As cryptocurrencies gain popularity over the years, so does the demand for good and reputable platforms for crypto trading. The more channels that emerge, the more competition that will grab the user’s attention.
Some platforms enable it to achieve this, while others fail and disappear very quickly. PrimeXBT is a very popular trading platform for Cryptocurrency. Click to open an account on PrimeXBT!
In this article, we will cover all aspects of PrimeXBT exchange, its features, fees, supported currencies, trading, and much more. Now let’s examine PrimeXBT Exchange in detail ..
What is PrimeXBT?
Prime XBT is an online Bitcoin related exchange that allows trading cryptocurrencies and CFDs. This business was established in 2018 in Seychelles. Since Prime XBT has customers from 150 different countries, it has experienced rapid growth in a short time since its launch.
Prime XBT provides a powerful platform full of valuable investor resources that are perfect for both beginners and intermediate traders. The website supports six languages: English, Chinese, Spanish, Korean, Portuguese and Russian.
1) Prime XBT Leverage: Leverage is one of many features advanced traders are looking for, but most platforms offer very limited leverage when it comes to cryptocurrency trading. PrimeXBT stands out by offering a leverage ratio of 1: 100.
2) Asset Coverage: This is definitely one of the most exciting things about the PrimeXBT platform. Using Bitcoin as leverage, users can trade in a wide variety of markets, including Forex (FX), cryptocurrencies, commodities and indices.
3) PrimeXBT commission fees: PrimeXBT offers the most competitive fees. There are only two types of fees and these are the trading fee and the nightly fee. The fees are fixed at 0.05%.
4) Security: Most of the coins stored in PrimeXBT are stored in cold storage. This means they are kept away from internet access and potential hackers’ dangers in a secure offline environment.
5) Customer Support: Perhaps the fastest and most effective way to get customer support is via live chat, accessible directly from the trading platform. It is active and available 24/7. Apart from that, there is also an email support option.
PrimeXBT Commission Fees and Limits
PrimeXBT charges two different types of fees: trading fees and overnight financing. The transaction fee for cryptocurrency assets is 0.05% every time you buy or sell in the market. Overnight financing fee varies for different cryptocurrencies depending on liquidity.
PrimeXBT does not charge a deposit fee. There is a minimum Bitcoin network fee paid when you withdraw Bitcoin from the exchange calculated with the blockchain load. Prime XBT has set this fee to the regular 0.0005 BTC.
PrimeXBT Supported Currencies
The currencies supported by PrimeXBT can be briefly listed as follows:
PrimeXBT does not support fiat deposit and withdrawal currencies. However, you can use fiat / crypto trading pairs for permanent contracts.
How to register with PrimeXBT?
Step 1: Go to the official website and go to the registration page.
Step 2: Enter your e-mail address and choose a strong password.
Step 3: You can optionally enter your phone number and then accept the Terms and Conditions.
Step 4: Now click on “Register”.
Step 5: Confirm your registration by entering the 4-digit PIN code you received via e-mail.
How to recover PrimeXBT password?
In case you forget your password, you can reset your account password using the Password Recovery feature. Enter your email address in the field provided and a link will be sent to the registered email address with instructions on what to do to get your new password.
Covesting enables investors to publicize their results in an open environment and compete with other traders. Every trader can monetize their skills and earn secondary income by collecting performance payments from their followers. The more followers they get, the more cash they generate from successful trading.
Covesting allows users of the application to browse and instantly copy their trading behavior through hundreds of trading strategies offered by other traders. You will get the same returns by Covesting as the leading traders on the platform.
How to deposit money in PrimeXBT?
Step 1: Sign in to your account and then go to the Account Deposit page.
Step 2: Currently, there are two deposit options on PrimeXBT – Direct BTC deposits and Alternative Deposits
Step 3: Copy your personal PrimeXBT wallet address.
Step 4: Paste the coin into the destination field in the wallet service you are sending
Step 5: You can also use the provided QR code to paste the address.
How to withdraw money on PrimeXBT?
Step 1: Sign in to your account and then your account