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PrimeXBT Crypto Exchange: A Comprehensive Review
PrimeXBT is a leading cryptocurrency exchange that has gained significant popularity among traders worldwide. In this review, we will explore the key features, benefits, and drawbacks of using PrimeXBT for your cryptocurrency trading needs.
User Interface and Trading Experience:
PrimeXBT offers a user-friendly and intuitive trading platform that caters to both beginner and experienced traders. The platform provides a wide range of trading tools, including advanced charting features, order types, and risk management tools. The smooth and responsive interface ensures a seamless trading experience, allowing users to execute trades quickly and efficiently.
Asset Coverage:
One of the standout features of PrimeXBT is its extensive asset coverage. The platform supports a diverse selection of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and many more. Additionally, PrimeXBT offers leveraged trading,...
PrimeXBT has a rating of 4.6 stars from 301 reviews, indicating that most customers are generally satisfied with their purchases. Reviewers satisfied with PrimeXBT most frequently mention crypto futures, trading platform and support team. PrimeXBT ranks 5th among Investing sites.
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This cool what they've done with their fees. Maker fee 0.01%, spreads close to 1 pip, I could trade and switch between markets, making super gains. Primexbt showed class here/
Once climbed on the vip tier, I could open nice positions with a better confirmation, with much lower fees! Of course it's not the same as it was with limit orders, but increased winrate worth. How I could go with another mode, different than crypto futures. Everything is nice about it: fees, platform, leverageU_U
Hello Ivo D.,
Thank you very much for your kind feedback.
We’re really happy you found crypto futures trading on our platform cost-effective and convenient.
Indeed, crypto futures mode is something we’re proud of. By implementing one of the lowest costs in the industry and powerful trading tools, such as TradingView charts, order book, and flexible leverage options, we tried our best to make it distinctive. Once a certain monthly volume is reached, our traders can unlock VIP trading conditions, including lower taker fees, tighter CFD spreads, priority support, and instant payments.
It’s great that you can reach such heights and achieve VIP status. Carry on a good job, while we’ll be next to you with anything you need for beneficial trading.
Kind regards,
The PrimeXBT Team
I opened an acc here bc of their unique concept of providing access with great trading terms to traditional markets and to the crypto markets with a pretty good leverage ratio!
Hi there Benjamin L.,
Thanks for calling that out!
Our goal has always been to give traders the best of both worlds: strong trading conditions on traditional markets and flexible, high-leverage crypto trading, all in one place.
Glad to hear this mix worked as the main advantage for you. If you ever have questions about any market or feature, we’re always here to help!
Kind regards,
The PrimeXBT Team
They've been here since 2018 which is impressive for crypto exchanges. Most of them usually go bankrupt after 2-3 years, so far so good, but I'd like to see lower funding rates!
Hello there Eshan V.,
We are truly grateful for your recognition of our long-standing presence in the industry. Thank you.
Since 2018, PrimeXBT has remained committed to providing a secure and efficient trading environment for all clients. We appreciate your feedback regarding funding rates, it’s a valid point, and our team continuously reviews trading conditions to ensure they remain competitive and balanced for various market situations. Your input helps us improve further.
If you have any questions about anything, please don't hesitate to contact us at any time. We are always here to assist you!
Kind regards,
The PrimeXBT Team
Couldn't get better than this! I am new to crypto transfers and can say withdrawals using crypto are like withdrawing from an ATM! 😀 great job primexbt!
Hello there Pranav T.,
Thanks a lot for the great feedback!
We’re really happy to hear that your first crypto withdrawal experience felt smooth and “ATM-level” instant. That’s exactly the kind of simplicity we aim for. Our team works hard to ensure crypto payments are quick, predictable, and frustration-free, especially for new traders using blockchain transfers.
If you ever need help choosing the right network or want tips on optimising fees and speed, feel free to reach out. We’re always here to assist!
Kind regards,
The PrimeXBT Team
Primexbt platform is perfect for trading crypto futures. Having crossed and isolated margin modes is a must! As you know, risk is the only honest metric in crypto, if you ignore risks, the market eventually will wipe your deposit. After one of the biggest dumps in October, I'm not going to put all my deposit into trades anymorep.
Hi there Tej W.,
Thank you for sharing your opinion - that’s a very grounded mindset!
Risk management is crucial for distinguishing between short-term luck and long-term success, especially in crypto futures trading. It’s great to hear that you’re maximising the platform’s margin options. Both crossed and isolated margins were specifically designed to provide you with that level of control.
Stay disciplined, and thank you for trading with PrimeXBT!
Kind regards,
The PrimeXBT Team
I wasn't using crypto payments until recently. This was my first platform for crypto transfers, and I was surprised by how easy and fast it was.
Hi there Parvez S.,
Glad to hear that your first experience with crypto payments went smoothly!
We’ve worked hard to make deposits and withdrawals as quick and straightforward as possible, even for traders new to crypto.
Thanks for giving it a try, and welcome to the world of faster, borderless payments!
Kind regards,
The PrimeXBT Team
The discounts are actually a lot, like it can get up to 70% for futures and 50% for pxtrader assets, but the turnovere requirement is a bit too high :/ seems like only high volume players can get to vip2. But at the same time, vip1 seems reasonable, and just 0,01 always on maker fee is commendable thing.
Hello Omar J.,
Thank you for your comment.
We appreciate your positive feedback regarding our VIP program. This program is specifically designed to reward our most active traders.
As you correctly noted, our customers can access additional benefits through the program. For example, VIP1 members receive a 0.03% taker fee, while VIP2 members benefit from a 0.015% taker fee in crypto futures modes. On PXTrader, the spread discount can reach up to 50%. Furthermore, there are special discounts for crypto-to-crypto and USD-to-crypto exchanges, with savings of up to 15%.
At PrimeXBT, we are committed to providing the best trading conditions and platforms to ensure a seamless trading experience.
If you have any questions, please do not hesitate to contact us.
Kind regards,
The PrimeXBT Team
If you ask me about this memeber of the industry... good enough - id say... just don't forgert to keep an eye on spreads
Trading commodities for the most part - no unexpected fees, feeling comfortable with my crude oil trades, even in light of this craziness about toppling Maduro
Hello Andile T.,
Thank you for taking the time to share your view on our company! We truly appreciate your positive feedback.
It is fantastic to hear that you feel at ease trading Crude Oil with us! As a multi-regulated brokerage, we take great pride in offering our traders a wide range of trading instruments, from forex currency pairs to crypto futures. Our goal is to empower our traders by providing as many opportunities as possible, and your encouraging words inspire us to work even harder to enhance your experience.
Should you have any questions or suggestions, our customer service team would be more than willing to listen and help! Do not hesitate to get in touch.
Kind regards,
The PrimeXBT Team
But for edu not much. Good and regular market insights, tho
Hello there Shahid S.,
Thanks for your honest feedback!
We’re glad to hear you’re satisfied with the trading experience and our market insights. As for educational materials - noted! Our team is already working on expanding learning resources and tutorials to make trading knowledge more accessible for everyone.
Appreciate your input and we hope you’ll find the upcoming updates helpful!
Kind regards,
The PrimeXBT Team
If you feel insecure about your trading skills, then reading their articles in the education section is a must have for you. You gotta take it seriously, that's how I improved my results. There's enough information about:
-crypto
-forex
-commodities
-risk management principles
And other topics available. The cool part is you don't have to use a sided app to get access to there.
Hello Owen S.,
Thank you for sharing your experience with our educational resources and for highlighting their positive impact on your trading results.
At PrimeXBT, we are committed to providing all our traders, from beginners to seasoned professionals, with a comprehensive and integrated educational foundation. Empowering our users with knowledge is a core part of our mission, and we're glad our materials have helped build your confidence and skills.
We appreciate you taking the time to post this review. If you need any assistance, please get in touch with us anytime.
Kind regards,
The PrimeXBT Team
PrimeXBT is quite versatile in providing a lot of instruments for trading, including crypto futures and conventional assets. When it comes to the first instruments, I usually trade specific cryptos:
-BTC
-ETH
-LTC
-SOL
All of these pairs are reliable and always follow key support and resistance zones. Btw, low maker and taker fees from primexbt changes the game.
Hello there Omkar Q.,
Thank you for sharing your experience and insights.
It’s great to hear that you find value in our range of crypto futures and other trading instruments. We’re glad the low maker and taker fees have positively impacted your trading and that core assets like BTC, ETH, LTC, and SOL perform reliably for your strategies.
Your feedback reinforces our focus on maintaining competitive fees and expanding trading opportunities for our users. We appreciate your continued trust in PrimeXBT and wish you successful trades ahead.
Kind regards,
The PrimeXBT Team
Like up to 70% less costs on crypto futures is great, this gonna make taker fee as low as the maker! So you can trade as you like
Hello Naveed T.,
Thank you for your feedback.
We appreciate your positive feedback on our VIP program. It is designed to offer unique trading conditions for both crypto futures and traditional CFD traders. With VIP status, our customers benefit from lower fees on crypto futures and tighter spreads on conventional CFDs.
Providing attractive trading conditions remains one of our top priorities.
We wish you success in your trading. If you have any questions, please feel free to contact us.
Kind regards,
The PrimeXBT Team
CFD spreads are also low not just futures, apprecaite making the services cheap all around! Pxtrader is impressive platform, its new and it has more features
Hello Omar R,
Thank you for your comment.
We recognize the importance of trading costs and have prioritized offering competitive spreads, swaps, and both maker and taker fees on our crypto futures mode. We appreciate your feedback regarding the affordability of our brokerage services, as maintaining cost-effectiveness remains one of our primary objectives.
Regarding PXTrader and our other available platforms, we are committed to ensuring that trading through these services is both secure and seamless.
If you have any questions, please do not hesitate to contact us.
Kind regards,
The PrimeXBT Team
I like new vip camgaign too! What I like is discounts on trading are not just on futures, but on cfds as well. This makes gold more affordable, and it has wider spreads here.
Hi Mpho R.,
Thank you for sharing your feedback with us! We are happy that you find our VIP campaign beneficial, as well as the discounts established across both CFDs and futures. As you mentioned, it has a substantial impact on metals, including gold.
We hope your experience in the VIP campaign is profitable every time you trade.
Please feel free to contact us if you have any further questions about the campaign or any other matters related to our platfroms and procedures.
Kind regards,
The PrimeXBT Team
I adore reading educational articles in their education section. There were a lot of interesting materials where I finding out about correlations, the importance of psychology.
Hello there Luis D.,
Thank you for sharing your thoughts on our educational resources.
We are delighted to hear that you find value in the articles, particularly on topics such as correlations and trading psychology. Providing high-quality materials that support both beginners and experienced traders is an important priority for us.
Should you have any further questions or need assistance, please do not hesitate to reach out to our dedicated customer support team, who will be glad to help.
Kind regards,
The PrimeXBT Team
Honestly, crash that happened recently made me think of switching to forex trading… I like crypto but this uncertainty and crashes are very risky, glad they flexible with instruments
Hello Alvin R.,
Thank you a lot for your opinion!
We are really excited to hear that you found a trading market that suits you best! While trading does come with its risks, it is all about how you navigate those challenges. We take pride in offering a wide variety of trading instruments, allowing you to explore options beyond just crypto. Take a look and pick the instrument that feels right for you. After all, you are the one in charge of your trades and decisions!
Should you have any questions or suggestions on how to make our services better, please do not hesitate to get in touch with our support team! They are always there to help you out.
Kind regards,
The PrimeXBT Team
Crypto futures vs crypto cfds? I tried both here just to see the difference. Futures felt more straightforward for me, while CFDs gave me more flexibility with smaller trades. Depends what you want really, but at least I could test both on the same platform without issues.
Hello Mohit D.,
Thank you so much for sharing your thoughts.
Sometimes it's hard to decide what is better to trade, but on our platform, this dilemma was solved by introducing accessible trading conditions for various crypto CFDs and futures. Traders can enjoy trading from spreads starting from 0.1 pips and fixed trading costs from crypto futures, as low as 0.01% maker fees. And you're right, this price structure can be accessed from the first day of trading on our platform.
We're glad to hear that you found something that is suitable for you. Happy futures trading!
Kind regards,
The PrimeXBT Team
ان کے پلیٹ فارم پر ٹریڈنگ اکاؤنٹ کھولنے سے پہلے سےہی میں ان کے ریسرچ سینٹر میں شائع ہونے والے مضامین کو باقاعدگی سے پڑھ رہا تھا۔ یہ بات ماننی پڑے گی کہ یہ چیز میرے لیے فیصلہ کن ثابت ہوئی۔
ہیلو، Adlan H
یہ سن کر خوشی ہوئی!
ہمیں بہت خوشی ہے کہ ""لرن اینڈ ریسرچ سینٹر"" نے آپ کے فیصلے میں اتنا اہم کردار ادا کیا۔ بہت سے ٹریڈر سب سے پہلے PrimeXBT کو ہماری فراہم کردہ بصیرت، تجزیے، اور مضامین کے ذریعے دریافت کرتے ہیں۔ ہم نے اسے اس طرح ڈیزائن کیا ہے تاکہ ٹریڈرز کو ٹریڈنگ شروع کرنے سے پہلے مارکیٹوں کو بہتر طریقے سے سمجھنے کا موقع ملے۔ یہ جان کر کہ یہ آپ کے لیے ""فیصلہ کن"" ثابت ہوا، ہمیں یہ یقین ہوتا ہے کہ ہم صحیح راستے پر ہیں۔
ہم ہمیشہ نیا اور قیمتی مواد فراہم کرتے رہیں گے تاکہ یہ مواد نئے اور تجربہ کار تاجروں دونوں کے لیے ایک اہم وسیلہ بن کر رہے۔ اپنے تجربے کو ہمارے ساتھ شیئر کرنے کا شکریہ!
نیک خواہشات کے ساتھ،
PrimeXBT ٹیم
Joining mainly because they give access to crypto futures which not every platform does. Tried a few trades on BTC pairs to see how it feels, so far the process was smooth enough for me... Funding costs can bite sometimes, but that's part of futures trading in general
Hi there Franklin H.,
Thanks for recognizing the value proposition of our crypto futures platform!
We understand that funding rates are an important consideration for futures traders, and we're glad our competitive fee structure helps balance your overall trading costs. With our industry-low maker fees at 0.01% and taker fees that remain highly competitive, PrimeXBT ensures that your entry and exit costs stay minimal while you navigate the futures markets.
The funding rate, charged every 8 hours, helps maintain fair pricing between futures contracts and underlying assets, and many traders find these costs are easily offset by the leverage flexibility and trading opportunities our platform provides.
If you'd like further explanation about funding times or have questions about specific contract conditions, our support team is available 24/7 to help with any of your needs.
Kind regards,
The PrimeXBT Team
Answer: Manually? You mean with market orders? You pay with taker fees broodie... It’s quite expensive to be honest, I don’t know why people are still trading with such orders, when the platform offers limit orders where we can pay less for maker fees. I personally never open market positions, only pending limits and that’s how I save some money avoiding high trading-costs.
Answer: I might be wrong on this one, but I have only seen this on crypto futures. For cfd trading, different type of margin allocation is used, and you can see the requirements in a pricing sheet.
Answer: Absolutely, why not? Primexbt is a multi regulated platform, which by default tells us that several financial jurisdictions believe in their trustworthiness and make sure to audit and check them every once in a while. If that was illegal, they wouldn’t get even a single one. When it comes to futures I saw several big brokers who have cfd assets and futures at the same time, BUT, those were futures mainly for indices, gold and etc, whereas here they give you the access to crypto futures. Yes, that’s some kind of a different which essentially makes them unique, but there is nothing wrong with that. I’m trading there both futures and cfd forex pairs (when London session kicks in). All in all, the experience so far is great man.
Answer: Well, it all depends on your style, right... Are you more of a crypto enthusiast? Then, perhaps crypto futures mode is the best for you... if you ask why, well, it has high leverage there, that you can adjust as per your needs, but be careful not to overleverage, I recently was told by my trading pal that he overtraded and even though his initial prognosis was right, he lost, because of the leverage, i mean the price first went agaisnt him, and his SL was triggered, had it been less leveraged, the loss would be minimal... anyway, cyrpto futures makes sense right now, as whole crypto market is booming... Also, the broker there have special VIP program, where if you reach ceertain volume, (i mean trading) then u will get more attractive fees, coz on crypto futures mode there are taker and maker fees... but if you prefer traditional markets, well, then trade them, lots of CFDs on different markets are there. You can trade from web or PC desktop, I would recommend to keep both web based and desktop versions... but again, depends on your preference, web based works well, though it is on web, it does work pretty well
Answer: As with all things, it depends how you appraoch it. If you don't take the time to do a deep dive and study different traders on the platform, and instead go for the one with the highest profit indicator... you're probably not going to last very long, amma be real with you. Copy Trading is as, if not more, serious than manual trading and should be done with a thorough understanding of what makes a trader worth investing long-term or not. Yes, it is worth it, but please don't neglect the research part
Answer: Regarding trading, nothing at all. It makes no difference if you account is verified or not when you trade. Either way, you get the same trading terms and have access to the same market range, tools and else There are limitations in terms of transfers. Not all payment methods are available if you choose a no-KYC account, and there is a limit of 25,000 daily withdrawals, which let’s be real, is not much of a limit... right!? Shortly, the limitations are insignificant, and Primexbt is a top choice platform for no-KYC accounts
Answer: For me a $100 is most comfortable because it’s small to not feel the loss if the trades don’t go my way and it’s more than the starting price so it’s a good minimum deposit to start from.
Answer: How should I tell you... If you didn't know, the primary direction of PrimeXBT is crypto futures and they position themselves as a crypto exchange. Nevertheless, they also provide traditional financial instruments for trading but I hardly believe the conditions on the forex market would be better in comparison to standard forex brokers. So yeah, you can trade on the forex market here but you better expect nothing special here but I can definitely say the trading on crypto futures is much better than on other crypto exchanges in my opinion.
Answer: You can set up an isolated margin in the app already now. It will use only your funds allocated for a specific position. ALternatively, you can choose a cross margin with this broker and it means that all funds available in your margin account shall be used to prevent liquidation of any other open trade. So, these settings are getting more and more flexible with all platforms now.
Hey there Thulani N.,
Thank you so much for your review.
It's an honour for us to be the reason for your trading success.
You correctly noted that our low trading costs were intended to maximize our traders' gains. We understand how important it is to offer accessible spreads and commissions across all markets. For example, we charge only a fixed 0.01% maker fee and a maximum 0.045% taker fee for crypto futures, making it one of the lowest offers in the industry. At the same time, we don't forget about our CFD assets, offering spreads as low as 0 pips, along with the standard overnight funding rate.
We're happy to have you as a part of our community. Thank you for your choice!
Kind regards,
The PrimeXBT Team