PrimeXBT World Trade 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 perfect options that make PrimeXBT an acceptable trade for each skilled and newbie merchants are copy buying and selling, futures and margin buying and selling, and an intuitive cellular 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 should not have to fret in regards to the security of their funds, as a result of PrimeXBT is protected to purchase and promote crypto and different property in 2025.
That will help you decide if PrimeXBT is an effective trade 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 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 Evaluate: 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 clients even have entry to commerce over 100 well-liked 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 income. This makes it engaging 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 copy 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, supreme for informal, swing, and day merchants. These options and buying and selling choices can be mentioned in additional element on this PrimeXBT evaluate. For now, the desk beneath gives primary details about PrimeXBT, together with its safety features, buying and selling choices, and supported cryptocurrencies.
TradePrimeXBTBased2018HeadquartersSeychellesPhemex 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, adverse steadiness safety, two-factor authentication (2FA), withdrawal handle 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 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 cost suppliers.Buyer AssistE-mail and Dwell ChatOut there within the USNo
Whereas PrimeXBT gives over 5 asset lessons 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 illustration, the platform gives a restricted choice of cryptocurrency property and doesn’t assist spot or crypto bot buying and selling.
Spot buying and selling, a easy technique for purchasing and promoting property, is extensively used on exchanges. Actually, it’s the finest place for newbie merchants to start out, as it’s simpler to navigate. This permits 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 trade that provides 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 Professionals and Cons of PrimeXBT?
The professionals of PrimeXBT are the Covesting (copy buying and selling) characteristic, excessive leverage, a number of asset lessons for buying and selling, promotional gives, aggressive charges, superior buying and selling instruments, and responsive buyer assist.
Covesting (Copy Buying and selling) Module: This characteristic permits customers to comply with and robotically copy the buying and selling methods of top-performing merchants. The objective is to assist inexperienced persons 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 illustration, it permits merchants to spice up income, safe price reductions, and improve 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 improve their income. It’s price noting that whereas leverage can amplify beneficial properties, it additionally carries threat, so leverage buying and selling is finest fitted to skilled merchants searching for high-reward alternatives.Sturdy Safety Options: PrimeXBT makes use of robust safety measures similar to chilly storage for digital property, two-factor authentication, withdrawal handle whitelisting, and encrypted information transmission to guard customers’ information and property. Whereas PrimeXBT will not be regulated by main monetary authorities, which is a priority, it’s a member of the Monetary Fee, offering a level of assurance by means of its €20,000 compensation fund. Promotional Affords: 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 may be 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 obtainable duties and their corresponding rewards.
Aggressive Charges: PrimeXBT fees 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 Trade 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 threat with precision and accuracy. Whether or not you’re scalping, swing buying and selling, or constructing a long-term plan, PrimeXBT gives the instruments wanted for skilled buying and selling. Responsive Buyer Assist: The PrimeXBT buyer assist workforce, obtainable 24/7, usually gives immediate and useful responses. From our PrimeXBT evaluate, we discovered that buyer assist is responsive, whether or not it’s a technical subject, an account query, or help with navigating the platform. Assistance is available by means of dwell chat, e-mail, and complete instructional sources, together with buying and selling tutorials and articles.A number of Asset Lessons for Buying and selling: PrimeXBT not solely gives crypto buying and selling but in addition 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 allows merchants to execute numerous buying and selling methods and capitalize on market alternatives throughout numerous sectors, all from a single platform.
The cons of PrimeXBT are unregulated trade, restricted crypto choices, no staking apart from COV, no spot market, bot buying and selling, and withdrawal delays.
Unregulated Trade: 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 property, together with main cryptocurrencies similar to Bitcoin and Ethereum. Nevertheless, the general choice is proscribed in comparison with different exchanges that assist as much as 500 cash. Because of this, it is probably not an acceptable possibility for merchants searching for to entry a broad vary of altcoins or spend money on newer, rising cryptocurrency initiatives. No Staking Apart from COV: PrimeXBT doesn’t assist staking for well-liked cryptocurrencies similar to ETH or ADA. The one obtainable 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 property. 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 property with out leverage. This additionally means no direct crypto-to-crypto or fiat-to-crypto purchases, in contrast to on different exchanges similar to Crypto.com, Binance, and Bybit. No Bot Buying and selling: PrimeXBT doesn’t assist 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 robotically. When you favor 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, notably 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.
Commerce securely on PrimeXBT’s trusted platform. Be a part of in the present day and unlock a $500 welcome bonus
What International locations and Areas are Out there for PrimeXBT Customers?
The international locations and areas obtainable 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.
Nevertheless, PrimeXBT will not be obtainable 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 on account of compliance limitations.
Is PrimeXBT Out there within the USA?
No, PrimeXBT will not be obtainable within the USA. The dealer doesn’t provide its services and products to merchants in the USA on account of regulatory points. When you’re in search of a superb different 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 offered to US merchants, think about eToro.
eToro is a widely known platform for social buying and selling and duplicate buying and selling. It permits customers to copy the portfolios of high merchants, providing a easy and beginner-friendly expertise. In contrast to 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 at last, 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 fees a 0.0% flat charge per commerce with spreads as little as 0.1 pips. The trade additionally fees a price for in a single day trades. In a single day financing prices differ by foreign money pair and place (lengthy or quick). Under 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 relatively 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 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 means of copy buying and selling.
Funding Charges: PrimeXBT fees funding charges each 8 hours for open positions, various by asset. These charges will not be mounted and differ based mostly on the cryptocurrency and market situations; subsequently, you will have 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 is best to anticipate to pay for various property.
PrimeXBT Deposit Charges
PrimeXBT deposit price is free. The platform gives free deposits for cryptocurrencies and financial institution playing cards. Nevertheless, utilizing third-party cost suppliers like Good Cash to purchase crypto or different property incurs a minimal price of 1.99% (imposed by the cost supplier, not PrimeXBT). The minimal deposit is roughly $1, topic to updates; test 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, will not be decided by PrimeXBT.
The particular price quantity will depend on the cryptocurrency you want to withdraw and may differ on account of community congestion and transaction quantity on the time of your withdrawal request. For fiat foreign money withdrawals processed by means of third-party platforms, a price can be incurred, beginning at $5 for withdrawals of $10,000 or extra. This price can also 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 a regular 24-hour withdrawal restrict. Nevertheless, if you happen to want to improve your restrict above $20,000, you could full the KYC verification course of.
What Cryptocurrencies are Supported on PrimeXBT?
PrimeXBT helps over 40 crypto property, 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 lessons, together with foreign exchange, commodities, and indices.
What are the Greatest Options on PrimeXBT?
The perfect 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 inexperienced persons or less-experienced merchants to copy 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 spread of metrics, together with return on funding (ROI), complete revenue, threat rating, variety of followers, and different related components.
For followers, Covesting simplifies the buying and selling course of. When you subscribe to a method, your funds are robotically 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 manage their degree of market publicity by selecting how a lot capital they wish to allocate to a selected technique. In contrast to 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 means of 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 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 property, 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 improve their revenue utilizing a comparatively small deposit.
Nevertheless, the utmost leverage varies throughout property. As an illustration, Bitcoin (BTC) and Ethereum (ETH) assist as much as 200x, whereas XRP is capped at 175x, BNB at 75x, and property like LTC, MATIC, and ATOM at 50x. Merchants can test 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 complete account steadiness as collateral. This may scale back the prospect of fast liquidation, particularly throughout market swings; nonetheless, 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 towards broader account loss. That is supreme 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 offered on each Android and iOS and delivers a complete buying and selling expertise for customers whereas they’re on the go.
With assist for over 100 monetary markets, the app permits customers to commerce a variety of property, 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 person 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 assist in-depth market evaluation, the PrimeXBT app incorporates 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 cellular platform. The app helps two-factor authentication (2FA), withdrawal handle whitelisting, and robust information encryption to safeguard person info and property. The corporate additionally gives biometric login choices, like fingerprint or facial recognition, including one other layer of safety and comfort for cellular customers.
How one can Open a New PrimeXBT Buying and selling Account?
To open a brand new PrimeXBT buying and selling account, you will have to go to the platform’s official web site and supply the required info. 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 may select to enter your e-mail and a powerful password manually, or you may 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 handle 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 test the field to verify that you’ve got given PrimeXBT permission to course of your private info, then click on “Proceed.” Subsequent, present the required private particulars and ensure that you’re not a U.S. citizen or resident. Then, click on “Proceed.”
For identification doc verification, you may add a photograph already saved in your pc or change to utilizing your telephone to take a dwell picture of your government-issued identification doc. Choose “Proceed,” confirm that the knowledge you have got offered is appropriate, and click on “Subsequent”. Await the trade to confirm the paperwork.
Step 3: Depositing Funds
As soon as your account is verified, you may deposit funds to start out 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 handle 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 barely obtainable if you happen to signed up utilizing a PrimeXBT referral code or hyperlink. You should use our referral hyperlink to enroll and change into 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 if you happen to’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.” It will result in the futures buying and selling interface, the place you may view charts, order books, buying and selling pairs, and positions.
Select a crypto futures pair you want to commerce from the left-hand facet (e.g., BTC/USD, ETH/USD). You too can 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 foreign money you wish to purchase or promote, the leverage, and set the take-profit/stop-loss (optionally available however really helpful). As soon as you’re happy together with your parameters, click on “Purchase/Lengthy” if you’re betting on the value to rise or click on “Promote/Brief” if you happen to consider the price of the cryptocurrency will fall.
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Does PrimeXBT Require KYC?
Sure, PrimeXBT requires KYC earlier than you may deposit and commerce. Merchants can open accounts with out KYC, however can not deposit crypto or use PrimeXBT buying and selling providers with out identification verification. PrimeXBT platform additionally requires KYC if you happen to want to use fiat providers, similar to depositing fiat currencies or shopping for crypto with fiat. The optionally available KYC for registration makes it one among our high decisions for the finest 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 trade employs strong safety measures to safeguard person property 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 embrace {hardware} safety modules, segregated accounts, adverse steadiness safety, a compensation fund, and superior encryption. As well as, they use two issue authentication, withdrawal handle whitelisting, and cryptographically hashed passwords to guard customers’ accounts.
{Hardware} Safety Modules (HSMs) Rated FIPS PUB 140-2 Stage 3 or Larger
{Hardware} Safety Modules (HSMs) are devoted gadgets designed to securely generate, retailer, and handle cryptographic keys. FIPS PUB 140-2 is a US authorities customary (Federal Info Processing Normal Publication 140-2) used to validate the power 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 larger to safeguard customers’ funds and delicate operations. These {hardware} gadgets are constructed to guard towards bodily tampering, unauthorized entry, and information leakage. With this, PrimeXBT ensures that even when a server is compromised, important information 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 aren’t 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, which 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 property are underneath your management and accessible always.
Adverse Steadiness Safety
Crypto and foreign currency trading are dangerous, particularly with the excessive leverage that the buying and selling platform gives. PrimeXBT’s Adverse Steadiness Safety ensures that your account steadiness by no means falls beneath zero. Within the occasion of utmost market motion, this characteristic robotically 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 info 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 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 gaining access to your account even when they’ve your password.
Withdrawal Deal with 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 property to any unlisted pockets. Any try and proceed with that switch can 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 trade 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 Vendor underneath License No. SD162, approved by the Seychelles Monetary Companies Authority. This license permits the corporate to offer a spread 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 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 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 perfect alternate options to PrimeXBT are eToro, Bybit, and FXopen. These exchanges share similarities with PrimeXBT platform when it comes to tradeable property, KYC necessities, and different options. As an illustration, Bybit gives an intensive copy buying and selling instrument for crypto, FX, and gold copy buying and selling, inserting it on our rating of the finest crypto copy buying and selling platforms, similar to PrimeXBT.
In addition to copy buying and selling, these different 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 different 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 beneath.
ExchangePrimeXBTeToroBybitFXopenFounded2018200720182005 (formally as a dealer)HeadquartersSeychellesIsrealUnited Arab EmiratesCyprusKey OptionsCopy buying and selling (Covesting), futures and margin buying and selling, and a cellular 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, adverse steadiness safety, and compensation fund.Segregated accounts, adverse 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 duplicate 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 person 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 USDCost Strategies (Deposit and Withdrawal)Credit score/debit card, crypto, and third-party cost processors.eToro Cash, credit score/debit playing cards, and third-party cost processors.Card, crypto, third-party corporations, and P2P.On-line financial institution switch, credit score/debit card, and wire switch.Buyer AssistE-mail and Dwell ChatChatbot and Dwell Chat.Dwell chat, e-mail, and social media.E-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.
In case you are contemplating exchanges which can be designed for cryptocurrency buying and selling due to your buying and selling preferences, try our compilation of the finest crypto sign-up bonuses. The codes from this text might help you get unique rewards price as much as $30,000 to start out your buying and selling journey on a few of the high exchanges within the crypto buying and selling trade.
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