PrimeXBT International Alternate is a number one dealer that provides customers a complete buying and selling platform for investing in crypto and different conventional monetary devices, together with contracts for distinction (CFDs), foreign exchange, indices, and commodities.
One of the best options that make PrimeXBT an appropriate alternate for each skilled and newbie merchants are copy buying and selling, futures and margin buying and selling, and an intuitive cell app that provides options just like these on the desktop model.
With these options, new {and professional} merchants can simply handle their portfolio from a single account and profit from their investments. As well as, customers shouldn’t have to fret concerning the security of their funds, as a result of PrimeXBT is protected to purchase and promote crypto and different belongings in 2025.
That will help you decide if PrimeXBT is an efficient alternate for you, this PrimeXBT evaluation covers what PrimeXBT is, the platform’s charges, supported cryptocurrencies, one of the best options of PrimeXBT, a step-by-step information on the best way to open a buying and selling account, and PrimeXBT alternate options for merchants who wish to discover different choices. Let’s get began!
PrimeXBT Overview: What’s it?
PrimeXBT is a number one cryptocurrency and CFD dealer that provides a buying and selling platform for getting, promoting, and storing cryptocurrencies. PrimeXBT clients even have entry to commerce over 100 well-liked monetary devices, together with crypto futures and CFDs, foreign exchange (FX), indices, and commodities.
The platform affords margin buying and selling with leverage as much as 200x for cryptocurrencies and 1000x for foreign exchange pairs, considerably enhancing income. This makes it engaging to skilled merchants preferring high-risk, high-reward buying and selling and are comfy managing the dangers related to excessive leverage.
Initially constructed for copy buying and selling, PrimeXBT has expanded to incorporate futures and margin buying and selling, but copy buying and selling stays a high characteristic. The PrimeXBT copy buying and selling options combine with Covesting, enabling new and/or much less skilled merchants to duplicate the methods of extra skilled merchants (technique managers) and generate a revenue with out energetic participation.
PrimeXBT additionally affords options like superior charting and excessive leverage, ultimate for informal, swing, and day merchants. These options and buying and selling choices will probably be mentioned in additional element on this PrimeXBT evaluation. For now, the desk beneath gives primary details about PrimeXBT, together with its safety features, buying and selling choices, and supported cryptocurrencies.
AlternatePrimeXBTBased2018HeadquartersSeychellesPhemex Key OptionsCopy buying and selling (Covesting), futures and margin buying and selling, and a cell app.Supported Cryptocurrencies40+KYC NecessitiesNecessarySafety Measures {Hardware} safety modules, multisig chilly pockets storage, SSL encryption, segregated accounts, damaging stability safety, two-factor authentication (2FA), withdrawal tackle whitelist, compensation fund, and superior encryption.Buying and selling ChoicesFutures, margin, copy buying and selling, foreign exchange, CFDs, indices, and commodities.Leverage Buying and sellingSure, as much as 200x for crypto and as much as 1000x for foreign exchange.Spot Buying and sellingNoAutomated Bot Buying and sellingNoEarn MerchandiseRefer a good friend, take part in buying and selling contests, and promotions (together with new person sign-up, commerce and earn, and so forth.)Phemex Charges (Futures)0.01% for makers and 0.045% for takers.Minimal DepositCrypto: $1
Fiat currencies: $10
Cost Strategies (Deposit and Withdrawal)Credit score/debit card, crypto, and third-party fee suppliers.Buyer HelpElectronic mail and Reside ChatObtainable within the USNo
Whereas PrimeXBT affords over 5 asset lessons for buying and selling and greater than 100 monetary devices, it nonetheless lacks some options that may make it a poor match for particular merchants. As an example, the platform affords a restricted choice of cryptocurrency belongings and doesn’t assist spot or crypto bot buying and selling.
Spot buying and selling, a easy technique for getting and promoting belongings, is broadly used on exchanges. Actually, it’s the greatest place for newbie merchants to begin, as it’s simpler to navigate. This permits them to familiarize themselves with the buying and selling setting earlier than transitioning to crypto futures buying and selling.
In the meantime, automated bot buying and selling has been gaining momentum within the cryptocurrency buying and selling trade. The adoption of this technique has been on the rise, and a few merchants would like an alternate that provides the choice to set parameters and let the bot execute trades of their absence. This fits merchants centered on futures, foreign exchange, and CFD buying and selling.
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What are the Execs and Cons of PrimeXBT?
The professionals of PrimeXBT are the Covesting (copy buying and selling) characteristic, excessive leverage, a number of asset lessons for buying and selling, promotional affords, aggressive charges, superior buying and selling instruments, and responsive buyer assist.
Covesting (Copy Buying and selling) Module: This characteristic permits customers to comply with and robotically copy the buying and selling methods of top-performing merchants. The objective is to assist rookies and merchants who incessantly lack the time to observe their trades, make a revenue from trades with out prior buying and selling information, and even when they’re absent.
Covesting’s utility token, COV, is built-in into its copy buying and selling module. Staking the COV token affords a number of advantages for merchants. As an example, it allows merchants to spice up income, safe payment reductions, and enhance revenue shares inside the Covesting ecosystem.
Excessive Leverage Choices: PrimeXBT affords leverage of as much as 200x for cryptocurrencies and as much as 1000x for foreign exchange, permitting merchants to amplify their positions and doubtlessly enhance their income. It’s price noting that whereas leverage can amplify beneficial properties, it additionally carries threat, so leverage buying and selling is greatest fitted to skilled merchants in search of high-reward alternatives.Sturdy Safety Options: PrimeXBT makes use of robust safety measures resembling chilly storage for digital belongings, two-factor authentication, withdrawal tackle whitelisting, and encrypted knowledge transmission to guard customers’ knowledge and belongings. Whereas PrimeXBT will not be regulated by main monetary authorities, which is a priority, it’s a member of the Monetary Fee, offering a level of assurance by means of its €20,000 compensation fund. Promotional Provides: The platform recurrently runs buying and selling contests, giveaways, and promotional campaigns that enable customers to earn bonuses, rewards, and even money prizes. In addition they supply new customers welcome bonuses price as much as $500 for finishing easy duties, like funding their accounts.
These incentives assist PrimeXBT clients develop their portfolios with added rewards. Promotional duties on PrimeXBT are often time-bound, however there may be at all times one thing to do and earn rewards from. To earn these rewards, go to the Promotions web page on the PrimeXBT official web site to view accessible duties and their corresponding rewards.
Aggressive Charges: PrimeXBT expenses low buying and selling charges, particularly for cryptocurrency buying and selling, making it a really perfect selection for high-volume merchants, frequent merchants, and day merchants. Charges for crypto futures buying and selling on PrimeXBT International Alternate are as little as 0.01% for makers and 0.045% for taker orders. Superior Buying and selling Instruments: The buying and selling platform integrates with TradingView, offering entry to superior charting instruments, technical indicators, real-time market knowledge, buying and selling alerts, and account administration instruments. Merchants can analyze worth traits, take a look at methods, and handle threat with precision and accuracy. Whether or not you might be scalping, swing buying and selling, or constructing a long-term plan, PrimeXBT affords the instruments wanted for skilled buying and selling. Responsive Buyer Help: The PrimeXBT buyer assist group, accessible 24/7, typically gives immediate and useful responses. From our PrimeXBT evaluation, we discovered that buyer assist is responsive, whether or not it’s a technical difficulty, an account query, or help with navigating the platform. Assistance is available by means of dwell chat, e-mail, and complete instructional sources, together with buying and selling tutorials and articles.A number of Asset Lessons for Buying and selling: PrimeXBT not solely affords crypto buying and selling but additionally helps a variety of monetary devices, together with cryptocurrencies, foreign exchange, indices such because the S&P 500 and FTSE 100, and commodities like gold, silver, and oil. This permits merchants to execute numerous buying and selling methods and capitalize on market alternatives throughout numerous sectors, all from a single platform.
The cons of PrimeXBT are unregulated alternate, restricted crypto choices, no staking apart from COV, no spot market, bot buying and selling, and withdrawal delays.
Unregulated Alternate: PrimeXBT holds a Monetary Sector Conduct Authority (FSCA) license in South Africa, amongst different jurisdictions. Nonetheless, it operates with out oversight from main monetary regulators. The shortage of regulation means there’s restricted recourse within the occasion of disputes, and it could not meet the compliance requirements required by some institutional or skilled traders. Restricted Crypto Choices: The platform helps over 40 crypto belongings, together with main cryptocurrencies resembling Bitcoin and Ethereum. Nonetheless, the general choice is proscribed in comparison with different exchanges that assist as much as 500 cash. For that reason, it might not be an appropriate choice for merchants in search of to entry a broad vary of altcoins or put money into newer, rising cryptocurrency initiatives. No Staking Aside from COV: PrimeXBT doesn’t assist staking for well-liked cryptocurrencies resembling ETH or ADA. The one accessible staking characteristic is tied to Covesting’s native token, COV, which limits passive earnings alternatives for customers seeking to earn rewards from holding different digital belongings. No Spot Market: PrimeXBT focuses solely on futures and margin buying and selling. It doesn’t supply spot buying and selling, which can deter customers preferring to purchase and maintain precise belongings with out leverage. This additionally means no direct crypto-to-crypto or fiat-to-crypto purchases, not like on different exchanges resembling Crypto.com, Binance, and Bybit. No Bot Buying and selling: PrimeXBT doesn’t assist built-in or third-party buying and selling bots, which limits automation choices for customers. Some merchants rely closely on crypto bots, that are instruments that assist them execute trades robotically. If you happen to desire to make use of algorithmic methods, auto-rebalancing, and different bot execution methods, you will discover the platform restrictive. Withdrawal Delays: Some customers have reported experiencing occasional delays in withdrawal processing, notably throughout excessive community congestion or elevated platform exercise. Whereas this concern is combined, it’s one thing to think about for merchants who require fast entry to their funds.
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What International locations and Areas are Obtainable for PrimeXBT Customers?
The international locations and areas accessible to PrimeXBT customers embody South Africa, Switzerland, India, Brazil, Mexico, Argentina, Vietnam, Thailand, Turkey, the United Arab Emirates (UAE), and greater than 140 different international locations.
Nonetheless, PrimeXBT will not be accessible in sure restricted jurisdictions, together with america, Canada, Japan, and some different international locations with stringent regulatory necessities. Customers in these areas can’t create accounts or entry the platform options resulting from compliance limitations.
Is PrimeXBT Obtainable within the USA?
No, PrimeXBT will not be accessible within the USA. The dealer doesn’t supply its services to merchants in america resulting from regulatory points. If you happen to’re in search of a superb different to PrimeXBT that gives related companies, resembling copy buying and selling, leverage buying and selling, and multi-asset markets together with crypto, foreign exchange, commodities, and indices, and is accessible to US merchants, think about eToro.
eToro is a well known platform for social buying and selling and replica buying and selling. It allows customers to duplicate the portfolios of high merchants, providing a easy and beginner-friendly expertise. In contrast to PrimeXBT, eToro is a regulated platform and affords actual shares, ETFs, crypto, foreign exchange, and commodities.
What are the PrimeXBT Charges?
The PrimeXBT charges are buying and selling charges, deposit charges, and withdrawal charges. Beneath is a breakdown of PrimeXBT charges and its withdrawal limits.
PrimeXBT Buying and selling Charges
PrimeXBT buying and selling charges are crypto futures charges, foreign exchange and CFD charges, copy buying and selling charges, and funding charges.
Crypto Futures Charges: Transaction charges for all merchants on the Phemex futures market are 0.01% for market makers. For takers, the charges are divided into three tiers, relying in your 30-day buying and selling quantity. Customers with lower than $5,000,000 month-to-month quantity pay 0.045%, these whose month-to-month quantity is above $5,000,000 pay 0.035%, and eventually, merchants with greater than $20,000,000 in month-to-month buying and selling quantity pay 0.02%. Foreign exchange and CFD Charges: For foreign exchange and CFD pairs, PrimeXBT expenses a 0.0% flat price per commerce with spreads as little as 0.1 pips. The alternate additionally expenses a payment for in a single day trades. In a single day financing prices range by forex pair and place (lengthy or quick). Beneath is a breakdown of how a lot foreign exchange and CFD merchants ought to anticipate to pay in in a single day charges.
Copy Buying and selling Charges: PrimeXBT’s copy buying and selling charges contain a profit-sharing mannequin slightly than conventional fee charges. For revenue distribution,Technique Supervisor (Dealer Being Copied): Receives 20% of income generated by followers.Platform: Takes 20% of income.Copy Dealer (Follower): Retains 60–75% of income from every copied commerce.
Charges are deducted from income solely when trades are profitable. Moreover, there aren’t any further transaction prices; solely the usual PrimeXBT charges (e.g., futures, spreads, in a single day financing) apply to positions opened by means of copy buying and selling.
Funding Charges: PrimeXBT expenses funding charges each 8 hours for open positions, various by asset. These charges will not be mounted and range based mostly on the cryptocurrency and market circumstances; subsequently, you have to to log in to view the precise funding price for the contract you want to commerce. That mentioned, right here is an summary of the funding price it is best to anticipate to pay for various belongings.
PrimeXBT Deposit Charges
PrimeXBT deposit payment is free. The platform affords free deposits for cryptocurrencies and financial institution playing cards. Nonetheless, utilizing third-party fee suppliers like Excellent Cash to purchase crypto or different belongings incurs a minimal payment of 1.99% (imposed by the fee supplier, not PrimeXBT). The minimal deposit is roughly $1, topic to updates; verify their official web site for present necessities.
PrimeXBT Withdrawal Charges
PrimeXBT withdrawal charges are free for inner withdrawals. Nonetheless, merchants withdrawing to an exterior pockets should pay a hard and fast payment for every cryptocurrency withdrawal to cowl the transaction prices of the blockchain community. These charges, set by blockchain networks, will not be decided by PrimeXBT.
The particular payment quantity is dependent upon the cryptocurrency you want to withdraw and might range resulting from community congestion and transaction quantity on the time of your withdrawal request. For fiat forex withdrawals processed by means of third-party platforms, a payment will probably be incurred, beginning at $5 for withdrawals of $10,000 or extra. This payment can be depending on the third-party platform.
What’s the Withdrawal Limits on PrimeXBT?
The withdrawal restrict on PrimeXBT is $20,000 or equal in different currencies. Every account on PrimeXBT has a typical 24-hour withdrawal restrict. Nonetheless, in the event you want to enhance your restrict above $20,000, you should full the KYC verification course of.
What Cryptocurrencies are Supported on PrimeXBT?
PrimeXBT helps over 40 crypto belongings, together with main cash resembling BTC, Ethereum, and SOL, in addition to stablecoins like Tether (USDT) and USDC, and memecoins like DOGE and SHIB. Along with cryptocurrencies, PrimeXBT allows customers to commerce numerous asset lessons, together with foreign exchange, commodities, and indices.
What are the Finest Options on PrimeXBT?
One of the best options on PrimeXBT are copy buying and selling (Covesting), PrimeXBT Futures & Margin Buying and selling, and the PrimeXBT Cellular App.
PrimeXBT Copy Buying and selling (Covesting)
The PrimeXBT Copy Buying and selling (Covesting) is a copy-trading module of the PrimeXBT buying and selling platform that permits rookies or less-experienced merchants to duplicate the buying and selling methods of main merchants with out superior buying and selling abilities or actively managing their very own positions.
By way of the Covesting software program, PrimeXBT makes the buying and selling methods of skilled merchants public in a performance-based leaderboard. Followers can consider and select which merchants to repeat based mostly on a variety of metrics, together with return on funding (ROI), whole revenue, threat rating, variety of followers, and different related components.
For followers, Covesting simplifies the buying and selling course of. When you subscribe to a technique, your funds are robotically aligned with the actions of the technique supervisor, who’s the dealer being copied. In the event that they make a revenue, additionally, you will make a proportional revenue, minus a buying and selling efficiency payment shared between the profitable dealer and PrimeXBT.
One benefit of the PrimeXBT copy buying and selling characteristic is that followers have account administration instruments at their disposal to manage their stage of market publicity by selecting how a lot capital they wish to allocate to a specific technique. In contrast to some locked-in funding merchandise, followers may also exit the technique at any time.
Covesting helps buying and selling throughout a variety of markets, together with cryptocurrencies, foreign exchange, commodities, and inventory indices, permitting you to diversify your funding portfolio.
Moreover, Covesting launched a token-based system by means of the COV utility token, which unlocks a number of advantages for customers, together with diminished transaction charges and elevated revenue shares. With this, customers holding COV tokens can improve their buying and selling expertise, earn passive earnings by staking COV, and doubtlessly enhance profitability.
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PrimeXBT Futures & Margin Buying and selling
PrimeXBT helps margin and futures buying and selling on over 100 belongings, together with cryptocurrencies, foreign exchange pairs, indices, and commodities. PrimeXBT platform affords leverage as much as 200x on choose pairs by way of cross-margin and remoted margin accounts. This implies merchants can management bigger positions and doubtlessly enhance their revenue utilizing a comparatively small deposit.
Nonetheless, the utmost leverage varies throughout belongings. As an example, Bitcoin (BTC) and Ethereum (ETH) assist as much as 200x, whereas XRP is capped at 175x, BNB at 75x, and belongings like LTC, MATIC, and ATOM at 50x. Merchants can verify accessible leverage for every buying and selling pair on the platform earlier than opening a place.
As mentioned earlier, the PrimeXBT platform helps cross-margin accounts, which use your total account stability as collateral. This may scale back the prospect of instant liquidation, particularly throughout market swings; nonetheless, it additionally will increase the chance of dropping cash quickly if trades go sideways.
Alternatively, remoted margin buying and selling limits your threat to the particular place you’re buying and selling. Leverage right here is capped at 100x, providing extra management and safety towards broader account loss. That is ultimate for merchants who wish to handle their publicity higher.
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PrimeXBT Cellular App
The PrimeXBT cell app is designed to reflect the total performance of the desktop buying and selling platform, offering customers with seamless entry to numerous buying and selling devices from their smartphones or tablets. The app is accessible on each Android and iOS and delivers a complete buying and selling expertise for customers whereas they’re on the go.
With assist for over 100 monetary markets, the app allows customers to commerce a variety of belongings, together with greater than 40 cryptocurrencies, foreign exchange pairs, indices, and commodities resembling gold and crude oil, all of which might be managed from a single person pleasant interface.
The cell app additionally affords high-leverage choices of as much as 200x for crypto futures and margin buying and selling, and as much as 1000x for foreign exchange. To assist in-depth market evaluation, the PrimeXBT app includes a suite of superior instruments, together with real-time market knowledge, customizable charts, and technical indicators.
Moreover, account safety is a high precedence on the PrimeXBT cell platform. The app helps two-factor authentication (2FA), withdrawal tackle whitelisting, and robust knowledge encryption to safeguard person data and belongings. The corporate additionally affords biometric login choices, like fingerprint or facial recognition, including one other layer of safety and comfort for cell customers.
The best way to Open a New PrimeXBT Buying and selling Account?
To open a brand new PrimeXBT buying and selling account, you have to to go to the platform’s official web site and supply the required data. Here’s a step-by-step information to opening an account.
Step 1: Register
Go to the official PrimeXBT web site and click on “Register” within the higher proper nook or choose “Enroll”. On the web page that opens, you may select to enter your e-mail and a powerful password manually, or you may enroll utilizing your Apple ID or Google account.
Subsequent, confirm your e-mail by coming into the 4-digit PIN that was despatched to the e-mail tackle you used. Choose your nation and click on “Proceed.” You now have a crypto buying and selling account with PrimeXBT.
Step 2: Identification Verification (KYC)
Click on in your account icon, choose “Confirm account,” and verify the field to substantiate that you’ve given PrimeXBT permission to course of your private data, then click on “Proceed.” Subsequent, present the required private particulars and make sure that you’re not a U.S. citizen or resident. Then, click on “Proceed.”
For identification doc verification, you may add a photograph already saved in your pc or swap to utilizing your telephone to take a dwell picture of your government-issued identification doc. Choose “Proceed,” confirm that the data you have got offered is appropriate, and click on “Subsequent”. Look forward to the alternate to confirm the paperwork.
Step 3: Depositing Funds
As soon as your account is verified, you may deposit funds to begin buying and selling on PrimeXBT. To do that, click on “Deposit” and select whether or not you wish to deposit crypto or fiat. To switch crypto from one other pockets to your PrimeXBT account, click on “Deposit Crypto.
Subsequent, choose the cryptocurrency you wish to deposit and the community. Copy the generated pockets tackle and paste it into the pockets you might be transferring crypto from to finish your commerce.
Claiming the Deposit Bonus on PrimeXBT
The PrimeXBT buying and selling platform welcomes new merchants with a bonus of as much as $500 upon completion of their first deposit. This bonus is just accessible in the event you signed up utilizing a PrimeXBT referral code or hyperlink. You should use our referral hyperlink to enroll and turn out to be eligible for rewards.
To say the $500 bonuses, navigate to the primary menu after “PrimeXBT” on the higher left nook of the house web page and choose “Rewards” or go to the “Promotions” web page and declare in the event you’ve met all the standards.
Step 4: Begin Buying and selling (Crypto Futures)
Merchants should switch funds from their principal pockets to a margin buying and selling account to start buying and selling. Out of your PrimeXBT dashboard, click on on “Commerce.” It will result in the futures buying and selling interface, the place you may view charts, order books, buying and selling pairs, and positions.
Select a crypto futures pair you want to commerce from the left-hand aspect (e.g., BTC/USD, ETH/USD). You can too seek for it within the top-left search bar and select your order kind (market or restrict order).
Subsequent, fill within the different particulars, resembling the quantity of the bottom forex you wish to purchase or promote, the leverage, and set the take-profit/stop-loss (elective however advisable). As soon as you might be happy along with your parameters, click on “Purchase/Lengthy” if you’re betting on the worth to rise or click on “Promote/Quick” in the event you imagine the price of the cryptocurrency will fall.
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Does PrimeXBT Require KYC?
Sure, PrimeXBT requires KYC earlier than you may deposit and commerce. Merchants can open accounts with out KYC, however can’t deposit crypto or use PrimeXBT buying and selling companies with out identification verification. PrimeXBT platform additionally requires KYC in the event you want to use fiat companies, resembling depositing fiat currencies or shopping for crypto with fiat. The elective KYC for registration makes it one among our high selections for the greatest no KYC crypto exchanges.
Is PrimeXBT Secure and Legit to Use?
Sure, PrimeXBT is protected and legit to make use of for crypto and commodity buying and selling. The alternate employs sturdy safety measures to safeguard person belongings and has not skilled any vital safety breaches since its launch in 2018. Nonetheless, merchants ought to observe PrimeXBT’s restricted regulation, which can concern these prioritizing oversight.
A few of the safety features that the PrimeXBT platform makes use of to safeguard merchants embody {hardware} safety modules, segregated accounts, damaging stability safety, a compensation fund, and superior encryption. As well as, they use two issue authentication, withdrawal tackle whitelisting, and cryptographically hashed passwords to guard customers’ accounts.
{Hardware} Safety Modules (HSMs) Rated FIPS PUB 140-2 Degree 3 or Greater
{Hardware} Safety Modules (HSMs) are devoted gadgets designed to securely generate, retailer, and handle cryptographic keys. FIPS PUB 140-2 is a US authorities normal (Federal Data Processing Commonplace Publication 140-2) used to validate the power and effectiveness of cryptographic modules. HMS has 4 ranges, with Degree 3 providing excessive safety.
PrimeXBT makes use of HSMs rated FIPS PUB 140-2 Degree 3 or increased to safeguard customers’ funds and delicate operations. These {hardware} gadgets are constructed to guard towards bodily tampering, unauthorized entry, and knowledge leakage. With this, PrimeXBT ensures that even when a server is compromised, important knowledge units, resembling non-public keys, will stay inaccessible.
Chilly Storage With Multisignature Expertise
PrimeXBT retains a good portion of customers’ funds in chilly wallets, that are offline storage programs that aren’t weak to hacking since they don’t seem to be linked to the web. Along with chilly pockets storage, PrimeXBT platform makes use of a system that requires a number of registered signatures to course of transactions.
Segregated Accounts
PrimeXBT retains consumer funds in segregated accounts, which means they’re saved separate from the corporate’s operational funds. This ensures that your capital is protected and by no means used for enterprise bills, providing you with peace of thoughts that your belongings are below your management and accessible always.
Unfavourable Steadiness Safety
Crypto and foreign currency trading are dangerous, particularly with the excessive leverage that the buying and selling platform affords. PrimeXBT’s Unfavourable Steadiness Safety ensures that your account stability by no means falls beneath zero. Within the occasion of maximum market motion, this characteristic robotically closes your positions to stop debt, saving you from owing greater than your preliminary funding.
Compensation Fund
PrimeXBT is a member of The Monetary Fee, an unbiased exterior dispute decision physique. This membership provides PrimeXBT platform customers entry to a Compensation Fund of as much as €20,000 per declare if the buying and selling platform fails to satisfy its obligations and the Monetary Fee guidelines in your favour.
Superior Encryption
PrimeXBT makes use of superior encryption protocols, together with full SSL encryption for all private data and cryptographically hashed passwords, to guard customers additional. Each login, withdrawal, and motion is encrypted, making certain that your buying and selling account stays protected from malicious entry and cyber threats.
As mentioned earlier, PrimeXBT additionally encourages customers to activate these options so as to add safety to their accounts.
Two-Issue Authentication (2FA)
2FA provides a second layer of safety by requiring an extra verification, resembling an authenticator app code, along with your password. This provides a layer of safety to your account that forestalls unauthorized customers from accessing your account even when they’ve your password.
Withdrawal Handle Whitelisting
PrimeXBT affords its clients the choice to whitelist withdrawal addresses they belief or incessantly use for asset transfers. As soon as this safety characteristic is activated, nobody can transfer your belongings to any unlisted pockets. Any try to proceed with that switch will probably be blocked till you replace the withdrawal listing.
PrimeXBT Regulation and Licensing
PrimeXBT is licensed by numerous entities throughout a number of jurisdictions, making certain compliance with worldwide monetary requirements and offering a safe buying and selling setting for its customers. Though we don’t think about PrimeXBT a regulated alternate as a result of it lacks regulation from main our bodies, the buying and selling platform is licensed below the next authorities.
Monetary Companies Authority (FSA), Seychelles: PrimeXBT Buying and selling Companies LTD is a licensed Securities Vendor below License No. SD162, licensed by the Seychelles Monetary Companies Authority. This license allows the corporate to offer a variety of buying and selling companies, together with cryptocurrency futures and Contracts for Distinction (CFDs). Monetary Sector Conduct Authority (FSCA), South Africa: Stack Advisory (PTY) LTD, the entity behind PrimeXBT in South Africa, is a certified monetary companies supplier.Comisión Nacional de Activos Digitales (CNAD) & Banco Central de Reserva (BCR), El Salvador: PrimeXBT Buying and selling Companies, S.A. de C.V. holds a Digital Asset Companies Supplier (DASP) license from the CNAD and a Bitcoin Companies Supplier (BSP) license from the BCR. These licenses authorize the corporate to function inside El Salvador’s digital asset framework. Monetary Companies Fee (FSC), Mauritius: PXBT Capital Ltd is included in Mauritius and holds an Funding Vendor license from the FSC. This license allows the corporate to supply funding companies, thereby additional increasing PrimeXBT’s regulated operations.
What are the PrimeXBT Alternate options?
One of the best alternate options to PrimeXBT are eToro, Bybit, and FXopen. These exchanges share similarities with PrimeXBT platform when it comes to tradeable belongings, KYC necessities, and different options. As an example, Bybit affords an in depth copy buying and selling device for crypto, FX, and gold copy buying and selling, inserting it on our rating of the greatest crypto copy buying and selling platforms, identical to PrimeXBT.
Apart from copy buying and selling, these different exchanges supply related merchandise and buying and selling choices, like a mixture of conventional buying and selling devices and cryptocurrencies, sturdy safety features, and margin buying and selling.
Regardless of similarities, every different affords distinctive options, resembling eToro’s regulation or Bybit’s broader crypto choice. For extra particulars on their similarities and variations, the highest PrimeXBT alternate options are summarized within the comparability desk beneath.
ExchangePrimeXBTeToroBybitFXopenFounded2018200720182005 (formally as a dealer)HeadquartersSeychellesIsrealUnited Arab EmiratesCyprusKey OptionsCopy buying and selling (Covesting), futures and margin buying and selling, and a cell app.Sensible portfolio, social buying and selling, CopyTrader, and demo account.Automated buying and selling bots, Launchpad, copy buying and selling, and Bybit Web3.Foreign exchange demo account, PAMM accounts, and a number of buying and selling platforms (MT4, MT5, TradingView, and TickTrader)Supported Cryptocurrencies40+85+500+40+KYC NecessitiesNecessaryNecessaryNecessaryNecessarySafety Measures Multisig chilly pockets storage, segregated accounts, damaging stability safety, and compensation fund.Segregated accounts, damaging stability safety, 2FA, and biometric login.Withdrawal affirmation, 2FA, chilly storage, and IP whitelisting.Multi-factor authentication and encryption for knowledge transmission.Buying and selling ChoicesFutures, margin, copy buying and selling, foreign exchange, CFDs, indices, and commodities.Shares, crypto, commodities, indices, and ETFs.Spot, futures, choices, foreign exchange, CFDs, and replica buying and selling.FX, Commodities, Indices, Cryptocurrencies, ETFs, and Shares.Leverage Buying and selling Sure (as much as 200x for crypto and as much as 1000x for foreign exchange).Sure (as much as 10x)Sure (as much as 200x) Sure (as much as 500x)Spot MarketNoSureSureNoAutomated Buying and selling BotsNoSureSureSureEarn MerchandiseRefer a good friend, buying and selling contests, promotions (new person sign-up, commerce and earn, and so forth.)Study and earn, crypto stacking, inventory lending, and extra.Financial savings, referral program, liquidity mining, and extra.Foreign exchange contestsBuying and selling Charges (Futures)Maker: 0.01%
Taker: 0.045%.
Fee charges
Index futures: $3
Commodity futures: $5
Maker: 0.0200%
Taker: 0.0550%
Fee charges
Beginning at $3.50
Minimal DepositCrypto: $1
Fiat currencies: $10
$10 (relying in your location).$2 (relying on the cryptocurrency).1 USDCost Strategies (Deposit and Withdrawal)Credit score/debit card, crypto, and third-party fee processors.eToro Cash, credit score/debit playing cards, and third-party fee processors.Card, crypto, third-party firms, and P2P.On-line financial institution switch, credit score/debit card, and wire switch.Buyer HelpElectronic mail and Reside ChatChatbot and Reside Chat.Reside chat, e-mail, and social media.Electronic mail, telephone, and on-line chat.Obtainable within the USNoSureNoNo
Professional Tip: Apart from the aforementioned PrimeXBT alternate options, different exchanges supply complete crypto buying and selling instruments and sign-up bonuses, making them appropriate for rookies and seasoned merchants.
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