PrimeXBT World Change is a number one dealer that gives 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.
The most effective options that make PrimeXBT an appropriate change for each skilled and newbie merchants are copy buying and selling, futures and margin buying and selling, and an intuitive cellular app that gives options much like these on the desktop model.
With these options, new {and professional} merchants can simply handle their portfolio from a single account and take advantage of their investments. As well as, customers don’t have to fret concerning the security of their funds, as a result of PrimeXBT is secure to purchase and promote crypto and different property in 2025.
That will help you decide if PrimeXBT is an efficient change for you, this PrimeXBT assessment covers what PrimeXBT is, the platform’s charges, supported cryptocurrencies, the very best options of PrimeXBT, a step-by-step information on how you can open a buying and selling account, and PrimeXBT alternate options for merchants who need to discover different choices. Let’s get began!
PrimeXBT Evaluate: What’s it?
PrimeXBT is a number one cryptocurrency and CFD dealer that gives a buying and selling platform for getting, promoting, and storing cryptocurrencies. PrimeXBT clients even have entry to commerce over 100 common monetary devices, together with crypto futures and CFDs, foreign exchange (FX), indices, and commodities.
The platform presents margin buying and selling with leverage as much as 200x for cryptocurrencies and 1000x for foreign exchange pairs, considerably enhancing earnings. This makes it enticing 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 lively participation.
PrimeXBT additionally presents options like superior charting and excessive leverage, ultimate for informal, swing, and day merchants. These options and buying and selling choices can be mentioned in additional element on this PrimeXBT assessment. For now, the desk beneath supplies fundamental details about PrimeXBT, together with its safety features, buying and selling choices, and supported cryptocurrencies.
ChangePrimeXBTBased2018HeadquartersSeychellesPhemex Key OptionsCopy buying and selling (Covesting), futures and margin buying and selling, and a cellular 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 pal, take part in buying and selling contests, and promotions (together with new consumer sign-up, commerce and earn, and many others.)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 HelpE-mail and Reside ChatObtainable within the USNo
Whereas PrimeXBT presents 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 presents a restricted number of cryptocurrency property and doesn’t assist spot or crypto bot buying and selling.
Spot buying and selling, a easy methodology for getting and promoting property, is broadly used on exchanges. In truth, it’s the finest place for newbie merchants to start out, as it’s simpler to navigate. This enables 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 favor an change that gives 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 presents, aggressive charges, superior buying and selling instruments, and responsive buyer assist.
Covesting (Copy Buying and selling) Module: This characteristic permits customers to observe and routinely copy the buying and selling methods of top-performing merchants. The objective is to assist freshmen and merchants who steadily lack the time to observe their trades, make a revenue from trades with out prior buying and selling data, 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 presents a number of advantages for merchants. As an example, it allows merchants to spice up earnings, safe payment reductions, and improve revenue shares throughout the Covesting ecosystem.
Excessive Leverage Choices: PrimeXBT presents leverage of as much as 200x for cryptocurrencies and as much as 1000x for foreign exchange, permitting merchants to amplify their positions and doubtlessly improve their earnings. It’s value noting that whereas leverage can amplify positive aspects, it additionally carries threat, so leverage buying and selling is finest fitted to skilled merchants looking for high-reward alternatives.Sturdy Safety Options: PrimeXBT makes use of sturdy safety measures equivalent to chilly storage for digital property, two-factor authentication, withdrawal tackle whitelisting, and encrypted information transmission to guard customers’ information and property. Whereas PrimeXBT isn’t regulated by main monetary authorities, which is a priority, it’s a member of the Monetary Fee, offering a level of assurance by its €20,000 compensation fund. Promotional Presents: The platform commonly runs buying and selling contests, giveaways, and promotional campaigns that enable customers to earn bonuses, rewards, and even money prizes. In addition they provide new customers welcome bonuses value 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 normally time-bound, however there may be all the time 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 out there duties and their corresponding rewards.
Aggressive Charges: PrimeXBT fees 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 World Change 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 information, buying and selling indicators, and account administration instruments. Merchants can analyze value traits, take a look at methods, and handle threat with precision and accuracy. Whether or not you’re scalping, swing buying and selling, or constructing a long-term plan, PrimeXBT presents the instruments wanted for skilled buying and selling. Responsive Buyer Help: The PrimeXBT buyer assist workforce, out there 24/7, usually supplies immediate and useful responses. From our PrimeXBT assessment, we discovered that buyer assist is responsive, whether or not it’s a technical problem, an account query, or help with navigating the platform. Assistance is available by stay chat, electronic mail, and complete academic sources, together with buying and selling tutorials and articles.A number of Asset Lessons for Buying and selling: PrimeXBT not solely presents crypto buying and selling but additionally helps a variety of economic devices, together with cryptocurrencies, foreign exchange, indices such because the S&P 500 and FTSE 100, and commodities like gold, silver, and oil. This allows 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 change, restricted crypto choices, no staking apart from COV, no spot market, bot buying and selling, and withdrawal delays.
Unregulated Change: PrimeXBT holds a Monetary Sector Conduct Authority (FSCA) license in South Africa, amongst different jurisdictions. Nevertheless, 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 might not meet the compliance requirements required by some institutional or skilled traders. Restricted Crypto Choices: The platform helps over 40 crypto property, together with main cryptocurrencies equivalent to Bitcoin and Ethereum. Nevertheless, the general choice is proscribed in comparison with different exchanges that assist as much as 500 cash. For that reason, it will not be an appropriate possibility for merchants looking for to entry a broad vary of altcoins or put money into newer, rising cryptocurrency tasks. No Staking Aside from COV: PrimeXBT doesn’t assist staking for common cryptocurrencies equivalent to ETH or ADA. The one out there staking characteristic is tied to Covesting’s native token, COV, which limits passive earnings alternatives for customers trying to earn rewards from holding different digital property. No Spot Market: PrimeXBT focuses solely on futures and margin buying and selling. It doesn’t provide spot buying and selling, which can deter customers preferring to purchase and maintain precise property with out leverage. This additionally means no direct crypto-to-crypto or fiat-to-crypto purchases, not like on different exchanges equivalent to 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 routinely. If you happen to choose to make use of algorithmic methods, auto-rebalancing, and different bot execution methods, you’ll 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 contemplate for merchants who require fast entry to their funds.
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What Nations and Areas are Obtainable for PrimeXBT Customers?
The nations and areas out there to PrimeXBT customers embody South Africa, Switzerland, India, Brazil, Mexico, Argentina, Vietnam, Thailand, Turkey, the United Arab Emirates (UAE), and greater than 140 different nations.
Nevertheless, PrimeXBT isn’t out there in sure restricted jurisdictions, together with america, Canada, Japan, and some different nations 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 isn’t out there within the USA. The dealer doesn’t provide its services to merchants in america resulting from regulatory points. If you happen to’re searching for a great various to PrimeXBT that gives related providers, equivalent to copy buying and selling, leverage buying and selling, and multi-asset markets together with crypto, foreign exchange, commodities, and indices, and is obtainable to US merchants, contemplate eToro.
eToro is a widely known platform for social buying and selling and replica buying and selling. It allows customers to duplicate the portfolios of high merchants, providing a clean and beginner-friendly expertise. In contrast to PrimeXBT, eToro is a regulated platform and presents 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 at last, 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 fees a 0.0% flat charge per commerce with spreads as little as 0.1 pips. The change additionally fees a payment for in a single day trades. In a single day financing prices range by foreign money pair and place (lengthy or brief). Beneath is a breakdown of how a lot foreign exchange and CFD merchants ought to count on 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 quite than conventional fee charges. For revenue distribution,Technique Supervisor (Dealer Being Copied): Receives 20% of earnings generated by followers.Platform: Takes 20% of earnings.Copy Dealer (Follower): Retains 60–75% of earnings from every copied commerce.
Charges are deducted from earnings 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 copy buying and selling.
Funding Charges: PrimeXBT fees funding charges each 8 hours for open positions, various by asset. These charges should not mounted and range based mostly on the cryptocurrency and market situations; due to this fact, you will have to log in to view the precise funding charge for the contract you want to commerce. That mentioned, right here is an summary of the funding charge it’s best to count on to pay for various property.
PrimeXBT Deposit Charges
PrimeXBT deposit payment is free. The platform presents free deposits for cryptocurrencies and financial institution playing cards. Nevertheless, utilizing third-party fee suppliers like Good Cash to purchase crypto or different property incurs a minimal payment of 1.99% (imposed by the fee supplier, not PrimeXBT). The minimal deposit is roughly $1, topic to updates; test their official web site for present necessities.
PrimeXBT Withdrawal Charges
PrimeXBT withdrawal charges are free for inside withdrawals. Nevertheless, 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, should not decided by PrimeXBT.
The precise payment quantity relies on 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 foreign money withdrawals processed by third-party platforms, a payment can be incurred, beginning at $5 for withdrawals of $10,000 or extra. This payment can also 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 an ordinary 24-hour withdrawal restrict. Nevertheless, should you want to improve your restrict above $20,000, you have to full the KYC verification course of.
What Cryptocurrencies are Supported on PrimeXBT?
PrimeXBT helps over 40 crypto property, together with main cash equivalent to 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?
The most effective 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 allows freshmen or less-experienced merchants to duplicate the buying and selling methods of main merchants with out superior buying and selling expertise or actively managing their very own positions.
By 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 spread 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 method, your funds are routinely 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 need to allocate to a selected technique. In contrast to some locked-in funding merchandise, followers also can 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 the COV utility token, which unlocks a number of advantages for customers, together with decreased 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 property, together with cryptocurrencies, foreign exchange pairs, indices, and commodities. PrimeXBT platform presents leverage as much as 200x on choose pairs through cross-margin and remoted margin accounts. This implies merchants can management bigger positions and doubtlessly improve their revenue utilizing a comparatively small deposit.
Nevertheless, the utmost leverage varies throughout property. As an example, Bitcoin (BTC) and Ethereum (ETH) assist as much as 200x, whereas XRP is capped at 175x, BNB at 75x, and property like LTC, MATIC, and ATOM at 50x. Merchants can test out there 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 whole account stability as collateral. This could cut back the possibility of speedy liquidation, particularly throughout market swings; nevertheless, 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 need to handle their publicity higher.
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PrimeXBT Cellular App
The PrimeXBT cellular app is designed to reflect the complete 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 obtainable 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 property, together with greater than 40 cryptocurrencies, foreign exchange pairs, indices, and commodities equivalent to gold and crude oil, all of which could be managed from a single consumer pleasant interface.
The cellular app additionally presents 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 contains a suite of superior instruments, together with real-time market information, customizable charts, and technical indicators.
Moreover, account safety is a high precedence on the PrimeXBT cellular platform. The app helps two-factor authentication (2FA), withdrawal tackle whitelisting, and robust information encryption to safeguard consumer data and property. The corporate additionally presents biometric login choices, like fingerprint or facial recognition, including one other layer of safety and comfort for cellular customers.
Learn how to Open a New PrimeXBT Buying and selling Account?
To open a brand new PrimeXBT buying and selling account, you will have 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’ll be able to select to enter your electronic mail and a powerful password manually, or you’ll be able to enroll utilizing your Apple ID or Google account.
Subsequent, confirm your electronic mail by getting 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 test the field to verify that you’ve given PrimeXBT permission to course of your private data, then click on “Proceed.” Subsequent, present the required private particulars and ensure that you’re not a U.S. citizen or resident. Then, click on “Proceed.”
For identification doc verification, you’ll be able to add a photograph already saved in your pc or change to utilizing your cellphone to take a stay picture of your government-issued identification doc. Choose “Proceed,” confirm that the knowledge you will have offered is right, and click on “Subsequent”. Look ahead to the change to confirm the paperwork.
Step 3: Depositing Funds
As soon as your account is verified, you’ll be able to deposit funds to start out buying and selling on PrimeXBT. To do that, click on “Deposit” and select whether or not you need 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 need to deposit and the community. Copy the generated pockets tackle and paste it into the pockets you’re 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 simply out there should you signed up utilizing a PrimeXBT referral code or hyperlink. You should use our referral hyperlink to enroll and develop into eligible for rewards.
To assert 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 should you’ve met all the standards.
Step 4: Begin Buying and selling (Crypto Futures)
Merchants should switch funds from their primary pockets to a margin buying and selling account to start buying and selling. Out of your PrimeXBT dashboard, click on on “Commerce.” This may result in the futures buying and selling interface, the place you’ll be able to 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, equivalent to the quantity of the bottom foreign money you need to purchase or promote, the leverage, and set the take-profit/stop-loss (elective however really helpful). As soon as you’re glad together with your parameters, click on “Purchase/Lengthy” in case you are betting on the value to rise or click on “Promote/Quick” should you consider the price of the cryptocurrency will fall.
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Does PrimeXBT Require KYC?
Sure, PrimeXBT requires KYC earlier than you’ll be able to deposit and commerce. Merchants can open accounts with out KYC, however can’t deposit crypto or use PrimeXBT buying and selling providers with out identification verification. PrimeXBT platform additionally requires KYC should you want to use fiat providers, equivalent to depositing fiat currencies or shopping for crypto with fiat. The elective KYC for registration makes it certainly one of our high selections for the finest no KYC crypto exchanges.
Is PrimeXBT Secure and Legit to Use?
Sure, PrimeXBT is secure and legit to make use of for crypto and commodity buying and selling. The change employs sturdy safety measures to safeguard consumer property and has not skilled any important safety breaches since its launch in 2018. Nevertheless, merchants ought to word 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 Increased
{Hardware} Safety Modules (HSMs) are devoted gadgets designed to securely generate, retailer, and handle cryptographic keys. FIPS PUB 140-2 is a US authorities customary (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 larger to safeguard customers’ funds and delicate operations. These {hardware} gadgets are constructed to guard towards bodily tampering, unauthorized entry, and information leakage. With this, PrimeXBT ensures that even when a server is compromised, important information units, equivalent to non-public keys, will stay inaccessible.
Chilly Storage With Multisignature Know-how
PrimeXBT retains a good portion of customers’ funds in chilly wallets, that are offline storage methods that aren’t susceptible to hacking since they aren’t 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 stored separate from the corporate’s operational funds. This ensures that your capital is protected and by no means used for enterprise bills, supplying you with peace of thoughts that your property are below your management and accessible always.
Unfavorable Steadiness Safety
Crypto and foreign currency trading are dangerous, particularly with the excessive leverage that the buying and selling platform presents. PrimeXBT’s Unfavorable Steadiness Safety ensures that your account stability by no means falls beneath zero. Within the occasion of utmost market motion, this characteristic routinely closes your positions to forestall debt, saving you from owing greater than your preliminary funding.
Compensation Fund
PrimeXBT is a member of The Monetary Fee, an impartial exterior dispute decision physique. This membership offers PrimeXBT platform customers entry to a Compensation Fund of as much as €20,000 per declare if the buying and selling platform fails to fulfill 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 secure 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 a further verification, equivalent to an authenticator app code, along with your password. This provides a layer of safety to your account that stops unauthorized customers from gaining access to your account even when they’ve your password.
Withdrawal Handle Whitelisting
PrimeXBT presents its clients the choice to whitelist withdrawal addresses they belief or steadily use for asset transfers. As soon as this safety characteristic is activated, nobody can transfer your property to any unlisted pockets. Any try to proceed with that switch can 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 contemplate PrimeXBT a regulated change 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 supply a spread of buying and selling providers, 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 providers 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 providers, thereby additional increasing PrimeXBT’s regulated operations.
What are the PrimeXBT Options?
The most effective alternate options to PrimeXBT are eToro, Bybit, and FXopen. These exchanges share similarities with PrimeXBT platform when it comes to tradeable property, KYC necessities, and different options. As an example, Bybit presents an intensive copy buying and selling device for crypto, FX, and gold copy buying and selling, putting it on our rating of the finest crypto copy buying and selling platforms, identical to PrimeXBT.
Moreover copy buying and selling, these various exchanges provide 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 various presents distinctive options, equivalent to 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 cellular 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 information 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 pal, buying and selling contests, promotions (new consumer sign-up, commerce and earn, and many others.)Be taught 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 corporations, and P2P.On-line financial institution switch, credit score/debit card, and wire switch.Buyer HelpE-mail and Reside ChatChatbot and Reside Chat.Reside chat, electronic mail, and social media.E-mail, cellphone, and on-line chat.Obtainable within the USNoSureNoNo
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