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.
- 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
- 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
- More transparency around team and company
- Make 2FA mandatory before allowing trading/deposits/withdrawals
- The constant risk of an exchange hack
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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
|Restricted Countries||US 🇨🇳 🇨🇺 🇮🇷 🇸🇾 🇰🇵|
|Legal Name||PrimeXBT Trading Services|
|Country Origin||Saint Vincent and the Grenadines|
|Type of exchange||Fiat, Derivatives, Altcoin|
|Two Factor Auth||
|Featured Trading Pairs||BTC, Forex|
|Available Languages||🇬🇧 🇧🇩 🇯🇵 🇪🇸 🇨🇳 🇹🇷 🇻🇳 🇷🇺 🇳🇱 🇫🇷 🇮🇹 🇩🇪 🇵🇹 🇪🇸 🇮🇳|
|Support Options||Email, Live Chat, Social channels|