In the world of crypto, there is no shortage of cryptocurrencies and exchanges to buy, sell, hold or trade digital assets. PrimeXBT is one of the platforms in the list of the top cryptocurrency exchanges. This exchange is possibly preferred by numerous crypto traders, experienced and inexperienced alike, for several reasons.
As a crypto investor or trader, you should always be careful while choosing a platform. Taking some precautionary measures, such as doing a thorough and proper research is essential, especially if you are new to the crypto space.
The reason being the crypto world can be a little complex for someone who have little or no experience or information regarding the crypto market. Therefore, if you intend on starting crypto trading or investing then here is a brief PrimeXBT review for you.
What to Know About PrimeXBT?
PrimeXBT is one of the newer cryptocurrency exchanges, established in 2018. In a short period of time, this platform has achieved jaw dropping growth and is one of the most prominent brokers in the world of crypto at the moment.
It is a crypto-to-crypto platform where the users can trade not only digital assets but also Forex and other CFDs assets.
Despite being launched a few years ago, this trading platform has now extended its services to people in more than 150 countries. The PrimeXBT trading platform also features advanced guides, trading tools and analysis that help both beginners and experts in trading digital currencies.
Therefore, it is an impressive platform for someone who wants to start trading crypto assets, whether they are experienced or not.
Leverage Trading on PrimeXBT
In this brief PrimeXBT review, you can also get to know that the platform offers leverage trading. Leverage trading is a trading mechanism where the traders get more exposure to the market by investing less but getting a bigger trading position.
Leverage trading offers greater benefit as well as a greater chance of suffering from financial loss. Therefore, if you want to trade with leverage you should have some helpful information and choose a reliable platform.
PrimeXBT offers very high leverage to its customers, as is mentioned below:
- Depending on the size of the position that is opened, the exchange offers 1:1000 leverage for trading commodities and indices.
- The exchange offers 1:100 leverage for trading Bitcoin and altcoins.
Security and Safety
The PrimeXBT trading platform is one of the crypto exchanges that prioritizes the security of its users above all else. This exchange focuses on making sure that every user has a secure and safe experience of trading crypto. This is why PrimeXBT uses state-of-the-art security systems and other technologies to keep the users’ funds safe from fraudsters and cyber failures of any kind.
Here are some of the security features that are used by the exchange:
- Cold storage wallet
- Two-factor Authentication (2FA)
- Secure server for the web platform
- Secured Socket Layer (SSL)
Therefore, if you want to know “Is PrimeXBT legit?” then you should know the details that are mentioned above.
PrimeXBT Fees Structure
The fee structure of any exchange is one of the top most important aspects to look for, especially if you are new to the crypto space. Similarly, it is important and helpful that you know the fee charged by the PrimeXBT exchange if you choose to trade any of the available digital assets.
PrimeXBT is known to offer one of the lowest and competitive fee structures in the crypto market. Here are the details of the fee charged by the exchange.
- 0.05% flat trading fee
- 0.075% market taker fee
- -0.025% market maker fee
- 0.0005 BTC withdrawal fee
Availability of the Platform
The availability of a crypto exchange in your country or region is one of the top aspects you need to consider before you choose a platform to buy, sell or trade crypto assets.
As a beginner, you should know that every platform does not offer its services to all parts of the world, even if the platform is the largest in the world. Due to regulation problems, some exchanges are unavailable in some parts of the world.
Therefore, if you are in the USA and you want to know “Can I leverage trade on PrimeXBT in America?” then you should know that PrimeXBT is unavailable in the USA.
Crypto Assets Available for You
The PrimeXBT trading platform supports several fiat currencies, which catches the eye of a large audience.
The fiat currencies available on the crypto exchange are as follows:
- US Dollar
- Swiss Franc
- Japanese Yen
- Canadian Dollar
- British Pound
- Australian Dollar
The PrimeXBT exchange is one of the top trading platforms in the crypto market at the moment. There are several outstanding features offered by the platform that makes it prominent among its competitors. If you are also interested in using this exchange then you should know the features mentioned above.