The PrimeXBT platform is a crypto-to-crypto exchange that is relatively new in the crypto space as compared to other exchanges. This platform has an undeniable prominence and popularity, which is a result of its cutting-edge features and services offered to the users.
Over the years, since its establishment, the platform has seen significant success and growth. However, if you are interested in using the platform then you need to know what it offers and why it can be a possibly better option for you as a new trader than other platforms.
This PrimeXBT exchange review might be brief but it gives a proper introduction of the platform and the high-end features that it offers to the users.
What is the PrimeXBT Platform?
PrimeXBT was launched in 2018 and offers its high-end features to users from more than 150 countries all around the world. Over time, the exchange has achieved record-breaking growth and does not only support trading of crypto assets but that of Forex and CFD assets as well.
It is one of the biggest and best trading platforms in the industry and makes use of top-of-the-line blockchain technologies. Therefore, PrimeXBT is a powerful and versatile platform and the details of its available features are mentioned below.
Fee Charged by PrimeXBT
The fee charged by the PrimeXBT platform is one of the highlighting features that needs to be explored before using the exchange. This platform charges one of the lowest and most competitive fees, which is an aspect prioritized by many crypto investors and traders.
Opting for a platform that charges a low and transparent fee can indicate that the exchange is secure and suitable to use. The details of the fee charged by the platform are mentioned below.
- Low flat fee of 0.05% per trade (for digital assets)
- Flat fee of 0.01% per trade (for forex pairs)
- Withdrawal fee of 0.0005 BTC
Safety and Security Offered
The level of security offered by an exchange is also one of the attributes that is discussed in this brief PrimeXBT exchange review. This exchange is outstanding in terms of the safety offered, making it one of the safest ones in the industry.
If a platform prioritizes the safety and security of a user’s funds and accounts, it offers a superior user experience as compared to other exchanges.
To make sure that this platform offers utmost security to the users, the PrimeXBT platform makes use of high-end security protocols such as:
- Two-factor authentication (2FA) system
- Use of cold wallet storage
- Dedicated web server
- Secured Socket Layer (SSL)
User-centric Business Model
Having a user-friendly interface is an important aspect to look at. However, having a user-centric business model may increase the appeal of the platform even more.
A crypto exchange that implements a user-centric business model means that such a platform focuses on what the users want and how their experience is going. This is achieved as the platform uses high-end and innovative blockchain technologies to offer useful and crucial features and tools to the users that facilitate them in their trading activities.
Since this is a powerful trading platform it also features latest guides, analyses, trading tools and a lot more to fully facilitate the traders and make the overall experience easier for them.
Leverage Trading Supported
Leverage trading is yet another major factor that is a priority for a vast audience. This is an advanced trading strategy that is supported by several exchanges and offers traders the opportunity to open bigger trading positions by borrowing funds from a broker.
The PrimeXBT platform is one of the exchanges that supports leverage trading and also offers one of the highest leverages that is up to 100x. More details are mentioned below.
- For cryptocurrencies: available leverage ratio is 1:100
- For forex commodities: available leverage ratio is 1:1000
This PrimeXBT exchange review highlights one of the biggest reasons why this platform stands out among the rest and that is the availability of the Covesting feature.
This feature supports copy trading, which means that if you are new to the crypto space or do not have enough time to monitor the crypto markets and manually open trades then you can still participate in it by automatically copying the trades of an expert.
This is an outstanding feature that offers an exceptional trading experience for all kinds of traders.
Since this exchange also supports forex currencies, you should know about the ones that are available:
- Australian Dollar
- British Pound
- Canadian Dollar
- Japanese Yen
- Swiss Franc
- US Dollar
The PrimeXBT platform is one of the best trading platforms you are likely to come across when you dive into the crypto space. However, if you are interested in using it then you should know the features it offers in detail. Finally, you can also read more reviews about tech and software on bestreviewlist.com or listofreview.com for more useful knowledge for your life.