PrimeXBT is the perfect tool for anyone looking to increase their cryptocurrency trading earnings. Copying a winning position on PrimeXBT also offers a wide variety of features that allow traders to maximize their profits.
What is PrimeXBT? Let's examine PrimeXBT together
Investors can access both cryptocurrencies and traditional asset classes with PrimeXBT, an intuitive trading platform. Long and short margin trading is available, allowing you to make money in both rising and falling markets. PrimeXBTis a strong contender due to its low fees, global reach, leverage across various asset classes, referral rewards program and global presence. Coinvesting allows rookie traders to follow the methods of more experienced and successful traders, creating an all-in-one trading platform that will work for both inexperienced and more experienced traders.
It gives traders access to major fiat currencies, including the Australian dollar, euro, Canadian dollar, Swiss franc, Japanese yen, pound and US dollar, across all FOREX markets. Commodities offered for trade include oil, gold, natural gas and silver.
PrimeXBT Short review
Leveraged trading is a service provided by PrimeXBT, a cryptocurrency and forex broker, to clients around the world. This assessment covers PrimeXBT's trading locations, cryptocurrency forecasts, mobile apps and services, including supported countries. We also go through deposit and withdrawal methods, campaign bonuses, withdrawal policies and KYC verification procedures.
PrimeXBT Trading Services was established in Seychelles in 2018. It has since grown into a global brand with customers in over 150 countries. st. Vincent and the Grenadines founded the broker in 2019 and its administrative offices and infrastructure are located in Switzerland.
PrimeXBT Complaint
Sometimes from customers PrimeXBT complaints You can afford it, but the problem is that it can often be difficult to understand everything, or they traded themselves and not with experts with extensive experience in trading crypto assets.
Investment Products
The investment products you can trade on the PrimeXBT platform include:
- Cryptocurrency: Bitcoin, Ethereum, Litecoin, Ripple, EOS, Cardano, Stellar and many more cryptocurrencies.
- Forex: Euro, US Dollar, Japanese Yen, British Pound, Australian Dollar, Canadian Dollar, Swiss Franc and many other currencies.
- Commodities: Gold, Silver, Oil, Natural Gas, Wheat, Corn and many other commodities.
- Index: SandP 500, Dow Jones, NASDAQ, DAX, FTSE 100 and many other indices.
PrimeXBT allows investors to use many different investment products and diversify their portfolios. However, it is always important to understand the risks and use appropriate investment strategies before investing.
Copy Trade PrimeXBT
PrimeXBT is a leading trading platform that offers copy trading as a feature. The platform allows traders to copy the trades of other successful traders in a few clicks. This feature is available in the PrimeXBT control panel and is easy to use.
After traders allocate funds, the copying system will automatically copy the selected trader's trades to their own account. This means that traders can profit from successful trades of the chosen trader without having to analyze or make trading decisions.
Benefits of Copy Trading on PrimeXBT
Copy trading on PrimeXBT offers traders several benefits, including:
- What is copy trading?
Copy Trading is a strategy that allows traders to copy the trades of other successful traders. This can be done manually or automatically depending on the trading platform you use. The idea behind copy trading is that traders can benefit from the experience and success of other traders without having to spend time and effort developing their own trading strategy. - Saves time and effort
Copying with PrimeXBT saves traders time and effort. Traders do not need to spend time analyzing the market or making trading decisions. The copy system automatically copies selected trader transactions, which means traders can focus on other activities. - Diversification
PrimeXBT copy trading allows stocks to diversify their portfolio. Traders can consume different traders with different trading strategies and allocate funds to it. This diversification helps increase the risk of loss and opportunities for profit. - Transparency
Copy trading on PrimeXBT is transparent. Traders can view each trader's performance, trading history and trading strategies. This helps traders make informed decisions when choosing a trader to follow.
Covesting.io trading module
The Covesting Copy Trading Module allows platform users to browse hundreds of trading strategies offered by other traders and automatically copy their trading activities. Covesting Copy's trading module allows you to get the same returns as the top traders on the platform.
PrimeXBT only works with trusted covesting.io Exchanges (swap), meaning that covesting.io and PrimeXBT connection double protection of funds from intruders and hackers.
Primexbt app
PrimXBT developed IOS and Android mobile version. What you want to do on the web-based platform, you can apply the same in mobile applications.
PrimeXBT security
One of the biggest concerns people have when trading cryptocurrencies is security. “Is PrimeXBT reliable?” Many people ask this question. We decided to discuss this topic in detail for our PrimeXBT review.
Cybersecurity measures and practices are in place to protect client assets from all contingencies and threats, and the trading engine has been designed to meet the highest standards of the online trading industry.
Multi-signature access is used to provide both security against attacks and tolerance of losing access to a key or facility, and fund transfers from Cold Storage to Hot Wallets are performed manually and require coordinated actions from multiple employees. PrimeXBT is proud to have one of the most advanced and reliable trading software on the market.
Fees
| Current Follower'
Equity, BTC |
Current Follower'
Equities, ETH |
Current Follower'
Equity, USDT/USDC |
Trading fee, Crypto | Trading fee, FX and Metals | Trading fee, indices |
| 1 or less | 25 or less | 50,000 or less | 0.05% | 0.001% | 0.01% |
| 1 from 5 | 125 | 250,000 | 0.05% | 0.001% | 0.01% |
| 5 from 10 | 250 | 500,000 | 0.055% | 0.0011% | 0.011% |
| 10 from 15 | 375 | 750,000 | 0.061% | 0,0012% | 0.0122% |
| 15 from 20 | 500 | 1,000,000 | 0.082% | 0.0016% | 0.0164% |
| 20 from 40 | 1000 | 2,000,000 | 0.121% | 0.0024% | 0.0242% |
| 40 from 60 | 1500 | 3,000,000 | 0.192% | 0.0038% | 0.0384% |
| 60 from 80 | 2000 | 4,000,000 | 0.29% | 0.0058% | 0.058% |
| 80 from 110 | 2750 | 5,500,000 | 0.481% | 0.0096% | 0.0962% |
| 110 or more | 5750 | 11,500,000 | 0.65% | 0.013% | 0.13% |
Margin Trading
Margin trading on PrimeXBT allows traders to take advantage of small price movements in the cryptocurrency market and potentially make bigger profits than they would with their own funds alone. However, it is important to note that margin trading also increases the risk of losses, as losses increase when leverage is used.
It is important for traders to carefully manage their risk when trading margins and to use risk management tools such as stop loss orders and take profit orders to minimize potential losses. Additionally, traders must have a solid understanding of the market and the instruments they are trading in order to make informed decisions.
Lever
Traders can adjust their leverage levels on PrimeXBT according to their risk tolerance and trading strategy. PrimeXBT – leverage is highly competitive with crypto pairs up to 1:1000. Leverage is variable but depends on the size of the trade. It is important to note that the maximum leverage offered may vary depending on the trading pair and market conditions.
Overall, leverage is a powerful tool that can help traders achieve potentially higher profits in the cryptocurrency market, but it should be used with caution and with a solid understanding of the risks involved.
Deposits and Withdrawals
To deposit, you must first log into your PrimeXBT account and go to the "Deposit" section of the platform. After that, you can choose the cryptocurrency you want to deposit and the platform will give you a unique deposit address. You can transfer any cryptocurrency from your personal wallet to this address and the money will appear in your PrimeXBT account shortly.
The withdrawal process is similar. You have to go to the “Withdraw” section of the platform and select the cryptocurrency you want to withdraw. You must enter the withdrawal address, which is the address of the external wallet you want to transfer funds to. PrimeXBT will then approve your withdrawal request and once approved, your funds will be transferred to your external wallet.
PrimeXBT Customer reviews
User comments about PrimeXBT:
“Great platform! Perfect care! Unfortunately, there aren't as many stock trading options as I expected, but if you ask me if PrimeXBT is safe, yes, I have no doubt it is!”
“PrimeXBT has very friendly and competent customer service. Especially in online banking, deposit and withdrawal transactions are carried out instantly or very quickly and easily. PrimeXBT fees don't bother me.”
“I like that the support service works around the clock and responds to any PrimeXBT review. This shows that they attach importance to the transparency of the services.”
Cons and Pros of PrimeXBT
✅ Pros
- Security: Using two-factor authentication and full cybersecurity to protect consumer assets.
- Customer Support: Excellent live sohbet customer service team.
- Fiat Purchases: Investors can use credit/debit cards and SEPA transfers to purchase backed coins.
- Easy registration: A simple registration process
❌Cons
- Only 5 coins are supported by PrimeXBT. Despite being scarce, they are among the largest cryptocurrencies available today. Investors can also access other important types of assets through this one-stop trading platform.
- There is currently no demo account available. Still, customers can test the platform in a live trading environment with a minimum deposit of only 0,001 BTC.
Conclusion
Investors, an intuitive trading platform With PrimeXBT, both cryptocurrencies and and access to traditional asset classes. Long and short margin trading is available, allowing you to make money in both rising and falling markets. PrimeXBT is a strong contender due to its low fees, global reach, leverage across various asset classes, referral rewards program and global presence. Coinvesting allows rookie traders to follow the methods of more experienced and successful traders, creating an all-in-one trading platform that will work for both inexperienced and more experienced traders.
F.A.Q.
Is PrimeXBT reliable?
Yes, PrimeXBT is a reliable trading platform with a comprehensive cybersecurity framework to ensure client assets are protected at all times.
Is PrimeXBT a scam?
No, PrimeXBT is legal and safe (like other centralized exchanges). However, always remember the saying “Not your keys, not your crypto”.
Does PrimeXBT offer social trading?
No, it does not offer Social Trading. Copy trading module – generate profits by creating and managing your own Strategy and/or Follow (copy) Strategies of other successful traders.