PrimeXBT vs PaxFul: Fees, Coins, Safety Comparison
| Feature | PrimeXBT | PaxFul |
|---|---|---|
Overall |
3.8 |
4.1 |
3.5 |
3.9 |
|
4.1 |
4.5 |
|
4.4 |
3.2 |
|
Investment Instruments |
3.7 |
4.1 |
Platforms and Charting Tools |
3.8 |
3.4 |
Deposit and Withdrawal |
3.5 |
5.0 |
Research |
3.7 |
2.5 |
Education |
3.7 |
5.0 |
Support |
3.3 |
3.9 |
Bonuses |
4.2 |
2.0 |
|
Your capital is at risk.
|
Your capital is at risk.
|
PrimeXBT vs PaxFul: 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 Paxful exchange is a peer-to-peer trading platform for Bitcoin, Tether, and Ethereum trading instruments. There are over 350 ways to buy and sell these cryptocurrencies. The company has its offices in 21 countries and has almost 5 million active users. A free cryptocurrency wallet, which is provided when registering on the exchange, is among the distinctive features. The security system is based on a safekeeping account, where the funds of the seller and the buyer shall be reserved to avoid the dishonesty of one of the parties.
| PrimeXBT | PaxFul | |
|---|---|---|
| Overall Pros | Ability to trade in cryptocurrencies, currencies, indices, and other assets | Low P2P fees |
| low trading commissions, large leverage; | The platform is fully localized and translated into 21 languages | |
| several options for the referral program; | Hundreds payment methods, from bank transfers to e-wallets; | |
| own service for copying trades; | Over 12 thousand reliable sellers and buyers | |
| KYC verification, high level of security; | Free Bitcoin wallet with BitGo is enabled; | |
| simple and convenient trading terminal; | Pafull pay for business | |
| A demo account is avaible | You change Bitcoin for any services and goods | |
| Overall Cons | the company does not have a call center; | Limited number of suported coins - only ETH, BTC, USDT |
| API is not supported. | Limited analytics and educatioin |
PrimeXBT vs PaxFul: Safety and Regulation
| Regulated By: | PrimeXBT | PaxFul |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
Licenced in Seychelles |
No |
PrimeXBT vs PaxFul: Trading Conditions
| Trading Conditions | PrimeXBT | PaxFul |
|---|---|---|
Minimum Deposit |
$1 |
$1 |
Trading Platforms |
PrimeXBT |
Paxful |
Max Leverage (Futures) |
1-1000 |
1:1 |
Number of Markets |
100+ |
100+ |
Trading Accounts |
2 |
1 |
Base Account Currencies |
USD, EUR, GBP + 30 fiat currencies, Cryptocurrencies |
BTC, USDT, ETH, 100+ fiat currencies for exchange |
PrimeXBT vs PaxFul: Fees
Trading Fees
| Fee | PrimeXBT | PaxFul |
|---|---|---|
Max Maker |
0.05% |
1% for sellers, 0% for buyers |
Max Taker |
0.05% |
1% for sellers, 0% for buyers |
Min Maker |
0.01% |
1% for sellers, 0% for buyers |
Min Taker |
0.01% |
1% for sellers, 0% for buyers |
Debit/Credit Card Purchase Fee |
0 |
1% for sellers, 0% for buyers |
Futures Trading fees
| Fee | PrimeXBT | PaxFul |
|---|---|---|
Max Maker |
Not supported |
not supported |
Max Taker |
Not supported |
not supported |
Min Maker |
Not supported |
not supported |
Min Taker |
Not supported |
not supported |
Non-Trading Fees
| Fee | PrimeXBT | PaxFul |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Bank Transfer Withdrawal Fee |
Not supported |
1% for sellers, No for buyers |
Debit/Credit Card Withdrawal Fee |
0.0005 BTC |
1% for sellers, No for buyers |
BTC Withdrawal Fee |
0.0005 BTC |
0.0004 for sending BTC, 0 for recieving BTC |
Inactivity Fee |
No |
No |
PrimeXBT vs PaxFul: Trading Assets
| Asset Name | PrimeXBT | PaxFul |
|---|---|---|
Overall |
41+ |
3 coins |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
No |
Dogecoin (DOGE) |
Yes |
No |
Binance Coin (BNB) |
Yes |
No |
Uniswap (UNI) |
Yes |
No |
Ripple (XRP) |
Yes |
No |
Polkadot (DOT) |
Yes |
No |
Cardano (ADA) |
Yes |
No |
Stellar (XLM) |
Yes |
No |
IOTA (MIOTA) |
No |
No |
Tron (TRX) |
Yes |
No |
Derivatives (Futures) |
No |
No |
NFT |
No |
No |
Crypto ETF |
No |
No |
PrimeXBT or PaxFul: Investment Programs
| Asset Name | PrimeXBT | PaxFul |
|---|---|---|
Staking |
Yes |
Yes |
Mining pool |
No |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
Copy Trading |
Paxful earn |
Trading Platforms: PaxFul or PrimeXBT
| PrimeXBT | PaxFul | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
Yes |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Your capital is at risk.
|
Trading Platforms Features: PaxFul or PrimeXBT
| PrimeXBT | PaxFul | |
|---|---|---|
SMS Based 2 FA |
Yes |
Yes |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
No |
Search Bar |
Yes |
No |
Filters |
Yes |
No |
Technical Analysis: PaxFul or PrimeXBT
| PrimeXBT | PaxFul | |
|---|---|---|
Indicators |
Yes |
not supported |
Drawing tools |
Yes |
not supported |
Historical Trades |
No |
not supported |
Live 2 Quotes |
No |
not supported |
Mobile trading: PaxFul or PrimeXBT
| PrimeXBT | PaxFul | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: PaxFul or PrimeXBT
| PrimeXBT | PaxFul | |
|---|---|---|
Market |
Yes |
No |
Limit |
Yes |
Yes |
Stop Loss |
Yes |
No |
Stop Limit |
No |
No |
Trailing Stop |
No |
No |
PrimeXBT vs PaxFul: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | PrimeXBT | PaxFul |
|---|---|---|
Bank Transfer |
No |
Yes |
Credit/Debit Card |
Yes |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
Yes |
Yes |
PrimeXBT vs PaxFul: Research
| Research Type | PrimeXBT | PaxFul |
|---|---|---|
News Feed |
No |
No |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
No |
PrimeXBT vs PaxFul: Education
| Education Type | PrimeXBT | PaxFul |
|---|---|---|
Demo-account/Paper Trading |
Yes |
No |
Courses |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Webinars |
No |
Yes |
PaxFul vs PrimeXBT: Support
| Support Features | PrimeXBT | PaxFul |
|---|---|---|
Working Days |
44766 |
24/7 |
Yes |
Yes |
|
Phone |
No |
No |
Online chat |
Yes |
Yes |
Other |
No |
No |
PrimeXBT vs PaxFul: Crypto Bonuses and Promo
| Promo | PrimeXBT | PaxFul |
|---|---|---|
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. |
Up to 50% of refferall trading fees |
|
Your capital is at risk.
|
Your capital is at risk.
|
Top 5 Reviews on PaxFul
-
Comment
My experience with Paxful has been negative, marred by unreliable customer support, security concerns, and high fees. The lack of protection for users' assets is unacceptable and undermines trust in the platform as a safe and reliable marketplace for buying and selling cryptocurrencies. As a client, I cannot in good conscience recommend Paxful to others, and I would advise anyone considering using the platform to proceed with caution and explore alternative options that offer a more reliable and user-friendly experience.
-
Comment
I opened a mini account in this scam, worked out a strategy and what a blessing that I first decided to test the withdrawal technology before opening a normal trading account. Now I put everything that was there on the withdrawal, namely $ 500! They can't even return the money!
-
Comment
Initially, I did not plan to trade on Paxful for a long time, it was interesting to try and compare the conditions with my then exchange. I registered, quickly passed the verification (so that, if anything, quickly withdraw the deposit) and replenished the account. There is no demo, but it is not needed with such and such minimum requirements: just a dollar is enough to deposit. On the plus side, there are many ways to replenish. But the base currency here is XBT, and I had to get confused. In terms of trade - an average option. I would not say that Paxful is very different from its competitors. There are really no analytics, and trading here is mainly due to three cryptocurrencies. Three! I won’t say that Paxful is a bad exchange, but I didn’t find anything interesting here for myself.
-
Comment
I support positive reviews about Paxful. The first thing that caught my eye when visiting this P2P platform is an intuitive interface, presented in 21 languages. This means that the company is open to cooperation with traders from different countries. And now, 2 years after registering on this site, I understand that the first impression was not deceptive. I am satisfied with the cooperation with the Paxful exchanger, if not for 100%, then for 99% for sure. Trading here is comfortable, there are no technical failures, so the execution of transactions is always on top. Honestly, I'm not surprised that the pool of buyers/sellers on Paxful is growing every day.
-
Comment
Paxful simply does not fail you. I registered on this exchanger following a recommendation from a friend. To be honest, I wouldn't have noticed it myself. It does not appear in the leaders, the trade turnover is quite modest. Well, it is understandable, only three cryptocurrencies were listed - bitcoin, ethereum and tezer. When I started working with this P2P platform, I realized why it was being praised. There is a really large pool of buyers and sellers here (according to rumors, the services of this crypto exchange are used by about 12 thousand people). At first, I traded on Paxful and on other platforms at the same time, but now I completely abandoned them.
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.