5441
PRIMEXBT
A+  RATED
Featured Exchange

Summary

OVERALL SCORE90/100
TRADING
FEATURES
SECURITY
TEAM
COMMUNITY

Conclusion

PrimeXBT scores an impressive 90/100 on our review matrix, meaning we award the exchange an A+ rating.

There are several areas that can be improved to give the exchange a higher score including improving the information provided around the team and company behind the platform.

However, aside from this, the platform provides an excellent trading experience for users, with traders able to choose from a wide range of trading pairs, alongside innovative trading instruments.

Traders are able to utilise the advanced trading features including the single or double click trading execution, allowing traders to save valuable seconds when entering or exiting positions.

The Covesting module takes user experience on the platform to another level by allowing traders to set up trading management funds or access existing management funds. It must be noted that the Covesting module is still in Beta, but we will be watching keenly to see how this develops and how this helps PrimeXBT grow as a platform.

SWOT Analysis

Strengths

  • Range of trading pairs and instruments
  • Instant registration and no KYC requirements
  • Advanced trading features and options
  • Covesting module allows copy trading
  • Customisable interface
  • Fiat gateway
  • Mobile app
  • Rewarding affiliate programme
  • Strong community

Weaknesses

  • Little information about team or company
  • Add more 2FA options to provide an extra layer of security
  • The trading interface can take time to get used to for novice crypto-traders

Opportunities

  • More transparency around team and company
  • Make 2FA mandatory before allowing trading/deposits/withdrawals

Threats

  • The constant risk of an exchange hack

Disclaimer

The content provided in this review is for educational and informative purposes only. You should not construe any such information on this review as legal, tax, investment, or financial advice.

If you like a review on our site and you sign up via our link, we may receive a small commission at no cost to you. All commission generated is used for the development of the website and project.

Thank you for all your help!

Information

About

Prime XBT is an innovative trading platform launched in 2017 that lets traders take advantage of the ability to trade Bitcoin and other major cryptocurrencies with leverage, whilst also opening up legacy markets including Forex, Indices and Commodities.

They have quickly become one of the major players in the margin-trading industry with the aim of taking on heavyweights such as BitMex and Binance.

The exchange aims to overcome the common problems of other platforms, including unregulated KYC processes and platform downtime.

To describe the features in more detail, please watch the video below

Legal

Features

Trading

Instant Verification
Integrated Wallet
Corporate Accounts
Affiliate Programme
Affiliate Rates 50%
Two Factor Auth
Google Authenticator
Email Authentication
Featured Trading Pairs BTC, Forex
Cold Storage
Mobile Platform
Android
IOS
Demo Platform
Multi-sig Wallet
Volumes Verified
Signup Bonus 35%

Community

Available Languages ๐Ÿ‡ฌ๐Ÿ‡ง ๐Ÿ‡ง๐Ÿ‡ฉ ๐Ÿ‡ฏ๐Ÿ‡ต ๐Ÿ‡ช๐Ÿ‡ธ ๐Ÿ‡จ๐Ÿ‡ณ ๐Ÿ‡น๐Ÿ‡ท ๐Ÿ‡ป๐Ÿ‡ณ ๐Ÿ‡ท๐Ÿ‡บ ๐Ÿ‡ณ๐Ÿ‡ฑ ๐Ÿ‡ซ๐Ÿ‡ท ๐Ÿ‡ฎ๐Ÿ‡น ๐Ÿ‡ฉ๐Ÿ‡ช ๐Ÿ‡ต๐Ÿ‡น ๐Ÿ‡ช๐Ÿ‡ธ ๐Ÿ‡ฎ๐Ÿ‡ณ
Multilingual Support
Support Options Email, Live Chat, Social channels

Socials

Twitter

Financials

Volume (24h)
Volume (7d)
Market Volume
Fiat Currencies
Markets
Quote Dominance
  *All data is taken from CoinPaprika API, you can visit their website here.
Maker fee
0.05%
Taker fee
0.05%
Withdrawal fee
0.0005B
Payment methods
-Bank Transfer
-Crypto Deposit
Credit cards accepted
24H withdrawal