PrimeXBT International Alternate is a number one dealer that provides customers a complete buying and selling platform for investing in crypto and different conventional monetary devices, together with contracts for distinction (CFDs), foreign exchange, indices, and commodities.
The most effective options that make PrimeXBT an appropriate alternate for each skilled and newbie merchants are copy buying and selling, futures and margin buying and selling, and an intuitive cell app that provides options just like these on the desktop model.
With these options, new {and professional} merchants can simply handle their portfolio from a single account and take advantage of their investments. As well as, customers do not need to fret concerning the security of their funds, as a result of PrimeXBT is protected to purchase and promote crypto and different belongings in 2025.
That can assist you decide if PrimeXBT is an effective alternate for you, this PrimeXBT overview covers what PrimeXBT is, the platform’s charges, supported cryptocurrencies, the very best options of PrimeXBT, a step-by-step information on find out how to open a buying and selling account, and PrimeXBT alternate options for merchants who wish to discover different choices. Let’s get began!
PrimeXBT Overview: What’s it?
PrimeXBT is a number one cryptocurrency and CFD dealer that provides a buying and selling platform for purchasing, promoting, and storing cryptocurrencies. PrimeXBT prospects even have entry to commerce over 100 widespread monetary devices, together with crypto futures and CFDs, foreign exchange (FX), indices, and commodities.
The platform provides margin buying and selling with leverage as much as 200x for cryptocurrencies and 1000x for foreign exchange pairs, considerably enhancing income. This makes it engaging to skilled merchants preferring high-risk, high-reward buying and selling and are snug managing the dangers related to excessive leverage.
Initially constructed for copy buying and selling, PrimeXBT has expanded to incorporate futures and margin buying and selling, but copy buying and selling stays a high function. The PrimeXBT copy buying and selling options combine with Covesting, enabling new and/or much less skilled merchants to duplicate the methods of extra skilled merchants (technique managers) and generate a revenue with out energetic participation.
PrimeXBT additionally provides options like superior charting and excessive leverage, ideally suited for informal, swing, and day merchants. These options and buying and selling choices will probably be mentioned in additional element on this PrimeXBT overview. For now, the desk beneath supplies fundamental details about PrimeXBT, together with its safety features, buying and selling choices, and supported cryptocurrencies.
AlternatePrimeXBTBased2018HeadquartersSeychellesPhemex Key OptionsCopy buying and selling (Covesting), futures and margin buying and selling, and a cell app.Supported Cryptocurrencies40+KYC NecessitiesNecessarySafety Measures {Hardware} safety modules, multisig chilly pockets storage, SSL encryption, segregated accounts, unfavorable steadiness safety, two-factor authentication (2FA), withdrawal deal with whitelist, compensation fund, and superior encryption.Buying and selling ChoicesFutures, margin, copy buying and selling, foreign exchange, CFDs, indices, and commodities.Leverage Buying and sellingSure, as much as 200x for crypto and as much as 1000x for foreign exchange.Spot Buying and sellingNoAutomated Bot Buying and sellingNoEarn MerchandiseRefer a buddy, take part in buying and selling contests, and promotions (together with new person sign-up, commerce and earn, and so on.)Phemex Charges (Futures)0.01% for makers and 0.045% for takers.Minimal DepositCrypto: $1
Fiat currencies: $10
Cost Strategies (Deposit and Withdrawal)Credit score/debit card, crypto, and third-party fee suppliers.Buyer HelpElectronic mail and Stay ChatOut there within the USNo
Whereas PrimeXBT provides over 5 asset courses for buying and selling and greater than 100 monetary devices, it nonetheless lacks some options that may make it a poor match for particular merchants. As an example, the platform provides a restricted number of cryptocurrency belongings and doesn’t help spot or crypto bot buying and selling.
Spot buying and selling, a easy methodology for purchasing and promoting belongings, is extensively used on exchanges. The truth is, it’s the greatest place for newbie merchants to begin, as it’s simpler to navigate. This permits them to familiarize themselves with the buying and selling setting earlier than transitioning to crypto futures buying and selling.
In the meantime, automated bot buying and selling has been gaining momentum within the cryptocurrency buying and selling business. The adoption of this technique has been on the rise, and a few merchants would favor an alternate that provides the choice to set parameters and let the bot execute trades of their absence. This fits merchants centered on futures, foreign exchange, and CFD buying and selling.
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What are the Professionals and Cons of PrimeXBT?
The professionals of PrimeXBT are the Covesting (copy buying and selling) function, excessive leverage, a number of asset courses for buying and selling, promotional provides, aggressive charges, superior buying and selling instruments, and responsive buyer help.
Covesting (Copy Buying and selling) Module: This function permits customers to comply with and mechanically copy the buying and selling methods of top-performing merchants. The purpose is to assist inexperienced persons and merchants who regularly lack the time to watch their trades, make a revenue from trades with out prior buying and selling data, and even when they’re absent.
Covesting’s utility token, COV, is built-in into its copy buying and selling module. Staking the COV token provides a number of advantages for merchants. As an example, it permits merchants to spice up income, safe price reductions, and improve revenue shares inside the Covesting ecosystem.
Excessive Leverage Choices: PrimeXBT provides leverage of as much as 200x for cryptocurrencies and as much as 1000x for foreign exchange, permitting merchants to amplify their positions and probably improve their income. It’s price noting that whereas leverage can amplify features, it additionally carries danger, so leverage buying and selling is greatest suited to skilled merchants in search of high-reward alternatives.Sturdy Safety Options: PrimeXBT makes use of sturdy safety measures similar to chilly storage for digital belongings, two-factor authentication, withdrawal deal with whitelisting, and encrypted information transmission to guard customers’ information and belongings. Whereas PrimeXBT is just not regulated by main monetary authorities, which is a priority, it’s a member of the Monetary Fee, offering a level of assurance by its €20,000 compensation fund. Promotional Provides: The platform commonly runs buying and selling contests, giveaways, and promotional campaigns that permit customers to earn bonuses, rewards, and even money prizes. In addition they provide new customers welcome bonuses price as much as $500 for finishing easy duties, like funding their accounts.
These incentives assist PrimeXBT prospects develop their portfolios with added rewards. Promotional duties on PrimeXBT are normally time-bound, however there may be all the time one thing to do and earn rewards from. To earn these rewards, go to the Promotions web page on the PrimeXBT official web site to view obtainable duties and their corresponding rewards.
Aggressive Charges: PrimeXBT prices low buying and selling charges, particularly for cryptocurrency buying and selling, making it a really perfect alternative for high-volume merchants, frequent merchants, and day merchants. Charges for crypto futures buying and selling on PrimeXBT International Alternate are as little as 0.01% for makers and 0.045% for taker orders. Superior Buying and selling Instruments: The buying and selling platform integrates with TradingView, offering entry to superior charting instruments, technical indicators, real-time market information, buying and selling alerts, and account administration instruments. Merchants can analyze value traits, check methods, and handle danger with precision and accuracy. Whether or not you’re scalping, swing buying and selling, or constructing a long-term plan, PrimeXBT provides the instruments wanted for skilled buying and selling. Responsive Buyer Help: The PrimeXBT buyer help group, obtainable 24/7, typically supplies immediate and useful responses. From our PrimeXBT overview, we discovered that buyer help is responsive, whether or not it’s a technical situation, an account query, or help with navigating the platform. Assistance is available by dwell chat, e mail, and complete academic assets, together with buying and selling tutorials and articles.A number of Asset Lessons for Buying and selling: PrimeXBT not solely provides crypto buying and selling but in addition helps a variety of economic devices, together with cryptocurrencies, foreign exchange, indices such because the S&P 500 and FTSE 100, and commodities like gold, silver, and oil. This allows merchants to execute various buying and selling methods and capitalize on market alternatives throughout numerous sectors, all from a single platform.
The cons of PrimeXBT are unregulated alternate, restricted crypto choices, no staking apart from COV, no spot market, bot buying and selling, and withdrawal delays.
Unregulated Alternate: PrimeXBT holds a Monetary Sector Conduct Authority (FSCA) license in South Africa, amongst different jurisdictions. Nevertheless, it operates with out oversight from main monetary regulators. The dearth of regulation means there’s restricted recourse within the occasion of disputes, and it could not meet the compliance requirements required by some institutional or skilled buyers. Restricted Crypto Choices: The platform helps over 40 crypto belongings, together with main cryptocurrencies similar to Bitcoin and Ethereum. Nevertheless, the general choice is proscribed in comparison with different exchanges that help as much as 500 cash. For that reason, it will not be an appropriate choice for merchants in search of to entry a broad vary of altcoins or spend money on newer, rising cryptocurrency initiatives. No Staking Apart from COV: PrimeXBT doesn’t help staking for widespread cryptocurrencies similar to ETH or ADA. The one obtainable staking function is tied to Covesting’s native token, COV, which limits passive revenue alternatives for customers trying to earn rewards from holding different digital belongings. No Spot Market: PrimeXBT focuses solely on futures and margin buying and selling. It doesn’t provide spot buying and selling, which can deter customers preferring to purchase and maintain precise belongings with out leverage. This additionally means no direct crypto-to-crypto or fiat-to-crypto purchases, not like on different exchanges similar to Crypto.com, Binance, and Bybit. No Bot Buying and selling: PrimeXBT doesn’t help built-in or third-party buying and selling bots, which limits automation choices for customers. Some merchants rely closely on crypto bots, that are instruments that assist them execute trades mechanically. In the event you favor to make use of algorithmic methods, auto-rebalancing, and different bot execution methods, you will see that the platform restrictive. Withdrawal Delays: Some customers have reported experiencing occasional delays in withdrawal processing, notably throughout excessive community congestion or elevated platform exercise. Whereas this concern is blended, it’s one thing to think about for merchants who require fast entry to their funds.
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What Nations and Areas are Out there for PrimeXBT Customers?
The nations and areas obtainable to PrimeXBT customers embody South Africa, Switzerland, India, Brazil, Mexico, Argentina, Vietnam, Thailand, Turkey, the United Arab Emirates (UAE), and greater than 140 different nations.
Nevertheless, PrimeXBT is just not obtainable in sure restricted jurisdictions, together with america, Canada, Japan, and some different nations with stringent regulatory necessities. Customers in these areas can not create accounts or entry the platform options attributable to compliance limitations.
Is PrimeXBT Out there within the USA?
No, PrimeXBT is just not obtainable within the USA. The dealer doesn’t provide its services and products to merchants in america attributable to regulatory points. In the event you’re searching for a superb various to PrimeXBT that gives comparable providers, similar to copy buying and selling, leverage buying and selling, and multi-asset markets together with crypto, foreign exchange, commodities, and indices, and is obtainable to US merchants, think about eToro.
eToro is a widely known platform for social buying and selling and replica buying and selling. It permits customers to duplicate the portfolios of high merchants, providing a clean and beginner-friendly expertise. Not like PrimeXBT, eToro is a regulated platform and provides actual shares, ETFs, crypto, foreign exchange, and commodities.
What are the PrimeXBT Charges?
The PrimeXBT charges are buying and selling charges, deposit charges, and withdrawal charges. Beneath is a breakdown of PrimeXBT charges and its withdrawal limits.
PrimeXBT Buying and selling Charges
PrimeXBT buying and selling charges are crypto futures charges, foreign exchange and CFD charges, copy buying and selling charges, and funding charges.
Crypto Futures Charges: Transaction charges for all merchants on the Phemex futures market are 0.01% for market makers. For takers, the charges are divided into three tiers, relying in your 30-day buying and selling quantity. Customers with lower than $5,000,000 month-to-month quantity pay 0.045%, these whose month-to-month quantity is above $5,000,000 pay 0.035%, and eventually, merchants with greater than $20,000,000 in month-to-month buying and selling quantity pay 0.02%. Foreign exchange and CFD Charges: For foreign exchange and CFD pairs, PrimeXBT prices a 0.0% flat fee per commerce with spreads as little as 0.1 pips. The alternate additionally prices a price for in a single day trades. In a single day financing prices differ by forex pair and place (lengthy or brief). Beneath is a breakdown of how a lot foreign exchange and CFD merchants ought to anticipate to pay in in a single day charges.
Copy Buying and selling Charges: PrimeXBT’s copy buying and selling charges contain a profit-sharing mannequin quite than conventional fee charges. For revenue distribution,Technique Supervisor (Dealer Being Copied): Receives 20% of income generated by followers.Platform: Takes 20% of income.Copy Dealer (Follower): Retains 60–75% of income from every copied commerce.
Charges are deducted from income solely when trades are profitable. Moreover, there are not any additional transaction prices; solely the usual PrimeXBT charges (e.g., futures, spreads, in a single day financing) apply to positions opened by copy buying and selling.
Funding Charges: PrimeXBT prices funding charges each 8 hours for open positions, various by asset. These charges should not mounted and differ based mostly on the cryptocurrency and market circumstances; subsequently, you have to to log in to view the precise funding fee for the contract you want to commerce. That mentioned, right here is an summary of the funding fee you need to anticipate to pay for various belongings.
PrimeXBT Deposit Charges
PrimeXBT deposit price is free. The platform provides free deposits for cryptocurrencies and financial institution playing cards. Nevertheless, utilizing third-party fee suppliers like Good Cash to purchase crypto or different belongings incurs a minimal price of 1.99% (imposed by the fee supplier, not PrimeXBT). The minimal deposit is roughly $1, topic to updates; examine their official web site for present necessities.
PrimeXBT Withdrawal Charges
PrimeXBT withdrawal charges are free for inner withdrawals. Nevertheless, merchants withdrawing to an exterior pockets should pay a hard and fast price for every cryptocurrency withdrawal to cowl the transaction prices of the blockchain community. These charges, set by blockchain networks, should not decided by PrimeXBT.
The precise price quantity depends upon the cryptocurrency you want to withdraw and may differ attributable to community congestion and transaction quantity on the time of your withdrawal request. For fiat forex withdrawals processed by third-party platforms, a price will probably be incurred, beginning at $5 for withdrawals of $10,000 or extra. This price can be depending on the third-party platform.
What’s the Withdrawal Limits on PrimeXBT?
The withdrawal restrict on PrimeXBT is $20,000 or equal in different currencies. Every account on PrimeXBT has an ordinary 24-hour withdrawal restrict. Nevertheless, when you want to improve your restrict above $20,000, you should full the KYC verification course of.
What Cryptocurrencies are Supported on PrimeXBT?
PrimeXBT helps over 40 crypto belongings, together with main cash similar to BTC, Ethereum, and SOL, in addition to stablecoins like Tether (USDT) and USDC, and memecoins like DOGE and SHIB. Along with cryptocurrencies, PrimeXBT permits customers to commerce numerous asset courses, together with foreign exchange, commodities, and indices.
What are the Greatest Options on PrimeXBT?
The most effective options on PrimeXBT are copy buying and selling (Covesting), PrimeXBT Futures & Margin Buying and selling, and the PrimeXBT Cellular App.
PrimeXBT Copy Buying and selling (Covesting)
The PrimeXBT Copy Buying and selling (Covesting) is a copy-trading module of the PrimeXBT buying and selling platform that allows inexperienced persons or less-experienced merchants to duplicate the buying and selling methods of main merchants with out superior buying and selling abilities or actively managing their very own positions.
Via the Covesting software program, PrimeXBT makes the buying and selling methods of skilled merchants public in a performance-based leaderboard. Followers can consider and select which merchants to repeat based mostly on a variety of metrics, together with return on funding (ROI), whole revenue, danger rating, variety of followers, and different related components.
For followers, Covesting simplifies the buying and selling course of. When you subscribe to a technique, your funds are mechanically aligned with the actions of the technique supervisor, who’s the dealer being copied. In the event that they make a revenue, additionally, you will make a proportional revenue, minus a buying and selling efficiency price shared between the profitable dealer and PrimeXBT.
One benefit of the PrimeXBT copy buying and selling function is that followers have account administration instruments at their disposal to manage their degree of market publicity by selecting how a lot capital they wish to allocate to a selected technique. Not like some locked-in funding merchandise, followers can even exit the technique at any time.
Covesting helps buying and selling throughout a variety of markets, together with cryptocurrencies, foreign exchange, commodities, and inventory indices, permitting you to diversify your funding portfolio.
Moreover, Covesting launched a token-based system by the COV utility token, which unlocks a number of advantages for customers, together with lowered transaction charges and elevated revenue shares. With this, customers holding COV tokens can improve their buying and selling expertise, earn passive revenue by staking COV, and probably enhance profitability.
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PrimeXBT Futures & Margin Buying and selling
PrimeXBT helps margin and futures buying and selling on over 100 belongings, together with cryptocurrencies, foreign exchange pairs, indices, and commodities. PrimeXBT platform provides leverage as much as 200x on choose pairs by way of cross-margin and remoted margin accounts. This implies merchants can management bigger positions and probably improve their revenue utilizing a comparatively small deposit.
Nevertheless, the utmost leverage varies throughout belongings. As an example, Bitcoin (BTC) and Ethereum (ETH) help as much as 200x, whereas XRP is capped at 175x, BNB at 75x, and belongings like LTC, MATIC, and ATOM at 50x. Merchants can examine obtainable leverage for every buying and selling pair on the platform earlier than opening a place.
As mentioned earlier, the PrimeXBT platform helps cross-margin accounts, which use your total account steadiness as collateral. This may scale back the prospect of speedy liquidation, particularly throughout market swings; nevertheless, it additionally will increase the chance of dropping cash quickly if trades go sideways.
Alternatively, remoted margin buying and selling limits your danger to the particular place you’re buying and selling. Leverage right here is capped at 100x, providing extra management and safety in opposition to broader account loss. That is ideally suited for merchants who wish to handle their publicity higher.
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PrimeXBT Cellular App
The PrimeXBT cell app is designed to reflect the complete performance of the desktop buying and selling platform, offering customers with seamless entry to varied buying and selling devices from their smartphones or tablets. The app is obtainable on each Android and iOS and delivers a complete buying and selling expertise for customers whereas they’re on the go.
With help for over 100 monetary markets, the app permits customers to commerce a variety of belongings, together with greater than 40 cryptocurrencies, foreign exchange pairs, indices, and commodities similar to gold and crude oil, all of which could be managed from a single person pleasant interface.
The cell app additionally provides high-leverage choices of as much as 200x for crypto futures and margin buying and selling, and as much as 1000x for foreign exchange. To help in-depth market evaluation, the PrimeXBT app encompasses a suite of superior instruments, together with real-time market information, customizable charts, and technical indicators.
Moreover, account safety is a high precedence on the PrimeXBT cell platform. The app helps two-factor authentication (2FA), withdrawal deal with whitelisting, and robust information encryption to safeguard person data and belongings. The corporate additionally provides biometric login choices, like fingerprint or facial recognition, including one other layer of safety and comfort for cell customers.
Learn how to Open a New PrimeXBT Buying and selling Account?
To open a brand new PrimeXBT buying and selling account, you have to to go to the platform’s official web site and supply the required data. Here’s a step-by-step information to opening an account.
Step 1: Register
Go to the official PrimeXBT web site and click on “Register” within the higher proper nook or choose “Join”. On the web page that opens, you possibly can select to enter your e mail and a powerful password manually, or you possibly can enroll utilizing your Apple ID or Google account.
Subsequent, confirm your e mail by getting into the 4-digit PIN that was despatched to the e-mail deal with you used. Choose your nation and click on “Proceed.” You now have a crypto buying and selling account with PrimeXBT.
Step 2: Id Verification (KYC)
Click on in your account icon, choose “Confirm account,” and examine the field to substantiate that you’ve got given PrimeXBT permission to course of your private data, then click on “Proceed.” Subsequent, present the required private particulars and make sure that you’re not a U.S. citizen or resident. Then, click on “Proceed.”
For id doc verification, you possibly can add a photograph already saved in your laptop or swap to utilizing your telephone to take a dwell picture of your government-issued identification doc. Choose “Proceed,” confirm that the data you may have supplied is appropriate, and click on “Subsequent”. Look forward to the alternate to confirm the paperwork.
Step 3: Depositing Funds
As soon as your account is verified, you possibly can deposit funds to begin buying and selling on PrimeXBT. To do that, click on “Deposit” and select whether or not you wish to deposit crypto or fiat. To switch crypto from one other pockets to your PrimeXBT account, click on “Deposit Crypto.
Subsequent, choose the cryptocurrency you wish to deposit and the community. Copy the generated pockets deal with and paste it into the pockets you’re transferring crypto from to finish your commerce.
Claiming the Deposit Bonus on PrimeXBT
The PrimeXBT buying and selling platform welcomes new merchants with a bonus of as much as $500 upon completion of their first deposit. This bonus is just obtainable when you signed up utilizing a PrimeXBT referral code or hyperlink. You should use our referral hyperlink to enroll and grow to be eligible for rewards.
To say the $500 bonuses, navigate to the primary menu after “PrimeXBT” on the higher left nook of the house web page and choose “Rewards” or go to the “Promotions” web page and declare when you’ve met all the factors.
Step 4: Begin Buying and selling (Crypto Futures)
Merchants should switch funds from their essential pockets to a margin buying and selling account to start buying and selling. Out of your PrimeXBT dashboard, click on on “Commerce.” This can result in the futures buying and selling interface, the place you possibly can view charts, order books, buying and selling pairs, and positions.
Select a crypto futures pair you want to commerce from the left-hand aspect (e.g., BTC/USD, ETH/USD). You may also seek for it within the top-left search bar and select your order sort (market or restrict order).
Subsequent, fill within the different particulars, similar to the quantity of the bottom forex you wish to purchase or promote, the leverage, and set the take-profit/stop-loss (non-obligatory however really helpful). As soon as you’re happy along with your parameters, click on “Purchase/Lengthy” if you’re betting on the worth to rise or click on “Promote/Brief” when you consider the price of the cryptocurrency will fall.
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Does PrimeXBT Require KYC?
Sure, PrimeXBT requires KYC earlier than you possibly can deposit and commerce. Merchants can open accounts with out KYC, however can not deposit crypto or use PrimeXBT buying and selling providers with out id verification. PrimeXBT platform additionally requires KYC when you want to use fiat providers, similar to depositing fiat currencies or shopping for crypto with fiat. The non-obligatory KYC for registration makes it one in every of our high selections for the greatest no KYC crypto exchanges.
Is PrimeXBT Secure and Legit to Use?
Sure, PrimeXBT is protected and legit to make use of for crypto and commodity buying and selling. The alternate employs strong safety measures to safeguard person belongings and has not skilled any important safety breaches since its launch in 2018. Nevertheless, merchants ought to be aware PrimeXBT’s restricted regulation, which can concern these prioritizing oversight.
Among the safety features that the PrimeXBT platform makes use of to safeguard merchants embody {hardware} safety modules, segregated accounts, unfavorable steadiness safety, a compensation fund, and superior encryption. As well as, they use two issue authentication, withdrawal deal with whitelisting, and cryptographically hashed passwords to guard customers’ accounts.
{Hardware} Safety Modules (HSMs) Rated FIPS PUB 140-2 Stage 3 or Increased
{Hardware} Safety Modules (HSMs) are devoted units designed to securely generate, retailer, and handle cryptographic keys. FIPS PUB 140-2 is a US authorities customary (Federal Data Processing Customary Publication 140-2) used to validate the energy and effectiveness of cryptographic modules. HMS has 4 ranges, with Stage 3 providing excessive safety.
PrimeXBT makes use of HSMs rated FIPS PUB 140-2 Stage 3 or increased to safeguard customers’ funds and delicate operations. These {hardware} units are constructed to guard in opposition to bodily tampering, unauthorized entry, and information leakage. With this, PrimeXBT ensures that even when a server is compromised, important information units, similar to non-public keys, will stay inaccessible.
Chilly Storage With Multisignature Expertise
PrimeXBT retains a good portion of customers’ funds in chilly wallets, that are offline storage programs that aren’t susceptible to hacking since they don’t seem to be linked to the web. Along with chilly pockets storage, PrimeXBT platform makes use of a system that requires a number of registered signatures to course of transactions.
Segregated Accounts
PrimeXBT retains shopper funds in segregated accounts, which means they’re saved separate from the corporate’s operational funds. This ensures that your capital is protected and by no means used for enterprise bills, supplying you with peace of thoughts that your belongings are underneath your management and accessible always.
Destructive Steadiness Safety
Crypto and foreign currency trading are dangerous, particularly with the excessive leverage that the buying and selling platform provides. PrimeXBT’s Destructive Steadiness Safety ensures that your account steadiness by no means falls beneath zero. Within the occasion of utmost market motion, this function mechanically closes your positions to forestall debt, saving you from owing greater than your preliminary funding.
Compensation Fund
PrimeXBT is a member of The Monetary Fee, an impartial exterior dispute decision physique. This membership offers PrimeXBT platform customers entry to a Compensation Fund of as much as €20,000 per declare if the buying and selling platform fails to satisfy its obligations and the Monetary Fee guidelines in your favour.
Superior Encryption
PrimeXBT makes use of superior encryption protocols, together with full SSL encryption for all private data and cryptographically hashed passwords, to guard customers additional. Each login, withdrawal, and motion is encrypted, making certain that your buying and selling account stays protected from malicious entry and cyber threats.
As mentioned earlier, PrimeXBT additionally encourages customers to activate these options so as to add safety to their accounts.
Two-Issue Authentication (2FA)
2FA provides a second layer of safety by requiring a further verification, similar to an authenticator app code, along with your password. This provides a layer of safety to your account that stops unauthorized customers from gaining access to your account even when they’ve your password.
Withdrawal Tackle Whitelisting
PrimeXBT provides its prospects the choice to whitelist withdrawal addresses they belief or regularly use for asset transfers. As soon as this safety function is activated, nobody can transfer your belongings to any unlisted pockets. Any try and proceed with that switch will probably be blocked till you replace the withdrawal record.
PrimeXBT Regulation and Licensing
PrimeXBT is licensed by numerous entities throughout a number of jurisdictions, making certain compliance with worldwide monetary requirements and offering a safe buying and selling setting for its customers. Though we don’t think about PrimeXBT a regulated alternate as a result of it lacks regulation from main our bodies, the buying and selling platform is licensed underneath the next authorities.
Monetary Companies Authority (FSA), Seychelles: PrimeXBT Buying and selling Companies LTD is a licensed Securities Seller underneath License No. SD162, licensed by the Seychelles Monetary Companies Authority. This license permits the corporate to offer a variety of buying and selling providers, together with cryptocurrency futures and Contracts for Distinction (CFDs). Monetary Sector Conduct Authority (FSCA), South Africa: Stack Advisory (PTY) LTD, the entity behind PrimeXBT in South Africa, is a licensed monetary providers supplier.Comisión Nacional de Activos Digitales (CNAD) & Banco Central de Reserva (BCR), El Salvador: PrimeXBT Buying and selling Companies, S.A. de C.V. holds a Digital Asset Companies Supplier (DASP) license from the CNAD and a Bitcoin Companies Supplier (BSP) license from the BCR. These licenses authorize the corporate to function inside El Salvador’s digital asset framework. Monetary Companies Fee (FSC), Mauritius: PXBT Capital Ltd is integrated in Mauritius and holds an Funding Seller license from the FSC. This license permits the corporate to supply funding providers, thereby additional increasing PrimeXBT’s regulated operations.
What are the PrimeXBT Options?
The most effective alternate options to PrimeXBT are eToro, Bybit, and FXopen. These exchanges share similarities with PrimeXBT platform by way of tradeable belongings, KYC necessities, and different options. As an example, Bybit provides an in depth copy buying and selling software for crypto, FX, and gold copy buying and selling, putting it on our rating of the greatest crypto copy buying and selling platforms, similar to PrimeXBT.
In addition to copy buying and selling, these various exchanges provide comparable merchandise and buying and selling choices, like a mixture of conventional buying and selling devices and cryptocurrencies, strong safety features, and margin buying and selling.
Regardless of similarities, every various provides distinctive options, similar to eToro’s regulation or Bybit’s broader crypto choice. For extra particulars on their similarities and variations, the highest PrimeXBT alternate options are summarized within the comparability desk beneath.
ExchangePrimeXBTeToroBybitFXopenFounded2018200720182005 (formally as a dealer)HeadquartersSeychellesIsrealUnited Arab EmiratesCyprusKey OptionsCopy buying and selling (Covesting), futures and margin buying and selling, and a cell app.Sensible portfolio, social buying and selling, CopyTrader, and demo account.Automated buying and selling bots, Launchpad, copy buying and selling, and Bybit Web3.Foreign exchange demo account, PAMM accounts, and a number of buying and selling platforms (MT4, MT5, TradingView, and TickTrader)Supported Cryptocurrencies40+85+500+40+KYC NecessitiesNecessaryNecessaryNecessaryNecessarySafety Measures Multisig chilly pockets storage, segregated accounts, unfavorable steadiness safety, and compensation fund.Segregated accounts, unfavorable steadiness safety, 2FA, and biometric login.Withdrawal affirmation, 2FA, chilly storage, and IP whitelisting.Multi-factor authentication and encryption for information transmission.Buying and selling ChoicesFutures, margin, copy buying and selling, foreign exchange, CFDs, indices, and commodities.Shares, crypto, commodities, indices, and ETFs.Spot, futures, choices, foreign exchange, CFDs, and replica buying and selling.FX, Commodities, Indices, Cryptocurrencies, ETFs, and Shares.Leverage Buying and selling Sure (as much as 200x for crypto and as much as 1000x for foreign exchange).Sure (as much as 10x)Sure (as much as 200x) Sure (as much as 500x)Spot MarketNoSureSureNoAutomated Buying and selling BotsNoSureSureSureEarn MerchandiseRefer a buddy, buying and selling contests, promotions (new person sign-up, commerce and earn, and so on.)Be taught and earn, crypto stacking, inventory lending, and extra.Financial savings, referral program, liquidity mining, and extra.Foreign exchange contestsBuying and selling Charges (Futures)Maker: 0.01%
Taker: 0.045%.
Fee charges
Index futures: $3
Commodity futures: $5
Maker: 0.0200%
Taker: 0.0550%
Fee charges
Beginning at $3.50
Minimal DepositCrypto: $1
Fiat currencies: $10
$10 (relying in your location).$2 (relying on the cryptocurrency).1 USDCost Strategies (Deposit and Withdrawal)Credit score/debit card, crypto, and third-party fee processors.eToro Cash, credit score/debit playing cards, and third-party fee processors.Card, crypto, third-party firms, and P2P.On-line financial institution switch, credit score/debit card, and wire switch.Buyer HelpElectronic mail and Stay ChatChatbot and Stay Chat.Stay chat, e mail, and social media.Electronic mail, telephone, and on-line chat.Out there within the USNoSureNoNo
Professional Tip: In addition to the aforementioned PrimeXBT alternate options, different exchanges provide complete crypto buying and selling instruments and sign-up bonuses, making them appropriate for inexperienced persons and seasoned merchants.
If you’re contemplating exchanges which can be designed for cryptocurrency buying and selling due to your buying and selling preferences, try our compilation of the greatest crypto sign-up bonuses. The codes from this text may also help you get unique rewards price as much as $30,000 to begin your buying and selling journey on a few of the high exchanges within the crypto buying and selling business.
