Prime XBT Exchange Review: How Good It Is?

The Prime XBT Cryptocurrency Exchange is a trading platform that offers traders margin trading in leading cryptocurrencies and forex pairs, using adjustable leverage from 1:1 to 1:100.

Prime XBT Exchange Review: How Good It Is?

General information

The Prime XBT Cryptocurrency Trading Platform offers traders margin trading in leading cryptocurrencies and forex pairs, using adjustable leverage from 1:1 to 1:100. The platform was launched at the end of 2018, serving clients in more than 150 countries.

Prime XBT is an innovative trading platform that gives traders previously unavailable opportunities on cryptocurrency exchanges and other trading platforms. The platform’s principles are based on clients’ interests and satisfaction of their needs.

Today, we will consider in detail, the advantages of Prime XBT, as well as how to register on the platform, deposit and withdraw funds, what are the fees on trading, get into affiliate program and high security level service provides.

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Advantages of Prime XBT 

  1. Registration and opening an account on Prime XBT – free of charge. The minimum deposit is 0.001 BTC.
  2. Adjustable leverage from 1:1 to 1:100 allows you to operate with volumes much larger than the original deposit.
  3. There is no identity verification procedure (KYC). It is possible to trade and earn anonymously.
  4. The trading terminal Prime XBT is adjusted to the needs of any trader, experienced or beginner, supports multiple monitors and has many convenient widgets for monitoring and tracking operations.
  5. Ability to place orders for sale using leverage. There is no such possibility at cryptocurrency exchanges. On Prime XBT, a trader can make money on both a falling and a growing market.
  6. The possibility to open the opposite order using leverage. In this way, a trader can hedge risks. This function is not available on cryptocurrency exchanges.
  7. Aggregated liquidity from 12 suppliers, thanks to which the trader always gets the best price in the market, without slippage and regardless of the transaction volume.
  8. Multi-level referral system Prime XBT allows you to earn much more than other cryptocurrency exchanges and other trading platforms.
  9. The round-the-clock support service, which operates without breaks and weekends, answers all requests as quickly as possible and solves problems.
  10. Mobile applications for iOS and Android operating systems allow traders to follow the market situation anywhere and anytime.
  11. The security system Prime XBT is one of the most modern and reliable on the market. Client funds are stored on “cold” wallets, two-factor authentication and cryptographic password hashing are used.

List of available trading pairs and leverage

Currently, Prime XBT offers leveraged trading with:

  • Cryptocurrencies (up to x100 leverage) – BTC/USD, ETH/USD, ETH/BTC, LTC/USD, LTC/BTC, XRP/USD, XRP/BTC, EOS/USD, EOS/BTC
  • Indices and commodities (up to x100 leverage) – BRENT, CRUDE, DOWJ, EUR50, FRANCE, NAT.GAS, GER30, SP500, SPAIN, NASDAQ, HK-HSI, AUS200, JAPAN, UK100
  • Forex (up to x1000 leverage) – AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, CAD/CHF, CAD/JPY, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/NZD, EUR/SGD, EUR/USD, GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/NZD, GBP/SGD, GBP/USD, NZD/CAD, NZD/CHF, NZD/JPY, NZD/SGD, NZD/USD, USD/CAD, USD/CHF, USD/JPY, USD/RUB, USD/SGD, USD/TRY
  • Spot Gold and Spot Silver (up to x500 leverage) – XAU/USD, XAG/USD

Covesting on Prime XBT

Prime XBT offers and unique Covesting module. This is a new feature presented only on the Prime XBT trading platform. Up to date there’s no cryptocurrency exchange with something close to Covesting. Let’s get a closer look at this great tool.

Covesting module interface

Covesting is an awesome feature that allows traders to allocate any portion of their portfolio to other traders. System works similar like copy trading on MT4 platform. There’s is a list of traders, their strategies and profit curve (ROE). You can choose any trader you like and follow his trades. It is possible to become such ‘Successful trader’ on your own. If you can build a positive track recorded, the followers will join, and you can earn an extra income by managing funds.

Now Covesting module is still in beta-testing stage. But everyone could make a request and participate in test stage. Hopefully during 2020 it will go live.

Registration

Registering on the platform takes no more than a minute. After that you will have to make a deposit and proceed to trading. On Prime XBT there is no identity verification procedure, no KYC. To register, you need just need to fill this registration form.

Only email required to open an account.

Deposit

In order to deposit and fund you account, press the “Deposit” button on the left block of tab.

Deposit wallet address

You are automatically assigned a personal Bitcoin address that you need to fund BTC to. You can only fund it with BTC. In case you do not have any Bitcoins, you can buy them in the “Alternative deposit” window on the right.

Prime XBT Fees

FeesDeposit methods
TakerMakerWithdrawalWireCreditCrypto
0.05%0.05%0.0005 BTCNoYesYes

PRIME XBT Security

Prime XBT profives multi-layered security system that includes:

  • Using modern Cloudflare and Amazon Web Services to keep the platform running smoothly;
  • SSL encryption;
  • Two-factor authentication;
  • Cryptographic password hashing;
  • Storage of clients’ funds on “cold” wallets;
  • Using MultiSig signatures and secure manual transfer of funds from cold wallets to the client’s account.

We running a test  for all cryptocurrency exchange websites in Mozzila’s Observatory (https://observatory.mozilla.org/). This is one of the many tools to test exchange security. Prime XBT got a score D. Which is 90% more than competitors fail to get.

Affiliate program

Prime XBT also has a profitable partnership program with four different levels. This means that you earn income not only from people you have directly attracted, but also from their referrals! The figure below shows a more clearly how this works:

Affiliate program details

Conclusion

Prime XBT is an attractive project for trading cryptocurrencies and classic exchange assets with the possibility of margin trading. High leverage attracts those who want to increase the liquidity of funds using the provided loan instruments. The availability of advanced security and trading technologies attracts both novices and experienced traders.

The platform provide secure and low fees services.  Staying in a front row of the best cryptocurrency exchanges.

We offer you to appreciate the opportunities offered to traders by the new, innovative trading platform Prime XBT. 

Register through our link and get a 35% bonus to your deposit on the platform!

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