PrimeXBT is a Bitcoin-based multi-asset margin trading platform founded in 2018 that allows users to trade crypto, forex, commodities, and stock indices with up to 100x leverage. Our PrimeXBT review will evaluate its features, fees, security, user experience and more to help you decide if it’s a good fit for your trading needs.
- PrimeXBT offers a $100 welcome bonus for new users who deposit at least $500 within 48 hours of account opening
- It has competitive trading fees, with Maker and Taker fees as low as 0.05%
- Users can buy, sell, and transfer supported cryptocurrencies directly on the PrimeXBT platform
PrimeXBT Review of Pros and Cons
|Competitive trading fees
|No demo trading accounts
|Good security features
|Limited payment options
|Fast account verification
|Relatively low liquidity
|Up to 100x leverage
|Lucrative rewards programs
- Global rank decreased from 77,402 to 75,824 over the past 3 months
- 613.1K total visits in the past month
- 0.69% decrease in traffic compared to previous month
- 56.33% bounce rate
- 5.73 pages per visit
- Average visit duration is 2 minutes 59 seconds
- 76.02% of audience is male, 23.98% is female
- Largest audience age group is 25-34 years old at 34.31%
- Top visitor country is Spain with 17.78% of traffic
- 58.1% of traffic comes from direct visits, 24.81% comes from organic search
PrimeXBT offers competitive trading fees compared to other margin trading platforms. Taker fees start at 0.05% and go down based on 30-day trading volume. Maker fees are 0% for crypto and 0.02% for other instruments. There are no deposit fees, and withdrawal fees vary by coin.
PrimeXBT implements strong security measures including Cloudflare protection, encrypted SSL connections, two-factor authentication, and cold wallet storage for crypto assets. They have maintained a strong track record without any major security breaches.
PrimeXBT Verification Process
The PrimeXBT account verification process is fast and straightforward. To register, you just need to enter your email and set a password. Email verification takes less than 5 minutes. For withdrawals, ID verification takes 1-2 days on average.
PrimeXBT Customer Service
PrimeXBT’s customer support team is available 24/7 via email and live chat. They guarantee a response within 2 minutes for live chats. There is also an extensive help center and active Discord community for self-service support. Reviews of their customer service have been largely positive.
PrimeXBT User Experience
The PrimeXBT platform interface is well-designed, intuitive, and easy to navigate. Trading views are customizable and include charts, order books, positions, and order forms. It offers features suited for both beginner and advanced traders. With the one-click trading feature, the platform is extremely easy to use even for crypto trading beginners.
Available Tokens on PrimeXBT
PrimeXBT supports trading of over 50 popular cryptocurrency pairs against USD or BTC. This includes top coins like Bitcoin, Ethereum, Ripple, Litecoin as well as DeFi tokens and stablecoins. It does not have its own native token. Users can deposit, trade, and withdraw all supported coins directly on the PrimeXBT platform.
Regulatory Compliance and Legal Status
PrimeXBT complies with international AML/KYC laws and is incorporated in St. Vincent and the Grenadines. However, residents of the US, Canada, Israel, Sudan, Syria, North Korea, Iran, and a few other countries are prohibited from opening accounts.
Liquidity and Volume
As an exchange focused more on derivatives trading rather than spot, PrimeXBT has lower liquidity and trading volumes compared to top spot exchanges. Its 24-hour traded volume currently stands at over $100 million. Liquidity and spread vary across different trading pairs.
Staking and Lending Options
PrimeXBT currently does not offer any cryptocurrency staking or lending services on its platform. It is purely focused on speculative trading.
App and Web Experience
PrimeXBT Web Experience
The PrimeXBT web interface provides a full-featured trading experience with customizable layouts and easy order entry. It includes charts, order books, positions, news feeds as well as copy trading options. It works smoothly across all major web browsers.
PrimeXBT App Experience
The PrimeXBT mobile app provides IOS and Android users similar trading features as the web platform. It allows you to easily monitor your portfolio, open and close positions, modify orders, and use charting tools on-the-go. The app also includes touch/face ID login, push notifications, and night mode.
PrimeXBT stands out as a reliable one-stop margin trading platform catering to both crypto and multi-asset traders. With features tailored for both beginners and professionals as well as high leverage ratios of up to 100x, it provides a compelling offering compared to other margin platforms.
While more USD funding options, higher liquidity, and demo accounts would make PrimeXBT better, overall it remains an excellent platform based on features, fees, and security.
|20x (50x KYC)
Does PrimeXBT require KYC verification?
Email verification is required to register and trade. ID verification is required only for fiat withdrawals.
Can you short cryptocurrencies on PrimeXBT?
Yes, PrimeXBT allows up to 100x margin short selling across 50+ cryptocurrency trading pairs.
What is the maximum leverage on PrimeXBT?
PrimeXBT allows up to 100x leverage across crypto, forex, commodities, and indices. Leverage varies by specific instrument traded.