Primexbt is a large electronic exchange with a trading base of 80 million dollars. It allows a trader to use margin, trade on Bitcoin and use other currencies up to 100 times.
Primexbt is a cryptocurrency exchange, but Prime XBT also allows investors to trade forex and CFDs of commodities such as metals, energies and even indices. That's why many times we cannot classify this as a forex or a cryptocurrency exchange.
Although it is only a very young exchange established in 2018, it has attracted a lot of investors around the world. Over a year of operation, Prime XBT has served customers in more than 150 countries. Prime XBT reached over $ 300 million in about 24 hours of trading, which is quite an impressive figure.
A special feature that makes this exchange attractive to a lot of investors is that it allows trading with leverage up to 1: 100, a very large percentage in the cryptocurrency market.
Legally, Prime XBT is very focused on the security and safety of users, although it has not been licensed by any reputable regulator. Since its inception, Primexbt has never been hacked or accused of fraud, but not so that users can be subjective, it is necessary to raise safety first.
No demo account. This will be a difficulty for beginners, causing players to learn thoroughly before investing in avoiding unnecessary risks.
Prime XBT provides web and mobile application platform, not only that but also the trading system supports both iOS and Androi operating systems. To promote an optimal one, users often use web platforms to select and analyze charts.
A plus point for the exchange is a fast and enthusiastic support team when trading without order books.
However, Investors can still trade normally without using the order book button but using the available order types.
Web platform's interface is very easy to use, you can add or remove Widgets as you like. The web platform at Prime XBT provides both trading execution functions, account management, security settings, and deposit / withdrawal execution.
10 timeframes, 3 chart types
90 technical indicators and 13 drawing tools to support chart analysis
Function to set the interface, color for the chart
One downside is that there is no function to view full-screen charts
One-click and double-click transactions
Provide 4 order types: Market, Limit, Stop and OCO, in which OCO is a combination of Limit and Stop-Limit orders, when one of the two orders is executed, the other will be canceled.
Spread in forex trading: investors interested in forex trading will have to pay attention to the spreads of forex pairs as this is a second fee that investors will pay. for exchanges (the first is transaction fees). However, there is no need to worry too much as Prime XBT offers forex pairs with very low spreads due to high liquidity on the exchange (12 liquidity providers), EUR / USD with spreads as low as 0.1 pips, The other pair has spreads from 0.2 pips to 0.7 pips
Click on primexbt.com to sign up
Prime XBT only allows depositing of BTC into the wallet and the exchange will automatically convert to other currencies or fiat money when trading. When withdrawing money, BTC can only be withdrawn to the investor's wallet.
Prime XBT allows investors to deposit BTC into the wallet in 2 forms, one is depositing directly from an existing wallet on another platform, the other is buying BTC and paying with Visa / Master cards via Simplex channel.
Deposit directly from wallet on another platform: minimum deposit is 0.001 BTC and there is no deposit fee
Buy BTC from Simplex: the minimum purchase amount for the first purchase converted to USD is 50 $, up to a maximum of 20,000 $ / day. If paying in USD, Simplex will charge 5% (minimum of $ 10), if paying with other coins, an additional 5% conversion fee.
website : primexbt deposit bonus
BTC withdrawals made before 12am UTC will be processed within the day, after 12:00 UTC will move to the next working day. BTC withdrawal fee is 0.0005 BTC / 1 withdrawal.
In general, Primexbt exchange is a relatively good broker that offers a wide variety of trading products. Users can invest in BCT with high leverage and are trusted by many investors. However, one thing to note is that at the Primexbt exchange there is no compensation policy for users at risk. Therefore, investors need to be wise when choosing a reliable trading platform.