Home Crypto Exchange PrimeXBT Review 2020

PrimeXBT Review 2020

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Prime XBT is a Bitcoin-based platform, offering a leveraged trading on several digital assets including Bitcoin, Ethereum, Litecoin, and Ripple. The company was founded in 2018 and from the very first day, we have grown exponentially and currently serve clients in more than 150 countries. We provide our clients with access to top-tier liquidity and wide range of trading tools, while maintaining security, liquidity, enabling a safe and efficient trading environment for everyone.

  • Web address: Prime XBT
  • Main location: Seychelles
  • Mobile app available: Yes
  • Is decentralized: No
  • Parent Company: PrimeXBT Trading Services
  • Transfer types: Credit Card, Debit Card, Crypto Transfer
  • Supported pairs: 10
  • Fees: Very Low

Technology

PrimeXBT offers a robust trading system for both beginners and professional traders that demand highly reliable market data and performance. Entire infrastructure is designed to facilitate high number of orders per second and extreme loads, while offering ultra-fast order execution and low latency. Our traders of all experience levels can easily design and customize layouts and widgets to best fit their trading style. We are proud to offer such innovative products and professional trading conditions to all our customers.

Features

  • Bitcoin-only exchange. You won’t be able to deposit any other kind of cryptocurrency to Prime XBT.
  • Ability to margin trade traditional assets as well as top cryptocurrencies. Trade bitcoin, ether, litecoin, EOS, and XRP along with S&P 500, FTSE100, NASDAQ, JAPAN, Forex, Gold, Natural Gas, Silver, Crude Oil, and much more.
  • Powerful and well-designed platform with customizable widgets. It comes with more than 12 integrated liquidity providers, which is capable of executing up to 12,000 orders per second and makes sure that the average order is executed in less than 7.12 ms.
  • Covesting integration. Prime XBT integrates directly with another crypto social trading platform Covesting, which allows you to view and copy the actions of seasoned traders.
  • Low fees platform. Prime XBT is extremely transparent when it comes to fees and guarantees some of the lowest fees out there.
  • Privacy. Prime XBT is a pro-privacy platform, which means that there are no KYC (know your customer) checks before you start trading.

Fees

In terms of fees, Prime XBT is on the lower end of exchanges. The platform does not charge any deposit fees, but any withdrawal will cost you 0.0005 BTC – a standard fee to cover your Bitcoin transaction cost. In contrast, BitMEX, other popular Bitcoin derivatives exchange also says to charge only a small fee to cover BTC transaction cost, but it has been observed to charge people approx. 0.001 BTC which is not much but as twice as expensive.

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