PrimeXBT Review

PrimeXBT Ratings at a Glance

PrimeXBT

PrimeXBT’s flagship trading platform includes a fully customizable workspace with an extensive suite of trading tools. Not only can you trade Bitcoin and other altcoins via crypto futures, but PrimeXBT also supports CFDs for forex, indices and commodities to trade. Also, unlike most exchanges, you can trade with up to 200x leverage. However, this system is adjustable for users who prefer to take on less risk. The service provides you with professional charting tools, allowing you to manage orders and place trades without having to switch between tabs or windows. PrimeXBT supports market, limit, stop and OCO orders (visit this link to learn more about these order types). The brokerage also allows you to deposit, withdraw and store assets in a secure personal wallet that is kept offline. PrimeXBT features ultra-fast order execution from 12 liquidity providers and processes over 12,000 orders per second, helping you get in at the best available prices.

Covesting

The Covesting platform allows you to choose from a list of best-performing traders and copy their trading activity. First, you can choose your preferred trader, then allocate a portion of your balance toward your chosen strategy, and finally can follow your trades. You are able to follow multiple traders and allocate varying amounts of your balance toward different strategies. If you’re a strong trader, you can monetize your trading strategy by receiving fees from your follower’s gains. The more followers you have, the more money you can make.

Cryptocurrency Offerings

PrimeXBT stands out by offering a wide variety of cryptocurrencies for traders to choose from, accommodating diverse investment interests and strategies. The platform features popular and established cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), as well as sought-after altcoins like Litecoin (LTC), Ripple (XRP), and Cardano (ADA).

In addition to these well-known options, PrimeXBT also supports newer and high-potential digital assets like the meme-inspired Dogecoin (DOGE) and the fast-growing Solana (SOL) network. Traders can also explore opportunities with Polkadot (DOT), which aims to enable cross-chain communication, and the privacy-focused Monero (XMR). 

If you're a risk-tolerant investor and are looking for extra gains, PrimeXBT offers leveraged trades. While this increases your potential returns, it adds a significant amount of risk as well. If you aren't an experienced trader, you should be weary of using leverage.

Indices

PrimeXBT offers trading on 11 global indices from the U.S., EU, U.K., France, Spain, Hong Kong and Japan.

Forex

PrimeXBT offers trading on 51 forex pairs between USD, EUR, GBP, AUD, CAD, CHF, JPY, MXN, HKD, TRY, ZAR, NZD, SGD, RUB and Gold (XAU).

Commodities

PrimeXBT offers commodity trading on gold, Brent oil, U.S. crude oil and U.S. natural gas. Base metals such as aluminum, copper, zinc, lead, and more were recently included.

PrimeXBT has a large Help Center section that can be accessed by navigating to the brokerage’s help center found in the sitemap (bottom of the website) in the “About” column. The Help Center page answers over 50 questions across several categories and provides valuable instructions on how to use the platform. Additionally, this help center has a substantial amount of information regarding topics such as trading conditions, leveraged trading, security and deposits/withdrawals. Almost any question you have can be easily answered in the help center as it is full of information and elegantly laid out in a linked table of contents styled outline. If you have a question that cannot be answered in the help center or were simply unable to find the information you were looking for, PrimeXBT offers a 24/7 live chat feature that is available in 16 different languages. Unfortunately, PrimeXBT does not provide a customer service hotline.

PrimeXBT accounts are free and commissions are super competitive. Fees are laid out clearly next to each potential trade, so there are no surprise fees after execution. You are also able to earn more in crypto through PrimeXBT’s affiliate program, which offers a revenue share, CPA, and hybrid referral plans on up to four levels of referral. You can also earn income from helping other traders profit by letting them covest with your strategy.

Its Android and iOS mobile app is clean and mirrors the site closely with the same functionality and enhanced security. Sign-up and account registration is easy through the app.

The PrimeXBT mobile app offers a seamless trading experience with an intuitive interface, allowing users to access a wide range of trading instruments and real-time market data. With the app, traders can manage their portfolio, execute orders, and monitor positions on the go, ensuring they never miss a trading opportunity. The app also features top-notch security, customizable alerts, and quick deposits and withdrawals, making it a powerful and convenient tool for traders of all levels.

• Lots of trading options in a variety of markets
• Multiple types of trading strategies
• Competitive pricing
• Diversity in your portfolio
• Lots of extra information and a blog
• Helpful and easy to use price charts
• Covesting gives you the opportunity to earn passive income
• Anonymity

• The site is customizable, easy to use and navigate.
• A lot of charting tools enable traders to do as much research and analysis as they need.
• Access to several markets such as crypto futures and CFDs on traditional assets.
• Financial information is easily accessible.
• Each trading tool is explained in detail.
• The referral program helps you earn extra money.
• Live chat is helpful.
• Deposit $500 or more at PrimeXBT and claim your $100 bonus within 48 hours of registration, valid for 14 days.

PrimeXBT vs. Competitors

PrimeXBT differentiates itself from competitors by providing you with access to multiple market types along with excellent charting data and tools. While it may not be the best option if you are looking to trade a specific asset, PrimeXBT allows you to diversify exposure to several different asset classes at once. PrimeXBT also offers 3 trading platforms, giving you the choice of how you want to trade. PrimeXBT also offers several types of trading features using a single account, giving you the choice of how you want to trade. 

While PrimeXBT is undoubtedly one of the best trading platforms in existence today, it is not available for use in several major countries including the US and Canada, making it hard to justify a perfect 5/5 rating. If you reside outside the U.S. and are looking for a platform that provides anonymity, is safe and secure, offers a diverse set of investment options, and supports varying methods of trading, PrimeXBT is your solution.

PrimeXBT Tutorial

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Disclosure: ²Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards. ³Crypto rewards is an optional Coinbase offer. Upon purchase of USDC, you will be automatically opted in to rewards. If you’d like to opt out or learn more about rewards, you can click here. The rewards rate is subject to change and can vary by region. Customers will be able to see the latest applicable rates directly within their accounts

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