PrimeXBT vs Binance: Fees, Coins, Safety Comparison
| Feature | PrimeXBT | Binance |
|---|---|---|
Overall |
3.8 |
4.8 |
3.5 |
4.5 |
|
4.1 |
4.8 |
|
4.4 |
5.0 |
|
Investment Instruments |
3.7 |
4.7 |
Platforms and Charting Tools |
3.8 |
4.9 |
Deposit and Withdrawal |
3.5 |
4.7 |
Research |
3.7 |
4.6 |
Education |
3.7 |
4.8 |
Support |
3.3 |
4.8 |
Bonuses |
4.2 |
4.2 |
|
Your capital is at risk.
|
Your capital is at risk.
|
PrimeXBT vs Binance: Pros and Cons
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.
The Binance exchange is one of the largest cryptocurrency exchanges in the world with its headquarters in Hong Kong. According to the CoinMarketCap cryptocurrency portal, Binance holds the top spot in terms of aggregate indicators of the platform's daily turnover, the number of novices and active users, liquidity, and web traffic (ranking, queries, statistics in search engines, etc.). The exchange is also a cryptocurrency startup that has its own “native asset” used in the Binance ecosystem as the “basis gas” (payment internal unit).
| PrimeXBT | Binance | |
|---|---|---|
| Overall Pros | Ability to trade in cryptocurrencies, currencies, indices, and other assets | Trading With Leverage up to 1:100 |
| low trading commissions, large leverage; | Low Trading and Non-Trading Fees | |
| several options for the referral program; | 10+ Account Fiat Currencies + 50 Crypto | |
| own service for copying trades; | Derivatives, NFT, ETF are Available | |
| KYC verification, high level of security; | Indicators are Available | |
| simple and convenient trading terminal; | Passive Income With Staking and Mining Pool | |
| A demo account is avaible | Strong Research | |
| Overall Cons | the company does not have a call center; | No tier-1 regulation |
| API is not supported. |
PrimeXBT vs Binance: Safety and Regulation
| Regulated By: | PrimeXBT | Binance |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
Licenced in Seychelles |
Registered as Digital Asset Service Provider (DASP) by Autorité des marchés financiers (AMF) |
PrimeXBT vs Binance: Trading Conditions
| Trading Conditions | PrimeXBT | Binance |
|---|---|---|
Minimum Deposit |
$1 |
$1 |
Trading Platforms |
PrimeXBT |
Binance |
Max Leverage (Futures) |
1-1000 |
1-100 |
Number of Markets |
100+ |
1.358 |
Trading Accounts |
2 |
1 |
Base Account Currencies |
USD, EUR, GBP + 30 fiat currencies, Cryptocurrencies |
USD, EUR, GBP +10 fiat currencies, 50+ Cryptocurrencies |
PrimeXBT vs Binance: Fees
Trading Fees
| Fee | PrimeXBT | Binance |
|---|---|---|
Max Maker |
0.05% |
0.1% |
Max Taker |
0.05% |
0.1% |
Min Maker |
0.01% |
0.012% |
Min Taker |
0.01% |
0.024% |
Debit/Credit Card Purchase Fee |
0 |
0.01 |
Futures Trading fees
| Fee | PrimeXBT | Binance |
|---|---|---|
Max Maker |
Not supported |
0.02% |
Max Taker |
Not supported |
0.04% |
Min Maker |
Not supported |
0 |
Min Taker |
Not supported |
0 |
Non-Trading Fees
| Fee | PrimeXBT | Binance |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Bank Transfer Withdrawal Fee |
Not supported |
1.5 USD |
Debit/Credit Card Withdrawal Fee |
0.0005 BTC |
0.0001 |
BTC Withdrawal Fee |
0.0005 BTC |
0.0001 BTC |
Inactivity Fee |
No |
No |
PrimeXBT vs Binance: Trading Assets
| Asset Name | PrimeXBT | Binance |
|---|---|---|
Overall |
41+ |
396+ |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
Yes |
Yes |
Binance Coin (BNB) |
Yes |
Yes |
Uniswap (UNI) |
Yes |
Yes |
Ripple (XRP) |
Yes |
Yes |
Polkadot (DOT) |
Yes |
Yes |
Cardano (ADA) |
Yes |
Yes |
Stellar (XLM) |
Yes |
Yes |
IOTA (MIOTA) |
No |
Yes |
Tron (TRX) |
Yes |
Yes |
Derivatives (Futures) |
No |
Yes |
NFT |
No |
Yes |
Crypto ETF |
No |
Yes |
PrimeXBT or Binance: Investment Programs
| Asset Name | PrimeXBT | Binance |
|---|---|---|
Staking |
Yes |
Yes |
Mining pool |
No |
Yes |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
Copy Trading |
No |
Trading Platforms: Binance or PrimeXBT
| PrimeXBT | Binance | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
Yes |
Yes |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Your capital is at risk.
|
Trading Platforms Features: Binance or PrimeXBT
| PrimeXBT | Binance | |
|---|---|---|
SMS Based 2 FA |
Yes |
Yes |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
Yes |
Filters |
Yes |
Yes |
Technical Analysis: Binance or PrimeXBT
| PrimeXBT | Binance | |
|---|---|---|
Indicators |
Yes |
Yes |
Drawing tools |
Yes |
Yes |
Historical Trades |
No |
Yes |
Live 2 Quotes |
No |
Yes |
Mobile trading: Binance or PrimeXBT
| PrimeXBT | Binance | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: Binance or PrimeXBT
| PrimeXBT | Binance | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
Yes |
Yes |
Stop Limit |
No |
Yes |
Trailing Stop |
No |
Yes |
PrimeXBT vs Binance: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | PrimeXBT | Binance |
|---|---|---|
Bank Transfer |
No |
Yes |
Credit/Debit Card |
Yes |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
Yes |
Yes |
PrimeXBT vs Binance: Research
| Research Type | PrimeXBT | Binance |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
Yes |
PrimeXBT vs Binance: Education
| Education Type | PrimeXBT | Binance |
|---|---|---|
Demo-account/Paper Trading |
Yes |
No |
Courses |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Webinars |
No |
Yes |
Binance vs PrimeXBT: Support
| Support Features | PrimeXBT | Binance |
|---|---|---|
Working Days |
44766 |
24/7 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
Telegram |
PrimeXBT vs Binance: Crypto Bonuses and Promo
| Promo | PrimeXBT | Binance |
|---|---|---|
Crypto Bonus |
A deposit bonus of 7% on deposit, up to $7,000 |
No |
Affiliate Program |
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. |
40% of the partner's trading commissions |
|
Your capital is at risk.
|
Your capital is at risk.
|
Top 5 Reviews on Binance
-
Comment
Binance has been super flexible when it comes to payment methods. It offers the usual mediums like bank deposit, debit card/credit card, crypto deposit, while also supporting newer ones like my favorite e-wallet. Integrating my e-wallet with my Binance account made all the withdrawals instant whenever I sell USDT in the P2P marketplace. The conversion rate is also attractive, making this method favorable to those who are frequently buying and selling on the platform. I withdraw money from them at least once a month and never experience delays. On a side note, I always use the same e-wallet account and had not tried doing it using bank transfers because of fees associated with doing so. There is no fee on this method so I prefer to use it over others.
-
Comment
Despite the growing number of reported hacks in the crypto space, I never once felt worried about using Binance as my crypto exchange. They have the most extensive security verification methods, and this makes me feel that trusting my funds with them is one of the best decisions I’ve made. Earlier this year I lost my phone number to which my Binance acct was connected and got very worried that my funds will be compromised. Turns out, it was easy to replace my old contact info with my new number, and they also suggested that I activate my 2-factor authentication for an extra layer of protection. I have also recently activated my passkeys for added security. All these years, Binance has been nothing but a trustworthy platform to me. I only trade crypto with them and nowhere else.
-
Comment
I created my account with Binance four years ago. It was during the middle of the crypto boom. I thought it was just a phase and would completely forget about it after the pandemic. But it turns out it is not :D. I still actively trade with the same account. Probably what made me stay is the ease of use, either when I am trading with the website or through the Binance app. Features in both platforms are easy to understand and use. I never had to consult YouTube videos as I normally do with my other brokerage accounts to figure out how a certain tool/button works. What you see is what you get. Never had issues with order execution, deposits, and withdrawals either which made the overall trading experience an excellent one all these years. I think Binance took over the crypto market easily for the same reason. It sold us the idea that trading is easy after all.
-
Comment
My experience with Binance has been predominantly positive. The platform's extensive cryptocurrency offerings, user-friendly interface, advanced trading features, and commitment to security make it a compelling choice for both novice and experienced traders alike.
-
Comment
Binance is the best cryptocurrency exchange for me. There is a very rich selection of cryptocurrency pairs, and many new tokens are added. The crypto rate is market-based, I checked with different exchanges, there is no big difference. With Binance, you can get a good return. I recommend the exchange.
Top 5 Reviews on PrimeXBT
-
Comment
PrimeXBT has a lack of transparency regarding fees that can eat into profits. I cannot recommend PrimeXBT as a reliable option for crypto trading. Potential users would be wise to explore alternative exchanges offering more user-friendly interfaces, transparent fee structures, and robust security measures.
-
Comment
It has recently become impossible to trade with primexbt, as the trading platform freezes very much when opening an order, and when it reaches the take, it does not close immediately, so the price turns in the other direction!
-
Comment
I feel comfortable trading with PrimeXBT, I have no questions about this company. Trading conditions are acceptable. Trading itself is going well. There are no problems, no failures, etc. withdrawals are fast too. So everything is ok.
-
Comment
No one will get bored in PrimeXBT. There are a lot of opportunities for trading and assets. Traders of different skill levels will find the most profitable for them. The broker does not interfere with trading, everything is always fast. I mean execution. And most importantly - withdrawals! They are quick and efficient! I advise you to trade here! You won’t blame me)
-
Comment
Quality broker. I advise for beginners, the conditions for trading are excellent, the spreads are acceptable. And most importantly - the broker withdraws profit! It's worth it guys!
FAQs
What should I start Crypto trading with?
For starters, you need to learn what crypto trading is, understand what cryptocurrency is and the risks and opportunities cryptocurrency trading has. It is also important to learn the existing strategies. The second step is to choose the best crypto exchange with good trading conditions. A demo account that you can use to gain valuable experience risk free is an important advantage of an exchange.
What amount should I start trading with?
It is recommended to start trading cryptocurrencies with a small amount. That way, if you partially lose it, it won’t pose a serious financial problem for you. This is because cryptocurrencies are highly volatile, which carries certain risks for novice traders. The majority of cryptocurrency exchanges allow traders to start from a small amount – from $1 to $50 or its cryptocurrency equivalent.
What should I take into consideration when choosing a crypto exchange?
The first thing experts recommend looking at when considering crypto exchanges is their reliability. Other important features include basic trading conditions, commissions and fees, customer reviews. If crypto exchanges are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One crypto exchange may be good for professionals and another – for novice traders.
Can a cryptocurrency exchange turn out to be a scam?
Unfortunately, this does happen. Therefore, it is better to choose cryptocurrency exchanges that have been operating in the market for at least several years and have a stable reputation. Regulation of an exchange in one of the countries with high legal culture is also an advantage.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.