PrimeXBT Review

Camila Karam

Verified by Tsvetomir Koychev

Last updated

July 2, 2025 08:56 EDT

18min read

Share

We created an extensive PrimeXBT review to cover the exchange’s main products and services, trading fees, deposit and withdrawal methods, and security features. You’ll also learn how to sign up and start trading on PrimeXBT.

To create an unbiased review, we tested the platform to find out what makes it stand out from the competition and where it falls short. We also took into consideration the experiences of other users, especially when it comes to its customer support and user-friendliness.

Here’s how PrimeXBT ranks in our book and who should use this centralized exchange.

What Is PrimeXBT?

PrimeXBT is a crypto exchange that was founded and registered in Seychelles in 2018 under the holding company name PrimeXBT Trading Services (148707). The platform launched its trading services in early 2019. Later that year, PrimeXBT opened an office in St. Vincent & The Grenadines, and moved its domain and trading infrastructure to Switzerland.

The platform accepts users from more than 150 countries, but is not available in the U.S., Canada, New Zealand, Japan, Russia, Israel, Cuba, Iran, Syria, North Korea, Sudan, Myanmar, and Puerto Rico, among others.

PrimeXBT allows you to trade cryptocurrencies, crypto futures, and traditional financial instruments, such as Forex, S&P 500, and Nasdaq composite indices, commodities like crude oil and natural gas, and many others from a single account. The platform is extremely simple to use. Even beginners can open an account and load it with Bitcoin (BTC) or other crypto assets in minutes.

PrimeXBT Overview

PrimeXBT is an excellent cryptocurrency and crypto futures trading platform for traders who are looking for a way to use Bitcoin (BTC), Ethereum (ETH), and stablecoins (USDT/USDC), or fiat accounts as margin collateral to trade cryptocurrencies and traditional markets.

Other notable features of the platform include:

• Wide Range of Assets: PrimeXBT lets you deposit and trade multiple assets with profits and equity settled in the base currency of each trading account.
• Crypto Futures: Trade crypto futures with up to 200x leverage and competitive trading fees.
• High Leverage Trading: Trade global indices, commodities, and forex with up to 1000x leverage.
• Asset Variety: Supports over 100 tradable assets from both crypto and traditional markets.
• Customizable Interface: Offers a highly customizable interface with advanced charting tools and technical indicators.
• TradingView Integration: Seamlessly integrates with TradingView for enhanced charting.
• Risk Management: Advanced risk management and adjustable margin system for all skill levels.
• Fast Execution: Executes up to 12,000 orders per second with an average order time of less than 7.12 ms.
• Covesting Module: Features peer-to-peer crypto copy trading to follow expert traders.
• Low Fees: Transparent platform with some of the lowest fees available.
• Privacy Focus: No mandatory KYC checks, but partners with AML service providers for security.

All in all, PrimeXBT is an ambitious player in the crypto trading sphere. With its user-friendly interface, convenient features, and continuous innovation, it appeals to both new and experienced traders.

PrimeXBT Security

PrimeXBT uses robust security measures to protect your account and funds. It’s considered a secure and trustworthy platform and has never been hacked.

Most crypto assets stored by the exchange are kept in cold storage (i.e., secure, offline storage). This minimizes the risk of unauthorized access. However, funds needed to cover day-to-day withdrawals are held in a hot wallet. Transfers between hot and cold wallets use multi-signatures, which reduces the risk of a single point of failure.

PrimeXBT uses Cloudflare’s protection against Distributed Denial of Service (DDoS) attacks, and its hardware is hosted on Amazon Web Services for reliable performance.

All data exchanged between you and the platform is encrypted with full SSL encryption, ensuring your information remains secure. You can secure your account with a strong email and password combination, along with two-factor authentication (2FA). Passwords are protected with bcrypt hashing; sensitive data is encrypted.

PrimeXBT offers address whitelisting, allowing withdrawals only to pre-approved addresses. This prevents unauthorized transfers even if someone gains access to your account. Additionally, you can choose to receive email notifications for logins and liquidations.

The platform values user privacy and doesn’t require mandatory KYC checks, ensuring your identity remains anonymous. This reduces the risk of targeted hacking.

Overall, PrimeXBT combines advanced security features with user-friendly options to offer one of the most secure trading platforms available.

PrimeXBT Products and Services

As mentioned before in our PrimeXBT review, the platform will enable you to buy crypto and trade futures, FX, and CDFs with leverage. In addition to that, you’ll get to use its copy trading service to replicate the trading strategies of professional investors. On the downside, PrimeXBT doesn’t support spot trading, which may be a deal breaker to some traders. That said, here’s an overview of its main products and services.

Leveraged Trading on PrimeXBT

Leverage trading allows you to gain more exposure to an asset than the funds you put down, letting you profit from “borrowed funds.” This can amplify both gains and losses. With that in mind, PrimeXBT is recognized as one of the best crypto leverage trading platforms for a couple of reasons. First, it offers maximum leverage of 1:200 for BTC and ETH pairs. Other crypto pairs range from 1:5 to 1:50, and forex pairs can go up to 1:1000. This means you need only 1% (or 0.1%) of the required capital to open a position.

Secondly, PrimeXBT offers 41 cryptocurrency leveraged trading pairs with varying requirements, 51 forex pairs with different margin needs, 11 indices, and 5 commodities. The platform uses a cross-margin system, which means that you won’t be able to set or adjust leverage by yourself. Instead, the leverage will be automatically determined based on your position size.

You can find the full leverage limits for all assets in your account management area or on the PrimeXBT fees page:

PrimeXBT adjusts leverage limits based on market exposure. Larger positions require more margin, reducing risk. Although high leverage (e.g., 100x or 1000x) can increase potential profits, it also raises the risk of rapid fund exhaustion due to volatility.

Leverage is a powerful tool for professional traders but can cause significant losses if used recklessly. Understand the risks before trading with leverage. If your account equity falls below a certain level, PrimeXBT will issue a “Margin Call,” automatically closing negative positions to manage risk, resulting in lost funds. Always consider using lower leverage to manage risk effectively.

PrimeXBT Crypto Futures

Crypto futures are derivative contracts that let you speculate on cryptocurrency prices. You can open long or short positions, benefiting from price movements in either direction. PrimeXBT offers perpetual contracts with no expiration, providing flexibility.

It’s a robust platform, featuring low fees — 0.01% maker fee and 0.02%-0.045% taker fee — and a variety of tools to enhance your trading experience. On PrimeXBT, you can trade futures on popular cryptocurrencies, including:

• Bitcoin (BTC)
• Ethereum (ETH)
• Litecoin (LTC)
• Dogecoin (DOGE)
• Polygon (MATIC)
• Ripple (XRP)
• Solana (SOL)

PrimeXBT’s advanced tools include TradingView integration, a proprietary order book, and advanced charting for informed trading decisions.

The platform provides deep liquidity by partnering with top liquidity providers, allows you to tailor leverage to your risk tolerance, and lets you hold trades longer without high costs.

PrimeXBT Traditional Asset CFDs

PrimeXBT offers a comprehensive platform for trading both crypto futures and traditional asset CFDs. You can diversify your portfolio with various asset classes, including stock indices, commodities, forex, and metals.

• Stock Indices: Trade major indices like the S&P 500, NASDAQ, and FTSE 100. This lets you speculate on the performance of leading stock markets and benefit from broad market movements.
• Commodities: Trade popular commodities such as gold, silver, oil, and natural gas. These assets can hedge against inflation and market instability, offering opportunities for diversification and potential growth.
• Forex: Access a wide range of forex currency pairs. Benefit from the high liquidity of the forex market by engaging in currency speculation and capitalizing on exchange rate fluctuations.
• Metals: Trade industrial base metals like aluminum, zinc, copper, and lead. These metals are crucial in various industries and add value to your trading portfolio.

PrimeXBT’s diverse selection of traditional asset CFDs allows you to manage risk effectively while capitalizing on various market opportunities.

PrimeXBT Covesting Review

PrimeXBT’s Covesting Copy Trading feature allows you to automatically replicate the trades of successful traders. This system, popular on platforms like eToro and Avatrade, benefits both inexperienced traders, who can learn from experts, and experienced traders, who can earn additional revenue.

To get started, choose traders based on their performance, which is displayed over various timeframes. It’s wise to select traders with proven track records. Ensure that the funds you want to use are in your main wallet, then follow the selected trader’s strategy to potentially earn passive income.

Covesting Copy Trading is beneficial for new traders looking to learn trading strategies by analyzing successful trades, as well as for those seeking passive income. Experienced traders can also profit by allowing others to copy their trades.

PrimeXBT has partnered with Covesting, a licensed DLT services provider, to offer unique benefits through the COV token. Staking COV tokens unlocks advantages such as using COV as collateral for leveraged trading, reduced entry fees, increased profit share, extended following limits, lower trade fees for strategy managers, and higher APY on yield accounts.

PrimeXBT Fees

PrimeXBT’s maker and taker fees are well below the industry average. On that note, you can trade crypto futures contracts for a fixed maker fee of 0.01%, while the taker fee ranges between 0.02% and 0.045%, depending on your monthly volume.

There are no commission fees for forex, indices, commodities, and shares CFDs, while for cryptocurrencies, the trading fee stands at 0.05% per slide. Here’s a clear breakdown of all PrimeXBT fees and commissions:

When it comes to copy trading, PrimeXBT and the strategy manager will take 20% (each) of your profits, while you’ll get the remaining 60%. You can open an account for a fee, and you won’t have to pay maintenance fees. PrimeXBT ensures a cost-effective trading experience with no hidden charges, making it ideal for both new and experienced traders.

PrimeXBT Design and Usability

PrimeXBT offers a seamless user experience (UX). Opening an account takes less than a minute, and you can quickly load it with cryptocurrencies to start trading. Despite advanced trading tools and charts, PrimeXBT remains intuitive and user-friendly, making it easy for beginners. You can place orders, monitor markets, and trade effortlessly. You can also customize the interface to suit your preferences.

You can trade CFDs and futures on PrimeXBT in three different ways – via its browser extension, mobile app, and MetaTrader 5.

PrimeXBT WebTrader

PrimeXBT WebTrader is a browser extension that will enable you to trade cryptocurrencies without the need to download any software. You’ll just need to create an account on PrimeXBT, and you’re good to go. The browser extension has a fully customisable interface.

This means that you’ll get to adjust it to suit your trading style. For example, you can move, resize, and rearrange the chart windows, create custom watchlists, and combine various drawing tools. You can also link and unlink the widgets to each other and gain access to advanced TradingView charts and expert tools.

MetaTrader 5

PrimeXBT is integrated with the MetaTrader 5 platform, which will enable you to trade CFDs from a single account. The MT5 platform comes as a browser extension, desktop app (Windows and Mac), and mobile app (Android and iOS).

Once you download the MT5 platform, you’ll need to open your PrimeXBT account, click on the File button, and select the Login to Trade Account option. Then, you need to enter your account details and tap the Login button. The MT5 platform supports multiple professional tools, including 38+ technical indicators and 44+ charting tools.

PrimeXBT Mobile App

PrimeXBT offers mobile apps for both iOS and Android, enabling you to trade on the go with the same functionality as the desktop platform. The app features an intuitive interface with customizable layouts, advanced charting tools, and extensive order options.

You can manage your account, view all trading accounts, and check total funds directly from the main page. The app also supports PIN, face, or fingerprint authentication for secure login. You can make deposits and withdrawals within the app as well. While the mobile app mirrors the desktop version, we noticed that it lacks certain features, such as custom price alerts, which is a bit of a letdown.

For optimal trading, it’s recommended to use the web app for detailed analysis and the mobile app for monitoring positions and executing quick trades.

Deposit and Withdrawal Methods

PrimeXBT accepts both fiat and cryptocurrency deposits. You can deposit fiat currency via Advcash and Perfect Money, but account verification is required. To buy crypto using a debit or credit card, use the widget in the deposit section, or opt for SEPA transfers and third-party services like Coinfy.

PrimeXBT charges no fees on deposits, and there are no minimum deposit requirements, making it accessible for small accounts.

However, the minimum requirement for fiat deposits via AdvCash and Perfect Money stands at $10. Here are the average deposit processing times for some of the most popular crypto assets:

• Bitcoin: ~40 minutes
• Ethereum and ERC-20 tokens: ~4 minutes
• BEP-20 (BSC) and TRC-20 (TRON) tokens: ~1 minute
• USDT and USDC: ~1 minute

PrimeXBT also supports both fiat and crypto withdrawals. Each unverified account has a 24-hour withdrawal limit of $20,000 or equivalent. The platform offers Crypto Address Whitelisting, allowing you to designate specific withdrawal addresses for added security.

To withdraw crypto, go to your Account’s main page, click “Withdraw,” and select the crypto asset.

Withdrawals are processed once a day between 12:00 and 14:00 UTC. Requests before 12:00 UTC are processed the same day; those after 12:00 UTC are processed the next day.

For fiat withdrawals, navigate to the “Wallets” section on your account’s main page, click “Withdraw,” and select the method to proceed.

Customer Support

PrimeXBT provides responsive customer support, a critical feature for traders with open trades and live money at stake. The quickest way to reach customer support is through the 24/7 live chat accessible from the trading platform.

For additional inquiries, you can contact their team at [email protected]. If you need a fast response and aren’t getting one through the ticket system, reach out via PrimeXBT’s social media channels, such as X or Telegram.

PrimeXBT doesn’t offer a dedicated phone line for emergencies. However, you can check the operational status of the trading engine, deposits, withdrawals, and website on their status page.

How to Sign Up and Start Trading on PrimeXBT

In this segment of our PrimeXBT review, we’ll show you how to create an account on this crypto exchange in five easy steps.

1. Go to the PrimeXBT Website or Download the PrimeXBT App

You can create an account on PrimeXBT by visiting its official website or downloading its app on Google Play or the App Store. If you use the first option, you’ll see a Register button, located in the top right corner. Once you click on it, you’ll be transferred to the registration page.

2. Enter Your Email Address and Password

Enter a valid email address and create a strong password, then tap the Sign up button. You’ll receive a confirmation email with a verification code. Use this code to activate your account.

3. Verify Your Account

To unlock the platform’s full potential, you’ll need to verify your account. To do that, enter your account and tap the Verify Account button. Fill out the verification form by entering your first and last name, address, and date of birth, and selecting your country. Next, you must upload a government-issued ID (passport, driver’s license, residence permit, or national ID). The verification process takes about 2 minutes.

4. Make a Deposit

Enter your account and tap the Deposit button, located in the top right corner. Select the Deposit Crypto option and choose a coin you wish to deposit from the list of supported cryptocurrencies. Now, decide where you want your tokens to go – to the PrimeXBT wallet or your trading account. Copy your unique deposit address or scan the QR code to send the selected coin. You can also make a deposit using fiat by selecting the Deposit Money option.

5. Start Trading

You can place an order by selecting the token you wish to trade, choosing the order type, setting the leverage level, and entering the volume you want to trade.

PrimeXBT Review Conclusion: Who Is It Suitable For?

PrimeXBT is a top choice among crypto trading platforms due to its high leverage levels, low fees, and advanced trading tools. It also stands out for allowing users to trade various assets, including cryptocurrencies, stocks, commodities, and indices, from a single platform.

The ability to sign up without KYC or ID verification appeals to those who value privacy. PrimeXBT’s strong security measures, including SSL encryption, 2FA, and address whitelisting, ensure the safety of user accounts and funds.

With over a million users in 150 countries, PrimeXBT offers a comprehensive trading experience for both beginners and seasoned traders. The platform’s copy-trading feature allows users to follow successful traders, further enhancing its appeal.

Consider PrimeXBT for its advanced technology, versatility, top-notch security, transparent fees, and extensive trading opportunities.

FAQs

Camila Karam

Cryptocurrency Editor

Camila is a Crypto Editor at Cryptonews, where she crafts research-driven, value-packed evergreen content on cryptocurrencies, exchanges, and other Web3 topics. She is passionate about gathering useful information for the public interested in crypto and blockchain, avidly following new tokens and coins and the most recent news shaping the market. Before transitioning to Web3, Camila contributed to the growth of companies across Latin America, the USA, and Europe in niches such as fashion, SaaS, telecommunications, and lifestyle.

Read More