April 19, 2022

PrimeXBT Review: Safe or a Scam Trading Platform


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  • User-friendly
  • Great customer service
  • Low trading commissions, take Profit and Stop Loss possibility
  • Margin Trading
  • An extra layer of security through the use of two-factor authentication




What Is PrimeXBT?

PrimeXBT is a relatively new and fast-growing bitcoin trading platform. It offers its users a variety of investment options and many asset classes. In this review, we will discuss whether PrimeXBT is a good trading platform and what features make it stand out when it comes to cryptocurrency trading.

PrimeXBT is an international trading platform that allows you to trade Forex, commodities, indices and cryptocurrencies from a single account. Margin leverage up to 1:1000 is available for use, as well as opening long and short positions. The exchange has a very high level of confidentiality of user data and there is no need for KYC verification.

PrimeXBT has a high level of liquidity, which enables fast and convenient trading of popular cryptocurrencies (Bitcoin, Litecoin, Ripple, Ethereum, etc.). You can hedge your assets and profit from the rise or fall of the market. In addition to cryptocurrencies, a large selection of instruments (more than 30 pcs) is available.

PrimeXBT has a high level of liquidity, enabling fast and convenient trading of popular cryptocurrencies (Bitcoin, Litecoin, Ripple, Ethereum, etc.). You can hedge your assets and profit from the rise or fall of the market. In addition to cryptocurrencies, a wide range of instruments is available (more than 30 pcs).




Social Media

Date of foundation


Head Office


Types of support

Live chat
Help Centre


English, Spanish, Portuguese, Japanese, Russian, etc.

PrimeXBT tools

PrimeXBT tools

PrimeXBT is dynamically and continuously developing in order to constantly meet the market demands and provide its clients with uncompromising trading opportunities.

Today, the platform already allows access to more than 30 instruments of global markets from a single account. Cryptocurrencies, indices, forex, gold, oil and other securities can all be traded with just one PrimeXBT profile.

Margin Trading

One of the key features of Prime XBT is leverage of 1:100 on all cryptocurrencies offered on the exchange, which allows a market participant to operate with an amount 100 times greater than the amount available in the exchange account. A margin guarantee is applied to the leverage. This means that the trader must deposit 1% of the transaction amount to increase the size of the position and Prime XBT will provide the remainder.

Naturally, with the right approach, leveraged trading has a positive effect on traders' income. It is possible to earn handsomely by operating large sums even with minor rate changes, gradually accumulating trading capital.

Long/Short Trading

Long/Short Trading

Prime XBT traders can profit from both rising and falling markets by opening Long and Short positions.

Long positions are designed to buy a cryptocurrency with the expectation that its price will rise and then sell it. It's simple here. If a trader predicts that the value of a coin will rise, then by opening a long position, he buys the cryptocurrency at a still low price and sells it at a higher price when the deal closes.

Short positions work on the opposite principle and allow one to make money in a falling market. For example, a trader is certain that Bitcoin's exchange rate will fall from $8,400 to $8,245 and wants to take advantage of this situation with 10 BTC in his account. He opens a short position, placing his 10 BTC to sell at the current rate. The total value of the transaction is 84 thousand dollars. The forecast turned out to be correct and bitcoin did fall in price. The trader closes the short position by buying back his 10 VTS, but at a lower price of $8.245. The difference is the profit on the deal due to the opening of the short position.


For those who can't make enough money from trading cryptocurrencies, Prime XBT offers access to global financial markets and the opportunity to make money from price movements on indices. In contrast to cryptocurrencies and other valuable assets, indexes are financial instruments reflecting the value not of a specific resource, but of many top companies rotating in the market.

Trading indices allows traders to earn on falling or rising stocks of the companies without owning any real assets. It gives certain advantages to trader. Firstly, the cost of indices is much lower than the real assets of the world's top companies, which provides a lower start. Secondly, there are no restrictions on purchase.

All popular indices are represented in the trading platform functionality. For example, S&P500, which is based on the value of the shares of the 500 leading companies in the USA. FTSE100 - the 100 largest companies in England. JAPAN, which shows the value of Japanese companies, and many others.


Prime XBT offers those who want to earn on the rise and fall of national currencies the opportunity to trade in 25 Forex pairs, using long and short positions.

Prime XBT is also ready to provide leverage for forex trading that can be up to 1:1000. This means that positions with some currency pairs can be opened for an amount up to 1000 times the amount of money in the account. In other words, having just 1 dollar on your account, you can make transactions for 1000 dollars, thereby naturally increasing your profits.

Exchange Commodities

The creators of the Prime XBT trading platform offer their clients a variety of tools for earning and hedging risks. One of them is the ability to trade commodities such as gold, platinum, oil, gasoline, as well as other energy commodities and precious metals.

The volatility of physical commodities is much less than that of digital and fiat currencies, so they cannot offer traders the same dynamic earnings. Nevertheless, over long time periods, their value is constantly increasing and they can be an attractive tool for diversifying risks.

How to register on PrimeXBT

How to register on PrimeXBT

The PrimeXBT registration process is very simple and straightforward. Follow the detailed instructions below to quickly set up your first account.

To open an account with PrimeXBT, follow these steps:

  • Go to Primexbt.com
  • Click on the "Register" button
  • Enter your email, a strong password you can remember, and your cell phone number to verify.

When you are finished, you will receive a confirmation link or a code sent to your email or phone number, depending on which registration method you used.

Depositing and withdrawing funds

Prime XBT can offer its clients amazing flexibility in money management. First of all, it is manifested in the assortment of deposit and withdrawal methods. So, you can make a deposit to your account in bitcoins, more than 130 altcoins and credit cards.

At the same time, the administration of the resource does not set minimum thresholds for deposits and withdrawals, which is definitely a key feature and an enviable advantage of the site.

It is important to keep in mind that all clients' trading accounts are entirely based on bitcoins. Therefore, when interacting with other assets, Changelly-linked APIs are used, which makes it convenient to exchange VCs for any other assets.

Cryptocurrency and fiat pairs

Cryptocurrency and fiat pairs

Prime XBT allows more than 30 different assets to be traded. The following cryptocurrency pairs are represented on the platform:

  • BTC/USD;
  • ETH/BTC;
  • LTC/USD;
  • ETH/USD;
  • LTC/BTC;
  • XPR/BTC;
  • EOS/BTC;
  • EOS/USD;
  • XPR/USD.

Supported fiat currencies

PrimeXBT supports both major and minor forex currencies on its platform.

Forex currencies supported by PrimeXBT:

  • British pound
  • US Dollar
  • Australian dollar
  • Canadian dollar
  • Euro
  • Swiss franc
  • Japanese Yen

How to exchange cryptocurrency on PrimeXBT

To make an exchange, the user first needs to perform a few simple steps:

  • Select cryptocurrency or fiat currency;
  • Specify the amount of the selected currency;
  • Click on the "Exchange" button.

Next, the user is redirected to another page where he must specify the data:

  • Email address;
  • Enter the captcha;
  • Click the "Proceed" button.

Next, the client needs to copy the address of the cryptocurrency storage wallet to which the user will make a transfer for the exchange. As soon as the specified amount of funds arrives to the platform's account, the client's balance will be replenished. It is worth noting that this procedure may take some time due to the fact that the speed of transactions depends on the network.

PrimeXBT Commissions

PrimeXBT Trading Commissions

Many exchanges charge what we call taker commissions, from takers, and what we call maker commissions, from makers. Takers are the people who remove liquidity from the order book by accepting orders already placed. Makers are the people who place those orders. The main alternative to these commissions are the usual "fixed" commissions. Fixed commissions are commissions which are the same for takers and makers.

This exchange offers a very low fixed commission - only 0.05% per transaction. This is definitely quite a competitive commission. Most exchanges that offer derivatives trading actually charge 0.075% commission. Thus, PrimeXBT has reduced the industry average taker fee for exchanging crypto derivatives by a third.

PrimeXBT's withdrawal fees

Another commission to consider before choosing an exchange to trade with is the withdrawal fee. Usually, the amount of this commission is fixed (does not depend on the amount of cryptocurrency to be withdrawn). Its size varies from cryptocurrency to cryptocurrency.

The last time we conducted an empirical study, the average industry fee for BTC withdrawal was 0.0006 BTC. PrimeXBT charges only 0.0005 BTC. Accordingly, their BTC withdrawal fee is about slightly lower than the industry average.

Overall, the exchange's fees are quite competitive.

PrimeXBT Security

PrimeXBT Security

PrimeXBT takes the security of its customers very seriously. The company boasts that it has advanced blockchain technology that ensures that investors' assets remain secure at all times. Here are just some of the security features implemented on the PrimeXBT platform:

Using cold storage for customer bitcoins

To protect customer assets from hacking and theft, PrimeXBT stores most bitcoins in offline storage systems, also known as cold storage. Only a very small portion of bitcoins are actually available online.

Dedicated and secure server for the web platform

The implementation of some of the latest advanced blockchain technology ensures that the PrimeXBT trading platform is protected from all forms of online attacks, especially DDOS attacks. Thus, customers can be assured that the web platform will always remain easily accessible when needed. The use of sophisticated technology also ensures that there are no execution time delays, no asset price changes, and no order execution errors that can occur when a trader tries to place an order, modify it, or exit an open trade.

Use of two-factor authentication and SSL

The PrimeXBT trading platform also adds an extra layer of security through the use of two-factor authentication. This ensures that no hacker gets access to your accounts. The authentication method combined with the use of Secure Socket Layer (SSL) ensures that the exchange's communication network remains protected from hackers.

PrimeXBT regulation

The financial sphere is one of the most attractive for scammers, so a large number of bona fide projects as well as scams can be found in the network. To protect yourself from a negative experience of cooperation, you should carefully check the documentation, as well as the license on the official website of the project. Consider in more detail how the regulation of the company. Although the company occupies the top positions in the world rankings of cryptocurrency exchanges, the organization does not have licenses and permits to work with cryptocurrency. Documentation, as well as contact information of the company is publicly available for users at primexbt.com

Advantages and disadvantages of PrimeXBT crypto exchange



  • Low trading commissions
  • Four-level referral system
  • Security site
  • Simple and intuitive interface
  • 12 liquidity providers
  • Large volume of trades
  • Adjustable Leverage
  • Take Profit and Stop Loss possibility
  • Anonymity of users
  • No API
  • No call centre


PrimeXBT offers comfortable trading in cryptocurrencies, currencies and other assets. There are stop-loss and take-profit functions and charts with multiple indicators. Commissions start at 0.001% for margin trading. The site has a convenient service of copying transactions, which allows you to receive a passive income. All major methods of deposit/withdrawal are available, including Visa and MasterCard.

Thank you so much for reading!

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Jack Evans

I became a crypto asset owner in 2014, when the industry was in its infancy. Before that, I was working in the classic US and European stock markets. Since then, I have gained extensive experience in both cryptocurrency investing and day trading. I am happy to share with readers my experience with crypto exchanges, DeFi and NFT instruments.
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