Is PrimeXBT safe? and detailed instructions for Trading on PrimeXBT.

June 19, 2021

Launched in 2018 has 3 offices globally and has over 40 employees. The PrimeXBT trading platform allows you to trade over 30 different assets including traditional stocks, forex and cryptocurrencies with no KYC required. PrimeXBT has come a long way in a fairly short amount of time.

Currently, the platform is having an average daily trading volume of over $375,000,000 with an increasing focus on attracting both professionals and new players. That makes PrimeXBT one of the giants in leveraged Bitcoin trading.

PrimeXBT currently serves over 150 different countries and uses modern technology to run their trading platform. The catch here is that you can't actually buy Bitcoin on PrimeXBT, but you can profit from its price fluctuations.

PrimeXBT's partners include well-known market institutions including Bitfury and Covest.

Overview of PrimeXBT

Advantages

Signing up for a PrimeXBT account is completely free, simple implementation.

100% anonymous, no KYC verification required and no personal information required.

Competitive service fee

Secure user's personal information including address, two-factor authentication.

Ultra-fast trade execution thanks to cutting-edge technology and leading liquidity sources.

Leverage up to 1:100 on crypto assets. This is very competitive.

Easy access to Cryptocurrencies, indices trading, commodity trading and forex trading.

Easy-to-use platform interface, web support and both iOS and Android operating systems.

The most competitive low transaction fees available today.

Modern sophisticated platform suitable for professional traders as well as novice traders

24/7 support when you need it.

Defect

No demo account is offered. This would be perfect for practicing, testing strategies and getting familiar with the platform in a risk-free live trading environment.

Service is not available for customers from the United States, Canada, and other regions where local laws would interfere with PrimeXBT services.

Is PrimeXBT safe?

The main question you can ask yourself here is ‘Should I trust PrimeXBT? ' Here, let's take a look at PrimeXBT's safety and legality.

Overall, I believe Prime XBT is a safe crypto exchange. I love how transparent their company information is on the PrimeXBT referral page, it shows that they are not a complete scam. In addition to the company information, I was able to find a LinkedIn page with links to their employee profiles, which gave me peace of mind before depositing money into PrimeXBT.

Instructions on how to register for the PrimeXBT trading platform

Registering an account on the PrimeXBT platform is not difficult and almost anyone can start creating one for themselves. The process of registering for a PrimeXBT account only takes a few minutes to complete, with simple procedures, no need to verify personal information, but still ensure transaction safety and security.

Step 1: Log in at the address below to access the PrimeXBT homepage.

Step 2: Proceed to register an account, select the registration section.

Step 3: Then click on the box "I accept the terms and conditions of the privacy policy". Then click the “Register” button.

Step 4: Next, go to the email you used to register for a PrimeXBT account, find the PrimeXBT authentication email sent to you and click on that email to complete the registration for a PrimeXBT floor account.

Step 5: Select the country where you registered, finally press Finish.

Step 6: Now you can start trading on PrimeXBT.

Deposit and Withdraw on PrimeXBT

1 Recharge

Currently, the PrimeXBT platform allows to load BTC into the wallet and the exchange will convert it to other coins or fiat money before conducting the transaction.

PrimeXBT allows investors to deposit BTC in 2 ways, one is to load directly from a wallet available on another platform, Second is to buy BTC with Visa/Mastercard via Simplex.

With a direct deposit from a wallet on another platform: the minimum deposit is 0.001 BTC and the deposit is free.

With how to buy BTC from Simplex: the minimum purchase amount with the first purchase converted to USD is $ 50, the maximum is $ 20,000 / day. If paying in USD, Simplex will charge 5% fee (minimum $ 10), if paying in other coins, an additional 5% conversion fee.

Note: PrimeXBT processes all pending withdrawals once a day, from 12:00 to 14:00 UTC. Withdrawal requests deposited before 12:00 UTC will be processed on the same day. Any withdrawal requests after 12:00 UTC will be processed the next day.

2 Withdrawals

Go to primexbt.com/my/account/withdraw

Add withdrawal address

Enter the amount you want to withdraw and press 'Withdraw'

Confirm withdrawal on your email address

Wait for your withdrawal – it's that simple

Currently, the platform only allows BTC to be withdrawn to investors' wallets. Before withdrawing, your trading account needs to be transferred to the personal wallet set up in the accounts section.

Trading on PrimeXBT platform

Now I will show you exactly how you can make trades on PrimeXBT and share my opinion on the process with you. Before you can make trades, you need a free PrimeXBT account. If you need a subscription, you can do so on PrimeXBT.

What can you trade on PrimeXBT?

PrimeXBT is well known for offering a wide selection of assets on their Bitcoin trading platform, including Forex and Stocks, which is unprecedented for crypto exchanges. Here is the full list of assets (currencies/pairs) you can trade on PrimeXBT:

1. Cryptocurrencies

Bitcoin (BTC/USD)

Ethereum (ETH/USD)

EOS (EOS/USD)

Litecoin (LTC/USD)

XRP (XRP/USD)

2. Forex

AUD / CAD

AUD / CHF

AUD / JPY

AUD/USD

EUR / AUD

EUR / CAD

EUR / CHF

EUR / GBP

EUR / JPY

EUR/USD

GBP / AUD

GBP / CAD

GBP / CHF

GBP / JPY

GBP / USD

USD / CAD

USD / CHF

USD/JPY

3. Commodities

XAG/USD

XAU/USD

BRENT

CRUDE

NAT.GAS

4. Indices (Stocks)

GER30

SP500

NASDAQ

HK-HSI

AUS200

JAPAN

UK100 (FTSE100)

Now that you know what you can trade on PrimeXBT, I will show you how you can trade it. Open free account

Fees on PrimeXBT

On the PrimeXBT platform, you will encounter two types of fees: Transaction fees and overnight financing fees. Since the tools at PrimeXBT are leveraged products, you capitalize the trade value through overnight financing. This borrowing (capitalization) cost depends on the liquidity of the underlying asset.

If you open and close a leveraged position on the same trading day, you will not incur overnight financing.

Also when withdrawing BTC, the platform will charge 0.0005 BTC/1 withdrawal.

Start trading now

Primexbt Mobile App

MULTIPLE ORDER TYPES
Execute a variety of advanced order types such as market, limit, and stop orders, as well as take profit, stop loss, and OCO orders (one cancels the other).

EASY TO USE
The user-friendly graphical interface and tutorials makes PrimeXBT easy to use for anyone, new or experienced.

LIVE TRANSPARENT PORTFOLIO REPORTING
Access real-time portfolio metrics and position performance data right at your fingertips, from anywhere in the world.

Start Trading Now