Everything to Know About the PrimeXBT Exchange

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Crypto traders who look for a versatile trading platform often opt for PrimeXBT Exchange. This is a crypto-to-crypto platform where the interested parties can trade a number of assets. Some of the assets that can be traded through this exchange include CFDs, digital currencies, and Forex assets.

This exchange was established in 2018, however, it is now one of the topmost crypto exchanges in the market. It offers its services to users from more than 150 countries across the globe.

Despite the fact that it supports different assets, the PrimeXBT trading accounts can only be funded with Bitcoin. This means that any interested party looking to use the platform would have to purchase Bitcoin before they start using the exchange.

Here are the major aspects you need to know about the exchange.

User Experience of PrimeXBT

The user interface of a crypto exchange is an essential aspect that needs to be analyzed by the interested parties before they start trading or investing in digital assets. As a first-timer, you need to know that every crypto exchange is not suitable for you to use as some are designed with more complexity and according to the requirements of the experts.

Therefore, you need to opt for a platform that has a user-friendly interface and is easy to navigate for experienced and inexperienced people alike.

The PrimeXBT exchange has a user-friendly interface, which is why many beginners and experts prefer to use it. As a first-timer, you can get to know details such as, through a brief PrimeXBT review.

Security Offered by the Exchange

One of the most popular and important questions that people often ask is, “Is PrimeXBT legit?”. The legitimacy and trustworthiness of a platform are essential factors as there are exchanges that do not take the security of their users seriously. Using such an exchange does not only adversely affect the experience of crypto trading or investing but also compromises the funds and information of the users.

Therefore, it is important to be sure about the security offered by a platform before you use it to buy or trade digital assets. To the delight of crypto enthusiasts, PrimeXBT is a trading platform that prioritizes the security of its users’ funds above all else.

This exchange makes use of cutting-edge security systems to ensure that the users’ funds and information remain safe from cyber threats and failures of any kind.

  • Cold wallet storage
  • Secured Socket Layer (SSL)
  • Dedicated server for the web platform
  • Two-factor authentication (2FA)

Trading with Leverage

Leverage trading is a way for people to get more exposure to the crypto market. However, it can be a complex mechanism and should not be indulged in unless you are familiar with the concept. The reason being that trading with leverage can result in some profits, however, it is never guaranteed and the chances of losing the profits are at an equal level.

Choosing a proper and trustworthy exchange for leverage trade can also make all the difference. PrimeXBT offers up to 100x leverage and is known to be one of the best ones opted by crypto traders.

However, if you want to know, “can I leverage trade on PrimeXBT in America?” then you should know that the exchange does not offer its services in the United States. People living in the USA should look for a more suitable and available platform.

How Much Fee You Have to Pay?

Every cryptocurrency exchange charges a fee to the users, whether it is at the time of making deposits, withdrawals or while trading. However, the amount charged by each exchange can differ and can also vary based on how transparent and fair it is.

As mentioned above, PrimeXBT allows the trading of several assets and charges a flat commission per trade of any of the available assets.

Other details regarding the fee structure of the PrimeXBT trading platform you need to know about are as follows:

  • Flat trading fee of 0.05%
  • Overnight finance fee for keeping a position open
  • A withdrawal fee of 0.0005 BTC

Features of the Trading Platform

As mentioned above, PrimeXBT is a trading platform that is used by a large audience. This is because it is a user-friendly platform that has numerous in-built features such as helpful videos, articles, and tutorials for beginners.

Some other aspects of this trading platform are mentioned here:

  • More than 90 different in-built indicators
  • Easy-to-customize and user-friendly layout
  • Several order types

Covesting Feature

One of the most outstanding aspects you can know about in this brief PrimeXBT review is its Covesting feature that allows copy trading. This exchange allows beginners to copy the trades of experts and trade easily even if they are occupied and have a demanding schedule. 

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