xbt prime

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PRIME XBT REVIEW
PrimeXBT is a relatively new and fast-growing
Bitcoin trading platform. The platform offers its
users numerous investment options and asset
classes to choose from. In this PrimeXBT review,
we will discuss if this is a good trading
platform and what features make them stand out
when it comes to crypto currency trading

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What is PrimeXBT? PrimeXBT is a crypto-to-crypto
exchange that supports the trading of crypto
currencies, Forex, and other CFDs assets on its
platform with leverage as high as 100. However,
you can only fund your PrimeXBT trading account
with Bitcoin. This means that you need to buy
Bitcoin before using PrimeXBT.
An overview of the PrimeXBT user-friendly
interface.
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Trading Founded in 2018, PrimeXBT has achieved
record-breaking growth in a short period of time.
The crypto exchange has grown to be regarded as
one of the major brokers playing in the margin
trading industry and have customers from over 150
different countries. The company claims its high
success rate comes from its customer- centric
business model. This is achieved with the
companys ability to innovate and evolve by using
cutting edge block chain technology to provide
users with all they need for their trading
activities while keeping fees very low when
compared to other crypto brokers. PrimeXBT also
offers a user-friendly website and a very
powerful trading platform. The website is loaded
with the latest analyses, guides, and most
important trading tools. This will help both
beginners and well-seasoned traders achieve their
trading goals easily. PrimeXBT also has very high
trading volume and liquidity for all its
supported cryptocurrency pairs. This combined
with a round-the-clock customer support desk to
help and assist users at every point in time.
These are factors making the company stand out
from the rest.
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Is PrimeXBT Safe?
PrimeXBT takes its clients security very
seriously. The company boasts of having cutting
edge blockchain technology that ensures investors
assets will remain protected at all time. Some
security features implemented by the PrimeXBT are

• The Use of Cold Storage for Clients Bitcoin

In order to protect customers assets from
hacking and theft, PrimeXBT holds a greater
portion of customers Bitcoin in offline storage
systems also known as cold storage. Only a very
small part of the customers Bitcoin is actually
available online.

• A Dedicated and Secured Server for The Web
  Platform

The implementation of some of the latest
cutting-edge blockchain technology ensures that
the PrimeXBT trading platform is secured from
every form of online attacks especially DDOS
attacks. This way customers can be assured that
the web platform will always remain available and
easily accessible whenever needed. The use of
sophisticated technology also ensures there is no
lagging in the run
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time, asset price, or order execution error that
might come up when a trader is trying to place,
modify, or exit an open trade.

• The Use of Two Factor Authentication and SSL

PrimeXBT trading platform also adds an extra
layer of security by making use of a two-factor
authentication method. This ensures that no
hacker gain access to their accounts. The
authentication method combined with the use of
only the Secured Socket Layer (SSL) protocol for
communicating on the internet ensures that the
exchange communication network remains
hacker-proof. PrimeXBT Fees When it comes to
fees, the PrimeXBT cryptocurrency exchange offers
its users one of the most competitive in the
industry. The broker allows you to buy, sell, and
hedge forex/ Indices/ commodities/ cryptocurrency
pairs for a flat commission charged per
trade. Fees are an important factor because fees
can quickly rack up when trading. Hence, picking
the right exchange with a good fee structure will
go a long way in your growth as a trader. If you
want to compare fees on other exchanges against
each other, then check out our list of the most
popular Bitcoin trading exchanges. PrimeXBT
Trading Fees PrimeXBT exchange has remained very
competitive in its fee structure, providing users
with one of the lowest fees in the Bitcoin
trading industry. Currently, PrimeXBT charges a
very low flat fee of about 0.05 per trade. This
is very low, especially when compared to other
exchanges. Most other cryptocurrency exchanges
charge as much as 0.075 per order. The most
popular Bitcoin trading exchange, Bybit, charges
a 0.075 taker fee. However, Bybit actually has a
negative maker fee of - 0.025. This means that
on Bybit, youll actually get paid for using
limit orders as a market maker. If you use the
market order a lot for entering trades on your
chosen cryptocurrency pairs, then PrimeXBT
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is for you. However, if you are a regular user of
limit orders, then check out our Bybit
review. PrimeXBT also charges overnight finance
fees for holding a position open overnight, but
this varies from trading pair to pair.
Symbol Trading Fee Financing/day
Long Financing/day Short
BTC/USD
0.05
0.194 Daily Funding Rate
0.194 Daily Funding Rate
ETH/USD
0.05
0.194 Daily Funding Rate
0.194 Daily Funding Rate
ETH/BTC
0.05
0.194 Daily Funding Rate
0.194 Daily Funding Rate
LTC/USD
0.05
0.194 Daily Funding Rate
0.194 Daily Funding Rate
LTC/BTC
0.05
0.194 Daily Funding Rate
0.194 Daily Funding Rate
XRP/USD
0.05
0.194 Daily Funding Rate
0.194 Daily Funding Rate
XRP/BTC
0.05
0.194 Daily Funding Rate
0.194 Daily Funding Rate
EOS/USD
0.05
0.194 Daily Funding Rate
0.194 Daily Funding Rate
EOS/BTC
0.05
0.194 Daily Funding Rate
0.194 Daily Funding Rate
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Trading PrimeXBT Withdrawal Fees
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The next fee to consider while making your choice
of your exchange to trade at is the withdrawal
fee. This is usually a fixed fee but varies from
one exchange to the other. The average withdrawal
fee for the Bitcoin trading exchange industry is
0.000812 BTC when you withdraw Bitcoin. However,
PrimeXBT has taken it a step further by slashing
this fee by almost 40 for its users. This way
users will only pay 0.0005 BTC when they withdraw
their Bitcoin cryptocurrency. PrimeXBT 50
Deposit Bonus PrimeXBT has the most generous
deposit bonus in the industry, offering new users
a 50 bonus on their first deposit to be used on
the trading platform. However, to qualify for
this bonus, you need to make an initial deposit
of at least 0.01 BTC. To activate your 50
deposit bonus. Sing up with this link and then
go to promo code and enter bitcoinsensus50 in
the provided space. This bonus will be added to
your trading account equity under the name
Reward. The bonus cannot be withdrawn, traded,
or used to cover fees, it can only be used as
additional collateral for margin trading on the
PrimeXBT platform. How to Sign Up The
registration process for owning a PrimeXBT
trading account is very easy and straight
forward. You can follow the detailed steps below
to quickly create your own account. To open your
PrimeXBT account follow these steps

1. Go to Primexbt.com
2. Click on the Register button.
3. Input your email, a strong password you can
   remember, and your mobile number for verification.

Once completed, you will get a verification link
or code sent to your email or phone number
depending on which sign up method you used.
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Trading Deposit Method When it comes to funding
your PrimeXBT account, it is important you
remember that the customer accounts are all
Bitcoin-based. Therefore, all your deposits,
account balance, and withdrawals on the exchange
platform will be denominated in the bitcoin
cryptocurrency. PrimeXBT provides its own bitcoin
wallet free of charge to registered clients for
direct deposit. You can also deposit using your
credit card, or other cryptocurrencies. If you
deposited using your credit card or other Crypto
coins like altcoin, you would be required to
convert them into Bitcoin on the platform by
using a simple API that has been linked to
Changelly, this API allows users to easily buy
bitcoin or exchange other cryptocurrencies into
Bitcoin. Withdrawal It is important to remember
that while PrimeXBT offers a wide array of asset
classes and cryptocurrency pairs to trade in like
Litecoin, Ethereum, Bitcoin, XRP, Forex trading
pairs, Indices, Commodities, and all, the
platform does not support the withdrawal in any
FIAT currencies or other cryptocurrencies than
Bitcoin. This effectively makes PrimeXBT exchange
a crypto-to-crypto platform thereby requiring
traders to have a secured bitcoin wallet in order
to withdraw their profits. You can also make use
of the API linking the PrimeXBT platform to the
Changelly website to withdraw your funds in
Bitcoin and then convert it to whatever currency
you want.
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Supported Currencies PrimeXBT supports the
trading of both major and minor forex currency
pairs on its platform. It also charges a
commission per trade. These commissions are also
known as trading fees and are currently at 0.01
for forex pairs and 0.05 for cryptocurrencies. Fo
rex currencies supported by PrimeXBT

• US Dollar
• Australian Dollar
• Canadian Dollar
• Euro
• Swiss Franc
• British Pound
• Japanese Yen

Leverage Trading PrimeXBT is well known for the
very high leverage it offers its clients.

• For Forex trading indices and commodities,
  PrimeXBT offers a 11000 leverage for traders,
  depending on the size of the position opened.
• For Bitcoin and other cryptocurrencies, PrimeXTB
  offers a 1100. This puts PrimeXBT among the
  Bitcoin trading platforms that provide the
  highest leverage.

What Does 100x Leverage Really Mean? Margin
trading simply means that you can increase your
purchasing power and exposure to the market while
trading with little funds. The added
funds/leverage you get to make bigger bets is
given to you by the exchange. So for a 1100
leverage, every 1 BTC you have is transformed
into 100 BTC thereby increasing your purchasing
power. In other words, you will be able to open
positions worth much more than the funds you hold
on PrimeXBT.
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However, while high leverage can potentially help
you make more money from trading, it can also
increase your losses. Therefore, it is important
that you take the required time needed to
understand how leverage works. Make sure to learn
how to trade Bitcoin before touching leverage
trading.
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Trading High Liquidity With clients in over 150
countries, PrimeXTB is believed to be among one
of the top 40 biggest brokers/exchanges in the
world. Their size makes any liquidity issues
absent. Not only that, its use of Bitcoin-only
accounts, truly makes it a global exchange
thereby removing all boundaries between countries
and local bank restrictions.
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Is PrimeXBT Available In The United
States? PrimeXBT is not available to US traders
as the company continues to shy away from U.S
regulations that would want to limit or control
how it does its business. That said though, this
doesnt stop US traders from using the exchange
platform. Especially with the company requiring
little to no personal information and details
from users. This allows users to remain anonymous
while transacting with the exchange and prevents
the company from having an in-depth verification
process that can be used to identify clients. If
you are trading from the US youll need a VPN.
The most popular VPN among Bitcoin traders in the
US is NordVPN. PrimeXBT Trading Platform PrimeXBT
has a simple user-friendly web-based trading
platform that has been equipped with all the
features and tools a trader can ever need to
carry out his analysis and place trades. Since it
is web-based, it does not require you to download
anything or make any installations on your
computer. The trading platform also has an
inbuilt help and tutorial section with videos
and articles that are very useful for both
beginners and intermediary traders looking to
sharpen their trading skills. Some of the
features of the trading platform include

• Availability Of Technical Indicators

One of the many features the PrimeXBT trading
platform has is the availability of sufficient
indicators to aid traders in their technical
analysis. The platform has well over 90 different
types of indicators inbuilt into the platform and
readily available to registered users.

• Easy to Use and Customizable Layout

The simplistic design and friendly layout that
was implemented for the PrimeXBT trading platform
makes it a favorite among users. But it doesnt
just end there, the company has gone a step
further by making the platforms workspace fully
customizable by the user. This
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way traders can fully rearrange, position and add
new widgets to the workspace in order to make it
more suitable to their trading style.

• Multiple Order Types

The PrimeXBT exchange trading platform has
numerous order types that can help traders best
position themselves in the market. These order
types include market order, limit order and stop
order. PrimeXBT also offers OCO orders through
3rd party solutions by using an API bridge. The
platform also offers traders the ability to add a
take profit and stop-loss order in their
trade. This is to help them better manage their
position and minimize their risk exposure in the
market.
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Covesting A Better Way To Trade
Recently, PrimeXbt introduced an amazing product
on its platform called Covesting. The feature
allows platform users to browse through hundreds
of trading strategies provided by other traders
and ranked by profitability by PrimeXBT. Once you
find profitable strategies that suit your needs
and risk tolerance, you can automatically copy
their trading activity on to your own account
with Covesting. This way, you can improve your
returns and achieve the same returns as the
leading traders on the platform.
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100x Leverage Start Trading PrimeXBT Trading
Platform In this part of the PrimeXBT review, I
will be taking a critical look at the PrimeXBT
crypto trading platform. My focus will be on the
platform interface, technology, security,
stability, and ease of use. I will also be
pointing out the issues I faced while using the
platform and various points I believe PrimeXBT
can do better. Mobile Trading App With Prime XTB,
you can trade on-the-go using the PrimeXBT mobile
app, which is currently available for free on the
Google Play store. This app allows users to carry
out a wide range of activities including

• Opening a new account
• Trading over 50 instruments across all asset
  classes including crypto, indices, commodities,
  stocks, and forex.
• Carry out technical analysis using various
  inbuilt chatting tools.
• Trading on 6 different timeframes and using 3
  different chart types.

The app makes trading on-the-go very easy,
especially with its easy- to-understand interface.
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Desktop Trading Charts Trading View
PrimeXBT default trading chart looks like any
other chart you would expect on an exchange
trading platform. It is slick, easy to navigate,
and user-friendly. The chart also has numerous
options available to the user for customizing and
personalizing the look and feel of the
chart. There are also different chart types,
indicators, and time frames available to users to
choose from for carrying out their technical
analysis and monitoring an asset price. Not only
that, but there is also a studies-section
available on the chart. This section provides
users with several dozen available studies on
different pairs and asset classes. Analyses
Tools PrimeXBT supports both technical analysis
and fundamental analysis of all instrument
supported on its trading platform. Here are some
of the inbuilt features of PrimeXBT that helps
traders create a trading edge in the crypto
markets.
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• The platform comes with numerous built-in
  indicators and charting analysis tools users can
  utilize to carry out an in-depth technical
  analysis before taking a position.
• You can easily create and import your own custom
  tools, indicators, and EA on the platform
• Export and analyze your trading history with ease

PrimeXBT Review On Order Types For Market Orders
PrimeXBT offers users one of the most advanced
crypto trading platforms in the industry. The
platforms trading engine can handle over 100k
high-speed transactions per second (TPS), this
ensures the PrimeXBT trading platform does not
lag, and all orders are executed very fast. For
Limit Orders PrimeXBT offers users the
flexibility to use pending orders to preset their
entry price and exit levels in anticipation of a
big move in the market. For Conditional Orders
PrimeXBT offers users the option to make use of
various advanced conditional order types on its
platform. Entering and exiting the market once
certain predefined conditions are met. Customer
Support PrimeXBT customer support desk operates
24/7 providing help and assistance to anyone. The
support team only speaks English and Russian and
is very knowledgeable about the various features
and issues that might arise from using the
platform. Although it might take several hours
before you can get replied through an email,
there are various other communication channels.
Try the instant web chat, it has a very quick
response time for replies. Review Conclusion Even
though the company is still relatively new in the
trading industry, PrimeXBT has grown to become an
industry leader. PrimeXBT is a pacesetter by
simply focusing on improving and innovating its
services in order to provide more satisfaction to
its users.
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The biggest competitors to PrimeXBT are Bybit,
Phemex and Deribit. Bybit and PrimeXBT have a
great interface and very good customer support.
Check out our Bybit tutorial if you want to learn
more about how to use that exchange. PrimeXBT is
combining technological advancement with high
leverage, low and transparent fee structure and
an amazing web- based trading platform. This
makes PrimeXBT stand out as one of the best
Bitcoin-based exchanges in the business. If
youre looking for a safe exchange with a
user-friendly interface, then PrimeXBT is the
exchange for you. For a full list of our best
crypto exchanges, visit review here.
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Trading Website https//www.bitcoinsensus.com/bi
tcoin-exchanges/prime-xbt-review/