Starting from the beginning of 2019, PrimeXBT has expanded its premises to open St.Vincent and Grenadine offices. Furthermore, the company has moved its commercial infrastructure to Switzerland. With a daily trading volume of $375 million on the platform, the platform has achieved great success in a very short time.
A lot of PrimeXBT's success can be attributed to the platform's leveraged trading for a diverse range of assets. These assets include six crypto pairs and multiple forex/commodity assets with 100x and 1000x leverage, respectively.
Furthermore, the platform makes great use of the liquidity offered by the notable larger exchanges and market makers in the industry by aggregating it. With traders from over 150 different countries, PrimeXBT is one of those rare platforms that doesn't have a huge number of restrictions; however, it restricts trading from some countries and provinces such as the United States and Quebec.
With more and more high-risk coins, projects, tokens and products being introduced to the market, you have to do your own research. Understanding a company's viability, finances, concepts, mechanisms, and security is important when choosing a platform for your transactions. Interestingly, PrimeXB has an entire section on its website detailing the various security protocols it uses.
With increasing attention from malicious users like scammers and hackers, many exchanges have fallen victim to them. Billions, if not millions, of dollars have been stolen from notable exchanges. Considering the risks associated with negative attention from hackers, PrimeXBT keeps most of its coins in cold storage.
PrimeXBT keeps user funds in a secure offline environment, away from any internet connection, thus greatly reducing risk. Although to manage their current payments and withdrawals, the platform has no choice but to use hot wallets; however, only a limited number of assets are held in hot wallets. PrimeXBT used multi-signature access to any movement from cold wallets to hot wallets to further enhance the security of their exchange.
This means that in order for transactions to take place on the platform's wallet, they need to authorize transactions from several key holders. Doing so will greatly reduce the risk of a point of failure.
In addition, PrimeXBT uses CloudFlare's technology to mitigate the risk of potential Distributed Denial of Service Attacks, commonly known as DDoS. Finally, PrimeXBT has also implemented advanced hardware modules to implement their trading technology by hosting on AWS web servers, which are known to be some of the best in the industry.
PrimeXBT Trading is fully encrypted with SSL encryption. This means that all user communications with the platform and across the platform will be encrypted, making it harder for hackers to hear and breach.
Moreover, it will also help users to determine if they are on a scam or phishing site. Usually, websites without SSL encryption are considered unsafe and can harm you.
Finally, PrimeXbT uses bcrypt, a popular password hashing algorithm, to store users' passwords. This means users can relax without worrying about their passwords and data being compromised by hackers.
Despite all protocols, let's say a hacker gets access to your password. PrimeXBT has taken all the necessary steps to make security impenetrable. In the case of a hacker, gaining access to a user's password will still keep the account secure, thanks to the 2FA protocols established on the platform. This means that users must allow login on their phone through Google authenticator or other authentication methods to gain access to the account.
Although, with the security protocols established by PrimeXBT, it is very unlikely that hackers gain access to your account; however, you can always go further with setting up 2FA on your phone. Setting up 2FA on PrimeXBT is relatively easy. All you have to do is navigate to the security settings, scan the QR Code, store the backup key and that's it.
Note that you must keep the backup key safe in case you want to reset your 2FA. Suppose your phone is stolen or lost; you will need a backup key to gain access to your account.
Finally, PrimeXBT is one of the few exchanges that requires mandatory white-labeling of Bitcoin addresses when withdrawing funds. PrimeXBT has set up these protocols so hackers can't transfer your funds to fake addresses if your account is compromised.
Go to Primexbt trading platform and get 35% bonus on your first trade.
PrimeXBT Leverage
If you don't know what leverage is, don't worry; Let us explain. Leverage or leverage-based trading is a process by which traders gain more exposure to an asset they have invested in, allowing traders the opportunity to capitalize on borrowed funds.
When leveraged, traders can potentially enhance their profits by specific factors. However, this also works for losses. Just as profits are exaggerated, losses are also exaggerated.
Leveraged trading has an avenue of benefits. Traders can quickly sell assets short. This means that traders can benefit from a price drop or a downtrend. As mentioned, PrimeXBT offers different leverage ratios for crypto and forex pairs. The user must place a percentage of the capital required to execute a position.
Furthermore, the exact leverage users will be allowed for the position also depends on the asset class the trader trades. Other factors such as the size of the position also affect the determination of leverage on the platform.
Here are some basic leverage options for different assets on the platform:
LEVERAGE reflects the amount that a trader owns needs to deposit (margin) compared to the size of the position he or she wants to open. (1:1000, 1:100, 1:50, 1:20, 1:10, 1:2).
MARGIN is the Trader's own amount required to open a position.
For example, with 1:100 leverage, I only need 0.01 BTC of my personal funds (Margin) to trade with 1 BTC.
PrimeXBT offers the following Leverage:
- Cryptocurrencies - up to 1:100
- Indexes and commodities up to 1:100
- Forex major - up to 1:1000
This is one of the most impressive points about PrimeXBT's trading platform. Unlike other notable cryptocurrency exchanges, there is a wide range of assets that traders can trade on the platform. While most crypto exchanges limit their trading options to only trading cryptocurrencies, users can easily trade Forex, Commodities, Stock Indices, and more. on PrimeXBT.
When choosing your preferred trading platform, trading fees can really help you to consider whether the platform is profitable for you. Let's say you trade a substantial amount on an exchange, and then these trading fees can add up on an accrual basis and reduce your profit margins.
Interestingly, PrimeXBT is very transparent and open with its fees. The platform has two types of fees, namely: transaction fees and overnight fees. The platform charges a transaction fee to enter a position and the platform charges an overnight fee to fund a position overnight.
PrimeXBT's fee structure fits the model of a CFD broker more than a futures exchange. PrimeXBT does not charge any settlement fees for contracts; however, they charge an overnight fee to hold the position. Note that this fee will not be charged if you enter and exit a position during the day.
Primexbt transaction fee
Trading fees are incurred each time you buy or sell an asset in the market (i.e. each time you open and close a position).
Current trading fees for margin trading accounts are:
0.05% for cryptocurrencies
0.001% for Forex
0.01% for Indices and Commodities
Go to Primexbt trading platform and get 35% bonus on your first trade.
Primexbt Overnight Fee
Overnight funding is due to any position being carried over to a new trading day (00:00 UTC past) and deducted from the Trading account balance. A trading day lasts from 00:00 UTC to 23:59 UTC. Any position closed before 00:00 UTC will not be charged.
Below is a breakdown of fees for a select number of assets on the platform:
Signing up for an account on the PrimeXBT platform is easier than ever. All you need is your email address and password. Traders can also insert a referral code, if they have one, for special features and discounts on PrimeXBT.
Unlike most exchanges, PrimeXBT does not annoy users with lengthy KYC processes. Traders do not need to go through KYC or AML checks on their platform. Traders do not have to provide sensitive information to the platform to verify their identity.
PrimeXBT is a completely anonymous exchange that allows traders to keep their identities secure and without the risk of losing valuable data or information. Furthermore, this makes the platform less of a target for hackers looking to exploit user databases.
To be eligible for the PrimeXBT bonus, you must have a primexbt deposit bonus of at least 0.01 BTC on the exchange. To deposit on PrimeXBT, log in to your account and go to the “Deposit” tab. If you deposit less than 0.01 BTC, you cannot get 35% bonus.
After creating an account, a client may receive an offer to claim a Bonus. This bonus will provide a unique bonus when the user makes the first qualified deposit within the specified time frame (on login, the Welcome Bonus countdown timer reflects the amount of time left until at the end of the offer).
Go to Primexbt trading platform and get 35% bonus on your first trade.
PrimeXBT's deposit and withdrawal system is quite simple. PrimeXBT allows traders to deposit cryptocurrencies through their crypto wallets. Furthermore, the platform also allows traders to deposit funds into their accounts via credit card, debit card or SEPA transfer.
Once a user has set up their funds, they can deposit funds into their account. All they have to do is go to the account section, click on the Deposit button.
For Direct crypto deposits, traders must choose the currency they want to deposit, copy the wallet address provided by the platform, and transfer their funds to the respective crypto address.
To start trading with leverage and access all the features of the platform, you need to first deposit funds into your personal wallet: BTC, ETH, USDT (erc20) or USDC (erc20). Deposit and enjoy: 350 $
This bonus is only for the signup link below
Go to Primexbt trading platform and get 35% bonus on your first trade.
Assuming traders want to deposit via credit card, debit card or SEPA transfer, they can do so on PrimeXBT. Assuming traders want to buy Bitcoin, they can do so by clicking the 'Buy Bitcoin' button. Choose their preferred payment option and service and click buy.
Currently, Traders can choose from the following services to purchase cryptocurrencies on the platform:
Coinify
Xanpool
Paxful
io
Without going into too many details, all these services are reliable and support various payment options, from bank transfer, online wallet, cash payment, debit card payment debit or credit cards, digital currencies and gift cards. While Paxful is a peer-to-peer platform, other platforms allow traders to quickly buy Bitcoin. Note that you may be required to share your personally identifiable information if you intend to use any of the services mentioned above. While PrimeXBT doesn't need any form of sensitive identification, these platforms do.
Similar to the deposit or deposit section, the withdrawal function is quite simple. Considering the risks inherent to crypto exchanges, PrimeXBT is taking the necessary steps to keep their platform safe from mining. Therefore, for security, PrimeXBT controls its hot wallet with restricted cryptocurrencies and processes all pending transactions only once per day between 12pm and 2pm . Withdrawal requests are made on the same day before 12:00 UTC; however, withdrawal requests requested after 12:00 UTC will be reviewed the next day.
Withdrawing your money is very easy. All you have to do is select the withdrawal address, enter the amount you want to withdraw, verify and withdraw.
PrimeXBT exchange currency directly in your wallet
We are introducing a cryptocurrency exchange service - you can now convert your wallet balance between BTC, ETH, USDT and USDC with just a few clicks.
The in-wallet conversion service will save you the fees and time of transferring funds that would otherwise be spent on withdrawals to an external service for the exchange. In addition, this gives you instant access to Multi-Currency Investment Strategies as a Follower, open your own Strategy or trade on a separate Margin Trading account using the same currency. the most convenient deposit for you.
To the point, PrimeXBT Trading platform is easily one of its most eye-catching features. PrimeXBT has gone further by developing native trading technology along with extensive and sophisticated functionality catering to traders of all skill levels.
PrimeXBT offers a considerable degree of customization for users. Traders can build their dashboards that they can access on the platform. Traders can add widgets, dashboards, fees, messages and more to their dashboards. They can also use the platform's Telegram bot to send price alerts, open positions, executed orders, and more.
Traders can even customize colors, grids, spacing and lines on the platform. PrimeXBT is a prime example of a user-friendly, customizable trading platform. Considering all the tools available on the platform, traders can use a wide range of different complex trading tools such as fan lines, Fibonaccis, retracement lines and other trailing lines.
Traders can also use a variety of technical analysis indicators such as momentum indicators, relative strength indicators, and volume-based indicators. Since it's on PrimeXBT's trading platform, traders can easily customize them too!
PrimeXBT also boasts a wide range of order types on its trading platform for veteran traders. These order types allow traders to specify levels for entry and exit. They are essential as a risk management tool to control losses when trading leverage.
Here are some basic command types available on PrimeXBT:
Market order
Self restriction
Market Stop Order
Protection order
Another order cancellation
PrimeXBT Turbo account interface
PrimeXBT's Turbo allows you to make short term price predictions and profit from correctly predicting whether the price of an asset will be HIGH or LOWER after a short period of time (30 seconds, 1 minute or 5 minutes)
1) Turbo prediction interface - change chart settings and make predictions. Here you can choose your prediction parameters such as Currency, Course Length and Amount Amount used in a prediction.
2) Turbo stats bar - on the left side of the 'Turbo' page, reflecting activity and predicted (location) statistics. This section includes 5 tabs
1) Choose your Account Turbo Currency
2) Select prediction currency
3) Select Course Length and Amount Amount Ever Used in your prediction.
Click UP or DOWN to make your prediction
There are two types of predictions:
UP - the price of the selected asset will be HIGH at the expiration of the prediction
Down - the price of the selected asset will be LOWER at the expiration of the prediction
Deposit Primexbt Turbo Withdraw
1) When you're ready to trade with real money, simply click the 'Go to Real' button in the upper right corner of the Turbo page to transfer real money to your Turbo balance.
2) After clicking the 'Go to Real' button, Turbo Deposit/Withdrawal buttons will appear
These buttons allow you to transfer funds from your PrimeXBT Wallet to your Turbo balance and vice versa.
Primexbt Debt Investment
Primexbt Debt Investment - Manage Strategy and Follow
1. Click Strategy to show Strategy Performance and Next page then click 'follow',
2. Select the Initial Post Amount button and make sure to review the following details. Turn on any desired add-ons (optional) if you want.
With the increasing number of smartphone users, it is imperative for every exchange to provide top-notch services to mobile users. PrimeXBT's mobile app offers many of the same features on their mobile app as they do on their website. Supported by both ios and Android devices, PrimeXBT's app is user-friendly, easy to use and easy to access.
Traders can customize their layout to suit their trading preferences, use different order types and trade through their mobile app. However, PrimeXBT's mobile trading has some limitations.
Conclude
PrimeXBT trading is a unique trading platform in the market. There is hardly anything on the market that is as successful, intuitive and sophisticated as PrimeXBT. With exceptional customization, wide range of investment options, list of order types, low trading fees, withdrawal options and other features, PrimeXBT is an ideal platform. However, like most exchanges, it also has limitations.
It will be great to see the platform testing the waters with API functionality as more exchanges introduce API functionality to their platforms. Allowing traders to write their own bot code and trading algorithms on the platform can contribute to the platform's success. Overall, the platform is unlike any other on the market.
Go to Primexbt trading platform and get 35% bonus on your first trade.
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 review 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.
