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Prime XBT Review 2022: A Complete Exchange Overview

PrimeXBT is a well-established CFD exchange, has experienced a surge in popularity in the cryptosphere in recent years. There are a variety of traders who love the platform , for various reasons and PrimeXBT offers many benefits. If you're curious about PrimeXBT and are looking to find out whether it's worth the hype, check out the review we have written that you could be interested in reading before making your choice.



What exactly is PrimeXBT?


PrimeXBT is an Contract for Difference (CFD) exchange based on cryptocurrencies. It offers a variety of trading markets to its customers. They have an average daily volume of trading of $545 000 000. primexbt bonus 50 is Seychelles registered and got locations in Grenadines as well as St. Vincent.



PrimeXBT was launched in the year 2018 , and was able to acquire more than 100 trading options and 12+ liquidity providers. It has spread its influence to over 150 countries across the world . It also provides leverage trading for several options. primexbt 50 deposit bonus has its liquidity from over 12 exchanges, eliminating any concerns traders must face. When registering with the exchange all you need to give is an email address as well as an account password. PrimeXBT takes privacy seriously and doesn't require KYC verification. Make sure that you switch 2FA on when you open the account.



PrimeXBT Exchange Security


The importance of security of an internet platform is something every person is aware of. PrimeXBT is not weak when it comes to security. It offers users extensive cyber security features and periodical stress tests to ensure customer safety.



PrimeXBT uses both hot and cold wallet technologies. To prevent any mishaps, the exchange also utilizes multi-signature access that multiple employees must use. It is powered by AWS web servers and also uses Cloudflare's technology to prevent DDoS attacks from occurring.



Constant updates, as well checks, are provided in order to fix any potential weaknesses. The risk of client funds hacking is very slim here since the security features are in place.



PrimeXBT Communication Security


It's becoming a norm to have full SSL encryption. PrimeXBT also comes with this feature that keeps all your communication encrypted, so no one can intercept them. The exchange uses bcrypt technology in the process of storing passwords. This makes it impossible to see the password, even users who have access to the server.



The technology can also assist you to identify any phishing attempts on your. Secure websites will always have the padlock icon in front of its address on its address bar. If it isn't present on the address bar remove the site as soon as possible.



PrimeXBT User Security


As with other exchanges, PrimeXBT also provides industry-standard 2FA system to ensure that no one is able to access your account. PrimeXBT also provides an alternative key for resetting the 2FA if you have lost your phone. Save your data to avoid any unfortunate accident.



The white-labeling of Bitcoin addresses is required by PrimeXBT. It makes sure that nobody else has the ability to make use of your funds. Beyond that, the security team of the exchange is monitoring every transaction to make sure that there aren't any suspicious activity taking place.



PrimeXBT Leverage


PrimeXBT can be described as an exchange that boasts some of the most leverage rates around. The maximum leverage is 1:200 for BTC or ETH pairs. Certain other crypto pairs have the leverage range of 1:5- 1:50. Some forex pairs even get 1:1000.



The value of leverage varies between different tokens, and the magnitude of the position they are taking on. The exchange itself can reduce the limits on leverage for traders who have more exposure to the market. If you're interested in knowing how much leverage is allowed go to the PrimeXBT fees page.



PrimeXBT Asset Coverage


PrimeXBT does not restrict the trading solely to cryptocurrency. PrimeXBT also gives users the ability to trade forex or commodities as well as stock indices. The assets include,









Markets that can be traded in crypto - 41


Forex Tradeable Markets: 51


Commodities - 5 commodities (gold silver, brent crude, natural gas)


Indices - 11 indices that can be traded (GER30 SP500 (HK-HIS, AUS200 JAPAN, UK100, DOWJ, EUR50, FRANCE, SPAIN)



PrimeXBT Fees


The platform allows only two kinds in transparent fees,









Trade fees - charged for making the trade (0.05 percentage for crypto and 0.0001 percent for all other)


Overnight fees are charged to finance the position over night (not assessed on the markets that close on Saturdays, however, the triple rate of financing is due on Thursday at 00:00 UTC)



Contrary to other CFDs, PrimeXBT charges only just a small amount of trading. It also provides a 25 percent discount for 300 to 600 BTC holders. primexbt funding holding above will get 50% off. There aren't charges for funding your account, traders have pay a modest fee when withdrawing.



PrimeXBT Funding / Withdrawals


It is possible to use bank cards or bank transfers to fund your account. Third-party platforms like Coinify, Xanpool, Changelly, and Paxful can be useful in making deposits and purchasing BTC, ETH, USDT and USDC.



If you are a person who doesn't have access one of these services, you will have to fund your account through buying cryptocurrency through exchanges, such as Binance. The exchange will accept deposits in BTC, ETH, USDT, USDC, and COV.



PrimeXBT Trading Platform


This is an exchange that has a well-designed trading platform and has features a wealth of tools to assist traders. Traders of all skill levels can utilize this platform to conduct trading in a simple manner.


You're also free to modify the interface in any way you feel is appropriate, which can make life much simpler. Users can change everything from grids to colours to fit their preferences.



Forms of order and order spillage


Orders are a topic that the PrimeXBT exchange pays close attention to. If primexbt promo code know what to do, use orders for managing risks to minimize losses and define specific levels for entries and exits. There are several types of orders offered on PrimeXBT.




Market Order : The standard kind of order


Limit Option - Order that allows you to buy or sell the asset at a certain threshold that is distinct from the market


Market Order - Stop Market Order - Used to limit losses on their account as "Stop-loss" orders


Protection Orders - Used to provide an additional form of protection on any order or position you have


One-Cancels-the-other (OCO) - set of orders that will cancel the other orders when executed



Order Spillage happens when you place an order, and the amount you receive isn't the price you'd expected. how to trade crude oil at primexbt about PrimeXBT the speed of transactions that allow users to avoid delay in the order.




PrimeXBT Mobile App


The people who created the PrimeXBT assert that the features of the original exchange are also available in the mobile application, too. This app works with iOS along with Android, and is available for download for free.



The app allows users to customize the layout of it to meet their specific needs. It allows users to execute orders, manage the account or trade, as well as chart. The app is rated above average scores on both stores.



PrimeXBT Customer Support


PrimeXBT has great features implemented to attend to the needs of its users. They can easily contact the support team through live chat, via email, or on their social media sites. The live chat service is available 24 hours a day, and the support team is friendly as well as knowledgeable.



The exchange includes Telegram bots also. They're capable of providing answers to the majority of issues that users may have. The lack of a KYC helps make it easier for support staff to fulfill their duties.




Conclusion


PrimeXBT is an excellent choice for traders who are seeking digital instruments for trading that leverage. The high leverage options offered here makes it a less risky and profitable exchange than the rest.



However, if you're not an avid CFD trader or trader, this is not the right exchange suitable for you. Otherwise, the attractive prices including anonymous accounts as well as high leverage make it an attractive exchange for you to utilize.




Read More: https://primexbt-review.weebly.com/