PrimeXBT PrimeXBT

As an exchange that allows the trading of Bitcoin and traditional financial assets, PrimeXBT is a leading crypto trading platform. It was founded in 2018 and became a leading crypto trading platform in the margin trading industry.
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Bitcoin
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$67,386.60
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0.52%
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$83.50
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Binance Coin
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$590.00
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XRP
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-2%
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$16.14
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-7.18%
$5.64
Polkadot
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$7.10
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TRON
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$0.12
Polygon
Polygon
MATIC
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$0.72
Axie Infinity
Axie Infinity
AXS
-4.2%
$7.50
Klaytn
Klaytn
KLAY
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$0.18
Tezos
Tezos
XTZ
-3.6%
$0.98
The Sandbox
The Sandbox
SAND
-5.34%
$0.45
EOS
EOS
EOS
-3.81%
$0.82
Shiba Inu
Shiba Inu
SHIB
-4.51%
$0.0000241800

In addition to cryptocurrency, Bitcoin can be used as collateral for trading in the forex, commodities, and indices markets. PrimeXBT trading services, number 148707, was registered in Seychelles under this exchange. Before early 2019, the company did not offer trading services; later, it opened an office in St. Vincent and The Grenadines, and it shifted its trading infrastructure to Switzerland. We have provided detailed information about PrimeXBT in this PrimeXBT review.

Providing CFDs and cryptocurrency trading, PrimeXBT cryptocurrency exchange is a well-known online cryptocurrency exchange. The platform has the largest trade volume. Company has a proven track record and has grown rapidly within a short period of time. Clients throughout the world use its services.

The PrimeXBT trading engine provides both new and experienced traders with exclusive tools to enhance their trading performance. In order to protect investor funds and their trading activities from cyber threats, industry-standard security practices have been implemented.

It allows users to trade traditional and crypto markets using Bitcoin as a collateral, as well as different types of orders such as limit orders and stop-loss orders.

The features of PrimeXBT

Based on Prime XBT review, Prime XBT allows its users to use Bitcoin only accounts, as well as deposit using Bitcoin, Tether, Ethereum, USD Coins, etc.; however, all trades executed on the platform will be executed in Bitcoins.

A Prime XBT trading service offers anonymity to its cryptocurrency traders, implying that KYC is not required before trading can begin. Although it is self-regulated, it has partnered with numerous anti-money laundering authorities around the world.

The PrimeXBT review reveals that the platform provides a well-designed and creative platform that allows widgets to be customized. In addition to providing over 12 integrated liquidity providers, the platform can execute over 12,000 orders every second and can execute the average market order immediately.

Traders who use the PrimeXBT module can track their trade using another crypto social trading platform; they can copy the trades of other successful traders and use them to their advantage.

How safe is it to use PrimeXBT?

Despite being relatively new, PrimeXBT has never been hacked. To ensure the safety of funds, a variety of security measures have been implemented. It is common practice among all cryptocurrency exchanges to store Bitcoin funds offline in cold storage. 

PrimeXBT will also review some withdrawals manually if necessary, and only process withdrawals once a day. This platform has yet to experience any major incidents.

PrimeXBT: How to buy cryptocurrency

You can only make payments with Bitcoin using PrimeXBT, as it is a crypto-to-crypto exchange. Consequently, the process of ‘loading your account’ with funds might differ from what a retail trader would normally do.

PrimeXBT requires that you set up a secure Bitcoin wallet before you use it. Alternatively, you can get your Bitcoin by withdrawing FIAT cash from Bitcoin ATMs and shopping

The deposit, withdrawal, and fee structure for fiat currencies in PrimeXBT

Bitcoin is the only form of payment on the exchange. That means withdrawals and deposits can only be done with Bitcoin. All other cryptocurrencies are offered by PrimeXBT for trading against Bitcoin. Using a credit card is also possible on the platform, and there is a minimum deposit requirement of 0.001 BTC.

In similar fashion to BitMEX, the exchange only handles withdrawals once a day and charges a fee of 0.0005 BTC per transaction. 

All cryptocurrencies are charged a flat fee of 0.05% at PrimeXBT. All forex currencies are charged a flat fee of 0.001%, and indices and commodities are charged a flat fee of 0.01%. Orders for Bitcoin require a 0.01 BTC minimum size, which is a bit high for cryptocurrencies. 

Overview

PrimeXBT is ideally suited for advanced traders and for those who want to advance their trading skills. Privacy-conscious users will definitely appreciate the design of this app, as it’s designed to be anonymous.

Those who have used an online exchange before will be familiar with its intuitive interface and wide range of powerful tools and customization options will be satisfied even the pickiest of users. Since the registration process takes so little time, there’s no excuse not to try PrimeXBT if you’re looking for something new.

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