Is PrimeXBT a Good Crypto Exchange for Beginners?

Trading Conditions for PrimeXBT Users

Before you start working with an exchange, it is important that you evaluate its trading conditions. PrimeXBT offers traders the following conditions.

Investment programs of PrimeXBT

It is important for novice traders not only to trade actively, but also earn passive income. Passive investing can help you earn extra profit, and also compensate for the losses you may incur as a result of active trading. PrimeXBT offers the following passive income options.

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.

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.