In this PrimeXBT review we will cover registration process, deposit, withdrawal, trading pairs, trading features, security, customer support and a comparison with BitMEX.
PrimeXBT is a 4th generation cryptocurrency exchange that has been making waves across the crypto landscape ever since it launched earlier in 2019. Since then, there’s no shortage of traders raving about the platform’s unique feature set and the enormous potential for profit it offers.
Cryptocurrency traders everywhere are enamored with the simplicity of the trading platform, which offers easy registration and no KYC. Within minutes traders can get started and begin profiting off even the smallest price movements thanks to industry-best 100x leverage across all assets, and the platform’s ability to both “short” and “long” crypto assets in order to profit off any direction the market goes.
The massive influx of crypto traders flocking to PrimeXBT is evident in the exchange’s trading volumes, which recently surpassed CME Bitcoin Futures and is on track to reach $250 billion before the year’s end.
With such incredible momentum, PrimeXBT was well-deserving of a detailed review, as it has the potential to become one of the top platforms for traders in the crypto market, due to the fact it was built on a foundation of experience and understanding of decades in investing in traditional markets.
Registration with PrimeXBT
Registration with PrimeXBT is as easy as it gets, taking no more than a minute or two to get signed up and logged in.
PrimeXBT values the privacy of cryptocurrency traders everywhere, so there’s no arduous or invasive KYC process. No personal information is required, which will help you get started more quickly. In just a few clicks, traders can get started turning profits.
Deposit and Withdrawal
PrimeXBT has among the lowest minimum deposits in the crypto market at just 0.001 BTC. Deposits can be made in Bitcoin, or via fiat currencies like USD, EUR, or other crypto assets using a third-party partners service called Changelly. Up to 130 altcoins are supported for deposit.
Withdrawals are just as simple, however, before a user can withdraw any funds, for their protection, users must first add an address to a whitelist of approved addresses. This adds a layer of security for traders, as funds can only be sent to an address added to the whitelist.
Cryptocurrencies and Trading Pairs
While doing the PrimeXBT review PrimeXBT wew found the following trading pairs BTC/USD,XRP/USD, ETH/USD, LTC/USD, and EOS/USD. PrimeXBT is one of few platforms for trading cryptocurrencies with 100x margin.
Trading Features and Fees
If everything outlined thus far wasn’t impressive enough, PrimeXBT really shines when it comes to their trading features not found elsewhere in the cryptosphere. Based on decades of experience in traditional markets and deeply understanding the unique needs of traders of all skill levels, PrimeXBT makes profiting easy for even the most novice traders.
PrimeXBT offers traders the ability to “short” the market and profit off of falling prices, which as been exceptionally lucrative during the bear market Bitcoin and other cryptocurrencies have been in since the start of 2018.
But even as the crypto winter comes to an end and trading ranges begin to tighten, PrimeXBT still can generate significant profits for traders by using 100x leverage. In the current market environment, prices moves are often 1% or less, which can cause traders to struggle to turn a worthwhile profit. However, with PrimeXBT and leverage, traders can turn a 100% profit off even just a 1% move.
For example, if a crypto trader starts with an order for $1,000 worth of BTC, and the price rises 5%, using 100x leverage would cause the trader to gain $5,000. No other exchange can offer traders such amazing profit potential.
Best of all, PrimeXBT has extremely low fees that don’t eat away at a trader’s hard earned profit. Trading fees are capped at 0.05% across all assets, and the platform often hosts fee-free trading days and other exciting promotions that help reduce the already small fees further.
PrimeXBT Review Security
When we reviewed the PrimeXBT security we did notice that PrimeXBT offers a multi-level, bank-grade security system and infrastructure. The majority of digital assets are kept in offline cold storage for safe-keeping, while customer assets are further protected by industry-best standards such as two-factor authentication, address whitelisting, and much more.
PrimeXBT Review Customer Support
While doing this PrimeXBT review we did notice the they offer 24/7 livesupport which is great. The platform is easy to navigate and the trading tools simple to take advantage of. The friendly support staff are always ready and willing to lend a hand and help to improve the user experience.
PrimeXBT Versus BitMEX
One common comparison found throughout the crypto community puts PrimeXBT head-to-head with BitMEX. The two exchanges both offer 100x leverage on Bitcoin and the ability to profit off both rising and falling crypto prices, however, PrimeXBT offers significantly more crypto assets, better security, user customization, advanced trading tools, more order types, and best of all – a reliable and stable trading experience. Read our full BitMEX review.
Conclusion - PrimeXBT Review
We summarize our PrimeXBT review summary with the conclusion that this newcomer offers the some of the best trading features across the market, and have helped more traders earn profits during the current, tight trading range than any other exchange.
For traders that value privacy, profits, and a safe, secure, stable experience, then PrimeXBT is the only answer. With endless user customization, many order types, and so much more, PrimeXBT is the most fully featured exchange found anywhere in the crypto market.