PrimeXBT World Change is a number one dealer that gives 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 very best options that make PrimeXBT an acceptable alternate for each skilled and newbie merchants are copy buying and selling, futures and margin buying and selling, and an intuitive cellular app that gives 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 profit from their investments. As well as, customers shouldn’t have to fret concerning the security of their funds, as a result of PrimeXBT is secure to purchase and promote crypto and different belongings in 2025.
That will help you decide if PrimeXBT is an efficient alternate for you, this PrimeXBT evaluate covers what PrimeXBT is, the platform’s charges, supported cryptocurrencies, the most effective options of PrimeXBT, a step-by-step information on easy methods 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 gives a buying and selling platform for getting, promoting, and storing cryptocurrencies. PrimeXBT clients even have entry to commerce over 100 widespread monetary devices, together with crypto futures and CFDs, foreign exchange (FX), indices, and commodities.
The platform gives margin buying and selling with leverage as much as 200x for cryptocurrencies and 1000x for foreign exchange pairs, considerably enhancing earnings. This makes it enticing to skilled merchants preferring high-risk, high-reward buying and selling and are comfy 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 characteristic. 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 gives options like superior charting and excessive leverage, superb for informal, swing, and day merchants. These options and buying and selling choices will likely be mentioned in additional element on this PrimeXBT evaluate. For now, the desk under offers fundamental details about PrimeXBT, together with its safety features, buying and selling choices, and supported cryptocurrencies.
ChangePrimeXBTBased2018HeadquartersSeychellesPhemex Key OptionsCopy buying and selling (Covesting), futures and margin buying and selling, and a cellular app.Supported Cryptocurrencies40+KYC NecessitiesNecessarySafety Measures {Hardware} safety modules, multisig chilly pockets storage, SSL encryption, segregated accounts, unfavorable stability 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 good friend, take part in buying and selling contests, and promotions (together with new consumer 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
Fee Strategies (Deposit and Withdrawal)Credit score/debit card, crypto, and third-party fee suppliers.Buyer HelpElectronic mail and Dwell ChatObtainable within the USNo
Whereas PrimeXBT gives over 5 asset courses for buying and selling and greater than 100 monetary devices, it nonetheless lacks some options that might make it a poor match for particular merchants. As an example, the platform gives 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 getting and promoting belongings, is broadly used on exchanges. The truth is, it’s the finest place for newbie merchants to begin, as it’s simpler to navigate. This enables them to familiarize themselves with the buying and selling surroundings 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 trade. The adoption of this technique has been on the rise, and a few merchants would like an alternate that gives the choice to set parameters and let the bot execute trades of their absence. This fits merchants targeted on futures, foreign exchange, and CFD buying and selling.
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What are the Execs and Cons of PrimeXBT?
The professionals of PrimeXBT are the Covesting (copy buying and selling) characteristic, excessive leverage, a number of asset courses for buying and selling, promotional gives, aggressive charges, superior buying and selling instruments, and responsive buyer help.
Covesting (Copy Buying and selling) Module: This characteristic permits customers to comply with and mechanically copy the buying and selling methods of top-performing merchants. The purpose is to assist newcomers and merchants who steadily 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 gives a number of advantages for merchants. As an example, it permits merchants to spice up earnings, safe price reductions, and enhance revenue shares throughout the Covesting ecosystem.
Excessive Leverage Choices: PrimeXBT gives leverage of as much as 200x for cryptocurrencies and as much as 1000x for foreign exchange, permitting merchants to amplify their positions and doubtlessly enhance their earnings. It’s price noting that whereas leverage can amplify positive aspects, it additionally carries threat, so leverage buying and selling is finest fitted to skilled merchants in search of high-reward alternatives.Strong Safety Options: PrimeXBT makes use of robust safety measures similar to chilly storage for digital belongings, two-factor authentication, withdrawal deal with whitelisting, and encrypted knowledge transmission to guard customers’ knowledge and belongings. Whereas PrimeXBT isn’t regulated by main monetary authorities, which is a priority, it’s a member of the Monetary Fee, offering a level of assurance by way of its €20,000 compensation fund. Promotional Presents: The platform recurrently runs buying and selling contests, giveaways, and promotional campaigns that permit customers to earn bonuses, rewards, and even money prizes. Additionally they provide new customers welcome bonuses price as much as $500 for finishing easy duties, like funding their accounts.
These incentives assist PrimeXBT clients develop their portfolios with added rewards. Promotional duties on PrimeXBT are often time-bound, however there’s at all times 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 out there duties and their corresponding rewards.
Aggressive Charges: PrimeXBT costs low buying and selling charges, particularly for cryptocurrency buying and selling, making it a super selection for high-volume merchants, frequent merchants, and day merchants. Charges for crypto futures buying and selling on PrimeXBT World Change 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 knowledge, buying and selling alerts, and account administration instruments. Merchants can analyze value tendencies, check methods, and handle threat with precision and accuracy. Whether or not you might be scalping, swing buying and selling, or constructing a long-term plan, PrimeXBT gives the instruments wanted for skilled buying and selling. Responsive Buyer Help: The PrimeXBT buyer help workforce, out there 24/7, usually offers immediate and useful responses. From our PrimeXBT evaluate, we discovered that buyer help is responsive, whether or not it’s a technical concern, an account query, or help with navigating the platform. Assistance is available by way of reside chat, e-mail, and complete instructional sources, together with buying and selling tutorials and articles.A number of Asset Courses for Buying and selling: PrimeXBT not solely gives crypto buying and selling but additionally helps a variety of monetary devices, together with cryptocurrencies, foreign exchange, indices such because the S&P 500 and FTSE 100, and commodities like gold, silver, and oil. This permits 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 Change: PrimeXBT holds a Monetary Sector Conduct Authority (FSCA) license in South Africa, amongst different jurisdictions. Nonetheless, 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. Nonetheless, the general choice is proscribed in comparison with different exchanges that help as much as 500 cash. For that reason, it might not be an acceptable choice for merchants in search of to entry a broad vary of altcoins or spend money on newer, rising cryptocurrency tasks. No Staking Aside from COV: PrimeXBT doesn’t help staking for widespread cryptocurrencies similar to ETH or ADA. The one out there staking characteristic is tied to Covesting’s native token, COV, which limits passive earnings alternatives for customers seeking 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. Should you choose to make use of algorithmic methods, auto-rebalancing, and different bot execution methods, you can see the platform restrictive. Withdrawal Delays: Some customers have reported experiencing occasional delays in withdrawal processing, significantly throughout excessive community congestion or elevated platform exercise. Whereas this concern is blended, it’s one thing to contemplate for merchants who require fast entry to their funds.
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What Nations and Areas are Obtainable for PrimeXBT Customers?
The international locations and areas out there to PrimeXBT customers embrace South Africa, Switzerland, India, Brazil, Mexico, Argentina, Vietnam, Thailand, Turkey, the United Arab Emirates (UAE), and greater than 140 different international locations.
Nonetheless, PrimeXBT isn’t out there in sure restricted jurisdictions, together with the USA, Canada, Japan, and some different international locations with stringent regulatory necessities. Customers in these areas can not create accounts or entry the platform options resulting from compliance limitations.
Is PrimeXBT Obtainable within the USA?
No, PrimeXBT isn’t out there within the USA. The dealer doesn’t provide its services and products to merchants in the USA resulting from regulatory points. Should you’re on the lookout for a superb various to PrimeXBT that gives related 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 easy and beginner-friendly expertise. Not like PrimeXBT, eToro is a regulated platform and gives 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. Under 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 costs a 0.0% flat charge per commerce with spreads as little as 0.1 pips. The alternate additionally costs a price for in a single day trades. In a single day financing prices fluctuate by forex pair and place (lengthy or brief). Under is a breakdown of how a lot foreign exchange and CFD merchants ought to count on 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 slightly than conventional fee charges. For revenue distribution,Technique Supervisor (Dealer Being Copied): Receives 20% of earnings generated by followers.Platform: Takes 20% of earnings.Copy Dealer (Follower): Retains 60–75% of earnings from every copied commerce.
Charges are deducted from earnings solely when trades are profitable. Moreover, there aren’t any further transaction prices; solely the usual PrimeXBT charges (e.g., futures, spreads, in a single day financing) apply to positions opened by way of copy buying and selling.
Funding Charges: PrimeXBT costs funding charges each 8 hours for open positions, various by asset. These charges will not be mounted and fluctuate primarily based on the cryptocurrency and market situations; subsequently, you’ll need to log in to view the precise funding charge for the contract you want to commerce. That mentioned, right here is an outline of the funding charge it’s best to count on to pay for various belongings.
PrimeXBT Deposit Charges
PrimeXBT deposit price is free. The platform gives free deposits for cryptocurrencies and financial institution playing cards. Nonetheless, 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 inside withdrawals. Nonetheless, 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, will not be decided by PrimeXBT.
The particular price quantity relies on the cryptocurrency you want to withdraw and may fluctuate resulting from community congestion and transaction quantity on the time of your withdrawal request. For fiat forex withdrawals processed by way of third-party platforms, a price will likely 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. Nonetheless, when you want to enhance your restrict above $20,000, you will need to 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 Finest Options on PrimeXBT?
The very best options on PrimeXBT are copy buying and selling (Covesting), PrimeXBT Futures & Margin Buying and selling, and the PrimeXBT Cell 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 permits newcomers 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 primarily based on a variety of metrics, together with return on funding (ROI), whole revenue, threat rating, variety of followers, and different related elements.
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 characteristic is that followers have account administration instruments at their disposal to regulate 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 way of the COV utility token, which unlocks a number of advantages for customers, together with diminished transaction charges and elevated revenue shares. With this, customers holding COV tokens can improve their buying and selling expertise, earn passive earnings by staking COV, and doubtlessly 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 gives leverage as much as 200x on choose pairs through cross-margin and remoted margin accounts. This implies merchants can management bigger positions and doubtlessly enhance their revenue utilizing a comparatively small deposit.
Nonetheless, 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 out there 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 stability as collateral. This will cut back the possibility of fast liquidation, particularly throughout market swings; nevertheless, it additionally will increase the danger of dropping cash quickly if trades go sideways.
Alternatively, remoted margin buying and selling limits your threat to the precise 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 superb for merchants who wish to handle their publicity higher.
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PrimeXBT Cell App
The PrimeXBT cellular app is designed to reflect the total performance of the desktop buying and selling platform, offering customers with seamless entry to numerous 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 may be managed from a single consumer pleasant interface.
The cellular app additionally gives 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 includes a suite of superior instruments, together with real-time market knowledge, customizable charts, and technical indicators.
Moreover, account safety is a high precedence on the PrimeXBT cellular platform. The app helps two-factor authentication (2FA), withdrawal deal with whitelisting, and powerful knowledge encryption to safeguard consumer data and belongings. The corporate additionally gives biometric login choices, like fingerprint or facial recognition, including one other layer of safety and comfort for cellular customers.
Easy methods to Open a New PrimeXBT Buying and selling Account?
To open a brand new PrimeXBT buying and selling account, you’ll need 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 “Enroll”. On the web page that opens, you’ll be able to select to enter your e-mail and a powerful password manually, or you’ll be able to join utilizing your Apple ID or Google account.
Subsequent, confirm your e-mail by coming 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: Identification 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’ll be able to add a photograph already saved in your pc or swap to utilizing your telephone to take a reside picture of your government-issued identification doc. Choose “Proceed,” confirm that the data you may have supplied is appropriate, and click on “Subsequent”. Await the alternate to confirm the paperwork.
Step 3: Depositing Funds
As soon as your account is verified, you’ll be able to 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 might be 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 barely out there when you signed up utilizing a PrimeXBT referral code or hyperlink. You should use our referral hyperlink to enroll and turn out to be eligible for rewards.
To assert 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 standards.
Step 4: Begin Buying and selling (Crypto Futures)
Merchants should switch funds from their most important pockets to a margin buying and selling account to start buying and selling. Out of your PrimeXBT dashboard, click on on “Commerce.” This may result in the futures buying and selling interface, the place you’ll be able to 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 as well seek for it within the top-left search bar and select your order kind (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 beneficial). As soon as you might be glad along with your parameters, click on “Purchase/Lengthy” if you’re betting on the value to rise or click on “Promote/Quick” when you imagine the price of the cryptocurrency will fall.
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Does PrimeXBT Require KYC?
Sure, PrimeXBT requires KYC earlier than you’ll be able to 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 all our high decisions for the finest no KYC crypto exchanges.
Is PrimeXBT Protected and Legit to Use?
Sure, PrimeXBT is secure and legit to make use of for crypto and commodity buying and selling. The alternate employs strong safety measures to safeguard consumer belongings and has not skilled any important safety breaches since its launch in 2018. Nonetheless, merchants ought to word PrimeXBT’s restricted regulation, which can concern these prioritizing oversight.
A number of the safety features that the PrimeXBT platform makes use of to safeguard merchants embrace {hardware} safety modules, segregated accounts, unfavorable stability 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 Greater
{Hardware} Safety Modules (HSMs) are devoted units designed to securely generate, retailer, and handle cryptographic keys. FIPS PUB 140-2 is a US authorities commonplace (Federal Info 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 knowledge leakage. With this, PrimeXBT ensures that even when a server is compromised, important knowledge units, similar to personal keys, will stay inaccessible.
Chilly Storage With Multisignature Expertise
PrimeXBT retains a good portion of customers’ funds in chilly wallets, that are offline storage techniques 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 consumer funds in segregated accounts, that means they’re stored separate from the corporate’s operational funds. This ensures that your capital is protected and by no means used for enterprise bills, providing you with peace of thoughts that your belongings are below your management and accessible always.
Unfavourable Steadiness Safety
Crypto and foreign currency trading are dangerous, particularly with the excessive leverage that the buying and selling platform gives. PrimeXBT’s Unfavourable Steadiness Safety ensures that your account stability by no means falls under zero. Within the occasion of maximum market motion, this characteristic 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 unbiased exterior dispute decision physique. This membership provides 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 secure 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 an extra verification, similar to an authenticator app code, along with your password. This provides a layer of safety to your account that forestalls unauthorized customers from accessing your account even when they’ve your password.
Withdrawal Handle Whitelisting
PrimeXBT gives its clients the choice to whitelist withdrawal addresses they belief or steadily use for asset transfers. As soon as this safety characteristic is activated, nobody can transfer your belongings to any unlisted pockets. Any try and proceed with that switch will likely be blocked till you replace the withdrawal checklist.
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 surroundings 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 below the next authorities.
Monetary Providers Authority (FSA), Seychelles: PrimeXBT Buying and selling Providers LTD is a licensed Securities Vendor below License No. SD162, licensed by the Seychelles Monetary Providers 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 certified monetary providers supplier.Comisión Nacional de Activos Digitales (CNAD) & Banco Central de Reserva (BCR), El Salvador: PrimeXBT Buying and selling Providers, S.A. de C.V. holds a Digital Asset Providers Supplier (DASP) license from the CNAD and a Bitcoin Providers Supplier (BSP) license from the BCR. These licenses authorize the corporate to function inside El Salvador’s digital asset framework. Monetary Providers Fee (FSC), Mauritius: PXBT Capital Ltd is included in Mauritius and holds an Funding Vendor license from the FSC. This license permits the corporate to supply funding providers, thereby additional increasing PrimeXBT’s regulated operations.
What are the PrimeXBT Alternate options?
The very best alternate options to PrimeXBT are eToro, Bybit, and FXopen. These exchanges share similarities with PrimeXBT platform when it comes to tradeable belongings, KYC necessities, and different options. As an example, Bybit gives an in depth copy buying and selling software for crypto, FX, and gold copy buying and selling, putting it on our rating of the finest crypto copy buying and selling platforms, similar to PrimeXBT.
In addition to copy buying and selling, these various exchanges provide related 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 gives 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 under.
ExchangePrimeXBTeToroBybitFXopenFounded2018200720182005 (formally as a dealer)HeadquartersSeychellesIsrealUnited Arab EmiratesCyprusKey OptionsCopy buying and selling (Covesting), futures and margin buying and selling, and a cellular app.Good 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 stability safety, and compensation fund.Segregated accounts, unfavorable stability safety, 2FA, and biometric login.Withdrawal affirmation, 2FA, chilly storage, and IP whitelisting.Multi-factor authentication and encryption for knowledge 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 good friend, buying and selling contests, promotions (new consumer sign-up, commerce and earn, and so on.)Study 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 USDFee 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 Dwell ChatChatbot and Dwell Chat.Dwell chat, e-mail, and social media.Electronic mail, telephone, and on-line chat.Obtainable 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 newcomers and seasoned merchants.
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