PrimeXBT is an online Bitcoin exchange that offers cryptocurrencies and CFDs for trading on its platform. This company was incorporated in 2018 in the Seychelles. PrimeXBT has experienced exponential growth in a short span of time, and now has customers from 150 different countries.
100% anonymous, no KYC verification required, and no personal information required.
Competitive service fees
Fast transactions thanks to superior technology and top liquidity sources.
Leverage up to 1: 100 on crypto assets. This is very competitive.
State-of-the-art security and professional trading platform suitable for both professional traders as well as novice traders.
No demo accounts provided. This is not perfect for practice, testing the strategy and getting used to the platform in a trading environment.
Failure to provide service to customers from the US, Canada, and other regions where local law would interfere with PrimeXBT services.
PrimeXBT provides web and mobile application platform, supporting both iOS and Android operating systems. The web platform is chosen by the majority of traders because chart analysis features are optimized for the best.
At the time of our review, the exchange experts are updating the Order Book feature on the platform, which is evidenced when the cryptocurrency trading platform does not have an Order Book, we have Contact the floor's support team and get a very quick and enthusiastic response, which is also a huge plus for the floor.
However, all transactions are still done normally, for the cryptocurrency market, investors can still trade with the order types offered on the exchange without the Order Book.
Web platform's interface is very easy to use, you can add or remove Widgets as you like. The web platform at PrimeXBT provides both trading execution functions, account management, security settings, and deposit / withdrawal execution.
Some features on chart
10 timeframes, 3 chart types
90 technical indicators and 13 drawing tools to aid in chart analysis
Function to set the interface, color for the chart
One downside is that there is no full screen chart view function
PrimeXBT also supports some transaction services such as
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 PrimeXBT 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, pairs The rest have spreads from 0.2 pips to 0.7 pips
The order processing time at the floor is very fast, the platform works very smoothly, it is easy to switch from one tab to the other without stalling or delay (depends of course on your internet connection), but Under normal conditions, the processing speed on this web platform is quite good.
PrimeXBT only allows depositing of BTC into the wallet and the exchange will automatically convert to other currencies or fiat when trading. When withdrawing money, BTC can only be withdrawn to the investor's wallet.
PrimeXBT 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.
Note: BTC withdrawals made before 12:00 UTC will be processed on the same day, after 12:00 UTC will move to the next working day. BTC withdrawal fee is 0.0005 BTC / 1 withdrawal.
In general, the trading conditions at PrimeXBT are quite good, offering a variety of trading products, especially being able to invest in BTC with high leverage, which is a point attracting a large number of investors to the exchange. . Moreover, PrimeXBT also has attractive commission affiliate programs, this will be a strategy to help this floor more and more investors participating in opening accounts and trading at the exchange. Although there is nothing legal about the safety of investors in the future, but in a risky field like the cryptocurrency market, look for a truly reputable and secure exchange. Absolute safety for customers is a very difficult job but it is important that when risks happen, how PrimeXBT does compensate customers, this issue has not been verified at PrimeXBT, but with Security and safety measures for the account that the exchange applied and in the past have never been hacked, investors can still feel some peace of mind when deciding to trade at the exchange.
https://primexbt-reviews.webflow.io/post/primexbt-a-must-have-solution-for-professional-traders