXBT
Crypto futures buying and selling is without doubt one of the hottest merchandise supplied by PrimeXBT. Futures contracts enable merchants to invest on the longer term worth actions of cryptocurrencies with out really proudly owning the underlying property.
This kind of buying and selling is especially interesting to these trying to revenue from each rising and falling markets. PrimeXBT’s crypto futures platform gives entry to a number of key options, together with adjustable leverage, deep liquidity, and superior buying and selling instruments.
Available Cryptocurrencies
PrimeXBT presents futures contracts on a wide range of well-liked cryptocurrencies. The main property accessible for futures buying and selling embrace:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
The platform might increase its choices sooner or later, probably including extra cryptocurrencies to its futures buying and selling roster.
Fees
PrimeXBT presents a aggressive and simple price construction for crypto futures buying and selling:
- Maker Fee: 0.01%
This price applies once you add liquidity to the market by putting restrict orders that aren’t instantly crammed. For instance:- ETH/USDT is buying and selling at 3900.
- You place a restrict order to purchase at 3800, thereby offering further liquidity.
- The market reaches your restrict order, and it will get executed.
- You can pay a 0.01% price on the commerce.
- Taker Fee: 0.02%
This price applies once you take away liquidity from the market by putting orders which are instantly executed. For instance:- BTC/USDT is buying and selling at 69k.
- You place a market order to purchase BTC/USDT.
- The order is executed immediately at 69k.
- You can pay a 0.02% price on the commerce.
These low charges are useful for each informal merchants and high-frequency merchants, permitting them to reduce buying and selling prices.
Leverage
One of the important thing options of PrimeXBT’s crypto futures buying and selling platform is the flexibility to commerce with leverage. Leverage permits merchants to open bigger positions with a smaller preliminary funding.
On PrimeXBT, merchants can select their desired stage of leverage, as much as a most of 100x. While leverage can considerably amplify potential earnings, it additionally will increase the chance of considerable losses, making it essential for merchants to make use of efficient threat administration methods.
Why Trade Crypto Futures with PrimeXBT?
PrimeXBT presents a number of benefits for merchants concerned with crypto futures:
- Deep Liquidity: The platform companions with prime liquidity suppliers, guaranteeing that merchants can execute giant orders with minimal slippage, even in unstable market situations.
- Adjustable Leverage: Traders have the flexibleness to pick their most popular leverage stage, permitting for extra tailor-made threat administration.
- Isolated Margin: PrimeXBT’s remoted margin characteristic permits merchants to handle threat extra successfully by isolating the margin for every place. This signifies that losses on one place gained’t have an effect on the margin accessible for different positions.
- Proprietary Order Book: PrimeXBT’s order e-book gives detailed market knowledge, enabling merchants to make extra knowledgeable choices. This characteristic is especially helpful for individuals who depend on technical evaluation.
- Advanced Charts and Expert Tools: The platform presents a wide range of charting choices and analytical instruments, serving to merchants to plan their entry and exit factors with precision. These instruments embrace indicators like transferring averages, RSI, MACD, and extra, that are important for creating buying and selling methods.
- Risk Management: PrimeXBT gives superior threat administration instruments, resembling stop-loss and take-profit orders, permitting merchants to regulate their publicity and shield their capital.
CFD Trading on PrimeXBT
Contracts for Difference (CFDs) are monetary derivatives that enable merchants to invest on the worth actions of varied property with out proudly owning the underlying property.
PrimeXBT’s CFD buying and selling platform presents entry to a variety of markets, together with foreign exchange, indices, commodities, and cryptocurrencies. CFD buying and selling is well-liked amongst merchants as a result of it permits them to revenue from each rising and falling markets, offering flexibility and alternatives in numerous market situations.
Market Coverage
PrimeXBT’s CFD buying and selling platform gives entry to over 100 markets, permitting merchants to diversify their portfolios throughout a number of asset lessons. The key markets accessible for CFD buying and selling embrace
Forex
PrimeXBT presents CFD buying and selling on main, minor, and unique forex pairs. Some of essentially the most traded pairs embrace:
- EUR/USD: The most liquid forex pair on the earth, representing the euro in opposition to the US greenback.
- USD/JPY: The trade fee between the US greenback and the Japanese yen, one other extremely traded pair.
- GBP/USD: The trade fee between the British pound and the US greenback.
- USD/CHF: The US greenback in opposition to the Swiss franc, usually thought-about a safe-haven forex pair.
Forex CFDs on PrimeXBT are recognized for his or her tight spreads, beginning as little as 0.1 pips, making it a sexy choice for each day merchants and long-term traders.
Indices
Stock market indices are hypothetical portfolios of shares that signify particular markets. PrimeXBT presents CFD buying and selling on main world indices, together with:
- SP500: Represents 500 of the most important firms listed on inventory exchanges within the United States.
- Nasdaq: Focuses on expertise and biotech firms, making it a key index for progress shares.
- FTSE 100: Represents the 100 largest firms listed on the London Stock Exchange.
Trading indices permits merchants to realize publicity to the broader market with out having to select particular person shares.
Commodities
PrimeXBT presents CFDs on a spread of commodities, together with metals and vitality merchandise:
- Gold: Often seen as a hedge in opposition to inflation and financial uncertainty.
- Oil (Brent and Crude): Vital vitality commodities which are intently tied to world financial exercise.
- Natural Gas: A key vitality commodity with important worth volatility.
Commodity CFDs on PrimeXBT enable merchants to invest on worth actions with out the necessity to bodily personal the commodities.
Cryptocurrencies
PrimeXBT presents CFD buying and selling on a wide range of cryptocurrencies, together with each main cash and altcoins:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Ripple (XRP
- Dogecoin (DOGE)
In addition to those, PrimeXBT presents CFDs on different cryptocurrencies like EOS, DOT, Filecoin, MANA, VET, and extra. This big selection of property permits merchants to capitalize on worth actions throughout the cryptocurrency market.
Fees
PrimeXBT’s price construction for CFD buying and selling is designed to be aggressive and clear:
- Spreads: The main value of buying and selling CFDs on PrimeXBT comes from the unfold, which is the distinction between the bid (promote) and ask (purchase) costs. Spreads on PrimeXBT begin from 0.1%, relying on the asset class and market situations.
- Trading Fee: PrimeXBT doesn’t cost further commissions on CFD trades. The unfold is the one value, which makes it simpler for merchants to calculate their bills.
- Minimum Deposit: Traders can begin buying and selling with as little as $1, making PrimeXBT accessible to these with various ranges of capital.
- Withdrawal Fee: Withdrawal charges depend upon the cost methodology or blockchain used, ranging from 0.5%.
Why Trade CFDs with PrimeXBT?
- Wide Market Access: PrimeXBT presents a various collection of markets, permitting merchants to construct well-rounded portfolios. This diversification can assist mitigate threat by spreading publicity throughout completely different asset lessons.
- Low Trading Costs: With spreads ranging from 0.1% and no commissions, PrimeXBT is cost-effective, particularly for merchants who often enter and exit positions.
- User-Friendly Interface: PrimeXBT’s platform is designed with consumer expertise in thoughts, providing an intuitive interface that’s simple to navigate. This makes it accessible to each freshmen and skilled merchants.
- Advanced Trading Tools: The platform gives a spread of instruments for technical evaluation, together with customizable charts, technical indicators, and drawing instruments. These options are important for merchants who depend on market evaluation to make knowledgeable choices.
- Risk Management Features: PrimeXBT presents numerous threat administration instruments, resembling stop-loss and take-profit orders, which permit merchants to set predefined exit factors for his or her trades. This is especially necessary in unstable markets, the place costs can change quickly.
Copy Trading on PrimeXBT
Copy buying and selling is a characteristic that enables customers to routinely replicate the trades of skilled merchants, making it a perfect answer for freshmen or those that would not have the time to actively handle their portfolios.
PrimeXBT’s copy buying and selling platform is designed to be user-friendly, enabling each novice and skilled merchants to profit from the experience of others.
How Copy Trading Works
- For Followers: Copy buying and selling on PrimeXBT is simple. Users, often known as followers, can browse an inventory of top-performing merchants on the platform. Once a follower selects a dealer to repeat, their trades are routinely replicated within the follower’s account. This permits even inexperienced merchants to probably earn earnings by leveraging the experience of seasoned professionals.
- For Strategy Providers: Experienced merchants can join as technique suppliers, sharing their buying and selling methods with others. Strategy suppliers earn as much as 20% of the earnings generated by their followers. This creates an incentive for skilled merchants to carry out nicely, as their earnings are tied to the success of their followers.
Profit Share Structure
The revenue share mannequin on PrimeXBT is designed to be truthful and clear:
- Copy Trader (Follower): 60% of the earnings go to the follower who’s copying the trades.
- Strategy Manager (Provider): 20% of the earnings are earned by the technique supplier.
- Platform: 20% of the earnings are retained by PrimeXBT as a platform price.
Membership Plans
PrimeXBT presents membership plans that present further advantages for each followers and technique suppliers. These advantages might embrace elevated revenue share, decreased buying and selling charges, and entry to premium options.
Membership plans are designed to reinforce the buying and selling expertise and reward energetic participation on the platform.
Why Use Copy Trading on PrimeXBT?
- Accessibility for Beginners: Copy buying and selling is a perfect answer for these new to buying and selling or those that lack the time to develop their very own methods. By following profitable merchants, freshmen can begin incomes earnings whereas studying the ropes.
- Diversification: Followers can select to comply with a number of technique suppliers, diversifying their publicity to completely different buying and selling kinds and markets. This can assist cut back threat by spreading investments throughout numerous methods.
- Passive Income Opportunity: For skilled merchants, turning into a method supplier presents the potential to earn further revenue by sharing their methods with others. The extra profitable the methods, the extra followers they will appeal to, resulting in increased earnings.
- Risk Management Tools: PrimeXBT gives superior threat administration instruments for copy buying and selling, together with stop-loss orders, which permit followers to set most loss limits on copied trades. This helps shield their capital in case the copied technique doesn’t carry out as anticipated.
Buying Cryptocurrency on PrimeXBT
PrimeXBT presents an easy and user-friendly platform for buying cryptocurrencies. Users should buy a variety of digital property, together with well-liked choices like Bitcoin (BTC) and Ethereum (ETH), utilizing numerous cost strategies resembling Visa, Mastercard, financial institution transfers, and different third-party cost choices.
This service is designed to cater to each new and skilled customers, offering a safe and environment friendly strategy to enter the cryptocurrency market.
How to Buy Crypto on PrimeXBT
Buying cryptocurrency on PrimeXBT is a straightforward course of that may be accomplished in only a few minutes. Here’s a step-by-step information:
- Open a PrimeXBT Account: Start by creating an account on PrimeXBT, which is a fast and simple course of.
- Select Your Payment Method: Choose from a wide range of cost choices, together with Visa, Mastercard, financial institution transfers, or different third-party cost companies.
- Choose Your Cryptocurrency: Select the cryptocurrency you want to buy, resembling Bitcoin or Ethereum, and specify the quantity you wish to purchase.
- Receive Your Crypto: Once the acquisition is full, your PrimeXBT pockets will likely be credited immediately with the cryptocurrency to procure.
What You Can Do with Your Crypto
Once you’ve bought cryptocurrency on PrimeXBT, the platform presents a number of choices for managing and using your digital property:
- HODL: Store your cryptocurrencies securely in your PrimeXBT pockets, permitting you to carry onto your property for the long run.
- Send: Transfer your cryptocurrency to a different pockets by merely coming into the recipient’s pockets deal with.
- Swap: Exchange one cryptocurrency for one more inside your PrimeXBT account, enabling you to diversify your portfolio or modify your holdings primarily based on market situations.
- Sell: Convert your cryptocurrency into fiat forex and withdraw it to your checking account, offering liquidity once you want it.
- Spend: Use your cryptocurrency to buy items and companies at taking part retailers, increasing the sensible use of your digital property.
- Trade: Leverage your cryptocurrency holdings to commerce on PrimeXBT’s platform, accessing over 100 markets and maximizing the potential of your property.
PrimeXBT’s shopping for service is designed to be safe, quick, and accessible, making it a handy selection for anybody trying to enter the cryptocurrency market or increase their current portfolio.
The platform’s 24/7 assist ensures that customers can get assist each time they want it, additional enhancing the general consumer expertise.
PrimeXBT presents a wide range of promotions and bonuses designed to reinforce the buying and selling expertise for each new and current customers. These incentives are aimed toward rewarding merchants for his or her exercise on the platform, offering further capital that can be utilized to maximise buying and selling alternatives. Below is a breakdown of the important thing promotions accessible on PrimeXBT.
Welcome Bonus for New Users
PrimeXBT gives a particular deposit bonus for brand spanking new customers, making it simpler for them to start out buying and selling with further capital. The course of to assert this bonus is straightforward:
- Sign Up: Create a free PrimeXBT account.
- Make a Deposit: Deposit at the very least $500 inside the first 48 hours of account creation.
- Claim Your Bonus: Transfer the deposited funds to your buying and selling account to assert a $100 deposit bonus.
This $100 bonus is then accessible for buying and selling, giving new customers a lift as they start their buying and selling journey on PrimeXBT. It’s necessary to notice that this welcome bonus is completely accessible to new customers and can’t be claimed by current purchasers.
» REGISTER NOW FOR BONUS «
PrimeXBT has created an unique supply for our readers. By utilizing the promo code "cryptoro20" you'll be able to obtain a 20% bonus in your deposit, with a most bonus of $7,000. This bonus is absolutely tradable, permitting you to take advantage of out of your buying and selling expertise on the platform.
Trading Volume Bonuses
PrimeXBT additionally presents a sequence of buying and selling quantity bonuses for customers who attain particular buying and selling milestones. These bonuses can be found to all customers and are structured to reward increased buying and selling volumes. The bonuses are as follows:
- Easy Start:
- Bonus: $5.00
- Requirement: Achieve a minimal buying and selling quantity of $100,000 by margin buying and selling cryptocurrencies.
- Applicability: Available for buying and selling CFDs and Forex.
- Trade & Earn:
- Bonus: $20.00
- Requirement: Reach a minimal buying and selling quantity of $300,000 by margin buying and selling cryptocurrencies.
- Applicability: Available for buying and selling CFDs and Forex.
- Whale Trader:
- Bonus: $100.00
- Requirement: Reach a minimal buying and selling quantity of $1,000,000 by margin buying and selling cryptocurrencies.
- Applicability: Available for buying and selling CFDs and Forex.
- Mega Trader:
- Bonus: $1,000.00
- Requirement: Achieve a minimal buying and selling quantity of $7,000,000 by margin buying and selling cryptocurrencies.
- Applicability: Available for buying and selling CFDs and Forex.
These bonuses are credited on to the consumer’s buying and selling account and can be utilized to additional improve their buying and selling actions on the platform.
PrimeXBT presents a set of highly effective instruments designed to assist merchants make knowledgeable choices and optimize their buying and selling methods. These instruments are important for staying updated with market occasions, monitoring worth actions, and analyzing tendencies throughout numerous monetary devices. Below is a short overview of a few of the key instruments accessible on the platform.
Economic Calendar
PrimeXBT’s Economic Calendar is an important instrument for merchants who wish to keep knowledgeable concerning the newest financial occasions and bulletins that would influence world markets. The calendar gives real-time updates on occasions resembling central financial institution conferences, financial stories, and different key monetary indicators. By incorporating this knowledge into their buying and selling methods, customers can higher anticipate market actions and make extra knowledgeable choices.
Price Charts
PrimeXBT presents reside worth charts for all of the markets accessible on the platform. These charts are an indispensable instrument for monitoring worth actions and figuring out tendencies in real-time. The charts are categorized into a number of sections for straightforward navigation:
- Most Traded: Track essentially the most actively traded property
- Forex: Access reside charts for main, minor, and unique forex pairs, serving to merchants to identify potential alternatives within the foreign exchange market.
- Indices: Monitor world inventory indices with real-time knowledge, enabling merchants to investigate market tendencies and react rapidly to adjustments.
- Commodities: Follow worth actions in commodities resembling gold, oil, and pure fuel, permitting merchants to capitalize on shifts in provide and demand.
- Cryptocurrencies: Keep an eye fixed on reside worth adjustments throughout numerous cryptocurrencies, from Bitcoin to altcoins, guaranteeing you by no means miss a buying and selling alternative within the unstable crypto market.
These instruments present PrimeXBT customers with the info and insights wanted to reinforce their buying and selling methods, whether or not they’re specializing in foreign exchange, commodities, indices, or cryptocurrencies.
PrimeXBT’s Commitment to Client Transparency and Protection
PrimeXBT is a member of the Financial Commission, an impartial exterior dispute decision (EDR) group. This affiliation ensures that merchants have entry to a impartial third-party committee to resolve disputes.
The Financial Commission’s Compensation Fund covers judgments of as much as $20,000 per consumer, offering a further layer of safety for customers. This dedication to transparency and consumer safety units PrimeXBT other than many different on-line buying and selling platforms.
PrimeXBT’s Security Measures
The majority of buyer digital property, notably Bitcoin, are saved in offline chilly wallets.
This minimizes the chance of loss attributable to on-line threats. Only a restricted quantity of digital property are held in scorching wallets to course of withdrawals and different transactions.
To additional improve safety, PrimeXBT employs a guide course of for all incoming and outgoing transfers. Each transaction undergoes rigorous checks for threat scoring, cash laundering, suspicious buying and selling exercise, and different safety considerations earlier than being executed.
This guide verification course of, mixed with multi-signature entry (Multisig), ensures that fund transfers require the coordinated efforts of a number of workers, decreasing the chance of unauthorized entry.
All buyer property at PrimeXBT are saved in chilly storage wallets, and the platform processes withdrawals as soon as a day, between 12:00 and 14:00 UTC.
Withdrawals requested earlier than 12:00 UTC are processed on the identical day, whereas these requested after 12:00 UTC are processed the next day. This routine enhances the safety of buyer funds, offering a further layer of safety.
Conclusion
PrimeXBT presents a strong buying and selling platform with a various vary of merchandise, aggressive charges, and a wide range of instruments designed to reinforce the buying and selling expertise.
Whether you’re concerned with crypto futures, CFDs, copy buying and selling, or just shopping for cryptocurrencies, PrimeXBT gives the required assets that will help you succeed.
» REGISTER NOW FOR BONUS «
PrimeXBT has created an unique supply for our readers. By utilizing the promo code "cryptoro20" you'll be able to obtain a 20% bonus in your deposit, with a most bonus of $7,000. This bonus is absolutely tradable, permitting you to take advantage of out of your buying and selling expertise on the platform.
Frequently Asked Questions
What is PrimeXBT?
PrimeXBT is a multi-asset buying and selling platform that enables customers to commerce cryptocurrencies, foreign exchange, commodities, and indices utilizing leverage. The platform presents aggressive buying and selling situations, together with low charges, excessive liquidity, and a user-friendly interface. PrimeXBT is well-liked for its superior buying and selling instruments and the flexibility to commerce with excessive leverage, as much as 1:1000 on some property.
How safe is PrimeXBT?
PrimeXBT locations a robust emphasis on safety, using chilly storage wallets to retailer the vast majority of consumer funds offline, considerably decreasing the chance of hacking. Additionally, the platform employs two-factor authentication (2FA) and different safety measures to guard consumer accounts.
What are the accessible deposit and withdrawal choices on PrimeXBT?
Users can deposit and withdraw funds utilizing cryptocurrencies resembling Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC). PrimeXBT additionally helps deposits and withdrawals by way of bank cards. All transactions are processed rapidly, however withdrawal instances might fluctuate relying on the strategy used.
Does PrimeXBT supply a demo account?
Yes, PrimeXBT presents a demo account that enables customers to apply buying and selling with digital funds. This is a good way for freshmen to familiarize themselves with the platform and take a look at completely different buying and selling methods with out risking actual cash.
What leverage does PrimeXBT supply?
PrimeXBT presents excessive leverage on numerous property, with as much as 1:1000 for CFDs and 1:200 for cryptocurrency futures. Leverage permits merchants to regulate bigger positions with a smaller quantity of capital, however it additionally will increase the chance of losses.
What bonuses and promotions does PrimeXBT supply?
PrimeXBT often presents bonuses and promotions, resembling deposit bonuses. For instance, new customers can use the promo code “cryptoro20” to get a 20% bonus on their deposit, as much as a most of $7,000. The bonus is absolutely tradable, that means it may be used to extend your buying and selling potential on the platform.
Is PrimeXBT regulated?
PrimeXBT just isn’t at present regulated by any main monetary regulatory physique. It operates below a St. Vincent and the Grenadines entity and is understood for its give attention to offering high-leverage buying and selling choices. While the dearth of regulation may be a priority for some customers, PrimeXBT has carried out robust safety measures and has a popularity for being a dependable platform.
What are the charges on PrimeXBT?
PrimeXBT costs low buying and selling charges, which fluctuate relying on the asset being traded. For instance, the price for cryptocurrency trades is usually 0.05%, whereas foreign exchange and commodity buying and selling charges can fluctuate. Additionally, there are in a single day financing charges for positions held open in a single day, which might additionally fluctuate.
How do I contact PrimeXBT buyer assist?
PrimeXBT presents 24/7 buyer assist, which may be accessed by way of reside chat, electronic mail, or by their assist heart on the web site. The platform helps a number of languages, guaranteeing that customers from completely different areas can obtain help of their most popular language.
Can U.S. residents use PrimeXBT?
No, PrimeXBT doesn’t settle for customers from the United States attributable to regulatory restrictions. The platform additionally restricts customers from different international locations like Japan, Canada, and a few others.
Is PrimeXBT Legit?
PrimeXBT is taken into account a reputable buying and selling platform by many within the crypto and buying and selling neighborhood. It has gained a strong popularity since its launch in 2018 for offering a safe and environment friendly buying and selling setting with aggressive charges and superior buying and selling instruments. The platform is understood for its excessive leverage choices, sturdy safety measures, and a user-friendly interface.
