PrimeXBT Exchange Review: Is It Safe To Use?

Well, as cryptocurrencies have grown in popularity over the years, so has the demand for a good and reputable platform for crypto trading. The more channels that appear, the greater the competition for user attention. Some platforms manage to achieve this, others fail as quickly as they appear and perish. One of the very popular trading platforms for exchanges is PrimeXBT. Check out this PrimeXBT exchange Review in detail now.

What is PrimeXBT?

Prime XBT is an online Bitcoin-related exchange that provides cryptocurrencies and CFDs on its website for trading. The company was founded in Seychelles in 2018. Since its launch, Prime XBT has seen rapid growth in a short period, having customers from 150 different countries.

Prime XBT as the best crypto brokers and cryptocurrency exchange provides a powerful platform filled with valuable trading resources perfect for beginners and intermediate traders. This website is available in six languages namely: English, Chinese, Spanish, Korean, Portuguese, and Russian.

Pros of PrimeXBT exchange:

• Competitive service fees and trading terms

• crypto asset 1:100 is the leverage

• Credit Card Savings Available

• It provides a Referral System

• They provide Anonymous Account

PrimeXBT Fees and Limitations

PrimeXBT charges two types of fees: trading fees and overnight financing. The trading fee for cryptocurrency assets is 0.05% each time you buy or sell on the market. Overnight finance fees vary for different cryptocurrencies based on liquidity.

PrimeXBT does not charge a deposit fee. When withdrawing Bitcoin There is a minimum Bitcoin fee paid, which is calculated by the blockchain. Prime XBT has set this fee at the usual 0.0005 BTC.

PrimeXBT Features

1) Ultimate XBT Leverage: Leverage is one of the many features advanced traders tend to look for, but most platforms offer very limited leverage in cryptocurrency trading. PrimeXBT stands out by offering 1:100 leverage.

2) Asset Coverage: This is one of the most interesting things about the PrimeXBT trading platform. Users can trade a wide variety of markets using Bitcoin as leverage, including Forex (FX), cryptocurrencies, commodities, and indices.

3) PrimeXBT Fees: PrimeXBT offers several competitive fees. They only have two types of fees and these are trading fees and overnight fees. The fee is set at 0.05%.

4) Security: Most of the coins stored on PrimeXBT are stored in cold storage. That means they are kept away from internet access and the possible danger of hackers in a secure offline environment.

5) Customer Support: Probably the fastest and most effective way to get customer support is through live chat which is accessible directly from the trading platform. It is active and available 24/7. Apart from that, there is also an email support option.

Frequently Asked Questions About PrimeXBT

How does PrimeXBT work?

PrimeXBT benefits from commissions charged to users for transactions and withdrawals. Although deposits are accepted for free, withdrawing BTC from the platform costs 0.0005 BTC.

Does PrimeXBT offer margin or leverage trading?

Yes, PrimeXBT offers 1:100 leverage for all cryptocurrencies, commodities, and indices available on the platform and 1:1000 leverage for major Forex currencies

Wrapping Up

If you are looking for leveraged cryptocurrency exchange with quite advanced technology, direct fees, and good security procedures then this exchange should be considered. It seems from this analysis that Prime XBT can be an attractive option for you to trade leveraged cryptocurrency instruments.

PrimeXBT is building a strong offering in a bustling trading space for cryptocurrencies. The trading platform is easy to use and with low commissions, tight spreads, and excellent leverage, PrimeXBT stands out from the competition.

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