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The competition between the top trading platforms in the cryptocurrency market is vicious, and it has seeped into margin trading platforms. Traders trading cryptocurrencies are actively exploiting every opportunity to maximize profits across speculative assets by taking advantage of leverage. PrimeXBT is a margin trading platform like the others, but it has several features that make it stand out of the park.
The goal of this platform review is to present you with the features of PrimeXBT so you can decide if it is worth it, and if it is, help you get started immediately.
We’ll begin by giving a summary of the benefits of the platform. They include:
With regards to the features and benefits listed above, PrimeXBT is an excellent platform for both new users and professional traders.
Below is an overview of the platform’s specific features.
PrimeXBT’s registration process is simple and matched only by very few other platforms. The process can be completed in less than a minute and does not require the input of any personal details. With just your country and email address, you can make your first deposit.
You do need to confirm your email as well as enter a username and password.
There is a minimum required deposit is 0.001 BTC. Deposits are made to a Bitcoin address because all accounts are denominated in BTC.
Once deposits are confirmed, the funds are made available, and accounts will have to be funded. With this tool, it is possible to keep a part of your capital separated from the funds available in your trading account.
Besides making deposits to a BTC address, deposits can be made through Changelly, a third-party service.
As with deposits, withdrawals are easy but must be sent to BTC address, not to a different cryptocurrency address. Withdrawals are processed daily at a rollover period. Every withdrawal initiated before the rollover period is queued up, and can be canceled before the period is reached.
PrimeXBT’s platform has many widgets that can be used in customizing the trading terminal anyhow the trader likes it. These include charts that sport the built-in technical analysis software, watch lists, and many more. The technical analysis software has many of the most significant trading indicators, including Parabolic SAR, RSI, and Ichimoku.
On the trading terminal, you can execute Take Profits to maximize profits and Stop Loss to minimize risk.
PrimeXBT has a reliable trading engine with n uptime of 99.9%, and Orders are quickly executed with minimal slippage.
Traders can profit from every turn in the market as they can go Long or Short. They can even hedge their positions.
PrimeXBT offers more than 50 distinctive asset markets and leverage of up to 1000x. The assets offered include:
With the different options assets and unrivaled portfolio diversification provided by the platform, traders have increased opportunities for making a profit compared to those of competitors.
PrimeXBT has a four-level referral program.
A trader continues to earn from each trader he introduces to the platform for up to four levels of commission. To demonstrate how useful the referral program is, according to the leaderboard, the top trader on PrimeXBT has generated more than 50 BTC.
Besides the referral system, there are CPA offers together with exclusive ambassador relationships. These also come with custom customer care representatives.
The company offers both live customer service and a help center.
The live customer service is available 24/7 and via online chat. Irrespective of what your problem is, they can provide the assistance you need.
The help center contains the different guides, regular updates the company provides, and many more. They also make use of their official social media accounts to offer further help.
PrimeXBT takes security very seriously. They have put a series of security features in place, including two-factor authentication and address whitelisting on withdrawals.
Moreover, their website is both encrypted and makes use of Cloudflare technology to prevent all types of attacks and security breaches, including DDoS attacks.
Most importantly, the company doesn’t require any personal info from traders. This is the best security!
As if the superb service the company already offers is not enough, it recently created a different platform that is excellent for tightly ranging markets with no defined trends. The platform is meant for a short duration, synthetic BTC contracts. Interested traders can choose from either a UP or Down contract and a period of 30 seconds, 1 minute, or 5 minutes. When the time chosen elapses, the trader either books a profit or a loss.
PrimeXBT is an excellent choice for all levels of traders providing an edge unmatched by most others. This is proven not only by its amazing features but also by the fact that only recently. it received several awards, including the ADVFN award for the Best BTC Margin Trading Company.
Once again, it offers a range of profitable tools from which to select, quick registrations, and more variety than any of its competitors regarding conventional and digital assets.
To get a free trading account, sign up on PrimeXBT here.
Get to use other commendable experts and enjoy a safe trading experience.
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You should totally try PrimeXBT! It has more PROS than CONS. It’s hard to find a suitable platform? but it look’s like I did!
Thank you for the complete and accurate review! The article contains only the most essential information. I think it’s enough to get started. I’ll test the rest in practice. Primexbt has even more trading instruments than you need. You can use it do diversify your portfolio, but I’m only interested in cryptocurrencies so far. Good luck with your work!
I’m currently choosing between two trading platforms. I’ve already compared their functionality and opportunities – both options are good. But I wonder if Prime XBT works stably. Are there any lags? There is not a w**d about it in the articl.