PrimeXBT - Sign Up, Cryptocurrency, Review, Trading And Withdrawal Fees

PrimeXBT is a Bitcoin-based broker that offers up to 100 times leveraged trading on the most popular cryptocurrencies and stock indices, as well as up to 1,000 times leverage on currency pairings and commodities. Additionally, the brokerage charges dynamic costs that drop to as little as 0.001% as your balance increases.

The platform offers a limited number of trading products to meet all of your needs, such as the flagship PrimeXBT platform, which supports a variety of order types and offers many technical indicators, a Turbo platform for high-frequency market trading, and a Covesting module that enables you to copy trading strategies and invest with other knowledgeable traders of your choice. All trading systems have a slick, contemporary user experience that is configurable.

Like other brokerages, PrimeXBT also requires KYC. The site does offer a tonne of security safeguards to make sure your money and account are secure. A few features are 2FA, manual withdrawal approval, whitelisting of Bitcoin addresses, and cold storage of digital assets.

PrimeXBT

The main trading platform of PrimeXBT has a completely customized workspace and a broad range of trading tools. In addition to supporting the trading of commodities and securities, PrimeXBT also offers the trading of Bitcoin and other altcoins. Additionally, you may trade with up to 100x leverage, which is not true of most exchanges. You may manage orders and execute trades using the service's sophisticated charting features without having to navigate between tabs or windows.

Market, limit, stop, and OCO orders are supported by PrimeXBT (visit this link to learn more about these order types). The brokerage also enables you to add funds, make withdrawals, and keep assets in an offline, secure personal wallet. PrimeXBT helps you enter at the cheapest prices by offering lightning-fast order execution from 12 liquidity sources and processing more than 12,000 orders per second.

How to Sign Up For PrimeXBT Trading Account

A PrimeXBT trading account may be opened with very little effort and with no complicated steps. You may simply establish your own account by following the thorough instructions shown below.

To sign up for a PrimeXBT account, do the following:

  1. Visit Primexbt.com
  2. Select "Register" from the menu.
  3. Enter your mobile number for verification together with your email address and a secure password you can remember.
  4. Depending on the sign-up option you choose, you will receive a verification link or code after completing the form.

Primexbt Covesting

You may pick from a list of top traders on the Covesting platform and mimic their trading behavior. You may pick your favorite trader after which you can dedicate a percentage of your balance to the strategy of your choice. Finally, you can monitor your trades. You may choose which traders to follow and how much of your balance to devote to each trading strategy. Strong traders may make money from their trading strategies by collecting commissions from followers' profits. You may earn more money the more followers you have.

PrimeXBT offers cryptocurrency

PrimeXBT allows you to trade cryptocurrencies on BTC/USD, ETH/USD, LTC/USD, EOS/USD, ETH/BTC, LTC/BTC, and EOS/BTC. In addition, you may track the XRP/USD and XRP/BTC pairings. Since Bitcoin is regarded as the benchmark return in the cryptocurrency markets, many traders choose to trade Bitcoin pairings since it allows them to monitor how their investments perform versus Bitcoin.

primexbt
Primexbt

PrimeXBT provides leveraged trades if you're a risk-averse investor searching for added profits. This raises your potential rewards but also significantly raises the risk. Use of leverage should be avoided if you are a novice trader.

PrimeXBT Trading Fees Overview

PrimeXBT exchange has maintained a very competitive price structure, offering users one of the lowest rates in the Bitcoin trading business. Currently, PrimeXBT levies a negligibly tiny flat cost each trade of roughly 0.05%. Particularly when compared to other exchangers, this is quite inexpensive. Other cryptocurrency exchanges typically charge up to 0.075% for each order.

Bybit, the most well-known Bitcoin trading exchange, levies a taker fee of 0.075%. Bybit, however, really has a creator fee of -0.025%. This implies that utilizing limit orders as a market maker on Bybit will result in payment. PrimeXBT is for you if you often enter trades using the market order on your preferred cryptocurrency pairings.

PrimeXBT also charges overnight financing costs for maintaining a trade open overnight, however, the amount fluctuates depending on the trading pair.

CryptoTrading FeeFinancing/day LongFinancing/day Short
BTC/USD0.05% 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/BTC0.05% 0.194% Daily Funding Rate 0.194% Daily Funding Rate
XRP/USD0.05% 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/USD0.05% 0.194% Daily Funding Rate 0.194% Daily Funding Rate
EOS/BTC 0.05% 0.194% Daily Funding Rate 0.194% Daily Funding Rate

Primexbt Pricing 2023

Accounts with PrimeXBT are completely free, and commissions are quite low. There are no commissions on the Turbo platform. There are no unexpected fees after execution because fees are explicitly stated next to each possible deal. For PrimeXBT and Turbo, the minimal deposit amounts are 0.01 BTC and $1, respectively. Through PrimeXBT's affiliate program, which provides revenue sharing, CPA, and hybrid referral schemes on up to four tiers of referral, you may additionally increase your cryptocurrency earnings. By sharing your trading approach with other traders, you may also make money by seeing them succeed.

Primexbt withdrawal charge

The withdrawal charge is the next cost to take into account when selecting your exchange to trade at. This is often a flat cost, however, it differs from exchange to exchange. When you withdraw Bitcoin, the industry-standard withdrawal charge for Bitcoin trading exchanges is 0.000812 BTC. By reducing this price for its subscribers by approximately 40%, PrimeXBT has gone one step further. By doing this, consumers may withdraw their Bitcoin cryptocurrency for only 0.0005 BTC.

PrimeXBT Customer Service Help

The sitemap (located at the bottom of the website) under the "About" column of PrimeXBT has a link to the brokerage's assistance center, which includes a sizable FAQ section. The FAQ page provides solutions to more than 50 queries in 5 categories. Additionally, there is a lot of information in this support center on subjects including trading conditions, leveraged trading, security, and deposits and withdrawals. The help section has a wealth of information and is tastefully organized in a linked table of contents manner, making it possible to find the solution to almost any query you may have there.

PrimeXBT has a live chat service that is available 24 hours a day, seven days a week, in 16 different languages, if you have a query that the help center was unable to address or was just unable to locate the information you were searching for. PrimeXBT regrettably lacks a customer support phone number.

PrimeXBT Mobile App Download 2023

Its mobile app is aesthetically pleasing and closely resembles the website in terms of functionality and increased security. The app makes it simple to register for an account and sign up. Due to simple access to their portfolio from their smartphone, many traders choose to trade using a mobile app.

User Benefits

  • Many trading opportunities in a range of markets
  • Various kinds of trade techniques
  • affordable prices
  • diversify your holdings
  • Numerous other details as well as a blog
  • helpful pricing charts that are simple to use
  • Covesting allows you to generate passive money.
  • Anonymity

User Experience

  • The website is user-friendly and versatile.
  • Traders may conduct as much research and analysis as they need thanks to a variety of charting tools.
  • access to a variety of markets
  • Financial data is readily available.
  • Each trading tool is well described.
  • You may get extra money thanks to the referral program.
  • Live chat is useful.

PrimeXBT vs. Competitors 2023

PrimeXBT sets itself apart from rivals by giving you access to a variety of market types together with top-notch charting information and tools. PrimeXBT gives you the opportunity to diversify exposure to many asset classes at once, even though it might not be the greatest choice if you're trying to trade a particular asset. Additionally, PrimeXBT offers three different trading platforms, allowing you flexibility in your trading.

Conclusion

Although PrimeXBT is unquestionably one of the top trading platforms in use right now, it is not accessible in a number of significant nations, including the US and Canada, making it difficult to give it a perfect 5/5 rating. PrimeXBT is the answer if you live outside of the United States and are seeking a platform that gives anonymity, is secure and safe, provides a wide range of investment possibilities, and supports various trading strategies.

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