Prime XBT Exchange Review (2023): Decent Fees, and Relatively Simple to Use

Trade cryptocurrencies and traditional financial instruments such as Forex, S&P 500, and Nasdaq composite indices, as commodities like crude oil and natural gas, all from one account with Prime XBT, the Multi-asset Crypto-based derivatives trading exchange. You’ve come to the right place if you’re seeking to figure out if Prime XBT is legitimate or want to learn more about the Prime XBT costs because we’ll go over all the important details of the platform below.

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What is Prime XBT?

Prime XBT is a multi-asset crypto-based derivatives trading exchange that allows traders to access a wide range of financial instruments, including cryptocurrencies, Forex, S&P 500, and Nasdaq indices, commodities, and more. With up to 200x crypto leverage and 1000x leverage for Forex trades, traders from more than 150 countries can open an account and start trading in minutes. Prime XBT is easy to use, even for beginners, and provides a secure and reliable platform for trading a variety of assets.

It has become a popular choice for traders due to its leverage options and low fees. However, some users have complained about the limited number of coins supported by the platform. Prime XBT is constantly expanding its list of supported coins, so traders can expect more options in the future. The platform also offers a user-friendly interface, making it easy for beginners to get started. With its competitive fees and great usability, Prime XBT is a great choice for traders looking for a reliable and secure trading platform.

Key Features of Prime XBT

The platform’s other standout features include:

Crypto-based platform with multiple assets: You can fund and use numerous trading accounts simultaneously with Prime XBT. Bitcoin (BTC), Ethereum (ETH), USD Tether (USDT), USD Coin (USDC), and Covesting are included in this (COV). Each specific trading account’s base currency is used to settle profits and equity.

Ability to Margin Trade popular cryptocurrency and traditional assets: Trade popular global stock market indices, commodities, and forex with leverage up to 1000x, as well as Bitcoin, Ether, Litecoin, DogeCoin, XRP, and more. More than 100 asset pairs from the traditional and cryptocurrency sectors are supported by the platform.

A strong, beautifully designed platform with widgets you can customize: It has more than 12 integrated liquidity sources and can process up to 12,000 orders per second, ensuring that the average order is completed in less than 7.12 milliseconds on average.

Covesting module: Prime XBT seamlessly interacts with Covesting, a different cryptocurrency social trading platform that enables you to follow and automatically imitate the trades of experienced traders.

Cheap platform: When it comes to pricing, Prime XBT is incredibly open and promises some of the lowest rates available.

Privacy: Since Prime XBT is a pro-privacy platform, no KYC (know your customer) checks are necessary before you can begin trading. The platform nevertheless has affiliations with numerous anti-money laundering (AML) service providers.

Key Advantages of Prime XBT

Some of the Highest Leverage Options in Crypto Trading

Prime XBT is a cryptocurrency trading platform that offers users a range of features and services, including high leverage limits, low fees, and a wide range of trading options. Prime XBT reviews found online are generally positive, with users praising the platform for its user-friendly interface, low fees, and high leverage limits. The highest leverage limit available on Prime XBT is 100x, which can be used to increase profits significantly. Prime XBT also offers a range of risk management tools, making it a great choice for both experienced and novice traders.

One That Is Very Secure

Prime XBT is a cryptocurrency trading platform that offers users a secure and reliable trading experience. It utilizes AWS web servers to ensure smooth operations and employs a cold storage system to protect user assets. This means that the majority of crypto assets are stored in offline devices, making them much less vulnerable to hacking and other malicious activities. Prime XBT also offers a variety of trading tools and features, such as margin trading, leverage, and more, to help users maximize their profits. With its advanced security measures and comprehensive trading features, Prime XBT is a great choice for those looking to trade cryptocurrencies safely and securely.

Easy to Use

Prime XBT is a cryptocurrency trading platform that offers a user-friendly interface and a wide range of trading options. It is a secure and reliable platform that allows users to trade Bitcoin, Ethereum, Ripple, Litecoin, and other cryptocurrencies. The platform also offers margin trading with up to 100x leverage, and a variety of order types, including limit, market, and stop orders. Prime XBT also provides a range of educational resources to help traders understand the markets and make informed trading decisions. With its competitive fees and low minimum deposits, Prime XBT is an ideal choice for both beginner and experienced traders.

Fiat Currency / Cryptocurrency Trading Pairs + Fiat Deposits

Prime XBT is a trading platform that allows users to make fiat deposits and trade fiat currencies for crypto ones. This is a big deal, as many exchanges do not offer this option. Prime XBT offers a wide range of trading pairs, including fiat/crypto trading, and users can also make fiat currency deposits to their Prime wallet. This makes it an ideal platform for those looking for an easy entry into the cryptocurrency market, as it offers direct fiat deposits and fiat/crypto trading pairs. Prime XBT reviews are generally positive, with users praising the platform for its ease of use, security, and customer service.

Key Disadvantages of Prime XBT

Despite the many positive Prime XBT reviews, it is important to consider some of the common concerns that users have with the platform.

Prime XBT is a cryptocurrency trading platform that supports only the most popular and mainstream coins. Specifically, the platform offers support for Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and EOS (EOS). This is a relatively small number of coins, but it should be more than enough for entry-level crypto traders who are just getting started. With Bitcoin and Ethereum being the two most popular coins, beginner traders should have no problem finding the coins they need to start trading.

Services That Are Limited on a Regional Basis

Prime XBT is a popular cryptocurrency trading platform that operates in more than 150 countries. Unfortunately, it is not available in the US or Canada due to financial laws in those regions. This is a major con of the platform, as it restricts access to those living in the two countries. Despite this, Prime XBT is still considered a legitimate platform, offering a wide range of features and services to its users. It is a great option for those looking to trade cryptocurrencies, but those in the US or Canada will have to look elsewhere.

How to Register on and Use Prime XBT?

All that’s left to do is tell you how to register on it, and use the basic features!

1. Go to the company’s official website, and click Sign Up.

2. Enter your email address, contact information, and password.

3. A PIN code will be sent to you, which you must input on the website and press Enter to confirm your email address.

4. Next, you’ll be prompted to select the nation in which you now reside.

You’re in! The registration is quick and straightforward!

How to Add Bitcoins to Your Wallet?

  1. Go to the Account tab on your Prime XBT account.
  2. There will be a huge blue button that reads, “Deposit to wallet.” Toggle it.
  3. Your unique Bitcoin wallet code is located here. You must transmit Bitcoin to this address, which is your public wallet code. As an alternative, you may even buy Bitcoin with a credit or debit card – it’s that easy!


Prime XBT is a great asset trading platform for cryptocurrency traders. It offers a comparatively simple user interface and the ability to trade fiat/crypto pairs and purchase cryptocurrencies with a credit or debit card. The fees are lower than those of Coinbase, but the latter is available in the US and provides top-tier security for crypto assets. Prime XBT offers a wide range of cryptocurrencies, but US-based traders may need to look for alternatives such as Kucoin. All in all, Prime XBT is a great choice for beginner and entry-level traders.

Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.

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Rina Giannino
Journalist venturing into blockchain, Rina has been a follower of the technology since 2019 and finally taken the plunge with a career as a journalist in the industry.
prime-xbt-exchange-review-2023-decent-fees-and-relatively-simple-to-useMany user reviews of Prime XBT will tell you that the platform in question is actually a very good option, for both beginner cryptocurrency traders and some of the more seasoned ones! PX is incredibly safe, easy to use, and accepts fiat payments (credit/debit cards). Definitely among the top trading sites for cryptocurrencies today!