Summary
| TRADING |
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| FEATURES |
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| SECURITY |
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| TEAM |
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| COMMUNITY |
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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.
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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
| KYC Mandatory | |
| Restricted Countries | US 🇨🇳 🇨🇺 🇮🇷 🇸🇾 🇰🇵 |
| Legal Name | PrimeXBT Trading Services |
| Year Founded | 2017 |
| CEO/Founder | Unknown |
| Country Origin | Saint Vincent and the Grenadines |
| Registration No. | 222LLC2019 |
| Type of exchange | Fiat, Derivatives, Altcoin |
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 | 🇬🇧 🇧🇩 🇯🇵 🇪🇸 🇨🇳 🇹🇷 🇻🇳 🇷🇺 🇳🇱 🇫🇷 🇮🇹 🇩🇪 🇵🇹 🇪🇸 🇮🇳 |
| Multilingual Support | |
| Support Options | Email, Live Chat, Social channels |
Financials
Volume (24h)
Volume (7d)
Market Volume
Fiat Currencies
Markets
Quote Dominance
0.05%
0.05%
0.0005B
-Crypto Deposit
