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7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
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PrimeXBT Review 2024
Minimum
deposit:
deposit:
- $1
Trading platform:
- Own platform
Minimum
deposit:
deposit:
- $1
Trading platform:
- Own platform
Trading features:
- Trade in cryptocurrencies, currency pairs, indices, resources
- detailed referral program, large leverage, copy trading service
Summary of PrimeXBT Crypto Exchange
PrimeXBT is a moderate-risk cryptocurrency exchange with the TU Overall Score of 5 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by PrimeXBT clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews. PrimeXBT ranks 9 among 173 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
The PrimeXBT exchange offers comfortable trading in cryptocurrencies, currencies, and other assets. There are stop loss and take profit functions, and charts with many indicators. Commissions are from 0.001% for margin trading. The site has a convenient service for copying trades, which allows you to receive passive income. Deposits and withdrawals are available in all major ways, including Visa and MC bank cards.
NOTE!
If you are planning to trade cryptocurrencies, and not just keep your savings in crypto wallets, we recommend that you choose one of the top brokers with reliable regulation and access to trading crypto CFDs. This type of trading will help you avoid holding your cryptocurrency in e-wallets of exchanges, which quite regularly get hacked. Also, availability of leverage will allow you to trade crypto CFDs for amounts much higher than your deposit.
Traders Union experts recommend considering Top 3 companies from our rating:
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The PrimeXBT exchange is an international platform for trading cryptocurrencies, tokenized assets, stock indices, and currency pairs. Cryptocurrencies include Bitcoin, Litecoin, Ethereum, Tether, and others. All crypto assets can be bought and sold for US dollars. Currency assets are traded among themselves, with resources and metals. For example, you can buy and sell silver for US dollars. There is Bitcoin trading with leverage up to 1:1000. The company has developed its own trading terminal, called PrimeXBT, with a built-in function for copying trades; and there are browser and mobile versions. The terminal is distinguished by its high-speed operations and advanced functionalities. There is also a demo account.
| 💰 Account currency: | Cryptocurrencies, currencies |
|---|---|
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | up to 1:1000 (up to 1:100 for copy-trading, up to 1:200 for BTC) |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies, currencies, indices, natural resources |
| 💹 Margin Call / Stop Out: | No |
👍 Advantages of trading with PrimeXBT:
- Ability to trade in cryptocurrencies, currencies, indices, and other resources;
- low trading commissions, large leverage;
- several options for the referral program;
- own service for copying trades;
- KYC verification, high level of security;
- simple and convenient trading terminal;
👎 Disadvantages of PrimeXBT:
- the company does not have a call center;
- API is not supported.
Evaluation of the most influential parameters of PrimeXBT
NOTE!
Do not miss a chance to get additional monthly bonuses and payouts for trading at PrimeXBT cryptocurrency exchange.
Enter the referral code when you register on the website or PrimeXBT app.
275
*TU may receive partnership reward for registration of the client on the company’s website on a referral link.
Your capital is at risk.
Geographic Distribution of PrimeXBT Traders
Popularity in
24.6%
JP
15.1%
GB
13.2%
IN
12.3%
AR
7%
TR
5.1%
EG
5%
MA
4.4%
PK
4%
AE
29.3%
Others
Video Review of PrimeXBT i
User Satisfaction i
24 comments
Total score:
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Expert Review of PrimeXBT
The PrimeXBT Crypto exchange complies with the leading standards in functionality and order processing speed. The standard execution speed does not exceed 20 ms. Typical KYC verification is supplemented with its own software that protects user information. All transactions are carried out anonymously. The site has a high level of security. There is a license, the company is based in Seychelles.
Prime XBT offers the largest leverage of 1:1000 for margin trading. There are not as many cryptocurrencies as some other services, but the most popular ones such as Bitcoin, Litecoin, Ethereum, and others are present. They are traded among themselves and with the US dollar. The pairs are not represented with another fiat. However, PrimeXBT has a Forex trading service with currencies, indices, and natural resources, including gas, oil, and precious metals.
Separately, I’d like to note the availability of a service for copying trades. It is typical, but such services are rarely found on crypto exchanges. Copying trades allows traders who do not want to trade themselves, as well as traders who are willing to share their strategies with others for a moderate financial reward, to passively earn money. Technically, the service is made as simple as possible, even a beginner will have no difficulties.
Of the minuses, we can note the lack of a call center, which is the standard for the vast majority of cryptocurrency exchanges. Also, the service does not have an API, which is not a critical flaw but acts as a limiting factor for business projects wishing to cooperate. The PrimeXBT Crypto exchange is recommended for review as a convenient and reliable platform.
Dynamics of PrimeXBT’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets, and Products of the Crypto Exchange
The PrimeXBT crypto exchange does not have investment programs. However, traders have access to passive earnings due to the copy trades function. This is a service for copying trades, it allows the user to duplicate trade settings on the trade by taking them from another user for a small fee.
You need to log in to the website or mobile application and go to the Covesting tab in your personal account.
After that, select from the list of available traders the one whose strategy seems to you the most successful and click Follow.
Choose the amount you are willing to invest in the trade. The amount does not have to correspond to the amount deposited by the trader from whom you are copying the trade.
Next, you need to wait for the order to be executed. If the trade is successful, you will receive a profit according to the invested amount, minus the service commission and payment to the trader from whom you copied the trade.
The minimum amount to participate in copy-trading is 0.001 BTC. There is no upper limit. You control your own contributions.
Important!
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
PrimeXBT’s affiliate program
Prime XBT’s affiliate program does not differ from similar programs at other crypto exchanges. It allows you to profit from the commissions of invited traders. To participate you need to:
Register on the exchange and go through verification. After that, a personal link will be available in your personal account. This link can be sent to other people or published in blogs and other sources.
Each user who registers on Prime XBT through your link becomes your referral. You receive a percentage of the commissions of your referrals, a fixed reward, or a combined bonus.
According to the standard affiliate program, you can receive up to 70% of the commissions of each referral, depending on the volume of his trades. According to an alternative program, you can be credited $40-1,250 for each client referred.
There is a hybrid version of the program, where you receive a fixed payment for each referral and in the future, you will also receive income from his commissions.
Please note that the percentage of referral commissions is calculated individually, depending on the trading volume. A one-time payment is also calculated individually (it depends on the general activity of the referral). All data can be seen in the corresponding section of the personal account, where there are also detailed statistics on income from the program, including forecasts.
PrimeXBT offers additional options for ambassadors. You can become an Ambassador by fulfilling the relevant conditions (requirements change frequently, so you need to check the current details on the website). As a rule, these are the owners of large channels, blogs, and public spaces. Ambassadors receive personalized trading conditions, higher referral payouts, and discounts on commissions on their trades.
Trading Conditions for PrimeXBT Users
You can deposit funds from other cryptocurrency wallets, as well as from bank accounts, and cards. PrimeXBT does not charge deposit fees. The maximum leverage is 1:1000 for margin trading and 1:100 for the trade copy service. Communication with technical support is via email and through social networks. The table below shows the rest of the trading conditions of the service.
$1
Minimum
deposit
1:1000
Leverage
24/7
Support
| 💻 Trading platform: | Own platform |
|---|---|
| 📊 Accounts: | Standard, Demo |
| 💰 Account currency: | Cryptocurrencies, currencies |
| 💵 Replenishment / Withdrawal: | Bank cards and accounts, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | up to 1:1000 (up to 1:100 for copy-trading, up to 1:200 for BTC) |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies, currencies, indices, natural resources |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | No data |
| ⭐ Trading features: | Trade in cryptocurrencies, currency pairs, indices, resources; detailed referral program, large leverage, copy trading service |
| 🎁 Contests and bonuses: | No data |
Broker comparison table of trading instruments
| PrimeXBT | Bybit | MEXC | Binance | Delta Exchange | Bithumb | |
| Forex | Yes | No | No | Yes | No | No |
| Metalls | Yes | No | No | No | No | No |
| Crypto | Yes | Yes | Yes | Yes | Yes | Yes |
| CFD | Yes | No | No | No | No | No |
| Indexes | Yes | No | No | No | No | No |
| Stock | Yes | No | No | No | No | No |
| ETF | No | No | No | No | No | No |
| Options | No | No | No | No | No | No |
PrimeXBT Commissions & Fees
Information
PrimeXBT does not charge any fees for deposits and withdrawals. Commissions for margin trading and copying trades start at 0.001%. Their size varies depending on the trading volume and is calculated individually. Leverage fees are 0.1% for margin trading and 1% for copy trading.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | 0.001% per order | No |
The Prime XBT crypto exchange offers one of the lowest trading fees. Due to the nonexistence of additional fees, traders experience comfortable trading conditions. Here's a comparison with Prime XBT’s fees by its competitors:
| Broker | Average commission | Level |
| PrimeXBT | $0.01 | Low |
| Bybit | $20 | High |
| Bitfinex | $0.1 | Medium |
Contacts
| Foundation date | 2018 |
| Registration address | Victoria, Beau Vallon, Seychelles |
| Official site | primexbt.com |
| Contacts |
Email:
info@primexbt.com,
support@help.primexbt.com,
|
Disclaimer:
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
Read also about other cryptocurrency exchanges:
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FAQs
Do reviews by traders influence the PrimeXBT rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about PrimeXBT you need to go to the broker's profile.
How to leave a review about PrimeXBT on the Traders Union website?
To leave a review about PrimeXBT, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about PrimeXBT on a non-Traders Union client?
Anyone can leave feedback about PrimeXBT on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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